President Joe Biden said he is ready to work with Republicans after the GOP regained the House majority in the midterm elections.In a statement congratulating Kevin McCarthy on Republicans' victory, Biden said, "I am ready to work with House Republicans to deliver results for working families." "I will work with anyone - Republican or Democrat - willing to work with me to deliver results for them,...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.