Why Are Cargo Ships Still Waiting to Dock — And What Steps Are Underway to Address the Backlog?
Ships are still unable to dock in Los Angeles and Long Beach. Will Biden's announcement be a solution? What are pending problems for this ports?
U.S. Economy & Politics
News about policies and legislation affecting the financial world, from changes to the tax code, economic stimulus packages, and government programs that affect everything from the stock market to personal finance.
Being President Has Many Perks—Is Not Paying Taxes One of Them?
The President of the U.S. is required to pay tax on their income. However, they're not required by law to disclose their tax returns to the public.
Why Colin Powell Didn't Consider Himself a Republican Anymore
Colin Powell, retired general and former Secretary of State, didn't consider himself a Republican.
Biden May Not Be Able To Reach Emission Reduction Goals by 2030
Democrat Senator Joe Manchin may be throwing a wrench into Biden's emission reduction goals. Will he be able to reach them?
Biden Infrastructure Bill Status: Will It Pass in October?
Biden is struggling to get the infrastructure bill passed. What’s the bill's status and will it pass in October 2021?
How Debt Ceiling Showdowns Can Impact the Stock Market
The debt ceiling has been up for debate multiple times in recent years. How does the stock market usually react?
U.S. Debt Ceiling, Explained—What Happens If the U.S. Defaults
The situation in the U.S. is fluid as politicians discuss raising the debt ceiling. What happens if the U.S. defaults?
When Will Biden Lift the Travel Ban? Who’s Allowed and the Process, Explained
With the COVID-19 situation stabilizing, countries have started to reopen. When will Biden lift the travel ban in the U.S.?
Why Are Gas Prices Going Up and Can Biden Bring Them Down?
Gas prices in the U.S. have surged over the last year. Here's what President Biden can do to bring gas prices down.
U.S. Faces a Labor Shortage, Companies Struggle to Find Workers
Many companies have pointed to the labor shortage in the U.S. and said that they're struggling to find workers. Why is there a labor shortage?
Senator Ted Cruz Defends Crypto—Does He Actually Hold Any?
Texas Senator Ted Cruz has shown his support for cryptocurrency and came to its defense, particularly pertaining to U.S. regulation. Does he hold any crypto?
What U.S. States Are Tax Havens? You May Be Surprised
Following the release of the Pandora Papers, journalists have highlighted a plethora of U.S. states as global tax havens.
Biden’s Approval Rating Drops to Lowest Level in Quinnipiac Poll
President Joe Biden’s approval rating has fallen to a new low. Why is Biden’s popularity going down, and will he resign?
Can Donald Trump Run for President Again in 2024 and Would He Win?
Many people wonder whether Donald Trump will run for president again in 2024. Can Trump run again, and if he does, would he be able to win?
Who Qualifies for California’s Second Stimulus Payment?
California’s updated stimulus eligibility shows that you can still receive a second check even if you got the Golden State’s first stimulus payment.
How Many Times Has the Debt Ceiling Been Raised?
How many times has the debt ceiling been raised? Lawmakers appear trapped in a cycle of debt limit suspensions and standoffs.
Could the Stock Market’s Volatility Be the Beginning of a Black Swan Event?
It’s been many years since a black swan event occurred in the stock market, but with share prices falling at alarming rates, some think there's one coming.
Who Qualifies for the Fourth Stimulus Check? Specific Stimulus Aid
Recently, the government announced a stimulus payment for specific groups. While it isn’t exactly a fourth stimulus check, who's eligible for this stimulus aid?
What Happens if the Debt Ceiling Isn’t Raised?
Congress is facing a financial catastrophe, with no clear solution in sight. What would happen if the debt ceiling isn’t raised?
Does President Joe Biden Really Owe Back Taxes? White House Responds
Reports are swirling that President Biden might owe hundreds of thousands in back taxes. Are the reports true as he aims to clamp down on back taxes in the U.S.?
How Much Would the Fourth Stimulus Check Be? Americans Want More Help
How much would a fourth stimulus check be? Americans wonder if $2,000 recurring monthly payments are on the agenda.
How Many Times Can Congress Use Reconciliation to Push an Agenda?
The term "budget reconciliation" has been in the news a lot recently. How many times can Congress use reconciliation to push an agenda?
Who Might Run in the 2024 U.S. Presidential Election?
It’s still a long time before the mood really sets for the 2024 U.S. presidential election. Who might run in 2024 for the Democrats and Republicans?
What Big Names Have Been Exposed in the Pandora Papers Leak?
