21Globe - News

Senate Votes to End COVID-19 National Emergency Declaration Early

30 March, 2023

US News - The Senate adopted a resolution to end the national emergency declaration related to COVID-19 on Wednesday, sending it to President Joe Biden who is expected to sign it. In a 68-23 roll call vote, several Democrats crossed the aisle to support the measure, H.J. Res.7, which was adopted by ...

'The post-antibiotic era': WHO warns of too few new drugs for deadly superbugs

29 March, 2023

NBC News - Late last year, one of Dr. Vance Fowler’s patients — a man in his 60s who’d returned to North Carolina from visiting his family in Nepal — died of a bacterial infection. He’d been treated at a top U.S. hospital with access to the strongest antibiotics. But the infection, a drug-resistant ...

Nashville school shooter was transgender, had ‘manifesto,’ police say

28 March, 2023

Washington Times - A heavily armed woman killed three 9-year-olds and three adult staffers Monday at a private Christian school in Nashville before police shot her dead, in a rare mass shooting carried out by a female suspect. Police said shooter Audrey E. Hale, 28, a transgender person who identifi...

Flights grounded, labor union strike: backlash to Netanyahu's Israel reforms int…

27 March, 2023

USA TODAY - Israeli labor unions launched a nationwide strike, malls and ports were closed and airlines were grounded, as opposition to Prime Minister Benjamin Netanyahu’s plan to overhaul the judiciary threatened to impact the nation's economy.

Banking stress puts U.S. and Europe on watch for credit crunch

26 March, 2023

WASHINGTON/FRANKFURT, March 26 (Reuters) - Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said on Sunday, as a European Central Bank official also flagged a possible tightening in lending.

23 dead as 'destructive' tornado, storms batter Mississippi

25 March, 2023

ABC News - At least 23 people died as a "destructive" tornado and strong thunderstorms swept across Mississippi late Friday, leaving a trail of damage for more than 100 miles, local and federal authorities said. Search and rescue operations were underway in Sharkey and Humphreys counties, Mississipp...

U.S. and China wage war beneath the waves – over internet cables

24 March, 2023

Reuters - It started out as strictly business: a huge private contract for one of the world’s most advanced undersea fiber-optic cables. It became a trophy in a growing proxy war between the United States and China over technologies that could determine who achieves economic and military dominance f...

TikTok Chief to Testify in Congress as U.S. and China Duel Over Tech

23 March, 2023

New York Times - Shou Chew’s first appearance before U.S. lawmakers on Thursday comes as their distrust of the video app’s Chinese ownership has escalated.

Fed raises key rate by quarter-point despite bank turmoil

22 March, 2023

WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.

Treasury Secretary Yellen says the government could backstop more deposits if ne…

21 March, 2023

CNBC - Treasury Secretary Janet Yellen said Tuesday the government is ready to provide further guarantees of deposits if the banking crisis worsens. In remarks prepared for a speech to the American Bankers Association, the former Federal Reserve chair said authorities believe they have taken appropr...

Global markets are falling despite action by the Fed and other central banks

20 March, 2023

CNN - Global markets are falling Monday despite coordinated action by the Federal Reserve and other leading central banks to keep dollars flowing around the financial system. he US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of ...

UBS eyes takeover of Credit Suisse as fears of banking contagion mount

18 March, 2023

March 18 (Reuters) - UBS AG (UBSG.S) was mulling a takeover of its embattled Swiss peer Credit Suisse (CSGN.S) on Saturday, sources said, which could allay fears that an unfolding crisis at the bank might destabilise the global financial system.

'Back to one meal a day': SNAP benefits drop as food prices climb

17 March, 2023

NPR - The assistance programs of the pandemic era were working — not just to uphold communities affected by COVID-19, but as examples of how long-standing issues like food insecurity and unstable incomes could be addressed as a whole.

First Republic falls 30% as regional bank stocks continue to sink

16 March, 2023

CNBC - Shares of First Republic and several other regional banks were under pressure again on Thursday, as the Swiss National Bank’s move to shore up Credit Suisse did little to calm fears about more mid-sized bank failures in the U.S. First Republic fell more than 30% in premarket trading. PacWest ...

Stocks fall sharply as bank fears consume global markets

15 March, 2023

CNN - US stocks tumbled as investors fear the banking sector may have yet more problems to overcome. Credit Suisse's shares fell sharply after the Saudi National Bank said it would not invest any more in the troubled Swiss bank.

