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The United States is at risk of another damaging government shutdown, potentially as soon as the end of September WASHINGTON -- On one side of the Capitol, two senators have steered the debate over government funding mostly clear of partisan fights, creating a path for bills to pass with bipartisan momentum. Steps away, on the House side of the building, things couldn’t be more different. House Republicans, trying to win support from the far-right wing of the party, have loaded up their government funding packages with spending cuts and conservative policy priorities. Democrats have responded with ire, branding their GOP counterparts as extreme and bigoted, and are withdrawing support for the legislation. The contrary approaches are not unusual for such fights in Congress. But the differences are especially stark this time, creating a gulf between the chambers that could prove difficult to bridge. The dynamic threatens to plunge the United States into yet another damaging government ...

Estonia’s strongly pro-Ukrainian prime minister is under increasing pressure to resign, after Estonian media revealed her husband’s role in a company that indirectly did business in Russia after the full-scale invasion of Ukraine last year COPENHAGEN, Denmark -- Estonia’s strongly pro-Ukrainian Prime Minister, Kaja Kallas, came under increasing pressure Friday to resign, after Estonian media revealed her husband’s role in a company that indirectly did business in Russia after the full-scale invasion of Ukraine last year. Kallas, 46, one of Europe’s most outspoken supporters of Ukraine, had urged all EU companies to stop doing Business with Russia after the war in Ukraine began in February 2022. Her husband , Arvo Hallik, said Friday he would sell his 25% stake in Stark Logistics, a trucking company that worked with an Estonian company involved in Russia. He also said he would resign as the company’s chief financial officer and step down from the board. The opposition has urged Kallas ...

Stocks are drifting on Wall Street after central banks around the world showed they’re not done cranking interest rates higher in their fight against inflation NEW YORK -- Stocks are drifting on Wall Street Thursday after central banks around the world showed they're not done cranking interest rates higher in their fight against inflation. The S &P 500 was 0.2% higher in afternoon trading after wobbling through the day. The majority of stocks in the benchmark index were slipping, but gains from some big technology stocks countered losses elsewhere. The Dow Jones Industrial Average fell 21 points, or 0.1%, to 33,930, and the Nasdaq was 0.6% higher, as of 2 p.m. Eastern. The Bank of England hiked its main interest rate by a bigger margin than expected to a 15-year high. Central banks in Norway, Switzerland and Turkey also raised borrowing rates. In the United States, meanwhile, Federal Reserve Chair Jerome Powell reiterated his belief that inflation is still too high and that fur...