Sanctions have sharply raised chance of a Russian default, JPMorgan warns
CNN
Russia's stock market remains shut down. The ruble is worth less than a penny. And Western businesses are fleeing. JPMorgan warns a Russian default could be next.
"Sanctions imposed on Russia have significantly increased the likelihood of a Russia government hard currency bond default," JPMorgan emerging markets strategists wrote in a note to clients on Wednesday.
Russia may have the cash to make its debt payments. The Central Bank of Russia lists a staggering $643 billion of international reserves.
Peruvian scientist Rosa Vásquez Espinoza joins forces with indigenous communities to protect a disappearing species that is crucial to the health of the rainforest.
Frustration is mounting inside the Justice Department as it races to redact thousands of pages of files related to Jeffrey Epstein before they must be released Friday, multiple sources familiar with the process told CNN.
The GOP-controlled House passed a bill that would block Medicaid funds from being used for gender identity care to minors.
The one-time bonuses President Donald Trump said Wednesday will be paid out to over a million US service members will be pulled from funds already approved by Congress to cover housing and other household costs for troops as part of a military stipend program.
Lawmakers on both sides of the aisle are pushing to make the censure process more difficult after the House weighed three separate complaints against sitting members this week.
A federal judge ruled Thursday that two entities that implement policy and conduct administrative tasks for the judicial branch are not required under a transparency law to turn over their communications to a private legal group aligned with President Donald Trump.
The Democratic National Committee said Thursday that it would not release a highly anticipated “autopsy” of the 2024 election, a decision aimed at unifying the party that also sidesteps uncomfortable and lasting divisions over its loss to President Donald Trump.
Former special counsel Jack Smith did not invoke his Fifth Amendment rights during eight hours of testimony Wednesday behind closed doors to the House Judiciary Committee, the panel’s chairman said.
More photos from Epstein’s estate released by House Democrats as deadline to release DOJ files looms
Democrats on the House Oversight Committee released photos from Jeffrey Epstein’s estate Thursday — the latest in a series of intermittent disclosures that have fueled significant political intrigue in recent weeks about who may have been associated with the convicted sex offender.
Pope Leo has appointed a new archbishop of New York who has first-hand experience of countries from where millions have emigrated to the United States, signaling the potential for a more outspoken approach from bishops on immigration.
The Justice Department tried to add a third felony charge related to mortgage fraud against Letitia James when attempting to reindict the New York attorney general last week, according to court documents.
The Brown University mass shooter remains at large as the manhunt enters its sixth day. Follow for live news updates.
The cavalry is not coming to save the Affordable Care Act’s enhanced premium subsidies before they lapse at year’s end. And while the House is expected to vote in January on a Democratic proposal to extend them for three years, the effort faces significant hurdles in the Senate.