Treasury Secretary Janet Yellen warned congressional leadership Tuesday that the federal government could default on its debt next month if they don’t take action to raise the debt ceiling. In a letter to top lawmakers, Ms. Yellen projected that …
Author: Jeff Mordock
Biden says Fed chair pick could come this week
President Biden said Tuesday that he expects to announce his pick to chair the Federal Reserve in “about four days.” Speaking with reporters in New Hampshire, where he visited to tout his newly-signed $1.2 trillion infrastructure law, Mr. B…
Joe Biden says ‘guardrails’ needed to prevent conflict with China
President Biden on Monday told Chinese President Xi Jinping that “guardrails” are needed so that tensions between the two nations do not “veer into conflict.” “As I said before, it seems to be our responsibility — as…
Biden signs $1T infrastructure bill into law, opening up funds for roads, ports
President Biden signed his $1.2 trillion bipartisan infrastructure package into law on Monday, opening up federal funds for railroads, bridges, mass transit, broadband and utilities. “For too long, we’ve talked about having the best economy in the worl…
Biden’s $390 billion universal preschool plan based on troubled Head Start program
President Biden has modeled his universal preschool plan — the biggest expansion of publicly subsidized education in more than 100 years — on Head Start, a preschool program for poor children that even the federal government says has no dis…
Washington Post corrects, removes parts of two stories that relied on Steele dossier
In a stunning move late Friday, The Washington Post corrected earlier reporting that relied on the discredited Steele dossier, removing large portions from the articles about former President Trump’s alleged ties to Russia. The corrections come a…
Joe Biden to nominate Robert Califf to lead the FDA once more: Report
President Biden is expected to nominate Dr. Robert Califf to be the next commissioner of the Food and Drug Administration, a position he held during the Obama administration, according to media reports on Friday. Dr. Califf, a longtime cardiologi…
Biden touts infrastructure bill as easing port congestion
President Biden on Wednesday visited the Port of Baltimore to tout his infrastructure bill, saying it will reduce supply-chain congestion as the holiday season looms with rising prices and delayed deliveries. “The bipartisan infrastructure bill is a ma…
On defensive, Biden says spending bill will lower inflation
President Biden insisted Wednesday that his massive social spending bill will ease inflation and lower prices, going on the defensive after back-to-back grim economic reports from the Department of Labor. Mr. Biden said the $1.75 trillion proposal, whi…
Jake Sullivan outed as ‘foreign policy adviser’ in Durham indictment: Report
White House National Security Adviser Jake Sullivan is the “foreign policy adviser” identified in special counsel John Durham’s indictment of Democratic lawyer Michael Sussmann, according to a report Tuesday. The revelation, reported by Fox News, is th…