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Finance
President Biden Planning First Major Tax Hike in Decades, Targeting the Rich, Corporations
While campaigning in 2020, Biden touted several initiatives his administration would be pursuing if he was elected to office, including an infrastructure bill, ways of fighting climate change, health care, and more. January 10, 2021.…
Thanks to COVID Eviction Bans, Landlord Ends Up Homeless After She’s Unable to Evict…
As a result, Shawna Eccles, 30,found herself forced to live out of her own car while her tenant, who is not paying rent, gets to live in her two-family home on East 91st Street in Carnarsie free.
BROOKLYN, NY - A small, “mom-and-pop”…
Florida Misses Out on Medicaid Funding in COVID-19 Relief Package
Florida continues to resist calls and significant financial incentives to expand Medicaid eligibility for nearly all poor adults and children in the state. Photo credit ShutterStock.com, licensed.
TALLAHASSEE, FL -- The pressure is on…
Mark Cuban On Cryptocurrency And NFTs: “I Have Never Invested In Dogecoin”
In our interview with Mark Cuban in regards to NFTs taking off, he states: “…they are easy to collect, buy and sell. And there are a lot of very creative offerings that really connect to people. As far as investing, it’s like investing in…
Florida Republican Congressman Proposes Punishing China for Alleged COVID Cover-Up by Withholding…
WASHINGTON, D.C. - According to an exclusive report by Fox News, Rep. Brian Mast (R-FL) has introduced legislation to permanently withhold payments from the United States – and possibly other countries as well – on debts owed to the…
Ohio Federal Judge Rules CDC Exceeded Authority with Eviction Ban; Similar Ruling in Texas Finds CDC…
A statue of Alexander Hamilton in front of the Cuyahoga County Courthouse in Cleveland, Ohio. Photo credit ShutterStock.com, licensed.
CUYAHOGA COUNTY, OH - An Ohio judge has ruled that a current federal eviction ban issued by the…
FEDS: Cryptocurrencies, Growing Target of Theft; Charges Against North Korean Hackers Show Cyber…
The North Korean hackers are alleged to have created several malicious cryptocurrency applications that looked legitimate but contained malware that provided the hackers access to the computers of victims who downloaded them. Editorial…
A Year Into Crisis, Billionaires Could Pay For 2/3 Of Biden’s Covid Relief Bill With Their Pandemic…
Using the jump in their wealth since last March, three men alone, Jeff Bezos, Elon Musk and Mark Zuckerberg, could foot the nearly $250 billion cost for supplemental unemployment benefits contained in the ARP that will pay millions of…
House Passes Massive $1.9 Trillion COVID Relief Bill; Biden to Sign Into Law on Friday; $1,400…
WASHINGTON, D.C. - The House of Representatives voted 220 to 211 on Wednesday to approve the massive $1.9 trillion COVID-19 relief bill that will find itself on President Joe Biden’s desk this Friday for his signature, reports…
Federal Investigation Into Hunter Biden “Ongoing” Without Any Obstruction by White House, Reports…
According to Fox News, the Federal investigation in U.S. President Joe Biden's son Hunter Biden's “tax affairs,” are “ongoing” have been advancing without any obstruction or interference from the White House so far.
WASHINGTON, D.C. -…
Elizabeth Warren Proposes New “Ultra-Millionaire” Annual Tax on Wealthiest Americans; Says Purpose…
Dubbed the “Ultra-Millionaire Tax Act of 2021,” Sen. Elizabeth Warren (D-OK) noted in a statement that the purpose of the bill is to reduce “income inequality” in the United States. Editorial credit: Evan El-Amin /…
House to Vote on Biden’s $1.9 Trillion Stimulus Package Today; Will Likely Approve and Send to…
WASAHINGTON, D.C. - The House of Representatives is scheduled today to vote on – and is certainly expected to pass – President Joe Biden’s $1.9 trillion COVID-19 economic relief bill, after which they will send the plan to…
Supreme Court Allows NY Prosecutors to Receive Donald Trump’s Tax Returns, Financial Records; Trump…
President Donald Trump talks to the media at a public press event following the RNC debate in Houston, Texas. Houston - February 25, 2016. Editorial credit: Stock Photo World / Shutterstock.com, licensed.
NEW YORK, NY - According to…
Dominion Files $1.3 Billion Defamation Lawsuit Against “MyPillow Guy” Mike Lindell Over Voter Fraud…
CHANHASSEN, MN - Mike Lindell, founder and CEO of MyPillow, is being hit with a $1.3 billion defamation lawsuit filed Monday by Dominion Voting Systems, who alleges that Lindell has been falsely claiming that the company’s…
Federal Court in Illinois Rules Bellwether Cases of Restaurants Suffering Due to Pandemic May Move…
Defendant Insurance Company’s Summary Judgment Motion and Motion to Dismiss are Denied. File photo. Restaurant in the Wells Street Market closed. Chicago, Illinois, December, 2018. Editorial credit: Steve Hamann / Shutterstock.com,…
Governor Cuomo: Accused of Waging a War Against the Hospitality Industry
New York Gov. Andrew Cuomo announcing updates on the spread of the coronavirus during a news conference at the state Capitol. Albany, New York, March 15, 2020. Photo credit: Hans Pennink / Shutterstock.com, licensed.
