Yellen Warns Lawmakers U.S. Has Just Three Weeks Before It Defaults on Its Debts

In a letter to lawmakers this morning, Treasury Secretary Janet Yellen warned that the United States has just three weeks before it defaults on its debts.

“We now estimate that Treasury is likely to exhaust its extraordinary measures if Congress has not acted to raise or suspend the debt limit by October 18. At that point, we expect Treasury would be left with very limited resources that would be depleted quickly,” Yellen wrote. read more

Biden Administration Will Ease Travel Restrictions for Vaccinated Foreign Travelers

The Biden administration announced it will ease travel restrictions for vaccinated foreign travelers in November.

According to White House coronavirus coordinator Jeff Zients, all foreign visitors must be fully vaccinated and must show proof of vaccination before boarding flights bound for the United States. They will also be required to provide a negative test no later than 72 hours prior to flying. Travelers who meet all these requirements will not need to quarantine. read more

Jayapal Calls on Biden to Fire Trump-Appointed Social Security Officials Who Delayed Covid Relief

Representative Pramila Jayapal (D-Wash.) called on President Joe Biden to fire two Trump-appointed Social Security Administration officials––SSA Commissioner Andrew Saul and Deputy Commissioner David Black––after House Democrats accused them of “sabotaging” the effort to distribute direct coronavirus relief payments to tens of millions of seniors and people with disabilities. read more

Group of Republican Attorneys General Threaten Legal Action Over Stimulus, Calling It “Unconstitutional”

A group of Republican attorneys general has threatened legal action against President Joe Biden’s administration over the American Rescue Plan, a historic $1.9 trillion stimulus package that was last week signed into law to address the economic impact of the Covid-19 pandemic. They argue the stimulus package is unconstitutional and example of government overreach. They take particular issue with the $350 billion in the measure that went to states and counties to help them offset the costs of handling the pandemic. read more

Energy Secretary Confirms Her Department Has More Than $40 Billion in Funds to Transition to Clean Energy

Energy Secretary Jennifer Granholm, who was confirmed by the Senate just last week, has confirmed that her department, thanks to its reactivated loan program, has more than $40 billion in funds to boost the transition to clean energy sources. Though Granholm did not offer a timeline on when these loans would be offered, the news marks an important step for the United States as it further divests itself from fossil fuels and addresses the climate crisis. read more