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☆ Jerome Powell’s Inflation Whisperer: Paul Volcker
▼ + stars: | 2022-09-19 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Federal Reserve’s annual August retreat in Jackson Hole, Wyo., was imminent, and markets were rallying on expectations the central bank might slow its pace of interest rate increases. Fed officials thought investors were misreading their intentions given the need to slow the economy to combat high inflation. In a widely anticipated speech, Chairman Jerome Powell decided to be blunt. He scrapped his original address, according to two people who spoke to him, and instead delivered unusually brief remarks with a simple message—the Fed would accept a recession as the price of fighting inflation.

WASHINGTON — A bipartisan duo on the Jan. 6 committee is rolling out legislation aimed at preventing future attempts to overturn elections, and House leaders are eyeing a vote as early as this week. In an opinion piece in The Wall Street Journal on Sunday evening, Cheney and Lofgren said the bill would include four components. Last week, Majority Leader Steny Hoyer, D-Md., notified members that the full House might consider the bill this week. For instance, the Senate bill would require one-fifth of each chamber to force a vote to object to electors. But in bringing the Cheney-Lofgren bill to the floor this week, House Democratic leaders are sending a clear signal about where their caucus stands on the issue.

☆ ‘Chaos and Confusion’ in States Where Abortion Is On Again, Off Again
▼ + stars: | 2022-08-11 | by ( Allison Mccann | ) www.nytimes.com time to read: +12 min

In some of these states, whether abortion is legal has changed from week to week. The state’s trigger ban has been blocked and reinstated three times in the course of six weeks. On July 14, a federal judge lifted an injunction on Kentucky’s 15-week abortion ban, allowing it to take effect. On July 14, a federal judge lifted an injunction on Kentucky’s 15-week abortion ban, allowing it to take effect. But even though abortion remained legal in those states, providers said that patients and medical professionals did not always know what was going on.

☆ Senate OKs enhanced benefits for vets exposed to burn pits
▼ + stars: | 2022-06-16 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

WASHINGTON — The Senate on Thursday approved a sweeping expansion of health care and disability benefits for Iraq and Afghanistan veterans in response to concerns about their exposure to toxic burn pits. The House in March approved similar legislation that would have cost more than $320 billion over 10 years. And, it would extend Agent Orange presumptions to veterans who served in Thailand, Cambodia, Laos, Guam and American Samoa. But lawmakers said that stories from constituents tell a different and more definitive tale, and they are reluctant to wait for an irrefutable link between veterans’ maladies and their exposure to toxic burn pits. The Senate version trimmed some of the costs early on by phasing in certain benefit enhancements.

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