Economy Archives - Page 8 of 21

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…

27 States Revolt against Biden’s ‘Unconscionable Policy’ for Mortgages: ‘Will Be a Disaster’

27 states are revolting against Democrat President Joe Biden’s new plan to make good-credit borrowers help subsidize mortgages from higher-risk borrowers. Top finance officials from the states are demanding Biden ends his "unconscionable" plan before it turns into a total "disaster." The letter was signed by treasurers, auditors, commissioners of…

First Republic Bank Collapses as Regulators Take Control

First Republic Bank has collapsed, marking the third significant implosion in under two months. The Federal Deposit Insurance Corporation (FDIC) has placed First Republic Bank under receivership. The bank, one of the largest in America, is the biggest financial institution to fail so far this year. As Slay News had…

Wall St Experts Issue Warning after Biden’s Economic Gaslighting: ‘Economy Is Unwell’

Wall Street experts have issued a grim warning after Democrat President Joe Biden attempted to gaslight the American people over the gloomy economic outlook. Following a dismal gross domestic product (GDP) report on Thursday, Biden tried to claim that the economy looks hopeful. However, Wall St. executives are not buying…

One of America’s Largest Banks Is on Verge of Collapsing

First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing. America's economy is still reeling from the sudden collapse of Silicon Valley Bank (SVB) and Signature Bank last month. However, it does appear that the financial system has…

Biden Threatens Golden Goose, Plans to Hike Payments for Good-Credit Homebuyers to Subsidize High-Risk Mortgages

Democrat President Joe Biden has a new plan to penalize homeowners who have good credit scores by making them pay more monthly to subsidize costs for high-risk buyers. The changes will begin in May and have many experts furious. The plan will hit home buyers with a FICO credit score…

Elon Musk Issues ‘Dire’ Warning to America: ‘Last Time Fed Raised Rates Going into a Recession Was 1929’

Twitter CEO Elon Musk has issued a warning to America about the "dire situation" emerging from Democrat President Joe Biden’s bungling of the economy. Musk sat for an interview with Tucker Carlson and called out Federal Reserve Chair Jerome Powell for some of his head-scratching moves. "This is a dire…

Americans Paid $5 Trillion in Taxes to IRS Last Year Alone

The Internal Revenue Service (IRS) raked in a record-breaking $5 trillion in taxes last year. The amount of taxes collected from Americans has soared under President Joe Biden, an analysis of IRS data shows. Tax enforcement has also risen under Biden compared to President Donald Trump’s tenure. According to the…

Top Economist Issues Warning about Banking Crisis: ‘The Worst Is Ahead of Us’

A top U.S. economist has issued a warning to the American people regarding the banking crisis. Nouriel Roubini has warned that the worst is yet to come for the U.S. economy in the wake of the recent banking turmoil. According to Roubini, the crisis could lead to a serious credit…