While the Federal Reserve kept borrowing costs near zero for the decade following the Great Recession, government spending boomed and net interest costs on the national debt more than doubled. Then when COVID-19 hit, the Fed decided to finance the government's decision to inflate the national debt by nearly 40%.
It is part of democracy that people will disagree about policy and the actions of governmental bodies. Debating policy and government actions is at the heart of democracy.
Manhattan District Attorney Alvin Bragg (D) sued House Judiciary Chair Jim Jordan (R-Ohio) Tuesday, calling his investigation into Bragg’s prosecution of former President Trump a “transparent campaign to intimidate and attack” his office’s work. The suit, filed in federal court in New York, is the most aggressive push back yet from Bragg in response to...
One person was killed and multiple others were injured in a shooting near a funeral home in Washington, D.C., on Tuesday, police said. Police did not provide an exact number of victims, but said that at least one person had died and that three others were struck by gunfire and sustained what appear to be...
Democrats and even some Republicans have proposed a novel approach to a Texas judge's ruling against the abortion pill: Just ignore it. Behind the idea is a concept known as "enforcement discretion," which the Food and Drug Administration (FDA) regularly uses in order to make products more accessible. Lawmakers including Sen. Ron Wyden (D-Oreg.), Reps....
Ten House Republicans on Tuesday backed a lawsuit that seeks to overturn the latest omnibus spending bill by challenging the lower chamber’s use of proxy voting as unconstitutional. In an amicus brief, the lawmakers wrote in support of Texas Attorney General Ken Paxton’s (R) effort in court to block implementation of the mammoth $1.7 trillion...
A dozen Senate Democrats are pressing the Biden administration to take steps to help people facing food insecurity. Sen. Ed Markey (Mass.) and 11 other Senate Democrats sent a letter to Agriculture Secretary Tom Vilsack and acting Social Security Administration Commissioner Kilolo Kijakazi on Tuesday praising their agencies for their December announcement that they would...
With federal authorities warning people to avoid using public phone charging stations in places like airports, shopping malls and hotels, there are a number of steps people can take to protect their devices if they do need to use such charging ports. The warning came from the FBI and the Federal Communications Commission, which both...
After high-profile bank collapses sent shockwaves through the banking system last month, regulators also hold some concerns about digital wallets and money transfer apps that consumers often use as bank accounts. “I’m very worried," said Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), during a Tuesday event hosted by the Washington Post. "A...