Treasury Secretary Janet Yellen, in a second letter with an alarmist tone to House Speaker Kevin McCarthy and other congressional leaders, reiterated her confidence
Debt ceiling negotiations are still under way as a possible default inches closer to the estimated deadline of June 1. Biden hopes the debt ceiling
On Friday House Speaker Kevin McCarthy said it’s time to “pause” negotiations on the debt limit; there are “real differences,” said a White House official.
Rep. Marjorie Taylor Greene (R-GA) announced her decision to file articles of impeachment against President Joe Biden, Attorney General Merrick Garland, FBI Director Christopher Wray,
During debt ceiling negotiations on Tuesday, President Joe Biden rejected any changes to the Inflation Reduction Act. The White House is considering a cap on future
After Tuesday’s debt ceiling summit at the White House, President Biden said the meeting was “productive.” He said, “I made it clear during our meeting
President Joe Biden and House Speaker Kevin McCarthy (R-CA) will face off at a 4 p.m. Eastern time (2000 GMT) Oval Office session today on
As Republicans and the White House cannot agree on raising the debt ceiling, talks of invoking the 14th Amendment have been presented. This would allow
On Wednesday the Federal Reserve, in a unanimous decision, increased interest rates by a quarter of a point putting the benchmark federal funds rate at
The fate of failing First Republic Bank is still unknown and while the The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal
House Speaker Kevin McCarthy (R-CA) and his leadership team made several concessions to secure enough votes to pass the Limit, Save, and Grow Act —
The U.K. inflation rate remained in the double digits for the second consecutive month with annual price increases of 10.1% seen in March. Capital Economics,
Job growth in the U.S. private sector added 145,000 jobs in March, much lower than the expected 200,000 and far less than the 261,000 jobs
In the wake of the Silicon Valley Bank (SVB) failure, America’s 25 biggest banks experienced a huge outflow of deposits last week of $90 billion.
Pollster John McLaughlin says that after Manhattan District Attorney Alvin Bragg pushed for an indictment of former President Donald Trump, Trump’s poll numbers have “exploded”
On Tuesday in an interview with CBS News, Mark Zandi, Moody’s Analytics Chief Economist, said “things are going to start to wobble and break and
Moody’s Investor Service, one of three major rating entities, has downgraded the U.S. banking system from “stable” to “negative.” Following the most significant bank failure
On Tuesday President Biden delivered his State of the Union Address calling for Congress “to restore the soul of this nation.” He urged Congress to
Legislation has been introduced by every Republican senator and Democrat Joe Manchin to stop the Biden administration’s new environment, social and governance (ESG) rule which
PayPal announced Tuesday it will lay off 2,000 employees, or about 7% of its total global workforce in the coming weeks, which becomes the latest
An egg farm in Bozrah, Connecticut, was plagued with a three-alarm fire that took 4.5 hours to extinguish and over 100 firefighters from at least
The worst outbreak of avian flu on record is continuing for a second year after forcing the destruction of nearly 58 million birds according to
It is reported that House Minority Leader Rep. Kevin McCarthy (R-CA) will campaign against the $1.7 trillion omnibus spending bill. According to Punchbowl News, McCarthy
At 1:30 in the morning on Monday, with only days left under Democrat control, Congress dropped a 4,155 page, $1.7 trillion omnibus spending bill in
October showed a continual climb in consumer prices while overall inflation held the pace of the previous month, excluding food and fuel. The consumer price
Completed sales of pre-existing homes fell 10.2% in September, according to The National Association of Realtors (NAR) Sales Index. This is the fourth straight month
A USA TODAY/Suffolk University Poll finds many voters are going back to basics, motivated to vote Republican amid the reality of crippling inflation under Biden’s
The U.S. has only 25 days of diesel supply, the lowest level for October recorded since 2008, according to the Energy Information Administration (EIA). National
On Monday, White House press secretary Karine Jean-Pierre unintentionally made a connection between the significant rise of inflation and President Joe Biden’s signing of the
Bank of America is warning that the Federal Reserve’s aggressive actions to cool inflation will result in a projected loss of about 175,000 jobs monthly
As households are strained by the rising cost of housing and other necessities, U.S. inflation has accelerated to 8.2% in September. Excluding the volatility of
A consensus of economists and experts contend that the central bank is overcorrecting. Against precedence, Fed officials have increased interest rates five times since March,
Stocks are down again this week as the markets responded to Friday’s higher than excepted job report. Brian Jacobsen, senior investment strategist at Allspring Global
America’s gross national debt has exceeded $31 trillion for the first time, according to a U.S. Treasury Department report published Tuesday, as the country suffers
Senator Ron Johnson (R-Wis) tweeted his most recent criticism of the Biden Administration’s handling of the economy. Johnson wrote, “Let this sink in: $1.00 at
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