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The Supreme Court’s decision to overturn national protections for abortion has set off a contest between Democratic and Republican lawmakers over whose policies would do more to help vulnerable mothers and children. It's a key issue going into the midterm elections. Republicans such as Florida Sen. Rick Scott say that GOP lawmakers have the responsibility to “do everything in our power to meet the needs of struggling women and their families so they can choose life.” Democrats suggest their rivals are hypocrites who would offer half-measures at best and that voters should judge them accordingly.
Russia appeared to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system amid its war in Ukraine. Moscow owed $100 million in interest on two bonds that was originally due May 27. A 30-day grace period expired Sunday, but there hasn't been an official determination of a default yet. Sovereign debt lawyer Jay S. Auslander says, “For all practical purposes, Russia is in default.” The U.S. ended Russia’s ability to pay international investors through American banks. Russia says it has the money to pay but Western sanctions created “artificial obstacles” by freezing its foreign currency reserves held abroad.
Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system amid its war in Ukraine. Russia faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. But it could take time to confirm a default. A top sovereign debt lawyer says “the overwhelming probability" is Russia won’t be able to pay bondholders “because no bank is going to move the money.” The U.S. ended Russia’s ability to pay international investors through American banks. Russia calls any default artificial because it has the money to pay but sanctions have frozen its foreign currency reserves abroad.
A day after the Supreme Court’s bombshell ruling overturning Roe v. Wade ended the constitutional right to abortion, emotional protests and prayer vigils are turning to resolve as several states enact bans and both supporters and foes of abortion rights map out their next moves. A Texas group that helps women pay for abortions has halted its efforts while evaluating its legal risk under a ban it says will disproportionately hurt poor and minority women. Mississippi’s only abortion clinic is continuing to see patients while awaiting a 10-day notice that will trigger a ban. Some elected officials are vowing to protect women’s access to abortion, while opponents of the procedure say their fight is far from over.
The U.S. Supreme Court has overturned Roe v. Wade, the 1973 decision that had provided a constitutional right to abortion. Friday's ruling is expected to lead to abortion bans in roughly half the states. In anticipation of the decision, several states led by Democrats have taken steps to protect abortion access. The decision also sets up the potential for legal fights between the states over whether providers and those who help women obtain abortions can be sued or prosecuted.
Democratic leaders across the nation are vowing to help women who travel to seek abortions. They also pledged Friday to shield patients and medical professionals from being pursued by authorities in states where the procedure becomes outlawed after the U.S. Supreme Court struck down Roe v. Wade. On the West Coast, the Democratic governors of California, Washington and Oregon issued a joint “multi-state commitment,” saying they will work together to defend patients and care providers. North Carolina Gov. Roy Cooper, also a Democrat, emphasized the importance of the November election. In that state, the GOP controls the Legislature but lacks veto-proof majorities to outlaw abortion.
The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges. The action is part of a proposed settlement in a lawsuit filed against the Trump administration in 2019. The deal would automatically erase federal student debt for students who enrolled at one of more than 150 colleges and later applied for federal debt cancellation because of alleged misconduct by the schools. Almost all of the schools involved are for-profit colleges. Education Secretary Miguel Cardona says the settlement would resolve the claims “in a manner that is fair and equitable for all parties.”