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Janet Yellen says Treasury is prepared to pay the US's bills to prevent 'irreparable harm' to the economy as GOP balks at raising debt ceiling

Senate Minority Leader Mitch McConnell and Treasury Secretary Janet Yellen. Alex Wong/Getty Images; Greg Nash/Getty Images Yellen said Treasury is prepared to pay off the country's bills starting August 2. It comes as McConnell opposes raising the debt ceiling without political concessions. Yellen said even the threat of a default risks major damage to the US economy. See more stories on Insider's business page. Treasury Secretary Janet Yellen sent a letter to Congress urging lawma...
Tags: Obama, Congress, Senate, White House, US, Trends, Joe Biden, Democrats, Gop, Hawaii, House, Treasury, Mitch McConnell, Janet Yellen, Nancy Pelosi, Biden


6 million renters face eviction in 8 days when a Trump-era ban expires. Biden is poised to let it happen.

President Joe Biden speaks on the economy at Cuyahoga Community College Manufacturing Technology Center, on May 27, 2021, in Cleveland, Ohio. Nicholas Kamm/AFP via Getty Images Both a federal eviction ban and a moratorium on foreclosures expire in eight days. Some advocates are pushing for an extension of the eviction ban as new virus cases pile up. The Biden administration is poised to allow both relief programs to expire on July 31. See more stories on Insider's business page. On Jul...
Tags: Cdc, White House, Trends, Joe Biden, Delta, Biden, Trump, Freddie Mac, Fannie Mae, National Low Income Housing Coalition, Paul Williams, Jain Family Institute, Diane Yentel, Joseph Zeballos Roig, COVID, Ayelet Sheffey


Trump advisor says there is 'zero' chance the former president will pick Pence as his running mate if he runs in 2024: report

Then-Vice President Mike Pence and then-President Donald Trump in the Rose Garden on March 29, 2020. Tasos Katopodis/Getty Images Trump advisors told Politico that it's highly unlikely Mike Pence will be Trump's VP pick again. One aide even went so far as to say that there's "zero" chance Pence will be chosen. Trump has not made an official 2024 announcement yet, but has said he's seriously considering running. See more stories on Insider's business page. If former Pres...
Tags: Politics, News, Republicans, White House, Politico, Trends, Bloomberg, New Hampshire, South Dakota, United Nations, Fox News, Election, Campaign, Donald Trump, South Carolina, Trump


Free money for all? Garcetti hopes guaranteed income test brings big change

By Sara Burnett | The Associate Press By triggering $1,400 stimulus checks for millions of people and expanding the child tax credit for many families, the pandemic offered a clear takeaway for some officials: That putting tax dollars in people’s pockets is achievable and can be a lifeline to those struggling to get by. Now a growing number of mayors and other leaders say they want to determine for sure whether programs like these are the best way to reduce poverty, lessen inequality and get peo...
Tags: Lyft, Business, New York, Minneapolis, Congress, California, White House, Los Angeles, Sport, Joe Biden, Soccer, Stockton, University of Pennsylvania, Biden, Jack Dorsey, Donald Trump


More help coming to stem foreclosures

By Nancy Cook | Bloomberg The White House on Friday announced plans to expand aid for mortgage borrowers who have fallen behind on payments during the coronavirus pandemic. Enhanced assistance will be provided to homeowners with government-backed mortgages who have been negatively impacted by the pandemic, with the aim cutting some monthly payments by roughly 25%, according to a White House fact sheet. The move is designed to more closely align options for mortgages backed by the Department of H...
Tags: Business, Real Estate, News, Housing, White House, Sport, Joe Biden, Soccer, Biden, Fannie Mae, Foreclosures, Nancy Cook, Bloomberg the White House, Coronavirus Economy, Veterans ' Affairs Department, Freddie Mac the White House


Fourth Stimulus Check: Will There Be Another Relief Payment?

