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☆ ‘I’ve had this black cloud looming over me’: How private lenders have left millions of college students with no hope for the future
▼ + stars: | 2023-08-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +15 min

We both do DoorDash, and probably when those federal student loans start up, it'll be more of a necessity to do that." While private debt makes up just about 10% of the $1.7 trillion student-debt mountain in the US — about $136 billion — the industry has exploded over the past decade: the amount of outstanding private debt has jumped an estimated 47% since 2014. "Regardless, the student loan debt that was supposed to be an investment in their futures is dragging them down." To be sure, some private servicers do disclose benefits private borrowers could lose should they choose to refinance. Moran said he didn't regret taking out private student loans because it allowed him to pursue his desired nursing career.

Persons: Brianne Jones, Jones, she's, We're, it'll, Michele Shepard, they've, it's, Shepard, Suzanne Martindale, —, Anna Anderson, you've, It's, Navient, Martindale, Ryan Moran, Moran, Moran isn't, Joe Biden, I've, Anderson, forbearance, Steve Cohen, didn't Organizations: Eastern Michigan University, West, Federal Direct Loan Program, Institute for College, California's Department of Financial Protection, National Consumer Law Center, Consumer Financial, Bureau, Consumer Financial Protection Bureau, — Maryland Locations: Florida, —, California

☆ This education stock can rally more than 20% as pandemic recovery continues, Bank of America says
▼ + stars: | 2023-08-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors want to get ahead of a potential rally on shares of Strategic Education as the company's earnings strengthen, Bank of America said. Analyst Heather Balsky upgraded the education stock to buy from neutral while pulling back her price target by $9 to $90. "We see upside to sales and margins driven by its post-COVID recovery, improved marketing effectiveness, and tight cost control," she said in a note to clients Friday. STRA YTD mountain Strategic Education, year to date Balsky said recovery has been hurt by processing delays for international students at its Australian college. And Balsky added that margins should also beat expectations if sales growth comes in better than expected.

Persons: Heather Balsky, Balsky, Torrens, Strayer, — CNBC's Michael Bloom Organizations: Strategic Education, Bank of America, Capella Locations: U.S, Strayer, New Zealand, Australia

☆ Fears of predatory land grabs mount in the ashes of Maui, opening old wounds
▼ + stars: | 2023-08-17 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

CNN —The threat of predatory outsiders swooping in to buy up property under the ashes of Maui is sparking outrage and opening old wounds for locals. “And every time there’s a crisis, it accelerates.”Homes consumed in recent wildfires are seen in Lahaina, Hawaii, Wednesday, Aug. 16, 2023. Jae C. Hong/APA week after wildfires razed through west Maui, killing more than a hundred people and displacing thousands, locals are grieving and rallying together to take care of those who lost everything. It’s through these community-based efforts, Ing said, that the people of Maui will best find a way to equitably rebuild. An offering of flowers is left on the ground following the Maui fires in Lahaina, West Maui, Hawaii, August 16, 2023.

Persons: ”, Kaniela Ing, Jae C, insurrectionists, Queen Lili’uokalani, Sterling Higa, ” Higa, Justin Sullivan, Josh Green, don’t, he’s, ” Green, we’re, wrongdoers, ” Mana Moriarty, Ing, ” Ing, kanaka, Yuki Iwamura, Green, Higa, ” “, GoFundMe, “, “ That’s, it’s Organizations: CNN, Homes, Housing, “, Hawaii’s Department of Commerce, Consumer Affairs, Consumer, Green New Deal, Getty Locations: Maui, Hawaiian, Lahaina , Hawaii, American, Kingdom of Hawaii, United States, Lahaina, Hawaii, Lahaina , West Maui, AFP

☆ Hawaii wildfire death toll rises to 55, historic capital Lahaina 'reduced to ashes'
▼ + stars: | 2023-08-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

At least 55 people are dead after devastating wildfires ripped through Hawaii's second-largest island, Maui, county officials confirmed late Thursday local time. The blaze has reduced the historic town of Lahaina to ashes, said Hawaii Sen. Brian Schatz, who surveyed the damage. The fire in Lahaina has been 80% contained but remains active, according to an update Thursday from Maui County officials. Lahaina was the capital of Hawaii when the islands were an independent kingdom. Dozens of travelers wait in line to pass security at Kahului Airport in Kahului, Hawaii, on Aug. 10, 2023.

