June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.Hotel developers, private equity firms, and general contractors told Reuters the financial stress on regional banks -- the largest lenders to hotels and other commercial real estate markets -- has forced developers to postpone projects or find other creative ways to raise capital.The hotel industry's predicament highlights the impact on the broader U.S. economy of the...
House Speaker Kevin McCarthy (R-CA) sits for debt limit talks with U.S. President Joe Biden in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah Millis/File PhotoNEW YORK, June 2 (Reuters) - While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as 11th-hour debt ceiling negotiations have become an almost regular feature in recent U.S. history.The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling,...