Deficit spending, not 'price-gouging,' is driving inflation
In a recent speech, Vice President Kamala Harris announced a plan to ban what her campaign calls “food price gouging.” Americans are certainly concerned about rising costs, with the rising price of eggs being a prime example. 19 percent We've learned over the past year that inflation isn't caused by price gouging. But it can […]
Fox News Politics: Another Spending Showdown?
Welcome to the Fox News Politics newsletter, bringing you the latest in Washington, DC political news and the latest on the 2024 election campaign. What’s going on… – Democratic bill to protect prisoners from abuse Sex offenders released earlyCritics say… – President Trump promises universal health care IVF Treatment for Women… – Key moments from […]
Inflation Climbed At Moderate Pace In July as Consumer Spending Picked Up
Consumer prices rose at a slightly faster pace last month than the month before, Commerce Department data released Friday showed. The personal consumption expenditures price index rose 0.2% in July from June, accelerating from June's 0.1% increase from May, the acceleration was in line with economists' expectations. Over the past year, the personal consumption expenditures […]
GOP senators look to tie crackdown on noncitizen voting to must-pass spending bill
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Trump, Harris spending plans could weigh on the US economy, analysis shows
As the 2024 presidential campaign heats up, Vice President Kamala Harris and former President Trump are laying out competing economic visions for the country. The presidential candidates are battling over a number of tax issues, including expanding the child tax credit and repealing the tip tax. A new study by the Penn Wharton Budget Model, […]
Boosted By Resurgent Consumer Spending, Second Quarter Growth Revised Up To 3%
The U.S. economy grew faster this spring than previously thought, fueled by a surge in consumer spending. The Commerce Department said Thursday that the U.S. economy grew at an annualized rate of 3 percent in the second quarter, revised up from an earlier forecast of 2.8 percent. Economists had expected the second estimate to be […]
‘Dolton Dictator’ Tiffany Henyard’s former assistant, town trustee betrays her over ‘unethical, predatory behavior’ amid lavish spending accusations
Embattled “Dictator of Dolton” Mayor Tiffany Henyard received a major blow Monday from a supposed ally of hers in her ongoing battle against fraud charges following reports of lavish spending while in office. Thornton Parish Council member Carmen Carlisle accused the 41-year-old self-proclaimed “super mayor” of engaging in “unethical and predatory behaviour” to “gain influence” […]
Massachusetts GOP Demands ‘Transparency’ from State over ‘$1 Billion in Secret Migrant Crisis Spending’
The Massachusetts Republican Party filed a Freedom of Information Act (FOIA) request on Tuesday, demanding “transparency” from the administration of Democratic Gov. Maura Healey about an alleged “$1 billion secretly spent to combat the immigration crisis.” Healy 3x The governor approved a budget for spending on migrant shelters in the Bay Area but did not […]
CNBC hosts scoff at Harris economic advisor trying to justify creation of a new tax to fund her spending policies
The CNBC host on Thursday disparagingly criticized an economic adviser to the Harris campaign for trying to defend her new tax proposal. Bharat Ramamurti, who also worked in the Biden administration, appeared on “Squawk Box” with hosts Joe Curnen and Becky Quick to explain the proposal to tax investors' unrealized gains. “It's not income. If […]
Massachusetts staying mum about $1 billion in ‘secret’ spending for illegal aliens, state GOP alleges
Massachusetts Republicans allege that state officials have spent nearly $1 billion on illegal immigrants but are refusing to disclose details of that spending to legal residents. The Massachusetts Republican Party has filed freedom of information requests with the state for more than 1,000 people. Six state government agenciesAn investigation has been launched by the party's […]