Larry Summers steps back from public commitments

Larry Summers Cameron Costa | CNBC Former Treasury Secretary Larry Summers said Monday that he was stepping back from all public commitments amid fallout from the release of emails between him and sex offender Jeffrey Epstein. “I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for…

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Replace ACA tax credits with HSAs: Sen. Bill Cassidy

Sen. Bill Cassidy on Monday proposed replacing enhanced Affordable Care Act premium tax credits with pre-paid health savings accounts. The Louisiana Republican’s proposal comes as lawmakers scramble to find a remedy for skyrocketing costs of Obamacare health insurance premiums. The boosted ACA tax credits, which this year have lowered the cost of Obamacare plans for…

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AI super PAC targets NY Democrat Alex Bores midterms kickoff

A bipartisan super PAC launched by a slew of artificial intelligence leaders has picked its first target: a Democratic congressional candidate who helped lead an effort to put safety measures on the AI industry. Alex Bores, a New York State Assembly member, has pushed “ideological and politically motivated legislation” that would “handcuff” the nation’s edge…

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Reeves must raise tax and cut spending, markets say

Chancellor of the Exchequer Rachel Reeves speaks on stage during the Labour Party conference on Sept. 29, 2025, in Liverpool, England. Ian Forsyth | Getty Images U.K. Finance Minister Rachel Reeves is walking a tightrope as her critical Autumn Budget looms, as pressure mounts to appease voters, shore up public finances and convince money markets…

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Japan travel stocks sink as China-Japan spat deepens

Visitors in front of the Cinderella Castle at Tokyo Disneyland in Tokyo, Japan on Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Japan’s tourism-exposed stocks fell on Monday as tensions with China intensified after Beijing issued a travel and study alert for Chinese citizens considering going to Japan. Beauty and cosmetics firm Shiseido, which…

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