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Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs

Janet Yellen, Treasury Secretary, stated Friday that the Administration’s proposal for infrastructure spending will reduce inflation through lowering several essential costs to households. Yellen spoke to CNBC in Rome, where she was attending the G-20 conference for global leaders. She reiterated her call for White House spending plans which are not supported by several sections […]

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Biden unveils plan to address climate change risks to economy

U.S. Vice President Joe Biden gives remarks about the September Jobs Numbers in the South Court Auditorium, Eisenhower Executive Office Building. This was on October 8, 2021, Washington, DC. Chip Somodevilla | Getty Images Friday saw the Biden administration unveil a plan for all government agencies to combat the climate change threat that is threatening […]

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United Wholesale Mortgage ditches its plan to accept bitcoin, ethereum

U.S. homebuyers may not be interested in crypto-based mortgage payments. bitcoin United Wholesale MortgageThe company was called a “successful” by the public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in AugustIn a groundbreaking move for the sector. CNBC’s CEO Mat Ishbia tells CNBC now that the company decided not to […]

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House passes debt limit increase to avoid default, sends bill to Biden

Nancy Pelosi, the US House Speaker (D-CA), speaks with reporters at her weekly news conference held on Capitol Hill in Washington. September 23, 20, 2121. Elizabeth Frantz | Reuters Tuesday’s approval by the House of Representatives of legislation to increase the U.S. Debt Limit was the last legislative hurdle in preventing a national default, which […]

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IMF expresses ‘full confidence’ in the leadership of Kristalina Georgieva

Worldwide Financial Fund Managing Director Kristalina Georgieva speaks at a press convention in Washington D.C., on March 4, 2020. Liu Jie | Xinhua | Getty Pictures The Worldwide Financial Fund determined to maintain Kristalina Georgieva as its managing director regardless of accusations she influenced a report back to favor China whereas on the World Financial […]

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5 things to know before the stock market opens Monday, Oct. 11

Investors need the following news, analysis and trends to help them start trading: 1. Wall Street to begin week lower after oil hits seven-year highs Traders in New York City work at the New York Stock Exchange (NYSE), October 4, 2021. Spencer Platt | Getty Images 2. Over $82 per barrel for oil as the […]

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Fed’s Brainard in line for key banking post. What it means for Wall Street

Lael Brainard is the governor of U.S. Federal Reserve. He spoke at the National Association of Business Economics’ (NABE), annual meeting, in Arlington, Virginia on Monday Sept. 27, 2021. Bloomberg – Getty Images| Bloomberg | Getty Images Federal Reserve Governor Lael BrainardThe increased influence of the United States will likely bring about significant changes to […]

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Default would threaten national security, keep troops from getting paid, Pentagon chief says

Lloyd J. Austin is the Secretary of Defense and testifies before House Armed Services Committee about the end of military operations against Afghanistan. He was speaking at the Rayburn House Office on Capitol Hill in Washington DC on September 29, 2021. Olivier Douliery – Reuters| Reuters Lloyd Austin, the Defense Secretary warned Wednesday that national […]

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Biden enlists bank CEOs, AARP in push to raise debt ceiling 12 days before deadline

U.S. President Joe Biden gives remarks from the State Dining Room of White House Washington, U.S. Oct 4, 2021. Reuters| Reuters President Joe BidenIn a meeting with Wall Street’s CEOs, Will will reiterate his calls for Congress on Wednesday to resolve the debt ceiling. Nine executives are expected to be there, including JPMorgan Chase CEO. […]

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Congress facing 3 major economic deadlines by year-end

One man strolls past the U.S. Capitol as Washington’s government shuts down, September 30, 2021. Leah Millis – Reuters| Reuters Congress is not slowing down in its activity. In the early autumn, lawmakers spent their fall jumping around high-stakes topics. Washington will need to be able to meet several deadlines in coming months to maintain […]