What to know about the $31T U.S. debt ceiling as default deadline looms
Editor's note: This story was removed from the site because significant portions did not meet our standards for original content.
Recommended Stories
WFTVNew Florida bill would ban discussion of menstruation in elementary school
Legislation moving in the Florida House would ban discussion of menstrual cycles and other human sexuality topics in elementary grades.
- Reuters
Did SVB break the Fed? Officials mull risks of more rate increases
At an early January meeting of the Virginia Bankers Association, executives were already nervous that Federal Reserve interest rate increases were making it hard to compete for deposits. "Everywhere I go in the industry people are feeling that kind of pressure," the featured speaker of the day, Richmond Fed President Thomas Barkin, said in response to a question from the audience. The influence of Fed rate hikes "is going to hit...That is how it is designed."
- Reuters
Gold flirts with record highs after topping $2,000 an ounce
Gold traded at record highs in some currencies on Monday and neared all-time peaks in U.S. dollar terms after banking sector turmoil sent prices of the safe haven asset rocketing 10% in a matter of days. Banking stocks and bonds continued to plummet on worries that more problems may emerge after several U.S. banks and Switzerland's Credit Suisse collapsed or required rescue. Gold rose above 3,000 Australian dollars and 165,000 Indian rupees for the first time and traded around 1,880 euros, just 20 euros shy of its euro record.
- AFP
How AI could upend the world even more than electricity or the internet
The rise of artificial general intelligence -- now seen as inevitable in Silicon Valley -- will bring change that is "orders of magnitude" greater than anything the world has yet seen, observers say.This is the first time we're able to create intelligence itself and increase its amount in the universe," he told AFP. Change, as a result, will be "orders of magnitude greater than every other technological change we've ever had in history."
- Bloomberg
Fed and Global Central Banks Move to Boost Dollar Funding
(Bloomberg) -- The Federal Reserve and five other central banks announced coordinated action Sunday to boost liquidity in US dollar swap arrangements, the latest effort by policymakers to ease growing strains in the global financial system.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueWarren Buffett in Contact With Biden Team on Banking
- Reuters
Looming Trump charges follow criticism of N.Y. prosecutor for not acting sooner
A New York City prosecutor who was publicly criticized for declining to charge Donald Trump last year now appears very close to bringing the first criminal indictment against a former president in U.S. history. Trump on Saturday said that he expects to be arrested this week on charges by Manhattan District Attorney Alvin Bragg, who is investigating whether Trump falsified business records by concealing his reimbursement of his former lawyer and fixer Michael Cohen for a $130,000 payment Cohen made to porn star Stormy Daniels, whose real name is Stephanie Clifford. The payment, made during the waning weeks of Trump's 2016 campaign for the White House, was intended to secure Daniels' silence about an affair she said she had with Trump, prosecutors said.
- The Daily Beast
Officials Prep for Protests as MAGA Sycophants Push ‘Patriot Moat’ Around Mar-a-Lago
Ricardo Arduengo/ReutersWith former President Donald Trump insisting he’s going to be arrested as early as Tuesday, meetings have reportedly been held between city, state, and federal law enforcement agencies to prepare for mass protests or riots.The talks come as far-right forums have overflowed with ideas on how to keep Trump out of the clink—with one person suggesting Trump supporters should create a “Patriot moat” around the former president’s estate at Mar-a-Lago in South Florida so law enf
- Yahoo Finance Video
Fed ‘needs to continue’ rate hikes, economist says
S&P Global Ratings Chief Economist Paul Gruenwald joins Yahoo Finance Live to discuss U.S. banking confidence, the state of the economy, and the outlook for the Fed’s rate hike path ahead of Wednesday’s FOMC meeting.
- Homes & Gardens
Blake Lively and Ryan Reynolds' house color is a hit with landscapers and real estate experts – here's why
The couple's New York home offers a lesson in curb appeal – beginning with this versatile (and eternally stylish) neutral
- InStyle
Olivia Wilde’s Itty-Bitty Black String Bikini Has Us Longing for the Beach
We'll have what she's having.
- INSIDER
A Ukrainian soldier wondered if the Russians advancing on Bakhmut are on drugs: 'Otherwise, how can they go to certain death?'
No evidence has emerged that Russia or the Wagner Group have given its soldiers drugs. But it's not the first time Ukrainian soldiers have wondered about it.
- Golf Monthly
'It's Sad' - Tour Pro Reacts To Bryson DeChambeau's LIV Golf Form
In a response to a tweet, Eddie Pepperell expressed sympathy towards DeChambeau, stating 'it's sad' to see his drop in form
- The State
‘This has gone on far too long.’ Buster Murdaugh speaks out on Stephen Smith’s death
The sole surviving son of convicted murderer Alex Murdaugh denied in a statement Monday that he was involved in the teen’s death.
- The Daily Beast
Marjorie Taylor Greene Warns Against Donald Trump’s Protest Demands
GAELEN MORSERep. Marjorie Taylor Greene (R-GA) cautioned MAGA-diehards who plan to protest against Donald Trump’s possible indictment after the former president repeatedly called on his supporters to take to the streets.In a rare move, the MAGA-loving congresswomen split from Trump’s call for nationwide protests, worried that such events could be hijacked and turn violent.“There are a lot of concerns about protests because of people like Ray Epps and Scaffold Commander,” Greene told The Daily Be
- Marie Claire US
Prince Harry and Meghan Markle Are Apparently Making Major Demands in Order to Confirm Their Attendance at the Coronation
“It could lead to chaos.”
- Vikings Wire
Adam Thielen’s new contract with Panthers puts Vikings request for pay cut to shame
Adam Thielen's refusal to take a pay cut with the #Vikings paid off with his new three-year $25 million deal with the #Panthers
- SheKnows
Kate Middleton’s Rare & Touching Photo With Her 3 Kids Proves They All Inherited this Trait From Their Mom
Kate Middleton is giving everyone a Mother’s Day treat by sharing a never-before-seen photo of her and Prince William’s three kids doing something that shows the one trait they all definitely have in common with their mama. For UK Mother’s Day, on March 19, the Princess of Wales shared a seriously sweet snapshot of her […]
- INSIDER
A teen involved in the brutal attack on a Texas football player will serve 120 days in jail after victim's family showed 'mercy,' family attorney says
After reaching a plea agreement, teenager Reid Mitchell will serve 120 days in jail and 10 years on probation for the assault of Cole Hagan.
- The Commercial Appeal
Warriors' Steph Curry, Klay Thompson have had enough of Grizzlies' Dillon Brooks
Dillon Brooks and Klay Thompson traded words near the end of the Grizzlies' win over the Warriors. It also continued postgame
- Yahoo Music
'No. Go put it back': Awkward, heartbreaking 'Idol' moment as toddler hands rejected mom Golden Ticket
“It’s not fair, but that’s what life is,” said Lionel Richie, as struggling single mom Fire Wilmore, who'd hoped that 'American Idol' would turn her family's life around, stood humiliated in front of her child.