Author: Sylvan Lane

On The Money – Biden cutting it close for student loan borrowers

President Biden is keeping student loan borrowers in suspense over whether he’ll decide to again extend a freeze on repayments. We’ll also look at the new boogeyman Republicans have been zeroing in on ahead of the November midterm races, the country’s trade talks with Taiwan and more. But first, check out the latest installment in our new…

On The Money — Yellen eyes $80B boost to ‘transform’ IRS

Treasury Secretary Janet Yellen is readying the IRS for an overhaul of the U.S. tax collection system. We’ll also look at what Biden administration officials have to say about extending the current student loans freeze, TikTok’s crackdown on paid influencer political ads ahead of midterms, and more. But first, Solange Knowles is making big history. Welcome to…

On The Money — Inflation Reduction Act heads to House

We have the details on every major provision in the Senate-passed Inflation Reduction Act. We’ll also look at improving consumer inflation expectations, the most recent Ukraine aid package and plummeting gas prices. But first, see why some are wary of Trump’s toilets. Welcome to On The Money, your nightly guide to everything affecting your bills,…

On The Money — How Senate Dems got Sinema’s support

We’ll break down how Democrats found a way to get Sen. Kyrsten Sinema (D-Ariz.) on board with a major health care, climate and tax deal. We’ll also look at a stellar July job gain and the steep costs of Kentucky floods. But first, some celestial chorizo. Welcome to On The Money, your nightly guide to…

Economy adds whopping 528K jobs in July, shatters expectations

The U.S. added 528,000 jobs and the unemployment rate fell to 3.5 percent in July, according to data released Friday by the Labor Department, a stunning gain that defied predictions of a slowdown. Economists expected the U.S. to have added roughly 250,000 jobs in July and keep the jobless rate at 3.6 percent, according to…

On The Money – Senate moves forward with Schumer-Manchin deal

The Senate is beginning consideration of Democrats’ massive tax, health care and climate plan, teeing up a weekend of around-the-clock votes. We’ll also look at what three former IRS chiefs have to say about the bill, an update on the nation’s jobless claims and more. But first, see which Democrats are dodging questions about Biden’s 2024 bid. …

Jobless claims tick higher as layoffs rise

New applications for jobless benefits ticked higher during the final week of July, according to data released Thursday by the Labor Department. In the week ending July 30, initial claims for unemployment insurance rose to 260,000, up by 6,000 from the previous week. While claims still remain near pre-pandemic lows, they’ve risen to the highest…

On The Money — All eyes on Sinema with Biden plan in the balance

The biggest suspense story in Washington, D.C., has everything to do with a certain senator from Arizona. We’ll also look at the budget impact of the Schumer-Manchin deal and hard times for renters But first, the Senate has voted to expand NATO. Welcome to On The Money, your nightly guide to everything affecting your bills, bank…

On The Money — Manchin swaps proposals with Sinema

Sen. Joe Manchin (D-W.Va.) is working on getting Sen. Kyrsten Sinema’s (D-Ariz.) support for the deal he cut with Senate Majority Leader Charles Schumer (D-N.Y.). We’ll also look at the latest data on the strength of the labor market and more sanctions on Russia. But first, Dee Snider is going after a top GOP candidate. Welcome…