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Yellen warns US could default soon after December 15

secretary of the treasury Janet YellenJanet Louise Yellen Biden raises human rights with Chinese Xi in four-hour meeting Biden and Xi hold ‘frank’ discussion amid high tensions Treasury sends fifth monthly installments as part of expansion the child tax credit PLUS Told congressional leaders on Tuesday that the federal government could default on its debt […]

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Evergrande isn’t the only looming danger in China’s financial system

November 13, 2021 STAKE CARE OF toxic debt is a pervasive feature of the Chinese economy. The latest concerns Evergrande, a struggling developer who threatens to cripple the real estate industry. The company also has tentacles that reach into the darkest recesses of China’s financial system, wrapping around banks and shadow lenders. Yet even as […]

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Taxi Medallion relief program surpasses $ 20 million in debt relief

October 30, 2021 NEW YORK– Mayor Bill de Blasio announced today that the city’s Taxi Medallion Relief Program (MRP) has now reached $ 21.4 million in debt relief for 173 individual medallion owners. More than 1,100 locket owners have already made appointments with the Taxi and Limousine Commission (TLC) Owner and Driver Resource Center and […]