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WASHINGTON — Social Security will no longer be able to pay full benefits in 2033, a year earlier than previously expected, according to a report released Friday. The updated projections, in the annual trustee report, mean that without action to stabilize the Old-Age and Survivors Insurance Trust Fund, Social Security would have enough money to […]

The post Social Security trustees predict benefit cuts in 2033 without congressional action appeared first on Minnesota Reformer.

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WASHINGTON – The Biden administration, placing blame on Trump-era rollbacks, Thursday called on federal banking regulators to reinstate safeguards for regional banks after the record-setting collapse of Silicon Valley Bank and Signature Bank of New York earlier this month. The White House wants the agencies to revive regular stress testing at banks in the $100- […]

The post White House calls on financial regulators to bring back safeguards for regional banks appeared first on New Hampshire Bulletin.

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A Manhattan grand jury has voted to indict Donald Trump on charges involving payments made during the 2016 presidential campaign to silence claims of an extramarital sexual encounter, the first ever criminal case against a former U.S. president and a jolt to Trump's bid to retake the White H…

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WASHINGTON — The U.S. House on Thursday approved a bill packed with Republican energy priorities meant to counteract the Biden administration’s approach and boost U.S. oil and gas production. Numbered H.R. 1 as a signal that energy policy is the House majority’s top legislative priority, the bill includes a package of GOP proposals, ranging from […]

The post U.S. House passes sweeping energy bill pushing back against Biden climate policies appeared first on Kansas Reflector.

WASHINGTON — Health insurance companies may no longer need to cover a wide swath of preventive health care services that were required by the 2010 Affordable Care Act, under a federal judge’s ruling issued Thursday in Texas. The decision could affect millions of Americans’ access to no-cost preventive health care — including pregnancy-related care, cancer screenings, […]

The post U.S. judge rules insurers don’t have to cover many free preventive health services appeared first on Missouri Independent.

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WASHINGTON — Experts told the U.S. House Budget Committee on Wednesday the country’s economic outlook is problematic, as a fierce debate over the nation’s budget remains front and center. House Republicans, led by Speaker Kevin McCarthy of California, have repeatedly rejected raising the debt limit unless President Joe Biden agrees to a series of spending […]

The post Experts see economic problems for U.S. as struggle over debt limit, spending cuts extends appeared first on Michigan Advance.

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WASHINGTON – U.S. senators revoked their approval for the Gulf and Iraq wars on Wednesday, taking a broadly bipartisan vote to repeal the Authorizations for Use of Military Force that have stayed on the books years after the two wars ended.  The 66-30 vote sends the measure to the U.S. House, where Speaker Kevin McCarthy […]

The post U.S. Senate in bipartisan vote repeals decades-old Iraq war authorizations appeared first on New Hampshire Bulletin.

WASHINGTON — U.S. House Republicans tussled with Agriculture Secretary Tom Vilsack and Democratic committee members over work requirements in federal nutrition programs as well as spending levels for those programs at a Tuesday hearing. Republican members of the House Agriculture Committee charged Vilsack with evading bipartisan oversight in the USDA’s 2021 redesign of the Thrifty Food […]

The post USDA secretary battles with U.S. House Republicans over costs of federal nutrition programs appeared first on Missouri Independent.

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CAPE COAST, Ghana (AP) — Vice President Kamala Harris on Tuesday stepped through the black doors of a colonial-era seaside fort and down into the dungeons, touring a site where millions of enslaved Africans were held captive before they were loaded onto ships bound for the Americas.

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OKHTYRKA, Ukraine (AP) — Ukraine’s president visited the Sumy region in northern Ukraine on Tuesday, continuing his tour over recent days of areas of the country that have felt the brunt of Russia’s full-scale invasion and as the stage increasingly looks set for a Ukrainian counteroffensive.

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A federal judge has upheld approval of the Boy Scouts' $2.4 billion bankruptcy plan. The plan would let the Texas-based organization keep operating while it compensates tens of thousands of men who say they were sexually abused as children while involved in Scouting. The ruling released Tuesday in U.S. District Court in Delaware rejected arguments that the bankruptcy plan wasn’t proposed in good faith. Opponents have said it improperly strips insurers and survivors of their rights. The plaintiffs say the staggering number of claims and other factors suggest the bankruptcy process was manipulated.