SVB shockwaves rattle global banks in grip of contagion fears

14 March, 2023

March 14 (Reuters) - Silicon Valley Bank's collapse pressured global bank stocks further on Tuesday as investors fretted over the financial health of some lenders, in spite of assurances from U.S. President Joe Biden and other policymakers. An indicator of credit risk in the euro zone banking system...

Amid crisis, Biden tells Americans 'banking system is safe'

13 March, 2023

ABC News - President Joe Biden spoke out Monday morning in an effort to reassure Americans there is no need for panic after federal agencies stepped in following the failures of two big banks over the weekend.

Regulators Face Urgent Task to Stem Spread From Silicon Valley Bank

12 March, 2023

WSJ - Bank regulators were racing over the weekend to sort out Friday’s stunningly hasty collapse of Silicon Valley Bank and are facing high stakes as they try to shield the banking system from wider fallout.

Silicon Valley Bank's demise began with downgrade threat

11 March, 2023

March 11 (Reuters) - In the middle of last week, Moody's Investors Service Inc delivered alarming news to SVB Financial Group (SIVB.O), the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit. That phone call, described by two people familiar with the situati...

Europe's banks sucked into global rout as high rates reality hits home

10 March, 2023

LONDON/FRANKFURT, March 10 (Reuters) - European bank shares tumbled on Friday in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be vulnerable to the rising cost of money. Europe's STOXX banking index (.SX7P) fell more than 4%, set for its biggest one-day slide...

Biden launches battle on Capitol Hill with call for Medicare tax hike

08 March, 2023

The Hill - President Biden fired the opening shots of the battle over spending and taxes that will consume Capitol Hill this year when he proposed on Tuesday a 5 percent Medicare surtax on people who earn more than $400,000 a year.

Senate will grill Powell over Fed efforts to tame inflation

07 March, 2023

WASHINGTON (AP) — If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday.

Chinese minister warns China, US on course for conflict

07 March, 2023

BEIJING (AP) — Chinese Foreign Minister Qin Gang warned Tuesday that Beijing and Washington are headed for “conflict and confrontation” if the U.S. doesn’t change course, striking a combative tone at a moment when relations between the rivals are at a historic low.

More teachers quitting than usual, driven by stress, politics

06 March, 2023

USA TODAY - The data is in: More teachers than usual exited the classroom after last school year, confirming longstanding fears that pandemic-era stresses would prompt an outflow of educators. That’s according to a Chalkbeat analysis of data from eight states – the most comprehensive accounting of r...

A center is helping war-torn Ukrainians focus solely on mental health

05 March, 2023

USA TODAY - Making his daily rounds, Dr. Oleh Berezyuk admittedly tried his hardest to downplay Feb. 24 as just another day. The psychiatrist and psychotherapist didn’t want to appear somber or overly reflective on the one-year mark of the unprovoked Russian invasion of Ukraine. He didn't want to fu...

Biden faces mounting pressure for a Plan B student loan forgiveness

04 March, 2023

USA TODAY - WASHINGTON — President Joe Biden faces growing pressure to develop an alternative plan to cancel student loan debt for millions of Americans after the executive action he took last year ran into a buzz saw from a majority of Supreme Court justices Tuesday.

Alex Murdaugh gets life in prison in murder of wife, son

03 March, 2023

CNN - A sentencing hearing is scheduled to start soon. The disgraced former attorney was found guilty of murder after less than three hours of deliberations.

Top US and Russian diplomats talk in surprise meeting

02 March, 2023

CNN - US Secretary of State Antony Blinken met with his Russian counterpart, Foreign Minister Sergey Lavrov on the sidelines of the G20 in New Delhi, according to a State Department official traveling with Blinken. The meeting comes as tensions remain high over Ukraine as well as Russia’s suspension...

Chicago voters end mayor Lori Lightfoot's bid for reelection

01 March, 2023

USA TODAY - CHICAGO – Lori Lightfoot lost her bid for a second term as Chicago mayor Tuesday in the nation's third-largest city after facing widespread criticism over her divisive leadership and the city's increase in crime. Paul Vallas and Brandon Johnson will advance to the April 4 runoff to be th...

Greece train collision updates: Death toll rises to 36, dozens more injured

01 March, 2023

ABC News - At least 36 people were killed and more than 80 others injured in a head-on collision between a freight train and a passenger train in Greece late Tuesday, officials said.

Supreme Court weighs Biden student loan plan worth billions

28 February, 2023

WASHINGTON (AP) — The Supreme Court is taking up a partisan legal fight over President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans. The high court, with its 6-3 conservative majority, is hearing arguments on Tuesday in two challenges to the plan, which has so ...

