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AP News | Equities.com |

The White House said Monday that President Joe Biden is awaiting an infrastructure counteroffer from Senate Republicans after a core group of GOP negotiators rejected his latest $1.7 trillion proposal, leaving the fragile talks on a compromise at a standstill before a Memorial Day deadline.

White House Press Secretary Jen Psaki said the president is “eager to engage” and would welcome more talks with the senators. But she said the Republicans have “a ways more to go” to find common ground. Biden dropped $500 billion from his initial $2.3 trillion offer, and Psaki said the Republicans raised their $568 billion offer by about $50 billion. Republicans have rejected Biden’s plan to pay for the road and broadband spending with a corporate tax increase.


AP News | Equities.com |

Gordon Sondland, the Trump administration’s ambassador to the European Union and a pivotal witness in 2019 impeachment proceedings, sued former Secretary of State Mike Pompeo on Monday in an effort to recoup $1.8 million he racked up in legal expenses.

Sondland alleges in the lawsuit, filed in federal court in Washington, that Pompeo had committed to reimburse his legal expenses after he was subpoenaed by House Democrats to testify in an impeachment case that accused then-President Donald Trump of withholding military aid from Ukraine while demanding an investigation into political rival Joe Biden and his son Hunter.


AP News | Equities.com |

Israel and Hamas agreed to a cease-fire Thursday, halting a bruising 11-day war that caused widespread destruction in the Gaza Strip, brought life in much of Israel to a standstill and left more than 200 people dead.

At 2 a.m. local time, just as the cease-fire took effect, frenzy life returned to the streets of Gaza. People went out of their homes, some shouting “Allahu Akbar” or whistling from balconies. Many fired in the air, celebrating the truce.


Reuters | Equities.com |

U.S. Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they pose risks to financial stability, and indicating that greater regulation of the increasingly popular electronic currency may be warranted.

The Treasury Department, meanwhile, flagged its concerns that wealthy individuals could use the largely unregulated sector to avoid tax and said it wanted big crypto asset transfers reported to authorities.


AP News | Equities.com |

A detention facility in Georgia where women claim they were subjected to unwanted medical procedures and a Massachusetts jail that has drawn complaints of inhumane conditions will no longer be used to detain immigrants, the Biden administration said Thursday.

The Department of Homeland Security said it would terminate contracts with the local government agency that runs the detention center in North Dartmouth, Massachusetts, and with the private operator of the Irwin County Detention Center in Georgia.


AP News | Equities.com |

China has highlighted an unlikely series of videos this year in which Uyghur men and women deny U.S. charges that Beijing is committing human rights violations against their ethnic group. In fact, a text obtained by the AP shows that the videos are part of a government campaign that raises questions about the willingness of those filmed.

Chinese state media have published dozens of the videos praising the Communist Party and showing Uyghurs angrily denouncing former U.S. Secretary of State Mike Pompeo for declaring a genocide in the far west Xinjiang region. The videos, which officials have insisted are spontaneous outpourings of emotion, have also featured prominently in a series of government news conferences held for foreign media.


Reuters | Equities.com |

U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry.

The legislation, seen by Reuters, would impose a tax incentive of up to $2.00 for every gallon produced of sustainable aviation fuel, which can be made from feedstocks such as grease, animal fats and plant oils. That price would make it one of the most expensive subsidies for clean fuel.


Kimberly Redmond | Equities.com |

With much of Japan still under a state of emergency due to a spike in COVID-19 infections, a group representing 6,000 physicians in Tokyo has called for the cancellation of the upcoming Summer Olympics.

In an open letter to Japanese Prime Minister Yoshihide Suga, the Tokyo Medical Practitioners Association wrote that hospitals “have their hands full” and almost no capacity left to handle a potential outbreak triggered by the international sporting event.


Kimberly Redmond | Equities.com |

Complaints regarding online scams and investment fraud have reached record-breaking levels, according to the Federal Bureau of Investigation (FBI).

The FBI’s Internet Crime Complaint Center (IC3) has logged one million complaints in the last 14 months, bringing the total number of crimes reported to six million.


AP News | Equities.com |

Israeli Prime Minister Benjamin Netanyahu vowed Wednesday to press ahead with a fierce military offensive in the Gaza Strip, pushing back against calls from the United States to wind down the operation that has left hundreds dead.

Netanyahu’s tough comments marked the first public rift between the two close allies since the fighting began last week and could complicate international efforts to reach a cease-fire. His pushback also plunges the pair into a difficult early test of the U.S.-Israel relationship.