Biden admin loans Ukraine $20B backed by profits from ‘immobilized’ Russian assets
The Biden administration announced on Tuesday that it would distribute $20 billion in loans to Ukraine, with the funds recovered from profits generated by “immobilized” Russian assets. “These funds, paid for with windfall profits from Russia's own disabled assets, will provide a critical injection of support in defending Ukraine from an unprovoked war of aggression.” […]
US loans Ukraine $20B from seized Russian assets
The Treasury Department on Tuesday extended a $20 billion loan to Ukraine funded by seized Russian assets as part of a broader Group of Seven (G7) effort to strengthen Ukraine's defense. The money will be transferred to Ukraine on Tuesday morning through the World Bank, which received a loan from the United States. The loan […]
Frank McCourt’s TikTok bid has $20B in ‘informal commitments’: report
Billionaire Frank McCourt reportedly secured $20 billion in pledges from investors for a potential Chinese-owned acquisition of TikTok, but a federal appeals court on Friday will force him to sell the app. The effort could gain momentum after Congress supported legislation. McCourt's Project Liberty, an Internet-focused company that includes the for-profit sector and a nonprofit […]
California’s unemployment benefits system ‘broken’ with $20B owed to feds in loan debt: report
California's unemployment insurance (UI) loan system is facing significant deficits and needs a complete “redesign,” according to a new bipartisan report. Legislative Analyst Office (LAO). The system was supposed to be self-sufficient, but it has been unable to cover its annual benefit costs, resulting in a projected deficit of $2 billion annually over the next […]
3 million 'fraudsters' on Medicaid are costing NY $20B: report – New York Post
As many as 3 million New Yorkers may be receiving fraudulent benefits from taxpayer-funded Medicaid and other public health insurance benefits, with costs potentially reaching $20 billion annually. A surprising new research result has been announced. Approximately 5.5 million Empire State residents have incomes low enough to meet the standard eligibility limits for Medicaid or […]
Google Chrome browser could fetch $20B if judge orders sale: report
Google's Chrome browser could be worth $20 billion on the public market if the Justice Department succeeds in persuading a federal judge to order the sale, according to a report. In a filing Wednesday, the Justice Department will recommend that U.S. District Judge Amit Mehta order the sale of Chrome as part of a series […]
U.S. Approves $20B Weapons Sale To Israel, Fighter Jets And Missiles Included
An Israeli Air Force F-15 Eagle fighter jet flies over the coast during an air show in Tel Aviv on April 26, 2023, marking the 75th anniversary of the founding of Israel. (Photo by Jack Ghez/AFP via Getty Images) By James Myers, OAN StaffWednesday, August 14, 2024 2:13 PM The United States has approved $20 […]
Grayscale sheds $20B from Bitcoin and Ether ETFs – Cointelegraph
Asset management firm Grayscale Investments recorded combined outflows of more than $20.4 billion from its Bitcoin and Ethereum spot exchange-traded funds (ETFs). The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of about $137.7 million a day in the seven months since its launch on Jan. 11. As of July 29, GBTC had recorded […]
Elon Musk’s xAI could be valued at higher-than-expected $20B as investor demand surges: sources
Elon Musk’s new AI startup could receive a higher-than-expected valuation of $20 billion in its first funding round, with investor demand surging as the process nears completion, the post says. I got it on paper. Musk’s xAI (which powers the sneaky Grok chatbot) could raise $7 billion to $8 billion at its lofty valuation as […]
Blue state Dems turn on governor as homeless council can’t account for $20B in spending
Some California Democrats are calling for the Golden State’s leadership after Gov. Gavin Newsom’s Homeless Task Force failed to track whether the billions of dollars spent over the past five years to curb the homelessness crisis were successful. I’m rebelling against people. “When you come to the budget committee, you don’t have the numbers,” Democratic […]