Fiscal concerns should not hold up tax cuts
When Republican lawmakers meet with small businesses in their districts over the Christmas break, they'll probably hear the most important message. It says, “Pass tax cuts now.” According to Job Creators Network new national pollsmall businesses support extending the 2017 Tax Cuts and Jobs Act, which took effect in 2018 and expires next year, by […]
Dozens of House lawmakers rally around funding Afghan visa program as Trump vows major spending cuts
A bipartisan group of 51 lawmakers is calling on House negotiators to keep funding flowing to a visa program for Afghans fleeing the takeover of their country by the Taliban. Reps. Jason Crow (D-Colo.) and Zach Nunn (R-Iowa) sent a letter to House appropriations leaders continuing negotiations on remaining federal funding for fiscal year 2025. […]
NYC plastic surgeon cuts back at ‘sex slave’ claims by model ex, contends Instagram posts show she’s lying: court docs
A Manhattan plastic surgeon has hit back at a model's ex-girlfriend's explosive claims that he turned her into a “sex slave” and performed surgeries without anesthesia to hide the abuse. Maya Willow Sias' own texts and Instagram posts disprove her bombshell statements about Fifth Avenue surgeon Ammar Mahmoud, his lawyers said last week. argued in […]
MSNBC hosts taking pay cuts following major ratings slump
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House GOP eyes plan C that cuts Trump debt ceiling demand
House Republicans are eyeing new spending proposals to increase votes on three separate measures: funding the government, adequate disaster relief and allocating agricultural aid, three people told The Hill. Ta. But in a shift from previous strategy and in defiance of President-elect Trump's requests, the new plan does not include any measures to raise the […]
MSNBC tells Joy Reid, Stephanie Ruhle to take pay cuts: report
MSNBC's Joy Reid and Stephanie Ruhl will reportedly have to take pay cuts if they want to remain as anchors as the struggling cable network continues to cut costs. The left-leaning news channel, which recently gave star anchor Rachel Maddow a $5 million cut from her $30 million annual salary, is negotiating with Mr. Reid […]
Fed cuts interest rates a quarter point as 2025 outlook remains ‘uncertain’
The U.S. Federal Reserve cut interest rates on Wednesday as expected, but signaled they would cut less in 2025 than originally expected, sending the Dow Jones Industrial Average soaring more than 1,100 points. The Federal Reserve has cut interest rates by 25 basis points to a range of 4.25% to 4.50%, and the Summary Economic […]
Fed cuts interest rates by quarter point despite firmer inflation
The Fed cut interest rates by a quarter of a percentage point on Wednesday, in line with market expectations, even as inflation has accelerated again over the past two months. Fed officials have been trying to find the right tempo of rate cuts since they began cutting rates by a deep half-point in September, but […]
EUR/USD collapses below 1.0400 as Fed eyes two cuts in 2025 – FXStreet
EUR/USD fell sharply following the Federal Reserve's 25 basis point interest rate cut and cautious outlook for future policy adjustments. Federal Reserve Chairman Jerome Powell has emphasized a cautious approach to further interest rate changes, pointing to persistent inflation risks and a stable labor market. The Fed's latest economic forecasts show that interest rate cuts […]
Stocks Tank As Fed Sees Fewer Rate Cuts, More Inflation Ahead
Major stock indexes fell sharply on Wednesday after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point, but officials said future rate cuts would be narrower and inflation would persist further. showed the outlook. The Dow Jones Industrial Average fell more than 500 points, or 1.2%. The Nasdaq Composite fell […]