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EXCLUSIVE: A government watchdog group is filing a federal lawsuit against the Federal Aviation Administration (FAA), arguing the agency has stonewalled records detailing Transportation Secretary Pete Buttigieg’s use of private government jets.

The group, Americans for Public Trust (APT), said it has repeatedly requested FAA records detailing how often Buttigieg has used the agency’s small fleet of jets and the taxpayer costs associated with those flights. But, according to its lawsuit first seen by Fox News Digital, the FAA has improperly delayed producing the records on three separate information requests filed by APT.

‘Pete Buttigieg abused taxpayer dollars by using a private jet to fly domestically and internationally,’ Caitlin Sutherland, APT’s executive director, told Fox News Digital. ‘It’s been six months since we helped expose Secretary Buttigieg’s trips, but his agency refuses to tell the American people how much they’re on the hook for his extravagant travel arrangements.’

‘Buttigieg’s FAA has stonewalled and refused to adhere to the law for releasing public records, so we’re filing suit on behalf of all Americans who deserve to know how their money is being spent by this administration,’ she continued.

Overall, APT’s lawsuit highlighted that more than 100 days have elapsed since the FAA acknowledged it had received the group’s information requests.

The first request, filed in November, asked for all flight logs and passenger manifests of the three jets the FAA manages; the second request, filed on Jan. 9, asked for the FAA to identify every instance when a White House official, executive branch official or member of Congress used one of the jets; and the third request, filed two days later, extended the second to include any other FAA-managed jets.

APT noted that the FAA set multiple deadlines where it promised to provide the requested records, but failed to meet those deadlines. The agency has now indefinitely delayed the production of those records.

‘The FAA has not communicated with APT concerning whether the FAA will fulfill its FOIA requests since missing two self-imposed extended deadlines of May 1 and May 18, 2023,’ the lawsuit states. ‘Nor has the FAA provided any indication as to when APT can expect its requests to be processed.’ 

‘The only documents that the FAA has produced to APT were documents previously produced in response to a FOIA request from a different party, and the documents produced are not fully responsive to all three of APT’s requests,’ it adds. ‘APT accordingly brings this lawsuit to compel the FAA to immediately respond to APT’s FOIA requests and promptly disclose all responsive, non-exempt records.’

Under the Freedom of Information Act, federal agencies are required to provide requested records within 20 working days, or 30 working days if an extension is determined to be necessary. The requesting party is allowed to pursue legal action if a court determines it has exhausted its administrative remedies.

The lawsuit comes exactly six months after a Fox News Digital report that showed Buttigieg, a vocal proponent of sweeping climate measures, took at least 18 flights using the FAA’s taxpayer-funded private jets between early 2021 and mid-2022. The report identified the flights using Buttigieg’s internal calendar obtained by APT.

In one instance of his use of government-managed private jets, Buttigieg traveled roundtrip from Washington, D.C., to Las Vegas to promote public works projects in August 2021. In another example, Buttigieg used a jet to fly to multiple states — most of which have largely been considered swing states in elections — in August 2022 as part of a tour highlighting federal infrastructure grants.

Additional information obtained by Fox News Digital showed Buttigieg’s senior advisers took five other flights on the jets without him. 

The December report ultimately triggered the Department of Transportation’s Office of the Inspector General to open an investigation into Buttigieg’s use of the FAA fleet in late February.

‘We welcome this independent audit moving forward in order to put some of the false, outlandish, and cynical claims about the Secretary’s mode of travel to rest. The fact remains that he flies commercially the vast majority of the time,’ a DOT spokesperson said at the time.

On Feb. 28, one day after the investigation was announced, Fox News Digital filed a request with the FAA related to Buttigieg’s use of government jets. The FAA first set a self-imposed deadline of April 28 and has since, like it has with APT’s requests, repeatedly delayed the production of those records.

Buttigieg’s predecessor Elaine Chao, who led the DOT throughout the Trump administration, was criticized after it was revealed she used government-managed planes on seven occasions in 2017, costing taxpayers about $94,000. 

Former Health and Human Services Secretary Tom Price was forced to resign after it was reported he had cost taxpayers more than $1 million using government jets.

