Former President Donald Trump and President Joe Biden during the first presidential debate on Sept. 29, 2020. ASSOCIATED PRESS The White House will release a $6 trillion budget plan amid complaints from the GOP about wasteful spending and ruinous debt, but their guy also added to the national debt big time. As President Joe Biden…
WASHINGTON, DC – APRIL 20: Sen. Joe Manchin, D-WV., speaks during a hearing to examine the American … [+] Jobs Plan. (Photo by Oliver Contreras-Pool/Getty Images) Getty Images President Biden’s proposed massive expansion of Medicaid home-based long-term care is running into trouble in the Senate. And it may be done in, not by hard-core conservatives, but by…
West Virginia legislature considered $150 million in tax cuts earlier this year, but the effort … [+] ultimately failed. getty The American Rescue Plan’s $350 billion in direct funding for state and local governments came with a caveat: Governments are not allowed to use that free money to pay for tax cuts. That had a…
There is value in studying stealing. For investors, the choice is simple—either study bad behavior … [+] and be forewarned, or risk losing everything you own. getty In a nation more deeply divided than ever about every conceivable issue, a broad consensus has surprisingly emerged that financial literacy is broadly lacking and the need for…
UNITED STATES – APRIL 9: An Exxon gas station is pictured in Washington on Thursday, April 9, 2020. … [+] (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images The clean energy agenda landed three heavy punches on the chin of the fossil fuels industry today. Punch #1: A…
There have been reports going around the past couple of days that the Chinese government is cracking down on commodities speculation. They blame speculators (like futures traders) for the soaring prices in key commodities. But it’s the Chinese government that has a record of driving up global commodities prices in the wake of a global…
We talked about the correction in oil prices last week as an opportunity to buy the dip in energy. Here’s an excerpt from my Thursday note … “This dip in the energy/oil and gas sector is a buy. The globally coordinated ’Clean Energy Revolution’ promotes higher oil prices, not lower. That’s the structural driver for…
There are several pending proposals for broad student loan forgiveness. But, even if one of these proposals is implemented, many borrowers will not receive full forgiveness of all of their student loans. What are your options if your student loans aren’t completely erased? Options for financial relief if there is no student loan forgiveness for…
By Chris Farrell, Next Avenue getty Increasing numbers of people have found themselves living on low and insecure incomes for decades, including many workers 55 and older. Following the trauma of the pandemic and the social unrest after the murder of George Floyd by a former Minneapolis police officer, addressing the problem of creating a more…
Topline The Biden administration has reduced the size of its infrastructure proposal to $1.7 trillion from $2.25 trillion, White House Press Secretary Jen Psaki told reporters Friday, as part of an effort to reach a bipartisan agreement with Republicans on one of President Biden’s major legislative priorities—but it’s still roughly triple the spending in a…