Biden's student debt handout plan could cost as much as $1.4 trillion
New analysis from the CRFB finds that President Biden's latest student loan handout would bring the total cost of cancellation plans to between $870 billion and $1.4 trillion.
National Debt Tracker: American taxpayers (you) are now on the hook for $34,560,847,639,827.59 as of 5/7/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Federal Reserve president says rate cuts may not come in 2024
Minneapolis Federal Reserve President Neel Kashkari said that interest rates may remain elevated for an "extended period" this year until policymakers see more evidence of inflation declining.
Swiss Army Knife maker plans model without a well-known feature
Swiss Army Knife manufacturer Victorinox is planning new models of tools that will be bladeless to give the company access to markets where carrying a knife is restricted.
Panera discontinuing caffeinated 'Charged Lemonade' after lawsuits
Panera Bread is planning to discontinue its "Charged Lemonade" caffeinated beverages after facing lawsuits alleging the drink caused wrongful deaths and heart issues.
Teachers struggling with burnout view AI as tool to ease burdens: survey
Teachers who are feeling burnt out with their daily tasks view artificial intelligence tools as a way to address pain points and ease stress, according to a new survey from Canva.
Fed president says next move likely to lower rates, but timing uncertain
Federal Reserve Bank of New York President John Williams said the central bank will likely lower interest rates as its next policy action but that the timing of the shift is unclear.
Warren Buffett predicts higher taxes due to rising deficit
Warren Buffett said at Berkshire Hathaway's annual meeting he thinks the federal government will look to increase taxes to address widening budget deficits rather than cut spending.
Hims & Hers stock slides after CEO's praise for anti-Israel protesters
Hims & Hers Health stock declined Friday by about 8% after CEO Andrew Dudum's praise for anti-Israel campus protesters in a social media post last week.