We can’t afford to cut America’s nuclear modernization program
Tensions with China and Russia have never been higher since the Cold War. From Ukraine to the Middle East, the South China Sea to the Korean Peninsula, nuclear-armed dictators are challenging American hegemony. So why are some American politicians suggesting that we should reduce our nuclear arsenal? The United States only recently ended a 35-year […]
Lexi Thompson bids farewell as Nelly Korda misses cut at eventful US Open | Golf
Wichanee Meechai was the latest surprise at a U.S. Women’s Open full of surprises. She started with four straight birdies on Friday to tie her lowest score of the week with a 3-under 67 and move into the lead by two strokes in a weekend when Nelly Korda is absent. Meechai is a 31-year-old Thai […]
Ohio bank explosion caused by cut gas line thought to be turned off: investigators
YOUNGSTOWN, Ohio (AP) — A worker working in the basement of an Ohio building intentionally cut a gas line without knowing it was under pressure before a deadly explosion this week, the National Transportation Safety Board said Friday. NTSB board member Tom Chapman said crews were in the basement removing pipes and other old equipment […]
Dow soars nearly 600 points after inflation gauge closely watched by Fed reignites hope for fall rate cut
The Dow Jones Industrial Average surged nearly 600 points on Friday as investors breathed a sigh of relief after the Federal Reserve’s recommended inflation gauge met Wall Street expectations, rekindling optimism for interest rate cuts. The Commerce Department’s Bureau of Economic Analysis said Friday that the personal consumption expenditures (PCE) price index rose 0.3% last […]
Nelly Korda redeems herself on 12, but fails to make U.S. Women’s Open cut
Nelly Korda’s stunning 10-stroke loss on Thursday shocked the golf world but also dashed her dreams of winning a second consecutive major championship. Korda made seven bogeys on the par-3 12th hole to fall to eight-over par after three holes, a deficit too big to recover from. Korda shot a 10-over 80 on Thursday and […]
Fed’s Raphael Bostic: Central bank won’t wait until inflation falls to 2% to cut rates
Federal Reserve Bank of Atlanta President Raphael Bostic talks about year-over-year inflation rates on “The Craman Countdown.” Atlanta Federal Reserve Fed Governor Raphael Bostic told FOX Business’ Liz Claman on Thursday that the central bank is unlikely to cut interest rates in July amid signs that inflation is slowing. Asked whether there was a scenario […]
Trump tax cut extensions keep getting more expensive: Analysis
A new analysis from the Committee for a Responsible Federal Budget, a Washington think tank, finds that cost estimates for extending the Trump tax cuts have risen every year, but it’s not clear why. According to current projections from the Joint Committee on Taxation and the Congressional Budget Office, extending the expiring Trump tax cuts […]
Republicans prepare to fast track Trump tax cut extensions in reconciliation
Republicans are preparing to fast-track an extension of the Trump tax cuts through the reconciliation process if they win a landslide victory in November. Nearly seven years after Republicans used budget reconciliation to pass the Tax Cuts and Jobs Act (TCJA), the party is preparing to use the same method to renew key provisions set […]
Amazon Fresh to cut grocery prices by as much as 30% to bring back inflation-battered customers
Amazon is joining other big retailers including Target and Walmart in slashing grocery prices by as much as 30% to attract inflation-weary customers. The company announced it would cut prices on 4,000 items at its online AmazonFresh grocery store and a handful of its brick-and-mortar stores. Amazon Fresh customers can get discounts on meat, seafood, […]
Congress Guts Budget Rules and Misses Chance to Cut Spending
Republicans in Congress missed a huge opportunity to begin putting our country’s fiscal house in order. Inflation caused by runaway government spending and money printing was the top issue on the minds of voters in the November midterm elections. The Left’s reckless pursuit of these disastrous policies has been a boon for fiscally conservative politicians […]