Policy Update

Debt-limit update | Reports Fed watches signal another 25bp hike in rates | Iran seizes oil
House clears debt-limit measure with ball now in White House, Senate Democrats’ court
China leader Xi calls Ukraine’s president | Russia again comments on Black Sea grain pact
Biden officially announces re-election in 3-minute taped message with focus on Trump
China cancels prior buy of U.S. corn | China walks back ambassador’s remarks on post-Soviet statehood
Biden to announce bid for re-election | Key U.S. economic reports | Farm bill update
Yellen on China | CBO updated forecasts May 12 | House debit-limit plan vote next week
House Republicans searching for debt limit measure votes as plan is unveiled
World’s first carbon import tax approved by EU lawmakers
China’s Q1 GDP beats expectations | Leaders in meat exports | USDA data users’ confab