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Also in this newsletter, Labour gains a low-key megadonor keen on helping it fight the next election
British prime minister looking to discuss ‘Cern-like’ body to conduct international research
Legislation heads to Biden for his signature just four days before Treasury deadline
The sooner America scraps its nonsensical debt ceiling the better
American investors fear a Biden-Trump rematch, but history may beat chatter when it comes to a third-party candidate
Republican Speaker Kevin McCarthy secures bipartisan support to send legislation to the Senate
Republican drama barely dents US president’s agenda
The legacy assets they retain may prove crucial to the country’s manufacturing
Centrists in both parties back agreement to raise borrowing limit despite opposition of hardliners
President accepts a compromise that could anger some Democrats in the hope of avoiding economic calamity
Biden and McCarthy agree on terms to raise borrowing limit but must still convince sceptical members of their parties
Negotiators hope to finalise a two-year deal in the coming days as default looms
Janet Yellen warns it is ‘highly likely’ the US will be unable to pay its bills by early June without action
President to meet House Speaker McCarthy on Monday as deadline to avoid default approaches
US president optimistic Beijing and Washington will move beyond row over ‘silly balloon’
Cutting Asia-Pacific trip short to avert domestic catastrophe underlines US president’s foreign policy weaknesses
European capitals concerned divisive Washington politics will jeopardise aid levels when $48bn package expires
Republicans criticise president for travelling to G7 summit in Japan during negotiations
Biden’s advanced age means his running mate in the 2024 election needs to be made ready for the presidency
We need to separate the surface argument from the underlying one in order to move forward
Jeffrey Katzenberg bats away concerns over president’s age after poll showing big lead for Trump
EPA proposal leans on carbon capture and hydrogen in regulations for coal and gas generators
First meeting with leaders fails to yield a breakthrough with weeks to go before country breaches borrowing limit
Biden refuses Republican preconditions for raising $31tn borrowing cap ahead of White House talks
Also, Ukraine is set to rain on Russia’s Victory Day parades, and Turkey goes to the polls for a crucial election
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