BREAKING: The White House and Republicans have reached an agreement to avoid a US default. Kevin McCarthy will give formal remarks at 9:10 p.m. ET.

WASHINGTON — House Republicans reached a tentative deal with the White House on Saturday night to address the nation’s borrowing limit and avoid a catastrophic default on U.S. sovereign debt. Three Republican sources said there is a tentative agreement between …

READ MORE

Powell Testimony – Prepared Remarks TLDR “Higher than expected interest rates”. 1 mention of disinflation

by danielhanchen https://www.federalreserve.gov/newsevents/testimony/powell20230307a.htm Main takeaways: Disinflationary trends have partially reversed in the recent months. PCE Core services ex housing shows no disinflation at all. Rents will show disinflation in the following months. Stronger than expected economic data most likely will …

READ MORE

Danielle DiMartino: “I find this to be highly ironic (Powell’s remarks on inequality) because the Fed has been instrumental in widening inequality by looking like they want to prop up Wall Street and the top 1%…who own 80% of stocks.”

"I find this to be highly ironic (Powell's remarks on inequality) because the Fed has been instrumental in widening inequality by looking like they want to prop up Wall Street and the top 1%…who own 80% of stocks." @QuillIntel on …

READ MORE

Julian Assange is in immense danger. Remarks made this week by Ecuador’s foreign minister suggest that her government may be preparing to hand him over to British and then American authorities.

Assange, who has heroically fought to expose criminal conspiracies by imperialist war mongers, is being threatened with extradition to the US. If that happens, he faces criminal prosecution and even execution for his role in revealing the US government’s secrets. …

READ MORE