Business

What do banks do when no one is watching? It's up to bank examiners to find out

4:22pm March 31, 2023

High-profile bank failures in the last several weeks are putting the spotlight on bank examiners: the government employees who perform regular check-ups of the country's financial institutions.

A Social Security trust fund is expected to run short of cash by 2033, according to new estimates, which would potentially reduce benefits to millions of Americans who depend on the program.

Social Security is now expected to run short of cash by 2033

4:22pm March 31, 2023

by Scott Horsley

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

Smoke rises from a derailed cargo train in East Palestine, Ohio, on February 4, 2023.

The Justice Department adds to suits against Norfolk Southern over the Ohio derailment

3:44pm March 31, 2023

by Juliana Kim

The federal government is accusing Norfolk Southern of "unlawfully polluting" the country's waterways and violating the Clean Water Act in the accident near East Palestine.

White House: smaller community banks shouldn't shoulder the tab for 2 failed banks

5:10am March 31, 2023

The collapse of two regional banks is expected to cost the government's deposit insurance fund more than $22 billion. The Biden administration says smaller banks shouldn't have to pick up the tab.

President Biden on Thursday called on banking regulators to take more steps to reduce the risk of mid-sized bank failures.

Politics & Government

Biden asks banking regulators to toughen some rules after recent bank failures

4:54pm March 30, 2023

by Washington Desk

President Biden on Thursday urged banking regulators to take additional steps to reduce the risk of more mid-sized bank failures like Silicon Valley Bank and Signature Bank.

Wall Street Journal reporter Evan Gershkovich is escorted by Russian officers from the Lefortovsky court to a bus, in Moscow, Thursday. Russia's Federal Security Service said its agents detained Gershkovich in the Ural Mountains city of Yekaterinburg, accusing him of trying to obtain classified information.

World News

The U.S. condemns Russia's arrest of a Wall Street Journal reporter

4:45pm March 30, 2023

by NPR Staff

Evan Gershkovich, a U.S. citizen, was on a reporting assignment in the Ural mountain city of Yekaterinburg when he was detained by agents from Russia's Federal Security Service.

Russia detains a 'Wall Street Journal' reporter on claims of spying

4:19pm March 30, 2023

by Michele Kelemen

Russia detained a U.S. journalist working for The Wall Street Journal, accusing him of espionage. Evan Gershkovich was reporting in the city of Yekaterinburg when he was detained.

An entranceway to Walt Disney World pictured on Feb. 8 in Orlando, Fla. Disney quietly blocked a move by Florida Gov. Ron DeSantis to strip the company of its control over a special taxing district.

Disney blocked DeSantis' oversight board. What happens next?

4:16pm March 30, 2023

by Emily Olson

The board members picked by Florida Gov. Ron DeSantis to oversee development around Walt Disney World announced on Tuesday that they didn't quite have the power they thought they had.

The scene Thursday morning after a BNSF train carrying ethanol and corn syrup derailed and caught fire in the west-central Minnesota town of Raymond. Residents living near the derailment were evacuated in the middle of the night.

National

A train carrying ethanol derails and catches fire in Minnesota, forcing evacuations

12:18pm March 30, 2023

by Kaitlyn Radde

Twenty-two cars, including 10 carrying ethanol, derailed west of Minneapolis; four are on fire. The derailment's cause is under investigation. There is a half-mile evacuation area around the site.

Electric cars charge at a hub in downtown Milan on March 23. Starting in 2035, all cars sold in the European Union will be zero-emission vehicles.

All new cars in the EU will be zero-emission by 2035. Here's where the U.S. stands

10:09am March 30, 2023

by Joe Hernandez

European Union states agreed to a plan after adding an exemption for cars that run on e-fuels. In the U.S., efforts to phase out gas-powered cars include future bans in several states.