Latest Financial crisis News

Yellen warns delay in raising debt limit will slow economy

Sep. 28, 2021 15:41 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen sounded an urgent call Tuesday for Congress to raise the government's borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so. If the debt limit isn’t raised by Oct....

EXPLAINER: Drama, deadlines as Congress weighs Biden agenda

Sep. 28, 2021 09:53 AM EDT

WASHINGTON (AP) — The drama and deadlines driving action on Capitol Hill right now can be disorienting. Democrats are trying to pass more than $4 trillion in infrastructure and social programs at the center of President Joe Biden’s agenda — and at the same time avert a government...

Far-right cryptocurrency follows ideology across borders

Sep. 28, 2021 04:21 AM EDT

BRUSSELS (AP) — The Daily Stormer website advocates for the purity of the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire. ...

EXPLAINER: What's behind all the drama in Congress?

Sep. 27, 2021 17:14 PM EDT

WASHINGTON (AP) — The drama and deadlines driving action on Capitol Hill right now can be disorienting. Democrats are trying to pass more than $4 trillion in infrastructure and social programs at the center of President Joe Biden’s agenda — and at the same time avert a government...

France pledges support for Lebanon's new prime minister

Sep. 24, 2021 13:00 PM EDT

PARIS (AP) — French President Emmanuel Macron welcomed Friday Lebanon’s new prime minister at the presidential palace, wishing him success and promising France would continue to support the crisis-struck country. In Beirut, protesters pelted commercial banks with eggs and rallied against...

His country mired in crises, Lebanese leader calls for help

Sep. 24, 2021 12:13 PM EDT

BEIRUT (AP) — The reverberations of terrorism across the oceans and war in their own neighborhood have left Lebanon and its fellow nations in the Middle East struggling with the consequences, Lebanon’s president said Friday, calling for international help to save his own crisis-hit...

Mideast in shambles, but the world has moved on for now

Sep. 23, 2021 02:12 AM EDT

BEIRUT (AP) — There was a time not long ago when uprisings and wars in the Arab world topped the agenda at the U.N. General Assembly meetings in New York. With most of those conflicts in a stalemate, the world’s focus has shifted to more daunting global challenges...

EXPLAINER: Why the debt limit is again roiling Washington

Sep. 23, 2021 00:32 AM EDT

WASHINGTON (AP) — The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about? The debt limit is a nearly century-old artificial cap that Congress placed on the U.S. government's ability to...

Editorial Roundup: U.S.

Sep. 22, 2021 11:48 AM EDT

Excerpts from recent editorials in the United States and abroad: Sept. 20 The Philadelphia Inquirer on protecting abortion rights in Pennsylvania: In one legislative session after another, Pennsylvania Republicans have tried to...

Lebanon raises fuel prices for 2nd time in 5 days

Sep. 22, 2021 07:46 AM EDT

BEIRUT (AP) — Lebanon’s new government raised the price of fuel on Wednesday by 16%, the second time in five days, part of a gradual lifting of subsidies in the crisis-struck country. The new hike brings the price of fuel, in short supply, closer to black market...