Democrats see Supreme Court leverage in spending bills
Senate Democratic leaders see the Supreme Court’s annual budget bill as a way to force Supreme Court Justice John Roberts into ethics reforms in the wake of the controversy surrounding conservative Justices Samuel Alito and Clarence Thomas. Specifically, some Democrats want to tie the Supreme Court’s budget to the judges’ adoption of an ethics rule […]
We need to find solutions to the mounting spending crisis
The House will soon debate the first of 12 annual appropriations bills, a measure to fund the government for another year, and the usual fuss is expected over defense and non-defense priorities, policy riders, earmarked budgets, etc. Observers agree that the process will be rife with disagreements and will not be conclusively concluded until after […]
EXCLUSIVE: House GOP Touts Removal Of ‘Far-Left’ Initiatives In Defense Spending Bill
Republicans on the House Armed Services Committee (HASC) are touting provisions to the annual defense spending bill targeting several left-wing policies and initiatives, according to a memo on the bill’s provisions obtained by the Daily Caller News Foundation. The HASC passed on May 22 its version of the National Defense Authorization Act (NDAA), an $883 […]
Consumer Spending Weakens in April
Inflation, high interest rates, and the depletion of excess household savings may finally be starting to take a toll on the economy. Commerce Department data released on Friday showed consumer spending rose 0.2% in April, the smallest increase in three months. Economists had expected a 0.4% increase. The slowdown in the main driver of U.S. […]
Rangers spending far too much time in defensive zone
SUNRISE, Fla. — The Rangers played more defensively than they probably wanted in Game 5 of the Eastern Conference finals against the Panthers, but not as well as they had in the previous two games. The Blueshirts kept the puck on their sticks more often, so they weren’t under siege and were able to control […]
GDP grew just 1.3% last quarter, consumer spending weaker than expected
The U.S. economy grew at a sluggish 1.3% annualized rate in January-March, the slowest quarterly growth rate since spring 2022, the government said Thursday, revising down its previous forecast. Consumer spending increased but at a slower pace than previously expected, suggesting that high interest rates and lingering inflation are putting pressure on household finances. The […]
Q1 GDP revised down on lackluster consumer spending
Consumer spending is slowing, dragging down the economy. (iStock) of Second estimate According to the Bureau of Economic Analysis (BEA), the forecast for real gross domestic product (GDP) for the first quarter of 2024 has been revised downward due to a larger-than-expected decline in consumer spending. BEA’s second estimate showed real GDP grew at an […]
Credit card spending the leading reason why 78% of Americans have debt regret: survey
Credit card debt is always at the back of some Americans’ minds, according to a recent survey. (iStock) A majority of Americans are feeling financial regret, according to a recent survey, as personal debt rises to an all-time high. According to Debt.com, about 78% of people said they have financial regrets, with 21% saying their […]
Congress Guts Budget Rules and Misses Chance to Cut Spending
Republicans in Congress missed a huge opportunity to begin putting our country’s fiscal house in order. Inflation caused by runaway government spending and money printing was the top issue on the minds of voters in the November midterm elections. The Left’s reckless pursuit of these disastrous policies has been a boon for fiscally conservative politicians […]
U.S. Spending On Interest Tops National Defense, Medicare
Congress has spent more money on interest so far this year than it has spent on both national defense and Medicare. Spending on net interest hit $514 billion in the first seven months of fiscal year 2024. That’s more than spending on both national defense ($498 billion) and Medicare ($465 billion). Medicare is the federal […]