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I'm Phil Rosen, and economic signals from our colleagues across the pond are deep in the red to start the week. No frills or tomfoolery today, out of fear that the pound will drop further before we get to the news. FILE PHOTO: British five pound banknotes are seen in this picture illustration Reuters1. Even after its third consecutive 75-basis-point hike last week, all signs point to more to come. What do you think is the Bank of England's best option to stop the pound from falling further?
The intended beneficiaries of the taxpayer-fueled Presidential Election Campaign Fund — presidential candidates — don't want it, as they're soured by its restrictions on their election fundraising and spending. A US Treasury document detailing the finances of the Presidential Election Campaign Fund. Several nonprofit leaders told Insider that Congress could use the Presidential Election Campaign Fund money to immediately ease suffering, particularly in light of the COVID-19 pandemic. During the 2019-20 congressional session, two Republican lawmakers sponsored similar bills that attempted to kill the Presidential Election Campaign Fund. Until that or any other repurposing decision comes down, the FEC continues to spend taxpayer resources keeping the Presidential Election Campaign Fund alive.
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