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EXCLUSIVE: A two-term female GOP lawmaker is downplaying the idea that abortion and former President Donald Trump will hurt turnout for Republicans in next year’s race for Congress and the White House.

The 2022 election saw Republicans gain back valuable ground with suburban women after losing both Congress and the White House in 2020. But some surveys show that a predicted ‘red wave’ was staved off in part because of a backlash to the Supreme Court’s decision to roll back federal abortion protections in Roe v. Wade.

Speaking on the sidelines of a Winning For Women PAC fundraiser, a group dedicated to getting more Republican women elected to Congress, Rep. Ashley Hinson told Fox News Digital that the media had overblown how significant the issue of abortion actually was in the 2022 election. She cited her own race in Iowa’s 2nd Congressional District last year.

‘I faced that challenge in my last election … they spent over a million dollars attacking me on that issue, and I won by more. And I think what happened is they chose that as their only issue,’ said Hinson, R-Iowa. ‘Voters are not focused on that as the only issue.’

Hinson flipped a set held by a Democrat in Iowa’s 1st Congressional District in 2020, beating then-Rep. Abby Finkenauer by just less than three points. Due to redistricting, she ran for reelection in the nearby 2nd and won by double digits.

‘Most people are saying, ‘I just need to get to work, pick up my kids and focus on my kitchen table issues,’ and that’s what I talked about. That doesn’t mean I’m not pro-life, that I don’t care about that issue, but it means I’m also going to listen to my constituents about what they’re actually talking about around the kitchen tables,’ Hinson said.

‘The media here in D.C. and the activist groups love to talk about that all the time. But if you actually talk to Iowans about what they’re focused on, it’s not that,’ she said.

On Trump, the legislator suggested that swing voters like suburban women would still vote Republicans into Congress because they’re fed up with President Joe Biden’s policies. She noted that several key Biden administration provisions, including policies on solar panels and Biden’s student loan forgiveness program, have received votes of disapproval on Capitol Hill.

MIDTERM ELECTIONS: 10 MOST OFF-THE-RAILS DEBATE MOMENTS OF 2022, FROM FETTERMAN ON FRACKING TO WALKER’S BADGE 

‘I think that when you look at the contrast, no matter who our Republican nominee is going to be, it’s going to drive turnout for Republicans because Joe Biden is so bad at his job. Whether it’s the border, the economy, disastrous withdrawal from Afghanistan, and international policy, trade policy that’s failing our country – the list of failures goes on and on and on,’ Hinson said.

‘And that’s why you’re seeing Congress, both in the House and the Senate, pass CRAs that are a direct check on his administration and their failures,’ she said, referring to the Congressional Review Act that allows Congress to overturn executive branch regulations. ‘So, I think that’s the case we’re making to the American people, no matter who’s our presidential nominee.’

She said the GOP could keep recovering the ground it lost in the suburbs by sticking to ‘kitchen table issues’ and expanding its tent of nominees.

That approach appeared to be successful this week. The Winning for Women’s DC fundraiser on Tuesday evening, which was also attended by House Speaker Kevin McCarthy and House GOP Conference Chair Elise Stefanik, brought in more than $800,000 to support its endorsed candidates’ campaigns for 2024.

‘I think what’s really important about the work that Winning for Women has done is they are finding candidates like me and like the women you saw here tonight who are stepping up to run and can speak to those issues in their districts,’ Hinson said.

‘People talk about all the time, the candidates who flipped seats in 2020: women, minorities and veterans,’ she said. ‘So, that’s what our country wants to see here in Congress – is people who are like them who can speak to their issues.’

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There was an optimistic mood in the Oregon state Capitol that a boycott by Republican senators, which has been underway for six weeks, could end soon as GOP and Democratic leaders met to negotiate compromises over bills on abortion, transgender health care and gun safety.

The walkout, which began on May 3, is the longest in the 163-year history of the Oregon Legislature and reportedly the second-longest of any U.S. state, after Rhode Island.