The ICIJ has published 11.9 million files from companies hired by wealthy clients to create offshore companies. What names are on the Pandora Papers list?
October Could Be Just as Volatile as September for Stocks in 2021
Historically, September has been bad for stocks, and the market was very volatile in September 2021. Is October any better for stocks?
Will Biden Extend Jobless Benefits and Cancel Student Loans?
With the COVID-19 pandemic persisting amid the delta variant surge and jobs hard to come by for some people, will Biden extend unemployment benefits?
Fourth Stimulus Checks Worth $600 Announced—Who Will Receive One?
Some Americans might be eligible to receive a fourth stimulus check. Will SSI (Supplemental Security Income) beneficiaries get one?
Nancy Pelosi Wears a Distinctive Pin—Here’s What It Means
Speaker of the House Nancy Pelosi often wears a distinctive pin for notable Congressional occasions. Here's what the pin symbolizes.
What Is Representative Ilhan Omar’s Background and Net Worth?
Representative Ilhan Omar, one of the first Muslim women elected to Congress, has a significant net worth, although $3 million is just an estimate.
A Government Shutdown Won't Affect Military Retirement Pay
If you’re a U.S. military retiree, rest assured. A government shutdown probably won’t affect your military retirement pay.
Should Investors Sell or Hold Stocks Before a Government Shutdown?
A potential government shutdown looms, and investors are wondering whether it's a good time to sell or hold. Here's what you can expect.
Who Is Affected If the U.S. Government Shuts Down? Real Implications
A potential government shutdown—and the first since the COVID-19 pandemic—looms. What are the side effects for Americans?
Two Regional Fed Presidents Are Retiring—Who Will Replace Them?
Two major Fed officials are retiring following an inquiry into their personal portfolios of individual stocks. Who will take their places?
Why the Federal Government Is Buying Bonds—Short Answer, Explained
Since March 2020, the Federal Reserve Bank has been buying $120 billion in bonds each month. Why is the Fed buying bonds?
Former House Majority Leader Eric Cantor Has Over $4.5M Net Worth
Former House Majority Leader Eric Cantor’s net worth ranges between $4.5 million and $6.8 million depending on what source you look at.
Inflation Is Good Sometimes—But Who Is It Good For?
Experts say there are times when inflation can benefit the economy, but who is it good for? Here's a look at all things inflation and what you can expect.
Who Borrowed From Social Security? U.S. Treasury Bonds, Explained
Who borrowed from Social Security? Learn how the U.S. Congress can borrow from the Social Security surplus by way of U.S. Treasury bonds.
Is Taxing the Rich Bad? Progressive Taxation, Wealth Tax Explained
With the growing wealth inequality, many people have been calling for more taxes on the wealthy. Is taxing the rich a bad idea?
What Happens to Bond Prices If Interest Rates Rise?
With the Fed's meeting coming up, investors want to know how it will impact markets. Also, what happens to bond prices if interest rates rise?
Is Narendra Modi Going To Win the 2024 Indian General Election?
Indian PM Narendra Modi, turning 71 on Sep. 17, 2021, is set to run again in India's next general election in 2024. Is Modi going to win?
Members of Congress Must Pay Income Taxes Like All Other U.S. Citizens
Do congressmen and congresswomen pay taxes? Yes—it’s a myth that representatives and senators are exempt from income tax.
U.S. Economic Recovery Faces Challenge, Unemployment Benefits Expire
Unemployment benefits due to the COVID-19 pandemic have ended for millions of Americans. Investors want to know if the U.S. economy will crash in 2021.
Does the Federal Reserve Pay Taxes? No, and Here's Why
The Federal Reserve, which oversees fiscal policies for the U.S. through 12 regional Federal Reserve Banks, doesn't pay taxes to the U.S. government.
What Happens When Social Security Runs Out?
Millennials have heard their entire lives that they might not have access to social security benefits when they retire. What really happens when social security runs out?
What Deal Did Trump Make With the Taliban? Details, Explained
President Joe Biden said that his hands were tied by the agreement former President Trump made with the Taliban last year to withdraw U.S. troops..
How Many Evictions Are Pending? Supreme Court Allows Evictions to Resume
The U.S. Supreme Court is allowing evictions to resume across the country. What does that mean for landlords and tenants?
Chicken Wing Shortage: COVID-19 and Rising Demand Impact Supplies
The COVID-19 pandemic and the rising demand for chicken have resulted in wing shortages across the U.S. When will the chicken wings shortage end?