Biden's big bet on electric cars. Will Inflation Reduction Act pay off?
Synopsis by CNN Sep 20 22
President Joe Biden expressed optimism in the direction of the US economy, saying America will be able to rein in historically high inflation and that he hopes ...Read full article 
CNN: President Biden says America will get inflation under control. But it won’t be easy
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| Last Updated | Sep 20 22 |
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Biden's big bet on electric cars. Will Inflation Reduction Act pay off?: Joe Biden wants electric vehicles here to run on American batteries. He’s offering...
houstonchronicle.com/business/energy/article/Biden-s-big-gamble-on-electric-cars-17447728.php
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Biden's big bet on electric cars. Will Inflation Reduction Act pay off?: Joe Biden wants electric vehicles here to run on American batteries. He’s offering...
houstonchronicle.com/business/energy/article/Biden-s-big-gamble-on-electric-cars-17447728.php
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.
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/
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
nytimes.com/2024/04/18/business/mortgage-rates.html
Social Security cost of living boost in 2025? Early estimate calls for 2.6% increase
freep.com/story/money/personal-finance/susan-tompor/2024/04/18/how-high-could-inflation-drive-social-security-cola-hike-in-2025/73327853007/
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
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
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/
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/
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
UN Security Council: USA blocks full UN membership for Palestine: The application for full membership of the United Nations for Palestine was submitted 13 years ...
de.euronews.com/2024/04/19/un-sicherheitsrat-usa-palaestina
Quick Glance: US Blocks UN Resolution for Palestinian Full Membership
- In the Security Council, 12 countries voted for a UN resolution recommending full Palestinian membership, with the US opposing and two countries abstaining.
- The US argued that Palestinian membership should result from negotiations between Israel and Palestinians to enable a two-state solution.
- The Palestinian delegation emphasized that UN membership is a crucial step for peace in the region and criticized the Israeli government for its rejection.
- Israel rejected the resolution and warned of its potential impact on future dialogues, especially in light of the recent escalation of violence in Gaza.
US 'not involved in any offensive operation' after Israel carries retaliatory attacks against Iran
wionews.com/world/blinken-says-us-not-involved-in-any-offensive-operation-713037
Bolton hits Biden for putting ‘enormous pressure’ on Israel to not ‘do more’ to Iran
thehill.com/policy/international/4606975-bolton-hits-biden-pressure-israel-iran-strike-response/
WATCH LIVE: Biden delivers remarks during campaign event at IBEW union conference
pbs.org/newshour/politics/watch-live-biden-delivers-remarks-during-campaign-event-at-ibew-union-conference
Trump loses bid to halt Jan. 6 civil cases: Donald Trump has lost a bid to pause a string of lawsuits accusing him of inciting the U.S. Capitol attack ...
apnews.com/article/trump-capitol-riot-jan-6-civil-lawsuits-7f80a140e728247ea5ec8db9d4d46eb2
Opinion | Gaza Is Biden’s War Now: The president didn’t start the war in the Middle East. But now it could define his campaign — and his legacy.
nytimes.com/2024/04/19/opinion/biden-gaza-war.html
Man setting himself ablaze in NYC is a scary reflection of our new extremist politics | Opinion
sacbee.com/opinion/article287854070.html
GOP impeachment efforts hit brick wall: Republican impeachment efforts against President Biden and his Cabinet appear to have hit a brick wall after the Senate ...
trib.al/W63HWrn
Brooks and Capehart on if Democrats will save Johnson's speakership: New York Times columnist David Brooks and Washington Post associate editor Jonathan ...
pbs.org/newshour/show/brooks-and-capehart-on-if-democrats-will-save-johnsons-speakership
Trump’s increasingly charged criminal trial: This case was always bound to have major political implications. Here’s what we can say so far.
washingtonpost.com/politics/2024/04/18/campaign-moment/
Quick Glance: Twelve Jurors Seated in Trump's Hush Money Trial
- A jury of 12 individuals was empaneled on Thursday in the landmark hush money trial of former President Donald Trump, bringing the proceedings closer to opening arguments and the commencement of weeks filled with compelling testimonies.
- The upcoming trial is anticipated to present unfavorable testimonies regarding Trump's personal life pre-presidency, including accusations of manipulating business records to suppress narratives in the final days of the 2016 election surrounding his intimate relationships.
- Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.
- The selection of the jury holds paramount significance in any criminal proceeding, particularly so when the accused is a former president and the presumed Republican candidate. Potential jurors have undergone extensive scrutiny concerning their online presence, personal backgrounds, and political stances as legal representatives and the judge meticulously scrutinize for partialities that could compromise their impartiality.
Bear cub recovering after being dropped by bystander who picked it up, took photos
abcnews.go.com/US/bear-cub-recovering-after-dropped-bystander-picked-photos/story
Mike Pence: U.S. will continue to support Ukraine: Former U.S. vice president Mike Pence is confident that U.S. military support for Ukraine is forthcoming ...
euronews.com/2024/04/19/mike-pence-us-will-continue-to-support-ukraine
Kennedy Family to Endorse Biden, in a Show of Force Against RFK Jr.: Well-known members of the storied political family endorsed the president in Philadelphia ...
nytimes.com/2024/04/18/us/politics/biden-kennedys-rfk-jr.html
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.
Trump’s court conduct gives Democrats a ‘Sleepy Joe’ retort : Democrats, including President Biden’s campaign, have been eager to promote reports that former ...
washingtonpost.com/politics/2024/04/19/biden-trump-court-sleeping/
Democrats in Trump Districts Are Outraising Republicans in Biden Districts: Campaign committees for the five Democrats who represent districts that voted for ...
time.com/6969222/democrats-republicans-fundraising-crossover-districts/
Jesse Ventura claims he could beat Biden, Trump in hypothetical match-up: Former Minnesota Gov. Jesse Ventura (I) said he could beat both President Biden and ...
thehill.com/homenews/campaign/4603958-jesse-ventura-claims-he-could-beat-biden-trump-in-hypothetical-matchup/
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.
Stephen A. Smith slams Trump hush money trial: ‘I want him to lose the right way’
thehill.com/regulation/court-battles/4604091-stephen-a-smith-slams-trump-hush-money-trial-i-want-him-to-lose-the-right-way/
Cruz: Democrats tossed ‘two centuries of precedent’ by rejecting Mayorkas articles of impeachment
trib.al/Q7PAWBb
NC governor says Biden can win state: North Carolina Gov. Roy Cooper (D) said Wednesday he thinks President Biden can win his state in this year’s upcoming ...
trib.al/9QpyWxv
Trump jury is chosen; Democrats advance Johnson’s aid plan: The latest news in US politics, with coverage of Joe Biden and the Democrats, Donald Trump and the ...
economist.com/in-brief/2024/04/19/trump-jury-is-chosen-democrats-advance-johnsons-aid-plan
Chicago's response to migrant influx stirs longstanding frustrations among Black residents
apnews.com/article/chicago-migrants-black-latino-biden-immigration-ab8d7f22eea423d86fb350665b9e66f6
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.
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/
Harvard poll: Biden’s slipping with young voters but still leads Trump in the 18-to-29 bracket
bostonglobe.com/2024/04/19/metro/harvard-poll-bidens-slipping-with-young-voters-but-still-leads-trump-in-the-18-to-29-bracket/
America’s moves against Chinese biotech will hurt patients at home : The motives behind the BIOSECURE act are muddy
economist.com/leaders/2024/04/18/americas-moves-against-chinese-biotech-will-hurt-patients-at-home
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.
Only 9 percent of young Americans say US ‘headed in the right direction’: Survey: Only 9 percent of young Americans believe the U.S. is headed in the right ...
thehill.com/homenews/administration/4602246-only-9-percent-of-young-americans-say-us-headed-in-the-right-direction-survey/
College is hard enough — try doing it while raising kids: More than 5 million college students are also parents. But many colleges do little to support them ...
npr.org/2024/04/18/1243709966/college-student-parents-child-care-costs
Colbert’s ‘Late Show’ to air live from Chicago during Democratic convention: Comedian Stephen Colbert’s “The Late Show” is headed to Chicago for the Democratic ...
thehill.com/blogs/in-the-know/4603541-colberts-late-show-to-air-live-from-chicago-during-democratic-convention/
Why a potential TikTok ban is alive again in Congress, and what’s next: A House plan to merge legislation targeting TikTok with foreign aid could fast-track ...
washingtonpost.com/technology/2024/04/19/tiktok-ban-bill-congress-foreign-aid-vote/
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.
