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5 key takeaways from the Federal Reserve’s rate hikes The Federal Reserve ramped up its battle against inflation Wednesday with another large interest rate hike amid griping that the central bank’s efforts will plunge the U.S. into a recession. The Fed boosted its baseline interest rate range by 0.75 percentage points for the fourth…
Federal Reserve hikes interest rates by 75 basis points for fourth time this year The Federal Reserve on Wednesday hiked interest rates by three-quarters of a percentage point, pressing even harder on the brakes of the economy in a scramble to slow inflation. The Federal Open Market Committee, the panel of Fed officials responsible for…
Trump: Attack on Paul Pelosi a ‘terrible thing’ Former President Donald Trump in an interview Sunday called the attack on Speaker Nancy Pelosi’s (D-Calif.) husband in their San Francisco home a “terrible thing” as he railed against crime in Democrat-led cities. “With Paul Pelosi, that’s a terrible thing, with all of them it’s a terrible…
Trump loses latest bid to shield tax returns from House committee A federal court cleared the way Thursday for a Democratic-led House committee to review former President Donald Trump’s tax returns, although the Supreme Court could still block the action. Judges on the D.C. Circuit Court of Appeals upheld a ruling that courts won’t stand…
Biden touts federal deficit: ‘Largest one-year drop in American history’ President Biden on Friday touted recent figures showing the federal budget deficit fell by $1.4 trillion in fiscal year 2022 from the prior year’s levels, as Democrats work to fend off Republican attacks on the economy and inflation ahead of midterm elections. Biden boasted the…
How Gordon Sondland went from hotelier to ambassador to central impeachment figure Former Ambassador Gordon Sondland was standing with former President Trump in August 2019, waiting for the president of Romania to arrive for a meeting, when Trump pulled out a container of Tic Tacs and ate a few. “What the f—, aren’t you going…
“MTA unveils ‘stunning’ $30M staircase at Times Square subway station” Transit officials on Monday unveiled a new staircase and entryway at the Times Square subway station that they said cost the transit authority a cool $30 million to build. MTA CEO Janno Lieber said the “stunning… first class” 15-foot wide staircase at the “center” of…
“Joe Biden infrastructure spending is pointless and other commentary” Libertarian: Joe’s Spend-More, Get-Less Rule President Biden’s $1.2 trillion infrastructure bill expanded requirements that federally funded projects use often-costlier US-made materials, and new rules “will make it harder to get waivers,” fumes Reason’s Christian Britschgi.: Waivers must go through the Office of Management and Budget, which…
“#Pittsburgh bridge collapses near site of Biden remarks” A bridge collapse in a Pittsburgh park resulted in injuries to 10 people, three of whom had to be taken to a hospital, officials said early Friday — hours before President Biden was due to arrive in the city to give remarks touting his infrastructure plan. “The good…
“#Letters to the Editor — Dec. 24, 2021” The Issue: Democrats’ response to Sen. Joe Manchin’s refusal to vote for the “Build Back Better” bill. Sen. Joe Manchin is prepared to take the heat while continuing to represent the best interests of his constituents and the people of America (“Dem bullies,” Dec. 21). Manchin is…