Navigating Economic Uncertainty: Treasury Yields Rise Amid Data Gaps and Trade Optimism
Economic Indicators in Flux as Government Shutdown Persists U.S. Treasury yields have edged higher this week as market participants grapple…
Tag: Republican Party (United States)
Healthcare Policy Paralysis: How GOP’s Internal Rift Threatens Political Future Amid Shutdown
GOP’s Healthcare Conundrum Deepens as Shutdown Drags On As the federal shutdown enters its fourth week with no resolution in…
President Trump Grants Clemency to Former Congressman George Santos, Orders Prison Release
Former U.S. Representative George Santos has been released from prison after President Donald Trump commuted his seven-year sentence for fraud and identity theft. The controversial former lawmaker had been serving time after convictions related to campaign finance violations during his 2022 election campaign.
Presidential Intervention in High-Profile Case
President Donald Trump has commuted the prison sentence of former U.S. Representative George Santos, ordering his immediate release from federal custody, according to reports from Reuters. The controversial former lawmaker had been serving an 87-month sentence for fraud and identity theft convictions related to his 2022 congressional campaign.
Financial Regulators Reverse Course on Climate Risk Planning as Political Winds Shift
Federal Banking Regulators Rescind Climate Risk Mandate In a significant policy reversal, federal banking regulators have withdrawn requirements for major…
Government Shutdown Costing U.S. Economy $15 Billion Daily, Treasury Secretary Warns
The ongoing federal government shutdown is reportedly costing the U.S. economy approximately $15 billion per day in lost output, according to Treasury Secretary Scott Bessent. The Treasury chief warned the shutdown is beginning to “cut into muscle” of the economy despite what he described as sustainable investment growth in areas including artificial intelligence.
Shutdown’s Economic Impact Reaches $15 Billion Daily
The two-week-old federal government shutdown is costing the U.S. economy approximately $15 billion daily in lost output, Treasury Secretary Scott Bessent stated Wednesday. According to reports from Washington, Bessent put this specific estimate on the economic toll while urging Democratic lawmakers to “be heroes” and side with Republicans to end the impasse.