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☆ Harris wants to upgrade America’s economy. Trump wants to blow it up and start over
▼ + stars: | 2024-10-30 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

There’s nothing subtle about the Trump agenda. And there is a real fear that the Trump agenda could do more harm than good – especially on the inflation front. They point to study after study that finds Americans have borne almost the entire cost of Trump’s tariffs on Chinese products. And that estimate does not even include almost-definite retaliation from other nations who would respond to Trump tariffs with ones of their own. Harris has called for only partially extending the 2017 Trump tax cuts.

Persons: Kamala Harris, Donald Trump’s, Harris, Trump, Oprah, “ Trump, Joe Brusuelas, ”, That’s, Donald Trump, ” Trump, there’s, ” Kimberly Clausing, nonresident, Joe Biden, Trump’s, – Organizations: New, New York CNN, RSM, CNN, Trump, Federal, Wall Street Journal, Peterson Institute for International Economics, Biden, Federal Reserve, Peterson Institute, Social Security, NBC Locations: New York, China, Mexico

☆ Here’s why mortgage rates are rising after the Fed’s rate cut
▼ + stars: | 2024-10-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity. Every percentage point on a mortgage rate makes a big difference for that monthly payment. Here’s what’s driving the recent upswing in mortgage rates. Mortgage rates track the 10-year US Treasury yield, which was expected to fall in anticipation of further rate cuts. “I am clearly not going to own any fixed income.”The government’s fiscal situation might already be having an impact on mortgage rates.

Persons: Freddie Mac, pare, what’s, ” Sam Khater, Freddie Mac’s, Robyn Beck, Donald Trump, Kamala Harris, Harris, “ We’re, Paul Tudor Jones, “, ” Lawrence Yun, Kimberly Bradley, Zach, Kimberly, “ I’ve, ” Kimberly, ” Ken Lowrey, Ken Lowrey, “ homeownership, ”, Lowrey Organizations: Washington CNN, Federal Reserve, National Association of Realtors, Mortgage, Association, Treasury, Getty, Federal Budget, Trump, CNBC, US Postal Service Locations: AFP, Manteo , North Carolina, Charleston , South Carolina

☆ Scranton to Biden: Love ya, Joe. But a 2024 run?
▼ + stars: | 2023-03-22 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

[1/6] A photograph of Jim Connors, 76, former Mayor of Scranton, with U.S. President Joe Biden hangs in his home in Scranton, Pennsylvania, U.S., March 10, 2023. Despite those strong ties, interviews with about two dozen Scranton voters show many harbor deep concerns about Biden running again. Many Scranton residents say they might back Biden again in 2024, albeit without much enthusiasm. Biden is also supporting a plan to build a new rail line from Scranton to New York City. “So, when I think about President Biden, I don't just think about President Biden being our hometown son," Cognetti said.

“The government is obviously failing us and not protecting us,” said Taylor, who evacuated from St. John before Hurricane Ida hit. The US Centers for Disease Control and Prevention categorizes St. John and St. James as a community with high levels of Covid-19 transmission. Prior to Ida, at least 16% of residents in St. James Parish and St. John Parish were living below the poverty line, according to Census data. One of their biggest fights was against the Taiwanese plastics manufacturer Formosa, which was set to build a $9.4 billion petrochemical complex in St. James Parish. While the battle to block the multibillion-dollar facility isn’t over, Hurricane Ida added to the community’s problems.

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