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Nov 19 2021
News
Biden has a major economic decision to make and he can’t seem to pull the trigger
The decision would be soon. Then, it was “imminent.” At one point, it was slated to come in four days. Now, it’ll be by Thanksgiving. Maybe.
President Joe Biden has been wrestling for weeks with whether to reappoint the current chair of the Federal Reserve, Jerome Powell, or replace him with Lael Brainard, a Democrat and economist who has served on the Fed board since 2014. The process
PoliticoMay 21 2015
News
Emails reportedly show confidant told Clinton Benghazi attack planned by fighters tied to Al Qaeda
A longtime Clinton confidant reportedly advised then-Secretary of State Hillary Clinton two days after the 2012 Benghazi terror attack that an Al Qaeda-tied group had planned the deadly assault and used a protest as cover -- but despite this warning, Clinton's U.N. ambassador went on to publicly claim the attack was "spontaneous."
The guidance from ex-Clinton aide Sidney Blumenthal was
Fox News (Online News)Jun 09 2020
News
Senate confirms first black service chief in U.S. history
The Senate unanimously confirmed Gen. Charles "CQ" Brown Jr. as Air Force chief of staff in a historic vote presided over by Vice President Mike Pence on Tuesday.
Why it matters: Brown, the commander of Pacific Air Forces, is the first African American chief of a military service branch in U.S. history and will sit on the elite Joint Chiefs of Staff.
Gen. Colin Powell, an African
AxiosJul 31 2019
News
Fed expected to cut interest rates: What does it mean for you?
The Federal Reserve is expected to cut interest rates for the first in 10 years on Wednesday, and the market appears to be shrugging it off.
The Federal Open Market Committee is expected to announce a rate cut of 0.25% or 25 basis points -- the first such move since the financial crisis in December 2008. Economists and market watchers will be waiting to see if the central bank signals
ABC News (Online)Jul 13 2021
News
Consumer prices surge by most since August 2008
U.S. consumer prices rose last month at the fastest pace since August 2008.
The Labor Department said Tuesday that the consumer price index rose 0.9% in June, faster than the 0.6% increase in May. Analysts surveyed by Refinitiv were expecting a 0.5% gain.
Used car prices spiked 10.5% last month, accounting for more than one-third of the increase. Additionally, energy prices
Fox BusinessAug 19 2020
News
Progressives irked by spotlight on GOP at Dem convention
WASHINGTON (AP) — For nearly three minutes at this week’s Democratic National Convention, Cindy McCain recounted Joe Biden’s friendship with her late husband, John McCain, the Arizona senator and former Republican presidential candidate. Colin Powell, President George W. Bush’s secretary of state, praised Biden for two minutes. Former GOP Govs. John Kasich of Ohio and Christine Todd Whitman of
Associated PressAug 26 2022
Headline Roundup
Fed Suggests More Rate Hikes, Economic 'Pain' as Inflation Fight Continues
Federal Reserve Chairman Jerome Powell said Friday that continued efforts to fight high inflation will "also bring some pain to households and businesses."
Powell's remarks came at the Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming. He detailed how the government is moving to combat inflation with "higher interest rates, slower growth, and softer labor market
Reuters Fox Business Associated PressJun 16 2020
News
At least 4 members of Congress benefited from loans under the $670 billion small business aid program
At least four members of Congress benefited from loans under the $670 billion Paycheck Protection Program — and there are no rules requiring them to reveal that they did so.
Politico first reported that a small group of Republicans and Democrats have close connections to businesses known to have taken loans under PPP, the small business aid program. Companies that benefited from the
Business InsiderJun 02 2020
News
This Treasury Official Is Running the Bailout. It’s Been Great for His Family.
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the $3 trillion federal coronavirus bailout. Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.
A major beneficiary of that bailout so far: Muzinich & Co., the asset manager founded by his
ProPublicaMar 06 2020
Background
Joe Biden: Former Vice President
Joseph Robinette "Joe" Biden, Jr. (b. November 20, 1942, in Scranton, Pennsylvania) is the former Democratic vice president of the United States, serving under President Barack Obama (D) from January 20, 2009, to January 20, 2017.[1] He previously served as a U.S. senator from Delaware from 1973 to 2009.[2]
On April 25, 2019, Biden announced that he was running for president of the
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