Treasury

Yellen Says High Inflation Will Stick Around All Year

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy...

Fed Hikes Rates by the Most in 28 Years, Signals Volcker-Era Is Back

The Fed hiked rates by a stunning (but expected) 75bps - the biggest hike since 1994. Esther George dissented (preferring 50bps).

Treasury Secretary Janet Yellen Responds to Cardi B’s Recession TWEET, Noting That She Does Not Believe There Will Be a Recession

Music superstar Cardi B issued a tweet Sunday on the topic of a recession, but Treasury Secretary Janet Yellen responded on Thursday by noting that she does not expect there to be a recession.

IRS Destroys Millions of Tax Documents, GOP Lawmakers Seeking Answers

Two Republican lawmakers, James Comer (R-Ky.), ranking member of the House Committee on Oversight and Reform, and Nancy Mace (R-S.C.), ranking member of the Subcommittee on Civil Rights and Civil Liberties, have written a letter asking the Internal Revenue Service (IRS) to explain the destruction of 30 million paper-filed tax documents last year.

Respect the Fed? No, End the Fed

President Joe Biden has unveiled a three-part plan to fight inflation — or at least make people think he is fighting inflation. One part...

GOP Say What Biden Is Doing to America Is ‘Intentional’

Rep. Jim Jordan is never one to mince words. So when asked why President Joe Biden was willing to risk children losing their federally...

Kindergarten Teacher Caught Promoting LGBT Gender Ideology

The Washington Post reported that a kindergarten teacher in Massachusetts said that he exposes children to the terms transgender and gender-queer.

Biden Admin’s Reversal of Trump’s Deregulation Is Hurting Economy, Experts Say

The Biden administration’s dramatic expansion of the role of the federal government in business, banking, and society, and sharp break from the deregulatory approach of the Trump presidency

Russia Bans Joe Biden, Hunter, and More From Entering Its Borders

President Joe Biden and his son Hunter Biden are among a list of 963 people banned from entering a specific foreign nation.

Dow Jones Industrial Average on Longest Losing Streak Since 1932

After a promising start to morning trading, the major stock indexes turned sharply negative Friday with the S&P 500 tumbling into bear market territory and the Dow Jones Industrial Average setting up for the longest streak of weekly losses since the Great Depression.

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