President Joe Biden hailed this week’s budget agreement as proof of his ability to secure hard-won bipartisan victories, telling the nation it saved the US from an “economic crisis” brought on by a first-ever debt default.
From Australian mining behemoths to Florida theme parks, investors are betting on whether companies will benefit or take a hit as extreme weather becomes the norm around the world due to climate change.
Blackstone Inc. and Goldman Sachs Asset Management are leading a £1.25 billion ($1.6 billion) direct lending deal to support EQT AB’s recent purchase of Dechra Pharmaceuticals, as private credit lenders further encroach on traditional debt markets.
A top Treasury Department official met Friday with China’s new ambassador to the US, part of a series of tentative, recent steps to revive high-level engagement between their two countries following a contentious period.
Peter Lake announced he will step down as chairman of the Public Utility Commission of Texas less than a week after lawmakers pushed through power-market reforms meant to prevent a repeat of the deadly February 2021 blackouts.
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