Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…
Read MoreEconomy
Home Sales Up as Prices Down
Sales increased in all four national regions. For the first time in a year, existing home sales across the U.S. increased in February as prices fell at the…
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Federal Reserve Raises Interest Rates Again
The result will be tighter credit options for households. At its meeting on Wednesday, the Federal Reserve raised interest rates to a target range of 4.75% to 5%,…
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Two Cabinet Secretaries May Visit China
White House announces the U.S. in discussions with Beijing officials. The White House National Security Coordinator John Kirby stated that Treasury Secretary Janet Yellen and Commerce Secretary Gina…
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Housing Affordability at Historic Low
Mortgage rates reach 7 percent – housing prices could drop 20 percent. An online real estate marketplace recently reported that barely one in five U.S. households could afford…
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House Votes to Overturn Clean Water Rule
Representatives say the rule was government overreach. President Biden’s administration had issued a “Water of the United States” (WOTUS) rule relating to “navigable waters” under the Clean Water…
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New Energy Legislation Coming in House
The bill would address fossil fuel production and other energy projects. House Speaker Kevin McCarthy of California and other members of the House have been putting together a…
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House Speaker Responds to President’s Proposed Budget
White House appears ready to negotiate. President Biden has submitted his budget to Congress. The $6.8 trillion budget addresses four main areas—deficit reduction, lower costs for families, Medicare…
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Annual Intelligence Threat Assessment Released
Major threats include China, Russia, Iran, North Korea, international economies, and health and food security. Hearings are being held Wednesday before the Senate Intelligence Committee and Thursday before…
Read MoreTreasury Sanctions Russian Metals and Mining
Similar regulations are imposed by other G7 members. The Department of the Treasury announced a new determination last week that sanctions and blocks the import of Russian metals…
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