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Fight over Federal Reserve powers holding up year-end deal Alexander Bolton © Bonnie Cash Fight over Federal Reserve powers holding up year-end deal A partisan fight over language that would terminate the Federal Reserve's power to set up credit lending programs to backstop the fragile U.S. economy has emerged as a significant obstacle to getting a deal on a year-end COVID-19 relief package. Republicans say the Fed's authority to set up special purpose vehicles to keep money flowing through the United States economy is no longer needed and that Congress always intended to e...

Organized Debtors Are Preparing to Strike If Biden Doesn’t Cancel Student Debt President- elect Joe Biden exits the Queen in Wilmington, Delaware, on December 9, 2020. Demetrius Freeman / The Washington Post via Getty Images By Donald Trump has finally said that he will leave the White House, but troubles in the United States will be far from over when Joe Biden is sworn in as president on 20 January 2021. Facing a global economic crisis and with half a million deaths from Covid-19 projected by 1 April, Biden’s administration will have to act quickly and decisively to provide relie...

President-elect Biden will be able to cancel nearly all student debt without congressional approval. If he refuses, organized debtors are preparing to strike.