Fed raises interest rates 0.75% in hopes to combat inflation
The Federal Reserve has announced it will raise interest rates by 0.75% in hopes to combat inflation. NBC's Tom Costello reports on what impact the increased rates could have.
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The HillMcConnell gets win on Trump in NATO vote
Senate Minority Leader Mitch McConnell (R-Ky.) clinched a victory on Wednesday when the Senate — including 48 of the chamber’s 50 Republicans — voted overwhelmingly to admit Finland and Sweden to NATO. The resolution, which cleared the chamber in a bipartisan 95-1 vote, was a top priority for the Republican leader, who wanted to send a signal…
- The Hill
Seven Dems vote for GOP amendment, forcing Democratic scramble
CORRECTION: Seven Democrats voted for the GOP amendment that would extend a cap on the SALT tax deduction. A previous version of this story included incorrect information. Maverick Sen. Kyrsten Sinema (D-Ariz.) on Sunday backed a Republican amendment to shield businesses that rely on capital investment from private equity groups from the 15 percent corporate minimum…
- Bloomberg
Winners and Losers in Democrats’ Signature Tax and Energy Bill
(Bloomberg) -- President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment. Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedTurkish Banks Are Adopting Russian Payments System, Erdogan SaysYOLO Stock Bulls Say Wake Me W
- Fortune
GOP strips insulin out-of-pocket cap from bill: ‘Republicans have just gone on the record in favor of expensive insulin’
The bill retains a $35 per month for out-of-pocket insulin co-pays under Medicare even through the GOP successfully removed the cap for private insurance.
- Palm Beach Daily News
DeSantis: Proposed state license plate features warning to "out-of-state cars"
Florida specialty license plate that features "Don't Tread on Me" message warning of government tyranny. DeSantis says a message for out-of-state cars
- The Hill
Graham warned to follow decorum rule after he attacks Democratic colleague
Sen. Lindsey Graham (R-S.C.) received a warning early Sunday morning to follow the Senate’s decorum rules after he accused Sen. Maggie Hassan (D-N.H.) of being “deceitful” and “dishonest” and vowed “we’re going to call you out.” “This gives phony and cynical a bad name,” Graham exclaimed when Hassan introduced her amendment. Graham’s outburst at Hassan…
- HuffPost
Rep. Marjorie Taylor Greene: 'No One Can Convince Me' Jan. 6 Rioters Weren't Antifa
The 2020 election conspiracy theorist added that those criminally charged "for things they shouldn't have done" during the Capitol attack are being unfairly treated.
- The Hill
Harris breaks 50-50 deadlock to advance landmark climate, tax, health bill
The Senate voted along party lines Saturday afternoon to advance a sweeping bill to reform the tax code, tackle climate change and lower the cost of prescription drugs, taking a big step closer to giving President Biden a major victory before the November midterm elections. The Senate voted 51-50 to proceed to the 755-page bill, after Vice President…
- INSIDER
Donald Trump said White House doctor 'loved looking at my body' as he boasts about his health in CPAC speech
Former President Donald Trump used a speech at the CPAC in Dallas to make the case that he is a healthy and energetic 76-year-old.
- Fort Worth Star-Telegram
Texas voters: You don’t have to like Democrats, but you do have to vote Republicans out
Governor Greg Abbott and his GOP cronies have raised your property taxes through the roof and run the state into the ground. | Opinion
- The New Voice of Ukraine
Putin’s orders trap Russian generals in southern Ukraine, military expert says
Russian forces have orders to advance in two directions simultaneously, putting them in a very difficult tactical position, head of the Ukraine-based New Geopolitics Research Network, Mykhailo Samus, said in an interview with NV Radio on Aug. 6.
- Fox News
Nancy Pelosi slammed over so-called 'connection' with China: 'We are truly led by imbeciles'
Speaker Nancy Pelosi is being slammed on Twitter after making comments about her so-called "connection" with China during her trip to the Indo-Pacific.
- Fox News
Tulsi Gabbard blasts Kamala Harris' 'hypocrisy' for Brittney Griner response after marijuana lockups as AG
Former Democratic Congresswoman Tulsi Gabbard slammed Vice-President Kamala Harris in response to her tweet condemning Russia on WNBA star Brittney Griner's imprisonment.
- INSIDER
Trump baselessly claims that Jan. 6 instigators and Gretchen Whitmer kidnap plot were 'fake' in CPAC speech, video shows
Donald Trump alluded to baseless conspiracy theories about the Capitol riot being orchestrated by FBI agents while speaking at CPAC in Dallas, Texas.
- Business Insider
Claims of new Russian atrocity after gruesome image appears to show the head of a Ukrainian POW stuck on a pole
The disturbing image from the Russian-occupied Ukrainian town of Popasna follows an incident where a prison was bombed, killing 53 Ukrainian POWS.
- MarketWatch
Suddenly, stock-market investors are wrestling with ‘boomflation’ after hot July jobs report
Is it stagflation? Recession? Or is something else gripping the U.S. economy that the Federal Reserve and investors need to consider?
- The New Voice of Ukraine
Moscow seeks to freeze war to recoup losses and regroup, Ukrainian official says
The Kremlin is looking to take a a six-month pause in its full-scale invasion of Ukraine in order to build up fresh reserves and replenish its units, Ukrainian presidential advisor Mykhailo Podolyak said in an interview with German newspaper Tagesspiegel on Aug. 7.
- Bloomberg
China’s Trade Surplus at Record as Exports Beat Expectations
(Bloomberg) -- China’s trade surplus rose to a record as exports grew faster than expected, easing some concerns over waning global demand and providing support for an economy battling sporadic Covid outbreaks and property woes.Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedTurkish Banks Are Adopting Russian Payments Syst
- Fox News
Sen. Cruz blasts Dems for pushing 'terrible' spending bill, 'lying' to Americans
Sen. Ted Cruz, R-Texas, discussed what was happening on the Senate floor as a vote-a-rama on the Democrats' social spending and taxation bill continued to go on.
- Rolling Stone
Lindsey Graham Would Like States to Decide If LGBTQ People Count as Fully Human
"If you're going to ask me to have the federal government take over defining marriage, I'm going to say no," the Republican senator said