U.S. lawmakers have passed the National Defense Authorization Act (NDAA), which includes a 5.2% pay raise for service members, the largest in 20 years, and provides $72 million in funding for Oklahoma military bases. The act supports Ukraine, Israel, and Taiwan and allocates $150 million for HBCUs for R&D. Bank of America and Goldman strategists expect the Federal Reserve to start cutting interest rates in March 2024, with four rate cuts of 25 basis points each. Michigan has signed bills to address clean drinking water in schools and childcare centers, supported by the Bipartisan Infrastructure Law. The Inflation Reduction Act and an executive order on federal construction projects aim to raise labor standards. The 2024 NDAA includes a Buy American provision and mandates project labor agreements for federal projects over $35M. The Bipartisan Infrastructure Law also funds coastal restoration and resilience projects. A $20 million federal grant will support the Las Vegas Wash erosion control project. The U.S. economy shows signs of recovery with over 14 million jobs created, unemployment under 4% for 22 months, and real wages rising. The Resilient Coasts and Estuaries Act has been introduced to protect coastal habitats. Military families will benefit from improved access to housing, child care, and food security. In the UK, inflation has dropped more than expected to 3.9%, down from 11.1% a year ago, with UK food price CPI inflation at 9.2% in November. Investors are betting on rate cuts to 4% by the end of the year.
Southern Nevada will receive a $20 million federal grant to help protect the Las Vegas Wash. https://t.co/KGrWU61koc
Inflation down. Unemployment down to historic lows. Working to get debt down. The facts speak for themselves. This government is delivering. Introducing the biggest tax cuts package since the 80s, supporting people with a cost of living package & working to grow our economy. https://t.co/bpBlgqx7X2
🔸 Fed Rate Cuts to Benefit Long US Treasurys, BofA Survey Says Long 30-year U.S. Treasurys will be the best performing asset if the Federal Reserve cuts rates in the first half of 2024, according to 26% of respondents in Bank of America's December global fund manager survey.…
Good news - Inflation has more than halved, from over 11% to 3.9% so we can see the government’s plan is working. With inflationary pressures easing, alongside the major business tax cuts announced in the autumn statement, we are back on the path to healthy sustainable growth. https://t.co/AjbKlWx4EZ
Following this morning’s lower-than-expected UK inflation data, investors are now betting on almost 1.25 percentage points worth of rate cuts next year, taking the @bankofengland rate down to 4 per cent by the end of the year. https://t.co/jvcCfpxC5n
📉 Lower fuel prices and easing food costs helped CPI drop to 3.9pc in November. A chief economist at the ONS described the reading as “good news”, with a broad easing in price rises reflected in “lower inflation across the board” Read more ⤵️ https://t.co/dLOg5NKaxD
The pace of price rises has slowed dramatically. Happy Christmas. Writes ITV News Economics Editor @ITVJoel as he explains how inflation has dropped https://t.co/x8f7iXSVeE
Actually the Christmas present is that prices have fallen in November - not just risen more slowly. There is real good news in today's inflation stats, after a truly terrible few years on the prices front https://t.co/B6jydMDpAx https://t.co/Hs2XtRBON3
UK CPI surprised on the downside to 3.9% but #Greedflation in the food supply chain is stopping it falling to 2%. UK food price CPI inflation has fallen a 19% peak to 9.2% in Nov. But that is far in excess of where £ food raw material prices and PPI food suggest it should be. https://t.co/Ve2XCB4Du0
The plan is working. Inflation has more than halved, from over 11% when @RishiSunak first became Prime Minister to under 4% now. Alongside the major tax cuts @Jeremy_Hunt announced, we are back on the path to growth. https://t.co/hCvOjodWgh
NEWS - Inflation falls to 3.9% "Once you do the hard work to squeeze inflation out of the system, you can start looking forward to the kind of growth that will see people's wages go up". Chancellor @Jeremy_Hunt on today's fall in inflation. https://t.co/Sg1VDhLcbW
A year ago inflation was at 11.1%. Today, it’s down to 3.9%. This is good news for everyone in this country. https://t.co/jIN3TugHlB
Responding to the news, Jeremy Hunt said: "We are back on the path to healthy, sustainable growth."