This year several statehouses around the nation, including Montana and Tennessee, have been ideological battlegrounds. Oregon — which pioneered decriminalizing marijuana, boosting recycling, and protecting immigrants — is often viewed as one of America’s most liberal states. But it also has deeply conservative rural areas.

The talks in Oregon aimed at ending the impasse gained momentum when Republicans, led by Senate Minority Leader Sen. Tim Knopp, began late last week to negotiate on the contentious bills.

‘I don’t want to say anything to jinx the current state of play, but I will say that at this point I’m optimistic,’ Sen. Michael Dembrow, a Portland Democrat, told his constituents in an email.

The Republican walkout, the sixth since 2019, has prevented a quorum in the Senate, freezing debates and floor votes on over 100 bills. Oregon is one of only four states requiring two-thirds of legislators to be present for quorum instead of a majority. Four states require two-thirds of legislators to be present for quorum.

On Wednesday, more than 40 Oregon Democratic House and Senate members sponsored a joint resolution proposing an amendment to the state Constitution to require a majority of each chamber in the Legislature to be present to conduct business. If passed by the Legislature, which seems unlikely given that there’s only 11 days left in the current legislative session, it would go before Oregon voters in a ballot measure in the 2024 election.

The 2023 legislative session must end, according to the state Constitution, no later than June 25. Bills on state budgets for the next two years are also supposed to be approved by then by the Senate and House. If not, Democratic Gov. Tina Kotek would call a special session for this summer to pass a biennial budget. She has signed a resolution that would maintain funding at current levels for state agencies until September.

Oregon Republicans, in particular, oppose a provision in the measure on abortion and transgender health care that would allow doctors to provide abortions regardless of the patient’s age, with medical providers not required to notify the parents of a minor, especially when doing so could endanger the child, such as in cases of incest.

They also object to amendments in a gun-control measure that originally would punish the manufacturing or transferring of undetectable firearms with a maximum 10-year sentence and $250,000 fine, but was expanded to increase the purchasing age to 21 for AR-15s and similar types of guns, and allow for more limited concealed-carry rights.

Connor Radnovich, spokesperson for Senate President Rob Wagner, said the talks continued on Wednesday behind closed doors.

‘Conversations are ongoing and it seems that both sides are hopeful that a deal can be reached,’ Radnovich said.

In a conciliatory gesture, Wagner gaveled open Senate floor sessions this week but did not conduct a roll call. That keeps boycotting Republicans from being assessed fines of $325 for every day that a quorum isn’t reached. The fines had been assessed starting June 5.

After GOP lawmakers boycotted the Oregon Legislature in 2019, 2020 and 2021, voters last November approved a ballot measure by an almost 70% margin aimed at stopping walkouts. Lawmakers with 10 or more unexcused absences would be disqualified from reelection in the next term, according to the measure’s title and summary.

Republican senators are expected to file court challenges if the secretary of state’s elections division bars them from registering as candidates in September.

The state with the longest walkout is Rhode Island, according to a list by Ballotpedia.

In 1924, Republican senators in New Hampshire fled to Rutland, Massachusetts and stayed away for six months, ending Democratic efforts to have a popular referendum on the holding of a constitutional convention.

That self-imposed exile followed the detonation of a gas bomb in the Senate chamber. Democrats and Republicans both accused each other of setting it off.

 

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Consumer price growth cooled again in May to the lowest level since March 2021, the Bureau of Labor Statistics reported Tuesday.

On an annual basis, price growth fell to 4%. Price growth climbed just 0.1% month-over-month.

The reading was slightly better than economists’ forecast of 4.1% — and down significantly from 4.9% rate in April. On a monthly basis, the forecast was for a 0.1% increase, lower than April’s 0.4% reading.

A selection of canned soups at a Tops Super Market in Greenville, N.Y.Robert Nickelsberg / Getty Images file

The data shows that inflation — and the high prices that result from it — is finally starting to meaningfully come down.

Especially notable was lower growth in the price of services, like medical services and air travel. This is a key category the Federal Reserve has been watching because it’s been the slowest to come down. For May, the ‘core’ services category, excluding housing costs, fell from 5.1% to 4.6% year over year.

