Author: Zach Schonfeld

Treasury official says potential EU price cap on Russian oil could limit Moscow’s revenues

A top U.S. Treasury official welcomed reports that the European Union (EU) has asked the bloc’s member states to approve a $60-per-barrel price cap on Russian oil, saying it would reduce Moscow’s revenue needed to finance its war in Ukraine. Speaking at the Reuters NEXT conference on Thursday, Deputy Treasury Secretary Wally Adeyemo responded to…

Biden student loan debt forgiveness plan suffers another setback

A federal appeals court on Wednesday declined to shelve a lower court’s ruling blocking President Biden’s student debt relief plan as the administration’s full appeal proceeds. The decision from the New Orleans-based U.S. Court of Appeals for the 5th Circuit marks the second appeals court to issue a setback to the policy, effectively halting the…

House Jan. 6 committee has completed all interviews, Lofgren says

Rep. Zoe Lofgren (D-Calif.), a member of the House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol, on Thursday said the panel has completed all of its depositions, totaling more than 1,000 interviews. During an appearance on “CNN This Morning,” Lofgren told anchor Kaitlan Collins that Wisconsin Assembly Speaker Robin Vos’s (R)…

Biden, DeSantis tied in hypothetical matchup: poll

President Biden and Florida Gov. Ron DeSantis (R) were tied in a hypothetical 2024 matchup, according to a new Marquette Law School poll. The poll, which was released on Thursday, found that 42 percent of registered voters would cast their ballots for DeSantis and 42 percent would support Biden. Eleven percent said they would vote…

House panel gets Trump tax returns

The House Ways and Committee has received former President Trump’s tax returns, ending Democrats’ multiyear legal battle to obtain the documents, multiple outlets reported on Wednesday. The reports indicate the Treasury Department has complied with the committee’s request after the Supreme Court last week rejected Trump’s emergency appeal to stop the handover, effectively capping his…