'A fall in inflation is a welcome relief for families.' However, Shadow Education Secretary @bphillipsonMP adds that "prices are still rising." https://t.co/BqQDPzr0SC 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/3gYAUl6hj9
Inflation has fallen further than expected to 3.9 per cent, official figures released by the Office for National Statistics 📉 @gracegausden93 looks at what it means for your money https://t.co/vYvL5pxTQT
📉 Inflation fell by more than expected last month to its lowest level in more than two years, official figures show, in a sign that the Bank of England will have room to cut interest rates earlier next year. Read more: https://t.co/jBrfj0PSMR https://t.co/aOccGGMSfU
"The PM's main pledge at the start of this year was to half inflation, he has more than delivered that." Chancellor Jeremy Hunt MP adds "when we can, we want to bring down the tax burden." https://t.co/PAiZ4D1jU3 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/KF92FOtxjT
Fantastic news and an early Christmas present 🎁 Inflation has now more than halved we are well on track 📉 https://t.co/QsJeLkI6a2
"It's a little bit of festive cheer." Times Money Mentor's editor-at-large explains the implications for consumers as inflation drops (3.9%) to its lowest level in more than two years. #TalkTV https://t.co/WVBVwSDrju
Fantastic news as inflation drops significantly since October. The effect of hard work from Govt and particularly @ClaireCoutinho’s competition and transparency efforts on fuel prices. https://t.co/AXOKtF9OsU
Inflation has more than halved, from over 11% to 3.9% - so we can see the plan is working. With inflationary pressures easing, alongside the major business tax cuts I announced in the autumn statement, we are back on the path to healthy sustainable growth https://t.co/i9gWCS33hp
🚨 Inflation is down to 3.9% this month, beating expectations. 🔓 Become a GB News Member: https://t.co/mNsRsGC8ef https://t.co/lomUdQnHqR
🔴 UK INTEREST RATE SWAPS SHOW 138 BPS OF RATE CUTS PRICED IN FOR 2024 VS 117 BPS BEFORE CPI DATA.
🔴 UK INTEREST RATE SWAPS SHOW FIRST BOE RATE CUT FULLY PRICED IN BY MAY 2024.
🔴 TRADERS RAMP UP BOE BETS AND PRICE 141 BPS OF 2024 CUTS AFTER UK CPI.
🔴 UK INTEREST RATE SWAPS SHOW GREATER THAN 50% CHANCE OF A BOE RATE CUT BY MARCH 2024 FOLLOWING LOWER THAN EXPECTED CPI DATA.
