A bill to suspend the U.S. government's $31.4 trillion debt ceiling and avert a disastrous default cleared a key procedural hurdle in the House of Representatives on Wednesday, setting the stage for an vote on the bipartisan debt deal itself.
- MarketsExclusive: UN tries to save Black Sea grain deal with 'mutually beneficial' proposal, sources say
The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe Black Sea grain exports, a source close to the talks said on Wednesday.
- MarketsWall St falls as labor data spurs rate hike jitters before debt ceiling vote
Unexpectedly strong labor market data rattled investors who fear the Fed might hike interest rates again in June.
- LegalEx-JPMorgan executive wrote Epstein 'should not be a client' in 2011 email, according to deposition
Chief Executive Jamie Dimon said in a deposition that he was not aware of the email from JPMorgan's former general counsel Stephen Cutler at the time but said "I know it today."
