Latest news with #HouseRepublican
Washington Post
23-07-2025
- Politics
- Washington Post
House GOP seeks to censure Democrat McIver over New Jersey detention center incident
WASHINGTON — A House Republican proposed a resolution Wednesday to censure Democratic Rep. LaMonica McIver over an incident with law enforcement during a congressional oversight visit to a new immigration detention facility in her home state of New Jersey. Republican Rep. Clay Higgins of Louisiana pushed forward the measure, which also calls for removing McIver from her seat on the Homeland Security Committee, as the House was preparing to recess for the August break. As a privileged resolution, it can be considered for swift action as soon as lawmakers return in September.
E&E News
14-07-2025
- Politics
- E&E News
House bill for State Department funding guts climate programs
The House Republican bill to fund the State Department targets climate programs and includes a deep cut to a key environmental treaty. The fiscal 2026 appropriations bill, released Monday, would zero out all funding to implement the Montreal Protocol, the major international treaty protecting the ozone layer. The United States is not expected to withdraw from the agreement, which was ratified in 1987 by 197 countries. But the State Department's contributions in the past decades have provided significant funding to help enforce the ozone pollution standards domestically and in poorer countries. Advertisement The new House bill has no funding for the international organizations and programs division, which includes the Montreal Protocol and other multilateral assistance programs.
Yahoo
20-05-2025
- Business
- Yahoo
Trading Day: Japan's long bond warning
By Jamie McGeever ORLANDO, Florida (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. assets in the red It was a sobering day for U.S. assets on Tuesday, with Wall Street, the dollar and longer-dated Treasuries all declining as investors took a breather to digest last week's U.S. sovereign credit downgrade and the latest twists in President Donald Trump's efforts to push his sweeping tax-cut bill through Congress. The general fiscal health of developed economies and rise in long-term yields more broadly are top of investors' minds, and the most significant move in global markets on Tuesday was Japan's 30-year yield hitting a record high. More on that below, but first, a roundup of the main market moves. I'd love to hear from you, so please reach out to me with comments at You can also follow me at @ReutersJamie and @ Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. 1. A junk-rated U.S. Treasury? Markets 'care' about that:Mike Dolan 2. Trump visits Capitol to try to mend U.S. HouseRepublican rifts on tax bill 3. BOJ urged to boost bond buying in wake of spike insuper-long yields 4. China cuts key rates to aid economy as trade war simmers 5. With U.S. and EU deals, Britain embarks on high-riskbalancing act Today's Key Market Moves * Wall Street's three main indices close lower, falling asmuch as 0.4%. The S&P 500's fall is its first in seven however, the VIX volatility index also falls. * Japan's 30-year yield leaps 16 bps on the day to a recordhigh of 3.14%. * The Australian dollar falls 0.6%, one of the biggestdecliners in G10 FX, after the RBA cuts interest rates andleaves the door open to further easing. * Mainland Chinese and Hong Kong-listed stocks rise afterChina's central bank cuts rates for the first time sinceOctober. * Safe-haven gold rises nearly 2% on the back of a weakerdollar, global trade uncertainty, and Wall Street weakness. Japan's long bond warning If Tuesday was a relatively calm day across global equity markets, the same cannot be said for Japanese Government Bonds, particularly the long end of the curve after a poor auction of 20-year securities triggered a rush for the exits. The 30-year JGB yield rose above the previous high from November 2000 to a fresh record peak of 3.14% and is now up more than 40 bps this month, putting it on track for its biggest monthly rise on record. The spread between Japan's 30-year JGB yield and Bank of Japan policy rate is now 263 basis points, the widest since 2004 and close to the record high around 290 bps from August that year. The severe weakness of longer-dated Japanese sovereign bond prices is the clearest reflection of a global phenomenon currently underway - declining demand for 'duration', or investors' reluctance to hold long-term government debt. Of course, Japan's fiscal dynamics are particularly fragile. The country's gross debt-to-GDP ratio of more than 250% is by far the highest in the developed world. For years it sustained that huge debt burden while paying the lowest interest rates in the developed world, but that sweet spot has gone - perhaps for good - and investors are now demanding a much higher risk premium. In many ways, Japan's situation is unique, but where Japan leads other countries often follow. Public finances and debt dynamics are deteriorating across the G7 and beyond, and ratings agency Moody's last week stripped the U.S. of its triple-A credit rating. The impact on U.S. assets has been relatively muted so far, although long-dated yields remain elevated, indicating that the move was hardly a shock. Wednesday's 20-year Treasury note auction will be under