May 26 Watch 5:17 Debt ceiling deadline now June 5, giving more time for negotiations By Geoff Bennett, Kyle Midura Ten days now stand between the U.S. and a catastrophic default on debt. Treasury Secretary Janet Yellen's new estimate moves the so-called "X-date" back to June 5. Even if lawmakers were to reach a deal Friday night, they still may… Continue watching
May 26 Regulators take aim at rapidly developing AI technology to protect consumers and workers By Cora Lewis, Associated Press The Consumer Finance Protection Bureau says it will hold companies responsible for using the technology in ways that comply with existing regulation. Continue reading
May 26 Yellen says debt ceiling deadline is extended to June 5 By Lisa Mascaro, Seung Min Kim, Kevin Freking, Associated Press House Speaker Kevin McCarthy and debt ceiling negotiators have hit "crunch" time as they strain to make a deal with the White House to raise the nation's debt limit, avert default and cut federal spending. Continue reading
May 26 Disney opposes Ron DeSantis request to disqualify judge in free speech lawsuit By Mike Schneider, Associated Press Disney says in the lawsuit filed against DeSantis that it was punished for speaking out against Florida legislation that critics have dubbed "Don't Say Gay."… Continue reading
May 26 Court says Credit Suisse owes millions to Georgia's billionaire former prime minister By Courtney Bonnell, Associated Press A Singapore court says Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager. Continue reading
May 26 Britain's Treasury chief says that recession may be necessary to lower inflation By Pan Pylas, Associated Press Following higher-than-anticipated inflation figures this week, Jeremy Hunt says it's necessary to prioritize measures to slow the pace of price increases. Continue reading
May 26 Flight cancellations, labor strikes raise fears of summer travel chaos in Europe By Kelvin Chan, Danica Kirka, Associated Press British Airways canceled dozens of flights Friday, blaming computer problems for disrupting plans for thousands of passengers at the start of a busy holiday weekend — a rocky kickoff to the summer travel season in Europe. Continue reading
May 26 Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceiling By Chris Megerian, Josh Boak, Zeke Miller, Mary Clare Jalonick, Associated Press Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal that could unlock a vote for lifting the nation’s debt ceiling. Continue reading
May 25 Threat of America's credit downgrade looms over debt ceiling talks By Paul Wiseman, Christopher Rugaber, Associated Press With one of three major rating agencies warning that America's AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit. Continue reading
May 25 Watch 6:50 Debt ceiling negotiations see progress, but deal to avoid default remains elusive By Geoff Bennett, Lisa Desjardins With the U.S. potentially just one week away from defaulting on its debts, members of Congress are leaving town for the Memorial Day break without a deal. The White House and House Republicans are continuing to negotiate. Lisa Desjardins reports… Continue watching