MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct 2, 2023--

For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit

WASHINGTON A group of bipartisan U.S. lawmakers introduced legislation Wednesday to bar automakers from eliminating AM broadcast radio

Reliance Industries Ltd. fell for a fifth day, pushing India’s largest company by market valuation into oversold territory

By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service said on Friday it is taking steps to crack down on

George Santos described criminal charges against him as a “witch hunt” in a defiant press conference following his arrest on Wednesday. The New York congressman spoke outside a federal courthouse after being arraigned on charges of fraud, theft of public funds and money laundering. “It’s a witch hunt,” he told a crowd of reporters. “I’m gonna fight my battle, I’m gonna deliver, I’m gonna fight the witch hunt, I’m gonna take care of clearing my name,” he said, adding that he was planning to run for reelection. The 34-year-old congressman for New York’s third district, who won his election after a campaign that was littered with lies about his past, was arrested shortly after 9am after turning himself in to authorities. In the 13-count indictment, federal prosecutors accused Mr Santos of lying on financial disclosure forms he filed to the House when he became a candidate, first by overstating his income from one job and failing to disclose income from another, and secondly by lying about his earnings from his company, the Devolder Organization. Prosecutors also allege that Mr Santos fraudulently used donations to his political campaign for his own benefit, spending “thousands of dollars of the solicited funds on personal expenses, including luxury designer clothing and credit card payments.” The indictment alleges that Mr Santos’s fraud began before his successful run for Congress, accusing him of running an unemployment insurance fraud scheme in which he applied for government assistance in New York while still employed by a Florida-based investment firm. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself,” Breon Peace, the US attorney for the Eastern District of New York, said in a statement. Mr Santos pleaded not guilty to the charges and was released on a $500,000 bond following his arraignment, which lasted for around 15 minutes. His lawyer said that the congressman surrendered his passport to the court. Mr Santos could face up to 20 years in prison if convicted. Read More Here are the 13 counts New York Rep. George Santos faces George Santos pleads not guilty to duping donors, stealing campaign cash to burnish wealthy image George Santos pleads not guilty to 13 charges – live

Federal Reserve Governor Michelle Bowman said US banks need better supervision rather than higher capital requirements because they

Ecuador’s opposition-dominated National Assembly opened an impeachment trial against President Guillermo Lasso in its second attempt to oust

Over 400,000 people in Crimea were left without power on Monday, after hurricane force winds and heavy rains battered the Russian-annexed...

By Howard Schneider WASHINGTON Economists who have studied employment during the recovery from the coronavirus pandemic agree that

By Rachel Savage JOHANNESBURG The New Development Bank of the BRICS group of nations will not be announcing

The Supreme Court is wrestling with whether public officials can block critics from commenting on their social media accounts