Inflation ticked higher once again in March, with consumer prices up 0.4 percent over the previous month and 3.5 percent compared to one year earlier. The latest data marks the third month in a row that the consumer price index (CPI), a closely watched gauge of inflation, has come in hotter than expected, likely throwing...
Rep. Jared Moskowitz (D-Fla.) fired back at former President Trump over his latest remarks about Jewish Democrats Wednesday. Trump said any Jewish person who votes for Democrats or President Biden “should have their head examined” in remarks to reporters after landing in Georgia for a fundraiser. Moskowitz pushed back on the remark and referenced...
President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve. Biden last month predicted the Federal Reserve will cut interest rates, a move that could give the president a boost ahead of November's election while he campaigns on his work...
A group of House Republicans on Wednesday tanked a procedural vote to begin debate on a bill to reauthorize the nation’s warrantless surveillance powers, leaving the chamber scrambling on how to address the important spy tool before it expires next week. Nineteen Republicans joined Democrats in voting against a rule for legislation to renew Section...
Mortgage rates jumped to their highest reading since November as the timeline for highly anticipated interest rate cuts stretches deeper into 2024. The average 30-year fixed mortgage rate hit 7.29 percent Wednesday, the highest reading since November, according to Mortgage News Daily. The spike followed the release of new consumer price index inflation data for...
President Biden encouraged residents of Arizona to vote for his reelection Wednesday in response to a state Supreme Court ruling that upheld an 1864 law and made performing abortion a felony. Biden at a press conference with the Japanese prime minister was asked what he would say to the people of Arizona in the aftermath of the...
A Wednesday House hearing examining the botched rollout of new Free Application for Federal Student Aid (FAFSA) forms offered the Department of Education an earful as witnesses and lawmakers from both parties lamented on the “crisis of credibility” the department is facing over the process. The hearing dug into the months of delays the...
Former President Trump and Speaker Mike Johnson (R-La.) are set to hold a joint press conference Friday focussed on election integrity, a source familiar with the matter confirmed to The Hill, an appearance that comes as one of Trump’s close allies is threatening to oust the Speaker from the top job. The press conference is...
Multiple Hollywood stars, including Sean Penn, Barbra Streisand and Mark Hamill, are calling on Congress to act on further U.S. support for Ukraine in an opinion piece for CNN. “[W]e are letting the Ukrainians down,” the wrote in the piece, which was also signed by comedian Kate McKinnon, film director J.J. Abrams and novelist Jonathan...