The Senate voted 63-36 Thursday night in favor of an agreement to raise the debt ceiling. The legislation, which cleared the House on Wednesday, now heads to President Biden to sign into law. The deal struck by Biden and House Speaker Kevin McCarthy (R-Calif.) also contains provisions to limit government spending. Earlier this week, the American Bankers Association and other financial sector trade associations urged lawmakers in both parties to reach an agreement to prevent what they said would be irreparable harm to the U.S. economy.
FBI: Internet crime losses rose 33% in 2024
Reported losses from suspected internet crimes exceeded $16 billion in 2024, representing a 33% increase from the year before, the FBI’s Internet Crime Complaint Center said in its annual report.