All articles tagged with #election year
The U.S. Senate is actively working on digital asset market structure legislation amid an election year, with bipartisan efforts and support from key lawmakers like Senator Scott, despite some GOP caution. Wall Street groups are lobbying on crypto issues, and a new financial coalition plans to spend heavily to influence economic policies.
Investors face challenges in predicting a typical post-election stock market rally due to the S&P 500's strong performance over the past two years, with the index up 25% in 2024 after a 24% rise in 2023. This has led to high valuations and heavy equity investments, while rising bond yields and inflation threats loom. Despite the Federal Reserve's recent rate cuts, Wall Street strategists are cautious about further reductions, especially after President-elect Trump's economic plans raised inflation concerns.
Monthly encounters of migrants at America's southern border have significantly decreased by 42% from a peak of 302,000 in December to roughly 180,000 since January, a development that could benefit President Joe Biden in an election year.
"Civil War" writer-director Alex Garland addresses accusations of irresponsibility in releasing the film during a turbulent election year, emphasizing the importance of journalism and the consequences of silence. The film, set in an America at war with itself, has sparked heated debate for its lack of political context, but has also driven audience interest with a strong opening at the domestic box office.
Former President Donald J. Trump, known for his anti-abortion stance, has recently stated that abortion rights should be determined by individual states, signaling a potential shift in his position. This move is seen as an attempt to navigate the political repercussions of his strong anti-abortion stance and its impact on the Republican Party during an election year.
President Biden plans to announce a large-scale effort to provide student loan debt relief, aiming to fulfill a promise that was previously blocked by the Supreme Court. The plan would reduce the amount owed by 23 million borrowers and wipe away the entire debt for over four million Americans, with 10 million borrowers seeing relief of at least $5,000. The announcement is seen as an effort to rally support among young voters ahead of the November election, but the plan will face legal and timing challenges before taking effect.
Alex Garland's new movie "Civil War" is being analyzed as an "election year provocation" with ties to the anxieties of the 2024 election, following its premiere at SXSW. The film depicts a near-future America on the brink of civil war, with a narrative that resonates with the politically polarized times. Set to debut in U.S. theaters on April 12, the movie has sparked discussions about its relevance to the current political climate and the potential impact on audiences.
President Biden's budget proposal for fiscal 2025 includes tax breaks for families, lower healthcare costs, and higher taxes on the wealthy and corporations, aiming to reduce deficits by $3 trillion over a decade. The proposal covers various programs, including increased child tax credit, homebuyer tax credit, and down payment aid. It also seeks to help families afford basic needs, address housing shortage, and provide child care access. Biden's plan faces opposition from Republicans, who criticize it as reckless spending, while also highlighting differences in approaches to entitlements and spending cuts.
The House is set to pass a $78 billion bipartisan tax bill aimed at expanding the child tax credit and restoring corporate tax breaks, representing a rare feat in an election year. However, the bill faces resistance from Senate Republicans and some members of the House, posing a challenge to its enactment. The effort serves as a test of whether a divided Congress can overcome political divides and deliver legislation that contains victories for both parties.
The news industry in the US is facing mass layoffs, closures, and reader fatigue, with prominent newspapers and media outlets shedding staff and struggling to stay afloat. This comes as Americans prepare for a consequential election year, with concerns about disinformation, A.I.-generated agitprop, and the future of democracy. The pain is particularly felt at the community level, with an average of five local newspapers closing every two weeks and over half of all American counties experiencing limited access to local news.
Vice President Kamala Harris is planning a series of nationwide events focused on abortion rights as Democrats aim to rally voters for President Joe Biden's re-election and regain control of Congress. The first event is scheduled for Jan. 22 in Wisconsin, the anniversary of the Roe v. Wade decision. Harris aims to bring together Americans who believe in a woman's right to make decisions about her own body. The loss of Roe v. Wade in 2022 was a setback for Democrats, but they plan to make the issue a rallying cry in the 2024 elections. Harris has been actively advocating for abortion rights and has held numerous events on the topic.
Two recent surveys indicate that consumer optimism about inflation is increasing, which could be beneficial for President Joe Biden's reelection campaign. The New York Federal Reserve's consumer survey shows a drop in inflation expectations, while the University of Michigan's survey records a significant shift in consumer confidence. Despite a strong post-pandemic economic boom, the Biden administration has struggled to convince voters of its achievements, with high prices for essentials overshadowing economic progress. However, the recent positive consumer sentiment and strong jobs report may signal the beginning of an economic turnaround for the Biden administration in a challenging election year.
NPR's Tamara Keith and Susan Page of USA Today discuss the legacy of Rosalynn Carter, President Biden's low approval ratings on key issues, and the challenges of congressional dysfunction in an upcoming election year. They also touch on the potential for another government shutdown and the difficulties faced by Speaker Mike Johnson in navigating a narrow margin. The White House views the polls as reflecting broader approval ratings and takes a long-term perspective, while Susan Page emphasizes the impact of abortion and antipathy towards Donald Trump on voter choices. Finally, the journalists express gratitude for their families and the journalists who risk their lives to bring news, as well as the viewers and readers who engage in meaningful conversations.