Declines were seen across the board — but food price growth continues to accelerate faster than other categories, climbing 6.7% overall year on year. Food-at-home prices rose 5.8% while prices for food away from home climbed 8.3%.

Nearly one year after inflation peaked at a 40-year high of more than 9%, analysts are now debating just how fast inflation will continue to fall.

Some things aren’t falling as dramatically

In a note to clients Monday, economists at Citibank said workers’ pay increases continue to be substantial at about 6% since March 2022. It’s a pace, they say, that is ‘consistent with underlying price inflation stably around 4.5% to 5%.’

Groceries are also continuing to see rapid increases. Prices for food ordered online climbed 8.2% over the past 12 months in May, according to data from the Adobe Digital Price Index, a separate reading unrelated to the inflation data published by the U.S. Labor Department.

While that metric is down from the 14.3% high last September, consumers are increasingly buying more of their groceries online, according to the Adobe data. As a result, the category has generally moved in lock step with the official Consumer Price Index.

Food prices are influenced by the same forces as other sectors, including higher wage costs, said Jayson Lusk, a professor and head of the Department of Agricultural Economics at Purdue University. In an interview, Lusk noted wages in the food service industry have jumped more than 20% for food and beverage retailers compared with pre-pandemic levels.

‘The cost of agriculture relative to other costs for food is small; it’s mainly labor, transportation, and real estate,’ Lusk said. ‘So if you’re looking at causes, it’s probably in those spaces.’

Central bankers make their move next

The Federal Reserve is still hoping to cool the overall inflation rate to 2%. On Wednesday, it will announce its latest interest rate policy, and is expected to hold the key federal funds rate at about 5% following 10 consecutive rate hikes since March last year.

By making it more expensive to borrow and invest, the Fed hopes to reduce demand for goods and services in the economy.

Though mindful of the consumer impact of price increases, the Fed tends to discount changes in food and gas prices, which are usually volatile.

Instead, it is now focused on price increases in services like the cost of travel, which includes airfare and hotel expenses. Those continue to surge, which is likely to keep inflation elevated.

“[The] magnitude of [service] price increase has failed to slow enough to be comfortable that inflation is firmly on a path to 2%,” Joe Davis, chief global economist at Vanguard, and Andrew Patterson, a senior international economist at Vanguard, said in a statement. They pointed to ongoing increases in wages as one reason this measure has proven sticky.

‘An easing in labor market pressures will be key in lowering this component,’ they wrote.

In a follow-up phone interview, Patterson noted employment in leisure and hospitality still has not reached pre-pandemic levels, which is causing pay in lower-wage industries to rise.

‘It’s taking longer than anticipated to resupply the workforce,’ Patterson said.

He added that if these workers continue to experience higher household inflation, they are more likely to demand higher wages.

‘That dynamic will take time to change,’ Patterson said.

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Sen. Richard Blumenthal, D-Conn., on Monday demanded to see records from PGA officials outlining work that ended in the tour’s merger with Saudi Arabia-backed LIV Golf.

Blumenthal, chairman of the Senate Permanent Subcommittee on Investigations, said he fears the risks brought on by the Saudi government taking hold of a popular athletic pastime.

PGA Tour’s agreement with the Saudi’s Public Investment Fund regarding LIV Golf ‘raises concerns about the Saudi government’s role in influencing this effort and the risks posed by a foreign government entity assuming control over a cherished American institution,’ the lawmaker wrote in a letter to PGA Tour Commissioner Jay Monahan.

Blumenthal appeared to cite the PGA’s own words and actions prior to last week, when the tour appeared to stand in total opposition to LIV.

Just one year ago, Monahan famously said any player aligned with LIV should feel the world’s shame: “I would ask any player that has left, or that would ever consider leaving, have you ever had to apologize for being a member of the PGA Tour?’

‘PIF has announced that it intends to use investments in sports to further the Saudi government’s strategic objectives,’ according to Blumenthal. ‘It established LIV Golf Investments in 2021 to serve this goal. Critics have cast such Saudi investments in sports as a means of ‘sportswashing’ — an attempt to soften the country’s image around the world — given Saudi Arabia’s deeply disturbing human rights record at home and abroad. In fact, prior to this agreement, PGA Tour was one of the loudest critics of LIV Golf’s affiliation with Saudi Arabia.’

