The US economy continues to expand and is now seeing tight labor markets and rising price pressures, as businesses nationwide have an upbeat outlook for 2017, the Federal Reserve said Wednesday. "Firms across the country and industries were said to be optimistic about growth in 2017," the Fed's Beige Book survey of the economy said. Most of the 12 Fed districts reported tighter labor markets, including increasing wages or trouble filling open positions, while price pressures have "intensified" since the last survey in November.
By Patricia Zengerle and Arshad Mohammed WASHINGTON (Reuters) - Donald Trump's pick for U.N. ambassador echoed his condemnation of the world body and pledged to push for reforms at her confirmation hearing on Wednesday, but broke from the president-elect on some foreign policy issues, including Russia. Nikki Haley, a rising star in the Republican Party, was questioned by some members of the Senate Foreign Relations Committee about her lack of diplomatic experience. Haley, who turns 45 on Friday when Trump takes office, has been governor of South Carolina since 2011.
Nigeria sent troops and fighter jets to Senegal in a show of military force Wednesday aimed at persuading Gambian President Yahya Jammeh to finally surrender power after an election defeat. Jammeh's mandate was due to end at midnight in Banjul but in recent weeks has steadfastly refused to leave office, prompting west African states to up the pressure on him after weeks of failed diplomacy. Jammeh lost the poll to outsider Adama Barrow, who is currently sheltering in Senegal.