Category: Economy

Will the Debt Ceiling Deal Mortgage the Democrats’ Future in Washington?

As TNR contributor Kojo Koram reported last September, a study from the Tax Justice Network found that “the world’s three most corrosive corporate tax havens are all British Overseas Territories”—the British Virgin Islands, Bermuda, and the Cayman Islands. “These tax havens are often presented in the media as strange foreign hideouts for dirty money,” writes […]

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Jamaal Bowman: Why Are We Negotiating With Economic Terrorists (Republicans)?

Rokita’s team argued that Bernard was acting on a political agenda, and she faced pointed questions throughout the hearing to try to determine a political motivation. At one point, she was asked if she had a tattoo of a coat hanger that said, “Trust women.” Her lawyers objected to the question as being irrelevant. The […]

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Gas Prices Creep Higher As Drivers Fuel Up Ahead of Memorial Day

WASHINGTON, D.C. — The seasonal surge in gasoline demand leading into the long holiday weekend resulted in the national average for a gallon of gas rising four cents since last week to $3.57. AAA forecasts that Memorial Day road trips will be up 6% over last year, with more than 37 million Americans driving to […]

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Want to Cut Spending? Nearly Two-Thirds of Our Discretionary Budget Goes to Militarism

The court decision follows twice-impeached, criminally indicted, and liable for sexual abuse former President Donald Trump rolling back updates to the CWA made under President Obama. Trump limited federal protection to cover only “permanent” bodies of water, and not other smaller but still significant waterways, like streams of water that flow only part of the […]

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Want To Cut Spending? Here’s How Much of Our Budget Is Going to the Military and Police

The court decision follows twice-impeached, criminally indicted, and liable for sexual abuse former President Donald Trump rolling back updates to the CWA made under President Obama. Trump limited federal protection to cover only “permanent” bodies of water, and not other smaller but still significant waterways, like streams of water that flow only part of the […]

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House Progressives Tear Into McCarthy, GOP Over Debt Limit Negotiations

McCarthy tasked McHenry and Congressman Garret Graves of Louisiana with leading the House GOP negotiations with the White House team. Graves and McHenry have repeatedly said the nation has a spending problem when it comes to popular social programs like food stamps, education, and veterans benefits, all while refusing to acknowledge the role GOP tax […]

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GOP Lawmaker Erases Maxwell Frost’s Valid Point on Student Debt From the Record

The chief justice said that in the 18 years he has served on the highest court in America, “the hardest decision he had to make” was not related to the First Amendment, or the death penalty, or the separation of powers—but whether to erect fences and barricades around the Supreme Court. While those fences were […]

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Yellen says it’s ‘almost certain’ debt ceiling deadline would be in early June

Yellen says it’s ‘almost certain’ debt ceiling deadline would be in early June | The Hill Skip to content Greg Nash Treasury Secretary Janet Yellen answers questions during a Senate Subcommittee on Financial Services and General Government hearing to discuss the President’s FY 2024 budget for the Department on Wednesday, March 22, 2023. (Credit: The […]

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Democratic Congressman Drags GOP: At Least Gas Stoves Are Safe if Country Defaults

The chief justice said that in the 18 years he has served on the highest court in America, “the hardest decision he had to make” was not related to the First Amendment, or the death penalty, or the separation of powers—but whether to erect fences and barricades around the Supreme Court. While those fences were […]

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Kevin McCarthy’s Go-To Line When Asked Any Questions About Debt Default

The chief justice said that in the 18 years he has served on the highest court in America, “the hardest decision he had to make” was not related to the First Amendment, or the death penalty, or the separation of powers—but whether to erect fences and barricades around the Supreme Court. While those fences were […]

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Matt Gaetz Admits Republicans Are Holding America “Hostage” Over Debt Ceiling

Of course, Cruz either still somehow doesn’t know or. more likely, willfully ignores basic history to whip up outrage among any impressionable followers. Wallace was among the slate of twentieth-century Democrats who deployed the “Southern strategy”: increasing support among white voters by whipping up racist sentiment against African Americans. Sounds familiar to exactly what Cruz […]

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Marjorie Taylor Greene Just Spent $100,000 on Kevin McCarthy’s Used Chapstick

Of course, Cruz either still somehow doesn’t know, or more likely, willfully ignores basic history to whip up outrage amongst any impressionable followers. Wallace was among the slate of 20th century Democrats who deployed the “Southern strategy”: increasing support among white voters by whipping up racist sentiment against African Americans. Sounds familiar to exactly what […]

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The Democrats Have Already Lost the Debt Ceiling Fight

So Republicans are predictably being unreasonable. But there is no sign yet that the Democrats’ are getting the outcome they’d hoped for—that voters would recognize that the GOP was acting in bad faith, thereby putting pressure on House Majority Leader Kevin McCarthy to cave. Recent polling from ABC and The Washington Post does give Democrats […]

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Ron DiSaster Loses $1 Billion Disney Project Days Before 2024 Announcement

The recommended firing follows a long-standing concern by parents and teachers about district administrators policing expression within the classroom. Waukesha’s Board Policy 2240, “Controversial Issues in the Classroom,” has set guidelines for when the district would “permit” a so-called “controversial issue” to be introduced in the classroom. Along with the innocent Cyrus and Parton song, […]

