In the News
A coalition of Democratic lawmakers on Tuesday raised concerns about the Federal Reserve's aggressive interest rate hike campaign, warning of impending job losses as a result of the tighter monetary policy.
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The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4 percent.
Federal Reserve Chairperson Jerome Powell said during a press conference following the announcement that the "historically fast pace" of rate increases is "appropriate given the persistence and strength in inflation and low level at which we started."
The Biden-Harris Administration announced the Fiscal Year 2022 recipients of the U.S. Environmental Protection Agency's Clean School Bus Program rebate competition, awarding $50,980,000 from President Biden's Bipartisan Infrastructure Law to Texas school districts. The grants will help 13 school districts purchase 144 clean school buses that will accelerate the transition to zero emissions vehicles and produce cleaner air in and around schools and communities.
DALLAS, TEXAS (November 3rd, 2022) –The U.S. Environmental Protection Agency announced that six Texas organizations will receive $3,050,010 from President Biden's Inflation Reduction Act and American Rescue Plan to enhance air quality monitoring in marginalized communities.
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A coalition of Democratic lawmakers on Tuesday raised concerns about the Federal Reserve's aggressive interest rate hike campaign, warning of impending job losses as a result of the tighter monetary policy.
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Lawmakers Seek Answers about Consequences of Fed's Latest Economic Projections and Decision to Keep Raising Interest Rates
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The Supreme Court is considering two cases that could determine how college admissions are handled.
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The Texas Tribune reports Attorney General Ken Paxton as well as Senators John Cornyn and Ted Cruz are asking the court to the practice. Meanwhile, three Texas democratic representatives, Joaquin Castro, Sylvia Garcia and Marc Veasey, said they support keeping it.
Close to a dozen Democratic lawmakers called on Federal Reserve Chairman Jerome Powell to explain how many Americans will lose their jobs as a result of their efforts to mitigate high inflation.
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Sens. Elizabeth Warren (Mass.), Bernie Sanders (I-Vt.), Jeff Merkley (Ore.), and Reps. Madeleine Dean (Pa.), Jesús Garcia (Ill.), Sylvia Garcia (Texas), Katie Porter (Calif.), Stephen Lynch (Mass.), Rashida Tlaib (Mich.) and Jamaal Bowman (N.Y.) signed the letter to Powell sent on Monday.
Given the lawmakers' concerns about the consequences of the Fed's dangerous policy decisions, they are asking Chair Powell to answer a set of questions about how many millions of people the Fed estimates will be thrown out of their jobs due to interest rate hikes, and more information about these and other unemployment forecasts by November 14, 2022.
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AUSTIN, Texas (Texas Insider Report) — Inflation, energy prices and grocery bills are top of mind for Texas families. Instead of offering real solutions to support them, many politicians have decided to engage in partisan jabs.
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