U.S. fiscal talks stumble as lawmakers race against time

By Richard Cowan and Thomas Ferraro WASHINGTON (Reuters) – Efforts by lawmakers to stop a U.S. debt default were in disarray on Tuesday with just over a day before the government’s authority to borrow money lapses, risking the Treasury’s ability to pay bills and creditors. Chaotic negotiations to end the U.S. fiscal impasse failed to produce a deal, and left Congress and President Barack Obama desperately searching for a way to reopen the government and raise the country’s debt limit ahead of a Thursday deadline. Both measures require approval by the U.S. …

U.S. Senate leaders resume fiscal negotiations: Republican aide

WASHINGTON (Reuters) – Democratic and Republican leaders in the U.S. Senate have resumed negotiations on legislation to avert a default and to reopen shuttered federal agencies after attempts in the House of Representatives failed on Tuesday. Don Stewart, a spokesman for Senate Republican leader Mitch McConnell said: “Given tonight’s events, the leaders have decided to work toward a solution that would reopen the government and prevent default. They are optimistic an agreement can be reached. …

Job fears and abuse take toll on bankers’ health: study

By Belinda Goldsmith LONDON (Reuters) – Fears of job cuts and “banker bashing” are taking a toll on the health of bank workers of all levels, according to an international study published on Wednesday that follows a trail of burnouts and tragedies in the world of finance. The study by Swiss-based UNI Global Union found more than 80 percent of banking and insurance unions in 26 countries cited deteriorating health as a major problem for their members in the past two years, with many now working in a “climate of fear”. …

1 57 58 59 60 61 113