WASHINGTONThe Subcommittee on Economic Growth, Energy Policy and Regulatory Affairs and the Subcommittee on Health Care and Financial Services held a joint hearing titled ESG Part II: The Cascading Impacts of ESG Compliance to examine the impact of environmental initiatives , social and governance (ESG) policies on businesses, consumers and retirees. During the hearing, members examined how ESG measures are causing harm to retirees, pensions and the economy, impacting companies’ ability to make decisions in line with their duties to provide financial returns. Key points: Due to Democrats’ ESG push,…
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Social Security, Medicare, Federal Salaries: What payments can be delayed if the debt ceiling stalls
The US reached its debt ceiling, or debt limit, in January. The nation could run out of money to pay all of its bills as soon as June 1, the so-called “X-date.” The government would not be able to pay everyone on time. It would likely prioritize payments to investors holding US Treasuries, to avoid a “technical default.” Payments like Social Security, Medicare, tax refunds, military paychecks, and others would likely be delayed. Democrats and Republicans have not yet reached an agreement to raise or suspend the debt ceiling and…
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