Blumenthal said the PGA Tour’s tax-exempt status gives his committee the authority to demand documentation and answers from the organization.

“We are confident that once Congress learns more about how the PGA TOUR will control this new venture, they will understand the opportunities this will create for our players, our communities and our sport, all while protecting an American golf institution,’ the PGA said in a statement.

A representative for LIV declined to comment on Monday.

The PGA Tour is set to come to Blumenthal’s state later this month for the Travelers Championship at TPC River Highlands in Cromwell.

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With a strike authorization vote underway, union leaders and UPS announced a tentative deal to add air conditioning to the package carrier’s iconic brown delivery vehicles for the first time.

“The Teamsters and UPS agreed to tentative language to equip the delivery and logistics company’s fleet of vehicles with air conditioning systems, new heat shields, and additional fans,” the union said in a statement late Tuesday.

UPS confirmed it reached an agreement on heat safety with the Teamsters, saying in a statement that the tentative language “includes new measures that build on important actions rolled out to UPS employees in the spring, including new cooling gear and enhanced training.”

The announcement follows years of complaints by labor leaders — at UPS and other major retail and logistics companies — that working in hot weather can become unbearable and even dangerous.

Until now, the nation’s largest package carrier has long resisted calls to add air conditioning to its fleet as summertime temperatures have climbed to record highs across the country. More than 100 UPS workers have been hospitalized for heat illnesses in recent years, with some falling so ill that they neared kidney failure, NBC News has reported.

The tentative agreement would require in-cab air conditioning in most UPS delivery vehicles purchased after Jan. 1, 2024, the Teamsters said in the announcement. Two fans would also be installed in package cars, which the union said make up most of the company’s 93,000-vehicle fleet.

Newer vehicles would also be equipped with exhaust heat shields, and existing and newly purchased package cars would be fitted with air induction vents “to alleviate extreme temperatures in the back of the vehicles” where cargo is held, the union said.

UPS workers say the backs of trucks, where they must go to retrieve packages, can sometimes feel like saunas. Occupational Safety and Health Administration inspectors have documented heat indexes of 126, and temperature readings taken by workers in their trucks in Arizona and Florida and provided to NBC News have shown temperatures above 150 degrees.

News of the tentative heat safety deal could lower the likelihood of a nationwide strike that workers have threatened, as broader negotiations over a new five-year contract covering some 340,000 UPS employees continue ahead of a July 31 deadline.

Unionized workers have been voting since last week on whether to authorize a strike, with results set to be announced Friday. The vote, which wouldn’t automatically trigger a work stoppage if approved, is a common bargaining tactic that aims to boost the union’s leverage.

Still, a vote in favor would move UPS workers one step closer to a potential nationwide work stoppage — which could be called as soon as Aug. 1, the day after the current contract expires — that experts say could deal a fresh blow to the U.S. economy even as inflation cools.

Logistics experts have warned that a protracted strike would likely disrupt more deliveries than top rivals such as FedEx or the U.S. Postal Service could absorb, potentially upending the back-to-school shopping season.

“Even one day of strike by UPS would have a significant impact on delivering those orders,” said Jess Dankert, vice president for supply chain at the Retail Industry Leaders Association, a trade group representing major brands such as Walmart and Target.

If UPS and Teamsters leaders can’t reach a contract agreement in time and workers opt to walk off the job, it would be the largest single-employer strike in U.S. history. The last UPS strike, which lasted 15 days in 1997 and centered on securing better wages and job security, cost the company $600 million in revenue but resulted in employee gains on both measures.

The rise of e-commerce, accelerated by the pandemic, has reshaped UPS workers’ demands this time around. They’re now sorting and delivering millions of more packages — 6.2 billion globally in 2022, up from 5.5 billion in 2019 — and say UPS could use the $13 billion it generated in profits last year to improve pay and working conditions, particularly around heat safety.

