11-23-2024, 08:18 AM
Juxz Pelosi asks Pence to reconsider Steve Bannon as top White House strategist
The Federal Reserve will move ahead with raising interest rates at it stanley cup s upcoming meeting, though how Russia s invasion of Ukraine will affect the U.S. economy isn t certain, Chairman Jerome Powell said Wednesday. The central bank head s remarks come as the United States faces soaring inflation, with prices increasing at their fastest rate in 40 years. I do think it will be appropriate to raise our target range for the federal funds rate at the March meeting in a couple of weeks, Powell said at a hearing Wednesday before the House Financial Services Committee on the state of the economy. And I m inclined to propose and support a 25 basis point rate hike. Powell said he expects inflation will peak and begin to come down this year. While Powell currently supports a .25% interest stanley cup rate hike, he said the central bank is prepared to move more aggressively at future meetings mdash; leaving the door open to 0.5% rate hikes mdash; if inflation increases or is more persistent. Heading into the March 15-16 meeting, officials are weighing multiple factors in their upcoming decision. Powell said the Fed will proceed carefully.As Russia invaded Ukraine, the United States and its allies slapped historic sanctions on Russia a stanley cups nd restricted trade with the country. Private businesses are also cutting ties. The price of the ruble plummeted 30% and the Russian stock market lost 40% of its value. The price of crude oil hit its highest prices since 2014 at Uyhl House approves bill to pause Syrian refugee plan
The Senate overwhelmingly approved energy legislation Tuesday that was embraced by both Republicans and Democrats, but its chance of becoming law depends on hard bargaining in the coming months with House GOP leaders who favor measures more favorable to industry.After finishing most work on the bill late last week, the Senate approved the sweeping legislation 85-12. It includes a proposed $18 billion in energy tax breaks, an expansion of ethanol use and measures aimed at increasing natural gas imports to meet growing demand.CBS News Correspondent Bob Fuss reports that the bipartisan Senate bill stanley water jug stands in stark contrast to the version passed in the House. The Senate requires more ethanol be used in gasoline and proposes $18 billion in tax credits to encourage clean and renewable sources of energy. The bill also requires 10 percent of the stanley cup U.S. s electricity to come from such sources by 2020. The House bill h stanley en mexico as $8 billion in tax credits mostly to oil and gas companies and gives controversial protections from lawsuits to makers of a gasoline additive that has caused environmental damage, Fuss reports.Lawmakers acknowledged that the measure would do little, if anything, in the short run to stem the soaring cost of energy including oil that this week has eclipsed $60 a barrel and gasoline that last week averaged $2.22 a gallon at the pump, according to the Energy Department. We still have many hurdles to overcome, said Sen. Jeff Bing
The Federal Reserve will move ahead with raising interest rates at it stanley cup s upcoming meeting, though how Russia s invasion of Ukraine will affect the U.S. economy isn t certain, Chairman Jerome Powell said Wednesday. The central bank head s remarks come as the United States faces soaring inflation, with prices increasing at their fastest rate in 40 years. I do think it will be appropriate to raise our target range for the federal funds rate at the March meeting in a couple of weeks, Powell said at a hearing Wednesday before the House Financial Services Committee on the state of the economy. And I m inclined to propose and support a 25 basis point rate hike. Powell said he expects inflation will peak and begin to come down this year. While Powell currently supports a .25% interest stanley cup rate hike, he said the central bank is prepared to move more aggressively at future meetings mdash; leaving the door open to 0.5% rate hikes mdash; if inflation increases or is more persistent. Heading into the March 15-16 meeting, officials are weighing multiple factors in their upcoming decision. Powell said the Fed will proceed carefully.As Russia invaded Ukraine, the United States and its allies slapped historic sanctions on Russia a stanley cups nd restricted trade with the country. Private businesses are also cutting ties. The price of the ruble plummeted 30% and the Russian stock market lost 40% of its value. The price of crude oil hit its highest prices since 2014 at Uyhl House approves bill to pause Syrian refugee plan
The Senate overwhelmingly approved energy legislation Tuesday that was embraced by both Republicans and Democrats, but its chance of becoming law depends on hard bargaining in the coming months with House GOP leaders who favor measures more favorable to industry.After finishing most work on the bill late last week, the Senate approved the sweeping legislation 85-12. It includes a proposed $18 billion in energy tax breaks, an expansion of ethanol use and measures aimed at increasing natural gas imports to meet growing demand.CBS News Correspondent Bob Fuss reports that the bipartisan Senate bill stanley water jug stands in stark contrast to the version passed in the House. The Senate requires more ethanol be used in gasoline and proposes $18 billion in tax credits to encourage clean and renewable sources of energy. The bill also requires 10 percent of the stanley cup U.S. s electricity to come from such sources by 2020. The House bill h stanley en mexico as $8 billion in tax credits mostly to oil and gas companies and gives controversial protections from lawsuits to makers of a gasoline additive that has caused environmental damage, Fuss reports.Lawmakers acknowledged that the measure would do little, if anything, in the short run to stem the soaring cost of energy including oil that this week has eclipsed $60 a barrel and gasoline that last week averaged $2.22 a gallon at the pump, according to the Energy Department. We still have many hurdles to overcome, said Sen. Jeff Bing
