politics

By Henry Fernandez Published July 22, 2019 The Fed FOXBusiness Facebook Twitter Comments Print video Federal Reserve will cut rates by 25 basis points: Mohamed El-Erian Allianz Chief Economic Adviser Mohamed El-Erian predicts that the Federal Reserve will lower interest rates by 25 basis points. The Federal Reserve has set its sights on a quarter-point rate cut at the end of July to validate the rate hikes it issued throughout 2018, according to Allianz Chief Economic Adviser Mohamed El-Erian. Continue Reading Below “They made a mistake last year. They shouldn’t have hiked four times. They did and they’re looking for justification to take it back,” he said exclusively on “The Claman Countdown” Monday. MORE FROM FOXBUSINESS.COM TRUMP RENEWS CRITICISM OF FEDERAL RESERVE, SAYS CENTRAL BANK 'VERY MISGUIDED' FED VICE CHAIR SAYS US ECONOMY IS STRONG, BUT UNCERTAINTY HAS RISEN WAS THE FED'S … [Read more...] about Quarter-point rate cut coming in July: Mohamed El-Erian

Share Tweet Email presidential debate Share: Share Tweet Email Share: Share Tweet Email KTRK By Tom Abrahams HOUSTON, Texas (KTRK) -- Texas Southern University is getting the opportunity to bask in the nationwide and possibly the worldwide political stage as the host of the third Democratic presidential debate.The official word of TSU's nod to play host to the pivotal debate wasn't known until the past weekend.The historically black college will host the event on Sept. 12 and, if necessary, Sept. 13.With just a handful of weeks to put a plan into action, the school said it expects to involve students. And those young men and women are excited to have their concerns addressed by the candidates."This is a very cultured school," said student Jacob Rios. "Bringing it here will bring a lot of attention to the school.""I feel like it's huge for the city of Houston, Texas," said student Claudius Joseph. "The diversity. Texas … [Read more...] about Students to play big role in Democratic debate, TSU says

close Video Dan Crenshaw on Rashida Tlaib's proposal Dan Crenshaw on Rashida Tlaib's proposal Rep. Rashida Tlaib, D-Mich., called for a federal minimum wage of $20 per hour at an event in Detroit on Sunday night, prompting mockery from conservatives and threatening to force mainline Democrats in the 2020 presidential race to address the issue in upcoming debates. Tlaib's comment came during remarks to the Restaurant Opportunities Center of Michigan and the labor rights group One Fair Wage, and were recorded by the conservative political action committee America Rising. The Democrat-controlled House of Representatives passed a $15 federal minimum wage bill last week, but it has little chance of passing the GOP-controlled Senate. Tlaib, referring to the federal minimum wage for those workers, said that "tipped employees make $2.13 per hour, federally." "Think about that for one minute. People cannot live on those kind of wages, and I can't allow people … [Read more...] about Tlaib calls for $20-an-hour minimum wage

The man accused of harassing a Georgia state representative and telling her to “go back where you came from” at a supermarket near Atlanta says he’s considering filing a defamation lawsuit, the Atlanta Journal Constitution reports. Eric Sparkes says he called Erica Thomas a “selfish little (expletive)” because he thought she had too many items in the express checkout line at a Publix grocery store. “I am in the process of exploring with attorneys a defamation lawsuit against her,” he told the AJC. Thomas, a vice chairwoman of the House Democratic caucus, in a video posted to Facebook Friday evening said Sparkes cursed at her in front of her young daughter and told her to “go back” to where she came from. She went back to the grocery store to talk to reporters about the incident Saturday. Sparkes was there, too, and the two feuded on camera. Sparkes said he called her a “selfish little (expletive),” but nothing else. … [Read more...] about Man Accused of Telling Ga. Dem to ‘Go Back”