As recently as Monday, the union was publicly hammering UPS on the issue, with the Teamsters urging union Twitter followers to “EXPOSE UPS INACTION ON HEAT SAFETY.” Union President Sean O’Brien, who was elected in part for his willingness to call for a strike, retweeted the message.

UPS is far from the only major logistics operator to face scrutiny around heat-related risks to its employees. And while UPS is unusual in its industry for maintaining a large unionized workforce, any new concessions by the package carrier could ramp up pressure on rivals to follow suit.

Workers and labor advocates have also called on Amazon and FedEx to improve conditions in their vehicles and facilities after incidents that drew attention to the issue. Last summer, Amazon upgraded the air-conditioning system in a New Jersey warehouse weeks after a worker collapsed on site during a heat wave and later died, NBC News reported. The company attributed the death to a “personal medical condition” at the time.

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Mortgage rates pulled back for the second straight week last week, and it was enough to get both current and potential homeowners on the phone with their lenders.

Mortgage application volume rose 7.2% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.77% from 6.81% in the prior week, with points falling to 0.65 from 0.66 (including the origination fee) for loans with a 20% down payment.

Applications to refinance a home loan rose 6% for the week but were 41% lower than the same week one year ago. While rates pulled back, they are still more than a full percentage point higher than they were a year ago and more than twice what they were in the first two years of the Covid pandemic, when there was a refinance boom. Most borrowers today have lower rates than what is currently available and therefore do not want to lose those rates even for a cash-out refinance.

Applications for a mortgage to purchase a home increased 8% for the week but were 27% lower than the same week one year ago.

“Rates that are still more than a percentage point higher than a year ago, and low for-sale inventory continue to constrain homebuying activity in many markets,” said Joel Kan, an MBA economist, in a press release. “The average loan size on a purchase loan decreased for the third straight week, as we continue to see more first-time homebuyer activity in the purchase market.”

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Mortgage rates haven’t moved much this week, but that could change Wednesday afternoon when the Federal Reserve announces the results of its latest policy meeting and updated rate forecasts.

“Some say the Fed will use those forecasts to telegraph another rate hike or two in 2023. Although the Fed Funds Rate doesn’t directly dictate mortgage rates, such a move would still put quite a bit of upward pressure on interest rates of all shapes and sizes,” wrote Matthew Graham, COO of Mortgage News Daily.

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The Federal Reserve said Wednesday it was keeping its key interest rate at about 5% — the first time it has kept the rate steady in more than a year.

The reason for the hold: Inflation appears to be finally easing, and the Fed wants to assess whether it has already raised rates high enough to tame price increases.

Chair of the Federal Reserve Jerome Powell at a Senate hearing on March 7, 2023.Graeme Sloan / Sipa USA via AP file

Yet the Fed also signaled rates could still go higher if inflation proves sticky.

‘Inflation remains elevated,’ the Fed’s Open Market Committee said Wednesday in a statement, adding it was prepared to adjust rates ‘if risks emerge that could impede the attainment of the Committee’s goal’ of reaching a 2% inflation rate.

At the same time, the Fed also lowered its unemployment projections from 4.5% to 4.1%. The rate currently stands at 3.7%.

That means the Fed thinks it can continue to hike rates without causing mass job losses.

Amid prior soaring inflation readings, the Open Market Committee raised interest rates 10 consecutive times from March 2022 to this May.

But Tuesday, the Bureau of Labor Statistics announced that the 12-month inflation rate had fallen to 4% — the lowest reading in more than two years.

The impact of higher interest rates has been substantial, causing lending rates across the economy, from credit cards to corporate lending, to touch their highest levels in decades.

By making it more expensive to borrow and invest, the Fed has been working to slow the overall demand in the economy and thus reduce upward price pressure.

Inflation is indeed coming down — from a peak annual rate of more than 9% last June to 4% in May.

But that is still higher than the Federal Reserve’s 2% target.

So even as the central bank looks to take a break from its interest rate hikes, it plans to tell businesses and consumers there are more increases to come.

Why interest rates may stay elevated for now

‘The case to keep hiking remains strong,’ Neil Dutta, head of economic research at Renaissance Macroeconomics, a data and consultancy group, wrote in a note to clients Monday.