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Tags: Business, New York, Texas, News, Minnesota, Maryland, Pua, Congress, California, Washington, Senate, White House, Massachusetts, Elizabeth Warren, Alabama, West Virginia


White House officials tell civil rights leaders they can 'out-organize voter suppression' as voting rights bills stall: report

President Biden delivers speech on voting rights on July 13th at the National Constitution Center in Philadelphia. Drew Angerer/Getty Images White House officials told civil rights leaders that they could "out-organized voter suppression" 150 civil rights organizations signed a letter Thursday pressuring Biden to do more on voting rights Biden last week called the wave of new voting legislation a "21st century Jim Crow assault." See more stories on Insider's business page. White House...
Tags: Politics, Congress, Senate, White House, Trends, New York Times, Philadelphia, Biden, Jim Crow, Voting Rights, Cnn Town Hall, National Constitutional Center, Biden Administration, For the People Act, Mondaire Jones D NY, John Lewis Voting Rights Act


Facebook says some misinformation and racism will 'inevitably' always exist on its platforms

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019. Reuters/Erin Scott Facebook's CEO said moderating content is like fighting crime. Instagram's leader similarly said that some racism will "inevitably" exist online. Their comments show that Facebook may never fully weed out harmful content on its platforms. See more stories on Insider's business page. Two Facebook executives on Thursday addr...
Tags: Facebook, Mark Zuckerberg, News, Instagram, Internet, Washington, White House, US, Trends, Social Media, Joe Biden, Selena Gomez, Biden, Zuckerberg, Misinformation, House Financial Services Committee


Two of the GOP's most prominent big tech critics previously sought work with Google: 'I dodged a bullet.'

Google's logo seen at its Mountain View campus. Alex Tai/SOPA Images/LightRocket via Getty Images Two of the GOP's fiercest Big Tech critics sought to work with Google in 2019, Politico reports. Mike Davis and Garrett Ventry reportedly offered to mend the firm's relationship with conservatives. Google has faced allegations of anti-conservative bias from a number of GOP lawmakers. See more stories on Insider's business page. Two of the GOP's most vocal big tech critics ...
Tags: Google, Facebook, New York Post, Technology, White House, Politico, Trends, Bloomberg, Gop, Davis, Mountain View, Department Of Justice, Republican Party, Sundar Pichai, Trump, Mike Davis


Sean Hannity walked back his enthusiasm for COVID-19 vaccines after being praised by the White House

Sean Hannity insisted Thursday that he had never changed his stance on COVID-19 vaccines. Fox News Sean Hannity dialed down his enthusiasm for vaccines after winning praise from President Biden. The Fox host on Monday appeared to encourage viewers to take the COVID-19 vaccine. He changed tack on Thursday, saying: "I never told anyone to get a vaccine." See more stories on Insider's business page. Fox News host Sean Hannity walked back on his enthusiasm for COVID-19 vaccines after winni...
Tags: Politics, Media, Washington Post, White House, Trends, Cnn, Fox, News UK, Fox News, Jesus, Biden, Tucker Carlson, Sean Hannity, HANNITY, HARRIS FAULKNER, Thomas Colson


10 Things in Politics: Trump election probe is in trouble

Welcome back to 10 Things in Politics. Sign up here to receive this newsletter. Send tips to [email protected] or tweet me at @BrentGriffiths.Here's what we're talking about:Trouble is brewing for a Georgia county's investigation into TrumpDemocrats are outraged over new details about FBI's investigation into Brett KavanaughThe US Olympic fencing team is in an uproar over the handling of sexual-assault claimsWhat we're watching today: The Olympics officially kick off wit...
Tags: Facebook, Hollywood, Mississippi, Supreme Court, Obama, Washington Post, Cdc, White House, China, Virginia, Disney, Nbc News, US, NFL, Trends, Atlanta


Democrats outraged after the FBI said it got more than 4,500 tips about Brett Kavanaugh - and referred the 'relevant' ones to the Trump White House

Supreme Court Justice Brett Kavanaugh. Susan Walsh/AP Photo The FBI said it received 4,500 tips in 2018 regarding Supreme Court nominee Brett Kavanaugh. The agency said they only interviewed ten people and that "relevant" tips were passed to Trump's White House. A group of Democratic senators accused the FBI of ignoring the tip line and are demanding more answers. See more stories on Insider's business page. A group of Democratic senators is asking for more answers after the Federa...
Tags: Politics, Supreme Court, White House, Trends, Fbi, Democrats, Biden, Federal Bureau of Investigation, Trump, Wray, Sheldon Whitehouse, Tyson, Chris Coons, Cory Booker, Whitehouse, Kavanaugh


Melania Trump didn't think Donald Trump would win in 2016, former lawyer Michael Cohen told Insider

