Analysis: How the federal deficit affects economic growthBOB EDWARDS
As we have frequently stressed, the way to bridge this apparent gap is that voters don’t care much about actual inflation. Instead, they continuously report “cost fatigue” related to current price levels andcumulativeinflation relative to pre-pandemic. CPI is up 22% since December 2019. ...
“I want to promise you now, we’re going to do more with less,” Kennedy said in a video posted on YouTube. He added, “The entire federal workforce is downsizing now, so this will be a painful period for HHS.” The Health and Human Services Department is responsible for protecting...
The case, filed in federal court in New York City, alleges the Trump administration allowed Musk’s team access to the Treasury Department’s central payment system in violation of federal law. The payment system handles tax refunds, Social Security benefits, veterans’ benefits and much more, ...
To combat it, the Federal Reserve has kept its benchmark rate paused at a 23-year high. As a result, today's mortgage rates are much higher than they were in 2020 and 2021 during the height of the pandemic. This has led to many existing homeowners remaining in their homes to ...
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"They talked a lot before Trump's election, I think Javier conveyed this to him and I think that was how it matured in some way, that's my speculation, this idea of the DOGE," he said. TOO MUCH RED TAPE Musk is now trying to cut three-quarters of fed...
Inflation is approaching the Federal Reserve’s target of a 2% annual inflation rate, but there are growing concerns that tariffs could disrupt that progress — though they haven’t showed up much yet. What is inflation? Inflation occurs when the items that consumers regularly buy — from servic...
Lawmakers will be weighing how much help to give families using the Child Tax Credit and the standard deduction—or what portion of a taxpayer's income should not be subject to taxes. Those figures set in the 2017 law will be slashed unless they're renewed. ...
Businesses in general are dissipative structures. So are international organizations of any kind. Cities seem to be dissipative structures. Religious organizations are dissipative structures. Any organization that seems to grow, pretty much on its own, is a dissipative structure. [2] If the energy ...