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MSNBC MSNBC Prime July 7, 2024

chuckat schumer, released a joi statement, with senator manchin saying that theem west virginia democrat will now support, not oppose, but yes, support the democrats rt big new budget dea. despite objecting to it, just two weeks ago. now, we don t have all the details yet, but a one-page summary says that the deal will make progress in some pretty big areas. including a 15% minimum tax on corporations, along with other provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. decreasing energy production and decreasing carbon emissions over the next 40%. which would be huge. and 725 pages. obviously, this is not a done deal yet reactions from other democratic members of congress have ranged from cautious optimismge to outright frustratn at having apparently been kept ou ....

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MSNBC MSNBC Prime June 4, 2024 08:04:00

Butee each interest rate increa, it increases the cost of mortgages and car loans and student loan payments and those higher costs are not some bad side effect of the fed s policy goal, rather increasing borrowing costs across the economy is the goal. it is what jerome powell wants to happen. because when people have less money, the theory is they spend less money and when people spend less money, inflation goes down. that is whatat we are talking about when i we say that the federal reserve is raising interest rate. there is a case to be made that is the kind of tough medicine our economy needs right now to keep prices from continuing to soar. which is ace real problem that needs to be addressed. but there are also those who think wet may be on the verge taking it too far. one of those people is senator warren. this week, she published this op-ed in the wall street journal, jerome powell s fed pursues a painful and ineffective inflation cure and the senator writes quote, when the fe ....

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