Donald Trump's former personal lawyer Michael Cohen told Insider that Melania Trump didn't expect her husband to win the White House in 2016 Pool / Pool / Getty Images Melania Trump reportedly cried on election night in 2016 after realizing her husband had won. She had expected Donald Trump to lose. This story and many more are a part of Insider's 2016 oral history of how Trump took over the GOP See more stories on Insider's business page. Former First Lady Melania Trump ne...
Tags: New York Post, Politics, New York, News, Washington, White House, Politico, Trends, Gop, John Boehner, John Mccain, Michael Wolff, 2016 Election, Donald Trump, Trump, Donald


Melania Trump told Donald Trump she did not think he would win in 2016, former lawyer Michael Cohen told Insider

Donald Trump's former personal lawyer Michael Cohen told Insider that Melania Trump didn't expect her husband to win the White House in 2016 Pool / Pool / Getty Images Melania Trump reportedly cried on election night in 2016 after realizing her husband had won. She had expected Donald Trump to lose. This story and many more are a part of Insider's 2016 oral history of how Trump took over the GOP See more stories on Insider's business page. Former First Lady Melania Trump ne...
Tags: New York Post, Politics, New York, News, Washington, White House, Politico, Trends, Gop, John Boehner, John Mccain, Michael Wolff, 2016 Election, Donald Trump, Trump, Donald


Biden nominates Comcast executive David Cohen -- a major campaign donor -- to be US ambassador to Canada

David and Rhonda Cohen arrive at White House state dinner in honor of French President François Hollande in 2014 Pool photo/Getty Images President Biden has nominated Comcast executive David Cohen to be US ambassador to Canada Cohen raised over $100,000 for Biden and held a fundraiser for him on the first day of his campaign The practice of nominating big donors to ambassadorships has come under fire recently See more stories on Insider's business page. President Biden announced yester...
Tags: Politics, France, White House, Russia, Elizabeth Warren, US, America, Trends, David, Canada, Pennsylvania, Comcast, Francois Hollande, Belgium, Philadelphia, David Cohen


Psaki says the White House won't disclose how many vaccinated staffers have tested positive for COVID-19

Jen Psaki, the White House press secretary. Alex Wong/Getty Images Psaki declined to disclose the number of breakthrough cases on the White House campus. "No, I don't think that you can expect that we'll be providing numbers," Psaki said on Thursday. She said the White House will report when officials who test positive have close contact with Biden. See more stories on Insider's business page. Jen Psaki, the White House press secretary, said on Thursday that the White House wil...
Tags: Politics, News, White House, Trends, Joe Biden, Biden, Centers For Disease Control And Prevention, Kamala Harris, Trump, Emory University, Carlos, Pelosi, Jen Psaki, Psaki, John Haltiwanger, COVID-19


Psaki says the White House won't reveal how many vaccinated staffers have tested positive for COVID-19

White House Press Secretary Jen Psaki. Alex Wong/Getty Images Psaki declined to disclose the number of breakthrough cases on the White House campus. "No, I don't think that you can expect that we'll be providing numbers," Psaki said Thursday. Psaki said the White House will be transparent when officials test positive and have close contact with Biden. See more stories on Insider's business page. White House press secretary Jen Psaki on Thursday said the White House will not pub...
Tags: Politics, News, White House, Trends, Joe Biden, Biden, Centers For Disease Control And Prevention, Kamala Harris, Trump, Emory University, Pelosi, White House Press, Jen Psaki, Psaki, John Haltiwanger, Carlos del Rio


Lindsay Graham wants GOP to leave DC in last-ditch gambit to block Democrats' $3.5 trillion spending package. Some are open to it.

Sen. Lindsey Graham (R-SC) (C) joins Sen. John Barrasso (R-WY) (L), Sen. Tim Scott (R-SC) and other Senate Republicans at Capitol Hill news conference on July 21, 2021. Chip Somodevilla/Getty Images Graham is trying to rally GOP senators to ditch town in effort block Democrats from passing a $3.5 trillion spending package. Some in the GOP are open to it, the Wall Street Journal reported. It could backfire since Democrats could use another procedure to pass bills if no Republicans are pres...
Tags: Politics, Washington, Senate, White House, US, Trends, Joe Biden, Economy, C, Democrats, Gop, North Dakota, Arkansas, Hawaii, Graham, Capitol Hill


