‘Triple spending’: Zimbabweans bear cost of changing to new ZiG currency – Al Jazeera English
Harare, Zimbabwe – At a shopping center in Glenview, a working-class downtown area in Zimbabwe’s capital Harare, carpenter Arnold Mtiri stops to buy a two-liter (half-gallon) Mazoe raspberry drink. The price tag said $3.70. Due to Zimbabwe’s unstable currency and years of economic crisis, most products are priced in the more stable US dollar, and […]
Congressional minority caucuses call for data on government spending on contractors
A tri-party caucus in Congress called on the Small Business Administration (SBA) to release complete federal contract spending data disaggregated by race and ethnicity. The chairs of the Congressional Asian Pacific American Caucus (CAPAC), the Congressional Black Caucus (CBC), and the Congressional Hispanic Caucus (CHC), as well as Representative Barbara Lee (D-Calif.), lead 40 Democrats. […]
CORRINNE CARLSON: Biden’s Education Spending Puts Critical Race Theory Over Real Learning
If President Joe Biden secures a second term, brace for a ramp-up in radical policies and hyper-partisanship. Throughout his first four years, he has shamelessly championed controversial and anti-American ideologies, and it seems he has no intention of stopping now: His newly unveiled budget proposal for next year is packed to the brim with grants to the […]
Mike Johnson Voting with Democrats on FISA, Spending ‘Abdicating the Power of the Purse’
During this week’s broadcast of FNC’s “Sunday Morning Futures,” Sen. Rand Paul (R-Ky.) said House Speaker Mike Johnson (R-Louisiana) had two important topics to discuss: foreign intelligence surveillance. Criticized for voting in line with Democrats to update the law (FISA) last week, and last month, a $1.2 trillion budget proposal was released. Paul acknowledged that […]
Los Angeles in hot water over for spending hundreds of millions on worsening homeless crisis
Gov. Gavin Newsom’s Council on Homelessness puts local governments over state audit report that reveals California fails to track how billions of dollars are spent to address the homelessness crisis In the same week, the Los Angeles City Council agreed to pay significant restitution. An outside company paid $2.2 million to audit its program. Last […]
Norway’s announcement is a reminder that defense spending is a NATO success story
Last week, the Norwegian government presented a new long-term defense plan that, if adopted, would double The country’s defense budget will reach that size in just over a decade. Norway’s plan was announced shortly after the country announced in March that: Plans to spend 2% of GDP on defense in 2024achieved NATO benchmarks two years […]
Ag Sec’y Vilsack on Inflationary Pressure from ‘Inflation Reduction Act’ Spending: The Law’s ‘Paced’
On Friday’s broadcast of CNBC’s “Squawk Box,” Agriculture Secretary Tom Vilsack said in response to a question about whether Inflation Control Act spending would create inflationary pressures. It’s the pace. All this money did not suddenly appear in the economy. ” Co-host Becky Quick said:[I]In the meantime, there’s a good chance that investments from your […]
Spending in ‘Inflation Reduction Act’ Will Make It Harder to Lower Inflation
On Friday’s CNBC broadcast of “Squawk on the Street,” BlackRock CEO Larry Fink said it will be difficult to achieve 2% inflation, in part because “we have the CHIPS Act, the Infrastructure Act, And we have $1 trillion in fiscal stimulus in the Infrastructure Act.” It’s an IRA. ” “Even if everyone was excited, it […]
House GOP ‘musical chairs’ underway on powerful spending committee
There is upheaval among Republican spending cardinals on the powerful House Appropriations Committee. Republicans have appointed Rep. Tom Cole (R-Okla.), a prominent negotiator, to craft 12 government funding bills a year following the resignation of retiring Rep. Kay Granger (R-Texas). He announced that he has been elected as the new chairman of the committee with […]
TERENCE P. JEFFREY: Chuck Schumer Really Loves Spending Your Tax Dollars
Back on May 30, 2023, after then-Speaker Kevin McCarthy cut a deal with President Joe Biden to suspend any limit on the federal debt through all of 2024, Senate Majority Leader Chuck Schumer praised the deal as an act of “responsible” government. “Again, nobody got everything they wanted,” said Schumer, “but this bill is the […]