Trump Regulators Warn Banks Against Lending to Undocumented Immigrants
The Trump administration is intensifying its effort to restrict undocumented immigrants’ access to the American financial system. New guidance issued by three federal regulators instructs banks and credit unions to consider whether borrowers who lack authorization to work in the United States present a greater risk of failing to repay loans. Although the guidance does […]
Repeated Emergency Oil Releases Push America’s Strategic Reserve Toward a Breaking Point
The United States’ Strategic Petroleum Reserve (SPR)—the nation’s emergency stockpile of crude oil—is showing signs of serious strain after years of repeated large-scale withdrawals, raising concerns about whether it will be able to respond effectively to future energy crises. Aging infrastructure, mechanical failures and decades of deferred maintenance are combining with historically frequent oil releases […]
