Washington Financial News

The National Apartment Association says President Joe Biden's proposed rule to ban hidden and bogus junk fees could end up increasing the cost of rental housing

Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate

President Joe Biden says his proposed ban on junk fees will help families and “honest” businesses

Social Security's cost-of-living increase for 2024 will be announced Thursday

By David Morgan, Richard Cowan and Moira Warburton

By Makini Brice

By Howard Schneider

WASHINGTON (Reuters) — U.S. Senator Elizabeth Warren, a Democrat on the Senate Banking panel, said on Wednesday she was concerned that Exxon Mobil (NYSE:XOM)'s agreement to buy U.S. rival Pioneer Natural Resources (NYSE:PXD) would raise costs and should be probed by regulators.

WARNING—GRAPHIC FOOTAGE: The Punaro Group CEO Gen. Arnold Punaro (ret.) discusses the attacks on Israel from Hamas and reacts to the White House being grilled over refreezing the $6 billion from the Iran prisoner swap deal.

The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said.

Former Alameda Research CEO Caroline Ellison claimed in court that Sam “SBF” Bankman-Fried attempted to raise equity for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman, or MBS.

World Bank's new president, Ajay Banga, said Wednesday that the global lender must become «better» and «bigger» to boost its capacity to help developing countries battle climate change, poverty and pandemics. Banga, who was appointed in June, made his plea at the annual meetings of the IMF and World Bank in the southern Moroccan city of Marrakesh where reform of the Washington-based institutions is a major agenda item. The former CEO of Mastercard has previously vowed to «fix the plumbing» at the bank, saying it was «dysfunctional» despite a dedicated staff. Banga said at a press conference on Wednesday that a «deep cultural change» is needed at an «institution that has a proud history and done an amazing job over the last 78 years.» He noted that countries have to deal with various departments and that it can take 27 months between the time a project is discussed and is finally approved. «The idea of a better bank is a bank that works better with itself, is more efficient in its own processes,» Banga said. The Indian-born, naturalised US citizen has vowed to made climate change a top priority after he took over from David Malpass, a former US Treasury official who stepped down early from his five-year term amid questions about his stance on the issue. Banga wants to redefine the vision of the bank towards «eradicating poverty on a liveable planet». He said poverty, pandemics and climate change were «almost like a perfect storm» that can no longer be treated separately. Oscar Soria, campaign director for the non-profit Avaaz, said the IMF and World Bank are not moving fast enough. «While changes are promised, they are too incremental, timid and slow,» Soria told AFP, adding that countries hit by several crises

Joly held a «secret meeting» with her Indian counterpart S Jaishankar in Washington last month, a media report has said, amid a diplomatic row between the two countries over the killing of a Sikh separatist leader in June. The report by the Financial Times on Tuesday came even as Canada is yet to comply with India's communication to Ottawa to withdraw over three dozen of its 62 diplomats in the country. The Ministry of External Affairs declined to comment when asked about the reported meeting.

By John Kruzel

WASHINGTON (Reuters) — U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate.

The Financial Times reported citing sources. As per the report by FT, in the previous week, Trudeau and Joly said that Ottawa was attempting to address the dispute behind closed doors.

Reuters reported. Peskov also cautioned that the conflict had the potential to spread to neighbouring regions. Also Read:Israel-Hamas War LIVE Updates: Palestinians struggle for safety as Israel pounds sealed-off Gaza Strip During talks with Iraqi Prime Minister Mohammed Shia Al-Sudani, Putin took the chance to link the considerable increase in violence to the United States' long-standing policy in the region.

Gaza Strip. His promise raised questions about whether Washington can ramp up defense aid to Israel without jeopardizing aid for Ukraine, especially given Republican lawmakers' ouster of House of Representatives Speaker Kevin McCarthy and failure so far to name a replacement. Biden administration officials insist Washington can absolutely do both, but acknowledge there will be challenges.

NEW DELHI : The International Monetary Fund (IMF) lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption" during the June quarter. In contrast, the agency expects global growth of 3% in 2023 and 2.9% in 2024, with advanced economies expanding by 1.5% in 2023 and 1.4% in 2024. The Washington-based agency presents India’s economic growth forecast on a fiscal year basis while it uses the calendar year for other economies.

By Jarrett Renshaw and Valerie Volcovici

Making Money host Charles Payne discusses the impact of the expansion of the UAW strikes.