May 03 Syrian and Iranian leaders sign long-term oil and trade agreements, bolstering economic ties By Albert Aji, Kareem Chehayeb, Associated Press The presidents of Iran and Syria have signed a series of long-term trade agreements in Damascus to bolster economic ties between the two allies. Continue reading
May 03 WATCH: Federal Reserve Chair Jerome Powell speaks on latest interest rate hike By Christopher Rugaber, Associated Press The Fed's efforts have only partly succeeded in taming the worst inflation bout in four decades, and the surge in rates has contributed to the collapse of three large banks and turmoil in the banking industry. Continue reading
May 02 5 things to know about the debt ceiling crunch By Lisa Desjardins A great many words will be said in the coming days about what should happen now after the Treasury Department revised the debt limit deadline. Here's what you should know. Continue reading
May 02 Opponents make last-ditch effort to stop French pension change as protests continue By Sylvie Corbet, Associated Press Opponents of a law that would raise the retirement age in France from 62 to 64 are making last-ditch plans to prevent the change. The country's main labor unions on Tuesday called for another round of nationwide demonstrations and strikes… Continue reading
May 02 U.S. job openings dip to 9.6 million as interest rates cool labor market By Paul Wiseman, Associated Press U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. Continue reading
May 01 Watch 5:38 Economic concerns grow as First Republic Bank becomes 3rd major bank to fail this year By Amna Nawaz, Dorothy Hastings The third major bank failure of the year has shaken the U.S. banking system. Federal regulators announced Monday that they seized First Republic Bank and accepted JPMorgan Chase's bid to buy the failed bank’s deposits and most of its assets. Continue watching
May 01 AP report: Biden calls on congressional leaders to meet on May 9 as debt ceiling fight continues By Josh Boak, Lisa Mascaro, Associated Press President Joe Biden has phoned all four Congressional leaders and invited them to a May 9 meeting at the White House — a sign of the rising pressure to raise the debt cap as the Treasury Department is warning of… Continue reading
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