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
May 23 Zelenskyy calls for 'maximum' sanctions on Russia in virtual speech at Davos By Jamey Keaten, Associated Press Ukrainian President Volodymyr Zelenskyy is calling for "maximum" sanctions against Russia during a virtual speech at the World Economic Forum gathering in Davos, Switzerland. Continue reading
May 22 Taiwan left out of Biden's new Indo-Pacific pact By Aamer Madhani, Josh Boak, Associated Press The framework is meant to establish Biden’s economic strategy for the region. Inclusion of the self-ruled island of Taiwan, which China claims as its own, would have irked Beijing. Continue reading
May 22 World Economic Forum returns in Davos after pandemic pause By Jamey Keaten, Masha Macpherson, Associated Press Forum organizers have their work cut out for them with soaring food and fuel prices, Russia's war in Ukraine, climate change, drought and food shortages in Africa, yawning inequality between rich and poor, and autocratic regimes gaining ground in some… Continue reading
May 20 Watch 5:25 Investors scramble as the S&P 500 dives into bear market territory Financial markets closed out the week with yet another head-spinning day, with one of the main indexes, the S&P 500, plunging for almost three hours into bear market territory, signifying a drop of 20 percent or more from its prior… Continue watching
May 20 Watch 9:10 Calls for Biden to cancel the widespread financial burden of student debt grow louder President Biden has indicated he will soon announce a decision on whether he will cancel $10,000 in student debt for college graduates. It’s a decision being widely anticipated but also much debated over its scope and merits. Katherine Welbeck of… Continue watching
May 20 New Orleans hopes giving young people a guaranteed monthly income can break the cycle of poverty By Roby Chavez New Orleans has launched a first-of-its-kind program that provides monthly payments to teens as young as 16 years old. For the next 10 months, 125 participants ages 16 to 24 will get $350 a month with no strings attached as… Continue reading