‘Runway Must Be Running Out’: Massive Government Spending Propping Up Economic Growth, Experts Say
Continued high levels of government spending under the Biden administration have supported U.S. economic growth in the second quarter of 2023, economists told the Daily Caller News Foundation. Real gross domestic product (GDP) grew 2.8% in the second quarter of 2024, well above the 2.1% growth economists had expected. according to According to the Bureau […]
Pro-Trump super PAC spending millions on ads attacking Harris
A major super PAC supporting former President Trump’s reelection plans to spend millions of dollars on attack ads against Vice President Harris, who is emerging as Trump’s challenger in November’s presidential election. MAGA is running new ads targeting Harris on immigration and her record as a prosecutor in the battleground states of Pennsylvania, Georgia, Nevada […]
Elon Musk is spending $45m a month to elect Trump. Let’s boycott his companies | Robert Reich
I have long argued that the concentration of great wealth in the hands of a few undermines our democracy. Elon Musk is emblematic of those concerns. Wealth is most dangerous when it is transformed into political power. One way Musk is turning his enormous wealth into political power is commit $45 million/month New Super PACs […]
Apple TV to Cut $20 Billion in Spending, Views Per Month Lower Than Netflix Views Per Day
Apple TV is reportedly cutting spending by more than $20 billion after a recent quarterly report showed monthly viewership on the streaming service was lower than daily viewership on Netflix. Netflix continues to solidify its position as the streaming king, adding 8 million new customers during the quarter, bringing its total subscriber base to 277.7 […]
Crypto, GOP spending in Arizona Dem primary irks Latinos
The upcoming Democratic House primary in Arizona has attracted the attention of Republican donors and super PACs funded by crypto industry leaders, who are throwing their weight behind one side. Former state Sen. Raquel Teran (D), Phoenix City Councilwoman Yasamin Ansari and physician Duane Wootton are running to replace Rep. Ruben Gallego (D-Ariz.), who is […]
Dems’ $3.5 Trillion Spending Bill ‘Existential Threat’ to Economy
Estimated Reading Time: 3 minutes One of the nation’s leading economic and business groups is warning that the $3.5 trillion spending bill before Congress is an “existential threat” to the nation’s economy. The U.S. Chamber of Commerce has launched a six-figure television ad campaign targeting the proposed tax hikes in the measure that would be […]
4 Ways to Understand Democrats’ $3.5 Trillion Spending Bill
Estimated Reading Time: 3 minutes House Democrats have unveiled pieces of the $3.5 trillion spending bill over the past several weeks. Most legislation focuses on specific issues, which makes it possible to have constructive debate. However, this bill covers welfare, immigration, taxes, energy, families, and much more, making it extremely difficult to comprehend. Providing context […]
Biden’s Colossal Budget Confirms Trump-Era Mega Spending Will Continue
The reality of federal spending under Donald Trump did much to put to rest the obviously wrong and long-disproved notion that Republicans are the political party of “fiscal responsibility.” With George W. Bush and Ronald Reagan, it was pretty much “full speed ahead” as far as federal spending was concerned. Under George W. Bush, some of the […]
Back-to-school spending will likely stay flat or drop as inflation persists: survey
Back-to-school spending is likely to remain flat or fall slightly this year as cash-strapped parents, hard hit by inflation, pull back on electronic purchases in favor of value, a new survey finds. Citing consumer research, Deloitte said consumers could spend about $586 per student from kindergarten through 12th grade, or $31.3 billion. By 2023, it […]
Amazon Prime Day spending expected to surpass $14B, breaking record
Data analytics firm Adobe said on Monday that shoppers could spend a record $14 billion during Amazon’s two-day online sale this week, known as Prime Day. The shopping frenzy, which begins on Tuesday, is expected to be about 10.5 percent higher than last year and will serve as a key barometer of the crucial back-to-school […]