May 09 WATCH: McCarthy says he 'didn't see any new movement' on debt ceiling after meeting with Biden By Zeke Miller, Seung Min Kim, Josh Boak, Lisa Mascaro, Associated Press House Speaker Kevin McCarthy says after meeting with President Joe Biden and other Democrats that he "didn't see any new movement" toward ending a months-long impasse over raising the nation's borrowing limit. Continue reading
May 09 FTX founder Sam Bankman-Fried seeks dismissal of criminal charges By Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues. Continue reading
May 09 Goldman Sachs settles gender discrimination suit for $215 million By Michelle Chapman, Associated Press The lawsuit, initially filed in September 2010, was set to go to trial next month. The plaintiffs in the case are women who worked for Goldman as an associate or vice president in the U.S. in the investment banking, investment… Continue reading
May 08 From data privacy to AI, here are new rules Congress is considering for tech companies By Mary Clare Jalonick, Associated Press Most Democrats and Republicans agree that the federal government should better regulate the biggest technology companies, particularly social media platforms. But there is very little consensus on how it should be done. Continue reading
May 08 Americans bet $220 billion on sports in 5 years since legalization By Wayne Parry, Associated Press Americans have bet over $220 billion on sports with legal gambling outlets in the five years since the U.S. Supreme Court cleared the way for all 50 states to offer it. Continue reading
May 08 Lawsuit calls on Treasury Secretary Yellen to ignore 'unconstitutional' debt limit By Christopher Rugaber, Fatima Hussein, Associated Press A union of government employees has sued Treasury Secretary Janet Yellen and President Joe Biden to try to stop them from complying with the law that limits the government's total debt, which the lawsuit contends is unconstitutional. Continue reading
May 08 WATCH: Biden announces new rules to protect airline passengers for cancellations, delays By David Koenig, Associated Press President Joe Biden said Monday his administration will write new regulations that will require airlines to compensate air travelers and cover their meals and hotel rooms if they are stranded for reasons within the airline's control. Continue reading
May 07 Yellen warns of economic 'calamity' if Congress doesn't raise debt limit By Zeke Miller, Associated Press Treasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation's borrowing limit of $31.381 trillion in the coming weeks. Continue reading
May 05 Watch 6:15 Jobs report shows strong employment growth but many still choosing gig economy By Paul Solman, Ryan Connelly Holmes The U.S. labor market is again showing signs of resilience and unexpected strength amid other economic clouds. The latest report found job growth higher than expected in April with 253,000 new jobs spread throughout many sectors of the economy. Paul… Continue watching
May 05 TurboTax customers to receive restitution checks for $141M settlement By Wyatte Grantham-Philips, Associated Press Those impacted were low-income consumers eligible for free, federally-supported tax services — but paid TurboTax to file their federal returns across the 2016, 2017 and 2018 tax years due to “predatory and deceptive marketing.”… Continue reading