U.S. House of Representatives Speaker Kevin McCarthy has floated a plan that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the U.S. debt ceiling.
Indian shares reversed some early gains on Thursday as investors, hopeful of strong domestic earnings last week, turned largely cautious after IT companies sounded off alarm bells.
European banks appear better positioned than U.S. peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the danger zone.
The Republican-controlled U.S. House of Representatives is expected to vote Thursday on a bill that would ban transgender women and girls from competing in women's and girls' school sports, weighing in on an issue that has riled social conservatives.
Republican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation's debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over increasing the government's borrowing authority.