Biden's latest student loan handouts could cost as much as $750B: A new analysis by the Committee for a Responsible Federal Budget found President Biden's latest ...
foxbusiness.com/politics/bidens-latest-tudent-loan-handouts-could-cost-750-billion
The politics of younger voters are less exceptional than they used to be: Polls continue to show that President Biden retains an advantage with voters under 30 ...
washingtonpost.com/politics/2024/04/18/biden-younger-voters-polling/
Biden camp decides not to take the bait on Trump’s stormy trial: The president and his team plan a judicious approach to the courtroom drama engulfing their ...
politico.com/news/2024/04/18/bidens-response-trump-democrats-00152940
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
U.S. hits Iran with new sanctions while urging Israel against military response: On Thursday, President Biden and Israeli Prime Minister Netanyahu’s top national ...
pbs.org/newshour/show/u-s-hits-iran-with-new-sanctions-while-urging-israel-against-military-response
Was Biden's uncle eaten by cannibals near New Guinea in World War II? Here's what the president said.
usatoday.com/story/news/politics/2024/04/18/joe-biden-uncle-cannibals-world-war-ii/73371324007/
Concern over climate change grows among Americans, AP-NORC poll finds: A poll from The Associated Press-NORC Center for Public Affairs Research shows that 45% of ...
apnews.com/article/america-ap-norc-poll-climate-change-election-f9943ab6a37674ef2345f4041618cf5e
Biden sells blue-collar workers the American Dream of a failing China: In some of his harshest comments ever made about China, Biden called the country ...
businessinsider.com/biden-sells-blue-collar-workers-american-dream-failing-china-steel-2024-4
Ukraine weapons package ‘ready to go’ once aid bill clears Congress: It will take less than a week, U.S. officials say, for a resupply of some weapons to reach ...
washingtonpost.com/national-security/2024/04/19/ukraine-us-weapons-house-aid-bill/
Some Latinos say immigrants hurt their social status, research shows: The findings come as civil rights advocates worry about rising anti-immigrant sentiment.
axios.com/2024/04/18/latino-immigrants-election-policy-deportation-discrimination
Latest Biden chip deal highlights U.S. semiconductor successes: Samsung is the latest beneficiary of Washington’s efforts to shore up precarious supply chains ...
japantimes.co.jp/business/2024/04/19/tech/us-chips-act-analysis/
Inflation, wages, and interest rates — the truth about Biden’s economy: Joe Biden has presided over record job creation, historically low unemployment ...
vox.com/24134257/biden-economy-inflation-wages-interest-rate
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
Republicans Are Determined to Keep Credit Card Late Fees High: House and Senate Republicans have moved to block new consumer protection rules aimed at curbing ...
rollingstone.com/politics/politics-news/republicans-block-credit-card-late-fees-1235006519/
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
Michigan's largest, most diverse county could prove decisive in 2024 presidential election
freep.com/story/news/politics/2024/04/19/michigan-wayne-county-biden-trump-presidential-election-2024/72629743007/
Biden’s Uncle Probably Wasn’t Eaten by Cannibals, Actually: The president seemed to suggest that cannibalization explained why his relative’s remains were never ...
thedailybeast.com/bidens-uncle-probably-wasnt-eaten-by-cannibals-actually
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UK House Speaker Johnson moving forward with Ukraine aid bill despite GOP hardliner opposition - Euromaidan Press
euromaidanpress.com/2024/04/18/uk-house-speaker-johnson-moving-forward-with-ukraine-aid-bill-despite-gop-hardliner-opposition/
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.
House Bill Ties TikTok Sale to Aid for Ukraine and Israel: Speaker Mike Johnson puts his job at risk and cobbles together legislation President Biden supports ...
trib.al/QZZMWlK
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/
Top Ohio Republican legislator says Biden ballot problem ‘is going to be resolved’
cleveland.com/news/2024/04/top-ohio-republican-legislator-says-biden-ballot-problem-is-going-to-be-resolved.html
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
The Mayorkas Impeachment Trial Was a Joke: Republicans hoped for a messaging opportunity against Biden’s border policies by impeaching Alejandro Mayorkas ...
nymag.com/intelligencer/article/the-mayorkas-impeachment-trial-was-a-joke.html
The Democrats have a Joe Biden problem: The Democrats dare to hope that this week will be a study in contrasts. On their side stands President Joe Biden ...
spectator.co.uk/article/trump-has-stolen-a-march-on-biden/
Quick Glance: Trump Narrows Gap with Young Voters, Biden's Lead Shrinks - Survey Results
- A new poll shows that former President Donald Trump continues to reduce his deficit with young voters compared to President Joe Biden.
