The GOP just tried the fast-track route to block Biden's student-debt relief. Here's why it probably won't work.

Tech Insider : Economy, Politics
A view of the US Capitol before a news conference to discuss student-debt cancellation on September 29, 2022.
A view of the US Capitol before a news conference to discuss student-debt cancellation on September 29, 2022.

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Americans could lose $20,000 in retirement savings and private student-loan borrowers could see their payments surge if Republicans don't raise the debt ceiling, a new report says

Tech Insider : Economy, Politics
Chuck Schumer
U.S. Senate Majority Leader Sen. Chuck Schumer (D-NY) speaks during a news briefing after the weekly Senate Democratic Policy Luncheon at the U.S. Capitol June 22, 2021 in Washington, DC.

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2,600 student-loan borrowers are getting $11 million in payments after a federal consumer watchdog accused a debt relief company of illegally charging fees — and encouraging customers to 'stop paying their student loans altogether'

Tech Insider : Economy, Politics
College graduation photo

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Low-wage workers got big raises during the pandemic. Now that's coming to an end.

Tech Insider : Economy
McDonald's entrance with

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Bank chaos has altered the fight against inflation — but the Fed says every tool is still on the table

Tech Insider : Economy, Politics
Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell.

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The Fed's latest move confirms it's trying to thread the needle between cooling inflation and helping banks in turmoil

Tech Insider : Economy, Politics
Federal Reserve Chair Jerome Powell Testifies Before The Senate Banking Committee
Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on "The Semiannual Monetary Policy Report to the Congress," in the Hart Senate Office Building on Capitol Hill on Tuesday, March 7, 2023 in Washington, DC.

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A bipartisan pair of lawmakers just launched an effort to crack down on the Fed following Silicon Valley Bank's collapse

Tech Insider : Economy, Politics
From left, Energy Secretary Rick Perry Sens. Rick Scott, R-Fla., and Elizabeth Warren, D-Mass, talk before Senate Armed Committee confirmation hearing titled
From left, Energy Secretary Rick Perry Sens.

Republicans' plans to cut the budget could mean millions lost in back pay, more dangerous workplaces, and jobs sent overseas, the White House says

Tech Insider : Economy, Politics
President Joe Biden
US President Joe Biden.

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Silicon Valley Bank's collapse is looming over the Fed as it makes the next move in its war on inflation this week

Tech Insider : Economy, Politics
Silicon Valley Bank, Fed Chair Jerome Powell
Silicon Valley Bank, Fed Chair Jerome Powell.

John Brecher for The Washington Post via Getty Image, Anna Moneymaker/Getty Images

Treasury Secretary Janet Yellen said the SVB collapse is 'very different' from the 2008 crisis and that the financial system is 'significantly stronger than it was 15 years ago'

Tech Insider : Economy, Politics
Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen speaks during a news conference at the IMF and World Bank Annual Meetings at IMF headquarters, October 14, 2022 in Washington, DC. Secretary Yellen fielded a wide range of questions, including several on the economic impacts of the conflict between Ukraine and Russia.

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