The Department of Justice (DOJ), along with 15 states and the District of Columbia, filed a civil lawsuit against Apple Inc. on March 21, accusing the company of illegally monopolizing the smartphone market. They claim that Apple has attempted to limit competition via the firm’s App Store and other Apple features, harming consumers, small businesses, […]
A new project aims to help states maintain balanced budgets in order to put more money back in the pockets of Americans. Vance Ginn, the president of Ginn Economic Consulting, has partnered with Americans for Tax Reform to develop the “Sustainable Budget Project” to this end. Mr. Ginn says limiting government creates more liberty and […]
House Speaker Mike Johnson (R-La.) said on Jan. 10 that he is not concerned about the possibility of being stripped of the position of being second in line to the presidency over a spending deal he made with Senate Majority Leader Chuck Schumer (D-N.Y.). “I’m not concerned about that,” said Mr. Johnson during the House […]
There are only two weeks till the U.S. government reportedly runs out of money, and how likely are we to see a default? NTD spoke to Vance Ginn, a senior fellow at Americans for Tax Reform, who says that the debt ceiling isn’t a tax revenue problem but a government spending problem.
The March Consumer Price Index showed U.S. annual inflation hit a low not seen since May 2021. Joseph Trevisani, a senior market analyst at FXStreet, tells NTD three factors contributed to this. Those are reduced government spending, less liquidity injected into the economy by the Federal Reserve, and supply issues easing. Trevisani also says the […]
Besides the $500 million in military aid for Kyiv President Joe Biden announced on Feb. 20, Washington approved $113 billion for Ukraine last year. This comes as the United States faces a possible default on its record-high national debt during a period of high inflation. NTD spoke to an economist about some of the impacts […]
The fight around Arizona’s gubernatorial election continues. Governor-elect Katie Hobbs and Maricopa County have asked a court to sanction Kari Lake. Thousands of U.S. flights were canceled, the vast majority from Southwest Airlines. The Department of Transportation is saying they’ll examine what they’re calling an unacceptable rate of cancellations. Billions of dollars are spent on maintaining empty buildings and millions […]
Senator Rand Paul released his annual report on wasteful government spending Friday. It’s called the “Festivus” report, and it shows federal spending waste totaling $482 billion. It’s the eighth edition of the annual report. Some of the highlights include the National Institutes of Health spending $2.3 million injecting beagle puppies with cocaine and $187,500 to […]
President Joe Biden is delivering a Christmas address. What is his message, and his warning about dangerous winter storms bearing down across the country? Congress has approved $1.7 trillion to fund the government for next year. The Senate barely garnered enough votes to push it through—with most Republicans opposed. Rep. Byron Donalds (R-Fla.) joins us […]
With a global recession predicted within the next 6–12 months (some say we’re already in one), we look at not only the financial hardship economic downturns bring, but also how they can often be used to expand the role of government in our lives. Stephen Moore, acclaimed economist and former economic adviser to the Trump White […]
Treasury Secretary Janet Yellen on Tuesday admitted to something most Americans have known for months: that she and other top officials last year wrongly assessed the rising inflation. In 2021, Yellen said inflation posed only “a small risk.” She was among those who initially framed inflation as a temporary side effect of the economy returning […]
With President Joe Biden trying to push his massive spending Build Back Better bill, some people are saying this will surely enter the United States economy into a recession. To find out why that may be, NTD spoke with Charles Mizrahi, founder of Alpha Investor and author of “Wall Street Profits for Main Street Investors.”
This week marks President Joe Biden’s first year since taking office, and his approval rating is polling at all-time lows. Many Americans are deeply concerned about the economy and rising inflation. NTD discussed the situation with Rep. Jason Smith (R-Mo.).
The FDA is authorizing a second pill to treat COVID-19. How effective is it and who can get it? One Chinese city that’s larger than the Big Apple is again under tight lockdown, after reporting over a hundred CCP (Chinese Communist Party) virus cases. How strict are the measures and how are people reacting to it? A senator details […]
The money supply has expanded by $6 trillion since January 2020: in March 2020, $2 trillion in COVID-19 relief; another stimulus package just one year later; and now, onto the next trillion—the infrastructure bill.
Against the inflationary backdrop, Democrats are still pushing for more spending and likely higher deficits. But the Treasury secretary says this type of spending will be anti-inflationary for the Americans who get more free services from the government. NTD asked Joseph Trevisani, senior analyst at FX Street, about if this really is a legitimate way […]
Dr. Arthur Laffer is known as the father of supply-side economics. He designed the famous Laffer Curve that showed that higher taxes don’t necessarily mean higher tax revenue for the government. A chief economist at the Office of Management and Budget in the 1970s and later an economic adviser to President Ronald Reagan and President […]
