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WASHINGTON (AP) — Secretary Janet Yellen is telling Congress that the Treasury Department will likely exhaust all of its “extraordinary measures” to avoid an unprecedented default on the government’s obligations by Oct. 18. Yellen warned Congress three weeks ago that the Treasury would run out of maneuvering room by mid-October and gave a specific date

BEIJING (AP) — A Chinese real estate developer that is struggling to avoid defaulting on billions of dollars of debt says it will make an interest payment due this week to bondholders in China. It gave no sign of plans to pay on a separate bond abroad. Meanwhile, the government added to investor anxiety by

CHICAGO (AP) — A Chicago woman has been charged with obtaining dozens of young homicide victims’ death certificates and using them to defraud the government out of thousands of dollars in tax refunds and coronavirus stimulus payments. Katrina Pierce faces federal charges of wire fraud and aggravated identity theft, according to a criminal complaint made

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WASHINGTON (AP) — Massive government relief passed in response to the COVID-19 pandemic moved millions of Americans out of poverty last year, even as the official poverty rate increased slightly. That’s according to Census Bureau reports released Tuesday. The official poverty measure showed an increase of 1 percentage point in 2020, with 11.4% of Americans