- In the Harvard Youth Poll released on Thursday, Biden leads among 18- to 29-year-olds with 45 percent compared to 37 percent for Trump, while 16 percent are undecided.
- Biden holds a significant lead among likely voters who are non-white or female. He outperforms Trump by 47 points among college graduates and by 23 points among students.
- The survey also indicates that Trump's younger supporters are much more enthusiastic about the former president than their peers who support Biden, and that Biden's approval rating among young adults is only at 31 percent.
Watch live: Senate dismisses all impeachment charges against Mayorkas: The Senate has dismissed all impeachment charges against Homeland Security Secretary ...
apnews.com/article/mayorkas-senate-impeachment-trial-democrats-29aa775c0e866f4160f320583f261a72
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.
Philippines says decision to strengthen ties with Japan, US a 'sovereign choice': The Philippines' decision to ramp up ties with Japan and the United States is a ...
reut.rs/4b08uiE
Biden seeks to level economic playing field with China, promises to protect U.S. Steel - UPI.com
upi.com/Top_News/US/2024/04/17/Biden-Steelworkers-speech/5351713407187/
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
BREAKING: The US Senate dismissed both charges of illegal conduct by Homeland Security Secretary Alejandro Mayorkas, as Democrats successfully defended ...
reut.rs/3U4exM9
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
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.
Afghanistan: The latest on the Taliban takeover: Since the Taliban took power on August 15, 2021, living conditions for girls and women have deteriorated ...
nzz.ch/international/taliban-herrschaft-in-afghanistan-uno-beklagt-1600-menschenrechtsverstoesse-bei-inhaftierungen-durch-taliban-ld.1541939
Biden: ‘It never occurred’ to Trump to take competitive stance on China: President Biden argued that it never occurred to former President Trump to take a ...
trib.al/Mkkwgad
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
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.
Biden calls on trade rep to consider tripling tariffs on Chinese steel: The White House on Wednesday rolled out a slew of actions intended to protect the U.S ...
thehill.com/homenews/administration/4598293-biden-calls-on-trade-rep-to-consider-tripling-tariffs-on-chinese-steel/
Quick Glance: Biden vows to keep U.S. Steel in American hands
- President Joe Biden emphasized in a speech in Pittsburgh his commitment to keeping U.S. Steel in American hands and cracking down on unfair Chinese trade practices while lauding his successes in creating jobs and expanding manufacturing in the U.S.
- The United Steelworkers recently endorsed the president for re-election, and Biden has sided with the union in opposing the sale of U.S. Steel to Japanese company Nippon Steel Corp.
- The president announced plans to triple the existing tariffs on Chinese steel and aluminum to ensure fair competition for American workers, while speaking out against China's unfair trade practices.
- Despite a growing economy, perceptions of the economy remain Biden's major weakness, as critics question his policies and opponents highlight ongoing economic challenges.
In surprise, Biden faces real threat from Trump with Hispanic voters: When President Biden visited a Mexican restaurant in Phoenix, Ariz., last month ...
thehill.com/homenews/campaign/4597632-in-surprise-biden-faces-real-threat-from-trump-with-hispanic-voters/
Why Biden Should Not Debate Trump: The networks want their show, but to give the challenger equal status on a TV stage would be a dire normalization of his ...
theatlantic.com/ideas/archive/2024/04/joe-biden-donald-trump-presidential-debate/678079/
Opinion | Is Jan. 6 the Political Winner Democrats Think It Is?: A Supreme Court ruling against the government could shift the focus to prosecutorial overreach.
wsj.com/articles/is-jan-6-the-political-winner-democrats-think-supreme-court-prosecutorial-overreach-8cc8e9ce
Sen. Robert Peters: Chicago is ready for the Democratic National Convention: Thanks to progress made by President Joe Biden and Democrats at the state and local ...
chicagotribune.com/2024/04/17/opinion-chicago-preparations-democratic-national-convention-dnc/
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