The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate as inflation continues to remain elevated. The Fed’s decision not to change rates keeps the target range between 5.25% and 5.50%, the highest level since 2001, marking the sixth…
Read More Fed Keeps Rates Steady As Interest Cut Dreams Slip Away
Democratic California Gov. Gavin Newsom is far from completing his promise of increasing the number of housing units by 3.5 million in the state by 2025. Newsom promised in October 2017 amid his campaign for governor that he would help spur the construction and completion…
Read More California Gov. Gavin Newsom Promised To Build 3.5 Million Homes By 2025. He’s Not Even Close
The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality. Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the…
Read More Biden Admin Justifies Tax Hike Based On Racial Criteria
The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation. U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March…
Read More Mounting Evidence Is Pointing To A Nightmare Scenario For The U.S. Economy
Republican Virginia Gov. Glenn Youngkin and the state’s colleges and universities are in the midst of a fight over whether diversity, equity and inclusion (DEI) initiatives should be supported with tax-payer funding. The Youngkin administration in recent months has been in contact with the state’s…
Read More Glenn Youngkin And Virginia Universities Are In Bitter Battle Over Future Of DEI
The Federal Reserve’s preferred inflation gauge measured above expectations in March as the U.S. continues to see a surge in prices, among other concerning economic data, according to data from the Bureau of Economic Analysis (BEA) released Friday. The personal consumption expenditure (PCE) price index…
Read More Fed’s Preferred Inflation Gauge Surges Higher In Yet Another Worrying Sign For US Economy
California is billions of dollars in debt to the federal government to pay for its unemployment insurance trust at a time when the state’s expenses far exceed its income. The state’s government owes almost $21 billion to the federal government at an interest rate of…
Read More California Is Taking On Huge Debts To Pay Jobless Workers As Its Deficit Gets Bigger
A current Boeing employee warned Republican Missouri Sen. Josh Hawley that the company’s planes have increased risk factors due to poor company safety standards at a hearing on Wednesday of the Senate Committee on Homeland Security and Government Affairs. Boeing quality engineer Sam Salehpour, in…
Read More Missouri Sen. Josh Hawley Asks Boeing Quality Engineer If Company’s Planes Are ‘Safe’
The Equal Employment Opportunity Commission (EEOC) issued its final rule on Monday to enforce the Pregnant Workers Fairness Act (PWFA), giving new protections for women seeking abortions. The EEOC rule dictates that abortions are to be included under the definition of “pregnancy, childbirth or related medical considerations,”…
Read More Biden’s EEOC Rolls Out Final Rule Requiring Employers To Give Time Off For Abortions
The Biden administration has dropped hints that it could send taxpayer funds to another stalling high-speed rail project, this time in Texas, that has faced years of delays due to a lack of private investor interest, legal fights with landowners and an executive exodus. President…
Read More Biden Admin Signals Support For Embattled Texas High-Speed Rail Project. Critics Say It’s A ‘Boondoggle’