Nine western states under winter weather alerts today as heavy snowfall is forec…

22 February, 2023

CNN- As severe storms prompted at least nine tornado reports in parts of the central US, a barrage of snow, rain and harsh wind is forecast Monday in places from the West Coast to the Great Lakes, including some still without power following a similar string of severe weather last week.

Live updates: Putin suspends Russia's role in key nuclear treaty; Biden to speak…

21 February, 2023

NBC News - As Biden visits Poland, he and the Russian leader are expected to lay out their vastly different views of the world. NATO Secretary-General Jens Stoltenberg on Tuesday expressed regret over Russia's decision to suspend its nuclear arms treaty with the United States. "With today’s decision...

Biden walked the streets of Kyiv during surprise visit

20 February, 2023

CNN - US President Joe Biden only decided on Friday to go ahead with a high-stakes, high-risk visit to Kyiv after huddling with top members of his national security team in the Oval Office. A few hours before he departed, the United States informed Russia of the plans to visit the Ukrainian capital ...

Secretary of State Blinken and China's top diplomat Wang Yi are set to meet in M…

18 February, 2023

NPR - Secretary of State Antony Blinken and China's top diplomat, Wang Yi, are planning to meet for talks this weekend in what will be the highest level contact between the U.S. and China since the balloon crisis blew up earlier this month, a source with knowledge of the matter said.

The U.S. and China are pushing countries to pick sides in their ballooning rival…

17 February, 2023

NBC News - HONG KONG — A large balloon may be a novel cause of strife between two major powers, but the escalating dispute has put many countries in a familiar position: stuck in the middle of the United States and China, and not happy about it. Like so many clashes between Washington and Beijing, t...

First it was blood pressure medication. Now FDA eyes more drugs for cancer-causi…

16 February, 2023

USA TODAY - For people managing high blood pressure, recent recalls of the carcinogen-tainted drug quinapril might sound familiar. Since 2018, more than 12 million bottles of blood pressure-lowering drugs such as valsartan and losartan have been removed from the market because they contained cancer-...

Stock futures fall Wednesday as investors process inflation data: Live updates

15 February, 2023

CNBC - U.S. stock futures slipped Wednesday following the release of January’s hotter-than-anticipated consumer price index. Dow Jones Industrial Average futures lost 90 points, or 0.26%. S&P 500 and Nasdaq 100 futures fell by 0.36% and 0.40%, respectively. The Dow fell during the trading session an...

Haley announces 2024 Republican presidential bid in first challenge to Trump

14 February, 2023

WASHINGTON, Feb 14 (Reuters) - Former South Carolina Governor Nikki Haley said on Tuesday that she will seek the Republican presidential nomination in 2024, putting her at odds with one-time boss Donald Trump, the ex-president also seeking to win back the White House. "I'm Nikki Haley and I'm runnin...

What to know as military downs another high-altitude object, this time at Lake H…

13 February, 2023

ABC News - Another high-altitude object was shot down Sunday afternoon, this one over Lake Huron in Michigan, three U.S. officials confirmed to ABC News, marking the latest in a string of such incidents. The object was shot down by a U.S. military aircraft, according to one of the officials.

US shoots down unknown 'high-altitude object' over Alaska, White House says

11 February, 2023

ABC News - The White House said Friday that an unknown "high-altitude object" had been shot down over the waters off Alaska. President Joe Biden ordered the shootdown, spokesman John Kirby said, adding that the origin of the object has yet to be determined. Responding to reporters' shouted questions...

'It just rang': In crises, US-China hotline goes unanswered

10 February, 2023

ABC News - WASHINGTON -- Within hours of an Air Force F-22 downing a giant Chinese balloon that had crossed the United States, Defense Secretary Lloyd Austin reached out to his Chinese counterpart via a special crisis line, aiming for a quick general-to-general talk that could explain things and eas...

Turkey earthquake live updates: Death toll exceeds 20,000 in Turkey, Syria

09 February, 2023

ABC News - More than 20,000 people are dead after a 7.8 magnitude earthquake rocked southeastern Turkey and northwestern Syria early Monday, according to officials. The pre-dawn quake was centered in the town of Pazarcik in Turkey's southeastern Kahramanmaras province and was followed by several pow...

5 takeaways from Biden's State of the Union and Republican response

07 February, 2023

ABC News - President Joe Biden on Tuesday delivered his second State of the Union address, balancing a push for bipartisanship in a divided Washington and advocacy for his own policies heading into next year's election.

