Author: Press Room

President Biden and Speaker Kevin McCarthy will meet on Tuesday afternoon to discuss budget priorities and raising the debt limit at a precarious moment: The United States is quickly running out of cash to pay its bills.Lawmakers have less than a month to pass legislation to increase or suspend the debt ceiling, which caps the amount of money the government can borrow. The United States reached its statutory $31.4 trillion debt limit on Jan. 19, and the Treasury Department estimates that the accounting maneuvers it has been employing to prop up its cash reserves could be exhausted as soon as…

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. Yesterday, a reference to the film Caddyshack provoked a lot of approving mail. Does that mean most of our readers grew up in the 1980s, or just have excellent taste? Send other market-applicable movie quotes to: robert.armstrong@ft.com and ethan.wu@ft.com. Trade-off time is hereWe’ve been moaning for some months about confusing, contradictory or equivocal economic data flowing out of the US economy. But recent reports, in a refreshing change, have mostly been singing from the same…

The Atrium is a black glass office tower glowering over the town centre of Uxbridge, 16 miles west of London. It symbolises a problem facing commercial property investors across the UK. The 1990s building, which counts multi-level marketing company Herbalife among its remaining tenants, is now roughly half empty. The Atrium is not alone: a quarter of the office space in the commuter town near the M25 motorway sits vacant. BlackRock bought the Atrium block from insurer Aviva in 2015 for £55mn. The US investment giant has been marketing the property recently for as little as £16mn, according to sales…

Ecoterra, an award-winning green Web3 project, has a presale that continues to attract much interest. The presale has already raised over $3.5 million, with investors rushing to buy ahead of a 10% price increase during the next stage.Ecoterra presale raises $3.5 millionEcoterra is a new project that uses a unique Recycle-to-Earn (R2E) system. The project has been created to support recycling and encourage individuals and organizations to reduce their carbon footprint.The Ecoterra presale has already raised more than $3.5 million amid investors’ growing interest in the project. The project has already won an award for contributing to a sustainable ecosystem during the Istanbul…

The U.S. Preventive Services Task Force, a panel of experts that issues guidelines about preventive care, has recommended all women start routine breast cancer screening at 40, instead of by 50, the previous recommendation.The panel continues to advise spacing the screenings at two-year intervals, although some other medical organizations endorse annual mammograms.Here’s more about what this means for you.Who is affected by the new guidelines?The advice applies to all “cisgender women and other people assigned female at birth” who are at average risk for breast cancer and do not have any troubling symptoms that might indicate breast cancer. This group…

An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022.Yousef Saba | ReuterCheck out the companies making headlines before the bell.PacWest — Shares plunged 20% after the regional bank stock said deposits fell 9.5% for the week ended May 5. If necessary, PacWest said it has access to $15 billion of available liquidity. Other regional banks stocks moved lower on the news, with Western Alliance and First Horizon down 7.3% and 3.2%, respectively.Disney — The media…

A 72-year-old Georgia resident recently graduated from college with a degree in cinema studies on Thursday — and his proud, 98-year-old mother was in attendance.Lawrenceville’s Sam Kaplan enrolled at Georgia Gwinnett College in 2019 — 50 years after he opted to not pursue higher education when he graduated from high school in 1969.”I was riding down the highway and heard on the radio they were offering this degree,” Kaplan told FOX 5 Atlanta. “The next exit was Collinsville, so I exited off and five minutes later, I was registering for class.”I’ve always liked to write, I love to tell stories.…

This week, there were reminders round every street corner in Liverpool that this northern English city is hosting the Eurovision Song Contest as a stand-in for last year’s winning country, Ukraine, where war continues to rage more than a year after Russia’s full-scale invasion.Inflatable songbirds decorated with patterns from traditional Ukrainian embroidery dotted the streets. In the city center, sandbags covered a monument as part of an art installation that replicates measures taken to protect statues in the war-torn country. There were blue-and-yellow flags everywhere.But perhaps the most visible reminder of Ukraine’s centrality to an event hosted in an English…

Cedric Mullins entered his final at-bat of Friday night with a single, double, and a triple – everyone knew he’d be swinging for the fences.And it paid off – the outfielder drilled a pitch into the right field stands near Eutaw Street to hit for the cycle.With runners on the corners and two outs, Mullins turned on a hanging changeup from Pittsburgh Pirates’ Duane Underwood Jr. and sent it to the seats.Not only did it finish off the cycle, but it gave the Baltimore Orioles some big insurance runs, increasing their lead to 6-2. Baltimore Orioles’ Cedric Mullins races to…

Gina Raimondo, U.S. secretary of commerce, during a “First Tool-In” ceremony at the Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022.Caitlin O’Hara | Bloomberg | Getty ImagesThe U.S. government is seeking to turn metro areas in middle America into the next hot spots of tech innovation with an initial $500 million investment.The Department of Commerce announced Friday its first notice of funding opportunity, or NOFO, for the Regional Technology and Innovation Hub program, known as Tech Hubs. It kicks off the process for eligible groups around the country to apply to be designated…