States with Democratic leadership take legal action against Trump administration over attempts to cut funding for Planned Parenthood.
A coalition of Democratic state leaders filed a lawsuit this week against provisions from the Trump administration that aim to limit funding for abortion providers. The lawsuit was initiated by 22 attorneys general, along with Pennsylvania Governor Josh Shapiro. California Attorney General Rob Bonta stated during a press conference that these provisions act as “punishment […]
Bitcoin and Ethereum Drop as Tariff Concerns Outweigh Rate Cut Hopes
Simply put The White House revealed new tariffs on Thursday. An unexpectedly cool employment report indicated a sluggish labor market. The likelihood of rate cuts in September increased significantly, from 37% to 83%. Bitcoin and other cryptocurrencies took a hit on Friday as investors reacted to the latest tariffs and the signs of a declining […]
Democrats intensify efforts against Trump by involving Congress in the fight to cut funding for Planned Parenthood.
Abortion service providers and Democratic states are starting legal actions in response to the Trump administration’s choice to reimburse certain family planning services, stirring a complex legal confrontation that questions both congressional authority and presidential decisions. Planned Parenthood, along with a few blue states, is suing over a specific stipulation in a major bill that […]
Trump calls on the Fed board to take charge if Jerome Powell doesn’t cut rates soon
President Trump urged the Federal Reserve on Friday to take decisive action if Jerome Powell doesn’t reduce interest rates immediately. In a post on Truth Social, he referred to Powell as “the stubborn idiot Jerome ‘too late’ Powell,” insisting that the Fed must act swiftly. He warned that if Powell continues to hesitate, the board […]
GBP/USD declines as Fed delays September cut, US data bolsters Dollar
GBP/USD declines following a Federal Reserve decision to maintain interest rates without guidance for September. US unemployment claims decrease to 218k, reflecting a robust labor market that supports the USD. Year-on-year Core PCE in June rises to 2.8%, with headline PCE at 2.6%, both figures exceeding estimates. During Thursday’s North American session, GBP/USD experienced modest […]
The inflation measure favored by the Fed rises as tariffs increase prices, raising doubts about a rate cut in September.
The Federal Reserve’s preferred measure of inflation saw a slight decline in June as tariffs on imported goods began raising costs for some products. The Personal Consumption Expenditure (PCE) price index climbed by 0.3% last month, aligning with economists’ predictions from a Reuters survey. Year-over-year, PCE increased by 2.6%. Core PCE, which strips out the […]
Fed is likely to maintain interest rates and indicate when a cut may occur.
The Federal Reserve is likely to keep its policy rates unchanged for the fifth consecutive time. The wording of the statement and comments from Chairman Powell could shed light on future policy directions. If investors are optimistic about potential interest rate cuts in September, the US dollar may weaken. The Federal Reserve is set to […]
Why some Social Security recipients may have their payments cut by as much as 50%
Changes to Social Security Payments Due to Overpayment Recovery Many Americans are now facing cuts to their Social Security payments by as much as 50% due to a new overpayment recovery policy. Starting in late July, the Social Security Administration (SSA) will begin withholding up to 50% of monthly benefits from beneficiaries who were previously […]
Joni Ernst Has Extensive List Of Wasteful Spending She Wants To Cut From Trump Administration
On Wednesday, Iowa Republican Sen. Joni Ernst published a report outlining 12 projects that are either exceeding their budgets or experiencing significant delays. Ernst’s 50-page report follows a letter from Transport Secretary Sean Duffy to Vice President J.D. Vance, which identified 14 Department of Transport projects with cost overruns of at least $1 billion or […]
House GOP Takes Steps to Support Anti-Conservative ‘Democracy’ Group That Trump Aims to Cut Funding For
House Republicans Request Funding for Organizations House Republicans are urging the Trump administration to allocate hundreds of millions of dollars to various organizations, arguing that there has been a long-standing bias against conservatives, which includes censorship of dissenting opinions and purported interference in diplomatic matters. In May, the Trump administration’s Office of Management and Budget […]