Persons: Hawaii Sen, Brian Schatz, King Kamehameha I, we're, " Schatz, Josh Green, Puong Sui, Lin, Green, Joe Biden, Biden, Deanne, Criswell, Mengshin Lin Organizations: Hawaii Gov, Washington Post, Getty, Emergency Management, NPR, Kahului Locations: Maui, Lahaina, Hawaii, Maui County, West Maui, Puong, Kahului

☆ Photos this week: August 4-10, 2023
▼ + stars: | 2023-08-10 | by ( ) edition.cnn.com time to read: 1 min

Wildfires on the Hawaiian island of Maui have caused widespread devastation this week, especially in the town of Lahaina where homes and businesses have been wiped out and hundreds of families have been displaced. Dozens of people have also been killed in the wildfires, which led President Joe Biden to approve a disaster declaration so the state could receive federal aid to assist in the recovery. Most of the fires, fueled partly by strong winds associated with Hurricane Dora hundreds of miles away, have not yet been contained, according to Maui County Mayor Richard Bissen Jr. Hawaii's Big Island has also been impacted by wildfires. Here are some of the stories that made headlines over the past week, as well as some photos that caught our eye.

Persons: Joe Biden, Hurricane Dora, Richard Bissen Jr Organizations: Hurricane Locations: Maui, Lahaina, Maui County

☆ Hawaii wildfires: Biden vows immediate aid, deploys military to assist victims
▼ + stars: | 2023-08-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

President Joe Biden on Thursday vowed immediate assistance for Maui residents who have lost loved ones and their homes in devastating wildfires that have taken at least 36 lives. "Anyone who's lost a loved one, whose home has been damaged or destroyed, is going to get help immediately," Biden said. The president has ordered the military to the island to help fight the blaze and evacuate people out of harms way. The Marines are providing Black Hawk helicopters to help fight the fires. The U.S. Department of Transportation is also working with commercial airlines to help evacuate tourists from Maui.

Persons: Joe Biden, Biden, who's, Josh Green, Deanne Organizations: Hawaii Gov, Army, U.S, Marines, NBC News, U.S . Department of Transportation, Maui ., Maui . United Airlines, Kahului Locations: Kihei, Maui County, Hawaii, U.S, Maui, Lahaina, Utah, Maui . United

☆ Biden expands US aid for Hawaii as wildfires grip Maui
▼ + stars: | 2023-08-10 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

SALT LAKE CITY, Aug 10 (Reuters) - President Joe Biden on Thursday expanded federal aid to Hawaii and promised help to its suffering citizens as deadly wildfires engulfed the island of Maui, and he expressed condolences for the devastation in a call with the state's governor. An aerial view shows smoke as wildfires ravage the island in Maui, Hawaii, August 9, 2023. County of Maui/Handout via REUTERS"Our prayers are with the people of Hawaii, but not just our prayers. The White House said the order would make federal funding available to affected people in Maui County. In a call with Hawaii Governor Josh Green, Biden "expressed his deep condolences for the lives lost and vast destruction of land and property," the White House added.

Persons: Joe Biden, Biden, who's, Josh Green, Nandita Bose, Susan Heavey, Rami Ayyub, Jeff Mason, Aurora Ellis, Jonathan Oatis Organizations: LAKE CITY, Hawaii, Federal Emergency Management Agency, FEMA, National Guard, U.S . Coast Guard, Thomson Locations: Hawaii, Maui, Utah, County, Handout, Maui County

☆ With college bills due soon, families should know the risks of private student loans
▼ + stars: | 2023-08-07 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

But, Kantrowitz said, "borrowing private loans may be a sign of overborrowing, so they should do so with caution." Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal and private lenders, said private student loans can fill the gap for those who've exhausted federal aid and scholarships. "We almost always advise against private loans," Mayotte said in an earlier interview. She also described severe terms private lenders may enforce. watch nowAs Mayotte pointed out, many private lenders require students to get a cosigner who is equally liable for the debt.

Persons: Carlo Prearo, Max, Kantrowitz, Scott Buchanan, Buchanan, Betsy Mayotte, there's Organizations: Istock, Getty, U.S . Department of Labor's, Student Loan, Alliance, The, Student Loan Advisors Locations: Mayotte

☆ Even Trump’s indictments haven’t shattered the deadlock between the parties. Here’s why
▼ + stars: | 2023-08-01 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

The poll found voters divided exactly in half over whether they intended to vote for Democrats or Republicans in the next Congressional election. While surveys now usually show Biden leading Trump, the president’s margin rarely exceeds his four-point margin of victory from 2020. Instead, the pandemic quickly evolved into just another front in the preexisting culture war lines of division between the parties. Yet Biden, as noted above, still maintained his 2020 lead over Trump in these seats of four percentage points. Surveys have found widespread concern among voters that Biden is too old to effectively handle the presidency.

