Senate Majority Leader Chuck Schumer (D., N.Y.) said lawmakers must send a bill increasing the borrowing limit to Biden’s desk by the end of the week, but didn’t say how they would do it without Republican votes. Biden said former President Donald Trump’s tax policies racked up $8 trillion in debts and bills that “we now have to pay off.” Senate Minority Leader Mitch McConnell (R., Ky.) told Biden to “engage directly with congressional Democrats” to raise the debt ceiling through reconciliation. He said Republicans are recklessly endangering Social Security payments, military paychecks, and America’s global credit rating. President Joe Biden on Monday told Republicans to “get out of the way” of Democrats’ efforts to raise the federal borrowing limit, calling it a “meteor” about to crash the U.S. Cho *** Biden Tells Republicans to ‘Get Out of the Way’ of Debt Ceiling Effort Tuesday before a Senate hearing on “Protecting Kids Online” and is also seeking whistleblower protection from the Securities and Exchange Commission. What’s Next: Haugen is scheduled to testify at 10 a.m. To suggest we encourage bad content and do nothing is just not true.” Facebook last week halted its launch of Instagram Kids. Haugen, who gathered documents that formed the foundation of The Wall Street Journal’s “Facebook Files” series, said she acted to help prompt change at the social-media giant, not to stir anger toward it.įacebook responded to “60 Minutes” that it is making “significant improvements to tackle the spread of misinformation and harmful content. Also on Monday, Facebook asked a judge to dismiss the Federal Trade Commission’s antitrust case. The incident happened the morning after former Facebook data scientist Frances Haugen told “60 Minutes” that the company deceived investors about working to curb hate, violence and misinformation. Facebook said in a statement: “We’ve been working as hard as we can to restore access, and our systems are now back up and running.” Instagram and WhatsApp were fully restored Tuesday, after widespread outages that cut off communications tools used by more than three billion people globally for several hours amid a selloff in big tech stocks.Ī misconfiguration of Facebook’s server computers may be to blame, the New York Times reported, citing security experts. *** Facebook, Instagram, WhatsApp Are Back Online Savitz, associate editor for technology at Barron’s, today at noon for a conversation with Microsoft chief marketing officer Chris Capossela, a 30-year veteran of the software giant. The big question is how much more pain the tech sector will endure before the Fed’s shifting policy is fully reflected. It takes time for financial markets to adjust to changing landscapes. Rising rates make bets on companies whose most lucrative days are far in the future less attractive. The Federal Reserve’s decision to put an end date on tapering-before it’s even started to reduce bond purchases-has started the clock on the timing of the first interest-rate hike. For investors, the bigger threat comes from rising interest rates.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |