B. Riley Securities, Inc. fixed income strategist Mark Grant on his outlook for the bond market.
Treasury Secretary Janet Yellen said Wednesday the U.S. government has more room to borrow, but acknowledged that higher taxes will likely be needed to pay for those future expenditures.
During her second day testifying on Capitol Hill, Yellen said her views on federal debt levels have changed since 2017, when she raised concerns about the sustainability of the U.S. debt trajectory. At the time, the federal debt was equal to about 75% of U.S. GDP; that ratio has since surged to above 100%.
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There are two types of life insurance: permanent life and term life. Term life is more affordable because unlike permanent life insurance, term life doesn’t have a cash value component. And unlike permanent life insurance, term life policies expire after a specified period of time, so you won’t necessarily have coverage for the rest of your life.
The former finance manager for a defunct Erie auto dealership that was part of a federal fraud investigation was sentenced in federal court on Friday to serve two years and eight months in prison for his admitted involvement in the crime.
Chad Bednarski, 49, of Erie, who pleaded guilty in September to one count of fraud conspiracy, was also ordered to serve two years of supervised release, to pay restitution totaling nearly $1.7 million jointly with co-defendant Andy Gabler, and to pay a $1,000 fine, according to the sentence handed down by U.S. District Judge Susan Paradise Baxter in U.S
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