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The Federal Reserve on Wednesday hiked its key interest rate by 0.75% for the third time in a row as it races to get ahead of the galloping inflation that is sapping the earnings of American consumers. This month, the Bureau of Labor Statistics reported inflation had climbed by 8.3% year on year and 0.1% month on month. By raising interest rates, the Fed hopes to rein in consumption and borrowing, which in turn should put downward pressure on prices. One area in which higher interest rates are taking a significant bite is housing. Bankrate's McBride laid out some financial advice Americans should keep in mind as interest rates climb.

☆ How much ‘pain’ is the Fed willing to inflict? Wednesday’s rate hike will offer clues
▼ + stars: | 2022-09-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Federal Reserve Chairman Jerome Powell has acknowledged the economic pain this rapid tightening regime may cause. A larger hike is possible, but unlikelySome economists even expect the Fed to implement a massive — and historic — full-point rate hike on Wednesday. It meant that people understood the seriousness of the Fed’s commitment to getting inflation rates back down to 2%, he said. They want higher bond yields,” former New York Federal Reserve President Bill Dudley told CNN back in May. The Federal Reserve announces its rate hike decision Wednesday at 2 p.m.

☆ What Cramer is watching Wednesday — Fed day, Putin escalation, oil stock optimism
▼ + stars: | 2022-09-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Buy Club holding Ford into any Fed weakness. Barclays downgrades Club holding and Dow stock Cisco Systems (CSCO) to equal weight from overweight (hold from buy). Wells Fargo cuts PT to $75 tom $90 but keeps overweight (buy) rating. However, BofA keeps buy rating on Visa. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Wall Street is on a knife’s edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife’s edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses, effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄…You get the idea.

☆ Biden aides are quietly assembling a 2024 campaign as they await a final decision on his political future
▼ + stars: | 2022-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | Carol E. Lee | ) www.nbcnews.com time to read: +10 min

But, they said, if Republicans win one or both chambers, that would likely trigger a quicker pivot to a Biden re-election campaign. Relying on the party apparatus would allow the Biden campaign to forgo trying to build up its own separate campaign infrastructure in each state. But while a DNC-centric campaign might seem to be a natural fit for Biden, relying on the committee poses risks. “The Biden approach is the more traditional approach.”Far more than Obama, Biden is a creature of the Democratic Party. Biden aides say no final decisions on campaign staffing have been made, and they’re not expected to be until after the midterms.

☆ Some of Congress' youngest members have famously flamed out. Can a candidate be too young to serve?
▼ + stars: | 2022-09-15 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +16 min

More youthful representation would better serve the country, young members of Congress say. But members of Congress, political scientists, and strategists generally don't blame age for these downfalls — leaders both young and old are prone to controversy. Rep. Alexandria Ocasio-Cortez made history in 2019 as the youngest woman ever elected to Congress, at 29. "I was always accustomed to being the youngest," Schatz told Insider at the Capitol. The nation needs "more principled members of Congress," Republican Rep. Lauren Boebert of Colorado, 35, told Insider, adding: "It doesn't matter their age."

WASHINGTON — The Senate passed legislation Tuesday to expand lifesaving health care benefits for Iraq and Afghanistan war veterans exposed to toxic burn pits. Many of the veterans who had camped on the Senate steps, braving heat, humidity and thunderstorms, watched the vote from the gallery in the Senate chamber. First Class Heath Robinson, before the Senate vote Tuesday on the PACT Act outside the Capitol. “For the millions of veterans who may have been exposed to harmful toxins, this bill means quicker access to health care services and other benefits. Democrats and veterans argued, however, that many Republicans were voting against the bill in retaliation for the massive deal on climate change, health care and taxes that Democrats had just crafted.

