U.S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says

Tax revenues and emergency measures after June 15 will let Treasury “continue financing operations through at least the end of July,” said the CBO.
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Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard

Kemal Dervis, Who Eased Turkey’s Economic Crisis, Dies at 74

High interest rates and economic uncertainty are behind recent rise in corporate defaults

The corporate default rate is up and rising as interest rates remain elevated, making it more expensive for companies to refinance debt. International: Top News And Analysis

‘We are not in the business of ice cream’: Big Oil CEOs defend themselves against climate criticism

Big Oil, on the back of record profits last year, has been accused of dialing back critically important climate pledges in recent months. International: Top News And Analysis

UK asks for 250,000 volunteers to help its health service cope with the coronavirus outbreak

The U.K. government has appealed for 250,000 “people in good health” to help its NHS cope with the coronavirus outbreak, as final year medical students and student nurses were told they would be moved to…

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