Bloomberg Politics

Fed Holds Rates Steady, Projects One Rate Cut in 2026 | Balance of Power: Late Edition 03/18/2026

Mar 19, 2026Center

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Joseph Lavorgna, SMBC Americas Chief Economist, states “they did what they were suppose to do” when sharing his thoughts on the Federal Reserve opting to keep interest rates steady. Nadhim Zahawi, former UK Chancellor of the Exchequer, shares his thoughts on President Trump criticizing UK Prime Minister Keir Starmer for not being more supportive of the US’ efforts when it comes to Iran. Sen. Ron Johnson of Wisconsin (R) discusses the rising cost of US involvement in Iran, the ongoing DHS funding standoff, and the path forward for the SAVE America Act. (Source: Bloomberg)

Read Full Story at Source

Compare Perspectives

Found 8 stories

Taylor Swift and Travis Kelce skip traditional bridal party to honor 2 special loved ones at wedding

New York Post

38 minutes ago

Taylor Swift and Travis Kelce skip traditional bridal party to honor 2 special loved ones at wedding

The couple said "I do" at New York City's Madison Square Garden on Friday.

Right

Read →

Wannabe influencer busted for pelting sleeping homeless victims with ‘high-powered’ water gun

New York Post

1 hour ago

Wannabe influencer busted for pelting sleeping homeless victims with ‘high-powered’ water gun

A Houston man was slapped with multiple charges after posting videos of himself shooting homeless people with a “high-powered motorized water gun” in a sick social media stunt.

Right

Read →

Iran's control of the Strait of Hormuz remains a powerful bargaining chip

NPR Topics: News

3 hours ago

Iran's control of the Strait of Hormuz remains a powerful bargaining chip

Despite efforts by U.S. negotiators, Iran says it wants to charge a toll for ships to pass through the Strait of Hormuz. It's yet another unresolved issue of the U.S.-Iran war.

Center

Read →

Europe Has Replaced Most US Cuts Within NATO, Top Commander Says

Bloomberg Politics

6 hours ago

Europe Has Replaced Most US Cuts Within NATO, Top Commander Says

European NATO allies have mostly replaced the assets that the US has cut from its rescue plans in case of a war in Europe, Deputy Supreme Allied Commander Europe Sir John Stringer said in an interview.

Center

Read →

Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Raw Story

7 hours ago

Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Major American corporations that benefited from tax cuts enacted last year by President Donald Trump and congressional Republicans are donating to the campaigns of GOP lawmakers who made the windfall possible.A report published Friday by Unrig Our Economy spotlights seven House Republicans who voted for the sprawling and unpopular GOP budget package, which extended tax breaks for corporations and wealthy Americans while inflicting unprecedented cuts on Medicaid and federal nutrition assistance—with disastrous consequences for millions of low-income families across the country.Rep. Mariannette Miller-Meeks (R-Iowa), one of the lawmakers featured in the new report, has received campaign donations from corporate PACs representing 3M, Amazon, Walmart, AT&T, and other companies that collectively received billions of dollars in tax breaks from the Republican law, which restored a provision allowing businesses to immediately write off new investments.Amazon saw its US income taxes fall by more than half last year due to the GOP law, even as the company’s profits grew. Unrig Our Economy noted that Amazon, whose PAC donated thousands to the Republicans spotlighted in the new report, has an effective federal tax rate of 1.37% following enactment of the budget law.Miller-Meeks, who has received at least $57,000 in donations from the PACs of companies that benefited from the 2025 law, issued a statement Thursday bragging about supporting “the largest tax cuts in American history,” not mentioning that the benefits will disproportionately flow to profitable corporations and the richest people in the country.“Thanks to the Republican tax law, corporations are receiving tax breaks, House Republicans are getting campaign cash, and working families are getting stuck with the bill,” the report states.Another Republican lawmaker featured in the report, Rob Bresnahan of Pennsylvania, received $2,500 in campaign donations from the PAC of FirstEnergy, which reaped $500 million in depreciation deductions thanks to the GOP tax law.“Bresnahan voted to give FirstEnergy hundreds of millions in tax breaks even after the company raised utility prices for his constituents,” Unrig Our Economy’s report observes.The report also points out that Bresnahan “owned stock in every single one” of the companies who contributed PAC money to his campaign following passage of the Republican budget package last summer.“This comes after Bresnahan has already faced scrutiny for dumping stock in Medicaid providers and selling off bonds in Pennsylvania hospitals before voting to slash Medicaid and put rural hospitals at risk,” the report notes.Leor Tal, Unrig Our Economy’s campaign director, said in a statement that “one year ago, House Republicans ripped away healthcare and food assistance from millions of Americans, so that corporations could get massive tax breaks.”“Now, many of those companies are dishing out PAC money to the Republicans listed in this report,” said Tal. “Republicans in Congress sold out many of their own constituents to help corporations get even richer. It’s time that House Republicans step up, do the right thing, and start fighting for working Americans—not giant corporations.”

Far Left

Read →

Trump to speak at Mount Rushmore, one monument he can’t remake

NBC News Politics

8 hours ago

Trump to speak at Mount Rushmore, one monument he can’t remake

No presidential distinction rivals having one’s likeness carved onto Mt. Rushmore — an honor destined to elude Donald Trump, though his allies have pushed for it.

Center Left

Read →

Hegseth reportedly pulled plug on troop cuts in europe

BizPac Review

9 hours ago

Hegseth reportedly pulled plug on troop cuts in europe

Secretary of War Pete Hegseth reportedly pulled the plug on plans to reduce U.S. troop counts in Europe, The Wall Street Journal reported. Hegseth’s plans were cancelled […]

Far Right

Read →

Feds Announce Pipeline Steps, BC Advances Protected Areas

The Tyee | BC's home for today's news, analysis and updates

9 hours ago

Feds Announce Pipeline Steps, BC Advances Protected Areas

Alberta’s path to the coast won’t threaten the northern tanker ban. But the new oil pipeline will land near Vancouver.

Far Left

Read →

Fed Holds Rates Steady, Projects One Rate Cut in 2026 | Balance of Power: Late Edition 03/18/2026 | ParallaxNews.io

Fed Holds Rates Steady, Projects One Rate Cut in 2026 | Balance of Power: Late Edition 03/18/2026

Summary

Related Coverage

Daily Analysis

More Headlines From March 19, 2026

Fed Holds Rates Steady, Projects One Rate Cut in 2026 | Balance of Power: Late Edition 03/18/2026

Compare Perspectives