PRESS DIGEST- New York Times business news - May 19
May 19 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories, and does not vouch for their accuracy.
- A key House panel has advanced President Trump’s $3.8 trillion tax-and-spending bill after conservative Republicans, still pushing for deeper cuts to Medicaid and clean energy, allowed it to proceed by voting “present,” signaling ongoing internal GOP tensions ahead of a full House vote.
- Supermarket chain Publix has voluntarily recalled pouches of baby food sold in its stores after routine testing found it may be contaminated with lead, according to the company.
- The United States’ loss of its last triple-A credit rating and mounting concerns about government debt are threatening to disrupt the relative calm in financial markets that has prevailed since President Trump began pausing tariffs early last month.
- South African President Cyril Ramaphosa will visit the White House this week to challenge President Trump’s claims of Afrikaner persecution and refugee status, while also promoting trade ties, proposing Tesla and SpaceX ventures, and addressing tensions over Israel, Gaza, and U.S. aid cuts.
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