The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, evangelizes about bitcoin, and had to defend his company in front of Congress

Jack Dorsey onstage at a bitcoin convention on June 4, 2021 in Miami, Florida. Joe Raedle/Getty Images Jack Dorsey cofounded Twitter in 2006, and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine and regular ice baths. Dorsey holds two CEO jobs at Twitter and his payment company Square. Visit Business Insider's home page for more stories. From fighting armies of bots to quashing rumors about sending his beard hair to ...
Tags: Google, Facebook, Mark Zuckerberg, South Korea, Twitter, New York Post, Japan, Elon Musk, Hollywood, Obama, Congress, Washington, Cbs News, Life, Senate, White House


Mike Lindell is offering $5 million to anyone who can disprove his allegations of voter fraud - if they show up to his cyber symposium

MyPillow CEO Mike Lindell outside the White House in January. Drew Angerer/Getty Images Mike Lindell continues to spread baseless claims that Donald Trump won the 2020 presidential election. The MyPillow CEO is offering $5 million to anyone who can prove he's wrong. The catch: They have to attend his upcoming cyber symposium in South Dakota. See more stories on Insider's business page. MyPillow CEO Mike Lindell, a staunch ally of former President Donald Trump and leading promote...
Tags: Politics, News, White House, US, Trends, Joe Biden, South Dakota, Biden, Donald Trump, Trump, Mike, Lindell, The Dispatch, Dominion, Skoglund, Eric Metaxas


Biden says he asks Secret Service to keep out of his room at breakfast time because he isn't dressed

U.S. President Joe Biden reacts to shouted questions from reporters as he walks to Marine One on the South Lawn of the White House on July 21, 2021 in Washington, DC Drew Angerer/Getty Images President Biden asks the Secret Service to keep out of his room at breakfast because he isn't dressed. Biden mentioned the habit while telling CNN he likes to have breakfast in his robe. The president is usually closely flanked by a detail of Secret Service agents. See more stories on Insider'...
Tags: Europe, Politics, White House, Barack Obama, Trends, Joe Biden, Cnn, Washington Dc, News UK, Anderson Cooper, Secret Service, Don Lemon, Biden, Don, Jill, South Lawn


Biden says eliminating the filibuster would 'throw the entire Congress into chaos' and 'nothing will get done'

President Joe Biden interacts with members of the audience during a commercial break for a CNN town hall at Mount St. Joseph University in Cincinnati, Wednesday, July 21, 2021. AP Photo/Andrew Harnik Biden said nixing the filibuster would lead to "chaos" and "nothing could get done." Activists are pressing Biden to back eliminating the filibuster to pass voting rights protections. "What I don't want to do is get wrapped up right now in the argument of whether this is all about the fi...
Tags: Politics, John Lewis, Supreme Court, Congress, Senate, White House, Trends, Joe Biden, Cnn, Alaska, Don Lemon, Biden, Cincinnati, Voting Rights, Shelby, Lisa Murkowski


The Biden administration considers stricter mask guidance as the delta variant drives a spike in COVID-19 cases

President-elect Joe Biden puts on a mask after receiving his second dose of the Pfizer/BioNTech COVID-19 vaccination at ChristianaCare Christiana Hospital on January 11, 2021 in Newark, Delaware. Alex Wong/Getty Images Biden officials are considering stricter mask-wearing guidance as the delta variant cases spike. Officials at the CDCD are reportedly also considering more stringent mask guidelines. The guidance would be designed to protect unvaccinated people. See more stories on Insider&#...
Tags: Post, Politics, News, Washington Post, Cdc, White House, US, Trends, Joe Biden, Cnn, House, Biden, Centers For Disease Control And Prevention, Eliza Relman, Top Biden, Biden Administration


Trump defended sending supporters to the Capitol on January 6, saying he wanted them to go up to it but not inside

Donald Trump on screen as he gave a speech before the Capitol riot on January 6, 2021. Samuel Corum/Getty Images Donald Trump said that he wanted supporters to "not go in" the Capitol on January 6. Supporters attacked officers and breached the Capitol after Trump gave an incendiary speech. Trump and his allies have tried to whitewash the events of January 6. See more stories on Insider's business page. Former President Donald Trump defended whipping up his supporters ahead of the Ja...
Tags: Facebook, Politics, Washington Post, Senate, White House, Trends, Joe Biden, Cnn, News UK, Donald Trump, Capitol Police, Trump, Capitol, Philip Rucker, Tom Porter, Rucker


