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Trump Wants to Revamp Federal Agency as Sovereign Wealth Fund
President-elect Donald Trump's team wants the U.S. International Development Finance Corp (DFC) to function more like a sovereign wealth fund and be an effective tool for deploying economic power, Bloomberg News reported Friday.
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House GOP Mulls 200+ Budget Cuts, Breaks, Tariffs
House Budget Committee Republicans are eyeing more than 200 changes to the federal budget ahead of the vast reconciliation bill, including myriad spending cuts, tax breaks, tariffs as well as tweaks to Medicare and Social Security, it was reported Friday.
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Repairing America via Presidential Financial Powers
A Bold Solution to Alleviate Damages Caused by: Inflation, War, Crime, Poor Policies, and the Energy Crisis
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CPI Numbers Highlight Fed's Many Mistakes
The Bureau of Labor Statistics just released the monthly increase in the Consumer Price Index for December. The number indicated that consumer prices increased by .4%. For the prior 12 months the CPI increased by 2.9%. Worse, the annual increase in the core CPI was 3.2%.
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Atkins as SEC Chair Could Bring Regulatory Clarity
Mr. Atkins is a former SEC commissioner who is known for advocating for lighter regulatory policies. This nomination signals a significant shift for the agency, moving toward a focus of fostering innovation in its oversight approach.
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Poll: Fed to Hold Rates Amid New Inflation Worries
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority of economists polled by Reuters, as policymakers digest an expected barrage of new economic policies from Washington.
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Americans' Holiday Spending Bodes Well for Economy
American consumers wrapped up the year in a spending mood, buying all sorts of merchandise from furniture to clothing and eating out at restaurants, according to the latest government snapshot.The figures, announced Thursday, marked a clear sign that consumers are still...
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China Denies Unlawfully Collecting Data
The Chinese government "has never and will never" require companies or individuals to collect data for or provide data to it in a way that violates the law, China's foreign ministry said Friday.
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CNN Poll: Majority Expect Trump to Do Good Job
President-elect Donald Trump is entering the White House with some of the best approval ratings of his political career.
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Researchers: 2020 Census Multiracial Count 'Misled' Public
The American public was "misled" by census results in 2020 that said the multiracial population in the United States was rapidly growing, argue two Princeton University sociologists.
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Oligarchs Already Own Much of US - Can They Buy Democracy?
They increasingly own everything from access to space to how we get news on Earth and now outgoing President Joe Biden warns America's new breed of Donald Trump-allied oligarchs could gobble up US democracy itself.
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Rep. Carter: Fair Tax Act 'Simple' for Americans
Rep. Buddy Carter, who brought back Fair Tax Act legislation this week, told Newsmax on Thursday that switching the nation from an income-based tax system to one in which people pay taxes on the purchases they make is "the right move because it's simple and it's fair."
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Trump Interior Nominee Backs Federal Drilling
President-elect Donald Trump's pick for secretary of the interior, Doug Burgum, will tell lawmakers during his nomination hearing on Thursday that he will vigorously pursue Trump's goals of maximizing energy production from America's public lands and waters, calling it key to national security.
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Scott Bessent: Trump to Bring 'Economic Golden Age'
Donald Trump's nominee for Treasury chief spoke Thursday of ushering in "a new economic golden age," as he faced grilling by lawmakers about the incoming US administration's economic agenda.
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Fed's Waller: Disinflation to Bring Earlier, Faster Rate Cuts
Inflation is likely to continue to ease and possibly allow the U.S. central bank to cut interest rates sooner and faster than expected, Federal Reserve Governor Christopher Waller said Thursday in comments that pushed against recent market moves.
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Fiscal Responsibility Is What Fights Inflation
The Federal Reserve's premature victory lap over inflation reveals a worrisome misunderstanding of the predicament we still find ourselves in.
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Retail Sales Tick up Amid Solid Holiday Shopping
Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop.
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Trump Aims to Vanquish Inflation While Boosting Growth
President Donald Trump has a mandate to implement populist policies but to make the country better off, he must not repeat President Joe Biden's impulse to run to extremes.
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Senate GOP Itching to Undo 11th-Hour Biden Rules
After the Biden administration implemented several 11th-hour regulations before President-elect Donald Trump takes office Monday, Senate Republicans are ready to undo them.
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Fed Survey: US Businesses Optimistic But Flag Concerns
U.S. economic activity increased slightly to moderately in late November and December, the Federal Reserve said Wednesday, with employment ticking up and prices rising moderately amid concerns about the potential impact of policies under President-elect Donald Trump.
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Fed Officials Say Latest CPI Shows Inflation Is Easing
Federal Reserve officials said data released Wednesday showed U.S. inflation was continuing to ease even as they noted heightened uncertainty in the coming months as they await a first glimpse of the incoming Trump administration's policies.
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California Government Fighting Incompetence, Malfeasance
California's annual wildfires follow a pattern: wet fall and winter months spur plant growth; arid summers turn trees, brush and grass into tinder-dry fuel, primed for ignition by lightning, sparks, careless campers and arsonists; strong, gusty Santa Ana winds fan flames...
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Inflation Rises to 2.9%, Highest Since July
U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
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Energy Secretary Granholm on Hot Seat Over Biden Drilling Ban
Republicans are demanding answers to find out the level of involvement the Department of Energy had in the outgoing Biden administration's decision earlier this month to ban new offshore drilling.
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Did Biden Raise Deficit 20% to Sabotage Trump?
As the U.S. government's fiscal year began on Oct. 1, the financial outlook took a dramatic turn in November, with the Biden administration overseeing a staggering $366.8 billion deficit - greater than a third of a trillion dollars in a single month.