Congress recently approved President Donald Trump’s request to claw back $9.4 billion in previously approved funding. Although the rescissions bill reflected savings from deep cuts to foreign aid, its passage does not mean the United States is, or should be, retreating from using effective soft power tools to advance American interests abroad. Trump’s military strikes […]
Inflation in the Federal Reserve's preferred measurement ticked up to a 2.6-percent annual increase in June from 2.3 percent as cost increases from President Trump’s tariffs make their way into the economy. The increase in the Commerce Department’s personal consumption expenditures (PCE) price index exceeded economists’ expectations of a 2.5 percent increase. Taking out the...
The main threat to the U.S. economy stems from the unprecedented economic policy uncertainty associated with tariffs and prospective large federal budget imbalances.
President Trump on Thursday blasted Federal Reserve Chair Jerome Powell, lodging insults at the head of the central bank for opting again to not lower interest rates. “Jerome ‘Too Late’ Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair,”...
President Trump said early Thursday that Canada’s move to recognize a Palestinian state impedes progress on trade talks, just one day ahead of Trump’s Aug. 1 tariff deadline. “Wow! Canada has just announced that it is backing statehood for Palestine,” the president wrote in a post on Truth Social shortly after midnight. “That will make...
Maryland House of Delegates member David Moon is introducing legislation to automatically redraw the state's congressional districts if another state redraws their lines more than once this decade, in response to the potential for states to manipulate election results.
Progressive veterans organization VoteVets backed two House candidates challenging Reps. Lauren Boebert (R-Colo.) and Jeff Crank (R-Colo.) on Thursday. The group, which aims to elect Democratic veterans to public office, endorsed Eileen Laubacher, who is challenging Boebert in the state’s 4th Congressional District, and Jessica Killin in the 5th Congressional District. Both districts have large...
Senator Elizabeth Warren (D-Mass) on Thursday will press West Virginia state Senator Mike Stuart (R) about how his beliefs on topics like vaccines and abortion will impact how he potentially serves as general counsel of the Department of Health and Human Services. Stuart supported a state bill that would have allowed for exemptions in West...