This Thursday, the Senate will hold a key procedural vote on a measure that would repeal the legal justifications used to attack Iraq in 1991 and 2003. The resolution is co-sponsored by Democratic Senator Tim Kaine of Virginia and Republican Senator Todd Young of Indiana, and if passed, it would be a major victory for those who have long sought to reassert Congress’s authority in military intervention abroad.
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The CDC has released preliminary data showing that the number of maternal deaths in the United States has dropped significantly from a six-decade high in 2021. Though the final number is likely to be higher, the maternal death rate is on track to get close to pre-pandemic levels. The CDC is urging pregnant women to take extra precautions to protect themselves and their babies during the pandemic, and is committed to providing the latest information and guidance to help protect them.
The U.S. military has released footage of a mid-air encounter between a Russian fighter jet and a US drone that ended with the drone crashing into the Black Sea, raising tensions between the two countries. The U.S. has called on Russia to investigate the incident and take steps to prevent similar incidents in the future, while a senior Russian official has said Moscow would try to recover the wreckage of the drone. U.S. Army Gen. Mark Milley has said the unmanned aerial vehicle had likely broken during the crash and whatever debris was left likely sank to a depth of thousands of feet in the Black Sea.
Credit Suisse, one of the world’s leading banking institutions, saw its shares soar by 30% on Thursday after announcing that it would be borrowing up to $54 billion from the Swiss central bank in order to shore up its finances. This was in response to its biggest shareholder not putting more money into the bank, causing its shares to plunge by 30% the day prior. The Swiss National Bank has provided the necessary funds to ensure Credit Suisse’s financial stability, helping to bolster confidence in the European banking system.
Credit Suisse, a banking giant, announced on Monday that they had borrowed $54 billion from Switzerland's central bank in an effort to ease mounting fears of a global banking crisis. US Treasury Secretary Janet Yellen and Credit Suisse CEO Ulrich Koerner both released statements reassuring the public that the banking system remains sound and that depositors' savings remain safe.
A federal judge in Texas heard arguments Wednesday in a case that could potentially threaten the most common form of abortion in the United States. U.S. District Judge Matthew Kacsmaryk heard arguments from the Alliance Defending Freedom lawyers to revoke or suspend the approval of the abortion medication mifepristone, which has been used by millions of American women for over two decades. Judge Kacsmaryk did not issue a ruling Wednesday, but the outcome of the case could have far-reaching implications for women’s reproductive rights in the United States.
The Swiss National Bank (SNB) and FINMA have jointly announced that Credit Suisse (CS) has met the necessary capital and liquidity requirements. This announcement comes after investors dumped shares in the Swiss bank due to a statement from its biggest backer, Saudi National Bank. The SNB and FINMA have also said that they are ready to provide financial support to Credit Suisse if needed, in order to restore confidence in the banking sector.
Exiled Chinese billionaire Guo Wengui has been arrested by federal authorities in New York on charges of fraud and money laundering. The U.S. Attorney's Office for the Southern District of New York alleges that Guo and an associate created a series of fraudulent businesses worth $1 billion, and the FBI is currently executing a search warrant at Guo's residence. This case is part of the U.S. government's efforts to combat financial crimes, particularly those committed by Chinese nationals.