Bloomberg The U.K. faces a yearlong recession if it leaves the European Union, according to a Treasury forecast issued as the government tries to persuade undecided voters that the risks of a so-called Brexit are too great. The Treasury’s assessment of the short-term impacts of a vote to quit the bloc, to be published Monday morning, offers two possibilities. …

  Los Angeles / AP Democratic presidential candidate Bernie Sanders is breaking with the Obama administration and House lawmakers over a plan to restructure Puerto Rico’s $70 billion in debt, saying the legislation would make “a terrible situation even worse.” The Vermont senator writes in a letter released on Monday said that the deal reached last week between the White House …

  Hanoi, Vietnam / AFP President Barack Obama said on Monday he remained confident the Trans-Pacific Partnership (TPP) trade deal would be ratified in the United States despite strong political opposition in Washington. “The reason I remain confident is it’s the right thing to do,” he told reporters in Vietnam where he is currently on a three-day visit. “I have not …