‘Who was the real Prez?': Hawley blasts Dems over Biden's cognitive decline, demands autopen records

At a fiery Senate Judiciary Committee hearing, Sen. Josh Hawley (R-MO) accused Democrats of orchestrating a massive cover-up surrounding the former president's cognitive health. Hawley slammed top officials for allegedly misleading the American public for years, demanding transparency and the release of autopen consent records to determine who was truly making presidential decisions.
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Time of India

39 minutes ago

• Time of India

Trump's 'Big Beautiful Bill': Senate aims for passage by this date; hopes to finalise it 'even sooner'

Senator Ron Johnson said there's a strong chance that Donald Trump 's "Big Beautiful Bill" could be passed by the Senate and land on the US president's desk by July, possibly before the August recess. "I think we can do it before the August recess, yes, and maybe even sooner than that," Johnson told Fox News. President Trump has earlier urged Congress to send the bill to his desk by July 4, calling it "arguably the most significant piece of legislation that will ever be signed in the history of our country." — bennyjohnson (@bennyjohnson) The wide-ranging legislative package — formally known as the "One, Big, Beautiful Bill" bundles together major tax reforms, spending cuts, and border security proposals that aim to reshape key areas of American policy. At its core, the over 1,000-page bill seeks to make Trump's 2017 tax cuts permanent while adding new tax breaks, such as deductions for tips, overtime, and car loan interest. It also proposes raising the standard deduction to $32,000 for joint filers, boosting the child tax credit to $2,500, and offering a $4,000 deduction for certain seniors. But the bill has sparked backlash over proposed cuts to federal programs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo It includes major reductions in spending on Medicaid and the Supplemental Nutrition Assistance Program (SNAP). The Congressional Budget Office estimates the bill could cut SNAP spending by $295 billion over the next decade and push around 3.2 million people off the program each month by tightening work requirements and shifting more costs to states. While Republicans hold a slight majority in the Senate (53-47), opposition remains — not just from Democrats but also from some GOP senators worried about impacts on vulnerable populations and the potential to worsen the federal deficit.

Time of India

an hour ago

• Time of India

US is 'friend' to others only when its own interests are served: J&K CM's jibe over Trump-Munir lunch; suggests solution to end Middle-East conflict

J&K CM Omar Abdullah (Image credit: ANI) NEW DELHI: Jammu and Kashmir chief minister Omar Abdullah criticised the United States foreign policy, reacting to the recent hosting of Pakistan Army Chief Asif Munir by US President Donald Trump for lunch at the White House. "But clearly, America acts only in its own benefit and has no regard for any other country," he told reporters at Srinagar railway station after returning from Jammu. Abdullah had travelled to Jammu on the newly inaugurated Vande Bharat train from Srinagar to Katra, accompanied by his father, Farooq Abdullah. When asked about the ongoing Iran-Israel conflict, the National Conference leader called for an immediate halt to the war and the issue must be resolved through dialogue. "This bombing should not have started. Before this, when the American intelligence in-charge was asked if Iran had the nuclear bomb, he had said he did not think Iran could make a bomb for a long time. But Israel attacked Iran within a few months. This attack should stop and the issues resolved through talks," he said. Speaking on the situation of Indian students in Iran, Abdullah assured that efforts are being made to bring them home safely. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologists: 1 Teaspoon of This Before Bed Melts Belly Fat Like Crazy Hollywood News | USA Click Here Undo "We cannot bring them back overnight, as airports and ports are closed. We are bringing them via road first to those cities where there is no bombing, then they are being brought back through Armenia. " "We are hopeful that today, 300-400 students are returning, a majority of whom are from J&K. We will bring them home safely," the CM added.

Business Standard

an hour ago

• Business Standard

Fed must prepare to act swiftly if economic data starts going sideways

The most powerful institution in global finance is as completely and utterly confused as the rest of us. At its policy decision Wednesday, the Federal Reserve's rate-setting committee held rates at 4.25 per cent-4.5 per cent, but Chair Jerome Powell and his colleagues essentially acknowledged that they had no idea what would come next. They couldn't precisely project where President Donald Trump's tariff rates would end up, much less how they would impact consumer inflation and the labor market. Nor could they confidently handicap jarring changes to immigration and fiscal policies and the evolving war between Israel and Iran. The big risk, of course, is that the uncertainty and indecision will make the Fed late to arrest a potential increase in unemployment. In the Summary of Economic Projections, the median member of the Federal Open Market Committee penciled in two rate cuts this year. But that 'base case' constitutes a massive oversimplification of the outlook, and some investors may be underestimating just how fat the tails are in the distribution of potential outcomes, even over just the next three or four months. Of the 19 respondents, 14 policymakers thought the risks to their inflation forecasts were weighted to the upside — the same number that thought as much about the risks to their unemployment projections. In a nutshell, they don't pretend to know what's coming, but Chair Powell thinks we may find out relatively soon. Here's Powell at his post-decision press conference (emphasis mine): We feel like we're going to learn a great deal more over the summer on tariffs. We hadn't expected them to show up much by now, and they haven't. And we will see the extent to which they do over coming months. And I think that's going to inform our thinking for one thing. In addition, we'll see how the labor market progresses. Given all of the uncertainty, Powell is right to stay in wait-and-see mode, but he can't linger there too long once the data breaks. Meanwhile, those of us on the sidelines should prepare for the policy outlook to shift quite quickly, potentially as soon as the Fed's Sept. 16-17 meeting. Maybe we really will get two rate cuts this year, but it's also perfectly plausible that we'll get 150 basis points worth — or none. It's a great environment for high-stakes gamblers — but not so much for American households. As Powell alluded to, it's largely trade policy that has put us all in this bind. In recent months, the disinflationary trends in housing and non-housing services have the core personal consumption expenditures deflator — the Fed's preferred inflation gauge — up around 2.6 per cent in May from a year earlier (this based on a Bloomberg Economics' estimate from the consumer and producer price data). That's not at all terrible, and it would probably be poised to converge on the Fed's 2 per cent target if not for Trump's extremely ill-timed and pointless trade wars. Without tariffs, the Fed would probably be cutting right now, providing ballast to a wobbly labor market and a housing market that's already seeing year-over-year price drops in some parts of the country. Unfortunately, the central bank has to play the hand it's dealt. In the immediate term, we still don't know if companies will pass on higher prices to consumers, accept narrower margins or manage their way to stable prices by laying off parts of their workforce — and maybe it will be a combination of all three. The risks to both the Fed's stable prices and maximum employment mandates are substantial, and that's causing paralysis among policymakers — a weird 'calm before the storm' effect both at the Fed and in financial markets. But at some point before autumn, we are very likely to see something shatter that calm. An alarming jump in initial jobless claims could lead to rate cuts above and beyond any policymaker's base case. A jarring CPI report or two could keep the Fed on hold for longer and prompt a selloff in bonds. And a jump in realized inflation coupled with signs of unanchored inflation expectations could even put hikes back on the table. If they're late to mitigate the damage, Fed policymakers can take cover in blaming Trump's self-sabotaging trade policy. But they must prepare to act immediately and convincingly once the signals break in a particular direction.