Fed’s Bowman Sees No Cuts This Year, Warns of Possible Rate Hike
Bowman issues warning to rate cutters Market remains most underestimated risk Federal Reserve Rate Hikes. The Federal Funds futures market The Federal Reserve is almost certain to cut interest rates They see a 94% chance of at least one rate cut by the end of the year and a 65% chance of two cuts by […]
The City of Phoenix Is Pushing Back on Tax Cuts so It Can Keep Fleecing Taxpayers
Estimated Reading Time: 3 minutes The Arizona state General Fund is flooded with revenue. Latest projections show the state with $1.2 billion in ongoing revenue and a cash balance upwards of $6.5 billion in FY2024. This is by far the largest budget surplus in state history and doesn’t even include the $1 Billion stashed away […]
Fed’s Bowman sees no interest rate cuts this year
“The Craman Countdown” panelists Kate Moore and Joseph LaVorgna predict the Federal Reserve’s interest rate movements and yield curve normalization. Federal Reserve Governor Michelle Bowman said Tuesday that the central bank does not plan to cut interest rates before the end of the year and is prepared to raise rates again if inflation progress stalls. […]
Biden’s Migration Stalls Wages, Cuts Productivity
President Joe Biden’s immigration policies would slow American wage growth to just 1% per year by the early 2030s, according to analysts at the nonpartisan Congressional Budget Office. “The increased supply of workers will put downward pressure on wages, especially for those with 12 or fewer years of education,” the June 18 CBO said. reporttitled […]
Mike Pence group kicks off $10M campaign to keep Trump tax cuts
Former Vice President Mike Pence’s conservative advocacy group on Thursday launched a $10 million education campaign urging lawmakers to preserve tax cuts passed in 2017 under former President Donald Trump. Release to Promote American Freedom Policy Memo On Thursday, he called on lawmakers and the voters who elect them to preserve the Tax Cuts and […]
Pence group launches $10 million effort to preserve Trump tax cuts
Former Vice President Mike Pence’s political advocacy group has launched a $10 million campaign to extend Trump-era tax cuts that expire next year and are expected to play a key role in the 2024 election. Advancing American Freedom on Thursday announced plans for a “nationwide grassroots education campaign” to defend the Tax Cuts and Jobs […]
Boston liberal arts college blames low enrollment, possible staff cuts on anti-Israel protests
A Boston liberal arts college has acknowledged that recent anti-Israel protests on campus will result in a drop in enrollment next year and may require cuts. Emerson College President Jay Barnhart said in an internal message this week that “multiple factors” are contributing to the “significant” shortfall in freshman enrollment, including the protests and the […]
Elizabeth Warren warns Dems to stand firm on tax hikes as fight looms over Trump-era cuts
Sen. Elizabeth Warren (D-Mass.) is pressuring Democrats to take a tougher stance on new tax policy as lawmakers prepare for some of the Trump administration’s tax cuts to expire after 2025. Progressive lawmakers are expected to emphasize the importance of pushing for corporate tax reform at an event hosted by the Washington Center for Equitable […]
‘We Will Make The Trump Tax Cuts Permanent’
Former President Donald Trump vowed to “make the Trump tax cuts permanent” during a speech at Turning Point Action’s “People’s Convention” on Saturday. his speech Speaking at the party’s convention in Detroit, Michigan, the former president added that if elected in November, his administration would “further cut taxes on working families and small businesses.” “We’re […]
Social Security payments could see steep cuts starting in 2033
The chief actuaries for Social Security and Medicare testified before a House committee Thursday about looming financial difficulties for the two safety-net programs that could deplete key trust funds within about a decade and leave recipients facing benefit cuts if Congress doesn’t fix the funding shortfall. Social Security and Medicare trustees recently released reports examining […]