Johnson vows to uphold budget deal amid right flank opposition
House Speaker Mike Johnson insists the bipartisan spending agreement remains intact as hard right Republicans threaten a motion to oust him. He acknowledged no clear path to avert a partial government shutdown with a deadline looming, while centrists back his stance and urge him to honor the negotiated terms.
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Biden speeds up loan forgiveness for subset of borrowers
The Biden administration will begin canceling loans in February for eligible SAVE plan participants who borrowed $12,000 or less and have at least 10 years of payments. The plan lowers monthly bills, offers forgiveness in as little as 10 years, and targets community college students to accelerate debt relief ahead of July.
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Wall Street ends mixed as inflation data fuels rate-cut bets
U S stocks closed mixed with the S&P 500 up 0.1 percent and the Dow down 118 points. The Nasdaq was flat as investors weighed inflation data and bets on Fed rate cuts this year. Yields slipped with the 10 year at 3.94 percent and the two year at 4.17 percent.
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FAA tightens Boeing oversight after 737 Max 9 panel loss
The FAA will audit Boeing and suppliers for quality control on the 737 Max 9 after a fuselage panel blew off during midflight. It may shift safety analysis away from manufacturer staff to an independent third party. Spirit AeroSystems also faces stepped up FAA scrutiny for fuselage production issues.
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