Republicans Block Latest Effort by Democrats to Advance Debt-Ceiling Bill

Senate Minority Leader Mitch McConnell, citing Democrats' spending plans, objected to Senate Majority Leader Chuck Schumer's effort to allow passage on a simple majority vote. 


 
Stocks Fall Sharply as Bond Yields Hit Three-Month High

U.S. government bond yields rose amid inflation concerns and stocks tumbled as investors rotated out of interest-rate sensitive technology stocks. 


 
Yellen Says Treasury Could Exhaust Cash Reserves by Oct. 18 if Debt Limit Isn't Lifted

Treasury Secretary Janet Yellen testified with Fed Chairman Jerome Powell before lawmakers after Senate Republicans blocked a bill that would both fund the government and lift the borrowing limit. 


 
Progressives Split on Backing Thursday's House Infrastructure Vote

Democrats' powerful progressive bloc split over whether lawmakers should vote for a roughly $1 trillion bipartisan infrastructure package this week even if a larger education, healthcare and climate package remains in flux. 


 
Evergrande Seeks to Raise $1.55B From Shengjing Bank Stake Sale

China Evergrande Group is planning to raise nearly $1.55 billion by selling part of its stake in Shengjing Bank to a state-owned enterprise as part of efforts by the debt-laden conglomerate to meet its financial obligations. 


 
Citadel Securities Faces New Pressure Over GameStop Frenzy

Billionaire Ken Griffin's electronic trading firm is under fire again over its role in the January trading frenzy in shares of GameStop after new information surfaced in a lawsuit. 


 
Hidden Debt Plagues China's Belt and Road Infrastructure Plan, Studies Find

Research on Chinese projects launched under President Xi Jinping's international infrastructure-development program points to hidden debt, corruption scandals, labor violations and environmental risks. 


 
Evergrande Bondholders Mull Next Steps in Wake of Missed Payment

Foreign investors in the Chinese property giant's debt face the challenge of navigating an uncertain, complicated international restructuring. 


 
Warren Says She Will Vote Against Second Term for Fed's Powell

President Biden hasn't announced his pick to lead the central bank next year, and Democrats are split over Federal Reserve Chairman Jerome Powell's potential reappointment. 


 
SEC Taps Dan Berkovitz to Serve as General Counsel

A former aide to Chairman Gary Gensler, Berkovitz recently announced his departure from the Commodity Futures Trading Commission, where he has served as a commissioner since 2018.

(END) Dow Jones Newswires

09-28-21 2115ET