Business Highlights: Debt limit measures, climate Twitter – mySA

WASHINGTON (AP) — The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion. Treasury Secretary Janet Yellen sent a letter to congressional leaders Thursday urging them to act to raise the debt limit. Friction between President Joe Biden and House Republicans … Read more

P&G ups sales outlook but higher costs hit 2Q profits – mySA

NEW YORK (AP) — Procter & Gamble Co., the maker of Crest toothpaste and Charmin toilet paper, raised its full-year sales outlook, though the consumer products giant cautioned that higher commodity prices continue to squeeze profits. The upgraded outlook, issued Thursday, came as the Cincinnati-based company reported lower fiscal second-quarter earnings and sales from a … Read more