Tag: cuts
-
Barack Obama cuts a new ad for Elissa Slotkin in battleground Michigan Senate race
Former President Barack Obama is wading into the Senate race in Michigan, endorsing Democratic Rep. Elissa Slotkin and starring in a new ad for her as some voters start to receive absentee ballots in the critical state. It’s the first time this election that voters will see a Senate ad from Obama as Democrats try…
-
GOP senator eyes health care overhaul and extending Trump tax cuts in one big 2025 bill
As Donald Trump calls for overhauling the Affordable Care Act with a new health care system, one Republican senator running for an influential leadership position says the party should combine that pursuit with a major tax bill in the new year. Sen. Tom Cotton, R-Ark., told NBC News after the vice presidential debate in New…
-
Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’
Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller. The central bank chief asserted during a speech in Nashville, he and his colleagues will seek to…
-
Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction. “I think after 50 basis points, we’re still in a net tight position,” Kashkari said in a CNBC “Squawk Box” interview. “So I was comfortable taking a…