Total System Assessment on Iran Underway: Retired General Votel
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Yahoo
15 minutes ago
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S&P affirms U.S. credit rating, but warns of tariffs outcome
-- S&P Global Ratings has affirmed its "AA+" credit rating for the United States with a stable outlook, noting that revenue from President Donald Trump's tariffs could potentially offset the fiscal impact of his tax cuts and spending legislation. The rating agency, which was the first to downgrade the U.S. government's credit rating in 2011, made the announcement on Monday. Lisa Schineller, primary U.S. analyst at S&P Global Ratings, emphasized that future rating decisions would depend on policy outcomes rather than just intentions. "Outcomes are what's really going to weigh and inform the rating," Schineller said in an interview. "The outcomes of how you execute the budgetary legislation, how the tariff revenue comes, their combined impact on growth and investment that leads to either better or worse or similar fiscal out-turns, that's our focus." While the immediate rating remains unchanged, S&P indicated that questions about the economic effects of U.S. trade policies could influence the country's credit rating in the coming years. Related articles S&P affirms U.S. credit rating, but warns of tariffs outcome These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia Apollo economist warns: AI bubble now bigger than 1990s tech mania
CBS News
17 minutes ago
- CBS News
Winnie Greco, former Adams campaign adviser, allegedly hands journalist cash stuffed in potato chip bag
Just when you think the New York City mayor's race can't get much stranger, it's now all that and a bag of chips - literally. Former City Hall adviser Winnie Greco allegedly handed journalist Katie Honan cash stuffed into a potato chip bag following an Eric Adams re-election campaign event Wednesday in Harlem. Greco, Adams' former director of Asian affairs, resigned from City Hall last year after the FBI raided her home during his corruption case. Honan is a journalist for the website The City. A spokesman for the mayor's reelection campaign said, in part, Greco "holds no position in this campaign and has been suspended from all volunteer campaign-related activities." According to Honan, a red envelope she found inside the bag of chips had at least one $100 bill and several $20 bills inside. Honan says she tried to return the cash and quickly notified the Adams campaign and the Department of Investigation. Greco's attorney, Steven Brill, told The Associated Press the situation was being "blown out of proportion." "This was not a bag of cash," Brill wrote in an email. "In the Chinese culture, money is often given to others in a gesture of friendship and gratitude. And that's all that was done here. Winnie's intention was born purely out of kindness." Asked why Greco wanted to make such a gesture to Honan, Brill said, "She knows the reporter and is fond of her." The City said it interviewed Greco later Wednesday and she apologized, saying she made "a mistake." "The fact that one of Mayor Adams' closest, longtime advisors would attempt to ingratiate herself to any reporter, much less Katie Honan, with a cash gift is deeply disturbing and speaks to a rampant and blatant disregard for the role of a free and fair press," The City's Editor in Chief Richard Kim said in a statement. "The choice of sour cream and onion chips is also questionable." Word of this incident comes as Adams' former top adviser and closest ally Ingrid Lewis-Martin is one of a handful of people facing new charges. Back in December, Lewis-Martin and her son were indicted for an alleged "long-running bribery, money laundering and conspiracy scheme by using her position and authority as the chief adviser to the New York City mayor, the second-highest position in city government, to illegally influence city decisions in exchange for in excess of $100,000 in cash and other benefits for herself and her son, Glenn Martin II."
Wall Street Journal
18 minutes ago
- Wall Street Journal
Israel Strikes Outskirts of Gaza City as Residents Brace for Invasion
TEL AVIV—Israel is intensifying airstrikes in neighborhoods on the outskirts of Gaza City, raising alarm among residents as the Israeli security cabinet plans to meet Thursday to formally approve plans that would expand the war in Gaza. Residents of Gaza City's packed neighborhoods, where hundreds of thousands of people are believed to be sheltering, reported hearing heavy strikes and explosions overnight. Drones could be heard buzzing overhead, they said.