Persons: Donald Trump’s, Trump, Joe Biden, ”, Lynn Vavreck, Franklin Roosevelt, Tony Fabrizio, John Anzalone, Biden, Fabrizio, Bill McInturff, “, ” McInturff, McInturff, Vavreck, John Sides, Chris Tausanovitch, ” Vavreck, Stormy Daniels, Anzalone, ” Anzalone, it’s Trump, Simon Rosenberg, ” Rosenberg, Rosenberg Organizations: CNN, Republican, Democratic, UCLA, Electoral College, GOP, Senate, Trump, Biden, AARP, Republicans, NBC, Bright Line, NPR, PBS, Marist, White, Whites, Democrats, Wisconsin – Locations: Anzalone, Arizona , Georgia, Michigan, Pennsylvania, Wisconsin, Trump

☆ We can’t air-condition our way out of America’s heat crisis
▼ + stars: | 2023-07-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —Extreme heat in the summer has become America’s brutal new reality. It would also include building code changes that require multi-family homes provide cooling the same way they do heating. Heat waves and mirage create an impressionistic scene on Sierra Highway during a scorching day on Saturday, July 15, 2023. Cities are warmer than their surrounding areas, a phenomenon known as the urban heat island effect, and they need to be better designed to keep people cool, researchers say. They were designed 40 years ago when summer temperatures were much cooler,” Mark Wolfe said.

Persons: haven’t, ”, Mark Wolfe, hasn’t, ” Wolfe, Myung J, Chun, Rushad Nanavatty, National Weather Service hasn’t, Kelly Turner, “, Turner Organizations: New, New York CNN, National Energy Assistance, ’ Association, Southland, Los Angeles Times, RMI, Cool Coalition, United, US Department of Energy, Centers for Disease Control, Low Income, Energy Assistance, nonpayment, LIHEAP, CDC, National Weather Service, Solutions, UCLA, Environmental Protection Agency Locations: New York, Chicago, Los Angeles, United Nations, Washington, DC, Arizona, Maricopa, Yuma, York City, Miami, Dade County

☆ A Michigan city stopped people from repainting a Black Lives Matter street mural, claiming it posed 'traffic safety concerns'
▼ + stars: | 2023-07-16 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Volunteers can't repaint a Black Lives Matter mural on a main street in Flint, city officials said. But the state's transportation department said they aren't preventing the project. Edwards did not immediately respond to Insider's request for comment, nor did the Flint chapter of Black Lives Matter. However, a spokesperson from the Michigan Department of Transportation denied Edwards' claim that the department would shut down the street, The Flint Journal reported. Black Lives Matter murals across the state have previously been vandalized.

Persons: Martin Luther King, Clyde Edwards, Edwards, Jocelyn Garza, Garza, It's Organizations: Service, Martin Luther King Avenue, Flint Journal, Michigan Department of Transportation, MLK Locations: Flint, Wall, Silicon, Flint , Michigan

☆ Power shutoffs: Sweltering Americans have fewer protections this summer
▼ + stars: | 2023-07-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

Despite the growing concern of heat-related illnesses and climate change, people have far fewer protections from power shutoffs during the summer than they do in the winter. The Low Income Home Energy Assistance Program, known as LIHEAP, has about $6 billion in funds for fiscal 2023, which runs through September. The association is calling on Congress to provide an additional $3 billion for cooling assistance this summer, which would help about 6 million households. And it is asking utilities to voluntarily suspend shutoffs this summer for those behind on their bills. Florida Power & Light, for instance, has a longstanding policy that it won’t disconnect customers if it’s 95 degrees or higher.

