May 25 Florida passes condo safety bill in wake of Surfside collapse By Associated Press A bill has been sent to Florida's governor that would require statewide recertification of condominiums over three stories tall, in response to the Surfside building collapse that killed 98 people. Continue reading
May 25 Watch 4:59 News Wrap: FDA acknowledges missteps in baby formula shortage News Wrap: U.S. Food and Drug Administration Commissioner Robert Califf acknowledged failings by his agency in the baby formula shortage, Ukraine President Volodymyr Zelenskyy said he would not trade land for peace with Russia, the U.S. and allies South Korea… Continue watching
May 25 WATCH: First Lady Jill Biden, Surgeon General Vivek Murthy welcome 2nd mass delivery of baby formula By Darlene Superville, Associated Press The first lady and the nation's doctor, Vivek Murthy, sought to reassure parents following the second delivery Wednesday of infant formula the Biden administration is importing from Europe to ease the domestic supply shortfall. Continue reading
May 25 Russia says it will pay foreign debt in rubles after ban from U.S. banks By Associated Press Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default. Continue reading
May 25 Fed officials signal rates may head to ‘restrictive’ levels to stabilize economy By Christopher Rugaber, Associated Press Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high. Continue reading
May 24 Delaware governor vetoes marijuana legalization bill By Randall Chase, Associated Press Tuesday's veto came after Carney's repeated concerns in recent years about legalizing recreational pot. Those concerns did not dissuade fellow Democrats from pushing the legislation through the General Assembly. Continue reading
May 24 WATCH: FDA officials, baby formula company executives face scrutiny over national shortage By Matthew Perrone, Associated Press The head of the Food and Drug Administration faced bipartisan fury from House lawmakers Wednesday over months of delays investigating problems at the nation's largest baby formula plant that prompted an ongoing shortage. Continue reading
May 24 U.S. to end Russia’s ability to pay off international debt By Ken Sweet, Fatima Hussein, Associated Press The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable. Continue reading
May 24 Safety rules keep competition out of infant formula market, set stage for shortages By Matthew Perrone, Associated Press A massive recall is getting most of the blame for the U.S. baby formula shortage, but experts say the products have long been vulnerable to this type of crisis. Continue reading
May 23 Californians could see mandatory water cuts amid continuing drought By Kathleen Ronayne, Associated Press The Democratic governor has called for a 15 percent voluntary reduction in water use but has so far avoided mandatory, sweeping cuts to water use. He may be changing his approach after water use went up dramatically in March. Continue reading