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California lawmakers unveil budget rejecting Gavin Newsom spending cuts. Here’s their plan
Merced Sun-Star via Yahoo News· 6 days agoThe governor’s spending plan would have stripped billions in Medi-Cal provider rate increases that...
European stocks climb on eve of expected eurozone rate cut
AFP via Yahoo Finance· 1 hour agoEurope's equity markets climbed Wednesday with traders boosted on the eve of an expected...
US inflation up moderately in April, consumer spending weakens
Reuters· 5 days agoU.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the...
California will refund more than $52 million to federal government for immigrant care
Los Angeles Times· 3 hours agoCalifornia needs to repay more than $52 million to the federal government after improperly claiming...
Bond Traders Pile Into Fresh Bets on Faster Pace of Fed Cuts
Bloomberg via Yahoo Finance· 3 hours ago(Bloomberg) -- Bond traders are tilting dovish again, piling into wagers that would benefit from a...
The right’s case for tax hikes
Politico· 36 minutes ago...reporting, most Democrats believe at least half of deficit reduction should come from spending cuts and most Republicans believe at least a quarter should come through tax increases...energy programs, higher education and student loans, and defense are the three most popular areas to cut, while...
Don’t sleep on the possibility of a Fed rate cut in July, economists say
Market Watch· 2 days agoMost Wall Street economists think investors can take the summer off, with no Federal Reserve rate ...
Bond Markets Are Sniffing Out Trouble. It’s Unrelated to Inflation.
Barrons.com· 10 hours agoThe fourth quarter is “the time where we might actually think about and be prepared to reduce...
Snap up gold ETF ahead of potential interest rate cuts as deficits persist, market pro says
CNBC· 23 hours agoGold is a smart investment idea amid heightened government deficit spending — and any cuts to...
Congress is already bracing for a 2025 fiscal pileup
Politico via Yahoo Finance· 2 days agoCongress is headed for a perilous spending pileup in early 2025 — with crisis points on the debt ceiling, federal spending, tax cuts and budget caps all ...
