May 01 Treasury Secretary Yellen says U.S. could hit debt ceiling as soon as June 1 By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then. Continue reading
May 01 Why Hollywood writers might go on strike, and what it means for your favorite shows By Andrew Dalton, Associated Press It would be the first writers’ strike — and the first Hollywood strike of any kind — in 15 years. Continue reading
May 01 WATCH: Biden takes jab at McCarthy over debt plan during remarks for National Small Business Week By News Desk In his White House speech celebrating small businesses, Biden portrayed the House Republicans' plan as an attempt to extort spending cuts from the administration by putting the federal government at risk of default. Continue reading
May 01 First Republic Bank seized, sold to JPMorgan Chase in 2nd-biggest failure in U.S. history By Ken Sweet, Associated Press Regulators have seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S. First Republic on Monday becomes the… Continue reading
Apr 28 Canada makes new contract offer to thousands of striking public workers By Associated Press Canada's government has made a new contract offer to the country's biggest public workers union as thousands of federal employees remained on strike Friday for a 10th day. Continue reading
Apr 28 Watch 6:08 Fed blames mismanagement and oversight failures for Silicon Valley Bank collapse By William Brangham, Dorothy Hastings The Federal Reserve issued a stinging report on the historic collapse of Silicon Valley Bank. The analysis notes that while the collapse was a “textbook case of mismanagement” by bank officers, the Fed said its regulators missed clear danger signs… Continue watching
Apr 28 House votes to reinstate solar panel tariffs paused by Biden By Matthew Daly, Associated Press The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries. President Joe Biden paused them in a bid to boost solar panel installations in the U.S., a key part of his climate agenda. Continue reading
Apr 28 Climate activists stage over a week of road blockages in Berlin By Frank Jordans, Associated Press Members of the Last Generation group glued themselves to the road and caused long traffic jams for commuters. The group has acknowledged that its protests are provocative but argues that creating friction can encourage debate about climate change. Continue reading
Apr 28 In drought-stricken Arizona, fresh scrutiny of Saudi Arabia-owned farm’s water use By Suman Naishadham, Associated Press In Arizona, worsening drought has brought renewed attention to a farm owned by a Saudi Arabian company and whether the state should be doing more to protect its groundwater resources. Continue reading
Apr 28 Fed faults Silicon Valley Bank executives, itself in bank failure By Christopher Rugaber, Ken Sweet, Associated Press Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve says in a highly-anticipated review of how the central bank failed to properly supervise the bank before it… Continue reading