DIRS.INFO The most relevant business & tech news

☆ Kevin McCarthy says he is still 'far apart' on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe
▼ + stars: | 2023-05-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Kevin McCarthy said on Monday he thinks he is "far apart" on a debt ceiling solution with Biden. McCarthy said he thinks a deal needs to be reached by this weekend to avoid a default. McCarthy doesn't feel the same, telling reporters on Monday that he thinks both sides are "far apart" from reaching a deal. Biden and McCarthy are expected to meet again on Tuesday to move forward with discussions on a debt ceiling solution. "Default should be avoided, period," GOP Sen. Cynthia Lummis told Axios, adding that Biden and McCarthy "are going to have to negotiate through this."

☆ Republicans are preparing to let some bills go unpaid as the debt ceiling crisis looms. Janet Yellen says their plan is just 'default by another name.'
▼ + stars: | 2023-03-13 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Another debt ceiling crisis is looming, and Republicans and Democrats aren't negotiating. "Prioritization is simply not paying all of the government's bills when they come due. This isn't the first time Yellen has slammed GOP plans to address the debt ceiling. "What's critical is that we maintain our commitment to pay the government's bills — all the government's bills — when they come due," Yellen said on Friday. The clock is ticking for Congress to raise the debt ceiling, with the US expected to run out of measures to keep the government funded as soon as July.

☆ Biden’s test: Sustaining unity as Ukraine war enters second year
▼ + stars: | 2023-02-19 | by ( ) www.cnbc.com time to read: +9 min

One year ago, President Joe Biden was bracing for the worst as Russia massed troops in preparation to invade Ukraine. Ukraine's president, Volodymyr Zelenskyy, was offered help getting out of his country if he wanted it. Now, as Biden prepares to travel to Poland to mark the anniversary of the war, he faces a legacy-defining moment. In Poland, Biden is set to meet with allies to reassure them of the U.S. commitment to the region and to helping Ukraine "as long as it takes." From the beginning of his administration, Biden has argued the world is at a crucial moment pitting autocracies against democracies.

☆ Joe Biden's biggest successes and failures in his second year in office
▼ + stars: | 2022-12-31 | by ( Nicole Gaudiano | Brent D. Griffiths | ) www.businessinsider.com time to read: +15 min

His second year in office was marked by historic legislative achievements despite Democrats' razor-thin majority in Congress. Here are some of the highs and lows from Biden's second year:Success: UkrainePresident Joe Biden talks with Ukrainian President Volodymyr Zelenskyy outside the White House. Conservative New York Times columnist Bret Stephens in September called the "staggering gains" by Ukrainian forces "a victory for Joe Biden, too." Universal pre-K was included in a sweeping spending plan passed by House Democrats until their Senate colleagues cut that out too. Failure: InflationPresident Joe Biden arrives for an event focused on inflation and the supply chain at the Port of Los Angeles in June.

☆ Why Biden's student-loan forgiveness ignited a debate over the fairness of debt relief, according to an ethicist
▼ + stars: | 2022-12-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Dr. Kate Padgett Walsh, a debt ethicist, said those people view fairness "too narrowly." President Joe Biden arrived at an answer at the end of August – he would cancel up to $20,000 in student debt for federal borrowers making under $125,000. "Our student debt relief program will help borrowers most at risk of delinquency or default from the pandemic get back on their feet," Education Secretary Miguel Cardona wrote on Twitter. Senate Minority Leader Mitch McConnell said in August that Biden's plan to cancel student debt is "astonishingly unfair." "The financing of higher education is now so broken that we need to think about these questions of fairness and justice."

☆ Biden's administration asks the Supreme Court to take on another student-loan forgiveness lawsuit, saying the lower court blocking the debt relief 'profoundly erred'
▼ + stars: | 2022-12-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Biden administration asked the Supreme Court to pause another ruling that blocked student-debt relief. The Supreme Court decided Thursday it would hear arguments for a separate lawsuit that blocked relief. On Friday evening, Biden's Justice Department urged the Supreme Court to intervene in a lawsuit that blocked student-loan forgiveness last month. The administration also remains confident in the legal authority it has to enact broad debt relief as part of its pandemic recovery measures. "Our student debt relief program will help borrowers most at risk of delinquency or default from the pandemic get back on their feet," Education Secretary Miguel Cardona wrote on Twitter on Friday.

☆ How Silicon Valley could be impacted by a Republican-controlled House
▼ + stars: | 2022-11-17 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Democrats have hammered away at online platforms’ handling of hate speech and white nationalism, while promoting legislation that could drastically affect the business models of big tech companies. The return of heated tech CEO hearingsIn general, tech companies may face more political noise with a Republican House but potentially less policy risk. With Republicans likely to take control of the House, tech companies could face more hearings, but not necessarily more legislation. Privacy legislationMultiple Congress-watchers told CNN that support for federal privacy legislation is still bipartisan and the area remains one of a handful where lawmakers could make progress in the next Congress. It was approved by a key House committee this year and policy analysts say it could see more opportunities to advance next year.

