May 10, 2024 Last Updated 05:50 AM EDT

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Jack Lew

Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?

Treasury Secretary Jack Lew writes to the US government alerting it on soaring debt burden. The world's largest economy is left with no option but to raise debt ceiling or face the risk of default.

Latest Stories

Biden and McConnell Under Fire as Rand Paul Denounces Spending on Ukraine Aid

Senator Rand Paul criticized President Biden and Senate Minority Leader Mitch McConnell during an interview aired on Sunday, focusing on the expenditure of "borrowed" money on Ukraine.

Can Chase Sapphire Preferred Oust the AmEx Gold Card?

Popular midtier travel cards are the Chase Sapphire Preferred Card and the American Express Gold Card.

End of the Tax Break? Wealthy Individuals Face Surge in IRS Audits

The IRS claims that in an effort to bring in more money for the United States and to crack down on tax evasion, it is going to step up audits into the US Treasury's funds.

Bitcoin vs. Altcoins? Hoskinson Fires Back at Saylor's Security Accusation

Hoskinson reacted to Saylor's remarks with a hint of irony, citing Bitcoiners who charge him with regularly criticizing Bitcoin and asserting that "altcoiners are so toxic."

Virtual Credit Cards: Your Secret Weapon to Sticking to a Budget

A distinct digital card number connected to your credit card account is known as a virtual credit card.

Must Read

American Dream Deferred: Wealth Gap Deepens Among Millennials

A recent study found that there is a fresh wave of class conflict and animosity due to the widest wealth difference of any generation between affluent millennials and the rest of their age group.

Could You Qualify for SNAP Benefits?

The United States Department of Agriculture (USDA) oversees the food stamp program, also known as supplemental nutritional assistance, which is a vital tool for helping low-income families and individuals buy nutritious food.

Forget Stocks, Crypto Now Directly Impacts Housing Prices

According to a new study, as cryptocurrencies grow in importance inside American investment portfolios, their impact is seen not just in virtual transactions but also in real estate and consumer purchasing.

Bond Yields Drop as Job Growth Slows

After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.

Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance

Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.

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