Biden Admin Budget Proposals Hit Billionaires, Deficit
WASHINGTON (MaceNews) – President Biden Monday afternoon formally unveils his fiscal 2023 federal government budget proposals, increasing military spending – which Republicans like – and inventing a new tax on unrealized capital gains aimed the the richest tier of Americans – which Republican pledge to kill as fast as possible. The White House fact sheet […]
<strong>Japan Govt Sees Economic Pickup Signs, Warns of Downside Risks from Inflation, Markets, War </strong>
By Max Sato (MaceNews) – Japan’s government Friday maintained its overview that the economy is showing signs of a pickup amid some soft spots as Covid cases appear to have peaked, but also warned that rising prices, volatile financial markets, and the war in Ukraine could heighten downside risks, according to its monthly report released […]
US Nat’l Security Adviser Sullivan: Pres Biden to Consult w/Allies on Potential Russia Use of Nukes
WASHINGTON (MaceNews) – U.S. National Security Adviser Jake Sullivan Tuesday answered a reporter’s question about Russia’s use of possibly smaller nuclear weapons in Ukraine: by saying President Biden will this week, in his visit to Brussels, be consulting with allies on ‘that potential contingency.” Sullivan’s verbatim response follows: “President Putin, in the early days of […]
Analysis: Japan PM Kishida to Face Bad Economic News After Omicron Storm
–Economists Revise Down Forecasts to Show Slight Contraction in 1Q By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida is likely to face bad news on the economic front after barely surviving voter frustration over public health restrictions imposed about two months ago aimed at fighting a surge in Covid infections caused by the […]
FOMC: Qtr Point Hike As Expected; Few Specifics on Future Action
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a quarter-point fed funds rate hike, the first such since 2018, accompanied by a pledged to begin pulling back Treasury and Agency securities holdings “at a coming meeting.” The text follows: Indicators of economic activity and employment have continued to strengthen. Job gains […]
Rome Resumes Role On Euro-Atlantic Stage, Common Stance with US ‘Key’ In Ukraine Crisis Exit – Sources
–Ukraine’s Zelensky to address Italian lower house ROME (MaceNews) – Italy has resumed a ‘key role’ on the Euro-Atlantic stage in working on an exit from the Ukraine crisis after hosting the US-China meeting, according to sources comprising the ruling coalition. Monday’s meeting in Rome between US national security adviser Jake Sullivan and top Chinese […]
Text: G7 Details Current and Future Sanctions Vs Russia
WASHINGTON (MaceNews) – The following is the joint statement statement Friday by the Group of Seven countries, detailing new current sanctions and anticipated future sanctions being imposed on Russia: We the Leaders of the Group of Seven (G7) remain resolved to stand with the Ukrainian people and government who heroically resist Russian President Vladimir Putin’s […]
As Italy Government Tackles Thorny Reforms, Cracks in Majority Weaken Support for Draghi – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s push to tackle thorny reforms is opening more cracks among governing coalition partners, undermining support for Prime Minister Mario Draghi at a time when the Ukraine crisis calls for unity, ruling party officials say. Draghi is trying to push through parliament fiscal reforms aimed at simplifying the tax […]
Foreign Ministers of Russia and Ukraine Complete Unproductive Meeting in Turkey
(MaceNews) – Foreign ministers of Russia and Ukraine, Sergei Lavrov and Dmitry Kuleba, completed their meeting in the Turkish Mediterranean resort town of Antalya, the highest-level meeting between the two post-Soviet states on the15th day of shocking bloodshed in Europe since Russia invaded Ukraine on Feb. 24th. There was no progress to report but the […]
FOMC Set to Proceed ‘Carefully’ on Road to Tighter Monetary Policy, But Ultimate Destination Unclear
– Must Decide Pace of Rate Hikes, Where Neutral Is, and Whether Neutral Is High Enough – Fed Getting Closer to Balance Sheet Reduction But Funds Rate Primary Policy Tool By Steven K. Beckner (MaceNews) – It seemed virtually a foregone conclusion that the Federal Reserve would start raising short-term interest rates in mid-March after Jerome Powell’s […]