Persons: David Konisky, ”, Konisky, Mark Wolfe, That’s, Wolfe, it’s, Bianca Soriano, Soriano Organizations: New, New York CNN, National Weather Service, Center for Energy, National Energy Assistance, Association, Energy, Indiana University, Centers for Disease Control, Income, Energy Assistance, Lawmakers, US Energy Information Administration, Louisiana —, Florida, Customers Locations: New York, United States, Washington, DC, Delaware, Nevada, Colorado , Missouri, New Jersey, Texas, Louisiana, Florida

☆ United Airlines Struggles to Resolve Flight Disruptions
▼ + stars: | 2023-06-30 | by ( Niraj Chokshi | ) www.nytimes.com time to read: +1 min

United Airlines was struggling on Friday to recover from a week of flight delays and cancellations, testing the resilience of its operation as people head to airports ahead of the busy July 4 holiday. Other airlines suffered flight delays and cancellations at the time, too, but by Wednesday United’s problems stood out as they spread to its operations across the country. Still, the number of flights canceled by United on Thursday, more than 520, eclipsed cancellations by other carriers. SkyWest Airlines, which operates flights for United and several other major airlines, ranked second, canceling just over 100 flights. As of midmorning on Friday, United had canceled more than 200 flights, or 7 percent of its schedule for the day, according to FlightAware.

Persons: United, midmorning Organizations: Airlines, United, SkyWest Airlines Locations: New York, Denver, Chicago

☆ Opinion: Trump, the hoarder in chief
▼ + stars: | 2023-06-18 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Photos included in the 38-count indictment of former President Donald Trump and his aide Walt Nauta show bankers boxes stacked in a bathroom and other parts of Trump’s Mar-a-Lago club. Trump has always hung onto news clippings, documents and other mementos,” The New York Times reported. “Trump is chaotic and unpredictable in a way that could lead other Republicans to believe that there is a chance he won’t make it to the convention. As Zelizer noted, “Trump has denied wrongdoing, claiming he is being unfairly targeted.”But “given this unusual context, Republicans have legitimate reasons to think that there could be an upset.

Persons: Harry Fellowes, Fellowes, Harry Fellowes couldn’t, Donald Trump, Walt Nauta, Trump, Kim Jong, Mr, Jack Smith’s, Peter Bergen, ” Bergen, Nick Anderson, David Zurawik, “, ” Zurawik, ” Clay Jones, ” Trump, Jill Filipovic, ” Dana Summers, John Avlon, MAGA hasn’t, Gautham Rao, Donald Trump’s, Dean Obeidallah, Hillary Clinton, Phil Hands, Miami Mayor Francis Suarez, Julian Zelizer, “ Trump, ”, Facebook Trump, Zelizer, Republican Alice Stewart, Joe Biden, Mike, Pence, Agency Stewart, I’m, that’s, Chris Christie, Christie, Cupp, ’, Frida Ghitis, Mucutuy, –, Cristin, Tien Ranoque, ” Ghitis, David Andelman, Ruth Ben Ghiat, Brett Bruen, Sébastien Roblin, Michael Bociurkiw, Father’s, Edward S, Feldman, Harrison Ford, David G, Allan, Tom Hanks, ” Allan, I’ve, Ford, Indiana Jones, Steve Majors, Young, Joyce M, Davis, Pete Buttigieg, ” Davis, Buttigieg, Don’t, Tom Stiglich, Syndicate David Culver, Opal Lee, Dion Sims, Black, Juneteenth Scott Hodge, Roxanne Jones, LeBron James, NBA Joshua Douglas, Samuel Huneke, Jere Hester, they’re, Sir Paul McCartney, John Lennon’s, Yoko Ono, Lennon’s, McCartney Organizations: CNN, White, The New York Times, West Wing, Tribune, Agency, US, Trump, Miami Mayor, Republican, Twitter, Facebook, intel, New, New Jersey Gov, Paramount Pictures, “, Syndicate, NBA, Central Press, Hulton, Beatles, BBC Locations: Trump’s, Mar, Miami, New Jersey, China, Philadelphia, Atlanta , Georgia, Harrisburg , Pennsylvania, Jamaica

☆ Opinion: Uganda anti-LGBTQ law is outrageous. Here’s the smart way to fight it
▼ + stars: | 2023-06-15 | by ( Opinion Brett Bruen | ) edition.cnn.com time to read: +9 min

But perhaps most importantly in this context, it actually serves to further erode LGBTQ rights around the world. Putin has used attacks on LGBTQ rights as a way to try to appeal to African leaders, suggesting Russia is more aligned with their conservative values. Slapping stiff sanctions on Kampala will reinforce this rhetoric and allow the anti-LGBTQ attacks he’s using to gain greater strength. Instead, we should look at how to prominently elevate and sustain the focus on LGBTQ rights in our relations with Uganda as well as with these other nations. We should invite more Ugandan musicians, artists and actors to collaborate with leading American LGBTQ cultural figures.

