Fed expected to pump brake on rate cuts in 2025 as Trump policies stir concern
Fed officials at their Dec. 17-18 meeting expected to reduce the pace of interest rate cuts this year in the face of persistently rising inflation and the threat of widespread tariffs and other potential policy changes. . Minutes of the meeting, released after a typical three-week delay, also showed clear divisions among the Fed's 19 […]
Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'
Former House Speaker Newt Gingrich (R-Ga.) has encouraged President-elect Trump and the Republican Party to pass tax cuts as part of a single broad reconciliation bill, with the Republican House majority in a narrow state. He argued that the outcome would depend on the performance of the U.S. economy. In an interview with The Hill […]
MSNBC Faces Collapse: Pay Cuts and Chaos
MSNBC is in turmoil. With ratings tanking and their top anchors being told to take massive pay cuts, the network faces a crisis that … source
Schools in England face ‘death by a thousand cuts’, headteachers say | Schools
UK schools face 'death by a thousand cuts' after a leading economic think tank said rising costs are likely to outstrip funding next year despite a recent injection of extra funding Principals said they were doing so. The Association of School and College Leaders (ASCL) says that without further ambitious investment in education by the […]
Newsom Claims California Budget Surplus; Warns of Trump, DOGE Spending Cuts
California Gov. Gavin Newsom (D) insisted the state will have a modest budget surplus next year, but still plans to raid the “rainy day” emergency fund, prompting President-elect Donald Trump He warned about the president's spending cuts. Newsom came under intense criticism last year after he turned what was once a $100 billion surplus into […]
John Thune aims to tackle US ‘fiscal mess’ but admits tax cuts may not be fully funded
New Senate Majority Leader John Thune acknowledged on Sunday that expected future Republican tax cuts may not be fully funded, but said one of his top goals is to reduce the nation's “fiscal chaos.” ” to deal with it. Thune (R-S.D.), 63, who formally took over the baton as Senate president from Mitch McConnell on […]
Legal aid cuts deny parents their human rights, says ex-supreme court president | Legal aid
The former Supreme Court chief justice said parents are being stripped of their human rights by having to fight for access to their children without a lawyer. David Neuberger said cutting legal aid for family cases was an affront to human rights and that “taking legal aid away from family disputes is wrong in principle.” […]
UK weather: power cuts, traffic chaos and cancelled flights due to heavy snow | UK weather
Heavy snow and freezing rain hit large parts of Britain on Saturday, leaving homes without power, roads closed, cars stranded and flight and train services disrupted. National Grid said on Saturday night that power was out in areas across the Midlands, south-west England and south Wales, including Birmingham, Bristol and Cardiff, and work was underway […]
Illegal Immigrants Are So Crucial We Should Accept Budget Cuts over Sanctuary Status
In an interview with KQED on Friday, Los Angeles City Council member Eunice Hernandez was asked how much pain the city should be prepared to suffer if the Trump administration cuts federal funding to the city because of its sanctuary status. He answered, “How much pain do you consider?” “Illegal immigration is part of the […]
EUR/USD is at parity risk as traders price in four ECB rate cuts this year – FXStreet
EUR/USD has provisional support around 1.0220. However, further declines seem likely. The Fed is expected to cut interest rates twice this year. Investors are awaiting December US ISM manufacturing PMI and German HICP data. EUR/USD found temporary support in North American trading on Friday after plummeting to near 1.0220, its lowest level in more than […]