As a result of testimony given by the Chairman of the Federal Reserve, Jerome Powell, the likelihood of a sizable increase in interest rates has gone up, and more suffering is on the way. During his semiannual congressional testimony on Tuesday, the Chairman of the Federal Reserve adopted a hawkish tone, increasing the likelihood of a larger interest rate in the near future.
Category: Economy
Biden’s IRS Will Target The Poor, Not The Rich
A new Syracuse University research group assessment reiterates concerns that the 87,000 more IRS officers financed by House Democrats and President Joe Biden will disproportionately target low-income taxpayers.
Rep. Steil Claims that Biden Is Ignorant About How Monetary Policy Contributes to Inflation
Rep. Bryan Steil told reporters on Sunday that Republicans need to address President Joe Biden’s reckless spending if they want to get inflation under control.
Biden Sees Backlash From Republicans After Signing Legislation Ahead of Spending-Plan.
On Friday, the 23rd of December, President Joe Biden signed a short-term measure to keep the government running until the approaching $1.7 trillion budget plan is passed.
This new, short-term bill pushes the deadline for financing to the 30th of December, providing the White House with some breathing room while President Biden prepares to sign the far more expensive funding plan in the following week.
Conservatives Celebrate Victory After the IRS’s Funding is Slashed in the $1.7 Trillion Budget Deal.
In the discussions over President Biden’s $1.7 trillion omnibus budget, congressional Republicans successfully reduced funds for the Internal Revenue Service.
House Republicans To Crack Down On Woke Investments
Under the leadership of Florida Representative Byron Donalds, Republicans in the House of Representatives are seeking to restrict bureaucratic efforts to encourage or mandate environmental, social, and governance (ESG) investing.
Democrats Push Ahead With Their Spending Plans Despite Opposition
Senate Democrats push ahead with their spending plans while talks stall. GOP critics claim the package includes large hikes for the IRS and other non-defense agencies. A top Senate Democrat stated that his party intends to introduce an omnibus spending bill on Monday to press Republicans into accepting a deal or risking an alternative that would freeze government spending for the entire year and prevent reallocating funds to military and other programs.
Defunding Woke Democrat Initiatives is A Key Aspect in Creating a Balanced Budget for Republican Majority.
To get support for their plan in the incoming Republican-led House, the Center for Renewing America, which the former Trump administration officials run, published a budget plan on Wednesday.
The blueprint stated that America could not be saved unless the existing agenda of a ‘woke’ and ‘weaponized’ government were broken because those are our nation’s primary and most pressing threat; therefore, politicians must stand tall to defeat it.
Ahead Of The Game: GOP Sick And Tired Over Preposterous “Woke” Military Policies
As Democrats rush to force a vote before the end of the year, Republicans are fighting back against the inclusion of “woke” military policies within the National Defense Authorization Act (NDAA), the annual defense policy bill. They also intend to work to include provisions that counter “wild” Biden administration policies.
Fed Facing New Tension Due to a Republican-Controlled House
After working with a generally cooperative Congress over the previous two years, Federal Reserve Chair Jerome Powell now confronts escalating tensions over his policies, as Democrats warn of job losses and Republicans continue to emphasize the significance of price stability.
