[ad_1] New York CNN Business — The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt. Uncle Sam is getting squeezed by higher borrowing costs, too. The cost to finance America’s growing mountain of debt is rising rapidly as the Fed scrambles …
Read More »America and Saudi Arabia are locked in a bitter battle over oil. The stakes are massive
[ad_1] New York CNN Business — The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most awkward. Angry officials in Washington vowed “consequences” after Saudi-led OPEC sharply cut oil production earlier this month, …
Read More »Rep. Nancy Mace said she supports Kevin McCarthy’s debt ceiling strategy to force spending cuts
[ad_1] CNN — Rep. Nancy Mace on Sunday said she supports Republican Leader Kevin McCarthy’s strategy of refusing to lift the debt limit, if Republicans win back the House, unless Democrats in the White House agree to spending cuts. “And I can tell you, I sit on the Oversight Committee, …
Read More »Democrats predict an ‘extremely busy’ lame duck. Here’s what’s on the agenda
[ad_1] CNN — A packed legislative to-do list awaits Congress when it returns to session after the midterms – and Democrats, who currently control both chambers, will face a ticking clock to enact key priorities if Republicans win back the House or manage to flip the Senate in the upcoming …
Read More »CBO says Biden’s student loan cancellation plan could cost $400 billion
[ad_1] Washington CNN — President Joe Biden’s plan to cancel up to $20,000 in federal student loan debt for low- and middle-income borrowers could cost $400 billion, according to a Congressional Budget Office report released Monday. Biden announced the forgiveness plan in August, after facing mounting pressure from progressives to …
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