JUST IN: The U.S. national debt has surpassed $40 trillion for the first time, marking a grim milestone of federal deficit spending.

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For subscribers: How an unlikely Virginia law could offer a path to justice after a Texas campus sexual assault

Financial Times

FirstFT: Wall Street sheds $3.2tn as Democratic midterm landslide upends AI bet

Democratic and Republican parties are pleading for recount cash in fight over Senate seats in Mississippi and Alaska

Alaska Senate Race

Mary Peltola is on track to maintain her lead, even if the vote count advances to ranked-choice tabulation, our analysis shows.

Ueno Bank crisis

Impeached Paraguayan President Peña is under criminal investigation following a bank collapse, prosecutors say.

Employers will be forced to include salary details in job adverts under Burnham plans

A defiant Pete Hegseth has vowed to fight “sham articles of impeachment” as he faces rising pressure following the GOP's midterms wipeout.

Paging Dr. Wyle

Noah Wyle went from 'ER' to 'The Pitt.' Now, a court has found striking similarities between the 2 shows as a lawsuit moves ahead.

Editor's Picks / Must Reads

Exclusive details: Alaska Senate candidate 'Decoy Dan' Sullivan has intimate ties to Mary Peltola donor

After the Sell-Off

Nasdaq drops into correction territory — here’s what typically happens next

'Married at First Sight UK' canceled after 2 women were allegedly raped by their husbands during production

Big bet backfires

Elon Musk spent at least $445 million to boost Republicans in the midterms. After GOP losses, his companies could pay the price.

Ambulance worker injured and police vehicle set alight as emergency services targeted with fireworks

Voters back taxing the rich

California’s billionaire tax may fail, but other rich-tax measures won

Stunning losses on Wall Street as S&P 500, Nasdaq see biggest market cap drops ever in wake of midterms