Wall Street anxious Kamala Harris tax plan will crater corporate earnings: report
Democratic candidate Vice President Kamala Harris has reportedly pledged to raise taxes if she wins the November presidential election, raising concerns on Wall Street that it could hit corporate earnings. Harris has been criticized for taking too long to announce her policy proposals and for avoiding interviews with the press, but she has been clear […]
Federal Reserve Waters Down Plan To Hike Capital Reserves For Big Banks Amid Wall Street Lobbying Efforts
In a speech on Tuesday, Michael Barr, the Federal Reserve's vice chairman for oversight, announced that the Fed was watering down proposed rules that would increase the amount of cash large banks must hold on hand, following intense lobbying from Wall Street. Federal regulators are revising the final version of Basel III, which would boost […]
US and Iraqi officials drawing up plan that could see American troops pulling out as soon as next year
Washington and Baghdad are moving forward with plans to draw down U.S. troops in Iraq as early as next year. The United States and Iraq have reached an “agreement” on a plan to withdraw hundreds of US troops from Iraq by September 2025, with the rest by January 2027, a new report says. Reuters reported. […]
Speaker Johnson plowing ahead with funding plan despite GOP opposition
House Speaker Mike Johnson (R-Louisiana) is forging ahead with a plan to avert a government shutdown despite overwhelming Republican opposition that would derail the plan, threatening an embarrassing vote on the House floor that could undermine his fundraising strategy. At least six Republicans, including hardline conservatives and defense hawks, have said they will vote against […]
House GOP government funding plan gets chilly reception from Senate Republicans
Senate Republicans on Monday gave a lukewarm reception to House Republicans' government funding plan, questioning whether it would slow progress in finding a solution to avert a government shutdown at the end of the month. They acknowledge that the inclusion of a Trump-backed measure requiring proof of citizenship to register to vote could complicate the […]
Trump-backed plan to avoid government shutdown advances to House-wide vote as Republicans defect
A plan by House Republicans to avert a partial government shutdown and beef up election security cleared a key hurdle Monday night but faces an uncertain fate when the full House votes this week. House Speaker Mike Johnson, R-Louisiana, is seeking to pass a combination of a continuing resolution (CR), a six-month extension of fiscal […]
GOP opposition appears to doom Speaker Johnson's initial plan to avert shutdown
House Speaker Mike Johnson (R-Louisiana)'s first attempt to avert a government shutdown appears doomed to fail in the House floor this week due to widespread and growing Republican opposition, dashing his hopes that his proposal would stifle Democrats in both chambers. At least six Republicans have announced they will vote against Johnson's plan, which combines […]
Glenn Beck and Tucker Carlson discuss spiritual battle playing out in politics: ‘That’s Satan’s plan’
Glenn Beck He joined Tucker Carlson in Salt Lake City on Saturday for his fourth visit. Carlson's Live Tour Across America, they discussed the current political situation, the “end times,” and the spiritual battle between good and evil. “I've sat down with Bible scholars, real scholars, and they've taught me about the end times, and […]
Mike Johnson faces conservative mutiny over Trump-backed plan to avert government shutdown
A plan by House Republican leaders to avert a partial government shutdown scheduled for later this month could be derailed by growing opposition from fiscal hawks within the party. House Speaker Mike Johnson, R-Louisiana, introduced legislation last weekend to extend current fiscal year government funding levels through March through a continuing resolution to give congressional […]
Italy Demands EU Drop ‘Absurd’ Plan to Ban Combustion Engine Vehicles
Italy's conservative government of Giorgia Meloni has called on the EU to scrap its Green Agenda plan to ban the sale of new internal combustion engine vehicles by 2035. Speaking at the Ambrosetti Forum in Cernobbio, Italy, over the weekend, Rome's Energy Minister Gilberto Pichetto Fratin stated bluntly that “the ban must be changed.” According […]