Author: chicagoinquirer

by Tim Reynolds DENVER  — Nikola Jokic and the Denver Nuggets were facing some questions going into their first NBA Finals, and their answers came in resounding fashion. No, a week and a half off didn’t hurt them. And no, the NBA’s biggest stage isn’t too big, either. Jokic got a triple-double in his finals debut, Jamal Murray scored 26 points and the Nuggets had little trouble with the cold-shooting Miami Heat on the way to a 104-93 win in Game 1 on Thursday night. “I think that’s what the beauty of this team is,” Murray said. “We have so…

by Lisa Mascaro, Kevin Freking, Stephen Groves, Farnoush Amiri and Mary Clare Jalonick WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden’s desk to become law before the fast-approaching deadline. The compromise package negotiated between Biden and House Speaker Kevin McCarthy leaves neither Republicans nor Democrats fully pleased with the outcome. But the result, after weeks of hard-fought budget negotiations, shelves the volatile debt ceiling issue that risked…

by Christopher Weber LOS ANGELES  — A former Playboy model who alleges Bill Cosby drugged and sexually assaulted her and another woman at his home in 1969 sued him Thursday under a new California law that suspends the statute of limitations on sex abuse claims. In her lawsuit, Victoria Valentino, 80, says she was an actress and singer 54 years ago, when she met Cosby, now 85. The comedian and actor later approached her at a Los Angeles café, where he spotted her crying over the recent drowning death of her 6-year-old son. The Associated Press does not identify people who say…

by Collin Binkley WASHINGTON  — A Republican measure overturning President Joe Biden’s student loan cancellation plan passed the Senate on Thursday and now awaits an expected veto. The vote was 52-46, with support from Democratic Sens. Joe Manchin of West Virginia and Jon Tester of Montana as well as Arizona Sen. Kyrsten Sinema, an independent. The resolution was approved last week by the GOP-controlled House by a 218-203 vote. Biden has pledged to keep in place his commitment to cancel up to $20,000 in federal student loans for 43 million people. The legislation adds to Republican criticism of the plan, which was halted in…

by Lisa Mascaro, Kevin Freking, Stephen Groves and Fornoush Amiri WASHINGTON  — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent. The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act. Tensions ran high throughout the day as hard-right Republicans refused the deal, while Democrats said “extremist” GOP views were risking a debt…

by Agency reports KHARTOUM  -Sudan’s army suspended talks with a rival paramilitary force on Wednesday over a ceasefire and aid access, raising fears the six-week-old conflict will push Africa’s third largest country deeper into a humanitarian crisis. The armed forces said in a statement it halted talks in the Saudi city of Jeddah, accusing the other side of a lack of commitment in implementing any terms of the agreement and a continuous violation of the ceasefire. The negotiations with the Rapid Support Forces (RSF), which began in early May, had produced a declaration of commitments to protect civilians and two…

by Libby George LONDON  –     The Nigeria Sovereign Investment Authority (NSIA) expects to receive $100 million to $200 million this year from the government and the removal of fuel subsidies would boost the amount of cash available, its chief investment officer told a panel in London on Wednesday. Newly inaugurated President Bola Tinubu pledged to remove fuel subsidies, a popular but costly benefit that has drained millions annually from government coffers. Kola Owodunni, NSIA’s chief investment officer, told a panel at the Sovereign Wealth Fund Institute conference in London that the move would help bolster NSIA finances…

by Carien du Plessis JOHANNESBURG  –     South Africa is mulling its options over an International Criminal Court (ICC) arrest warrant for Russian President Vladimir Putin should he accept an invitation to a BRICS summit in August, a government official said on Wednesday. A member of the ICC, South Africa would theoretically be required to arrest Putin under the warrant issued in March by the court, which accused him of the war crime of forcibly deporting children from Russian-occupied territory in Ukraine. Moscow denies the allegations. However, South Africa had on Jan. 25 already invited Putin to the Aug.…

by Lisa Mascaro, Kevin Freking and Stephen Groves WASHINGTON  — Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote as President Joe Biden and Speaker Kevin McCarthy assemble a coalition of centrist Democrats and Republicans to push it to passage over fierce blowback from conservatives and some progressive dissent. Biden is sending top White House officials to meet early Wednesday at the Capitol to shore up support ahead of voting. McCarthy is working furiously to sell skeptical fellow Republicans, even fending off challenges to his leadership, in the rush to avert a potentially disastrous U.S.…

by Rachel Savage and Chijioke Ohuocha JOHANNESBURG/ABUJA  –     Nigeria’s sovereign dollar-denominated bonds rallied on Tuesday after new President Bola Tinubu said at his swearing-in that a costly fuel subsidy would be removed and the central bank should work towards a unified exchange rate. Rating agency Moody’s said Tinubu’s readiness to confront these issues was “credit positive” but warned they risked a transitional period of higher inflation, weaker economic activity and more social discontent. Eurobonds rose as much as 3 cents in the dollar, with the 2029 maturity at 87.25 cents by 1251 GMT. Its yield of 11.43% was…