Moderates from both sides will have to support the bill, as any compromise will almost definitely lose the support of the far left and far right wings of each party, increasing the likelihood of a U.S. default.
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With a Ukrainian counteroffensive looming, Moscow has intensified air strikes, targeting chiefly military sites and supplies. Kyiv meanwhile said that clashes eased around the besieged city of Bakhmut.
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Erdogan has taken an increasingly authoritarian path with muscular foreign policy and unorthodox economic governance.
- BreakingviewsHow risky bank debt makes customers safer
Forcing more U.S. banks to fund more of their loans and investments with long-term debt and less with deposits, could offer more protection for customers, columnist Liam Proud writes.