U.S. Economy

McCarthy unveils debt ceiling bill that aims to cut big parts of Biden’s agenda

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., on Wednesday released his plan to raise the debt ceiling by $1.5 trillion…

Biden slams McCarthy, tells him to ‘take default off the table’ in debt ceiling fight

President Joe Biden on Wednesday slammed House Republicans for flirting with defaulting on the national debt, saying America is not…

Supreme Court maintains full access to abortion pill mifepristone until at least Friday

Supreme Court Justice Samuel Alito on Wednesday issued an order allowing the abortion pill mifepristone to remain available by mail…

GOP debt limit strategy is flirting with default, top House Democrat says

WASHINGTON — The top Democrat in the House slammed Republicans’ plan to pass a bill later this month to suspend…

‘Manufactured’ debt ceiling crisis would damage U.S. economic rebound, key Treasury official says

WASHINGTON — A failure by Congress to raise the U.S. debt ceiling could spark a “manufactured” crisis that derails economic…

Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warns

The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now…

Texas mifepristone ruling threatens abortion access in states where procedure is legal, attorneys general say

Attorneys general for nearly half of U.S. states in a new court filing warn that a federal judge’s decision to…

Warren, AOC press top Silicon Valley Bank depositors about any cushy treatment they received

WASHINGTON — Two top progressive lawmakers questioned whether Silicon Valley Bank offered its largest depositors unusually cushy treatment, one month…

March’s banking chaos gave short sellers their biggest profits since the financial crisis

Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the…

Criminal marketplace Genesis seized by FBI in larger fight against state-backed cybercrime

Genesis Market, a Russia-linked marketplace where tens of millions of hacked accounts were sold to bad actors around the world,…