Persons: Brett Bruen, Obama, Yoweri Museveni, doles, Brett Bruen CASME, Biden, George Santos, ” Santos, Ugandans, Vladimir Putin, Xi Jinping, Putin, Sen, Ted Cruz, Saddam Hussein Organizations: Inc, Georgetown University, Obama White House, CNN, State Department, United Arab, Ugandans, Twitter, Facebook Locations: American, Ivory Coast, Venezuela, Iraq, Madagascar, Uganda, United States, Kampala, East, Russia, Zimbabwe, Africa, China, Washington, Moscow, Beijing, Russian, Saudi Arabia, United Arab Emirates, Brunei, Eritrea

☆ Opinion | Ron DeSantis Thinks Power Corrupts … Everyone Else
▼ + stars: | 2023-06-11 | by ( Ezra Klein | ) www.nytimes.com time to read: +2 min

“For years, the default conservative position has been to limit government and then get out of the way,” DeSantis writes. And DeSantis is trying to show, in vignette after vignette, that he has both the will and the discipline to do what Trump did not. Trump often appears in DeSantis’s book as a faintly comic figure. As Lozada observes, this is DeSantis criticizing Trump by proxy — Dr. Fauci served under Trump, and DeSantis is making clear he would have never let that stand. And so DeSantis delights in describing the methodical, relentless effort he put in to bending the state of Florida to his will.

Persons: ” DeSantis, ”, Carlos Lozada, Trump, Hurricane Michael, “, Mick Mulvaney, DeSantis, Fauci, Lozada Organizations: Facebook, Disney, Hurricane, Panhandle, Trump Locations: Mar, Trump, Florida

☆ Biden’s Debt-Deal Strategy: Win in the Fine Print
▼ + stars: | 2023-06-03 | by ( Jim Tankersley | ) www.nytimes.com time to read: +2 min

In pursuit of an agreement, the Biden team was willing to give Republicans victory after victory on political talking points, which they realized Mr. McCarthy needed to sell the bill to his conference. But in the details of the text and the many side deals that accompanied it, the Biden team wanted to win on substance. With one large exception — a $20 billion cut in enforcement funding for the Internal Revenue Service — they believe they did. The way administration officials see it, the full final agreement’s spending cuts are nothing worse than they would have expected in regular appropriations bills passed by a divided Congress. But because much of the money was repurposed for other spending, the net savings added up to only about $11 billion over two years.

Persons: Biden, McCarthy, McCarthy’s, — Organizations: Internal Revenue, — White, Biden

Eligibility requirements for the Supplemental Nutrition Assistance Program (SNAP) became a lightning rod in negotiations of the debt deal. The debt plan passed by the House of Representatives on Wednesday and by the Senate on Thursday contains work requirements to get food benefits. It would also expand those work requirements to adults aged 50 to 54, a group that had previously been exempted. Republicans argued during negotiations that expanding work requirements would help more SNAP recipients get jobs and reduce their dependence on federal aid. Some progressive lawmakers cited the work requirement issue as their reason for not supporting the debt deal.

Persons: Ty Jones Cox, Ellen Vollinger, Kevin McCarthy, Kofi Kenyatta, Colleen Young, Young, Leah Douglas, David Gregorio, Tom Hogue Organizations: Congress, Supplemental, Assistance, Food, Budget, Democrats, Republicans, SNAP, Veterans, Food Research, Action, Congressional, Office, Greater, Greater Pittsburgh Community Food Bank, Thomson Locations: UpTogether, Greater Pittsburgh

☆ Live updates: Russia's war in Ukraine, attacks on Kyiv
▼ + stars: | 2023-05-30 | by ( Kathleen Magramo | ) edition.cnn.com time to read: 1 min

Moscow airports are functioning as usual following a drone attack that damaged several buildings in the capital city and the region, Russian state news agency TASS reported Tuesday. All airports in the capital region are operating under normal conditions as of 8:00 a.m., and air traffic control dispatchers are working within normal limits, TASS reported, citing the press service of the Federal Air Transport Agency. Russia’s Ministry of Defense has claimed that Ukraine is responsible for the alleged drone attack against Moscow on Tuesday. Kyiv is yet to comment on the incident.

☆ Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default
▼ + stars: | 2023-05-28 | by ( ) www.cnbc.com time to read: +5 min

The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions. Negotiators agreed to some Republican demands for increased work requirements for recipients of food stamps that House Democrats had called a nonstarter. The agreement would raise the age for existing work requirements on able-bodied adults, from 49 to 54, without children. Lifting he nation's debt limit, now at $31 trillion, allows more borrowing to pay the nation's already incurred bills. Biden has said the work requirements for Medicaid would be a nonstarter.

