Federal Reserve

American Banks Prepare for Decline in Profits, 17 Percent Drop Predicted for Top Six Banks in the Fourth Quarter

Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year.

Trump’s Tax Returns Show Evil of the Income Tax

The final act of the Democrat majority on the House Ways and Means Committee was to make public several years of Donald Trump’s tax returns, which the Committee obtained after a prolonged legal battle.

Biden Claims Record Job Creation — Here Are the Facts and Context

President Joe Biden claimed the first two years of his presidency marked record job growth following Friday’s employment report.

Blackrock to Take Zelensky’s Panhandling Act to the Next Level

Blackrock is the world’s largest asset management and investment firm.

Double-Digit U.S. Home Price Growth Streak Skids to an End

Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand, a pair of closely watched surveys showed on Tuesday.

Omnibus Shows Congress’s Priorities: Authoritarianism and War

Those hoping for a Christmastime government shutdown were once again disappointed when Congress passed a 4,000-page, $1.7 trillion omnibus appropriations bill that few, if any, Representatives and Senators read before voting on.

The Pain Isn’t Goin’ Away: Inflation Cost Households an Extra $10K

Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.

The Upcoming Recession Is a Planned Disaster

Get ready for the next unnecessary recession.

Texas Busses 85 Migrants to Philadelphia

On Friday, two buses carrying nearly 90 migrants from Latin America arrived in Philadelphia.

Biden Second Quarter Job Numbers off by 1 Million, Philadelphia Federal Reserve Bank Says

The Biden administration vastly overstated its estimate that employers created more than 1 million jobs in the second quarter of this year, claiming historic job growth when in fact hiring had stalled, according to a new estimate.

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