You are looking at the HTML representation of the XML format.
HTML is good for debugging, but is unsuitable for application use.
Specify the format parameter to change the output format.
To see the non HTML representation of the XML format, set format=xml.
See the complete documentation, or API help for more information. 
<?xml version="1.0"?>
<api>
  <query-continue>
    <recentchanges rccontinue="2023-12-13T20:42:56Z|14483" />
  </query-continue>
  <query>
    <recentchanges>
      <rc type="edit" ns="0" title="CAS 417 - Cost of Money as an Element of the Cost of Capital Assets under Construction" rcid="14493" pageid="479" revid="14036" old_revid="14035" timestamp="2024-05-08T18:17:10Z" />
      <rc type="edit" ns="0" title="CAS 417 - Cost of Money as an Element of the Cost of Capital Assets under Construction" rcid="14492" pageid="479" revid="14035" old_revid="14034" timestamp="2024-05-08T18:16:49Z" />
      <rc type="edit" ns="0" title="CAS 417 - Cost of Money as an Element of the Cost of Capital Assets under Construction" rcid="14491" pageid="479" revid="14034" old_revid="10323" timestamp="2024-05-08T18:16:01Z" />
      <rc type="edit" ns="0" title="CAS 401 - Consistency in Estimating, Accumulating, &amp; Reporting Costs" rcid="14490" pageid="362" revid="14033" old_revid="7624" timestamp="2024-05-08T14:53:15Z" />
      <rc type="edit" ns="0" title="Capitlization Policy II" rcid="14489" pageid="2725" revid="14032" old_revid="14031" timestamp="2024-04-23T19:50:40Z" />
      <rc type="edit" ns="0" title="Capitlization Policy II" rcid="14488" pageid="2725" revid="14031" old_revid="14030" timestamp="2024-04-23T19:50:07Z" />
      <rc type="edit" ns="0" title="Capitlization Policy II" rcid="14487" pageid="2725" revid="14030" old_revid="14029" timestamp="2024-04-23T19:48:12Z" />
      <rc type="new" ns="0" title="Capitlization Policy II" rcid="14486" pageid="2725" revid="14029" old_revid="0" timestamp="2024-04-23T19:47:54Z" />
      <rc type="edit" ns="0" title="Capitalization Policy" rcid="14485" pageid="2351" revid="14028" old_revid="13470" timestamp="2024-04-23T19:17:10Z" />
      <rc type="edit" ns="0" title="Acronyms" rcid="14484" pageid="278" revid="14027" old_revid="14008" timestamp="2024-04-04T16:49:15Z" />
    </recentchanges>
  </query>
</api>