☆ Breakingviews: Biden gives little, gets less in debt ceiling deal
▼ + stars: | 2023-05-28 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

WASHINGTON, May 28 (Reuters Breakingviews) - For President Joe Biden, a debt-ceiling victory comes with a bittersweet taste. The White House and top congressional Republican Kevin McCarthy reached a tentative deal for lifting the government’s borrowing limit on Saturday night. After months of negotiation, Biden and McCarthy reached an agreement just nine days before U.S. Treasury Secretary Janet Yellen said the country was expected to run out of cash. The deal lifts the debt ceiling about $4 trillion from its current level of $31.4 trillion, extending the government’s borrowing power for two more years. Follow @BenWinck on TwitterCONTEXT NEWSThe Biden administration and top congressional Republican Kevin McCarthy reached an agreement in principle on May 27 for raising the U.S. government’s debt ceiling.

☆ Republicans question June 1 debt ceiling deadline as talks zero in on potential trade-offs
▼ + stars: | 2023-05-23 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

Andrew Caballero-Reynolds | AFP | Getty ImagesWASHINGTON — A significant group of House Republicans raised questions Tuesday about whether the Treasury Department's June 1 deadline to avoid a potential U.S. debt default was accurate. "We'd like to see more transparency on how they come to that date," House Majority Leader Rep. Steve Scalise said Tuesday at a news conference. "We're getting closer," McCarthy told reporters late Monday, adding that the "circle" of issues was becoming "smaller, smaller, smaller." A Republican negotiator, Rep. Patrick McHenry, N.C., told reporters that spending was still the biggest hurdle to an agreement. Rep. Garret Graves, R-La., left, and Rep. Patrick McHenry, R-N.C., speak to reporters about debt ceiling negotiations as they leave the House Republicans' caucus meeting at the Capitol Hill Club in Washington, May 23, 2023.

Persons: Kevin McCarthy, Joe Biden, Andrew Caballero, Reynolds, Steve Scalise, Scalise, Janet Yellen's, Nathan Howard, Biden, We're, McCarthy, Karine Jean, Pierre, Jean, Pierre said, Katherine Clark, Elise Stefanik, Patrick McHenry, Garret Graves, Bill Clark Organizations: White, AFP, Getty Images WASHINGTON, House Republicans, Treasury, Republican, Bloomberg, Getty, CNBC, US, Democratic, Courage for America, Capitol, Getty Images House Republicans, Rep, Republicans, Capitol Hill Club, CQ, Inc Locations: Washington ,, United States, California, Washington , DC, U.S, N.C, R, Washington

WASHINGTON, May 18 (Reuters) - Vice President Kamala Harris and top White House economic adviser Lael Brainard said on Thursday that a default on the U.S. debt of $31.4 trillion would throw the American economy into a recession. In a conference call for Democratic activists, Harris and Brainard urged them to contact lawmakers to express opposition to a debt default that could be less than two weeks away. "A debt default could trigger a recession," she said. Negotiators for the White House and congressional Republicans met again on Capitol Hill to discuss their search for common ground on lifting the $31.4 trillion debt ceiling, and plan to meet again on Friday, a White House official said. Brainard said the administration's goal, in its talks with House Speaker Kevin McCarthy's team, is to work toward a reasonable, bipartisan budget agreement.

☆ Factbox: Biden, McCarthy debt ceiling deal - what's in, what's out
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

PERMITTING CHANGESA compromise is possible on reforming the process for energy permits and White House officials say it is being actively discussed. The White House has called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projects. The White House has for the most part ruled out Republican spending cuts. But Republicans are insistent that any debt ceiling deal will have to including spending cuts, and negotiations continue on this front. The White House has countered with a proposal for capping spending for two years.

☆ Gun-loving Texas, where most households own a firearm, has become an epicenter of mass shootings
▼ + stars: | 2023-05-17 | by ( Emma Tucker | ) edition.cnn.com time to read: +23 min

CNN and the GVA define a mass shooting as a shooting that injures or kills four or more people, not including the shooter. They argue that more firearms and higher gun ownership increases public safety – a stance that continues to be at odds with gun violence experts and data. The area around the Robb Elementary School signs has become a memorial dedicated to the victims of the May 24 mass shooting. Mass shootings are just a piece of that, and the strategies that we’re laying out will impact mass shootings. They’ll also impact a lot of other types of gun violence and that’s absolutely critical to saving lives,” Horwitz said.

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