After handing the Taliban US-supplied military hardware on a silver platter thanks to the botched Afghanistan withdrawal, the Biden administration scrambled to deprive the terrorist organization of funding - freezing Afghan government reserves held in US bank accounts, and blocking the Taliban from accessing billions of dollars held in US institutions, according to the Washington Post, citing two people familiar with the matter.
Forty-six Republican senators issued a stern warning to Democrats that they will not vote for an increase in the debt ceiling, a move that could raise the risk of the U.S. Treasury defaulting on its obligations as soon as next month.
This comes after the US Department of Justice earlier this month revealed that the US Treasury had to provide a congressional panel with ex-President Trump’s tax returns.
Joe Biden on Thursday called for newly vaccinated Americans to receive $100 payments, but a peer-reviewed medical journal publication from January disagrees with the approach.
The booming technology trade that helped lift the market to new highs during the pandemic continues to unwind Thursday as Treasury yields spike further on dovish comments from the Federal Reserve, which experts believe could be fueling concerns over rising inflation and lower stock-market valuations.
