“Elon Musk’s commission is a plot to destroy our Social Security by giving it to Wall Street executives—so that you get nothing and they get everything,” warned one advocate. A lengthy series of X posts attacking Social Security as a “nightmare” caught the attention of the platform’s mega-billionaire owner, Elon Musk, who could soon take aim at […]
WASHINGTON —U.S. House Speaker Kevin McCarthy pledged Monday that the narrow Republican majority in the House of Representatives will vote to raise the country’s debt ceiling to avert a default on the government’s financial obligations in the coming months, but will also stipulate that future spending increases be capped at 1%. The White House strongly […]
“We’re going to be aggressively buying back, and consistently,” said Morgan Stanley chief executive James Gorman. For millions of regular Americans, the end of 2020 was marked by economic distress, with millions suffering pandemic-triggered job losses—and thus the loss of their employer-tied health insurance—still waiting on robust economic relief from federal lawmakers, and facing a weak social safety net. For the nation’s biggest banks, […]
“This is a frightening amount of public money to have given a corrupt administration with zero accountability.” Progressive lawmakers on Friday evening denounced President Donald Trump’s intention to disregard provisions in the just-passed coronavirus relief bill that would provide crucial oversight of $500 billion in taxpayer money already poised to be a “Wall […]