NAACP President Derrick Johnson criticized President Biden for a lack of movement on student loan cancellation after the White House excluded debt forgiveness from its $6 trillion budget proposal last week.
President Biden is expected to exclude student loan forgiveness from the upcoming annual White House budget proposal, despite pressure from progressive Democrats to cancel up to $50,000 in debt per borrower.
Inflation fears grow for White House msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Rising prices are putting increasing pressure on President Biden
A surge of consumer demand unleashed by government stimulus, improving vaccinations and fewer pandemic restrictions is putting a strain on global supply chains. Manufacturers and other hard-hit industries are struggling to get back up and running after a year of lockdown measures, causing supply shortages and raising costs.
All of those factors combined to push the consumer price index (CPI) up 0.8 percent in April and 4.2 percent over the past 12 months, the fastest annual rate since 2008, the Labor Department reported this past week. When stripping out the more volatile prices for food and energy, the index registered the biggest monthly increase since 1982.
Central banks understand cryptocurrency, and they want in
By: Newsy Staff
and last updated 2021-05-10 17:59:45-04
Alex Pickard bought his first Bitcoin in 2013. Within a few years, he was all in. People were still very skeptical. But I thought I understood it very well, Pickard said.
By 2017, he left his finance job in California to mine Bitcoin full-time in Washington state, where electricity costs were cheap. He spent almost $300,000 to create his own mining center which required using high-powered computers to earn Bitcoins. But less than a year in, he had to close up shop. I put such a strain on the grid that basically ten burly northwestern men came to my door and demanded that I turn off all of my machines because I was putting a strain on the grid, Pickard said.