IBM vice chairman says stock sell-off is a response to debate, criticizes lack of detail in Harris economic plan
IBM Vice Chairman Gary Cohn said Wednesday's stock market selloff was driven in part by the reaction to the presidential debate between former President Donald Trump and Vice President Kamala Harris. Cohn made the comments during an appearance on CNBC after the Dow Jones index. Fell It rose 1.6% in early trading. “I know she […]
House GOP plan to avert government shutdown on life support as Johnson delays vote
House Speaker Mike Johnson, R-Louisiana, was forced to postpone a House vote on a plan to avert a partial government shutdown on Wednesday after the bill was put on life support by defections from Republican lawmakers within days of being introduced. “There will be no vote today,” Johnson told reporters on the bill, known as […]
Why Giants’ post-Saquon game plan may never get off drawing board
Don't give up on the Giants' three-pronged plan to develop a powerful rushing attack just yet. There is insufficient evidence to make any definitive statements about the 2024 NFL season. But early evidence suggests it might not be as easy to replace Saquon Barkley's year-over-year production with a team of fresh players, an offensive-minded scheme […]
Trump spars with Harris, moderators during heated presidential debate: ‘She doesn’t have a plan’
PHILADELPHIA, Pennsylvania — Former President Donald Trump and Vice President Kamala Harris engaged in a heated debate Tuesday night on abortion, immigration, Israel, the economy and a range of other issues, but Trump also sparred with ABC News hosts who were quick to challenge and “fact-check” the 45th president without addressing Harris' numerous distortions. Trump […]
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 […]