QUEENS VILLAGE, NY…
Medicare Cuts Payment to 774 Hospitals Over Patient Complications
The penalties, based on patients who stayed in the hospitals anytime between mid-2017 and 2019, before the pandemic, are not related to covid-19. They were levied under a program created by the Affordable Care Act that uses the threat of…
Bitcoin and Elon Musk… Love Affair Turned Fatal Attraction?
Last week, Tesla bought $1.5 billion worth of Bitcoin and, further, that it was aiming to allow customers to use the cryptocurrency to buy its cars. Bitcoin, already the hottest investment of the past two years, leapt an additional 14% to…
GOP Senators Romney, Cotton Introduce Bill to Raise Minimum Wage, Bar Illegal Immigrant Workers by…
Tom Cotton (R-AR) and Senators Mitt Romney (R-UT) have announced a separate bill that would not only increase minimum wage, but contain extra provisions barring employers from hiring illegal immigrant workers as well, reports say.…
Concord Coalition Announces Webinar: Fiscal, Monetary, and Economic Challenges of the Post-Pandemic…
Leaders from the Congressional Budget Office, Federal Reserve Bank of Boston, and the Brookings Institution will discuss how fiscal, monetary, and economic trends could affect the nation and decisions made by policymakers as we navigate…
Largest Black-Owned Franchise Operator to Sue McDonald’s In Major Discrimination Lawsuit Over…
Herb Washington made headlines as a champion sprinter, helped win a World Series and went down in the record books by building the largest Black-owned McDonald’s franchise operation in the U.St. Herb is shown in a 2002 feature story with…
Federal Debt to Hit $2.3 Trillion for 2021, Not Taking Into Account Biden Stimulus Plan
WASHINGTON, D.C. - According to reports, the federal budget deficit in the current fiscal year is expected to hit $2.3 trillion, or 10.3 percent of gross domestic product (GDP). This will cause the government’s debt to exceed the size…
Radio Host, Financial Advisor Dave Ramsey on Stimulus Checks: “If $600 Or $1,400 Changes Your Life…
NEW YORK, NY - Personal finance advisor, radio show host, author, and businessman Dave Ramsey raised some eyebrows during a recent Fox News interview when he stated that individuals who are relying on stimulus checks from the…
Post-Pandemic Economy Must Have Strong Fiscal Foundation
Robert L. Bixby is executive director of The Concord Coalition, a nonpartisan organization that encourages fiscal responsibility in Washington and helps educate the public about the federal budget and the need to protect our children and…
STUDY: Pandemic Creates Panic Among Young Investors
Wall Street's big bets against GameStop went sour when Reddit traders bet on the company's success instead. Now, billions of dollars are on the line. Editorial credit: Hanson-Leung / Shutterstock.com, licensed.
COLUMBIA, MO - Taking…
Ocasio-Cortez Pressuring Biden to Cancel $50,000 in Student Loan Debt, Says “We Cannot Take No for…
Rep. Alexandria Ocasio-Cortez (D-NY) has been an especially outspoken proponent of student loan forgiveness, and recently said during an Instagram Q&A that if Biden needs to have a fire lit under his feet to get it done, than she was…
Tesla Announces Purchase of $1.5 Billion in Bitcoin; Plans on Selling Cars for the Cryptocurrency
Business magnate, industrial designer and engineer, Elon Musk, said conventional finance people are on the verge of broadly accepting cryptocurrency, and said he wished he had invested in it sooner. Editorial credit: John Smith Williams /…
The Concord Coalition and the Global Aging Institute (GAI) Jointly Release New Paper “Five…
WASHINGTON, D.C. - A new paper jointly released by The Concord Coalition and the Global Aging Institute (GAI) identifies five goals that should be high priorities for policymakers as we confront the long-term challenges created by the…
Democrats Urge Monthly $2,000 Checks For Every Citizen Till End of Pandemic; Includes Immigrant…
Rep. Ilhan Omar (D-MN) takes to the stage and waves to the crowd at the 2019 Youth Climate Strike in Washington D.C., March 15, 2019. Editorial credit: Paris Malone / Shutterstock.com, licensed.
WASHINGTON, D.C. According to reports,…
Businesses Flee New York City, San Francisco, for Cheaper Alternatives Such as Texas and Florida,…
To date, approximately 16 million people have relocated from urban areas to other places of the country, with New York City considered the number one place to get away from in terms of high cost of living and taxes. Photo credit…