Articles by Sarah Ewall-Wice
cbsnews.com Dec 07, 2021
Lawmakers inch closer to debt ceiling solution
Sarah Ewall-WiceAs the United States moves closer toward being unable to pay its bills, lawmakers released legislation Tuesday that would allow Democrats to raise the debt limit with a simple majority vote. The fast-track process would require Democrats in the Senate to introduce the legislation to raise the debt l . . .
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cbsnews.com Dec 06, 2021
Student loan interest is set to kick back in when payments resume, but some Senate Democrats are asking President Biden to waive it
Sarah Ewall-WiceAs millions of federal student loan borrowers are set to start repaying their student loans in roughly two months, a group of Democratic senators are calling on President Joe Biden to waive interest, which has been set at zero percent throughout most of the coronavirus pandemic. Student loan repayme . . .
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cbsnews.com Dec 06, 2021
Millions of workers retired during the pandemic. The economy needs them to "unretire," experts say.
Sarah Ewall-WiceThe pandemic drove millions of workers into early retirement — and experts say they could be key to reviving the economy. Older workers were a much bigger share of the unemployed workers in the pandemic compared with the last recession, she said. "And then we didn't see that willingness of employers . . .
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cbsnews.com Dec 03, 2021
U.S. could be unable to pay its bills in weeks as debt limit approaches
Sarah Ewall-WiceShe warned that a failure to raise the debt limit would "eviscerate" the economic recovery. "Congress would be flirting with financial disaster if it leaves for the holiday recess without addressing the debt limit." Failing to pay the country's bills on time could have a ripple effect across the eco . . .
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cbsnews.com Dec 02, 2021
Millions of borrowers will have to start paying federal student loans again. Senators want to know if servicers are ready.
Sarah Ewall-WiceMillions of people will have to start repaying their federal student loans — deferred during the coronavirus pandemic — in just two months. A group of Democratic senators wants to know if four of the servicers that manage those loans are ready to support those borrowers, many of whom will be making . . .
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cbsnews.com Nov 29, 2021
Fed Chairman Jerome Powell to warn Congress that inflation may keep rising next year
Sarah Ewall-WiceFederal Reserve Chairman Jerome Powell is expected to warn Congress that while the Federal Reserve continues to expect inflation will move down "significantly" over the next year, it "now appears that factors pushing inflation upward will linger well into next year." The new COVID-19 variant Omicron . . .
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cbsnews.com Nov 17, 2021
President Biden calls on the Federal Trade Commission to look into whether "illegal conduct" is pushing gas prices up
Sarah Ewall-WiceAs gas prices soar across the United States, President Joe Biden called on the Federal Trade Commission to look into whether illegal conduct is driving up the cost of gas prices for families. In a Wednesday letter addressed to Lina Khan, chair of the FTC, Mr. Biden called her attention to "mounting . . .
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cbsnews.com Nov 16, 2021
U.S. might not be able to pay bills after December 15, Treasury Secretary Yellen says
Sarah Ewall-WiceTreasury Secretary Janet Yellen said the United States might not be able to pay its bills after December 15 as the United States barrels toward hitting the debt limit. The new so-called x-date comes just over one month after lawmakers reached a short-term deal to raise the debt limit into December. . . .
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cbsnews.com Nov 09, 2021
Here's what is in the infrastructure bill that could get high-speed internet to everyone
Sarah Ewall-WiceMelissa Roach pays $120 per month for internet at her home in Saint Louis County, Minnesota — and it is not always reliable. Her family's best solution for reliable internet is running a new line up the driveway. Millions of people across the country are, like Roach, struggling with a lack of access . . .
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cbsnews.com Nov 05, 2021
Millions of people left the workforce during the pandemic. Labor Secretary Marty Walsh said the new vaccine rules could help close the gap.
Sarah Ewall-WiceThe U.S. added more than half a million jobs in October, but the share of people working still lags several percentage points behind pre-pandemic figures. In an interview Friday with CBS News, Labor Secretary Marty Walsh pointed to some 3.8 million people who reported last month they had not been ab . . .
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