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TX Abortion Bill | Bank Crisis

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TX Abortion Bill | Bank Crisis

We speak with CBS Reporter Linda Kenyon in Washington, DC on Texas Abortion Pill and Banking Crisis

BANKING CRISIS
It’s been a volatile 24 hours on Wall Street, with stocks reeling in the wake of a shaky banking sector – with fear spreading to the EU. Shares of the Swiss Bank Credit Suisse plunged more than 20 percent on Wednesday to an all-time low, after a Saudi bank-a top investor-said it wasn’t interested in pumping new investments into it. The Swiss central bank has pledged financial help for Credit Suisse. The bank has been beset by problems. It follows criticism of how Silicon Valley Bank was run, before it collapsed. US regulators shut down SVB, and New York’s Signature Bank.

TEXAS ABORTION PILL
A Texas judge heard arguments on Wednesday in a lawsuit that poses a threat to the nationwide availability of medication for abortion. The hearing included speakers from the Biden Administration and several physicians’ groups. The forthcoming decision is in response to a request from anti-abortion medical associations to order the FDA to withdraw its approval of the drug mifepristone. The ruling could affect states regardless of whether abortion is legal. Medication-induced abortions account for more than half of abortions.

Local Headlines

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Maine U.S. Attorney Warns Protesters Not Interfere with ICE Actions

Fresh

It comes ahead of the rumored deployment of ICE agents to Portland and Lewiston this week.

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Gray Man Arrested in Lisbon Store Theft Investigation

Officers say they arrested the suspect in an investigation that began in December

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3 New York Men Face Charges in Bank Fraud Scheme in Maine

The scheme involved a man impersonating a customer using the customer's information.

National Headlines

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NASA sends 4 astronauts back to Earth in first medical evacuation

An astronaut in need of doctors' care departed the International Space Station with three crewmates on Wednesday in NASA's first medical evacuation.

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Trump threatens to use the Insurrection Act to end protests in Minneapolis

President Donald Trump on Thursday threatened to invoke the Insurrection Act and deploy troops to quell persistent protests against the federal officers sent to Minneapolis to enforce his administration's massive immigration crackdown.

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Luxury retailer Saks seeks bankruptcy protection overwhelmed by debt

The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago.