Economy Archives - Page 6 of 58

Democrats Outraged as Biden Botches Debt Ceiling Negotiations: ‘Never Seen Anything Like It’

Democrats have been blasting Joe Biden as the president appears to be botching negotiations with Republicans regarding the possibility of raising the debt ceiling. Biden and Republican House Speaker Kevin McCarthy (R-CA) have yet to reach an agreement on raising the debt ceiling, despite ongoing talks. However, McCarthy did indicate…

NYC Officials Freeze Accounts after Banks Fail to Submit Plans to ‘Combat Discrimination’

New York City officials have placed limits on accounts at two top banks after the financial institutions failed to submit their plans for combatting "discrimination in their operations." NYC Comptroller Brad Lander limited account deposits on Thursday at Capital One and KeyBank for failing to submit the required plans. The move…

Biden Threatens to Raise Debt Ceiling Using 14th Amendment without GOP Support

President Joe Biden has claimed that he can use the 14th Amendment to raise the debt ceiling if Republicans refuse to agree to the plan. Biden made the threat during a Sunday press conference at the Group of Seven (G-7) summit in Hiroshima, Japan. “I’m looking at the 14th Amendment…

Biden Claims He’s ‘Blameless’ If America Defaults on Debt: ‘I’ve Done My Part’

Democrat President Joe Biden has declared that he would be "blameless" in the catastrophic event that the United States defaults on the national debt. Defaulting on the debt in the coming days is becoming increasingly likely, an event that would be devastating to the U.S. economy. However, Biden claims that…

Republicans and Democrats Unite to Keep Big Bankers off Federal Reserve Boards

Two opposing U.S. senators have joined forces in a bipartisan effort to keep the presence of big banks away from Federal Reserve boards of directors. Sens. Elizabeth Warren (D-MA) and Rick Scott (R-FL) have proposed a bipartisan bill to keep big bankers off the boards of regional Federal Reserve banks.…

Business Index Exposes Corporations Threatening Free Speech and Religious Freedoms

Several major corporations have been exposed for their support of suppressing the free speech and religious freedoms of the American people. Many companies celebrate "transparency" when it comes to "woke" issues such as diversity, gender identity, and "climate change." However, they often remain silent on issues like free speech and…

Janet Yellen Warns Catastrophic Default Will Trigger ‘Unprecedented Economic and Financial Storm’

Democrat President Joe Biden's Treasury Department Secretary Janet Yellen has warned that “time is running out” for America to avoid a catastrophic default on the national debt. Yellen is urging Congress to lift the debt ceiling to avert a default, which she warns would be devastating for the economy. According…

Biden’s Top Economic Advisor Admits Biggest Fear Among U.S Business Leaders Is ‘Catastrophic’ Debt Default

One of President Joe Biden's top economic advisors has admitted that American business leaders are becoming increasingly fearful that the federal government will default on the U.S. national debt. Lael Brainard, director of the White House National Economic Council, said Sunday that U.S. business leaders’ chief concern is the looming…

Big Banks Hits with Huge FDIC Fees Hike amid Banking Crisis

America's biggest banks are being hit with huge hikes in Federal Deposit Insurance Corporation (FDIC) after several recent banking failures. The FDIC said big banks will bear billions of dollars in extra fees to replenish a deposit insurance fund used to bail out banks in March. The recent collapse of…

Tech Companies Announce Major Layoffs amid Mounting Economic Fears

Large tech companies are continuing to gut their workforces as economic fears mount. The mass layoffs that started late last year have continued into 2023. Major firms are announcing mass layoffs due to recession fears and economic slowdowns. So far this year, the number of tech layoffs globally has exceeded…