Auctioning Feds’ Assets Can Fund $1T of Trump Agenda
A populist proposal to auction off distressed federal assets, such as loans, to pay for infrastructure and other policy priorities for working-class Americans is likely to be the subject of former President Donald Trump's return to the White House next week. is attracting new interest. Going back to President Trump's first term, a bipartisan group […]
Feds waste $7B on offices even though half of workers WFH: report
More than four years after the start of the COVID-19 pandemic, the federal government has lowered office space lease costs even though about half of employees regularly work from home, according to a new report. It is estimated that $7 billion was wasted on The House Oversight Committee will investigate the Biden administration's remote work […]
Southwest Airlines sued by feds over chronically delayed flights
The Biden administration on Wednesday sued Southwest Airlines, accusing it of illegally operating multiple chronically delayed flights and disrupting passenger travel. In a civil suit filed with the Justice Department, the Department of Transportation said the airline operated on an unrealistic schedule and is seeking the maximum civil penalty. Southwest Airlines operated two chronically delayed […]
December Inflation clouds Fed’s outlook on interest rate cuts
Gasoline prices were the main contributor to the rise in inflation in December. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.9% in December, slightly higher than the previous month's annual inflation rate of 2.7%. Published by the Bureau of Labor Statistics (BLS). The inflation rate in December rose […]
Capital One sued by feds for avoiding billions in interest payments
Capital One was charged Tuesday by the U.S. Consumer Financial Protection Bureau, which alleges the bank illegally defrauded customers of its flagship “high-interest” savings accounts out of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One offers depositors one of the “best”, […]
FBI Director Wray explains why he’s resigning, defends feds’ raid of Trump’s Mar-a-Lago
Outgoing FBI Director Christopher Wray on Sunday defended an FBI investigation into the 45th president's Florida mansion in 2022, saying he wants to avoid getting the FBI “deeper into the fray” of President-elect Donald Trump. He announced that he would resign following his appointment. FBI director talks about impending resignation, controversial search of classified documents […]
Redacted Russiagate docs show the feds are STILL lying about Trump and their putsch attempt
Federal authorities are still Lies and obscurations about the Russiagate conspiracy against Donald Trump: Witness the recent release of documents on the origins of the FBI investigation, years delayed and heavily redacted. This came to light thanks to the persistent efforts of the folks at RealClearInvestigations. The biggest thing the agency is still hiding is […]
The Fed’s View of the Economy Is Burning
December jobs report highlights Fed mistakes The Fed may not have a good reputation. Burning out as quickly as Los AngelesBut the outcome is likely to be the same: rubble, ash, condemnation, and expensive reconstruction. The Labor Department said Friday that the U.S. economy is 257,000 jobs added in Decemberexpectations that job growth would fall […]
Cracks Emerge in the Fed’s Rate Cut Consensus
End of cutting cycle? The bond market is not the only one questioning the stance of monetary policy. Federal Reserve officials are also seeing some light. After cutting interest rates completely since September, at least some Fed officials seem to be thinking: Questions whether further mitigation is justified. Judging by recent statements and the latest […]
‘DOGE’ senator seeks to ensure feds can continue pursuing COVID fraudsters, debtors, as IG sounds alarm
First appearance on Fox: DOGE's top senator says he was warned by a government watchdog that default rates on coronavirus-era PPP loans were “alarming” and now wants to hold fraudsters accountable He said he was thinking of doing so. In a letter to U.S. Sen. Joni Ernst (R-Iowa), Brian Miller, Inspector General for Pandemic Recovery […]