Russia could default on its debt within days
CNN
Russia has sent the clearest signal yet that it will soon default — the first time it will have failed to meet its foreign debt obligations since the Bolshevik revolution more than a century ago.
Half of the country's foreign reserves — roughly $315 billion — have been frozen by Western sanctions imposed after the invasion of Ukraine, Russian finance minister Anton Siluanov said on Sunday. As a result, Moscow will repay creditors from "countries that are unfriendly" in rubles until the sanctions are lifted, he said.
Credit ratings agencies would likely consider Russia to be in default if Moscow misses payments or repays debt issued in dollars or euros with other currencies such as the ruble or China's yuan. A default could drive the few remaining foreign investors out of Russia and further isolate the country's crumbling economy.
If nothing else, the controversy over the Trump administration’s second strike on an alleged drug boat in the Caribbean has surfaced a long-overdue debate about its already legally dubious first strikes.
Two top House lawmakers emerged divided along party lines after a private briefing with the military official who oversaw September’s attack on an alleged drug vessel that included a so-called double-tap strike that killed surviving crew members, with a top Democrat calling video of the incident that was shared as part of the briefing “one of the most troubling things” he has seen as a lawmaker.
Authorities in Colombia are dealing with increasingly sophisticated criminals, who use advanced tech to produce and conceal the drugs they hope to export around the world. But police and the military are fighting back, using AI to flag suspicious passengers, cargo and mail - alongside more conventional air and sea patrols. CNN’s Isa Soares gets an inside look at Bogotá’s war on drugs.
Young Americans are “a generation under profound strain” with little confidence in institutions and widespread economic concerns, according to a Harvard Institute of Politics survey of adults younger than 30 released Thursday.
As lawmakers demand answers over reports that the US military carried out a follow-up strike that killed survivors during an attacked on an alleged drug boat in the Caribbean, a career Navy SEAL who has spent most of his 30 years of military experience in special operations will be responsible for providing them.
The murder trial of Brian Walshe, who is accused of killing and dismembering his wife in 2023 continues. Follow for live updates.
The FBI arrested a person Thursday who investigators believe planted pipe bombs near the Republican and Democratic National Committee headquarters the night before the 2021 US Capitol riot.
Lawyers for the New York attorney general’s office are expected to appear in federal court in Albany on Thursday to try to disqualify a US attorney from investigating the state’s civil case against President Donald Trump.
A new poll shows more than 70% of Republicans with Obamacare coverage don’t want their enhanced premium subsidies to expire.
A safety volunteer accused of fatally shooting a man taking part in a “No Kings” protest last June in Salt Lake City while firing at another man he believed to be a potential mass shooter has been charged with manslaughter, prosecutors announced Wednesday.
The specter of the Trump administration’s immigration crackdown looms over the Somali diaspora in the Twin Cities – home to the nation’s largest Somali population.
Honduras’ former President Juan Orlando Hernández thanked US President Donald Trump for pardoning his US drug trafficking conviction amid criticism from lawmakers that the pardon undermines the White House’s efforts to stop drug trafficking.
President Donald Trump’s name has been installed on the building and signage around the US Institute of Peace (USIP) – an independent agency that the administration gutted earlier this year.