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CEOs got smaller raises. It would still take a typical worker two lifetimes to make their annual pay

After ballooning for years, CEO pay growth is finally slowing. The typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year, to a median of $14.8 million, according to data analyzed for The Associated Press by Equilar. That means half the CEOs in the survey made more and half made less. It was the smallest increase since 2015. Still, that's unlikely to quell mounting criticism

Private flight with 2 Saudi astronauts returns from space station with Gulf of Mexico splashdown

CAPE CANAVERAL, Fla. (AP) - A private flight carrying two Saudi astronauts and other passengers returned to Earth late Tuesday night after a nine-day trip to the International Space Station. The SpaceX capsule carrying the four parachuted into the Gulf of Mexico, just off the Florida panhandle, 12 hours after undocking from the orbiting lab. The Saudi government picked up the multimillion-dollar tab for its two astronauts: Rayyanah Barnawi, a

China launches new crew for space station, with eye to putting astronauts on moon before 2030

BEIJING (AP) - China launched a new three-person crew for its orbiting space station on Tuesday, with an eye to putting astronauts on the moon before the end of the decade. The Shenzhou 16 spacecraft lifted off from the Jiuquan launch center on the edge of the Gobi Desert in northwestern China atop a Long March 2-F rocket just after 9:30 a.m. (0130 GMT) Tuesday. The crew, including China's first

Changes to food aid in debt bill would cost money, far from savings GOP envisioned

WASHINGTON (AP) - A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years - far from the cuts GOP lawmakers had promised. A compromise on the food aid requirements between House Republicans and President Joe Biden as the nation nears a disastrous government default may have backfired for the Republicans, who won the

Christie allies launch super PAC ahead of expected 2024 campaign for the GOP presidential nomination

NEW YORK (AP) - Allies of former New Jersey Gov. Chris Christie have launched a new super PAC to support his expected candidacy for the Republican presidential nomination. Christie has painted himself as the only potential candidate willing to directly take on former President Donald Trump, who is currently leading the GOP field by wide margins. The former governor and federal prosecutor was a longtime friend and adviser to Trump,

Ruling clears way for Purdue Pharma to settle opioid claims, protect Sacklers from lawsuits

A federal court ruling cleared the way Tuesday for OxyContin maker Purdue Pharma's settlement of thousands of legal claims over the toll of opioids. Under the plan approved by the 2nd U.S. Circuit Court of Appeals in New York, members of the wealthy Sackler family would give up ownership of Stamford, Connecticut-based Purdue, which would become a new company known as Knoa, with its profits being used to fight the

No deaths reported after rescuers rush to save residents from Iowa building collapse, officials say

DAVENPORT, Iowa (AP) - Firefighters and other first responders are being credited with saving lives - at great risk to their own safety - after a six-story apartment building in Iowa partially collapsed, authorities said Monday. There were no confirmed fatalities and no known people still trapped the morning after a section of brick building in the eastern Iowa city of Davenport crashed to the ground. Mayor Mike Matson said

Debt ceiling deal: What’s in, what’s out of the bill to avert US default

WASHINGTON (AP) - The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99-page bill that would suspend the nation's debt limit through 2025 to avoid a federal default while limiting government spending. The Democratic president and Republican speaker are trying to win over lawmakers to the plan in time to avert a default that would shake the

Ready for a digital euro? At 25, European Central Bank preps for future of money

FRANKFURT, Germany (AP) - As it marks its 25th anniversary Wednesday, the European Central Bank is readying a proposed design for a digital version of the euro, responding to pressure from developing technology that could change how money is used over the bank's next decades. ECB President Christine Lagarde says a digital euro could offer a way for people to buy things without depending on payment service providers controlled by