Supporters of the Sergeant First Class Heath Robinson Honoring Our Promise to Address Comprehensive Toxics Act — or PACT Act — overwhelmingly expected the House-passed bill to sail through to the president's desk for signature. The PACT Act would have expanded VA health care eligibility to more than 3.5 million post-9/11 combat veterans who were exposed to toxins while serving in the military. When the bill returned to the Senate, the bill had not changed much but the view — and vote — of 25 senators did. "But what is shocking is that so many senators would literally be willing to play with veterans’ lives so openly like this." Sen. Jon Tester, D-Mont., speaks at a news conference about the Honoring Our Promise to Address Comprehensive Toxics (PACT) Act in Washington on Thursday.

☆ The latest transcripts from the January 6 select committee's public hearings
▼ + stars: | 2022-07-12 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

The January 6 committee has been interviewing witnesses during its public hearings. The hearings led by co-chairs Bennie Thompson and Liz Cheney give the public a view of the panel's year-long investigation. Insider will update this tracker as hearing transcripts become available. Top editors give you the stories you want — delivered right to your inbox each weekday. Saul Loeb - Pool/Getty ImagesCommittee hearing held October 13, 2022

☆ The dirty little secret on how congressional staff thrive in the always-on world of modern politics is doing moonlight work like 80-hour weeks, including unpaid Saturdays and Sundays
▼ + stars: | 2022-06-04 | by ( Kimberly Leonard | Warren Rojas | Camila Dechalus | ) www.businessinsider.com time to read: +21 min

Some tasks included connecting with local reporters and coordinating messaging with partner political outfits such as EMILY's List and the Democratic Congressional Campaign Committee. That helped her boss' official congressional office save money it could then spend elsewhere, but it did nothing to help her own financial situation. Congressional staffers have used social-media accounts such as Dear White Staffers to spotlight professional burnout, inadequate pay, long hours, diversity failings, and caustic bosses. For example, one of the rules says a congressional staffer working in a congressional office must step outside the office to do campaign work. Or, if there is compensation offered — which isn't guaranteed — they may desperately need the additional money to supplement the low pay for congressional staff."

☆ How to land a job in private equity, from Blackstone to Apollo, KRR, General Atlantic, and more
▼ + stars: | 2022-06-03 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

Private equity is a rewarding but challenging field to break into. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit from investment banks. These days, the private equity recruiting process has started earlier than ever, and it's resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day. General Atlantic managing director Alex Crisses walked Insider through the growth-equity investment firm's elite summer souring internship.

Persons: Jeffrey Hamilton, Alyssa Powell, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Sara Diniz, Carlyle, Alex Crisses, Thoma Bravo, —, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Morning, Getty, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, KKR KKR, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel

☆ Black women in the legal world celebrate Ketanji Brown Jackson's historic Supreme Court nomination as a 'victory' for all Americans
▼ + stars: | 2022-03-03 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +13 min

The two were enrolled in the same classes, both members of the Black Law Students Association, and lived in the same dormitory building. Black women in the legal world celebrated Jackson's Supreme Court nomination, a milestone that they said marks significant progress for their representation in the legal field, but also for the country as a whole. Installing judges of diverse backgrounds can better ensure the legal system is working equitably for all Americans, Black women in the legal field told Insider. "Now when I tell her, 'You could be a Supreme Court justice,' she can look at the Supreme Court and think, 'Yes, I could, there's someone there who looks like me.'" MoveOnORG activists call for the immediate confirmation of Judge Ketanji Brown Jackson for the Supreme Court on February 25.

☆ How Walmart CEO Doug McMillon went from unloading Walmart trucks as teen to earning $25.7M in total compensation
▼ + stars: | 2021-06-26 | by ( Hannah Towey | Ben Tobin | ) www.businessinsider.com time to read: 1 min

"My optimism is higher than it was at the beginning of the year," McMillon said on a post-earnings call in May 2022. "In the US, economic stimulus is clearly having an impact." McMillon's optimism has the numbers to back it, with fiscal 2022 earnings expected to increase by high single digits. Walmart CEO Doug McMillon. Drew Angerer/Getty ImagesSource: ReutersMax Nissan contributed reporting to an earlier version of this article.