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A federal judge has ruled that former Vice President Mike Pence will have to testify before a grand jury in the federal probe into efforts by former President Donald Trump and his allies to overturn the 2020 election. That’s according to two people familiar with the ruling, who spoke on condition of anonymity because it remains under seal. The people said, however, that Pence would not have to answer questions about his actions on Jan. 6, 2021, when a mob of Trump supporters stormed the building as Pence was presiding over a joint session of Congress to certify the vote. Pence and his attorneys had cited constitutional grounds in challenging the subpoena.

MINNEAPOLIS (AP) — Minnesota Attorney General Keith Ellison personally opened his state's case against Juul Labs on Tuesday, accusing the e-cigarette maker of using “slick products, clever ads and attractive flavors” to hook children on nicotine as the first of thousands of cases against the…

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WASHINGTON — Financial regulators promised a full review of Silicon Valley Bank’s massive failure as members of a key U.S. Senate panel on Tuesday interrogated the officials about what led to the second-largest bank collapse in U.S. history. Members of the Senate Committee on Banking, Housing and Urban Affairs asked if the Federal Reserve could […]

The post Members of U.S. Senate panel press financial regulators on massive bank failures appeared first on Nebraska Examiner.

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The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems. The Fed official, Michael Barr, the nation’s top banking regulator, said during a Senate Banking Committee hearing that the Fed is considering whether stronger bank rules are needed to prevent a similar failure in the future. Silicon Valley Bank’s management was deficient, Barr said. In particular, he said, the interest rate model the bank used “was not at all aligned with reality.”

Treasury Secretary Janet Yellen announced America’s commitment to enhancing corporate transparency along with some 20 other countries participating in this week's Summit for Democracy. While the Biden administration is already pursuing regulations to establish a new database on small business ownership, the commitment announced Tuesday promises to maintain that database and ensure that law enforcement will have access to the registry, and that individuals’ personal data will be protected. The registry will contain personal information on the owners of at least 32 million U.S. businesses in an effort to combat corruption. The U.S. is making the push in part in an effort to more easily identify wealthy Russians who are accused of hiding stolen money and assets in the United States.

The U.S. Energy Information Administration announced that electricity generated from renewables surpassed coal electricity production in the United States for the first time in 2022. The growth of wind and solar significantly drove the increase in renewable energy and experts say these two resources will be the “backbone” of clean energy growth in the U.S. because of their reliability and affordability. Renewables passed nuclear electricity production for the first time in 2012 and continued to outpace it.

A downloadable app that has been voiced by “Star Wars” actor Mark Hamill is triggered when air raid alarms sound in Ukraine. He urges people with his grave but also calming baritone to take cover. He also tells them when the danger has passed by signing off with “May the Force be with you.” The actor told The Associated Press that he’s admiring Ukraine's resilience from afar in California. Ukraine's fight against the Russian invasion is now in its second year and it reminds him of the Star Wars saga. Hamill is also fundraising to buy reconnaissance drones for Ukrainian forces.

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Russia's Defense Ministry says Moscow has test-fired anti-ship missiles in the Sea of Japan. The ministry said Tuesday that two boats launched a simulated missile attack on a mock enemy warship about 60 miles away. The ministry said the target was successfully hit by two Moskit cruise missiles. The Moskit is a supersonic anti-ship cruise missile that has conventional and nuclear warhead capacity. It says the exercise took place in the Peter the Great Gulf in the Sea of Japan. A Japanese Foreign Ministry official in charge of Russia says Japan does not plan to lodge a protest to Russia over the missile exercise, noting the location is considered Russian coast.

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North Korean leader Kim Jong Un has called for his nuclear scientists to increase production of weapons-grade material to make bombs to put on his increasing range of weapons. The report in state media Tuesday followed a series of missile launches — seven in this month alone — and rising threats to use the weapons against his enemies. North Korea's weapons tests and U.S.-South Korea military exercises have intensified in a tit-for-tat cycle, underscoring heightened tensions in the region. State media said Kim met with officials and scientists at a nuclear weapons institute and stressed the need to ramp up bomb fuel production to meet his goals to expand his nuclear arsenal.

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