Finance
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US debt surpasses $33 trillion as Republicans demand budget cuts
The historic debt is a major topic as Congress discusses the 2024 fiscal year budget, which runs from October 2023 through September 2024.
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Price of Disney shares drop to lowest level in nearly nine years
Critics of the iconic American entertainment company pin Disney’s slide on what they consider its adopting and supporting an ultra-liber, so-called “woke” agenda.
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Christian mission serving Uganda says Bank of America closed its accounts as debanking spreads
Chase, Bank of America and PayPal have all been accused of severing ties with organizations blacklisted by the D.C. power elite. The banking giants say they have reputations to protect and Bank of America told the Christian group that all of its accounts would be closed because its "risk profile no longer aligns with the bank's risk tolerance."
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Christie says he’s willing to change Social Security, Medicare to save them
Former NJ governor proposesb means testing and raising the eligibility age for people under 50.
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Fitch downgrades U.S. credit from AAA to AA+
Treasury Secretary Janet Yellen railed against the decision, calling it "arbitrary and based on outdated data."
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Bidenomics: US credit rating downgraded by Fitch over growing debt, 'deterioration' in governance
Fitch also projected that the U.S. economy will enter a "mild recession."
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Federal Reserve raises interest rates by quarter point to combat inflation
The new target federal funds rate is in the range of 5.25% to 5.5%.
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GOP Rep. Meuser presses SEC over delayed Truth Social merger
"Please know that congressional scrutiny of this matter will continue," he warned.
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Biden's new student loan plan could cost as much as $559 billion, Penn Wharton predicts
The medium prediction stands at $475 billion.
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Fourth of July cookout costs 15% more since Biden took office
The double-digit increase in the cost of ground beef to make hamburgers has contributed to the over cost of a red, white and blue cookout.
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BlackRock recruiter says $10k 'can buy a senator,' calls Ukraine war 'good for business': Video
BlackRock, the world's largest asset management firm, can "run the world," the recruiter said in the video.
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U.S. stands to lose up to $120 billion under global minimum tax plan, analysis finds
The JCT considered multiple scenarios based on when or if the U.S. or the rest of the world adopts the plan, resulting in estimate revenue losses ranging from $56.5 billion to $120 billion.
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Federal Reserve maintains interest rates after 10 straight hikes to combat inflation
The bank expressed confidence in the banking system after three major U.S. bank collapses this year.