☆ Just 10% of voters under 40 'strongly approve' of Biden in new poll, inflation remains a top concern ahead of the midterm elections
▼ + stars: | 2022-11-01 | by ( Emma Kinery | ) www.cnbc.com time to read: +5 min

One quarter of all respondents under 40 strongly disapproved of Biden's performance. Twenty-six percent of respondents said they "approve somewhat" of Biden's performance and an additional 22% neither approve or disapprove. "There's overwhelming disagreement with the Supreme Court's decision to overturn Roe v. Wade and we find the Supreme Court is highly unpopular among young adults," Ramanathan said. "Inflation is the most salient issue among young adults — specifically inflation, rather than general economic concerns," Ramanathan said, noting that it's increased from previous surveys. "More young adults say inflation makes them more likely to support Republicans than Democrats, but the plurality, about a third, say it won't impact their vote."

☆ The sleeper county that could decide the Senate
▼ + stars: | 2022-10-28 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +10 min

All of those factors make Washoe County the ultimate battleground for Cortez Masto and Laxalt. Both campaigns say that in the final 11 days, they’re swamping Washoe County with TV ads, canvassers and events. “Without a significant win in Washoe County, she has very few paths of winning Nevada.”Washoe County eluded Cortez Masto and Laxalt in their most recent statewide races. “The Democrats keep harping on that item here,” Bruce Parks, the Washoe County Republican chair, said of the abortion issue. “As I talk to Nevadans, including in Washoe County, it’s a combination of things — it’s not just the kitchen table issues,” she said.

☆ Biden admin officials consider discouraging U.S. companies from expanding business ties with Saudi Arabia
▼ + stars: | 2022-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | Carol E. Lee | ) www.nbcnews.com time to read: +8 min

WASHINGTON — Biden administration officials are considering trying to discourage American companies from expanding business ties with Saudi Arabia as part of a U.S. response to a recent Saudi-led push by oil-producing countries to cut global production, said three current and former U.S. officials familiar with the discussions. The Trump administration sent the treasury secretary to the conference, whereas last year the Biden administration sent Deputy Commerce Secretary Don Graves. “That’s going to be a key test, that OPEC meeting,” the senior administration official said. Early last year Riyadh announced that starting in 2024 only international companies with regional headquarters in Saudi Arabia could do business with the Saudi government. Before the OPEC+ decision this month, U.S. and Saudi officials spent hours discussing the future of oil prices, according to administration officials.

☆ Tucker Carlson hosts Tulsi Gabbard after she quits the Democratic Party. Good riddance.
▼ + stars: | 2022-10-12 | by ( Max Burns | Max Burns Is A Democratic Strategist | Founder Of Third Degree Strategies. Find Him On Twitter | ) www.nbcnews.com time to read: +7 min

Just three years ago, then-Hawaii Rep. Tulsi Gabbard stood on the Democratic presidential debate stage and pitched herself as a leader committed to moving the party forward. That Gabbard is tough to square with the bitter also-ran who told the world on Twitter on Tuesday morning that she was officially leaving the Democratic Party. Gabbard’s minute-long good riddance video might have been a bigger media surprise had she not spent much of the last two years savaging the Democratic Party and drifting relentlessly rightward. Pennsylvania state Rep. Malcolm Kenyatta was more succinct in his snark, tweeting, “Wait, Tulsi Gabbard was a Democrat?”Gabbard’s reasons for leaving read like a typical Tucker Carlson monologue. On Wednesday, just a day after announcing her departure from the Democratic Party, Gabbard announced the launch of “The Tulsi Gabbard Show” on Apple Podcasts.

☆ The CEO of a major student-loan company says he won't sue Biden on debt cancellation even though he 'clearly' has standing
▼ + stars: | 2022-09-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Navient CEO Jack Remondi said he won't sue Biden on his student-loan forgiveness plan. However, he did note his company would have standing to bring forth legal action. Remondi addressed those threats and said that Navient would "clearly" have the legal standing to challenge the policy because it owns loans within the Federal Family Education Loan (FFEL) program. But in terms of whether Navient will actually sue, Remondi said: "It won't be us." "It's pretty clear that the precedent here requires someone to have standing in order to sue.

☆ Why Joe Biden thinks he's never too old to be your president
▼ + stars: | 2022-09-13 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +28 min

As the oldest sitting president, he's raising concerns about how long he can continue governing. Republicans — including Trump — have gleefully seized on Biden's verbal misadventures, such as when he called his vice president "President Harris." President Joe Biden drives the Ford's new all-electric F-150 Lightning in Dearborn, Michigan. Ruggerio described the idea that Joe Biden is diminished or can't remember things as "bull crap." Cox said that while he thinks Biden is "still Joe" and still capable, he worries that Biden's age is a problem.

Search resuls for: "— BIDEN"

13 mentions found