The People’s Republic of China is an oppressive place with a government that doesn’t allow you to say anything bad about it. President Xi Jinping censors criticism on any issue from poverty, to brutal COVID-19 lockdowns, to state-sanctioned massacres, to anything that might reveal that he doesn’t care about his people's well-being.
In line with investor expectations, the Federal Reserve decided to pause its interest rate hike campaign at its June Federal Open Market Committee meeting. However, the Fed's Summary of Economic Projections indicates the central bank will pass another two rate hikes this year. The current interest rate target of 5% to 5.25% would reach the terminal rate of at least 5.5% to 5.75% by the year's end, according to the overwhelming majority of meeting participants.
House Republicans on Wednesday approved a bill that seeks to increase congressional authority over the federal rulemaking process, a move that would usurp power from government agencies in favor of elevating elected lawmakers. The legislation — titled the Regulations from the Executive in Need of Scrutiny Act, or REINS Act — cleared the chamber in a...
Facing a stronger-than-expected economy and sticky inflation in core prices, the Federal Reserve signaled Wednesday it’s going to hike interest rates two more times before the year is through despite taking a break in June. The June pause marks the first interval in one of the fastest quantitative tightening cycles in the history of the...
First lady Jill Biden on Wednesday warned against voting for President Trump, saying "we've all lived through" President Biden’s top political rival once before. “We know what’s in store if these MAGA Republicans win because we’ve all lived through this,” Biden said during a fundraiser for the Biden Victory Fund in Los Angeles. “Take yourself...
House Democratic negotiators on Wednesday criticized a GOP-backed agriculture funding bill for fiscal 2024 while accusing Republicans of violating a spending deal struck between President Biden and Speaker Kevin McCarthy (R-Calif.). During House Approprations subcomittee hearing Wednesday, lawmakers clashed for hours over proposals offered by Republicans to fund agriculture and rural development programs, the Food...
Wall-to-wall coverage of former President Trump’s arraignment this week has given the Republican presidential primary frontrunner a gift of sorts in the form of non-stop media attention. Even as Trump finds himself in unprecedented legal trouble over his alleged mishandling of classified documents, he is also settling into a familiar spot: Centerstage of the...
Miami Mayor Francis Suarez (R) filed to run for president on Wednesday, becoming the latest candidate to jump into a Republican primary field dominated by former President Trump. The Miami mayor had been teasing a campaign announcement for weeks. A pro-Suarez super PAC, SOS America, put out a video earlier this week touting Suarez's record...