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Articles for Ust, search results for past

The US Federal Reserve must do two things right now
1 month, 2 weeks ago

The US Federal Reserve must do two things right now

Live Mint  

As US Federal Reserve officials deliberate monetary policy, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management measures to ‘fine tune’ the economy. Its obsession with data dependency has seen it over-react to noisy historical data, lacking the more strategic forward-looking approach needed when using policy tools that operate with ‘long …

Economy Fed Rate Cut Ust Lesson Policy
43 members of Congress violated stock law
2 months, 3 weeks ago

43 members of Congress violated stock law

Raw Story  

At least 62 members of 118th Congress have violated a federal insider trading and conflicts-of-interest law, a Raw Story analysis of congressional financial disclosures reveals. Raw Story reported in June that Allen was late in disclosing his spouse’s March 27 sale — valued between $100,001 to $250,000 — of stock in SouthState Corporation, a financial services company. "Sen. Hagerty did …

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'Just sitting there': Why a dormant government fund got another cash infusion
1 year ago

'Just sitting there': Why a dormant government fund got another cash infusion

Raw Story  

A largely unused government fund intended to pay for presidential elections continues to grow with monthly taxpayer infusions — adding $327,000 last month, according to a Raw Story analysis of U.S. Treasury records. “It makes it that much simpler, and it's when people are having additional money coming to them.” President Barack Obama, as a presidential candidate in 2008, declined …

Research Money Congress Campaign Election Common Cause Republican
Here's why taxpayers just paid another $1.3 million into an unused government fund
1 year, 1 month ago

Here's why taxpayers just paid another $1.3 million into an unused government fund

Raw Story  

A largely unused government fund intended to pay for presidential elections continues to grow with monthly taxpayer infusions — adding nearly $1.3 million last month, according to a Raw Story analysis of U.S. Treasury records. “It makes it that much simpler, and it's when people are having additional money coming to them.” President Barack Obama, as a presidential candidate in …

Congress Campaign Election Common Cause Republican Democrat Million
Why an unused government fund just grew by $8.3 million — and no, you can't have the money back
1 year, 6 months ago

Why an unused government fund just grew by $8.3 million — and no, you can't have the money back

Raw Story  

An unused government fund intended to pay for presidential elections grew by nearly $8.3 million in April — and the taxpayer-funded money will now sit untouched in a bureaucratic black hole for what could be years or even decades, according to a Raw Story analysis of U.S. Treasury records. “It makes it that much simpler, and it's when people are …

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'Productive' Talks No Deal Yet: What Is US Debt Ceiling, Over Which US Lawmakers Have Locked Horns?
1 year, 7 months ago

'Productive' Talks No Deal Yet: What Is US Debt Ceiling, Over Which US Lawmakers Have Locked Horns?

ABP News  

US President Joe Biden and Republican House Speaker Kevin McCarthy have called their latest round of negotiations on the debt ceiling “productive”, but they still haven’t reached a deal to avoid looming debt default. The US Treasury departments websites say that the debt limit is the total amount of money that the United States government is authorised to borrow to …

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US default on $31.46 trillion debt may lead to global crisis: Treasury chief
1 year, 7 months ago

US default on $31.46 trillion debt may lead to global crisis: Treasury chief

Hindustan Times  

U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic downturn and risk undermining U.S. global economic leadership. "It would also risk undermining U.S. global economic leadership and raise questions about our ability to defend our national security interests." Yellen said she …

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US Treasury buys time for Biden and GOP on debt limit deal
1 year, 11 months ago

US Treasury buys time for Biden and GOP on debt limit deal

The Hindu  

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis. The Treasury Department said in a letter to congressional leaders it had started taking “extraordinary measures” as …

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The significance of the crash of stablecoin terraUSD
2 years, 7 months ago

The significance of the crash of stablecoin terraUSD

Live Mint  

Stablecoin terraUSD crashed from its $1 value this week, while its sister token Terra slumped more than 95% in the past five days. However, combined with the recent fall in the overall crypto market and the dumping of UST, the coin failed to stabilize and hit a low $0.60 on Tuesday. View Full Image Unstable stablecoin Can it damage the …

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