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Biden takes aim at his nation’s billionaires

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2 years ago

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Joe Biden says upcoming budget will include higher taxes, aimed at America’s wealthiest residents

 
Joe Biden says his March 9 budget proposal to the U.S. Congress will include some higher taxes, as the president targets the nation’s billionaires.

Speaking in Virginia, Biden confirmed he won’t violate his pledge not to raise rates on those Americans making less than $400,000 a year.

This was one of Biden’s key 2020 campaign pledges.

Meanwhile, the White House is facing pressure from the other side of the aisle – as Republicans threaten to not raise the debt limit unless the president agrees to sharp spending cuts.

Biden is vowing to slash the deficit by $2 trillion over 10 years in this upcoming budget proposal.

He is also challenging Republicans to release their own proposals and to negotiate over this, rather than over whether the country should raise the debt ceiling and pay its existing bills. #trending #featured

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Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

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16 hours ago

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June 20, 2025

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Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

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Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

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16 hours ago

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June 20, 2025

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Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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2 days ago

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June 19, 2025

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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