The Fed continues its fight against inflation—raising interest rates 75 basis points today. We talk with an American business to find out if the rate hikes are working. One of America’s big problems: a shrinking middle class. One top economist says America doesn’t even have a middle class anymore. A top Republican pushing back against President Biden….
NTD Business (Nov. 2): Economist: US No Longer Has a Middle Class; Fed Signals More Rate Hikes Ahead
Democrats Refusing to Ban Middle-Class Tax Hikes in New Spending Bill
Democrats rejected a Republican proposal to ban tax hikes for the middle class while passing its new Inflation Reduction Act spending bill on Aug. 7. U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) filed an amendment to prevent the Internal Revenue Service (IRS) from using the $80 billion in new funds allocated under the…
US News
- Daniel Y. TengBeijing has declined an invitation to meet with top U.S. officials this coming weekend, according to the Pentagon on May 29. The decision effectively shutters the potential dialogue between Defense… [...]
- Joseph LordThe National Memorial Day Parade returned to Constitution Avenue in Washington on May 29. The program was headlined by three legends of the U.S. Apollo Program, astronauts Rusty Schweikert of… [...]
- Carol CassisSANTA ANA, Calif.—Over 3,000 locals and veterans gathered at Fairhaven Memorial Park and Mortuary to honor local heroes for their military service to the country on the morning of Memorial… [...]
- John FredricksWestminster officials declared last week that September 9, 2023, will be proclaimed Massoud Day after Ahmad Massoud, described as the founding father of the resistance against the Soviet invasion of… [...]
- Hans MahnckeThe Epoch Times presents the second part of an exclusive edited extract from the forthcoming book “Swiftboating America” by Hans Mahncke, co-host of “Truth over News” on EpochTV. Sign up… [...]
- City News ServiceSAN DIEGO—Three people were injured in a head-on collision in the Sorrento Valley area of San Diego, authorities said May 29. The crash occurred at 8:53 p.m. Sunday in the… [...]
- The Associated PressSAN JOSE, Calif.—A man in police custody died Thursday in Northern California after he broke a hospital’s window with a metal oxygen tank and fell off a ledge following an… [...]
- City News ServiceNORTHRIDGE, Calif.—A hit-and-run motorist behind the wheel of a BMW struck and killed a motorcyclist in Northridge, authorities said May 28. The suspect’s vehicle was going eastbound on Roscoe Boulevard… [...]
- Steve LanceFormer Lieutenant Colonel Matt Lohmeier shares with us the challenges that service members face in the military. He calls on people to express their gratitude to the men and women in… [...]
- City News ServiceSAN DIEGO—Residents from the San Diego region and elsewhere honored those who gave their lives in military service to the nation during several Memorial Day events May 29 in the… [...]