Author: Sylvan Lane

On the Money — Senate blocks rail strike, rejects sick leave

The Senate voted to implement a contract between rail workers and railroads, putting an end to the strike threat for good. We’ll also look at why regulators couldn’t stop FTX and falling mortgage rates. 🎥 But first, some light-hearted news at the intersection of Pennsylvania Avenue and Sesame Street. Welcome to On The Money, your nightly guide…

Top regulator says agency had no way to prevent FTX collapse

A top financial regulator told lawmakers Thursday his agency lacked the proper legal authority to oversee collapsed cryptocurrency firm FTX and step in before the company imploded, setting off a crisis within the digital asset industry. Commodity Futures Trading Commission (CFTC) Chairman Rostin Benham told a Senate panel Thursday that his agency had insight only…

Americans boost spending as inflation slows slightly

Consumer prices rose at slightly slower rates in October even as Americans boosted their spending, according to data released Thursday by the Commerce Department. The personal consumption expenditures (PCE) price index, a closely watched inflation gauge, rose 0.3 percent in October and 6 percent since the same month a year ago. While the monthly inflation…

On The Money — House quashes rail strike threat

The House voted to block a national rail shutdown and provide rail workers with paid sick leave. We’ll also look at Powell’s newest remarks on rate hikes, who’s getting Trump’s tax returns and another round of record corporate profits. But first, learn more about Pelosi’s newly anointed successor. Welcome to On The Money, your nightly guide…

On The Money — Why Democrats are breaking with rail workers

Congress is set to take action to prevent a rail strike from upending the economy, but some workers object. We’ll also look at the increasing likelihood of a stopgap funding bill and a tepid economic prediction from a big bank chief. 🤒 But first, a warning about the brewing flu season. Welcome to On The Money,…

On The Money — Senators turn up the heat on FTX

FTX founder Sam Bankman-Fried is facing calls for a criminal investigation from Congress. We’ll also look at the rising unemployment claim numbers, higher new home sales and the U.N.’s most recent attempt to write international tax rules. But first, see former President Trump’s reaction to the Supreme Court’s tax returns ruling. Welcome to On The Money, your…

On The Money — White House extends student loan pause

The Biden administration is stepping in to make sure student debtors aren’t caught off guard. We’ll also look at the Supreme Court’s ruling on former President Trump’s tax returns and the impact of inflation on Thanksgiving. But first, take a look at the seven Republicans most likely to challenge Trump for the GOP nomination. Welcome to On…