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On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House is okay with the latest GDP report, “especially once you get under the hood, you take out some of those more volatile components, consumer spending and investment look great.” And “the underlying economy is solid as ever.” Guest host Edward Lawrence asked, “When you dig into this GDP report…you find that the first quarter personal consumption grew at 2.5%, the non-defense government spending grew at 0.3%, but if you look back to the fourth...

It is more expensive than ever to buy a home in the U.S., according to a new report from the real estate company Redfin. The median home price hit a record $383,725 during the four week period ending April 21. That’s up 5.2 percent from a year ago, Redfin found, one of the largest leaps in home prices since October 2022. The average 30-year fixed mortgage rate hit 7.1 percent this week, the highest it’s been since November 2023. Mortgage rates dipped briefly at the end of last year after the Federal Reserve signaled it would cut interest rates this...

Reading through the 'brutal details' of the Biden/Hur transcript it's clear the old man hopped up on whatever they put in his system during the SOTU last week is not the same old man mentally Hur interviewed. Perhaps if they had given Biden the same cocktail during the interview? Then again, they may have known it was to his benefit for Hur to find him too mentally old to be charged for his actions. Have we mentioned we're living in the stupidest time like, ever? Yeah? Well, it's still true. BRUTAL details from the Biden/Hur transcript according to the New...

WASHINGTON - Robert Hur will arrive on Capitol Hill this week intent on turning down the political temperature surrounding his report on President Biden’s mishandling of classified documents, according to people familiar with his preparations. That won’t be easy. Hur, the special counsel appointed early last year to look into the Biden documents case, is expected to face intense grilling from lawmakers on both sides of the aisle Tuesday when he appears before the House Judiciary Committee, where the president’s allies are bracing for a new round of questions about Biden’s mental acuity. In a 345-page report last month, Hur,...

resident Biden's administration and liberal supporters in Washington are bracing for a possible Donald Trump victory in November by installing "roadblocks" to limit the latter's ability to fire thousands of government workers, according to a new report. The Associated Press reported that a cabal of left-leaning experts, legal advisers and others are confident Biden will be re-elected but are urging him to prepare for the worst: another Trump presidency beginning in 2025. "My impression is the Biden administration is taking very seriously that potential threat and is trying to do things now," Michael Linden, former executive associate director of the...

Plastics producers have promoted recycling their products as an environmental solution for decades despite firsthand knowledge that it was not feasible, according to a report published Thursday. More than 99 percent of plastics are produced using fossil fuels, and of these, the vast majority cannot be “recycled” in the sense of being processed and turned into entirely new products, according to the report from the Center for Climate Integrity. Viable end markets, or businesses that buy recyclables to make new products, only exist for polyethylene terephthalate and high-density polyethylene plastic containers, according to the report. Environmental Protection Agency materials have...

On Tuesday’s broadcast of CNBC’s “Money Movers,” White House National Economic Council Director Lael Brainard reacted to the January CPI inflation report by stating that there are probably “some anomalies in today’s report” and that overall data on the economy is good. She also argued that grocery corporations are gouging. Brainard said, “You know what, I always look at the data picture. I don’t overly weight one data point. And the overall picture looks good. Growth above 3, unemployment below 4, and inflation down by two-thirds, now, of course, we want to keep working to lower costs for the American...

So, Jill Biden has lashed out at special counsel Robert Hur over his report that let her husband off the hook for willfully retaining and sharing classified files — due to the commander in chief’s total lack of recall while being questioned. It’s as predictable as it is risible. “I hope you can imagine how it felt to read that attack — not just as Joe’s wife, but as Beau’s mother,” the First Lady lamented on in a campaign email on the weekend. “I don’t know what this Special Counsel was trying to achieve… I can’t imagine why someone would...

The Biden administration, after urging by left-wing Democrats, issued a memorandum Thursday that will require Israel to submit a report within 45 days on its compliance with international humanitarian law in its war against Hamas terrorists in Gaza. The memorandum, announced by the White House, theoretically applies to any country that receives weapons from the United States and is actively involved in armed conflict. But the White House all but admitted Friday that it was targeted at Israel.

Illinois Gov. JB Pritzker (D) scrutinized language in the special counsel’s report, released Thursday, on President Biden’s retention of classified documents — including comments about the president’s age and memory. “I smell a rat,” Pritzker, one of the top surrogates in Biden’s reelection campaign, said during a press conference Friday. “It was extremely unfair for a [former President] Trump appointee, originally to the Department of Justice, to offer his own opinions about the mental acuity or age of the president of the United States,” he added. His defense of Biden comes after DOJ special counsel Robert Hur, who was tasked...

