Tag Archives: Biden

For SoFi CEO Anthony Noto, the topic of excessive student loan debt is personal and runs far deeper than him being CEO of a fintech company that refinances student loans. “My younger brother Tommy died in 2018, and it was a very traumatic experience for us as a family. My older brother and I were going through his belongings in his apartment a couple days after he passed away. On his desk was a letter from Mohela. I opened up that letter [from] a 47-year-old man who had been incredibly… Source link

News groups dedicated to discrediting misinformation have a history of amplifying misinformation. On Wednesday, The New York Times conceded the authenticity of a laptop abandoned by Hunter Biden whose content was found and published in October 2020 then censored as “fake news.” The computer’s files, first obtained by the New York Post after the laptop was abandoned at a Delaware repair shop, exposed new layers of family corruption as then-former Vice President Joe Biden ran… Source link

(Bloomberg) — President Joe Biden is under pressure to invoke Cold War-era powers to force more domestic oil production as the war in Ukraine strains supplies, raising gasoline prices and fueling inflation. Most Read from Bloomberg Lawmakers and labor activists have urged Biden to compel deployment of drilling rigs and solar panels using the 1950 Defense Production Act, the same authority wielded by Harry Truman to make steel for the Korean War and Donald Trump to spur mask production to… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 10, 2022 Plaudits for Biden on crypto order, but challenges loom The pistol for cryptocurrency regulation has officially been fired — and the crypto world is ready and raring to go. On Wednesday, the Biden administration issued its hotly-anticipated executive order that directs the federal government (with the advice and consent… Source link

Americans across the country are feeling the cost of war as they head to the gas pumps. Gas prices haven’t yet reached record highs (when adjusted for inflation), but they are at levels not seen since 2008 as a result of the Russian invasion of Ukraine and ensuing sanctions. On Tuesday, President Biden announced the ban on Russian energy imports — and warned about the ripple effects for regular Americans. And according to Brian Deese, director of the White House’s National Economic Council,… Source link

President Joe Biden on Wednesday will officially sign an executive order directing agencies to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide approach to regulating digital assets. The long-awaited order lays out a national policy for digital assets across priorities, including, consumer and investor protection, financial stability, illicit finance, maintaining U.S. leadership in the global financial system and financial inclusion. The… Source link

WASHINGTON (AP) — President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump. The action follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion…. Source link

When President Joe Biden wanted to talk about building electric vehicle chargers as part of his “Made in America” initiative last week, he turned to the U.S. wing of a German technology conglomerate. It was Siemens USA CEO Barbara Humpton who was on stage with the president on Friday to announce $54 million in new investments, including a new plant that promises to be a centerpiece of the company’s efforts to produce over a million EV chargers in the U.S. over the next four years. The… Source link

The authors are former commissioners of the IRS. The IRS is in crisis. Geoffrey Chaucer said 632 years ago that curses come back to haunt their originator, just as birds come back to their own nest. He didn’t realize it at the time, but he correctly predicted that years of starving the Internal Revenue Service of funds would create a deep level of dysfunction that is a curse on millions of honest taxpayers. Taxpayers owed refunds are often not getting them and cannot find out why; taxpayers… Source link

President Joe Biden focused much of his State of the Union address tonight on Russia’s invasion of Ukraine but he also wanted Americans to hear his message on surging inflation. “One way to fight inflation is to drive down wages and make Americans poorer,” he said as he attempted to reframe his domestic agenda, adding “I have a better plan to fight inflation: lower your costs, not your wages.” Biden delivered his optimistic economic message Tuesday to remind Americans of economic progress like… Source link