Work and pensions secretary @MelJStride MP says the UK is 'beginning to turn the corner' on inflation, after figures revealed that the rate fell to 3.9% in November. Latest 🔗 https://t.co/q0C8greNNm 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/xoli6VwrTR
Inflation drops far faster than expected, from 4.6% to 3.9%. Expectations were a slowdown to 4.3%. Month on month prices actually fell, inflation was -0.2%. Core down fast, too, at 5.1% from 5.7%
Federal officials are setting aside $20 million for a Las Vegas Wash project that would implement erosion control measures and protect wildlife. https://t.co/SaSlbDZVyr
$20 million in federal funding coming to Las Vegas Wash restoration. Details in a story you'll see only on FOX5. https://t.co/cPRdQl2guN
Our service members and their families sacrifice so much to keep us safe – the least we can do is ensure they live with dignity. That's why I'm proud to expand military families' access to high-quality housing, child care, and food security through my work in this year's NDAA. https://t.co/9y7uTIX04Q
Excited to share I just introduced my bipartisan Resilient Coasts and Estuaries Act. This bill would reauthorize and revitalize the Coastal and Estuarine Land Conservation Program, protecting fragile coastal habitats in our district & across the country. https://t.co/7PJdiREcdu
Thank you to @GovWhitmer for putting Michigan families first by signing legislation prioritizing safe drinking water in schools! This is crucial for the protection of our kids. https://t.co/1OJMtbjh3k
I was proud to help pass the Bipartisan Infrastructure Law last Congress. Today, we’re celebrating more of that money returning to Nevada for the Las Vegas Wash — a critical piece of infrastructure that keeps more water in Lake Mead as our community continues to grow and thrive. https://t.co/mGFJXDmyq4
I proudly championed the #BipartisanInfrastructureLaw which is investing in our water systems, roads, bridges, & internet. With this grant, @PortNOLA will be able to modernize & grow its operations & ensure it's the economic driver for the entire region. https://t.co/f8ceBX3PiU
Military spouses are critical support systems in their families—and I’m proud to lead the bipartisan READINESS Act to provide job and career support to them when their spouse faces deployment or transfer. https://t.co/LaTbCKfbhU
-14+ million jobs created and small businesses started -Unemployment under 4% for 22 months straight -Real wages rising and higher than pre-pandemic Thanks to the resilience of American families and @POTUS’ Investing In America Agenda, our economic recovery remains strong. https://t.co/Ki4QJcGAgM
I’m excited to announce $20 million in #BipartisanInfrastructureLaw funding from @usbr for @SNWA_H2O to build an erosion control structure in the Lower Las Vegas Wash. By investing in the protection of our environment, we are investing in a cleaner, healthier future.
Glad to see this move by the Biden Admin to ensure better work conditions for federal contractors. Workers are the backbone of our economy — and collective bargaining agreements like these PLAs are the strongest tool we have to ensure they earn the pay and benefits they deserve. https://t.co/0QFeaRejJw
By creating good-paying jobs, strengthening the industrial base, and supporting strong labor standards, my #BuyAmerican legislation is a major win for workers. I'm proud to have worked with @MachinistsUnion to secure its passage in this year's NDAA. https://t.co/poPVtTQal3
Job creation is up, gas prices are down and we continue to build a healthy economy.
I’ve always championed educational freedom because of one simple truth – when parents choose the school, kids succeed in the classroom. I'm proud to join @SenMikeLee in introducing legislation making sure every child has access to a quality education. https://t.co/nzMwxNxTOl
'Will food bank usage fall by next election?' The PM says 'I'm generally confident that the policies we are putting in place are making a difference in helping the most vulnerable'. https://t.co/PAiZ4D1RJB 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/alNijo2xl1
"What would you say is the greatest strategic challenge facing the UK?" - @bernardjenkin MP PM Rishi Sunak responds saying: "The increasingly complex and hostile international environment." https://t.co/YqA1mmtDGo 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/SkHkLGbFxz
"Do you consider yourself a leader on the global stage?" - Sarah Champion MP. PM Rishi Sunak says "I'm very proud of the UK's leadership in multiple areas over the last 12 months." https://t.co/PAiZ4D1RJB 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/Qt8iiyo7nL
"Do you consider yourself a leader on the global stage?" Rishi Sunak is asked by Sarah Champion, the chair of the International Development Select Committee The PM says "others will make that determination" Follow Liaison Committee live: https://t.co/6MqFL6gAQI https://t.co/dGfsrDGS2P
With a 5.2% pay raise, improved housing, and expanded childcare support, the National Defense Authorization Act makes significant strides in supporting servicemembers and the folks who depend on them. https://t.co/6zLCkEVTYW
Unions are the backbone of NV's workforce. And for the first time, ALL federal construction projects valued at $35M+ will be required to have project labor agreements. 🤝 This is a win for the workers building our nation.