10 Things in Politics: Biden says Fox News saw the light on vaccines

Welcome back to 10 Things in Politics. Sign up here to receive this newsletter. Send tips to [email protected] or tweet me at @BrentGriffiths.Here's what we're talking about:Inside Gov. Kristi Noem's inner circleBiden doesn't care if you think he's the devil, you just can't say 'nothing happened' during the Capitol riotAmazon and investment banks are trying to cash in on cannabis legalization President Joe Biden speaking with reporters on July 8. Alex Won...
Tags: Amazon, Facebook, South Korea, Congress, Washington Post, Senate, White House, Israel, US, Alabama, Trends, Joe Biden, Cnn, Gop, South Dakota, House


Gen. Mark Milley thought Stephen Miller was 'a Rasputin character, always whispering devilish ideas in the king's ear,' new book says

According to a new book, there was tension between Trump adviser Stephen Miller (left) and Gen. Mark Milley (right) that exploded during a meeting on how to handle the George Floyd protests. Jabin Botsford/The Washington Post via Getty Images; Saul Loeb/AFP via Getty Images Gen. Mark Milley thought of Trump advisor Stephen Miller as "a Rasputin character," per a new book. "I Alone Can Fix It" details a conflict between Milley and Miller over the George Floyd protests. Milley told Miller to...
Tags: Hbo, Politics, News, Washington Post, White House, Book, Trends, Getty Images, Stephen, Miller, Trump, Donald J Trump, Joint Chiefs of Staff, Stephen Miller, Mark Milley, Rucker


Mark Milley thought Stephen Miller was 'a Rasputin character, always whispering devilish ideas in the king's ear,' new book says

According to a new book, there was tension between Trump adviser Stephen Miller (left) and Gen. Mark Milley (right) that exploded during a meeting on how to handle the George Floyd protests. Jabin Botsford/The Washington Post via Getty Images; Saul Loeb/AFP via Getty Images Gen. Mark Milley thought of Trump advisor Stephen Miller as "a Rasputin character," per a new book. "I Alone Can Fix It" details a conflict between Milley and Miller over the George Floyd protests. Milley told Miller to...
Tags: Hbo, Politics, News, Washington Post, White House, Book, Trends, Getty Images, Stephen, Miller, Trump, Donald J Trump, Joint Chiefs of Staff, Stephen Miller, Mark Milley, Rucker


Fourth Stimulus Check: Is Another Relief Payment Coming This Year?

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Tags: Business, New York, Texas, News, Minnesota, Maryland, Pua, Congress, California, Washington, Senate, White House, Massachusetts, Elizabeth Warren, Alabama, West Virginia


Democrats slam Mitch McConnell for taking economy 'hostage' by rallying GOP against extending US's ability to pay its bills on time

Senate Minority Leader Mitch McConnell said Trump is still "liable" for his conduct in office. Samuel Corum/Getty Images Democrats assailed Mitch McConnell for trying to rally Republicans against raising the debt ceiling. "He's not going to be able to hold the economy hostage," a top Democrat said Wednesday. Republicans had previously backed raising the debt ceiling under Trump. See more stories on Insider's business page. Congressional Democrats slammed Senate Minority Leader Mitc...
Tags: Politics, Congress, Kentucky, Senate, White House, Virginia, US, Trends, Economy, Democrats, Gop, Hawaii, Treasury, Mitch McConnell, Biden, Illinois


FHA Official Describes Federal Relief for Reverse Mortgage Borrowers, Ongoing Work With Industry

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) are working to coordinate with the White House and the U.S. Department of the Treasury to determine how borrowers of Home Equity Conversion Mortgages (HECMs) affected by the COVID-19 coronavirus pandemic can have assistance provided to them through the Homeowners Assistance Fund, a channel provided by the passage of the American Rescue Plan Act of 2021. This is according to FHA Deputy Assistan...
Tags: Finance, White House, Joe Biden, Treasury, Hud, Biden, Joseph, Treasury Department, FHA, Irwin, Steve Irwin, National Reverse Mortgage Lenders Association, Federal Housing Administration FHA, HECM, Department of the Treasury, U S Department of the Treasury



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