All articles tagged with #tarp
A federal judge ruled the Kennedy Center had no authority to rename itself, leading to the removal of Donald Trump’s name from the facade. New photos show the signage taken down and hidden behind scaffolding and a tarp, a setup that has sparked questions about concealing the change as Trump appeals the decision; the center says all references to Trump have been removed online and on the building.
CNN obtained new images showing the Kennedy Center signage with Donald Trump’s name removed, confirming a sworn court declaration and marking the first visual proof of removal while a tarp remains covering the exterior. The move follows a judge’s ruling that the building be named only for John F. Kennedy as a living memorial; inside, financial strains and staffing cuts complicate renovations and a restart of programming as the center seeks more time from the court while continuing operations.
The debt-ceiling crisis in the US could force the government to default on its obligations, and if politicians fail to resolve the issue, the stock market may intervene. The consequences of a US default, even a minor or technical one, could devastate markets. There is precedent for the stock market forcing Congress to act in an emergency, as seen during the 2008 financial crash with the Troubled Assets Relief Program (TARP). While most analysts believe Congress will raise the debt limit, the main question is how much damage it could cause if it happens at the last second. Republicans demand spending cuts as a condition of raising the borrowing limit, while Democrats want to address spending cuts separately.