Malaysia PM says his country keeps good ties with US but not China phobia, wants to engage both
Malaysian Prime Minister Anwar Ibrahim has said his country does not have a “China-phobia” policy and wants to engage both Beijing and Washington, expressing hopes for both powers to resolve their differences.
Buy now, pay later companies must adhere to credit card standards, consumer agency says
The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders.
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.
Biden and Democrats raised $51 million in April, far less than Trump and the GOP's $76 million
President Joe Biden and the Democratic National Committee say they they raised more than $51 million in April, falling well short of the $76 million that Donald Trump and the Republican Party reported taking in for the month.
Clarification: Fake Electors-Indictment-Giuliani story
In a story published May 18, 2024, about former New York Mayor Rudy Giuliani's indictment in Arizona, The Associated Press reported that the state attorney general's office said Wednesday what charges were filed in that same case against Mark Meadows, Donald Trump’s former chief of staff.
House committee meeting devolves into chaos amid insults between Rep. Jasmine Crockett, Rep. Marjorie Taylor Greene
The hearing was derailed when Rep. Marjorie Taylor Greene, R-Ga., responded to a question from Rep. Jasmine Crockett, D-Texas, by saying, “I think your fake eyelashes are messing up what you’re reading.”
Sexual assaults are down in the US military. Here's what to know about the numbers
Pentagon officials are cautiously optimistic that an overall decline in reported sexual assaults among active-duty service members and the military academies suggests that leaders are finally getting a handle on what has been a persistent problem.
Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons program.
Democrats raise concerns about Republicans meddling in a competitive Oregon primary
A new political action committee has begun pouring money into a key Oregon swing district just days before the Democratic primary there, raising questions about whether Republicans are trying to tilt the scales in the contest.
Investigation continues into 4 electrical blackouts on ship that caused Baltimore bridge collapse
Investigators say the electrical blackouts experienced by the container ship Dali before it left Baltimore’s port were “mechanically distinct from” those that resulted in the deadly collapse of the Francis Scott Key Bridge hours later.
US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico
The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
Fed's Powell downplays potential for a rate hike despite higher price pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.
Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile base
President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a “national security risk.”.
Sleepy far-flung towns in the Philippines will host US forces returning to counter China threats
After withdrawing from two huge U.S. military bases in the Philippines at the end of the Cold War in the early 1990s, American forces are returning and building a new presence in nine sites on Philippine bases under a 2014 defense pact to counter China's increasingly assertive actions.
Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'
The go-broke dates for benefit programs Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report.
The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'
The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump's media company.
Halle Berry shouts from the Capitol, 'I'm in menopause' as she seeks to end a stigma and win funding
Halle Berry is joining a group of bipartisan senators to push for legislation that would put $275 million toward research and education around menopause, the significant hormone shift women go through in middle age.
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
The Biden administration says it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its campuses in 2023 amid accusations of fraud.
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
The Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.
Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.
Supreme Court will hear case claiming CBD product got trucker fired
The Supreme Court will hear an appeal from a Vista, California, CBD hemp oil company fighting a lawsuit from a truck driver who says he got fired after using a product falsely advertised as being free from the active ingredient in marijuana.
Net neutrality restored as FCC votes to regulate internet providers
The Federal Communications Commission has voted to restore rules to prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others — for instance, by slowing or blocking certain content or by offering higher speeds to customers willing to pay extra.
Jill Biden praises her husband's advocacy for the military as wounded vets begin annual bike ride
First lady Jill Biden says her husband has pushed numerous efforts in his administration to advocate for the U.S. military during an event where veterans who were wounded after 9/11 started an annual bike ride from the White House.