He noted that unemployment, at 3.7%, remains much lower than what the Fed has anticipated. Meanwhile, economic growth actually appears to be picking up, he said, citing a recent forecast from the International Monetary Fund.

What’s more, bank lending, home prices and stock prices have all begun to increase again, he said.

At least one Fed official agrees there is no need to stop the interest rate bumps now.

“I don’t really see a compelling reason to pause — meaning wait until you get more evidence to decide what to do,” Loretta Mester, president of the Federal Reserve Bank of Cleveland, said last month in an interview with the Financial Times. “I would see more of a compelling case for bringing (rates) up.”

Making the case for a pause

Others disagree that the Fed needs to stay on its current pace of hiking, citing the fact that it often takes time for tighter monetary policy to take full effect in the economy.

‘We have seen inflation continue to improve — the trend is lower,’ Angelo Kourkafas, investment strategist at Edward Jones, said in a phone interview.

In addition to an apparent slowdown in price increases, the labor market is also showing signs of weakness, he said, citing higher jobless claims, reduced hours worked and lower demand for temporary payrolls.

Another Fed official stands squarely in the wait-and-see corner.

“Maybe the majority of the tightening impact of what the Fed already did is still to come,” Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said last month.

“And then you add the bank stresses on top of it,’ he said, referring to the failure of Silicon Valley Bank in March and First Republic Bank in May.

‘We have got to take that into account,” Goolsbee added.

What’s more, the Fed can always tighten monetary policy later, Kourkafas said. But it may not need to.

‘Something has to give, and growth is going to give later,’ he said.

While there is indeed a ‘foundation’ for an emerging bull market, it is likely premature to say that the nation is at the start of a new economic cycle, he said.

‘I think there is going to be some cost to tightening, in the form of slower growth down the road,’ Kourkafas said.

‘It’s not going to be a deep or prolonged downturn, but at the same time, as pandemic effects fade, like cumulative savings and pent up demand, it suggests lower customer spending, and slower economic growth,’ he said.

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The House of Representatives on Wednesday voted against the idea of censuring and condemning Rep. Adam Schiff, D-Calif., for insisting that former President Donald Trump colluded with Russia to win the 2016 election.

In a 225-196 vote, lawmakers decided to set aside the censure resolution against Schiff, effectively killing it and preventing a vote on passage. The resolution, introduced by Rep. Anna Paulina Luna, R-Fla., was opposed by 20 Republicans as two other GOP lawmakers voted ‘present’ along with five Democrats.

The resolution was known to be on shaky ground with some Republicans. One expected ‘no’ vote, Rep. Tom Massie, R-Ky., said he opposed the idea of a fine against Schiff — the resolution up Wednesday recommended a $16 million fine but did not require it.

‘Adam Schiff acted unethically but if a resolution to fine him $16 million comes to the floor I will vote to table it. (vote against it),’ he tweeted Wednesday.

‘The Constitution says the House may make its own rules but we can’t violate other (later) provisions of the Constitution,’ he added. ‘A $16 million fine is a violation of the 27th and 8th amendments.’

Along with Massie, the 19 other Republicans voting with Democrats to kill the resolution were Reps. Kelly Armstrong of North Dakota, Lori Chavez-DeRemer or Oregon, Juan Ciscomani of Arizona, Tom Cole of Oklahoma, Warren Davidson of Ohio, Brian Fitzpatrick of Pennsylvania, Kay Granger of Texas, Garret Graves of Louisiana, Thomas Kean of New Jersey, Kevin Kiley of California, Young Kim of California, Michael Lawler of New York, Tom McClintock of California, Marcus Molinaro of New York, Jay Obernolte of California, Michael Simpson of Idaho, Michael Turner of Ohio, David Valadao of California and Steve Womack of Arkansas.

It wasn’t clear late Wednesday whether House Republicans might try again with a resolution against Schiff that leaves out all mentions of possible fines.

The resolution that failed on the House floor Wednesday said claims of Trump-Russia collusion were cooked up by Trump’s political opponents and pursued by the Department of Justice despite the lack of any solid foundation for suspecting collusion.

