Fed Chairman Jerome Powell warned that he expects the central bank to continue raising rates in a way that will cause “some pain” to the economy.

The move ends roughly six months of suspense that cost banks business as Texas municipal-bond issuers avoided firms whose status was unclear amid the probe.

By: Karl Rove – wsj.com – August 24, 2022 Mr. Cavuto seemed skeptical, asking the White House adviser if he meant everyone under $400,000 in income “will not be . . . scrutinized more by the IRS, their deductions examined more by the IRS.” Mr. Bernstein replied forcefully: “They will not be scrutinized more.” Mr. Bernstein was shading the truth. Other Team...

President Joe Biden announced Wednesday that he will force U.S. taxpayers to bail out college students for up to $20,000 of student loan debt and further reduce

By: Dominic Pino – nationalreview.com – August 25, 2022 The Biden administration is using a flatly absurd legal argument to justify forgiving student debt, something even Democrats thought was only a power of Congress not that long ago. Even the Department of Education thought it was only a power of Congress not that long ago. On January 12, 2021, the...

By: Diana Glebova – nationalreview.com – August 23, 2022 Republican lawmakers blasted Joe Biden’s Wednesday executive order to “forgive” billions of dollars of federal student-loan debt, arguing that the “scheme” benefits the upper class, and transfers the cost to taxpayers, the majority of whom did not attend college. Biden’s order “cancels” $10,000 in federal student debt for individuals making under...

By: Brian P. Brooks & Charles W. Calomiris – wsj.com – August 23, 2022 America’s $15 trillion national banking system is supervised by more than 2,000 examiners. Many work full-time on bank premises to ensure that risks to the financial system are caught early. The system isn’t perfect. It failed to prevent the 2008 financial crisis and other major problems over...

If Biden goes through with it, the backlash will be intense, widespread, and as deserved as any in recent memory.

Households in lower-income countries typically spend a higher percentage of their income on food, making the pain of food inflation more extreme.

Democratic U.S. Senator Kyrsten Sinema said on Thursday she agreed to “move forward” on a $430 billion drug pricing, energy and tax bill.