In February, 2020, the United States and the Taliban agreed to a ceasefire requiring the U.S. and NATO allies to withdraw all forces from Afghanistan no later than May, 2021. The United States completed the withdrawal of forces on roughly that schedule, evacuating the last U.S. troops in August, 2021. The Afghan national government folded…

Student loan debt is again accruing interest without much reform following a 3.5-year payment pause. Meanwhile, millions of current college students will soon join the existing indebted borrowers that have racked up around $1.8 trillion in debt to date. University spending sprees are far outpacing enrollment and inflation, fueling the student debt crisis. As colleges…

The U.S. government’s deficit is expected to double from $1 trillion in fiscal year 2022 to $2 trillion this fiscal year, according to the nonpartisan Committee for a Responsible Federal Budget. The increase is largely due to a 16% increase in spending, partly driven by higher interest rates, and a 7% decrease in revenue.  Here…

Banks have started to tighten credit due to the Federal Reserve’s interest rate hikes, which represent a deliberate strategy to temper economic growth and reduce inflation. According to the most recent Senior Loan Officer Opinion Survey, a majority of banks reported that they had tightened lending standards for larger and medium-sized businesses in the past…

The recent fist-ever auction of offshore wind farm leases in the Gulf of Mexico has been hailed by the Department of the Interior as a “significant stride” in the Biden administration’s “efforts to create a clean energy future.” However, the response from investors has been less enthusiastic, potentially signaling challenges ahead for the offshore wind…

The Department of Labor proposed a rule that it said would make nearly 4 million more Americans eligible for overtime pay. The rule would allow salaried employees who makes less than $55,000 per year eligible for overtime. That would be a raise from the current threshold of $35,568, making about 3.6 million more salaried workers…

The identities of the parties responsible for the significant land acquisition near Travis Air Force Base in California have now been unveiled. A consortium of tech billionaires is behind the purchase of approximately 55,000 acres encircling the airbase, with a vision to establish an innovative utopian city situated about 65 miles northeast of San Francisco.…

A contentious negotiation process between the government and the pharmaceutical industry is set to begin. President Joe Biden’s Inflation Reduction Act passed last year giving Medicare the authority to negotiate drug prices with pharmaceutical companies. If the drugmakers don’t comply, they face a hefty excise tax. It’s Biden’s way to force the hand of what…