Business
Fed Said to Have Debt Ceiling Plan Involving Market Interventions
Sarah N. Lynch and Jason Lange, REUTERS
WASHINGTON (Reuters) — The Federal Reserve drew together extensive plans for handling a U.S. debt default that included scheduling deferred payments and lending cash to investors, according to a top lawmaker who cited Fed documents.
In a June 2014 letter to Treasury Secretary Jack Lew which was seen by Reuters, Texas Republican Representative Jeb Hensarling said his staff reviewed Fed documents detailing the U.S. central bank’s contingency plans if America stiffed its creditors.
The documents showed “planning by the Federal Reserve Bank of New York to minimize market disruptions if the (Treasury) Department decided to delay Treasury bond payments,” Hensarling said in the letter which was also signed by Republican Congressman Patrick McHenry of North Carolina.
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Activism
Oakland Post: Week of January 15 – 21, 2025
The printed Weekly Edition of the Oakland Post: Week of January 15 – 21, 2025
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Activism
Oakland Post: Week of January 8 – 14, 2025
The printed Weekly Edition of the Oakland Post: Week of January 8 – 14, 2025
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Activism
Oakland’s Black Chamber of Commerce Awards 63 Businesses $1,000 Micro Grants
“Our members are essential to Oakland’s economic and cultural fabric,” said Cathy Adams, president of the OAACC. “These grants are a testament to our dedication to fostering business growth and sustainability within our community.” The microgrants are designed to provide vital support for members to strengthen their operations, invest in growth opportunities, or meet pressing needs, Adams added.
By Oakland Post Staff
Last week, the Oakland African American Chamber of Commerce (OAACC) announced the distribution of $63,000 in microgrants to 63 member businesses. These $1,000 grants, generously sponsored by Supervisor Nate Miley, Amazon, and the Tides Foundation, reflect the organization’s goals and unwavering commitment to empowering Black-owned businesses in Oakland.
“Our members are essential to Oakland’s economic and cultural fabric,” said Cathy Adams, president of the OAACC. “These grants are a testament to our dedication to fostering business growth and sustainability within our community.”
The microgrants are designed to provide vital support for members to strengthen their operations, invest in growth opportunities, or meet pressing needs, Adams added.
As part of this initiative, OAACC leaders are encouraging all grant recipients to inspire their communities to support Oakland-based businesses by shopping locally, sharing referrals, and following their social media pages.
For more information about the OAACC and the organization’s initiatives, please visit www.oaacc.org.
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Oakland Post: Week of January 15 – 21, 2025
Oakland Post: Week of January 8 – 14, 2025
Supreme Court Decision Confirms Convicted Felon Will Assume Presidency
Barbara Lee Launches Campaign for Mayor of Oakland
Who Wants to Be the Next Elected Mayor of Oakland?
Oakland NAACP President Stands on the Frontlines for Equity
‘In 2024, We Had a Decrease in Shootings and Killings,’ Says Oakland Mayor Nikki Bas and Ceasefire Leaders
U.S. Rep. Barbara Lee Remembers Jimmy Carter’s Sunday School Lessons
Oakland’s Black Chamber of Commerce Awards 63 Businesses $1,000 Micro Grants
How Head Start Installs Confidence for Two Generations
Port of Oakland to Host January Meeting for Interfaith Council of Alameda County
Expect The Worst? Political Scientists Have a Pessimism Bias, Study Finds
UC Berkeley’s 2024 Winter Commencement: A Day of Reflection, Celebration and Advice
IN MEMORIAM: Jimmy Carter, 39th President and Global Humanitarian, Dies at 100
January Is Mental Wellness Month
Books for Ghana
Post News Group to Host Second Town Hall on Racism, Hate Crimes
Promise Marks Performs Songs of Etta James in One-Woman Show, “A Sunday Kind of Love” at the Black Repertory Theater in Berkeley
Glydways Breaking Ground on 14-Acre Demonstration Facility at Hilltop Mall
Butler, Lee Celebrate Passage of Bill to Honor Congresswoman Shirley Chisholm with Congressional Gold Medal
In ‘Affrilachia: Testimonies,’ Puts Blacks in Appalacia on the Map
FILM REVIEW: The Six Triple Eight: Tyler Perry Salutes WWII Black Women Soldiers
‘Donald Trump Is Not a God:’ Rep. Bennie Thompson Blasts Trump’s Call to Jail Him
Delta Sigma Theta Alumnae Chapters Host World AIDS Day Event
Barbara Lee Releases Statement on Possible Run for Mayor of Oakland
Oakland Post: Week of December 11 – 17, 2024
IN MEMORIAM: Oakland’s ‘Man of Steal,’ Baseball Icon Rickey Henderson, Dies at 65
Landlords Are Using AI to Raise Rents — And California Cities Are Leading the Pushback
Living His Legacy: The Late Oscar Wright’s “Village” Vows to Inherit Activist’s Commitment to Education
AC Transit Holiday Bus Offering Free Rides Since 1963
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
AMG GLC43: The Perfect Blend of Power and Practicality
2024 Mercedes Benz GLC 43 AMG: Ultimate POV Test Drive
Unleashing Power: The GLC43 SUV with 416 HP
Why DeLorean Chose Stainless Steel: Innovations & Patents
DeLorean’s Untold Legacy
Why Driving the DeLorean is a Unique Experience
How Will the Outcome of This Election Affect the Auto Industry?
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Trump vs. Biden: EV Showdown
Election’s Auto Industry Impact
The Auto Industry’s Struggle – Recovering from COVID
Unleash the AMG Power!
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