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Gas Prices Remain Stuck in Neutral

WASHINGTON, D.C. — The usual ebb and flow of pump prices took a break this week, with the national average for a gallon of gas stuck at $3.53, identical to a week ago. A decline in demand and the low cost of oil are the main culprits.  “Despite mild weather and a less volatile economic […]

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Republicans Literally Laugh Off Idea of Taxing the Rich to Fix Budget

The reforms also ban employment of new officers if they were previously determined by other agencies to have been responsible for serious misconduct, or if they were forced out of previous jobs for “disciplinary reasons.” Nothing radical about having baseline standards for what type of person is allowed to be empowered to enforce the law; […]

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John Fetterman Asks Bank Execs If CEOs Who Crash Banks Should Get Work Requirements

H.G.: Definitely. And, can I just add to this, Congresswoman Hayes, who was Teacher of the Year, out of Connecticut. And Latoya Cantrell, who is the mayor of New Orleans. She didn’t come out of education and teaching, but she came out with a strong identity as a mother and an activist, post-Katrina. I think […]

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VP Kamala Harris To Meet with Young Male Entrepreneurs Of Color

Up to 50% Off Amazon Basics Overstock Sale Their Overstock Is Your SavingsAmazon overstocked on a ton of everyday items, and they’re all up to 50% off. Whatever is on your list to grab this week, they probably have a sale. Advertisement The engagement, which will be taking place at the White House, will feature […]

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Is Biden About to Cave on the Debt Ceiling?

Numerous other right-wing and conspiratorial figures, like Mike Cernovich and Collin Rugg, have stuck to a broader line of calling the killer a “good Samaritan.” They are advancing the notion—sans brain or soul—that Penny’s arrest symbolizes the state punishing an individual for being a hero and for sticking up against evil. The continuous smearing of […]

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Biden names three key Fed nominees amid battle with inflation

Biden names three key Fed nominees amid battle with inflation | The Hill Skip to content File – Philip Jefferson speaks during the Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Thursday, Feb. 3, 2022, in Washington. President Joe Biden nominated Jefferson, a member of the Federal Reserve’s Board of Governors, to serve […]

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Crypto Fans Think the Government is Out to Get Them. They’re Not Wrong.

But this is theater. A defining feature of crypto has always been its supposed ability to exist outside of government, to separate money from the state and all of the other controlling institutions, regulations, and laws that might entail. That is the point. When Bankman-Fried went down, many of his industry critics broke their self-imposed […]

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Treading Water For Now

WASHINGTON, D.C. — The national average for a gallon of gas drifted lower by just four cents since last week to $3.53. The lackluster movement can be attributed to higher demand for gasoline but a lower cost for oil canceling each other out.  “Increasing demand for gasoline would usually drive pump prices higher,” said Andrew […]

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Survivors of the 2011 Debt Limit Showdown Say This Time Is Worse

Representative Steve Womack, the chair of the financial services subcommittee on the House Appropriations Committee, told me that the far smaller Republican majority was a key difference between the current stalemate and the situation in 2011, as was the increased polarization in the modern Congress. “It makes it more difficult. Everything’s a weapon,” Womack said. […]

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Putin Can’t Afford to Lose in Ukraine—but He Can’t Afford to Win, Either

My homily for the Journal is heartfelt, but I probably wouldn’t bother with it were it not for the fact that one of the Journal’s best reporters, Evan Gershkovich, is sitting right now in a Russian jail on trumped-up espionage charges. Gershkovich’s true offense may be that his last published Journal piece before his arrest, coauthored with Berlin-based Journal reporter Georgi Kantchev, […]

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A Holistic View of Financial Health: A Conversation with Ellevest’s Sallie Krawcheck

Ellevest CEO and Co-Founder Sallie Krawcheck is on a mission to get more money into the hands of women. In doing so, she’s asking one simple—yet complex—question: what would happen if we invested in women? To address this central question at the 2023 Women & Worth Summit, Krawcheck shared an overview of the current state of […]

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Sisters’ Staff Agency Hopes to Help Close Wealth Gap

For sisters, Tamara (Tammy) Armour and Crystal D. McDonald, entrepreneurship is a family affair. Their mother was a teacher who ran a home-based business on the side, while their father was an entrepreneur in the hospitality industry. Now, the pair is taking a page from their parents’ book and hoping to take it to a […]

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Need A Side Hustle? These Two NOLA-based Sisters Got You

For sisters, Tamara (Tammy) Armour and Crystal D. McDonald, entrepreneurship is a family affair. Their mother was a teacher who ran a home-based business on the side, while their father was an entrepreneur in the hospitality industry. Now, the pair is taking a page from their parents’ book and hoping to take it to a […]

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It’s Not The Force That Is Driving Gas Prices Lower

WASHINGTON, D.C. — While the power of the Force should never be underestimated, it is the fear of a global economic recession leading to falling pump prices. The price for oil has dropped nearly $20 per barrel recently to the upper $60s, which has spurred the retreat for gas prices. The national average for a […]

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