Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial crisis.
Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.
Israel’s High Court of Justice on Monday rejected a request to hold Prime Minister Benjamin Netanyahu in contempt for allegedly violating the terms of an agreement stipulating that he not interfere in judicial reform legislation.
U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal to ease the industry turmoil that has sparked three bank failures in the past two months.
U.S. House Speaker Kevin McCarthy (R-Calif.) on Monday became the second-ever holder of his post to address the full Israeli Knesset, following in the footsteps of Newt Gingrich in 1998.
Violent demonstrators took to the streets of Paris Monday and across France to protest against French President Emmanuel Macron’s pension reform, joining workers across Europe in May Day rallies.
The U.S. military is tracking a mysterious balloon that flew over American soil, but it’s not clear what it is or whom it belongs to, according to three U.S. officials.
Israel launched airstrikes against the airport in the northern Syrian city of Aleppo on Monday night, killing one soldier and leaving seven others wounded, Syrian state media reported.
Amid an ongoing “fractious debate” in the United Methodist Church over LGBT issues, a circuit court in Florida last month dismissed a lawsuit filed by congregations wanting to leave the UMC with property but without paying the exit costs required under the denomination’s regulations, UM News reports.
Christians in Nigeria are continuing to be slaughtered by Islamic militants as the authorities appear unwilling or unable to do anything to stop the slaughter and the international community does nothing to hold the Nigerian government to account.
Turkey’s President Recep Tayyip Erdogan announced Sunday that Turkish forces have killed Abu Hussein al-Qurayshi, the suspected leader of Islamic State in neighboring Syria, the New York Post reports. Turkey currently controls sections of territory in northern Syria since being allowed to carry out land incursions against Kurdish groups it claims are terrorists.
Pope Francis said Sunday that the Vatican is involved in a peace mission for wartorn Ukraine as the bloodiest weekend for civilians in more than a month killed dozens of people.