Fiscal watchdog argues against Biden student debt action
The Committee for a Responsible Federal Budget (CRFB) is pushing against further broad-based student debt relief as the Biden administration weighs taking action, arguing it could risk undermining a Democratic effort to reduce the deficit and fight inflation. An analysis released by the fiscal watchdog on Tuesday looked at the fiscal costs that might take place if President Biden extended the current pause on federal student loan repaym
Read MoreClouds gather over the world economy
Troubles are coming to the world economy not as single spies but in battalions. In setting U.S. monetary policy, the Federal Reserve should take these troubles into account if it wishes to spare the U.S. economy an unnecessarily hard economic landing. Among the more systemic of the world’s economic troubles are those emanating from China, the world’s second-largest economy and until recently the world’s primary economic growth engine. In response to Chinese President Xi Jinping’s
Read MoreCongress reviewing sexual misconduct allegations in Junior ROTC program
U.S. lawmakers have started a review into the military’s Junior Reserve Officers’ Training Corps (JROTC) program following reports last month alleging that dozens of teenage girls were abused by their instructors. In a lette
Read MoreTikTok pushes back on House official’s warning about use
TikTok pushed back on claims that a top House official made last week about security concerns related to the social media platform. The company sent a letter to Chief Administrative Officer of the House Catherine Szpindor on Thursday, obtained by Politico. The company wrote that her “TikTok Cyber Advisory” contains inaccurate infor
Read MoreFetterman in new ad blames Washington for economic 'mess'
Pennsylvania Senate candidate John Fetterman is blaming Washington, D.C., for the economy’s “mess” in a new ad released on Tuesday. “The truth is that our economy is a mess because of Washington. The rich, powerful, the insiders and the lobbyists. They’re lying about me to take the heat off themselves. It’s Washington’s fault,” Fetterman, a Democrat, says in the 30-second ad, called “Washington to Blame.” “They set the rules, weakened our supply chain and spiked inflation. But we can fix our economy,” he continues
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