The world is drowning in debt, warns Goldman Sachs

The world is sinking under too much debt and an aging global population means countries’ debt piles are in danger of growing out of control, the European chief executive of Goldman Sachs Asset Management has warned.

Surveillance powers lapse with no deal in Senate

The National Security Agency lost its authority at midnight to collect Americans’ phone records in bulk, after GOP Sen. Rand Paul stood in the way of extending the fiercely contested program in an extraordinary Sunday Senate session.

U.S. bombers hold fire on Islamic State targets amid ground intel blackout

Nearly 75 percent of U.S. bombing runs targeting the Islamic State in Iraq and Syria returned to base without firing any weapons in the first four months of 2015, holding their fire mainly because of a lack of ground intelligence and raising questions about President Obama’s key tactic in pushing back an enemy that continues to expand its territory in the war zone.

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