The resolution says the Democrats’ claims of collusion were ‘revealed as false’ by ‘numerous’ investigations, including Special Counsel John Durham’s probe into how the investigation into Trump was launched. It says that report, and reports from Special Counsel Robert Mueller and DOJ Inspector General Michael Horowitz, show that collusion ‘does not exist’ despite Schiff’s public claims to the contrary.

‘By repeatedly telling these falsehoods, Representative Schiff purposely deceived his Committee, Congress, and the American people,’ the resolution says.

‘Representative Schiff lent credibility to the Steele dossier — a collection of debunked collusion accusations funded by President Trump’s political rivals — by reading false Steele allegations into the Congressional Record,’ it says.

‘Representative Schiff composed a false memo justifying the Foreign Intelligence Surveillance Act (FISA) warrant application on Trump associate Carter Page, which Inspector General Horowitz later found was riddled with 17 major mistakes and omissions, provoking FISA Court Presiding Judge Rosemary Collyer to state unequivocally that the Federal Bureau of Investigation ‘[misled] the FISC,” it adds.

‘Representative Schiff used his position and access to sensitive information to instigate a fraudulently based investigation, which he then used to amass political gain and fundraising dollars,’ it says. ‘The American taxpayers paid $32 million to fund the investigation into collusion that was launched as a result of Representative Schiff’s lies, misrepresentations, and abuses of sensitive information.’

If the resolution were to pass, it would formally censure and condemn Schiff’s actions for misleading the public ‘in a way that is not befitting’ an elected member of the House.

It would require Schiff to stand in the well of the House while the resolution is read in full.

And it would require an investigation into Schiff’s ‘lies, misrepresentations and abuses of sensitive information’ by the House Committee on Ethics.

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Democratic lawmakers are attempting to force insurance companies to pay for pregnancy treatments for homosexual couples in California by redefining ‘infertility’ to include couples who cannot reproduce because they have a partner of the same sex.

The California Senate passed a bill in May that for insurance purposes would redefine ‘infertility’ as ‘a person’s inability to reproduce either as an individual or with their partner without medical intervention.’

SB-729 would repeal and add to sections of the state’s current Health and Safety Code and Insurance Code so that same-sex couples unable to reproduce together would be considered ‘infertile,’ and insurance companies would be required to cover costs for treatments such as in vitro fertilization (IVF) or surrogacy.

‘This bill would require large group, small group, and individual health care service care plan contracts and disability insurance policies issued, amended, or renewed on or after January 1, 2024, to provide coverage for the diagnosis and treatment of infertility and fertility services,’ the legislation states. ‘The bill would revise the definition of infertility, and would remove the exclusion of in vitro fertilization from coverage.’

IVF treatments include costly procedures like ‘ultrasounds, blood tests, egg retrieval, lab fees, embryo transfer, cryopreservation of viable embryos and one year of embryo storage fees,’ according to the Pacific Fertility Center of Los Angeles.

The center also states that the average cost for in vitro treatments in California is between $8,000 to $13,000 for one cycle, not including medication.

If passed, the bill would cover costs for surrogacy, which is a much more expensive treatment that averages anywhere from $14,000 to $46,000.

The Democrat-sponsored bill was introduced by State Sen. Caroline Menjivar, who said that the legislation ‘will ensure that queer couples no longer have to pay more out of pocket to start families than non-queer families.’ The Senate bill was coauthored by Democrat state senators Anthony Portantino and Scott Wiener.

Men Having Babies, a group seeking to ‘broaden access to affordable and ethical parenting options for gay men,’ said it supports the bill because it believes the anguish felt by women and men who cannot get pregnant is ‘equal’ to the frustrations of a same-sex couple who cannot reproduce.

‘The anguish and yearning that same-sex couples and singles feel due to their inability to reproduce without medical intervention is equal to the anguish of heterosexual couples who suffer from ‘medical infertility,” MHB wrote on its website.

The bill comes as the California State Assembly is also pushing a bill amended so parents in custody battles could be found liable for child abuse if they do not affirm the gender identity of their children.

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