Treasury Secretary Janet Yellen struck a hopeful tone in the Federal Reserve achieving a soft landing, saying the Central Banks will need some “luck” and “some skills,” but warned that a looming recession will be a “risk” for the Biden administration in the upcoming months.
The Biden administration will announce an additional sweeping sanctions package that includes a ban on all new investment in Russia, Russian banks and state-owned enterprises, additional sanctions on Russian government officials and family members.
President Biden is gearing up to issue an executive action to develop an initial government-wide strategy for digital assets within a matter of days that will put the White House at the central role in dealing with efforts to regulate the $2 trillion booming sector.
The Justice Department has sued to block Texas’ new redistricting maps, claiming the GOP-drawn maps violates the Voting Rights Act since it refuses to “recognize the State’s growing minority electorate.”
President Biden refuted recent reports that his administration is currently negotiating to settle legal suits by cutting checks of nearly half a million dollars per illegal immigrant who were separated at the southern border under the Trump administration, calling the report “garbage” and the payout is “not going to happen.”
For the second consecutive month, more than 200,000 migrants were encountered at the U.S.-Mexico southern border in August — as illegal crossings remained at decades-high levels despite the scorching summer heat, according to data released Wednesday by Customs and Border Protection.