Senate Finance chair pushes GOP megadonor for answers about financial ties with Clarence Thomas
Senate Finance Chairman Ron Wyden is pushing back on assertions from GOP megadonor Harlan Crow that the panel lacks authority to request personal tax information and travel records from him as part of a probe into whether hospitality he provided to Justice Clarence Thomas could have triggered violations of US tax law.
2023-05-18 04:59
SEC’s Crenshaw Sees Possible Overlap in Carbon Rules: ESG Latest
The Bloomberg Sustainable Finance Forum is under way, focusing on topics ranging from opportunities in the US market
2023-05-18 03:56
Elizabeth Holmes loses bid to avoid prison
Elizabeth Holmes' last-minute bid to avoid prison was denied by an appellate court on Tuesday, paving the way for the disgraced Theranos founder to begin her sentence.
2023-05-18 03:27
Are you worried about the US defaulting on its debt?
The United States risks could run out of money to pay its bills if Congress is not able to reach an agreement on the debt ceiling. It could happen as soon as June 1, according to warnings from Treasury Secretary Janet Yellen, and could have potentially have far-reaching and dire consequences for Americans, including people who receive benefit payments or run a small business or who are trying to buy a home.
2023-05-18 02:51
Student loan payment pause will end this year, education secretary confirms
The pause on federal student loan payments is still set to end later this year, Education Secretary Miguel Cardona confirmed this week.
2023-05-18 02:23
Bank CEOs huddle with Schumer on the debt ceiling
Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN.
2023-05-18 01:57
Biden says he's confident leaders will reach an agreement on debt limit
President Joe Biden on Wednesday sought to lay out how he'll continue to negotiate with congressional leaders on the budget to raise the debt ceiling -- underscoring that all parties agreed that the United States would not default.
2023-05-17 23:54
IRS chief acknowledges Black taxpayers face higher probability of being audited
Internal Revenue Service Commissioner Daniel Werfel acknowledged in a letter to the US Senate on Monday that Black taxpayers are audited at significantly higher rates than non-Black taxpayers, a revelation he said has left the agency "deeply concerned."
2023-05-17 23:45
US debt ceiling: New negotiators aim to break deadlock
President Joe Biden has cut short a foreign trip as both sides race to strike a deal before 1 June.
2023-05-17 22:56
Biden's past support of work requirements in safety net programs in the spotlight
With work requirements for safety net programs emerging as a central issue in the debt ceiling negotiations, President Joe Biden's past support of such mandates is a point of optimism for Republicans and of concern for his fellow Democrats.
2023-05-17 22:52
How to protect your investments in the debt ceiling standoff
No one can say yet which day the US Treasury would no longer be able to pay all the bills of the United States in full and on time if lawmakers refuse to raise the debt limit.
2023-05-17 22:46
A new CEO won't fix Twitter's biggest problem
During his six months as Twitter's CEO and owner, Elon Musk decimated its ad business, alienated some news publications and VIP users, and plunged the platform into a constant state of chaos. Now, a new chief executive will be tasked with trying to turn things around.
2023-05-17 20:49