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US fiscal standoff: Could the nation default on its debt? | Business and Economy

Treasury Secretary Janet Yellen warns the US could default by early June if Congress doesn’t raise the debt ceiling.
The United States’ national debt is now six times what it was at the beginning of this century. Despite its growing liabilities, the country has never defaulted on its payments.
However, the US has reached its borrowing limit of $31.4 trillion. That means the government could run out of money to pay its bills in less than five months. It also forces Congress to raise or suspend the debt ceiling.
However, it is expected to be an uphill battle to get lawmakers to agree on the actions to be taken.
Elsewhere, Britain’s National Health Service is at a breaking point. Can it be reformed?
World
Philippine ferry fire leaves 31 dead, at least 7 missing, a governor says : Centre County Report


In this Philippine Coast Guard photo, a Philippine Coast Guard vessel trains its hose while attempting to extinguish the fire on the MV Lady Mary Joy in Basilan in the southern Philippines early Thursday March 30, 2023.
AP
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In this Philippine Coast Guard photo, a Philippine Coast Guard vessel trains its hose while attempting to extinguish the fire on the MV Lady Mary Joy in Basilan in the southern Philippines early Thursday March 30, 2023.
AP
MANILA, Philippines — A ferry carrying about 250 passengers and crew caught fire in southern Philippines and 31 people drowned or died in the blaze and were later discovered, a provincial governor said Thursday.
Many of those rescued jumped off the MV Lady Mary Joy 3 in panic at the height of the fire and were hauled out of the sea by the Coast Guard, the Navy, another ferry and local fishermen, said Gov. Jim Hataman of the southern island province of Basilan. Search and rescue efforts for at least seven missing passengers continued Thursday.
The burned ferry was towed to the Basilan coast, where coast guards and other authorities later discovered 18 other bodies in a budget area of the passenger cabin, Hataman said, adding that the search for the vessel is continuing.
“These victims died as a result of the fire on board,” Hataman said. The governor said an investigation was underway and the discovery indicated there were other travelers not listed on the ship’s manifest.
The ferry was en route from the southern port city of Zamboanga to Jolo Town in Sulu province when it caught fire halfway off Basilan around midnight, he said.
At least 23 passengers were injured and taken to hospitals.
“Some of the passengers were jolted out of their sleep due to the excitement caused by the fire. Some jumped off the ship,” Hataman told The Associated Press over the phone.
Maritime casualties are common in the Philippine archipelago due to frequent storms, poorly maintained boats, overcrowding, and patchy enforcement of safety regulations, particularly in remote provinces.
In December 1987, the Dona Paz ferry sank after colliding with a fuel tanker, killing more than 4,300 people in the world’s worst peacetime maritime disaster.
World
WSJ Moscow Bureau Correspondent Gershkovich Detained in Yekaterinburg Over Espionage, FSB Says

MOSCOW (Sputnik) – Evan Gershkovich, a correspondent for the Wall Street Journal’s Moscow bureau accredited to the Russian Foreign Ministry, has been arrested on suspicion of espionage in Yekaterinburg, Russia’s Federal Security Service (FSB) said on Thursday.
“Illegal activities of UA citizen Evan Gershkovich, born in 1991, accredited to the Russian Ministry of Foreign Affairs, correspondent for the Moscow office of the US newspaper The Wall Street Journal, who is suspected of spying for the US government, have been stopped,” the FSB said into a statement.
World
King Charles in Germany on first international visit as British monarch

King Charles III said he was “deeply touched” by the warm reception he received at an evening banquet with German officials on Wednesday on his first international visit as Britain’s new monarch.
Speaking to an audience at Bellevue Palace, which included German President Frank-Walter Steinmeier and former German Chancellor Angela Merkel, Charles pledged that during his reign he would do everything possible to strengthen “the links” between Britain and Germany.
He added that the two countries stand side by side in promoting their “common democratic values”.
“This is embodied so clearly today as we stand with Ukraine to defend freedom and sovereignty in the face of unprovoked aggression,” Charles said.
Charles and Queen Consort Camilla landed at Berlin Government Airport early Wednesday afternoon.
At an afternoon reception in Bellevue Palace, the official residence of the Federal President, Steinmeier called the visit “a great personal gesture”.
Charles originally planned to visit France before leaving for Germany, but the first leg of his trip was canceled due to massive protests on the French government’s efforts to raise the country’s retirement age by two years.
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