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The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to more than 300, the government said. Higher trading revenues at big banks helped the industry earn a $7.6 billion profit in the January-March period, compared with a record loss of $36.9 billion in the fourth quarter.

The president's business canceled memberships in the National Jupiter Golf Club, but kept the fees. A federal court has ruled the company must refund nearly $6 million.

Texas oil worker Guy Reffitt has been sentenced to more than seven years in prison for his role at the U.S. Capitol on Jan. 6. The judge declined to add more punishment for domestic terrorism.

A decline in demand for durable goods tempered enthusiasm about strong personal spending and improved jobless numbers, causing retailers to worry that continuing economic concerns will put a damper on holiday shopping. Consumer spending rebounded in October, rising 0.7 percent.

New-home sales rose 4.7 percent in February over the previous month, the Commerce Department reported; economists had been expecting a drop. Durable goods orders also rose.

The unemployment rate rose to 8.1 percent in February — the highest since 1983 — as payrolls plummeted by 651,000, the Labor Department said Friday. The rate was up from January's 7.6 percent.

Under the latest proposal, the Sacklers would contribute between $5.5 billion and $6 billion, an increase from the $4.3 billion they had agreed to earlier.

The officer, who was attacked with chemical spray during the insurrection, suffered a series of strokes and died the day after the Jan. 6 attack.

Matthew Bissonnette, who wrote a best-seller about the Osama bin Laden raid, has agreed to pay more than $6 million to resolve civil breach of contract claims with the government.

Former Trump White House trade adviser Peter Navarro was convicted last year for defying a subpoena from the House committee investigating the Jan. 6 Capitol attack.