President-elect Donald Trump said he would restore the executive branch impoundment authority to “cut waste, stop inflation, and crush the Deep State” during his second term.
In a video posted by his presidential campaign in June 2023, Trump explained that, if elected, he would “use the president’s long-recognized Impoundment Power to squeeze the bloated federal bureaucracy for massive savings.”
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The federal government, like many private companies that have offices in different locations, has provisions to adjust employees’ pay based on their location. It’s called locality pay.
For example, an employee in San Francisco, Calif. has a significantly higher cost of living than an employee in Casper, Wyo. San Francisco’s locality adjustment is an additional 41.44% of base pay.
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Thursday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed financial expert and Fox News contributor Liz Peek to the newsmakers line to weigh in on fiscally irresponsible federal spending, inflation, and those industries in which we will see the repercussions.
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President Biden’s $1.9 trillion “American Rescue Plan” could soon become law.
The budget-busting legislation, sold as emergency COVID response and “stimulus,” passed the Senate over the weekend. But even the liberal-leaning fact-checking website PolitiFact is pointing out that almost all of the bill’s spending is unrelated to the health effects of COVID-19.
“Total spending directly on COVID-19’s health impacts ranges from $100 billion to $160 billion,” fact-checker Jon Greenberg writes. “At the high end, direct COVID-19 spending represents about 8.5% of the bill’s $1.9 trillion cost.”
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Amajority of voters believe that the United States’s increasingly growing federal debt will hinder the county’s prospects in the future and position China as the next global financial center, according to a new Just the News Daily Poll with Scott Rasmussen.
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