United States congressional leaders have agreed on a budget deal to fund the US government for the rest of the fiscal year, just before a midnight deadline. It will reportedly cut 39 billion USD from the budget over last year's levels between now and 30 September.
The US State Department released its annual report on human rights around the world and questioned the Argentine judicial system’s independence along with a series of abuses carried out by police forces including deaths and torture claims.
The United States expelled on Thursday Ecuador’s ambassador to Washington in retaliation for the expulsion of the top US diplomat in Quito. Within hours, Ecuador’s President Rafael Correa accused the US of infiltrating his country’s police.
White House officials said the United States and Colombia have reached a deal on a free trade agreement. President Barack Obama and Colombian President Juan Manuel Santos are to meet Thursday to discuss the deal.
Members of the US Federal Reserve are in sharp disagreement about how to address rising prices. The bank might need to tighten the reins on the economy before the end of the year to stave off inflation, said some members of the central bank's policy-setting body.
The increase in the Mexican IMEF manufacturing index last month suggests that the industrial sector has continued to benefit from stronger demand in the US, points out Capital Economics.
Ecuador is expelling the U.S. ambassador over a 2009 diplomatic cable released by WikiLeaks in which the diplomat accused the country’s former police chief of corruption.
President Barack Obama launched on Monday his 2012 re-election campaign, framing his final stint as a candidate as an effort to cement and expand the policies he has enacted from the White House.
United States will reach its 14.29 trillion US dollars legal debt limit no later than May 16 unless Congress acts before then, Treasury Secretary Timothy F. Geithner said on Monday warning of “severe hardship” if lawmakers fail to act.
Barack Obama is likely to announce plans next week to run for re-election and file campaign papers with the Federal Election Commission as early as Monday, a Democratic official said.