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President Joe Biden’s staff negotiations with House Speaker Kevin McCarthy’s office on a spending package that would avert a US default are serious and continuing, National Economic Council Director Lael Brainard said Sunday as she repeated calls for Congress to lift the debt limit. → Read More
President Joe Biden hailed regulators for facilitating a deal for JPMorgan Chase & Co. to acquire First Republic Bank, saying it would help stabilize the US banking system and protect taxpayers. → Read More
The White House is narrowing its search for a nominee to become the next Federal Reserve vice chair, intending to swiftly replace Lael Brainard, who became President Joe Biden’s top economic adviser this week. → Read More
President Joe Biden named Federal Reserve Vice Chair Lael Brainard as his top economic aide, plucking away one of the central bank’s more dovish voices and creating a vacancy as it works to quash inflation. → Read More
The White House will end a pair of Covid-19 emergency declarations on May 11, the latest signal that the administration is winding down its fight against the virus. → Read More
House Republican leaders are considering proposing a short-term extension of the federal debt ceiling to delay the risk of a default until Sept. 30, according a person familiar with their deliberations, a step that would allow more time to resolve an impasse with Democrats. → Read More
President Joe Biden is set to name Jeff Zients as his next White House chief of staff Monday, according to people familiar with the matter, elevating the administration’s former Covid-19 czar to one of the highest-profile roles in Washington. → Read More
President Joe Biden’s chief of staff, Ron Klain, is preparing to leave his post in the coming weeks, a high-profile departure as the White House faces two years of a divided Congress and prepares for an expected reelection bid, people familiar with the matter said. → Read More
Bloomberg Wall Street Week, hosted by David Westin, is a reinvention of the iconic Wall Street Week, which aired on PBS for over 30 years and was hosted by late financial journalist Louis Rukeyser. The one-hour program features market and geopolitical discussions with a rotating panel of influential voices including thought leaders, CEOs, policy makers and economists. → Read More
Many of Donald Trump’s potential 2024 rivals and some top Republicans have fallen silent on the former president’s dinner with a notorious white supremacist, illustrating the party’s continuing struggle to escape his grasp. → Read More
President Joe Biden and his family are tackling a weighty question during their Thanksgiving holiday retreat to the chilly quiet of Nantucket: whether he’ll seek a second term in 2024. → Read More
President Joe Biden spoke Thursday with the owners of an LGBTQ nightclub in Colorado Springs where five people were killed in a mass shooting, offering a sign of support as he pushes to ban assault weapons. → Read More
House Democratic Whip James Clyburn, the congressman credited with reviving Joe Biden’s 2020 presidential campaign, is urging him to run for a second term. “Absolutely. I want to see him run again, I have told him that, but that decision is up to him and his family,” Clyburn said in an interview Wednesday with Joe Mathieu on Bloomberg Television’s “Balance of Power.” → Read More
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. → Read More
As they prepared for Joe Biden to travel to Asia this week, White House aides figured the trip would at least offer an escape for a beleaguered president: a little sun, sand and surf on the other side of the world, after what was expected to be a punishing midterm election for Democrats. → Read More
President Joe Biden said that he doesn’t believe Chinese President Xi Jinping plans an “imminent” attack on Taiwan, after a highly anticipated in-person meeting intended to stabilize a deteriorating relationship between the countries. → Read More
US President Joe Biden is expected to cross paths with Chinese Premier Li Keqiang at the East Asia Summit over the weekend, a precursor to his first in-person meeting with President Xi Jinping on Monday → Read More
President Joe Biden conceded that Democrats face long odds to keep control of the House of Representatives as counting continues in a series of races across the country. → Read More
The White House hasn’t decided whether it would pay $8 a month to maintain verification of its Twitter Inc. accounts. → Read More
Covid-19 vaccines will likely become an annual vaccination akin to the flu shot, President Joe Biden’s health advisers said as the administration urges Americans to seek out newly authorized booster shots tailored to fight the omicron subvariants that are now dominant. → Read More