Following days of arguing by Speaker Kevin McCarthy and late-night negotiations, House Republicans have backed a measure that could increase the $31 trillion debt ceiling in return for reductions in government expenditures. The bill, which will raise the debt ceiling by $1.5 trillion in return for preserving $4.5 trillion by limiting expenditure at the financial year…
The Supreme Court’s upcoming ruling on President Joe Biden’s student loan forgiveness scheme could, at least, it would put additional attention on a huge load of student loan debt. Borrowers are finding it harder and harder to make ends meet due to expanding debt. Lenders have a total of $1.7 trillion as of the most recent…
Beginning in 2021, the COVID-19 outbreak and the severe economic crisis it created were still causing problems in the United States. As a result, it wasn’t shocking that legislators issued a batch of $1,400 stimulus checks and increased the number of significant tax credits at the time. The Child Tax Credit was among the tax…
A team of ten Democratic governors is urging federal legislators to reject measures in the Republican debt ceiling bill that will increase the amount of social safety net initiatives with employment criteria. `The message, addressed to bipartisan congressional executives in both chambers, stated that whereas Medicare and Social Security would not be affected by any…
The Texas Division of Emergency Management (TDEM) activated the state emergency response resources following severe weather alerts. TDEM Activates State Emergency Response Resources Following the directives of Texas Gov. Greg Abbott, the TDEM immediately activated state emergency response resources as severe weather alerts increased to ready the state for the worst, including the Texas Department…
SEPTA, the Southeastern Pennsylvania Transportation Authority, has agreed to a class action settlement in relation to a data breach that occurred in August 2020. Direct payment settlement for SEPTA’s data breach class action lawsuit The public transportation agency has agreed to make a payout to resolve allegations that it failed to prevent the hack that…
Georgia lawmakers and other industry stakeholders will review the state’s tax credits. Georgia Lawmakers to Start Reviewing State’s Tax Credits Georgia lawmakers and other agencies, and industry stakeholders will begin reviewing the state’s tax credits, including the overstated film tax credits, and discuss recommendations or changes to address some issues. The reports of the Georgia…
Republicans hope that by forcing Mr. Biden to negotiate over spending reductions, they can avoid the risk of a catastrophic debt default. The House G.O.P. passed a bill on Wednesday that raised the debt ceiling while reducing spending and undoing key elements of President Biden’s domestic agenda Speaker Kevin McCarthy barely passed the bill, which…
Accepting applications for $120 million broadband infrastructure projects in rural areas in Texas has begun. House Bill Number 5 of the 87th Legislative House Bill Number 5 of the 87th Legislative created the Texas Broadband Development Office. This office funds low-interest loans and other incentives to internet providers who will expand access to internet service…
The Supreme Court ruled to reject the request of three private colleges to stop the settlement verdict in the case of Sweet v Cardona. Three Private Colleges that filed petitions with the Supreme Court Sweet v Cardona was filed in 2018 by the borrower defense applicants. The case claims that the Department of Education…