According to the Bureau of Labor Statistics (BLS) the U.S. annual inflation rate was unchanged at 3.7 percent in September. There was a rise at
The House voted on Thursday to provide $300 million in aid to Ukraine, passing 311-117, in a stand-alone bill that was detached from the annual
On Tuesday the House passed a procedural vote allowing consideration of four individual spending bills totaling almost $1.1 trillion just days before the fiscal year
Another procedural vote is scheduled in the House on Tuesday on allowing budget bills to be debated individually on the floor for four Fiscal Year
Members of the House Select Committee on the Chinese Communist Party are looking into whether the Biden Administration is actively supporting Chinese companies to expand
According to the minutes from the June Federal Open Market Committee (FOMC) policy meeting, Federal Reserve officials agree that more rate hikes are ahead but
On Monday U.S. Treasury Secretary Janet Yellen met with China’s ambassador amid the ongoing chip war between the U.S. and China as new restrictions on
U.S. Treasury Secretary Janet Yellen will visit China this week for talks with senior Chinese officials as part of an effort of the Biden administration
The Federal Deposit Insurance Corporation (FDIC) said it mistakenly released an unredacted document showing the biggest Silicon Valley Bank (SVB) customers who were bailed out
As diamond prices have been crashing for the last year and a half, diamond deflation has arrived with a bang, with levels not seen since
Institutional brokerage and advisory firm Strategas said market liquidity has fallen by $150 billion since the U.S. debt ceiling was suspended earlier this month. According
The U.S. Senate has passed the Fiscal Responsibility Act by a vote of 63-36. Working until late Thursday night, the Senate heard and rejected 11
Senate Majority Leader Chuck Schumer (D-NY) has said that the Senate will “stay in session until we send a bill avoiding default to President Biden’s
The U.S. House of Representatives passed the Fiscal Responsibility Act in a bipartisan vote of 314 to 117 on Wednesday temporarily suspending the nation’s debt
White House Press Secretary Karine Jean-Pierre has clarified that President Biden will not negotiate on the debt ceiling during a scheduled May 9 meeting with
President Biden is set to meet with Congressional leaders on May 9 to discuss how the U.S. will avoid running out of money after Treasury
Experts say the acquisition of First Republic Bank by JPMorgan Chase is an indication of increasing consolidation in U.S. banking in which large banks become
Treasury Secretary Janet Yellen has informed Congress that the U.S. could reach its debt limit as soon as June 1 if the debt limit is
The fate of failing First Republic Bank is still unknown and while the The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal
On Tuesday in an interview with CBS News, Mark Zandi, Moody’s Analytics Chief Economist, said “things are going to start to wobble and break and
Credit Suisse, Switzerland’s second biggest lender, announced it would borrow up to 50 billion Swiss francs, equivalent to $53.68 billion, from the Swiss National Bank
Moody’s Investor Service, one of three major rating entities, has downgraded the U.S. banking system from “stable” to “negative.” Following the most significant bank failure
In just 48 hours the banking sector has experienced the collapse of two major U.S. banks — Silicon Valley Bank (SVB) and Silvergate. SVB serviced
President Biden defended the U.S. banking system’s stability after the collapse of Silicon Valley Bank. While the impacted depositors will have their money guaranteed, Biden
Rep. James Comer (R-KY), Chairman of the House Oversight Committee, is calling for an investigation of the Secret Service concerning it’s ‘bizarre’ behavior regarding Hunter
Speaker of the House Kevin McCarthy (R-CA) said, “The President and I had a good first meeting,” referring to negotiations on raising the U.S. debt
