Biden

'The economy is in jeopardy': President Biden again urges Congress to help avert railroad strike

‘The economy is in jeopardy’: President Biden again urges Congress to help avert railroad strike

Pressure is high for unions and railroad management to reach a labor agreement before a potential railroad strike hits the United States in 10 days. Negotiations have been ongoing since September, but after the two sides failed to reach an agreement, President Biden ordered Congress to intervene before the December 9 deadline. ‚ÄúCongress must act …

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Biden calls on US Congress to block railroad strike that could ‘devastate the economy’

Joe Biden called on Congress to step in and block a railroad strike before next month’s deadline in stalled contract talks, saying a strike would “destroy our economy”. Biden’s move comes as business groups warned the impending strike would hit just before the holiday season and worsen inflation problems in the United States. “Let’s be …

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Trump banned pension plans from mixing awakening with profits;  Biden reverses this rule |  The daily thread

Trump banned pension plans from mixing awakening with profits; Biden reverses this rule | The daily thread

President Joe Biden’s Department of Labor has introduced measures to reverse a ban on environmental, social and governance investing, also known as ESG, among trustees managing pension funds, a rule the former President Donald Trump established during his final days in office. The agency released a final rule on Tuesday that mirrored the Biden administration’s …

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Why you should repay your student loans even after Biden extends repayment break

Why you should repay your student loans even after Biden extends repayment break

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. The Biden administration has extended the student loan repayment pause until 2023. …

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European industry pivots to US as Biden grant sends 'dangerous signal'

European industry pivots to US as Biden grant sends ‘dangerous signal’

Northvolt, Europe’s great hope in the global battery wars, started life as a continent-centric start-up. From now on, the Swedish group, supported by Volkswagen, BMW and Goldman Sachs, is turning to the United States to develop its production. The reason for the pivot is the Inflation Reduction Act (IRA). Landmark U.S. green technology legislation, signed …

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Biden on pace for a $1 trillion budget deficit in 2023: $2.7 billion in new debt a day

Biden on pace for a $1 trillion budget deficit in 2023: $2.7 billion in new debt a day

Sen. Mike Braun, R-Ind., weighs in on a potential government shutdown as senators race to pass an interim spending bill. The federal government added $83 billion to the national debt in the first month of fiscal year 2023, according to the Congressional Budget Office (CBO), a rate of $2.7 billion in new debt per day …

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