Truthout
Economy
Biden Vetoes GOP Bill to Nix Student Debt Relief
Debt advocates say the bill would have forced borrowers to pay retroactive payments on their student debt.
End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate
New research shows that more than 1 in 13 borrowers are already behind on payments other than student debt.
Sanders Denounces Morality of System Where 3 Are Richer Than 165 Million People
The senator argued that the oligarchy wins when they divide up the working class and those living in poverty.
Economy Gains 339,000 Jobs in May Though Unemployment Rises to 3.7 Percent
If the goal of the Fed’s interest rate policy was to weaken the labor market, they seem to have gotten their wish.
Why Is the Fed Seeking Advice From the Architect of Past Financial Meltdowns?
Fed Chair Jerome Powell has been looking to disaster-prone ex-Treasury head Larry Summers for insight, emails reveal.
Debt Limit Deal Prohibits Biden From Extending Student Loan Payment Pause Again
The bill would implement a sweeping change for student debt at a time of great uncertainty for borrowers.
Federal Judge Blocks JetBlue, American Airlines Alliance in Antitrust Win
"Today's decision is a win for Americans who rely on competition between airlines to travel affordably."
GOP Tax Cut Plan Would Add $3.5T to Deficit, Congressional Budget Office Finds
If the GOP got its way, trillions would be transferred from the public straight into the pockets of the rich.
McCarthy Pushes More Work Requirements for Medicaid and SNAP in Debt Talks
Biden could invoke the 14th Amendment to resolve the crisis over the debt ceiling for now, argues Robert Kuttner.
“Greatest Wealth Transfer in History” Is Poised to Further Entrench Inequality
A recent New York Times analysis demonstrates that "we are not taxing the very wealthy enough,” said one professor.