The House of Representatives is set to vote on the debt limit bill late Wednesday The House is on the verge of the first major vote to approve legislation to lift the debt limit. a catastrophic financial default could become a reality if Congress doesn’t pass the bill by Monday. Read more on NPR
Month: May 2023
Economy Update From NPR: Saving summer: Senior citizens step up to fill the gap amid lifeguard shortage
Saving summer: Senior citizens step up to fill the gap amid lifeguard shortage A nationwide lifeguard shortage has pools cutting back hours or closing. At one metro Denver recreation center, senior citizens are stepping up by training to keep swimmers safe. Read more on NPR
Economy Update From NPR: Adding work requirements for food stamps doesn’t have desired effect, researchers say
Adding work requirements for food stamps doesn’t have desired effect, researchers say The debt-ceiling deal that Congress is considering adds work requirements for some people on food stamps. Researchers say the bigger issue is that the requirements don’t actually help many find work. Read more on NPR
Economy Update From NPR: She had a dream job. Now, she’s part of a massive brain drain hammering Russia
She had a dream job. Now, she’s part of a massive brain drain hammering Russia Hundreds of thousands of people under age 35 are estimated to have fled Russia since the invasion. It’s one of a handful of major challenges Russia’s economy faces this year. Read more on NPR
Economy Update From NPR: CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade
CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade Congressional forecasters say the debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy over the weekend would reduce deficits by about $1.5 trillion over the next decade. Read more on NPR
Economy Update From NPR: Why Florida’s new immigration law is troubling businesses and workers alike
Why Florida’s new immigration law is troubling businesses and workers alike Gov. Ron DeSantis says the penalties for companies that violate new employment requirements will help the state prosper. But businesses and immigrant activists alike say it’ll do more harm than good. Read more on NPR
Economy Update From NPR: A look at the new budget deal that would raise the debt ceiling
A look at the new budget deal that would raise the debt ceiling The White House and House Republicans have a deal on the debt ceiling. What remains to be done — and what are the roadblocks — ahead of a vote this week in the House? Read more on NPR
Economy Update From NPR: The U.S.’s perfect credit rating is on notice for the second time in its history
The U.S.’s perfect credit rating is on notice for the second time in its history After Fitch warned the U.S. its AAA rating could be in jeopardy, there is fear of a repeat of what happened in 2011, when Standard & Poors downgraded the U.S. to AA+. Read more on NPR
Economy Update From NPR: Here are the evolving details of the debt limit agreement
Here are the evolving details of the debt limit agreement A deal between White House and House Republican negotiators to raise the nation’s borrowing limit still must pass Congress. Read more on NPR
Economy Update From NPR: Demand for U.S. Treasury bonds could surge, even as default looms
Demand for U.S. Treasury bonds could surge, even as default looms If the federal government defaults on its debt, one surprising place investors would likely seek shelter is in the safety of U.S. Treasury debt. Read more on NPR