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On The Money: Headaches mount for Biden in spending fight | McConnell to Schumer: Don't hold bipartisan bill 'hostage' | Court dismisses FTC, state antitrust cases against Facebook

McConnell to Schumer, Pelosi: Don t hold bipartisan bill hostage
The White House on Monday pushed back against critics who say a bipartisan infrastructure deal endorsed by President Biden leaves out bold provisions to address climate change.
LEADING THE DAY
Court dismisses FTC, state antitrust cases against Facebook: A D.C. federal court on Monday dismissed two antitrust cases brought against Facebook last year in a major setback for federal and state regulators.
The Federal Trade Commission (FTC) will have an opportunity to file an amended complaint, but the challenge from a coalition of state attorneys general led by New York s Letitia James (D) has been dismissed entirely. ....

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Overnight Finance: Republicans warn Biden over infrastructure deal | White House pushes back on criticism | Biden phones Sinema

Overnight Finance: Republicans warn Biden over infrastructure deal | White House pushes back on criticism | Biden phones Sinema
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Overnight Finance: Republicans warn Biden over infrastructure deal | White House pushes back on criticism | Biden phones Sinema | Consumer spending flat in May, personal incomes drop

Overnight Finance: Republicans warn Biden over infrastructure deal | White House pushes back on criticism | Biden phones Sinema | Consumer spending flat in May, personal incomes drop
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On The Money: Yellen, Powell brush off inflation fears | Fed keeps rates steady, upgrades growth projections

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THE BIG DEAL Fed chief brushes off fears of extended inflation: Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. is on track for a strong rebound from the coronavirus pandemic even as the economy hits inflationary speed bumps on the path to full recovery.
Powell spoke to reporters after the Federal Open Market Committee (FOMC) the Fed’s monetary policymaking arm announced that it would hold its baseline interest rate range steady at 0 to 0.25 percent and continue to purchase $120 billion in Treasury and mortgage bonds each month.
During the press conference, Powell brushed off fears that the recent inflation surge would force the Fed to slam on the brakes with an interest rate hike sooner than expected. ....

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On The Money: Sanders: Democrats considering $6 trillion spending package | Weekly jobless claims rise for first time since April

On The Money: Sanders: Democrats considering $6 trillion spending package | Weekly jobless claims rise for first time since April
thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.

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