Turkey earthquake live updates: At least 2,300 dead in Turkey, Syria after power…

06 February, 2023

ABC News - More than 1,200 people are dead after a 7.8 magnitude earthquake rocked southeastern Turkey and northern Syria early Monday, officials said. The pre-dawn quake was centered in the town of Pazarcik in Turkey's southeastern Kahramanmaras province and was followed by several powerful aftersh...

U.S. military shoots down suspected Chinese surveillance balloon

05 February, 2023

CNBC - The U.S. military on Saturday shot down a suspected Chinese surveillance balloon that had been transiting across the country for several days. In a statement Saturday, Secretary of Defense Lloyd Austin said a U.S. fighter aircraft assigned to U.S. Northern Command successfully brought down th...

Chinese balloon live updates: 'We're going to take care of it,' Biden says

04 February, 2023

ABC News - U.S. officials say a massive surveillance balloon believed to be from China and first seen above Montana is being tracked as it flies over the continental United States. "The United States government has detected and is tracking a high-altitude surveillance balloon that is flying over the...

In many parts of the northern U.S., it's really cold. Here's how to stay safe

03 February, 2023

NPR - The "six more weeks of winter" predicted on Groundhog Day are kicking off with quite the cold spell. For many parts of the northern United States, this weekend's weather includes temperatures in the single digits and windchills expected to dip into the negatives.

Fed Hikes Interest Rates by a Quarter-Point, Suggests It’s Not Done Yet

02 February, 2023

USNEWS - In a widely expected move, the Federal Reserve raised interest rates by a quarter of a point Wednesday, while reiterating its commitment to bringing inflation down to pre-pandemic levels. The hike of 25 basis points follows a half-point increase in December after four straight 75-basis-poin...

Biden’s Message to McCarthy: Raising the Debt Ceiling Is Not a Negotiation

01 February, 2023

USNews - President Joe Biden has a message for new House Speaker Kevin McCarthy the day before a meeting between the two to discuss how to avoid a catastrophic default on the U.S. debt. There really is no negotiating on raising the debt ceiling. Also, what the GOP is talking about would only make th...

A winter storm is bringing the triple threat of ice, sleet and snow to the US. H…

31 January, 2023

CNN — A winter storm bringing the triple threat of ice, sleet and snow Tuesday to parts of the South and central US has prompted officials to close roads and schools as they urge people to avoid traveling in dangerous conditions.

McCarthy and Biden to meet on spending and debt ceiling; McCarthy says there wil…

30 January, 2023

ABC News - Speaker Kevin McCarthy says he is set to meet with President Joe Biden on Wednesday to discuss the Republican House majority's views on federal government spending and raising the country's borrowing limit in order to avoid a debt default.

Earnings are showing signs of strain and are likely to get worse as economy slow…

29 January, 2023

CNBC Pro Earnings are showing signs of strain and are likely to get worse as economy slowsTop Wall Street analysts like these stocks for maximum returns

Biden’s Shadow Campaign

28 January, 2023

US News - It was a friendly crowd in a friendly place, a union hall in blue Northern Virginia. President Joe Biden took the mic and paced the stage, touting the economic progress during his first two years in office and warning of the "chaos and catastrophe" threatened by House Republicans.

The Hill’s Morning Report — Amid economic uncertainty, Biden clashes with GOP

27 January, 2023

The Hill - The president, relying on his economic advisers, has said he “does not anticipate” a recession. Biden’s reelection bid, which he’s expected to clarify within weeks, could turn on that bet.

GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter

26 January, 2023

The Wall Street Journal - U.S. economic growth cooled to a 2.9% annual rate in the fourth quarter, capping a year of high inflation and rising interest rates. U.S. gross domestic product growth at the end of the year was down slightly from a 3.2% annual rate in the third quarter, the Commerce Depart...

Germany clears way for scores of tanks for Ukraine, U.S. also poised

25 January, 2023

BERLIN/KYIV, Jan 25 (Reuters) - Germany cleared the way on Wednesday for Europe to send scores of battle tanks to Ukraine, and Washington was poised make a similar announcement - moves hailed by Kyiv as a potential turning point in the war and condemned by Moscow as escalation.

The Hill’s Morning Report — Debt-limit jockeying to intensify this week

24 January, 2023

The Hill - The debt ceiling stalemate between the White House and the Republican Party continues this week as Congress is back in session, though the GOP is also facing internal issues with its narrow majority in the lower chamber.

DOJ tells House GOP it won't share info about ongoing criminal probes

21 January, 2023

ABC News - The Department of Justice has informed the House Judiciary Committee it is unlikely to share information with investigators about ongoing criminal probes or any non-public information about any DOJ investigation, according to a letter obtained by ABC News.

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