| Republican members of the Senate Banking Committee are pushing back on the Federal Reserve’s work involving climate change. Seven members of the committee, led by Pennsylvania Republican Pat Toomey, sent a letter to Jerome Powell discouraging the Fed chair from examining whether banks are prepared for climate-related risks.
Even though stimulus checks went out earlier this week, President Biden’s $1.9 trillion recovery effort is facing some hiccups. The package, which contains $350 billion for states, bars that money from being used for tax cuts, a move that Ohio Attorney General Dave Yost claims is unconstitutional.
Former presidential hopeful Kanye West’s net worth is lower than what multiple news outlets reported on Wednesday. West, whom Forbes estimates is worth $1.8 billion, owes his fortune mostly to his Yeezy sneaker brand, his music catalog, and a stake in his soon-to-be ex-wife Kim Kardashian West’s clothing line, Skims. His latest deal with Gap, which his team claims is worth about $1.5 billion in part due to the brand value of the Yeezy name, has not sold any products yet. Trump, who is worth $2.5 billion, claims his brand has an intrinsic value, too. Forbes doesn’t include their claims in their net worth. |
