Conservative criticizes tax increase plan from Republican in blue state.
Conservative Opposition to Tax Hike Proposal A conservative Republican has expressed his disagreement with his more moderate colleagues’ suggestion for a minor tax increase on high-income individuals. This comes as GOP lawmakers are working through divisions around President Donald Trump’s ambitious legislative goals. Rep. Ralph Norman, a member of the Freedom Caucus, weighed in on […]
Trump’s tax and spending proposal aims to increase take-home pay and worker wages, say White House advisors
Key U.S. economic institutions are suggesting that President Donald Trump’s proposed tax policy, referred to as the “One Big and Beautiful Bill,” could result in increased take-home wages for American families and higher pay for workers. A report released by the Council of Economic Advisors (CEA) on Monday indicated that it believes to have “captured […]
Government expenditures increase debt to unmanageable levels even with record income.
The U.S. is grappling with a significant debt issue, a concern widely acknowledged by various credible sources, including the Treasury Department and the Federal Reserve. The national debt stands at over 120% of GDP, significantly surpassing what many experts deem sustainable. Deficits are soaring, reaching levels typically associated with wartime—about double the historical average relative […]
Monday morning forex rates update – JPY and EUR increase
I shared some early rate signs here: Opening Levels for Monday, Indicator FX Prices, May 19, 2025 The weekend brought quite a bit of news: The information didn’t really boost market confidence. UK Prime Minister Starmer is set to unveil a “reset” deal regarding Brexit on Monday. (Can we even say “Brexin”?) Australian PM Albanese […]
Charities increase pressure on Keir Starmer to eliminate the two-child benefit limit.
Push for Action on Child Poverty Intensifies Charity and labor groups are banding together to elevate the issue of child poverty, urging the government to take concrete steps in addressing it. As discussions around future strategies unfold, a study from the Charitable Coalition indicates a strong public desire for prioritizing family support. Results show that […]
Bitcoin Surpasses $105K for the First Time Since January, While XRP and Dogecoin Increase
Bitcoin’s Recent Surge Towards Historical Highs Bitcoin has made a notable comeback, climbing above $105,000 on Sunday for the first time since January, as other significant cryptocurrencies also show impressive daily gains. Currently, Bitcoin is trading at approximately $105,414, reflecting a more than 2% increase in just a day, which contributes to a nearly 25% […]
Bessent Cautions That Tariffs Could Increase If Countries Fail to Negotiate Trade Honestly
Concerns Over Tariff Negotiations Treasury Secretary Scott Bescent issued a warning that the U.S. may bring back higher tariffs if foreign nations do not engage in honest negotiations. His comments reflected concerns about trade practices and government shutdown risks. “President Trump has communicated that if countries don’t negotiate sincerely, they can expect to revert to […]
‘Bitcoin Standard’ author supports developer efforts to increase the cost of spamming Bitcoin
Debate Over Bitcoin Spam Inscription Intensifies The creator of Syphed, who is also an economist and author of the Bitcoin Standard, has weighed in on the ongoing discussion surrounding spam inscriptions on the Bitcoin network. He suggested that perhaps they could “throw some SATs” to support full-time developers aimed at making spam on Bitcoin more […]
Attorney General Files 23 Lawsuits Against Trump Administration Amid Ongoing Efforts to Address Crime Increase from BLM Period
The Attorney General, facing a rising violent crime rate since taking office, has been criticized for focusing heavily on suing the Trump administration. Minnesota’s Democrat Attorney General, Keith Ellison, has filed 23 lawsuits against President Trump and his administration on various political issues since his inauguration. Some locals feel this has diverted his attention from […]
Pension Reform Conflict: Legislators Push Back Against FERS Contribution Increase
Rep. Mike Turner Challenges Proposed Pension Contribution Increases for Federal Workers Rep. Mike Turner (R-OH) has expressed his disagreement with the House Oversight Committee’s plan to raise pension contributions for federal employees as part of a budget deal. During a markup session held on April 30, where the proposed cuts to federal employees’ retirement benefits […]