Business

Business

Understanding the nation’s ticking fiscal time clock: Federal funding to expire by mid-November

October 11, 2023 Carma Henry 0

     For the second time this year, Congress’ inability to reach consensus on essential fiscal legislation has devolved into largely partisan bickering and literal, last-minute temporary financial band-aids. On September 30, the last day of the 2022-2023 federal fiscal year, a continuing resolution (CR) provided a 45-day reprieve, just in time to meet a midnight deadline that would have resulted in a federal government shutdown. […]

Business

As Student Loan Payments Resume, Timely Tips and Help for Borrowers 6 Key Steps from Federal Agencies

October 4, 2023 Carma Henry 0

Days before student borrowers across the nation resume student loan payments after a more than two-year pause prompted by the COVID-19 pandemic, a diverse group of 20 cities and counties representing more than 1.2 million people with nearly $50 billion in student loan debt sent a letter on September 21 to President Biden. Although the letter began by applauding his leadership in pursuing debt relief, it also urged even more persistent and aggressive actions. […]

Business

CFPB returns $17.5 billion to 200 million defrauded consumers

August 9, 2023 Carma Henry 0

     Since its creation, , the Consumer Financial Protection Bureau (CFPB) has honored its mission by returning a cumulative total of $17.5 billion to 200 million consumers who have been harmed by violations of federal consumer financial protection law. Its  Victim Relief Fund,  administers the return of hard-earned monies to consumers such as cancelled debts, reduced principal, and other illegal transactions. […]

Business

Three Ways Small and Mid-Sized Businesses Can Improve Cash Flow and Combat Inflation

July 12, 2023 Carma Henry 0

Cash flow is the lifeblood of any business, no matter the industry or company size. However, as economic headwinds and supply chain woes challenge the bottom line for both Main Street and Wall Street businesses alike, owners are facing significant financial frictions hindering business growth. Unfortunately, small and mid-sized businesses (SMBs) are especially constrained financially, as many SMBs in America remain underbanked or unbanked while inflationary pressures continue to mount and impede profitability. […]

Business

Nation’s debt limit bill more a financial reprieve than resolution:

June 14, 2023 Carma Henry 0

     Instead of a final resolution on America’s borrowing ability, the enacted bill provides a two-year window for the Treasury Department to borrow – as needed – funds to pay the nation’s already more than $31 trillion of debt. When January 2025 arrives, a new session of Congress will face the deferred problem. Until then, according to the Congressional Budget Office, cutbacks on discretionary spending would result in a drop in projected budget deficits of about $4.8 trillion over the next decade, and a savings of $0.5 trillion in interest. […]