May 19, 2024
Mortgage

Home Sellers Disappointed by Biden’s $10,000 Tax Credit

Homeowners like MacKenzie Kipp who capitalized on historically low mortgage rates during the pandemic would stand to lose a substantial amount of money under President Joe Biden‘s proposed $10,000 tax credit for selling their starter homes. In an effort to ease the housing market’s tight inventory and support homeowners looking to upgrade, Biden announced a

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Finance

Congress faces a long slog as it tries to avert a shutdown at midnight

Washington has a plan to fund the government but faces a gauntlet of procedural steps in the hours ahead before it can avert a shutdown at midnight on Friday. Congressional leaders released their 1,012 page spending bill on Thursday, covering an estimated 70% of discretionary government spending. It aims to fully fund the government through

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Loans

Intel awarded up to $8.5 billion from CHIPS Act, with loans available

The money will help “leading-edge semiconductors made in the United States” keep “America in the driver’s seat of innovation,” U.S. Secretary of Commerce Gina Raimondo said on a call with reporters. Intel and the White House said their agreement is nonbinding and preliminary and could change. Intel has long been a stalwart of the U.S.

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Investors

ByteDance investors could win in TikTok sale says US lawmaker amid pressure to ban app over China espionage concerns

Investors in TikTok’s Chinese parent company stand to benefit if it sold the app because divestment would remove a source of uncertainty, a Republican lawmaker said. “It would be in the financial interest of ByteDance’s investors to effectuate a forced sale,” congressman Mike Gallagher, who spearheaded a House-passed bill aimed at making the company divest

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Loans

We Sit Down with the One Guy Whose Student Loans Were Canceled by Biden

President Biden’s SAVE plan, his audacious agenda to cancel student loans for millions of Americans, was immediately embraced by the public when it was revealed in 2022. The President’s administration recently announced it will hand out $1.2 billion to wipe out Federal education loans starting this year, specifically paying it out entirely to Jackson Lemming

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Crypto

Joe Biden Quietly Planning To ‘Kill’ Crypto And Destroy ‘Billions Of Dollars’ Of Value After Huge Bitcoin, Ethereum, XRP And Solana Price Surge

Bitcoin and crypto prices have surged back this year, thrusting bitcoin into the limelight and causing Donald Trump to make a surprise crypto flip. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and “uncover blockchain blockbusters poised for 1,000% plus gains” ahead of bitcoin’s looming halving earthquake! The bitcoin price topped $73,000 per bitcoin this

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Loans

Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

RENO, Nev. (AP) — President Joe Biden’s administration has conditionally agreed to loan more than $2 billion to the company building a controversial lithium mine in Nevada with the largest known U.S. deposit of the metal critical to making batteries for electric vehicles key to his renewable energy agenda. The U.S Energy Department agreed on

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Finance

This week in Bidenomics: The TikTok head fake

If you want to see Joe Biden having fun, check out his presidential campaign’s TikTok account. The account’s avatar is “Dark Brandon,” Biden as a superhero mockup with laser-beam eyes. In short videos, Biden and his surrogates troll Donald Trump using images that make the former president look overweight, sweaty, and pallid. Other clips show

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Mortgage

Mortgage rates may be a bellwether for 2024 presidential election

WASHINGTON (AP) — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of this year’s presidential election. Shelton, 67, drives an Uber to help pay rent in Aurora, Colorado. An advance on her pay covered her

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Crypto

Poll: Crypto-owning voters lean towards Trump as their next president

Published 1 minute earlier on Voters who own crypto are leaning toward voting for U.S. Republican presidential candidate Donald Trump, according to a poll conducted by investment firm Paradigm released on Thursday.  The poll found that 48 percent of crypto owners plan to vote for Trump, and 39 percent of crypto owners plan to vote

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