Category: House of Representatives

As Possible Debt Limit Crisis Nears, Wall Street Shrugs

Few investors have focused on the possibility that Congress will not raise the nation’s borrowing limit in time to avoid an economically catastrophic default.
As Possible Debt Limit Crisis Nears, Wall Street Shrugs

Few investors have focused on the possibility that Congress will not raise the nation’s borrowing limit in time to avoid an economically catastrophic default.
Earnings Season Arrives With Recession Fears Front and Center

Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.
Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.

The New York Times – Business:
Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
Double-Barreled Economic Threat Puts Congress on Edge

The New York Times – Business:
Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
D.C. and Congress Health Data Breach Affected More Than 56,000

The New York Times – Business:
The Social Security numbers and personal information of thousands of people, including some lawmakers, were stolen in a hack of a D.C. health marketplace disclosed this week.
JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein

The New York Times – Business:
The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP

The New York Times – Business:
The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.
Data Breach Could Compromise Lawmakers’ Personal Information

The New York Times – Business:
A cyberattack on the District of Columbia’s online health insurance marketplace may have compromised identifying data of many members of Congress and other users.
D.C. Health Marketplace Hack Could Compromise Lawmakers’ Personal Information

The New York Times – Business:
A cyberattack on the District of Columbia’s online health insurance marketplace may have compromised identifying data of many members of Congress and other users.
Debt Default Would Cripple U.S. Economy, New Analysis Warns

The New York Times – Business:
As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.
On Wall St., ‘Socially Responsible’ Is Common Sense. In Congress, It’s Political.

The New York Times – Business:
Lawmakers are trying to restrict these investment choices in workplace retirement plans, but big fund managers are trying to give shareholders a voice.