Liz Truss pursues ‘trickle-down economics’ despite scorn from Biden

British Prime Minister Liz Truss and US President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Wpa Pool | Getty Images LONDON — The British government is set to announce sweeping tax cuts for businesses and … Read more

Treasury warns against Russia’s efforts to evade sanctions with crypto

Ether has hugely outperformed bitcoin since both cryptocurrencies to the bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.” Yuriko Nakao | Getty Images Russian President Vladimir Putin could use cryptocurrencies to evade US and other sanctions launched against the Kremlin for … Read more

These changes can fix student debt crisis and are better than forgiveness

hept27 | iStock | Getty Images Student loan debtors are poised to get some breathing room after President Joe Biden unveiled a plan last month to forgive up to $20,000 in federal student loans per borrower. But some experts say the one-time presidential pardon will not do much to alleviate the student debt crisis affecting … Read more

3 Iranian nationals are accused of ransomware attacks vs. U.S. victims

cyano66 | iStock | Getty Images WASHINGTON — The Department of Justice on Wednesday unsealed an August indictment of three Iranian nationals who officials said are behind an international ransomware conspiracy that has targeted hundreds of corporate and government victims around the world. The three individuals allegedly carried out the scheme for their personal gain, … Read more

Why the U.S. military faces a growing recruiting crisis

The US military faces a growing recruiting shortfall — one so large that legislators are getting concerned. “The Army has to recognize that there’s been an evolution in that young population,” said US Rep. Jackie Speier, D-Calif, chair of the Subcommittee on Military Personnel. “And if you’re going to target that young population for service, … Read more

Monkeypox cases jumped 20% in the last week to 35,000 across 92 countries, WHO says

Monkeypox continues to spread across the globe with cases jumping by 20% over the last week, according to the World Health Organization. Infections increased by nearly 7,500 to more than 35,000 cases total across 92 countries, but nearly all reported cases are in Europe and the Americas, according to WHO data. Twelve deaths have been … Read more

Passage of Inflation Reduction Act gives Medicare historic new powers

A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The … Read more

‘Echoes of the Cold War’ as Blinken heads to Africa, vying with Russia for influence

PRETORIA, South Africa, August 8, 2022: South Africa’s Foreign Minister Naledi Pandor (R) and Secretary of State Antony Blinken (L) attend a strategic dialogue opening session meeting at the South African Department of International Relations and Cooperation. ANDREW HARNIK/POOL/AFP via Getty Images US Secretary of State Antony Blinken arrived in South Africa on Monday to … Read more

Manchin touts inflation reduction bill, says ‘I’m not getting involved’ in upcoming elections

Sen. Joe Manchin in the US Capitol on Tuesday, June 14, 2022. Sen. Joe Manchin, DW.Va., and his staff told Democratic leadership on Thursday that he’s not willing to support major climate and tax provisions in a sweeping Biden agenda bill, according to a Democrat briefed on the conversations. Tom Williams | Cq-roll Call, Inc. … Read more

CDC panel recommends Novavax vaccine for adults

In this photo illustration a silhouette of a man holding a medical syringe and a vial displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images The Centers for Disease Control and Prevention’s independent advisors recommended Novavax’s two-dose Covid-19 vaccine as a primary series for adults on Tuesday, … Read more