President Obama will announce on Wednesday that the U.S. and Cuba have reached an agreement to open embassies in Havana and Washington, an administration official has confirmed. The announcement marks a major step in ending hostilities between the longtime foes and an opportunity to re-establish formal diplomatic relations and apparently will be simultaneous from Havana.
Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras announced. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Tsipras underlined Greek deposits were safe.
Brazil's President Dilma Rousseff met Sunday with investors in New York on the first day of a long-delayed US visit aimed at overcoming strains caused by the NSA spying scandal. Revelations two years ago that the US National Security Agency electronically eavesdropped on Rousseff's email and other communications prompted her to angrily call off an official visit to Washington that had been set for October 2013.
The United States House of Representatives concluded a tumultuous three-week debate Thursday on trade when Democrats reversed themselves and approved a bill designed to provide financial help to US workers who can show they lost their job because of international trade.
The United States House of Representatives approved a controversial trade bill backed by President Obama, just a week after Democrats voted it down. The bill gives the president the right to negotiate global trade deals, with Congress only able to approve or reject a deal but not change it.
The U.S. House of Representatives on Friday dealt a stunning blow to President Barack Obama’s free-trade agenda. A large number of Democrats in the House defied their fellow Democratic president to defeat a critical part of a legislative package, Trade Adjustment Assistance (TAA), which would have provided aid to US workers who might lose their jobs if a major Asia-Pacific trade agreement is forged.
President Barack Obama weighed in on the deepening corruption scandal involving world soccer's governing body, saying it was essential that the sport's integrity be ensured.
Barack Obama has pressed David Cameron to maintain Britain's commitment to meeting the NATO target of spending 2% of GDP on defense. In talks at the G7 summit in Germany, the US President also said he was “looking forward” to Britain remaining in the European Union.
The US Senate has voted to limit the government's ability to collect phone data, a policy that had been in place since the attacks of 11 September 2001. The USA Freedom Act extends the government's ability to collect large amounts of data, but with restrictions.
The United States on Friday formally dropped Cuba from its list of state sponsors of terrorism, the US State Department said in a statement. The removal of Cuba from the US terrorism list eliminates an obstacle toward restoring diplomatic ties between the United States and the communist-led Caribbean island state after 54 years.