June 22, 2021

US S&P: Economy lost at least $6 billion to shutdown

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From Newsmax The U.S. economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday. President Donald Trump agreed on Friday to end the 35-day partial shutdown, the longest in history, without […]

US Congress has 25 days to sidestep a government shutdown, deal with a mountain of deadlines, and avoid economic disaster

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By Bob Bryan From Business Insider It will be a wild and woolly September on Capitol Hill as Congress faces a massive number of legislative deadlines and initiative launches. There’s must-pass legislation — like a bill to raise the debt ceiling and a bill to fund the government — and some long-gestating projects like the […]

The Fed’s rosy worldview rests on a misleading premise

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By Pedro Nicolaci da Costa From Business Insider The Federal Reserve’s credibility is increasingly under scrutiny as it insists on raising interest rates despite signs of continued weakness in the labor market and, importantly, an inflation rate that refuses to climb to the central bank’s official 2% target. Fed officials often say their decisions about […]

WashPost: McConnell fast-tracking stalled US Senate Health Bill to CBO

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From Newsmax A new and revised version of the troubled Senate healthcare bill may be shipped off to the Congressional Budget Office (CBO) for review this week,The Washington Post reports. Capitol Hill aides and lobbyists told the newspaper that Senate Majority Leader Mitch McConnell is pushing to get a reworked bill to the CBO by […]

Senator Marco Rubio to address Caribbean American Legislative Forum on Capitol Hill

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From South Florida Caribbean News WASHINGTON, D.C . – U.S. Senator Marco Rubio (R-FL) will meet with Caribbean American Diaspora Leaders at the 19th Annual Caribbean American Legislative Forum taking place from June 21st-22ndon Capitol Hill in Washington, D.C. The roundtable is scheduled to take place in the Senate Dirksen Building at 1:30 pm on June 21st. Senator […]

These are the reasons why it’s ok to go into debt

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By Todd Campbell, The Motley Fool From Business Insider Most debt is costly and potentially ruinous to your financial future (looking at you, credit cards!), but there are times when going into debt allows you to attain financial goals that you’d otherwise be unable to reach. For example, taking on debt to pay for college, buy […]

Sources: FBI seeks documents on bond issues

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By Eva Lloréns Vélez From Caribbean Business SAN JUAN – The Federal Bureau of Investigations (FBI) has allegedly requested documents from investment firms as part of a probe into the $3.5 billion general-obligation bond issue of 2014 and a $600 million bond issue by the Puerto Rico Electric Power Authority (Prepa) in 2013, according to […]

Local leaders ready for Caribbean Legislative Week

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From Caribbean National Weekly Members of the Diaspora from across the U.S. will head to D.C. for the annual Caribbean-American Legislative Week, set for June 19 to 24. Hosted by the Institute of Caribbean Studies (ICS) in honor of Caribbean American Heritage Month, the week-long events will include a special White House Briefing and the […]

Pope Francis calls for abolition of death penalty as justices watch

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By Mike Sacks, From The National Law Journal Roberts, Kennedy, Ginsburg and Sotomayor attend papal address to Congress. In a speech before a joint session of Congress, Pope Francis on Thursday called for the abolition of the death penalty, urged compassion for immigrants and refugees and sounded the alarm on climate change. Pope Francis, making […]