☆ We found at least 25 ex-Gaetz staffers who don't mention the congressman by name on their LinkedIn page
▼ + stars: | 2021-06-20 | by ( Robin Bravender | ) www.businessinsider.com time to read: +9 min

Gaetz's name is absent from McFaul's LinkedIn page, too, where he describes his duties during that time working as a chief of staff for an unnamed "congressman." At least 25 of Gaetz's former congressional staffers don't mention the Republican congressman by name on their LinkedIn pages, according to an Insider analysis. McFaul declined to comment about why Gaetz's name wasn't on his LinkedIn page or his Ballard bio page. She also worked for Miller, Gaetz's congressional predecessor, but doesn't name him on her LinkedIn page, either. Drew Angerer/Getty Images'Riding the wave'Some current and former Gaetz staffers continue to publicize their work for the congressman.

☆ Trump and the GOP may be headed for an expensive divorce fight over donor and voter data
▼ + stars: | 2021-01-22 | by ( Dave Levinthal | Tom Lobianco | ) www.businessinsider.com time to read: +9 min

A Trump campaign spokesman did not immediately return a request for comment. Donald Trump personally trademarked the slogan, and his presidential campaign subsequently assumed the trademark. It can even generate cash for years after a political campaign goes dormant. Romney's presidential committee finally terminated itself in September, transferring much of its remaining $92,000 to Romney's US Senate campaign committee after paying off lingering bills. Donations benefited both the Trump presidential campaign and RNC.

☆ A powerful group of lobbyists and donors pushed Mitch McConnell to take a 'hard red line' that delayed a stimulus bill for months
▼ + stars: | 2020-12-16 | by ( Kimberly Leonard | Dave Levinthal | ) www.businessinsider.com time to read: +19 min

A powerful group of business organizations has pushed for the liability shields and donated generously to McConnell and other Republicans. Photo by Alex Wong/Getty ImagesThe Chamber of Commerce's big giveThe Chamber of Commerce has been among the most vocal proponents of liability protections. Overall, however, Walmart's workers and PAC gave about evenly to Democrats as to Republicans this election. Its PAC gave $9,000 to McConnell's campaign and gave $3,000 to Cornyn. During the past three decades, McConnell has received robust support from some of the industries lobbying hard for liability protections.

☆ Joe Biden owed Philly money after leaving a muddy mess from a campaign event. After a delay, the city says it's now getting paid.
▼ + stars: | 2020-12-04 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +6 min

Philadelphia is demanding that Joe Biden's campaign pay up following a campaign event in November left the city cleaning up a water-logged FDR Park. Liza Acevedo, a spokesperson for the Biden presidential transition committee, confirmed Friday evening that the final payment is on its way. The rainy drive-in campaign event at FDR Park on November 01, 2020 left a water-logged muddy mess that the city had to clean up. Philadelphia City Hall has already raised taxes, cut some services, and laid off hundreds of government workers to balance its books. Philadelphia, meanwhile, is hoping that Biden's team will pay up faster than Democrat Hillary Clinton, who conducted a campaign event near Philadelphia City Hall in 2016.

☆ Recounts, debt, and litigation: Here's why Donald Trump keeps asking for your money even while votes are still being counted
▼ + stars: | 2020-11-04 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +7 min

President Trump's campaign sent supporters several solicitations Tuesday imploring them to send more money — even though polls had closed. Donate NOW & receive a 1000%-MATCH," President Donald Trump's campaign wrote supporters around 4 p.m.Trump on Tuesday almost certainly didn't scan names of strangers. During October, the Trump campaign burned through much of its once-sizable cash reserve. The Trump campaign faces significant scrutiny over its financial practices, and former Department of Justice and Federal Election Commission officials tell Insider that federal investigators may already be discreetly investigating the Trump campaign. If so, the Trump campaign will need money to fight.

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

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