The discussion covered the U.S. tariff policy, with a 10% baseline for other countries and a 125% tariff for China due to their escalation. Matt Gagnon highlighted the delay in the Republican budget blueprint vote due to conservative opposition, emphasizing the need for Congress to act on executive orders for permanence. He noted the volatility in the stock and bond markets, with the bond market valued at $50 trillion and a $9 trillion refinancing need this year. Gagnon also discussed the impact of rising bond yields on debt repayment costs, comparing it to Pentagon spending. He stressed the importance of economic growth metrics since 2008 and the need for a coherent strategy to address the country’s fiscal situation.
The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
Republican Clay Fuller on Tuesday won Marjorie Taylor Greene's former U.S. House seat in Georgia, turning back a Democratic challenge with the help of President Donald Trump's endorsement despite uneasiness over the war in Iran.
A Long Island architect accused in a string of long-unsolved slayings known as the Gilgo Beach killings is expected to plead guilty on Wednesday, closing a case that bedeviled investigators, agonized victims' relatives and tantalized a true-crime obsessed public for years.
Route 66 marks its 100th anniversary this year. Despite losing its status decades ago as one of the nation's main arteries, people from around the world still flock to it to take perhaps the quintessential American road trip and soak in its neon lights, kitschy motels and attractions, and culinary offerings.
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