Topic - Business_Finance

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House Speaker Kevin McCarthy of Calif., speaks during a news conference after President Joe Biden and McCarthy reached an "agreement in principle" to resolve the looming debt crisis on Saturday, May 27, 2023, on Capitol Hill in Washington. Rep. Patrick McHenry, R-N.C., back right, and Rep. Garret Graves, R-La., left, listen. (AP Photo/Patrick Semansky)

Biden, McCarthy strike tentative deal to raise debt limit

By Haris Alic - The Washington Times

The Toyota Gazoo Racing's winner drivers Mike Conway of Britain, Kamui Kobayashi of Japan and Jose Maria Lopez of Argentina, and the second placed drivers Sebastien Buemi of Switzerland, Kazuki Nakajima of Japan and Brendon Hartley of New Zeland celebrate on the podium of the 24-hour Le Mans endurance race in Le Mans, France, on Aug. 22, 2021. The world's most famous endurance race will be open to hydrogen-powered cars starting in 2026, Pierre Fillon, the president of the Automobile Club de l'Ouest, said Saturday, May 27, 2023. (AP Photo/Francois Mori, File)

Le Mans 24-hour race to include hydrogen-powered vehicles starting in 2026

Associated Press

Reagan increased debt

First Republic Bank signs and logos are displayed on a branch on April 26, 2023, in Wellesley, Mass. Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday, May 1. (AP Photo/Steven Senne, File)

First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan

By Ken Sweet - Associated Press

Credit Suisse owes millions to Georgia’s billionaire ex-prime minister, court says

By Courtney Bonnell - Associated Press

Britain's Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street in London, on Jan. 18, 2023. Britain's Treasury chief said he would be prepared to see the U.K. economy slip back into recession if further interest rate hikes are necessary to bring down inflation. (AP Photo/ Frank Augstein, File)

U.K.’s Treasury chief accepts that recession may be necessary to get inflation down

By Pan Pylas - Associated Press

Shown is a portion of a Small Business Administration Paycheck Protection Program Borrower Application Form, Tuesday, April 21, 2020 in Washington. The Paycheck Protection was supposed to be a lifeline for small businesses, helping them stay afloat and keep their employees on the payroll during the coronavirus pandemic. But guidelines from the Small Business Administration say that businesses are ineligible if someone who owns at least 20 percent of the company is incarcerated, under indictment, on probation or parole or had been convicted of a felony within the last five years. Ineligible would-be applicants and advocates say the restrictions are a slap in the face for those who have served their time, especially from an administration that has trumpeted second chances. (AP Photo/Wayne Partlow)

Pair of Northern Virginia men plead guilty to $7 million COVID-19 relief fraud scheme

By Brad Matthews - The Washington Times

Big bank eyes ChatGPT tech for investors

By Ryan Lovelace - The Washington Times

FILE - D'Zhane Parker, left, Cicley Gay, center, and Shalomyah Bowers pose for a portrait on May 13, 2022, in Atlanta. Black Lives Matter Global Network Foundation Inc., a national Black Lives Matter nonprofit, whose philanthropic fortunes grew almost overnight during historic racial justice protests three years ago, raised just over $9 million in its last fiscal year, new IRS tax filings show. Cicley Gay, board chair for the foundation, said the belt tightening was part of an effort to demonstrate that its stewards “have been responsible, proactive decision-makers of the people’s donations.” (AP Photo/Brynn Anderson, File)

Black Lives Matter foundation tightening its belt, has $30 million in assets, tax documents show

By Aaron Morrison - Associated Press

Treasury Secretary Janet Yellen speaks with reporters during a visit to the Virginia Innovation Partnership Corporation incubator at the Center for Innovative Technology campus in Herndon, Va., Oct. 21, 2022. For all of the concern over just when the government might run short of money to pay its bills, it turns out that no one, not even the U.S. treasury secretary, can be absolutely sure exactly when the country faces a potential default — the dreaded X-date. (AP Photo/Cliff Owen) **FILE**

Breathing room: Yellen moves default deadline to June 5

By Haris Alic - The Washington Times

House Republicans probe Bank of America cooperation with FBI, DOJ investigation into Jan. 6 protest

By Seth McLaughlin - The Washington Times

A Southwest airlines customer service representative, left, assists a traveler at the ticketing counter at Love Field airport, Friday, May 19, 2023, in Dallas. The unofficial start of the summer travel season is here, with airlines hoping to avoid the chaos of last year and travelers scrounging for ways to save a few bucks on pricey airfares and hotel rooms.(AP Photo/Tony Gutierrez)

Expect big crowds for the summer travel season — and big prices, too

By David Koenig - Associated Press

FILE - Augusta University students line up before entering the James Brown Arena to get their diplomas during their graduation ceremony on May 11, 2018, in Augusta, Ga. Regents voted Wednesday, April 19, 2023, to allow students to apply to 23 of Georgia's 26 public universities and colleges next year without the need to take the SAT or ACT college tests. (Michael Holahan/The Augusta Chronicle via AP, File)

Report: States’ spending on public college surpasses 2008 levels

By Sean Salai - The Washington Times

Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters at the Capitol in Washington, Wednesday, May 24, 2023. (AP Photo/J. Scott Applewhite)

McCarthy’s Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend

By Lisa Mascaro and Stephen Groves - Associated Press

Storage tanks are shown at a refinery in Detroit, Tuesday, April 21, 2020. The White House on Tuesday said it had ordered 50 million barrels of oil released from strategic reserve to bring down energy costs. (AP Photo/Paul Sancya, File)

Biden’s draining of oil reserves appears by design

By Editorial Board - The Washington Times