GFIN – Page 17 – Money Lowdown

Money

Global money market funds attract heavy inflows as US debt ceiling looms

May 26, 2023

May 26 (Reuters) - Global money market funds drew inflows for a fifth straight week in the seven days to...

Funds

U.S. debt ceiling deal takes shape with little time to spare

May 25, 2023

WASHINGTON, May 25 (Reuters) - U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy on Thursday were edging close...

Money

Moody’s: Emerging market credit to be tight amid U.S.-led risks

May 25, 2023

LONDON, May 25 (Reuters) - Emerging economies will continue to suffer from the spillover of economic problems in the U.S.,...

Funds

Italy to submit updated plans on EU recovery funds by July – official to paper

May 25, 2023

ROME, May 25 (Reuters) - Italy will submit to the EU Commission an update of its spending plans related to...

Money

Why Italy is struggling to spend its EU post-COVID recovery funds

May 24, 2023

Italian Prime Minister Giorgia Meloni attends the European Union leaders summit in Brussels, Belgium March 23, 2023. REUTERS/Johanna Geron/File PhotoROME,...

Pension

Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead

May 24, 2023

WASHINGTON, May 24 (Reuters) - The central pillar of any debt-ceiling agreement between President Joe Biden and House Republican Kevin McCarthy is shaping up to be "discretionary spending" - the chunk of the United States' roughly $6 trillion annual federal budget that is set annually by Congress.Talks are fluid as Biden and McCarthy work towards a deal to raise the $31.4 trillion debt ceiling and avoid a default as soon as June 1. But cuts to Social Security and Medicare programs that eat up most of the U.S. budget are...