Update 770 — Major Student Debt Relief ReduxBiden’s Effort to Make Good on 2020 Promises On Monday, President Biden announced a plan to provide an estimated $84 billion in new debt relief for nearly 30 million of the 43 million borrowers facing $1.6 trillion in outstanding federal student loans. The effort seeks to make good …
Today, 20/20 Vison was proud to join over 140 organizations in submitting a comment in support of the Consumer Financial Protection Bureau’s proposed rule to rein in overdraft fees by the largest financial institutions.
Update 767 — Weekly Econ. Roundup:Prices, GDP, SBF, a Bridge in Baltimore While Congress began a two-week recess, the economic world took no time off, with new readings in on prices and GDP, a decades-long prison sentence for fraud for the disgraced Sam Bankman-Fried of FTX notoriety, and an infrastructure disaster in Baltimore that Congress …
Update 766 – Impact of Organized Labor On Wages, Conditions, Markets, Politics For several years now, we have seen a labor market so “tight” that job opportunities have outnumbered workers available to fill them, with big gains in wages as demand outstrips supply. Within that market is organized labor, which has seen, or led, much of …
Update 765 — FY24’s Bell Lap at LastDOJ vs Apple; Bank Merger Rules; NAR Congress is poised to pass the six remaining appropriations bills for FY24 almost halfway through the current fiscal year. Though disagreements between Speaker Johnson and the White House endangered the package in its final stages of negotiation, Democrats have emerged from …
Update 764 — FOMC’s Dot Plot Thickens:Fed Holds Rates Steady, Cut Timing Unsure The Fed decided once again today to maintain its 5.25 to 5.50 percent interest rate, keeping rates at the same level since July, seeing neither an imminent resurgence in nor retreat from the annualized ballpark three percent inflation rate that has settled …
Update 763 — 2024 Prices’ Holding PatternCPI Pause to Beget Another Fed Rate Pause The most critical economic variable in the minds of voters today is probably the cost of living — everyday expenses and purchasing power. Over the coming months, Americans will make choices about whether to vote and how with these in mind. …
Update 762 — Menu for the Next Trifecta:Biden’s Budget Details Economic Goals President Biden submitted his FY25 budget proposal to Congress on Monday, not a program anyone expects to see this Congress enact, but a set of policy aspirations and a full-blown vision of a progressive agenda for the campaign ahead and a menu of …
Update 761 — Biden’s SOTU: Opening SalvoOffers Contrast on Economic Policy Priorities In last night’s State of the Union, President Biden delivered a forceful reprisal of the powerful American economic recovery and proposed measures to build on it — cutting costs, protecting and expanding programs, and making the wealthy pay their fair share in taxes. …
Update 760 — Setting the SOTU Stage:(How) Can Biden Make Economic Case? Tomorrow night, a likely prime-time audience of 30 to 40 million Americans will tune in to watch President Biden’s third State of the Union (SOTU) address. The state of the nation’s economy is strong, by almost any measure, and Biden will no doubt …
