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WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing … Read more
WASHINGTON, March 22 (Reuters) – China is watching “very carefully” Washington and the world’s response to Russia’s invasion of Ukraine, but has not yet crossed the line of providing deadly aid to Moscow, the US secretary of state said Affairs Antony Blinken Wednesday. . Speaking after a visit to Moscow by Chinese President Xi Jinping, … Read more
WASHINGTON, March 22 (Reuters) – US Treasury Secretary Janet Yellen told lawmakers on Wednesday that the Federal Deposit Insurance Corporation (FDIC) is not considering offering “general insurance” for post-collapse bank deposits from two prominent US banks this month. Some banking groups have urged Congress to temporarily guarantee all U.S. bank deposits, a move they say … Read more
WASHINGTON, March 22 (Reuters) – A conservative Republican and a progressive Democrat in the US Senate are introducing legislation on Wednesday to replace the Federal Reserve’s internal watchdog with a president-appointed one, with the aim of tightening banking oversight following the failure of Silicon Valley Bank and Signature Bank. Republican Rick Scott and Democrat Elizabeth … Read more
WASHINGTON, March 20 (Reuters) – Hardline Republicans in the House of Representatives vowed Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000. while financial confidence wavers. The Republican House Freedom Caucus said in a statement that the Federal Reserve should wind down its extraordinary funding facility created March … Read more