Key takeaways: The White House Council of Economic Advisers (CEA) identified three potential scenarios of varying severity that could result from the current debt ceiling…
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The Federal Reserve has warned banks to be more conservative in their lending practices following the failure of three of the nation’s 30 largest banks in the last two months. Jerome Powell raised interest rates by 0.25% to a target range between 5.00% and 5.25%. PacWest Bancorp, a $44 billion bank, is now considering its strategic options, including a possible sale, a breakup, or trying to raise capital.
Key takeaways: Six people, including a convicted sex offender, were found dead on a rural property east of Henryetta, Oklahoma. All victims sustained between one…
The Florida State Legislature is set to end its session this week, with Republican allies of Governor Ron DeSantis having passed several bills that have been at the top of his agenda. These bills, which include a ban on diversity programs in colleges and a prohibition on students and teachers being required to use pronouns that don't correspond to someone's biological sex, have been met with both praise and criticism from lawmakers and citizens alike. Supporters of the bills argue that they are necessary to protect free speech and religious liberty, while critics argue that they are an attack on diversity and inclusion, and could lead to discrimination against members of the LGBTQ+ community. The bills are expected to be signed into law by Governor DeSantis, and will take effect in July.
Donald Trump will not present a defense in the civil trial on allegations he raped writer E. Jean Carroll in the 1990s, due to health issues preventing their expert witness from testifying. The jury did hear Trump deny the allegation in a 2018 audio recording, and Carroll's lawyers are set to finish presenting their case on Thursday. Trump's lawyers will then make closing arguments, and the jury will decide whether Trump defamed Carroll when he denied her allegation.
Divimara Lamar Nava was arrested in Montgomery County, Texas, on Wednesday morning for allegedly helping her husband, Francisco Oropesa, evade capture. Oropesa is the suspect in a shooting that left five people dead, including a nine-year-old boy. Nava was charged with "hindering the apprehension of a known felon" and is being held in the Montgomery County jail, while Oropesa is in police custody awaiting trial.
Key takeaways: The FDA has approved the world’s first vaccine for Respiratory Syncytial Virus (RSV) for adults aged 60 and up, made by GSK. The…
At least one person was killed and four others were injured in a shooting at an Atlanta medical facility on Wednesday, according to police. Police declared an "active shooter situation" and asked local residents to stay away from the area. Three victims were transported to the hospital and a fourth was pronounced dead at the scene, with no suspect in custody at this time.