Economy Jun 24 ‘Supply crunch has led to an affordability crunch.’ Yellen announces efforts to help with increased housing costs The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years.
Politics Jun 18 Congressional Budget Office raises federal budget deficit projection by $400 billion Deficits are a problem for lawmakers in the coming years because of the burden of servicing the total debt load, an aging population that pushes up the total cost of Social Security and Medicare and rising health care expenses.
World Jun 13 New $50 billion loan to Ukraine is backed by frozen Russian assets. Here’s how it will work Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral.
World May 23 With Ukraine losing ground, allies debate how to squeeze cash out of frozen Russian assets Many Ukraine supporters want to confiscate the $260 billion to make Russia pay for the widespread damage in Ukraine, and to keep Ukraine going in the fight.
Politics May 21 Trump’s campaign says it will begin accepting contributions through cryptocurrency The Trump campaign launched a fundraising page Tuesday that allows "any federally permissible donor the ability to give" to its political committees using any crypto asset accepted through the Coinbase cryptocurrency exchange.
Politics May 14 WATCH: Biden announces new tariffs on Chinese goods including electric vehicles, solar panels The Democratic president said that Chinese government subsidies ensure the nation's companies don’t have to turn a profit, giving them an unfair advantage in global trade.
Politics May 13 Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming military base The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the removal of certain equipment owned by MineOne Partners Ltd., a firm that is partly owned…
Economy Apr 24 About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds The latest annual report from the program's trustees says the financial safety nets for millions of older Americans will run short of money to pay full benefits within the next decade.
Politics Apr 19 U.S. sanctions fundraisers for extremist West Bank settlers who attacked Palestinians The announcement from the U.S. Treasury Department comes as the West Bank has seen some of its worst violence perpetrated by extremist settlers against Palestinians since the war in nearby Gaza began.
Politics Apr 18 U.S. and UK issue new sanctions on Iran in response to weekend attack on Israel amid escalating tensions In the actions Thursday, Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel.