rise in price level in an economy over time
Live news: US stocks notch first 4-day losing streak since start of January
ft.com/content/d53fc2e5-66f4-476a-a4dc-4a2ddfbdee07
Four years after being rivals, Joe Biden and Bernie Sanders partner to push for lower prescription drug costs
cnn.com/2024/04/03/politics/biden-and-sanders-team-up-to-promote-efforts-to-lower-prescription-drug-costs-including-inhalers/
‘Centrist’ Senate departures create opening for better bipartisanship: So do the departures of these senators mean the end of bipartisanship? Not at all ...
thehill.com/opinion/congress-blog/4574797-centrist-senate-departures-create-opening-for-better-bipartisanship/
President Biden: "My predecessor and some of you here seek to bury the truth about January 6. I will not do that. This is the moment to speak the truth .. ... Show more nbcnews.to/3PeGvmW
‘HARDWORKING FAMILIES ARE STRUGGLING’: Alabama Republican Sen. Katie Britt unleashes on the soaring inflation, leaving Americans grappling with uncertainty as ... Show more
“Tonight, let’s all agree once again to stand up for seniors,” Biden says in his State of the Union address.
“If anyone here tries to cut Social Security or ... Show more nbcnews.to/3PdSpNT
LIVE: Jerome Powell testifies on monetary policy in Senate hearing
Federal Reserve Chair Jerome Powell gives Senate Banking Committee its biannual monetary ... Show more #JeromePowell #Senate #Congress #WashingtonDC #inflation www.reuters.com/
'Biden has contaminated the historic public support for LEGAL immigration': Opinion, comment and editorials of the day
theweek.com/politics/legal-immigration-support-falls-under-Biden
'Shrinkflation' fight: Dems launch bill saying shoppers pay more for less at stores
usatoday.com/story/money/2024/02/28/bob-casey-shrinkflation-bill/72748934007/
Shrinkflation Fight Taken Up by U.S. Senate: Democratic senators offer the Shrinkflation Prevention Act of 2024 to fight smaller amounts being sold at the same ...
inc.com/bruce-crumley/shrinkflation-fight-taken-up-by-us-senate.html
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Cruz: Democrats tossed ‘two centuries of precedent’ by rejecting Mayorkas articles of impeachment
thehill.com/homenews/senate/4604151-cruz-democrats-tossed-two-centuries-of-precedent-by-rejecting-mayorkas-impeachment/
Democratic Sen. Jon Tester hopes to secure another win in deep-red Montana : Tester is the last Democrat holding statewide office as Republicans have dominated ...
npr.org/2024/04/19/1245283053/tester-montana-sheehy-trump-senate-race
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Senate Advances FISA’s Contested Section 702, Which Has Led to Warrantless Spying on U.S. Citizens
democracynow.org/2024/4/19/headlines/senate_advances_fisas_contested_section_702_which_has_led_to_warrantless_spying_on_us_citizens
Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Forecast for Kari Lake turns chilly after Arizona's abortion disaster: Opinion: Ruben Gallego really should send a thank you note to Arizona Republicans for ...
azcentral.com/story/opinion/op-ed/laurieroberts/2024/04/18/kari-lake-lose-senate-abortion-sabato-crystal-ball/73373246007/
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/
Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...
reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/
Quick Glance: Escalating Middle East Tensions Shake World Markets
- Reports of an Israeli attack on Iranian soil potentially dragging the Middle East into a deeper conflict have rattled world markets with geopolitical risks.
- Stocks fell, oil briefly rose over $3 per barrel, and safe-haven government bonds rallied.
- The heightened tensions bring fresh uncertainty and fuel concerns that high oil prices and potential supply disruptions will keep inflation high.
- Energy stocks benefit from higher oil prices, while demand for safe-havens like US or German bonds rises amid renewed inflation risks from rising oil.
Here's what's in the House foreign aid bills: The House bills largely mirror a foreign aid package that passed the Senate in February, with aid to Ukraine ...
npr.org/2024/04/19/1245579555/house-republicans-aid-israel-ukraine-tiktok
Quick Glance: Ukraine, Israel Aid Bill Advances in House
- The House has advanced a foreign aid package of $95 billion for Ukraine, Israel, Taiwan, and humanitarian support with rare bipartisan support.
- Speaker Mike Johnson implemented a strategy to secure support for wartime funding, especially for Ukraine in its battle against Russia.
- President Joe Biden and even Republican presumptive presidential nominee Donald Trump have endorsed the speaker's efforts.
- To pass each bill, complex bipartisan coalitions need to be formed by Johnson due to his slim Republican majority in the House, relying on Democratic support.
Boeing in the spotlight as Congress calls a whistleblower to testify about defects in planes
apnews.com/article/boeing-whistleblowers-safety-senate-hearings-f8354ddddc6372e3337cd74b9ea264e3
Quick Glance: Boeing Whistleblower Calls for Grounding of All 787 Dreamliners
- Boeing quality engineer Sam Salehpour is urging the planemaker to ground all 787 Dreamliners worldwide, citing potential structural issues.
- Salehpour alleges that Boeing took shortcuts during the construction of the 787 and 777 jets, compromising aircraft safety.
- After raising internal concerns with Boeing, Salehpour claims he faced retaliation and witnessed unsafe assembly practices in another program.
- Boeing defends the 787 Dreamliner's quality, while the FAA investigates Salehpour's claims, emphasizing the importance of aircraft safety.
McCormick says New York Times article to contain ‘frivolous lies’ about his childhood
pennlive.com/politics/2024/04/mccormick-says-upcoming-new-york-times-article-to-contain-frivolous-lies-about-his-childhood.html
It Was Supposed to Be a Shocking Impeachment. Well, It Really Freakin’ Fizzled.: Inside the immigration showdown that never took off.
slate.com/news-and-politics/2024/04/immigration-impeachment-marjorie-taylor-greene-mayorkas-johnson-schumer-homeland-security.html
Quick Glance: Senate's Decision on Impeachment Charges Against Mayorkas
- The Senate rejected the impeachment charges against Homeland Security Secretary Alejandro Mayorkas, halting the House Republicans' effort to impeach the Cabinet secretary over his management of the US-Mexico border.
- With Democrats contending that the articles were unconstitutional, senators voted to dismiss both impeachment charges and conclude the trial.
- Senate Republicans had called for a full impeachment trial after the House narrowly voted in February to impeach Mayorkas for his border actions.
- Republicans argued that President Joe Biden was ineffective at the border, while Democrats suggested accepting a bipartisan Senate compromise instead of impeaching Mayorkas to reduce illegal immigrants.
Average mortgage holder spending record $2,800 on monthly payments: The median monthly mortgage payment jumped 11% in the past year due to surging interest rates ...
businessinsider.com/mortgage-payments-housing-market-interest-rates-house-prices-sales-2024-4
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
What Happens if a Powerful Surveillance Law Expires This Week?: Senators are under pressure to reject amendments to a House-passed bill so it can become law ...
nytimes.com/2024/04/18/us/politics/fisa-surveillance-warrantless-deadline-senate.html
Senate Democrats end Homeland Security secretary impeachment case. How Arizona's senators voted
azcentral.com/story/news/politics/arizona/2024/04/17/sinema-kelly-vote-to-end-impeachment-case-against-alejandro-mayorkas/73363468007/
Biden seeks to make Trump the face of anti-abortion movement: The Biden campaign is seeking to make former President Trump the face of the anti-abortion movement ...
thehill.com/homenews/campaign/4600427-joe-biden-donald-trump-abortion-roe-v-wade-abortion-ban/
Quick Glance: Arizona Republicans foil another effort to repeal 1864 abortion ban
- Arizona House Republicans once again thwarted an attempt on Wednesday to repeal the state's nearly complete abortion ban from 1864, leaving Democrats without a vote on their repeal bill for the second consecutive week.
- Despite facing pressure from influential conservatives, such as former President Trump and Senate hopeful Kari Lake, urging GOP leaders to lift the ban, the Republicans blocked the repeal.
- State House Democrats made a procedural maneuver to attempt to suspend House rules and bring the repeal bill to the floor for discussion. However, this action was rejected by the GOP majority, with only one Republican, Representative Matt Gress, crossing party lines to support bringing up the repeal bill.
- A similar endeavor to repeal the ban was obstructed by Republicans last week. Following persistent criticism of the law by Democrats both within and outside the state throughout the week, prominent figures like Trump and Lake recognized the political risks and advocated for a change in direction within the Legislature.
More Americans worried about climate change, but few think Biden's climate law will help, AP-NORC poll says
pbs.org/newshour/politics/more-americans-worried-about-climate-change-but-few-think-bidens-climate-law-will-help-ap-norc-poll-says
Far-right US Senate candidate tells crowd to ‘strap on a Glock’ before elections: Kari Lake of Arizona warned supporters of ‘intense’ election year in which ...
theguardian.com/us-news/2024/apr/17/kari-lake-gun-glock-election
US Senate kills the articles of impeachment against Alejandro Mayorkas: The US Senate made short work of the articles of impeachment against Homeland Secretary ...
saudigazette.com.sa/article/642186
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
The House Pushes for a TikTok ban, and Southern Africa Faces a Food Crisis: Plus, a brazen gold heist.
nytimes.com/2024/04/18/podcasts/tiktok-mayorkas-drought.html
Privacy Defenders Decry 'Spy Draft' in Section 702 Renewal Advanced by Senate: "It's not about who RISAA allows the government to spy on ...
commondreams.org/news/fisa-section-702-renewal
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Advertising heats up in Arizona Senate race, previewing a tough campaign: The ad war is heating up in the Arizona Senate race, with both sides launching digital ...
nbcnews.com/politics/2024-election/advertising-heats-arizona-senate-race-previewing-tough-campaign-rcna148260
Should you wait for interest rate cuts to buy a house?: Once interest rates fall, property prices would likely go up, but buyers could borrow more money ...
smh.com.au/property/news/should-you-wait-for-interest-rate-cuts-to-buy-a-house-20240418-p5fkv8.html
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
Kennedy family endorses Joe Biden for president in snub of RFK Jr: Kerry Kennedy compared Biden to her late father Robert F Kennedy - the former US senator and ...
bbc.com/news/av/world-us-canada-68851620
Quick Glance: Biden Receives Kennedy Family Endorsements in Philadelphia
- President Joe Biden received endorsements from at least 15 members of the Kennedy political family during a campaign stop in Philadelphia to undermine Donald Trump and marginalize the candidacy of independent Robert F. Kennedy Jr.
- Kerry Kennedy, daughter of former Attorney General Robert F. Kennedy, niece of former President John F. Kennedy, and sister of the current presidential candidate, delivered the endorsements in Philadelphia, calling Biden her hero.
- The decision to highlight the Kennedy family's support more than six months from Election Day indicates how seriously Biden's team is taking a long shot candidate using his last name's lingering Democratic magic.
- Biden used the event to keep up the pressure on Trump, emphasizing the importance of the election not for himself, but to keep Trump out, stating the race was significant due to the potential consequences if they lose this election. The Kennedy family endorsements for Biden were hardly a surprise, as prominent members of the Democratic family did not politically align with Kennedy Jr.
A Boeing engineer has told a US Senate hearing that the company is ‘putting out defective airplanes’ due to improper manufacturing methods.
The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html
TikTok ban Bill could be fast-tracked ahead of US House votes on Ukraine, Israel aid
channelnewsasia.com/world/tiktok-ban-us-congress-senate-joe-biden-ukraine-israel-aid-package-4272981
Quick Glance: ByteDance Given 24 Hours to Provide DSA Risk Assessment for TikTok Lite
- The EU demands TikTok owner ByteDance to submit a risk assessment for TikTok Lite within 24 hours to address compliance questions related to the Digital Services Act.
- EU's concerns focus on the launch of TikTok Lite, especially on a reward-linked engagement feature that could have a negative impact on young people's mental health.
- The EU has requested TikTok to provide more information on the risk assessment of the new program and the measures to mitigate systemic risks.
- The company has until April 26 to provide additional information before the EU decides on potential further steps, such as a formal investigation.
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
Thanks to a SuperPAC, McCormick leads Casey in fundraising. For now.: Sen. Bob Casey and Republican senate candidate Dave McCormick appear to be gearing up for ...
inquirer.com/politics/election/casey-mccormick-campaign-fundraising-2024-superpac-20240418.html
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
Iowa Republican lawmakers reach deal to speed up flat tax, lower rate to 3.8%: "We are accelerating the promised tax cuts, taking it lower and returning an extra ...
desmoinesregister.com/story/news/politics/2024/04/18/iowa-gop-republican-lawmakers-reach-deal-to-speed-up-flat-tax-lower-rate/73354584007/
Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Watch live: Senate Democratic primary election forum hosted by The Sun, FOX45, UB
baltimoresun.com/2024/04/19/watch-live-senate-democratic-primary-election-forum/
Former Gov. Bob Graham to lie in state at Old Capitol: Bob Graham, a two-term Florida governor who went on to serve in the U.S. Senate, will lie in state at the ...
sun-sentinel.com/2024/04/19/former-gov-bob-graham-to-lie-in-state-at-old-capitol/
What did Alejandro Mayorkas do? What to know about discarded impeachment case: The U.S. Senate dismissed the impeachment charges against Homeland Security ...
azcentral.com/story/news/politics/arizona/2024/04/19/what-happened-to-alejandro-mayorkas/73382718007/
The U.S. Senate Foreign Relations Committee unanimously approved the Resolve #Tibet Act (S.138), which is also known as the "‘Promoting a Resolution to the ... Show more
Iowa Boy Scouts abused as children will see more settlement money as lawmakers OK bill
desmoinesregister.com/story/news/politics/2024/04/19/iowa-lawmakers-approve-bill-helping-boy-scout-sexual-abuse-survivors-more-money-settlement/73373669007/
Republicans in Oklahoma House pass bill to allow state arrest of undocumented migrants
oklahoman.com/story/news/politics/government/2024/04/19/oklahoma-house-gop-immigration-bill-heads-to-senate-kevin-stitt/73374377007/
Bob Graham, ex-US senator and Florida governor, dies at 87: Former Florida Sen. Bob Graham, who chaired the Intelligence Committee following the 2001 terrorist ...
apnews.com/article/bob-graham-dies-obituary-florida-senator-governor-80c4f1609e314eff981fcfae7d0b32ba
Quick Glance: Bob Graham, Former US Senator and Florida Governor, Dies at 87
- Bob Graham, former U.S. Senator and two-term Florida Governor, has passed away at the age of 87.
- Graham, a prominent critic of the Iraq war and Chairman of the Senate Intelligence Committee post-9/11, was remembered by his family as a visionary leader and dedicated public servant.
- Known for his political quirks like 'workdays' and meticulous diary-keeping, Graham was an early opponent of the Iraq war and maintained good relationships with colleagues from both parties.
- Highly popular with Florida voters, Graham's political career spanned five decades, marked by electoral victories and significant contributions to education and environmental protection in the state.
US Senate Secures $6.1 Billion for Micron Technology Chip Plants, Boosting Manufacturing Sector in NY, Idaho
techtimes.com/articles/303719/20240418/senate-secures-6-1-billion-micron-technology-chip-plants-boosting.htm
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
coindesk.com/policy/2024/04/18/sen-lummis-itll-pay-to-choose-circle-over-tether-under-us-stablecoin-proposal/
Iowa mental health services will be overhauled under bill passed by lawmakers: Iowa's mental health and disability services are facing an overhaul under a plan ...
desmoinesregister.com/story/news/politics/2024/04/18/iowa-legislature-mental-health-disability-service-overhaul-passed-by-lawmakers/73340107007/
United Airlines says Boeing blowout cost it $200m: The carrier was forced to ground its Boeing 737 MAX 9 fleet for three weeks after a mid-air cabin blowout on ...
saudigazette.com.sa/article/642169
Quick Glance: United Airlines cuts 2024 aircraft delivery plan
- United Airlines has reduced its aircraft delivery expectations for the year due to Boeing delays.
- The company plans to lease 35 Airbus A321neos in 2026 and 2027.
- United Airlines incurred a $200 million loss due to the temporary grounding of the Boeing 737 Max 9 in January.
- The company exceeded Wall Street's expectations for the first quarter.
Senate advances bill on FISA Section 702 reauthorization: The US Senate has passed a cloture motion to begin voting on reauthorizing Section 702 of the Foreign ...
theverge.com/2024/4/18/24134196/senate-cloture-vote-fisa-section-702-surveillance
Current and former Boeing employees delivered stark warnings at two US Senate hearings on Wednesday (April 17) over safety culture and manufacturing quality at ... Show more thestartv.com/c/news cutt.ly/TheStar fb.com/TheStarOnline
As GOP divisions roil Congress, Kentucky legislative leaders maintain control ― mostly
courier-journal.com/story/news/politics/ky-general-assembly/2024/04/18/kentucky-republican-leadership-keeps-control-during-congress-division/73259576007/
Debate: The ethics and economics of keeping nonviolent elderly and gravely ill in prison
indystar.com/story/news/investigations/2024/04/18/indiana-compassionate-release-nonviolent-elderly-sick-inmates-failed-prison-incarceration-crime/71803436007/
Election denier Timothy Ramthun has launched a campaign for Wisconsin's 20th Senate District
jsonline.com/story/news/politics/elections/2024/04/18/election-denier-timothy-ramthun-launches-wisconsin-senate-campaign/73372031007/
In the Democratic primary for U.S. Senate, candidates are not worried about Jim Banks
indystar.com/story/news/politics/elections/2024/04/18/indiana-democrat-us-senate-primary-marc-carmichael-valerie-mccray-jim-banks/73261029007/
Why Gov. Stitt should sign bill to protect victims of domestic violence, human trafficking
oklahoman.com/story/opinion/columns/2024/04/18/opinion-stitt-should-sign-bill-to-protect-oklahoma-victims-of-domestic-violence-human-trafficking/73359761007/
Gerth: Kentucky's Republican Senate did something good. Now Stivers wants to screw it up
courier-journal.com/story/opinion/columnists/gerth/2024/04/18/kentuckys-republican-senate-did-something-right-by-killing-hb-509-open-records/73341003007/
Sen. Laphonza Butler isn’t just keeping a seat warm in Washington: Butler, appointed to replace Feinstein, launched a Youth Advisory Council and is exploring ...
ocregister.com/2024/04/17/sen-laphonza-butler-isnt-just-keeping-a-seat-warm-in-washington/
It Was Supposed to Be a Shocking Impeachment. Well, It Really Freakin’ Fizzled.: Inside the immigration showdown that never took off.
slate.com/news-and-politics/2024/04/immigration-impeachment-marjorie-taylor-greene-mayorkas-johnson-schumer-homeland-security.html
Quick Glance: Senate's Decision on Impeachment Charges Against Mayorkas
- The Senate rejected the impeachment charges against Homeland Security Secretary Alejandro Mayorkas, halting the House Republicans' effort to impeach the Cabinet secretary over his management of the US-Mexico border.
- With Democrats contending that the articles were unconstitutional, senators voted to dismiss both impeachment charges and conclude the trial.
- Senate Republicans had called for a full impeachment trial after the House narrowly voted in February to impeach Mayorkas for his border actions.
- Republicans argued that President Joe Biden was ineffective at the border, while Democrats suggested accepting a bipartisan Senate compromise instead of impeaching Mayorkas to reduce illegal immigrants.
BREAKING: The US Senate dismissed both charges of illegal conduct by Homeland Security Secretary Alejandro Mayorkas, as Democrats successfully defended ...
reut.rs/3U4exM9
'This is a criminal cover up': Ed Pierson, a former senior manager at Boeing, said the company continues to 'conceal the truth' about the safety of their ... Show more reut.rs/49HU4T2
America’s debt problem is storing up trouble for the rest of the world: The high and rising level of US government debt risks driving up borrowing costs around ...
cnn.com/2024/04/17/economy/america-debt-interest-rates/
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
LIVE: US Senate expected to swiftly end impeachment of Homeland Secretary Alejandro Mayorkas
twitter.com/i/broadcasts/1mnxepXEpzbJX
US Senate expected to swiftly end Mayorkas impeachment: The Democratic-majority U.S. Senate on Wednesday dismissed impeachment charges against President Joe ...
reuters.com/world/us/us-senate-expected-swiftly-end-mayorkas-impeachment-2024-04-17/
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Hugely expanded Section 702 surveillance powers set for US Senate vote: Opponents warn almost anyone could be asked to share info with Uncle Sam
theregister.com/2024/04/17/fisa_section_702/
Bob Graham, ex-US senator and Florida governor, dies at 87: Former Florida Sen. Bob Graham, who chaired the Intelligence Committee following the 2001 terrorist ...
apnews.com/article/bob-graham-dies-obituary-florida-senator-governor-80c4f1609e314eff981fcfae7d0b32ba
Quick Glance: Bob Graham, Former US Senator and Florida Governor, Dies at 87
- Bob Graham, former U.S. Senator and two-term Florida Governor, has passed away at the age of 87.
- Graham, a prominent critic of the Iraq war and Chairman of the Senate Intelligence Committee post-9/11, was remembered by his family as a visionary leader and dedicated public servant.
- Known for his political quirks like 'workdays' and meticulous diary-keeping, Graham was an early opponent of the Iraq war and maintained good relationships with colleagues from both parties.
- Highly popular with Florida voters, Graham's political career spanned five decades, marked by electoral victories and significant contributions to education and environmental protection in the state.
US Republican Kari Lake tells supporters: 'Strap on a Glock' as election nears: Republican U.S. Senate candidate Kari Lake, an ardent supporter of former ...
reut.rs/43YgqyF
Ossoff to USPS chief about mail woes: ‘You’ve got weeks ... to fix this.’: A frustrated Jon Ossoff did not hold back Tuesday in his questioning of the postmaster ...
ajc.com/politics/usps-delays-atlanta-us-senate-hearing-chief-grilling/V5DJ5JX4VZBTPD7ILDVGA5NUV4/
Wyden Says Spying Bill Would Force Americans to Become an 'Agent for Big Brother'
commondreams.org/news/wyden-says-spying-bill-would-force-americans-to-become-an-agent-for-big-brother
Meghan McCain blasts Kari Lake’s dangerous call to take up arms: Former 'The View' host Meghan McCain ripped GOP Senate candidate Kari Lake's ...
nydailynews.com/2024/04/17/meghan-mccain-blasts-kari-lakes-dangerous-call-to-take-up-arms/
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
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