Janet Yellen: Stimulus spending contributed only modestly to inflation
CNN
Treasury Secretary Janet Yellen on Wednesday defended the Biden administration's 2021 stimulus package against criticism that it is to blame for high inflation.
In her second straight day of testimony, Yellen told lawmakers during a hearing before the House Ways and Means Committee that the American Rescue Plan, signed into law in March 2021, contributed only "modestly" to higher prices.
"I hate to think about what the situation — especially for low-income families — would be without the help provided by that plan," Yellen said.
Attorneys for Donald Trump conducted an internal investigation into allegations that one of his top aides, Boris Epshteyn, has sought to gain financially from his influence with Trump and others in the president-elect’s orbit, according to multiple sources familiar with the matter.
The special counsel stressed his decision was not about the strength of his case against Trump
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A Republican senator has blocked the promotion of a general who oversaw the US withdrawal from Afghanistan, according to a source familiar with the matter, as President-elect Donald Trump has vowed to go after the officials involved in the withdrawal.
Special counsel Jack Smith said Monday that he is dropping his election subversion case against President-elect Donald Trump, seeking the case’s dismissal in a court filing with the judge.
President Joe Biden tapped into his presidential pardon power in the waning days of his time in office Monday, granting clemency to a pair of lucky turkeys and kicking off the holiday season.
The Supreme Court declined Monday to hear a challenge from major tobacco companies to the Food and Drug Administration’s requirement that they place graphic health warnings on cigarette packages and in advertisements.
The family of Ajike “AJ” Owens, a Black mother of four who was shot and killed by her neighbor during an ongoing dispute over children playing near the neighbor’s home, says the 60-year-old white woman deserves “the maximum penalty under the law,” according to a statement.
Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health.
The criminal cases of actors Jussie Smollett and Bill Cosby, both Black, high-profile entertainers found guilty before their convictions were overturned, differ widely in details but share some parallels.
Uruguayans went to the polls Sunday for a second round of voting to choose their next president, with the conservative governing party and the left-leaning coalition locked in a close runoff after failing to win an outright majority in last month’s vote.