>>Biden: The U.S. Will Not Default On Its Debts
(Washington, DC) -- President Biden says the U.S. will not default on its debts. Biden spoke to reporters at the White House on Wednesday about the negotiations underway with top Republican Kevin McCarthy to raise the debt ceiling ahead of the June 1st deadline. The President said, "We're going to come together because there's no alternative," and that the negotiations are about the outlines of the budget and not about whether the U.S. will pay its debts. Biden assured, "We will not default." Republicans have been calling for spending cuts in exchange for a deal to raise the debt limit.
>>IRS Flags More Than A Million Tax Returns For Fraud
(Washington, DC) -- More than a million tax returns are flagged for potential identity fraud. According to the IRS, more than six-billion-dollars in refunds need additional review. An interim report on this year's filing season says the agency found the returns using identity theft filters. The IRS said nearly 13-thousand returns are confirmed to be fraudulent, stopping over 105-million-dollars in refunds to be sent out. That's up about three-thousand from the amount of fraudulent returns the same time last year.
>>Deutsche Bank To Pay $75M To Settle Epstein Accusers' Lawsuit
(New York, NY) -- Deutsche Bank is agreeing to pay 75-million dollars to settle a lawsuit by women who accuse the German bank of facilitating the late financier Jeffrey Epstein's sex trafficking. Attorneys for the women confirmed the Manhattan federal court settlement late Wednesday. Epstein was a Deutsche Bank client from 2013 to 2018. He died by an apparent suicide while in federal custody in August, 2019 as he was waiting to go on trial for sex trafficking.
>>Google Announces Plan To Delete Accounts Inactive For Two Years
(Mountain View, CA) -- Google is deleting accounts that have been inactive for at least two years. The company says the move will curb security risks. The process will begin in December, but the updated policy takes effect now, with the tech giant sending out warning notifications now. Google says the first to go will be accounts created and then never revisited by the user.