Proud to join #TeamMaryland in announcing new @NFWFnews and @NOAA funding for coastal restoration and resilience projects. Thanks in part to the Bipartisan Infrastructure Law, these funds will improve our coastal communities — including the Chesapeake Bay. https://t.co/6uhPsk4xse https://t.co/x2L5RlbxUA
Our NDAA gives service members a 5.2% pay raise to help offset inflation. We also made healthcare and housing more affordable for military families. #WickerReport https://t.co/P8BFm49DgT
Last week, my Buy American provision passed in the 2024 NDAA. As we face new threats to our security & democratic values, this bill will bolster our industrial base, strengthen partnerships with allies, & build an American workforce ready to take on the challenges of our time. https://t.co/K0OKU2RCVp
NEW: This executive order ensures that federal construction projects across the Commonwealth and our country will be completed efficiently and create high-quality, union jobs. Proud to serve alongside the most pro-union @POTUS in American history. https://t.co/NLLwzJmR6H
With the Inflation Reduction Act and Bipartisan Infrastructure Law investing billions into our communities, we must make sure that federal construction projects empower workers and raise labor standards. I applaud today's executive order which does just that. https://t.co/jZlVaEFaEV
The job isn’t finished—but it’s clear that the policies promoted by @POTUS are leading to a strong, resilient economic recovery. We’ll keep fighting to lower costs, create good-paying jobs, and invest in American families. https://t.co/oesZlzaePq
THRILLED to join @GovWhitmer alongside many local leaders and elected officials for the signing of two bills to address clean drinking water needs for our schools and childcare centers, reduce public school debt, and invest in talent development. Michigan Democrats deliver. https://t.co/UDZVaG41Vt
🇺🇸 Goldman strategists expect the Fed to cut rates by 25 basis points at its March, April and May meetings, followed by quarterly cuts that will bring benchmark rates down to a range between 4% and 4.25% by year-end from the current range of 5.25% to 5.5%. https://t.co/ATizWItmzU
Thanks to @POTUS for prioritizing education and making it more accessible to America’s children! We will keep pushing for a more affordable, comprehensive education to ensure the success of Michiganders at all ages. https://t.co/AsovBaIszm
THRILLED to join @GovWhitmer, SML @WinnieBrinks, Speaker Joe Tate, & community leaders for the signing of two bills to address clean drinking water needs for our schools & childcare centers, reduce public school debt, & invest in talent development. Michigan Democrats deliver. https://t.co/p7Gt8NfBHy
Last week, I voted to secure $72 million for Oklahoma military bases. The NDAA will support Oklahoma military families, defend national security interests, and provide necessary oversight of funding to ensure tax dollars are accounted for. Read more⬇️ https://t.co/JqIRPevRxN
BANK OF AMERICA NOW EXPECTS THE FED TO START CUTTING INTEREST RATES IN MARCH BANK OF AMERICA ALSO NOW EXPECTS 4 RATE CUTS OF 25 BPS EACH NEXT YEAR UP FROM 3 BEFORE
⚠️ JUST IN: *BOFA GLOBAL RESEARCH NOW EXPECTS THE FED TO DELIVER FOUR 25BPS RATE CUTS IN MARCH, JUNE, SEPTEMBER, AND DECEMBER 2024 https://t.co/rCi7qEJ5ie
When I was elected to serve #IA04, I swore an oath to protect & defend the Constitution. That oath includes my commitment to our men & women in uniform. That’s why I voted for the NDAA, which delivers the largest pay raise for our troops in 20 years. https://t.co/TsPcaVOktA
ICYMI: last week I was proud to vote to pass the NDAA. This bill included a 5.2% increase for our service men and women, and support for Ukraine, Israel, and Taiwan. This legislation also has $150M for HBCUs for R&D. I will always support our national security and common defense.
ICYMI: last week I was proud to vote to pass the NDAA yesterday. This bill included a 5.2% increase for our service men and women, and support for Ukraine, Israel, and Taiwan. This legislation also has $150M for HBCUs for R&D. I will always support our national security.