The Democrats’ Inflation Reduction Act will not reduce inflation as claimed and might end up harming the American economy, a finance professor said in an interview with NTD. “They really didn’t name this inflation reduction act correctly, it should be exactly the opposite,” Michael Butler from Stockton University said in the interview. The Act will…
Inflation Reduction Act Should Be Named ‘Exactly the Opposite,’ Will Have ‘Disastrous Effects’: Finance Professor
August 14, 2022
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Sen Hawley Says GOP Can Learn From Dems After Legislative Victory
August 9, 2022
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Sen. Josh Hawley (R-Mo.) has asked his party members to potentially learn from their Democrat opponents about how to push forward bills. Hawley’s comments came after the Democrats succeeded in getting the Inflation Reduction Act passed in a 50–50 vote, with Vice President Kamala Harris providing the tie-breaker. “I’ll give the Dems this. With a…
Sen. Hawley Says GOP Can Learn From Democrats After Legislative Victory
August 9, 2022
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economic recessionhigh inflationInflation Reduction Act of 2022Policies & ImpactsPoliticsRepublicansSen. josh HawleyUS
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Sen. Josh Hawley (R-Mo.) has asked his party members to potentially learn from their Democrat opponents about how to push forward bills. Hawley’s comments came after the Democrats succeeded in getting the Inflation Reduction Act passed in a 50–50 vote, with Vice President Kamala Harris providing the tie-breaker. “I’ll give the Dems this. With a…
So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Dems, Says Ted Cruz
August 8, 2022
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Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…
So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Democrats: Sen. Cruz
August 8, 2022
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Business & MarketscongressDemocratseconomic policieseconomic recessioneconomyinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationTax Credits 2022USUS Budget DeficitUS News
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Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…
White House Gets Criticized for Trying to Change Definition of Recession
July 27, 2022
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The Biden administration is being slammed for attempting to change the definition of an economic recession, just ahead of the upcoming second-quarter GDP data that are expected to show contraction. An economy is usually considered to be in a recession if it registers two consecutive quarters of GDP declines. A July 21 White House statement…
Biden: ‘We’re Not Going Into a Recession’
July 26, 2022
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President Joe Biden insists that the United States is not slipping into an economic recession, a view that is being pushed strongly by the White House ahead of the soon-to-be-released Q2 GDP numbers. “We’re not going to be in a recession, in my view,” Biden said in a virtual meeting on the semiconductor bill on…
Fix for ‘Eyepopping’ Inflation Is Slashing Government Deficit, Budget Watchdog Says
July 18, 2022
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Cutting down the government’s budget is the best way to deal with out-of-control inflation, according to Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB). Annual inflation hit 9.1 percent in June, which is a new four-decade high. Calling inflation numbers “eyepopping,” MacGuineas said that taming it should be a “top national…
Recession Barometer Copper Drops Below $7,000 per Ton in Ominous Sign for World Economy
July 15, 2022
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Copper prices fell below $7,000 per ton during July 15 trading at the London Metal Exchange for the first time since November 2020, worsening concerns about a looming global recession. The price decline was triggered by fresh data from China which showed the country’s economic growth slowed down in the second quarter, registering only a…
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Citi Analysts Warn of Red Flag in Stocks, Same Signal That Preceded Major Equities Crashes
Analysts at Citigroup have signaled a significant red flag in the global stock market that has previously foreshadowed major crashes. “Our index of global sell-side stock calls is back at peak bullishness, so triggering a red flag in our Bear Market Checklist. Analysts are most bullish in the U.S. and, increasingly, EM [emerging markets]. They…