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Author name: Ricky Vasquez

DC Circuit Court

Appeals court hears CFPB argument for 90% reduction in force

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John Heltman A panel of appellate judges will decide whether the Trump administration can fire 90% of the Consumer Financial Protection Bureau’s staff through a reduction-in-force without impacting the agency’s legally-mandated work. On Friday afternoon, a three-judge panel of the U.S. Court of Appeals for the District of Columbia heard oral arguments on whether a […]

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Investors await another Monday jolt after Moody’s downgrades US

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Investors face yet another bumpy start to the trading week, although it’s mounting concern over US debt rather than tariffs likely generating the volatility this time. Financial markets reopen in Asia on Monday after Moody’s Ratings announced Friday evening it was stripping the US government of its top credit rating, dropping the country to Aa1

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US states likely to defy US downgrade to keep top credit ratings

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US states from Florida to North Carolina and Texas would likely hold onto top-notch credit scores from Moody’s Ratings, mostly because they’re in better fiscal shape than the federal government itself.  More than a dozen states have pristine triple-A ratings from Moody’s, according to Bloomberg-compiled data, ranking them higher than the US government, which was stripped of

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