the spotlight, though, for signs of how strong or otherwise investor demand is. There will probably always be demand for the most liquid asset in the world's deepest market - it's just a question of price. In that light, interest from foreign buyers at the 20-year auction will be intensely scrutinized, given the growing worries about 'de-dollarization' and Treasuries' 'safe-haven' status. What could move markets tomorrow? * Japan Tankan non-manufacturing index (May) * Japan trade (April) * Indonesia interest rate decision * UK inflation (April) * U.S. 20-year Treasury note auction * ECB publishes Financial Stability Review * G7 finance ministers, central bank chiefs meeting inCanada Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (By Jamie McGeever; Editing by Nia Williams) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Trading Day: Japan's long bond warning
By Jamie McGeever ORLANDO, Florida (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. assets in the red It was a sobering day for U.S. assets on Tuesday, with Wall Street, the dollar and longer-dated Treasuries all declining as investors took a breather to digest last week's U.S. sovereign credit downgrade and the latest twists in President Donald Trump's efforts to push his sweeping tax-cut bill through Congress. The general fiscal health of developed economies and rise in long-term yields more broadly are top of investors' minds, and the most significant move in global markets on Tuesday was Japan's 30-year yield hitting a record high. More on that below, but first, a roundup of the main market moves. I'd love to hear from you, so please reach out to me with comments at You can also follow me at @ReutersJamie and @ Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. 1. A junk-rated U.S. Treasury? Markets 'care' about that:Mike Dolan 2. Trump visits Capitol to try to mend U.S. HouseRepublican rifts on tax bill 3. BOJ urged to boost bond buying in wake of spike insuper-long yields 4. China cuts key rates to aid economy as trade war simmers 5. With U.S. and EU deals, Britain embarks on high-riskbalancing act Today's Key Market Moves * Wall Street's three main indices close lower, falling asmuch as 0.4%. The S&P 500's fall is its first in seven however, the VIX volatility index also falls. * Japan's 30-year yield leaps 16 bps on the day to a recordhigh of 3.14%. * The Australian dollar falls 0.6%, one of the biggestdecliners in G10 FX, after the RBA cuts interest rates andleaves the door open to further easing. * Mainland Chinese and Hong Kong-listed stocks rise afterChina's central bank cuts rates for the first time sinceOctober. * Safe-haven gold rises nearly 2% on the back of a weakerdollar, global trade uncertainty, and Wall Street weakness. Japan's long bond warning If Tuesday was a relatively calm day across global equity markets, the same cannot be said for Japanese Government Bonds, particularly the long end of the curve after a poor auction of 20-year securities triggered a rush for the exits. The 30-year JGB yield rose above the previous high from November 2000 to a fresh record peak of 3.14% and is now up more than 40 bps this month, putting it on track for its biggest monthly rise on record. The spread between Japan's 30-year JGB yield and Bank of Japan policy rate is now 263 basis points, the widest since 2004 and close to the record high around 290 bps from August that year. The severe weakness of longer-dated Japanese sovereign bond prices is the clearest reflection of a global phenomenon currently underway - declining demand for 'duration', or investors' reluctance to hold long-term government debt. Of course, Japan's fiscal dynamics are particularly fragile. The country's gross debt-to-GDP ratio of more than 250% is by far the highest in the developed world. For years it sustained that huge debt burden while paying the lowest interest rates in the developed world, but that sweet spot has gone - perhaps for good - and investors are now demanding a much higher risk premium. In many ways, Japan's situation is unique, but where Japan leads other countries often follow. Public finances and debt dynamics are deteriorating across the G7 and beyond, and ratings agency Moody's last week stripped the U.S. of its triple-A credit rating. The impact on U.S. assets has been relatively muted so far, although long-dated yields remain elevated, indicating that the move was hardly a shock. Wednesday's 20-year Treasury note auction will be under the spotlight, though, for signs of how strong or otherwise investor demand is. There will probably always be demand for the most liquid asset in the world's deepest market - it's just a question of price. In that light, interest from foreign buyers at the 20-year auction will be intensely scrutinized, given the growing worries about 'de-dollarization' and Treasuries' 'safe-haven' status. What could move markets tomorrow? * Japan Tankan non-manufacturing index (May) * Japan trade (April) * Indonesia interest rate decision * UK inflation (April) * U.S. 20-year Treasury note auction * ECB publishes Financial Stability Review * G7 finance ministers, central bank chiefs meeting inCanada Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (By Jamie McGeever; Editing by Nia Williams) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
