that would lower some tariffs between the two countries, the first of what Wall Street hopes will be enough agreements to keep a recession from hitting the economy.
The annual Social Security and Medicare trusteessaid the program’s trust fund will be unable to pay full benefits beginning in 2035. If the trust fund is depleted, the government will be able to pay only 83% of scheduled benefits, the report said.
The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.NEW YORK (AP) — The Consumer Financial Protection Bureau, which Congress established to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry, is the latest U.S. government agency to haveby the Trump administration.
Conservatives have long targeted the work of the CFPB. Critics complain the independent agency, funded by, lacks sufficient supervision and regularly exceeds its regulatory authority. Defenders argue the bureau’s watchdog mission has strong bipartisan support.
Here’s some background on the scope of the CFPB’s activities and how the agency’s tenuous status might affect consumers:
The Consumer Financial Protection Bureau is charged with creating rules and taking enforcement actions to protect consumers from unfair, deceptive, or abusive practices by a wide range of financial institutions and businesses. Its actions involve banks, mortgage servicers, credit card companies, student loan processors, payday lenders, money transfer providers, credit reporting agencies and debt collectors.NEW YORK (AP) — The affection
is palpable from the moment they sit down together. When the two prolific recording artists are asked where the chemistry comes from, Shaggy simply says they make each other laugh.The pals have worked together on several projects, including their
in 2018 and on Shaggy’s 2022 album “Com Fly Wid Mi,” where Sting encouraged Shaggy to depart from his trademark “toasting” on reggae/dancehall hits to sing Frank Sinatra songs.Their latest collaboration is “Til A Mawnin” — an upbeat reggae track showcasing some of the pair’s playfulness released Feb. 27. Sting, 73, and Shaggy, 56, spoke to The Associated Press recently about the new song and finding friendship and musical inspiration in each other. Answers have been edited for clarity and brevity.