May 18 Here’s why a government default could be worse than a government shutdown By Fatima Hussein, Associated Press All the hand-wringing over a potential government default if Congress doesn't increase the national debt limit has conjured up images of past government shutdowns. Continue reading
May 18 Your financial accounts are safe, experts say. Here’s what protects them By Hannah Grabenstein With recent bank failures, rising interest rates and the looming debt ceiling collision that threatens to push the U.S. into a potential recession, it’s natural to feel some financial anxiety and wonder if your money is secure. Continue reading
May 18 WATCH: House Democrats leader Jeffries holds news briefing amid debt ceiling negotiations By Lisa Mascaro, Associated Press President Joe Biden and McCarthy both tapped their top representatives to work more furiously ahead of a deadline as soon as June 1. That's when the U.S. could run out of funds to pay its obligations, sparking an economic crisis. Continue reading
May 18 Sam Zell, billionaire real estate investor, dies at 81 By Associated Press Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student. Continue reading
May 18 As high inflation continues, split on strategy among Federal Reserve officials By Christopher Rugaber, Associated Press The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unleashed a streak of 10 straight… Continue reading
May 17 Montana becomes 1st state to completely ban TikTok By Amy Beth Hanson, Haleluya Hadero, Associated Press The law is expected to face legal challenges and become a testing ground for whether it's possible for a TikTok-free America many national lawmakers have envisioned. Continue reading
May 17 Who are the 4 negotiators in the U.S. debt limit fight? By Seung Min Kim, Kevin Freking, Associated Press President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation's borrowing authority and avoid the economic carnage that would ensue if a deal is not… Continue reading
May 17 EPA rule would force clean-up of toxic waste dumped near coal power plants By Matthew Daly, Associated Press EPA Administrator Michael Regan said the plan would hold polluters accountable for controlling and cleaning up coal ash, a byproduct of burning coal that can pollute groundwater, drinking water and air and has been linked to cancer and other health… Continue reading
May 17 Twitter is purging inactive accounts including people who have died, angering those still grieving By Wyatte Grantham-Philips, Associated Press The move caused outrage among people fearing they could lose tweets from now-inactive accounts, including those belonging to users who have died. Continue reading
May 17 Musk tells Tesla shareholders he’s not stepping down as CEO, considering advertising By Associated Press Elon Musk has dismissed speculation that he might step down as Tesla's CEO. "Say it ain't so," a shareholder asked Musk during Tesla's annual meeting Tuesday about stepping down as the electric car and solar panel company's leader. "It ain't… Continue reading