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[ad_1] The legislation would also bar the Biden administration from moving forward with a new income-driven repayment plan that cuts monthly payments for most borrowers and shortens the timeline to loan forgiveness for some borrowers. In addition, the GOP plan would permanently prohibit the Education Department from issuing any significant regulation or executive action that…
[ad_1] There are other ideas floating around, but the one thing they all have in common is that they rely on the Federal Reserve’s cooperation and its willingness to continue acting as the government’s “fiscal agent” — essentially its banker, a role established by the Fed’s statute. If Jerome Powell will buy Treasury securities in…
[ad_1] House Republicans’ internal frustrations go beyond their long-stalled debt limit talks with President Joe Biden. The conference is near its breaking point over a contentious border bill that has exposed divisions between hardline conservatives and politically vulnerable purple-district members. Then there are the simmering tensions that no GOP lawmaker wants to talk about —…
[ad_1] Rebuffed by President Joe Biden since February on that point, McCarthy and his team are now attempting to demonstrate their seriousness by drafting their own debt limit proposal — one that includes a half-dozen attempts to slash federal spending or loosen regulations in a bid to boost the economy. “We are seeing in real…
[ad_1] Conservatives had seized on the case as a way to rein in Joe Biden’s efforts to cancel student debt and attack a potential backup plan to enact mass loan forgiveness if the Supreme Court strikes down his debt relief program in two other pending cases. The three college operators were challenging the same law…
[ad_1] That’s creating new tensions with the U.S. and its Western allies that will be on display as top finance officials gather this week in Washington for the spring meetings of the IMF and World Bank. The U.S. is pressing China to provide more debt relief in what will be one of the most significant…
[ad_1] Huzurabad BJP MLA Eatala Rajendar. Hyderabad: After Bharat Rashtra Samithi (BRS) working president and Telangana IT minister KT Rama Rao called for protests during Prime Minister Narendra Modi’s visit to Hyderabad on Saturday, BJP MLA Eatala Rajender held that the state government was responsible for the debts incurred by Singereni Collieries Company Limited (SCCL)….
[ad_1] Press play to listen to this article Voiced by artificial intelligence. FRANKFURT ― The markets are jittery and inflation still needs taming. Coming together, those two things put the European Central Bank in a real bind. Fight one fire and it could cause the other to flare. The ECB can keep raising interest rates…
[ad_1] But Biden officials and party leaders, however, see it far differently and are bristling at the attempts at a compromise, according to four lawmakers familiar with the discussions. Their party’s message to those plotting centrists: Your efforts are unlikely to succeed and risk hurting our goal of a clean debt ceiling increase. The intraparty…
[ad_1] Swiss prosecutors have opened an investigation into possible illegal activity in connection with government support for UBS’s rushed takeover of Credit Suisse. The two banks agreed to merge in March as part of an emergency deal targeted at avoiding a national financial crisis that could have had a knock-on effect globally. “The Federal Prosecutor’s…