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Jun 23 2022
Perspectives Blog
How Will the US Combat Inflation?
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U.S. consumer inflation is at its highest level in four decades. What is the government doing about it? President Joe Biden called on Congress this week to enact a 3-month federal gas tax holiday; reports from the left and right
AllSides StaffJan 14 2022
News
Democrats Face Costs of Rising Inflation with Few Options Left
Democrats are trying to use their control of Congress and the White House to curb inflation that has taken off on their watch, but economists say price increases have reached a point beyond what any political party can easily do to tame them quickly.
The consumer-price index rose 7% in December compared with the same month a year earlier, the fastest rate of inflation since 1982 and the
Wall Street Journal (News)Apr 26 2024
Headline Roundup
Trump Allies Reportedly Planning to Limit Federal Reserve’s Independence
Allies of former President Donald Trump are drafting plans to limit the Federal Reserve’s independence from political influence, according to a Wall Street Journal (Center bias) report.
The Details: The plan, outlined in a 10-page document, suggests that Trump would be consulted on interest rate decisions in a potential second term. While Trump campaign officials told the Journal that
The Daily Wire Common Dreams Wall Street Journal (News)Jun 26 2020
News
Trump can't divert military funds for border wall, federal appeals court says
(CNN) - The Trump administration doesn't have the authority to divert Pentagon funds to construct additional barriers on the US-Mexico border, a federal appeals court ruled Friday, days after President Donald Trump's visit to a section of the wall in Arizona.
In a 2-1 ruling, the 9th US Circuit Court of Appeals said that the transfer of $2.5 billion circumvented Congress, which holds
CNN (Online News)Aug 23 2020
News
Did Democrats make a compelling case at the DNC?
The Democratic National Convention concluded Thursday night with a keynote address from Joe Biden as he accepted the party’s nomination for president.
Biden’s speech echoed the themes raised by speakers throughout the four-night event: Sharp criticisms of President Trump’s first term in office, calls for unity and a push to “build back better” after the coronavirus pandemic has been
Yahoo! The 360Nov 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 Business