During an interview with CBS’s “60 Minutes” aired on Monday, 2024 Democratic presidential candidate Vice President Kamala Harris responded to a question on budget analysis that her economic plan would add trillions to the deficit by stating that “the other
During an interview with CNN’s “Axe Files” podcast released on Thursday, Treasury Secretary Janet Yellen said that the spending in the American Rescue Plan “added to the demand in areas that were supply-constrained, and so, may have played a little
Tiffany Henyard, the Dolton, Illinois, Democrat dubbed as “America’s worst mayor,” is again under fire for throwing an $85,000 taxpayer-funded party featuring performances from R&B singer Keke Wyatt and rapper J. Holiday — with barely anyone attending.
Tesla CEO and X owner Elon Musk announced on Monday that he would be willing to serve in Donald Trump’s administration.
Tesla CEO Elon Musk pitched a “government efficiency commission” to cut government waste while speaking with former President Donald Trump on Monday, and offered to “help out” with such an endeavor.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that President Joe Biden had a strategy to win the 2024 race of “use fiscal stimulus to really turbocharge the election, you get these working-class voters coming to your
During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government
On Friday’s broadcast of the Fox News Channel’s “America Reports,” economist, President of Queens’ College, Allianz Chief Economic Adviser, and former Obama Global Development Council Chair Dr. Mohamed El-Erian said that it will be “very hard” to get inflation from
During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen stated that because interest rates are lower than they were in prior decades even with rate hikes, “we can probably manage and have a fiscally sustainable path with [a]
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
On Friday’s broadcast of CNBC’s “Squawk on the Street,” BlackRock CEO Larry Fink stated that it will be difficult to reach 2% inflation and one reason is “We have a trillion dollars of fiscal stimulus in the CHIPS Act, the
The Senate voted in the early hours of Saturday morning to pass a $1.2 trillion government funding bill, averting a government shutdown.
Lawmakers should not vote for the $1.2 trillion spending bill released in the dead of the night, Sen. Mike Lee (R-UT) said on Thursday, warning that members of Congress have not even had the proper time to review it.
On Monday’s broadcast of NPR’s “Morning Edition,” White House Office of Management and Budget Shalanda Young responded to a question on if President Joe Biden’s budget will require more government spending by stating that “this President, unlike many who talk about fiscal
The Federal Reserve’s plans to cut interest rates this year have run into a powerful headwind: excessive government spending.
House conservatives blocked a procedural rule vote in a protest vote against Speaker Mike Johnson’s (R-LA) spending deal he struck with Democrats.
On Monday’s broadcast of CNBC’s “Squawk Box,” Rep. Ro Khanna (D-CA) stated that people have seen higher grocery prices “and that was one of the challenges of managing COVID.” And inflation “was both parties over four years to get out
Sen. Rand Paul (R-KY) shared his annual “Festivus” report Friday showing Americans how their tax dollars were wasted in 2023.
On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that we do need to have a fiscally responsible path, especially since “the higher interest rate environment does pose additional challenges” but we don’t need offsets for Israel
On Tuesday’s broadcast of CNN International’s “Quest Means Business,” Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff said that while we’ve had tight monetary policy with extremely high interest rates, “our government spending fiscal
The House passed a continuing resolution Tuesday to extend spending levels from a lame duck session last December by Democratic House and Senate majorities into 2024.
On Friday’s broadcast of “PBS NewsHour,” New York Times columnist David Brooks argued that even though a lot of Democrats don’t like him, outgoing Sen. Joe Manchin (D-WV) saved the Biden administration and the Democratic Party by blocking proposals by the Biden
On Friday’s edition of Bloomberg’s “Wall Street Week,” former Biden White House Council of Economic Advisers Chair Dr. Cecilia Rouse said that “we had unprecedented demand” due to “the remarkable support that the federal government here and abroad provided to
During an interview aired on Tuesday’s broadcast of the Fox News Channel’s “Hannity,” House Speaker Rep. Mike Johnson (R-LA) stated that House Republicans will find cuts elsewhere in the budget to pay for money sent to Israel or Ukraine and
During an interview aired on Tuesday’s broadcast of the Fox News Channel’s “Hannity,” House Speaker Rep. Mike Johnson (R-LA) stated that if the House has to pass a continuing resolution to avoid a government shutdown in November, there will be
On Friday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Director Lael Brainard asserted that we’re “on a sustainable fiscal path” due to the deal brokered between Congress and the White House on spending a few
The House of Representatives finally overcame a procedural hurdle Tuesday night to allow votes on spending bills after defeating a similar motion twice last week.
While speaking with Bloomberg on Wednesday, Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the August inflation numbers show “no sign” “that we have a
The House Freedom Caucus and conservative groups held a press conference Tuesday opposing any deal to continue government spending at current levels, hours before the House reconvened after a week-long recess to tackle the task of keeping the government open past September 30.
Speaker Kevin McCarthy is considering leaving out additional Ukraine aid from a stopgap spending bill in favor of a potential standalone vote on yet more funds for the European nation.
House Republicans are pressuring their colleagues to block radical Biden administration excesses and advance priorities like border security.
On Thursday’s broadcast of Fox News Radio’s “Brian Kilmeade Show,” Rep. Michael Waltz (R-FL) responded to criticism of the trillions of dollars added to the national debt under former President Donald Trump by 2024 GOP presidential candidate former UN Ambassador
On Thursday’s broadcast of Fox News Radio’s “Brian Kilmeade Show,” 2024 Republican presidential candidate Florida Gov. Ron DeSantis (R) said that Republicans have added trillions to the debt, including under the Trump administration, and “There’s something about these rich men
Former U.N. Ambassador Nikki Haley criticized her Republican opponents for supporting increased spending under former President Donald Trump’s administration during the first 2024 GOP primary debate.
On Friday’s broadcast of the Fox Business Network’s “Maria Bartiromo’s Wall Street,” House Majority Leader Rep. Steve Scalise (R-LA) reacted to President Joe Biden’s request for $40 billion in supplemental funding by saying that if he wants more money, he
On Tuesday’s broadcast of CNBC’s “Squawk Box,” Congressional Budget Office (CBO) Director Phillip Swagel said that “we’ve seen the downsides” of massive government spending “over the past couple of years…with the inflation that resulted.” Although he acknowledged supply constraints were another
On Wednesday’s broadcast of CNBC’s “Squawk Box,” former Biden White House National Economic Council Director Brian Deese reacted to projected cost overruns in the Inflation Reduction Act’s green provisions by stating that the prospect of a cost overrun is “overwhelmingly,” “very
During an interview with Bloomberg on Friday, Atlanta Federal Reserve President Raphael Bostic stated that unspent stimulus on things like infrastructure will put upward pressure on inflation, but if it’s spent on things that increase productivity, it will be “much
On Wednesday’s broadcast of CNBC’s “Power Lunch,” JPMorgan Chase Chairman and CEO Jamie Dimon said that fiscal policy is contradicting the Federal Reserve’s efforts to fight inflation and that we’re currently paying for continuing COVID spending and quantitative easing for
During an interview with SiriusXM’s “The Megyn Kelly Show” that took place on Thursday and aired on Friday, 2024 Republican presidential candidate Republican Gov. Ron DeSantis (R) said that we have “a government-induced inflation crisis, starting in March of 2020,”
