U.S. President Joe Biden and Vice President Kamala Harris meet with (L-R) Senate Minority Leader Mitch McConnell (R-KY), House Speaker Mike Johnson (R-LA), Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY), on February 27, 2024 at the White House in Washington, DC. Roberto Schmidt | Getty Images President Joe Biden on … Read more
The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Word that Taylor Swift and Travis Kelce had been seen on the marina of this tiny speck (5 square miles) of an island … Read more
The fate of the U.N. agency dedicated to Palestinian refugees hangs in the balance as U.S. lawmakers prepare to vote on a batch of spending bills that, if passed, would suspend direct funding to the agency for at least a year. The U.N. agency, known by its shorthand UNRWA, was first established in 1949 to … Read more
A family walks past a store advertising a Black Friday sale near Pentagon City Mall in Arlington, Virginia, on November 22, 2023. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-reynolds | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC … Read more
WARSAW, Poland — Poland’s president on Monday called on other members of the NATO alliance to raise their spending on defense to 3% of their gross domestic product as Russia puts its economy on a war footing and pushes forward with its invasion of Ukraine. President Andrzej Duda made his call in remarks directed at … Read more
Presumptive Republican presidential nominee Donald Trump opened the door Monday to “cutting” spending under Social Security and Medicare, drawing swift pushback from President Joe Biden and elevating a key policy battle in the 2024 election. Phoning into CNBC’s “Squawk Box,” Trump was pressed on how he plans to resolve the long-term solvency problems of Social … Read more
U.S. President Joe Biden delivers the State of the Union address to a joint session of Congress in the House Chamber of the U.S. Capitol in Washington, U.S., March 7, 2024. Elizabeth Frantz | Reuters President Joe Biden on Saturday signed a $460 billion spending bill into law, averting a partial government shutdown that would … Read more
Missiles on the background of the Chinese flag Anton Petrus | Moment | Getty Images China is set to increase its defense spending by 7.2% to 1.67 trillion yuan in 2024, according to a budget report released by the Ministry of Finance, as part of the country’s annual parliamentary meetings in Beijing. This year’s military … Read more
Germany’s defense minister said on Saturday that his country’s commitment to spend 2% of GDP on defense was just the starting point and that more would likely be needed. Earlier in the day, German Chancellor Olaf Scholz insisted that the 2% spending target would be met “in the 2020s, in the 2030s and beyond.” However, … Read more
German Chancellor, Olaf Scholz arrives for the weekly federal government cabinet meeting on Oct. 11, 2023 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images MUNICH, Germany — German Chancellor Olaf Scholz on Saturday reaffirmed Berlin’s commitment to spend 2% of the national gross domestic product (GDP) on defense, this year and … Read more