Monday, June 30, 2025

FINANCE

Biden Admin Assumes $5.8B in Student-Loan Debt from 560K Scam Victims

(Headline USA) Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled, the Biden administration announced Thursday. The move aims to bring closure to one of the most notorious cases of fraud in American higher education. However, it ultimately shifts...

Chase Bank CEO Warns of Impending Financial ‘Hurricane’

(Jacob Bruns, Headline USA) JP Morgan Chase CEO Jamie Dimon claimed at the Berstein conference that America is heading straight for a brutal recession, as the Biden administration's domestic and foreign policies continue to produce dismal results. Dimon cited massive inflation rates plus the skirmish between Russia and Ukraine as...

SURVEY: Bidenflation Will Force 1 in 4 Americans to Delay Retirement

(The Center Square) Millions of Americans say the likely will have to push back their retirement because of rising inflation, newly released financial survey data found. The BMO Real Financial Progress Index, a quarterly survey from BMO and Ipsos, showed that a quarter of Americans will likely need to delay...

Treasury’s Yellen Cops to Inflation Ignorance

(Tony Sifert, Headline USA) Treasury Secretary and former Federal Reserve chairman Janet Yellen -- fresh from encouraging poor black women to have more abortions -- has admitted that she has been wrong about the seriousness of the inflation problem since President Biden took office. .@SecYellen on inflation being transitory: "I...

Graduating Senior Holds Signing Ceremony for Plumber Apprenticeship

(Molly Bruns, Headline USA) Who has greater value to society: elite, college-bound athletes or the plumbers who help them unclog their toilets? As a growing number of people begin to question the purpose and benefit of increasingly woke university indoctrination centers, one high-schooler found a lighthearted way to call attention...

Desperate to Stop Industry Exodus, Calif. Considers Major Tax Cuts

(Madison Hirneisen, The Center Square) A bill that would provide a full sales and use tax exemption for purchases of manufacturing and research and development equipment up to $200 million was advanced by Assembly lawmakers. The bill, which passed the Assembly in a 74-0 vote, expands California’s existing partial sales and...

Philly Schools Need Nearly $2B in Fed. COVID Funds to Offset Bad Budgeting

(Tom Gantert and Brett Rowland, The Center Square) The Philadelphia public school district is relying on $1.8 billion of the federal government's emergency COVID-19 funding to stay out of a deficit. The district's audited budget said the one-time COVID-19 relief money is expected to keep the district out of the...

GOP Govs. in 19 States Call on Biden to Ease Baby-Formula Hindrances

(Tom Joyce, The Center Square) A group of 19 Republican governors sent President Joe Biden a letter calling on the administration to increase access to baby formula nationwide.  The letter urges the Biden administration to take various actions to make baby formula less expensive and more available. The letter tells Biden to...

Gas Prices Hit New Record High over Memorial Day

(Dan McCaleb, The Center Square) The cost of gasoline hit a new record high on Monday as many Americans kicked off the summer season traveling over Memorial Day weekend. The average price of a gallon of gasoline climbed to $4.62 a gallon Monday, up about a penny from Sunday and...

Airlines Cancel 100s of Flights, Jack Up Rates on Booming Travel Weekend

(Headline USA) Hundreds of flights worldwide were canceled by Sunday evening, adding to the mounting number of scrubbed flights during the busy Memorial Day holiday weekend in the U.S. About 1,460 flights had been canceled as of 7 p.m. EDT Sunday, according to flight tracking website FlightAware. That followed more...

Spiking Fertilizer Costs Squeeze Midwest Farmers

(Headline USA) Things are getting tougher for the nation’s breadbasket, a predicament that will likely ripple through the nation’s economy, The Center Square reported. In addition to 40-year-high inflation and new records set nearly every day at the gasoline pump the past two weeks, the price of some agricultural fertilizers...

Democrat Blue-State Gov. Declares ‘Disaster’ Emergency over Biden’s Baby Formula Shortage

(Robert Davis, The Center Square) Colorado's Democrat Gov. Jared Polis signed an executive order on Thursday that seeks to address the infant formula shortage in the state. The order declares a disaster emergency and makes emergency funds available to purchase and distribute human donor milk for free to families in...
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