From a political point of view, Thursday’s Special Counsel report is a perfect storm of bad news for His Fraudulency Joe Biden and an equally perfect storm of good news for former President Donald Trump. Trump could not have asked for a better outcome than the one delivered by Special Counsel Robert Hur. We’ll take these one by one: Our investigation uncovered evidence that President Biden willfully retained and disclosed classified materials after his vice presidency when he was a private citizen. These materials included (1) marked classified documents about military and foreign policy in Afghanistan, and (2) notebooks containing...

President Biden’s 2024 re-election team is worried that a Justice Department report on his retention of classified documents will unearth “embarrassing details,” according to a new report. Attorney General Merrick Garland tapped special counsel Robert Hur to investigate the matter on Jan. 12, 2023, following FBI searches of Biden’s post-vice presidency Washington, DC, office and Delaware mansion for the sensitive files. More than a year later, the Biden camp anticipates Hur’s team will release its final report on the classified documents inquiry as soon as this week, with information and photos that could complicate the president’s re-election effort, Axios reported....

Job growth soared past expectations in January and wages rose faster than inflation, exhibiting more strength at the start of an election year in which the economy could be a huge factor. The U.S. economy added 353,000 jobs last month, according to the Labor Department, about double what economists were expecting in different forecasts. The unemployment rate held steady at 3.7 percent. Wages on nonfarm payrolls rose by 0.6 percent to $34.55, double the monthly pace of headline inflation in December. Annual wage growth ticked up to 4.47 percent, still considerably higher than the 3.5-percent growth that many economists think...

There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows. That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. Since the government wiped out 439,000 jobs after the fact, the total percentage of jobs created by the government last year is even higher. Increased government hiring has been driving the jobs numbers higher. This matters because U.S. jobs reports move the markets and U.S. Treasury yields....

A United Nations report published Thursday details the “rapidly deteriorating human rights situation” in the West Bank and called on Israel to end the “unlawful killings” against Palestinians. The report, published by the Office of the U.N. High Commissioner for Human Rights (OHCHR), called for an “immediate end to the use of military weapons and means during law enforcement operations” and an end to the “arbitrary detention and ill-treatment of Palestinians.” The report found that from Oct. 7 — when Hamas invaded Israel in a surprise attack — until Wednesday, there were 291 Palestinian deaths in the occupied West Bank,...

Democrats would reportedly advise President Joe Biden to “heave” so-called “Bidenomics” into the “dumpster” after polling shows just 14 percent of voters say Biden has made them better off. The reported unsolicited advice signals infighting among Democrats and the president’s uphill battle to convince voters he deserves reelection. “Perhaps the most overwhelming economic messaging advice I picked up from Democrats was for him to heave ‘Bidenomics’ into the dumpster, “Politico’s Jonathan Martin wrote Monday after interviewing dozens of Democrats and never-Trump Republicans. The White House defines Bidenomcs with three pillars intended to cure “longstanding challenges that held America back—including rising...

President Biden is slated to appear Friday in the White House Rose Garden to comment on the August jobs report, which generally showed a steady labor market. Unemployment, which was expected to hover at July’s 3.5 percent, inched up to 3.8 percent according to the data released by the Bureau of Labor Statistics. The report beat expectations with 187,000 jobs added, a number equal to July’s total. The total percentage of people employed or looking for work rose 0.2 percent after several months without much change. Biden is tying much of his case for reelection to public perception of a...

Former U.S. President Donald Trump said on Thursday he had canceled a press conference scheduled for next week to release a report into the 2020 election in Georgia, saying his attorneys would put his arguments in court filings instead. Trump said earlier this week that he would hold the press conference on Monday to release a detailed, 100-page report into what he described as "election fraud" in the state of Georgia during the 2020 election he lost to Democrat Joe Biden.

The Clintons certainly aren’t strangers to corruption and controversy. Beginning in the 1970s and 1980s, they were accused of running the Whitewater real estate investment scandal as governor of Arkansas. Bill allegedly pressured banker David Hale to provide an illegal $300,000 loan to Susan McDougal, the partner of the Clintons in the Whitewater deal. Once they arrived at the White House, the Clintons were accused of illegally firing White House travel office employees and replacing them with friends. In 1996, the Clintons were accused of illegally obtaining FBI files on political opponents. It became known as “Filegate,” but they were...

Strong economic indicators have continued to make the case for a solid American economy, but a slew of new jobs data has policymakers and consumers looking at current conditions in different ways. The case for how and what type of unemployment is measured often leaves economists, lawmakers and market watchers at odds over what exactly various jobs data indicators mean for the current employment market and beyond. Ahead of the government’s jobs reports this morning, The Hill takes a look at the various forces and factors that are moving the employment market