Biden’s fiscal failures loom over treasury nominee’s path
Given America's fragile fiscal foundation, Thursday's confirmation hearing for Treasury Secretary nominee Scott Bessent is critical. Senators would be expected to focus on finance-related questions. But instead of addressing the consequences of Janet Yellen's financing of U.S. debt at the short end of the yield curve and the challenge of refinancing nearly $7 trillion in […]
Next Ohio senator, a ‘fiscal conservative,’ aims to ‘get government out of people’s lives’
Fox's first appearance: Ohio's new U.S. Senate nominee, Lt. Gov. Jon Husted, wants to put the country on a “more fiscally responsible path” and brings years of experience in state government to the Senate. “As a fiscal conservative, I've always wanted to move America on a more fiscally responsible path, and I've always wanted to […]
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 […]
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 […]
10K Special Interest Aliens Apprehended in New Fiscal Year
More than 10,000 special interest foreigners were arrested during the first two and a half months of the new fiscal year. Aliens of special interest come from countries with known ties to terrorism. Border Patrol Chief Jason Owens posted a report on social media indicating the arrest of three Syrian immigrants who entered the U.S. […]
Powell calls for ‘change’ in ‘unsustainable’ fiscal path
Federal Reserve Chairman Jerome Powell warned Wednesday that the U.S. is on an “unsustainable” fiscal path and called for a course correction days after the national debt hit Exceeded $36 trillion For the first time in history. “The U.S. federal budget is on an unsustainable path. Debt is not at an unsustainable level, but we […]
Currency Suffers Record-Breaking Crash over Socialists’ Fiscal Policy Battle
Brazil's national currency, the Brazilian real, hit an all-time low on Friday morning as spending cuts announced by the government of radical leftist President Luiz Inacio Lula da Silva failed to calm growing market doubts. It fell. Brazilian Finance Minister Fernando Haddad announced The government's spending cut package this week aims to cut spending by […]
US fiscal health risks increase after Trump win: Moody’s
Ratings agency Moody's said the U.S.'s fiscal health is at higher risk given the election of Republican Donald Trump as the next president and the expected composition of Congress. U.S. budget deficits and government debt levels are expected to rise significantly under either candidate in the Nov. 5 election, according to multiple estimates, but Democrat […]
Biden-Harris Admin Caps Off Four Fiscal Years With Roughly 8.5 Million Southern Border Migrant Encounters
Roughly 8.5 million migrants were encountered along the U.S.-Mexico border during the Biden-Harris White House's four fiscal years, making the true cost of the border crisis under the administration more clear. In September, the final month of fiscal year 2024, 101,790 migrants were encountered at the southern border. According to The data was released by […]
Nearly 800K in NYC collected welfare checks last fiscal year — most in decades
New York City provided cash assistance to 787,400 residents last fiscal year, the most welfare checks issued in at least 20 years during the Giuliani administration. Taxpayers have already been collected more than $5.5 billion in the past two years to provide shelter and other services to the large influx of immigrants, but they are […]