US-Justizministerium: Trumps Steuerunterlagen müssen an den Kongress tagesschau.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tagesschau.de Daily Mail and Mail on Sunday newspapers.
Minneapolis Star Tribune: Get to the bottom of Jan. 6
The Minneapolis Star Tribune
On Jan. 6, Americans witnessed on live television what few could have imagined: a violent, real-time invasion of the U.S. Capitol as part of an attempt to halt the peaceful transfer of power from one president to the next.
It has taken until now, seven months later, to even begin the congressional investigation that should have begun soon after these events. But that delay has not dimmed the power of the gut-twisting testimony offered Tuesday by four police officers who found themselves in hand-to-hand combat that day, determined to protect the Capitol and its inhabitants at the risk of their lives.
Federal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, Thursday, July 15, 2021, on Capitol Hill in Washington. (AP Photo/Jose Luis Magana)
WASHINGTON (AP) – The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery.
But on Wednesday, Federal Reserve Chair Jerome Powell injected a note of reassurance, suggesting that the delta variant poses little threat to the economy, at least so far.
“What we’ve seen is with successive waves of COVID over the past year and some months now,” Powell said at a news conference, “there has tended to be less in the way of economic implications from each wave. We will see whether that is the case with the delta variety, but it’s certainly not an unreasonable expectation.”
Since the start of the pandemic, both the Trump and Biden administrations have passed massive stimulus bills. Congress is currently negotiating even more spending, in the form of a pair of large infrastructure measures.
Meanwhile, there isn’t much vocal pushback against that spending. It wasn’t a major issue in the 2020 election, and the Republicans in Congress have not made spending concerns a major part of their messaging, which has traditionally been the case during past Democratic presidential administrations.
However, a recent op-ed did in fact call for cutting of spending, including for Social Security and Medicare.
Idaho Statesman that “Congress must consider cuts in Medicare and Social Security.”
What we’ve seen is with successive waves of COVID over the past year and some months now, Powell said at a news conference, there has tended to be less in the way of economic implications from each wave. We will see whether that is the case with the delta variety, but it’s certainly not an unreasonable expectation.
Powell spoke after the Fed ended its latest policy meeting in which it signaled, for the first time since the pandemic began to ease, that the economy is moving closer to the substantial further progress it wants to see before reducing the $120 billion in bonds it is buying each month. Those purchases are intended to lower rates on longer-term consumer and business loans to spur more borrowing and spending.