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Biden student loan debt forgiveness plan suffers another setback A federal appeals court on Wednesday declined to shelve a lower court’s ruling blocking President Biden’s student debt relief plan as the administration’s full appeal proceeds. The decision from the New Orleans-based U.S. Court of Appeals for the 5th Circuit marks the second appeals court to…
Powell: Fed will keep raising rates, but at slower pace Federal Reserve Chair Jerome Powell said Wednesday the central bank will keep raising interest rates to fight inflation but at a slower pace, signaling a slow-down in rate hikes that have raised costs on new mortgages and car payments to slow the economy. In a…
House votes to avert rail strike, provide workers paid sick leave The House passed a bill on Wednesday to avert a railway strike, taking the first major step in avoiding a walkout of workers that would have drastic effects on the U.S. economy as it heads into the holiday season. The chamber passed the resolution…
Biden calls on Congress to intervene to avert rail shutdown President Biden on Monday called on Congress to pass legislation to avert a rail shutdown before Dec. 9, warning of major disruptions to the U.S. economy if lawmakers don’t act. He said Congress should pass a bill “immediately to adopt the Tentative Agreement between railroad…
What to know about the pause on student debt relief The legal challenges facing the Biden administration over its student loan forgiveness program is leaving borrowers in limbo as the White House is now forced to halt administering the program until the Supreme Court rules on the matter. Spirits among advocates were high when the…
Trump met with white supremacist Nick Fuentes alongside Ye at Mar-a-Lago Former President Trump had dinner with white nationalist Nick Fuentes this week at his Mar-a-Lago property in Florida, Axios first reported on Friday. The dinner happened on Tuesday night alongside rapper Ye, formerly known as Kanye West, who had said Trump was “basically screaming…
Five crucial questions as Russia-Ukraine war enters winter As winter sets in across Ukraine, Russia’s aerial assaults on the country show no sign of letting up. Even as Kremlin forces pound Ukraine’s cities and key infrastructure, Kyiv’s military has proven resilient, pushing Russian troops out of occupied territory in eastern and southern Ukraine. Further shoring…
Senate Democrats call for criminal investigation of FTX founder Sam Bankman-Fried Sens. Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) sent a letter to the Department of Justice (DOJ) Wednesday calling for a criminal investigation of what they called the “fraudulent tactics” of Sam Bankman-Fried, the founder and CEO of FTX Trading Ltd., which filed for…
Accountant testifies Trump reported significant tax losses for a decade An accountant for former President Trump has testified that the former president reported major losses on his tax returns every year for a decade, including a $700 million loss in 2009. The Associated Press reported on Wednesday that Donald Bender, who has served as Trump’s…
Supreme Court declines to shield Trump tax returns from Congress The Supreme Court on Tuesday rejected an emergency appeal from former President Trump seeking to shield his tax returns from House Democrats, capping a multiyear legal battle and paving the way for the release of his tax returns. The order — which had no noted…