The U.S. Joint Economic Committee (JEC) released an issue brief this week detailing how defaulting on the federal debt would create a financial crisis on par with that of 2008. The JEC added that def...
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A group of Democratic senators introduced a bill that seeks to reform the nation’s unemployment insurance system. The Unemployment Insurance Improvement Act, S. 2865, was introduced on Monday by ...
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Rep. Lloyd Doggett (D-TX) is seeking to include the Tax Free Pell Grants Act in the House Ways and Means Committee’s portion of the Build Back Better bill. Doggett, who introduced the Tax Free Pe...
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The congressional Joint Economic Committee (JEC) held a hearing recently that looked at how home and building electrification is critical to addressing climate change and advancing economic growth. ...
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Several Democratic U.S. senators are raising concerns about what they call abuses by the creators and operators of Special Purpose Acquisition Companies, or SPACs. Sens. Elizabeth Warren (D-MA), Sh...
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The U.S. Department of the Treasury took action this week seeking to disrupt criminal networks and virtual currency exchanges responsible for ransomware attacks. The Treasury’s actions are part o...
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CME Group, which runs several leading derivatives exchanges, announced the launch of the derivatives industry's first-ever Sustainable Clearing service on Sept. 27. This new service will help marke...
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More than 40 leading financial and banking industry groups are urging Congress not to move forward with a proposal that would establish an expanded new tax information reporting regime. The proposa...
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The Federal Deposit Insurance Corp. (FDIC) is launching a new capital investment vehicle, the Mission-Driven Bank Fund, to support insured Minority Depository Institutions (MDIs) and Community Develop...
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Survey findings from FMI, the Food Industry Association, determined 95 percent of food retailers with e-commerce options experienced online sales increases in 2020 due to pandemic-related changes in c...
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