Saturday, December 20, 2025

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Federal Reserve Holds Rates Steady, But Could Cut Them Later This Year

(Brett Rowland, The Center Square) Federal Reserve officials agreed to hold interest rates steady on Wednesday but suggested they could cut them later this year. "Despite elevated uncertainty, the economy is in a solid position," Federal Reserve Chairman Jerome Powell said. Earlier in the day, President Donald Trump again called Powell...

LA’s $20M Protest Response Illustrates Officer Shortage Cost

(Kenneth Schrupp, The Center Square) Los Angeles’ $19.7 million response to the June protests and riots was almost entirely spent on police, highlighting the growing cost of police overtime amid an enduring officer shortage. According to a new report from government transparency group Open The Books, the city of Los...

SpaceX Rocket Being Tested in Texas Explodes, but No Injuries Reported

(Headline USA) A SpaceX rocket being tested in Texas exploded Wednesday night, sending a dramatic fireball high into the sky. The company said the Starship “experienced a major anomaly” at about 11 p.m. while on the test stand preparing for the tenth flight test at Starbase, SpaceX’s launch site at the...

Longtime DEA Informant Charged in Alleged Scheme to Extort High-Level Cocaine Traffickers

(Headline USA) A drug informant who helped the U.S. Drug Enforcement Administration build some of its biggest cases has been arrested and charged with scheming to extort major cocaine traffickers facing extradition from Colombia and the Dominican Republic. Jorge Hernández, 57, was charged in a criminal complaint unsealed Wednesday with one...

President Trump Told Netanyahu To ‘Keep Going’ in Iran

(Dave DeCamp, Antiwar.com) President Trump said on Wednesday that he told Israeli Prime Minister Benjamin Netanyahu in a phone call a day earlier to “keep going” with his attacks on Iran. The president told reporters that Netanyahu, who is wanted by the International Criminal Court for his role in war crimes...

Report: Trump Privately Approved Plans To Attack Iran But Has Withheld Final Order

(Dave DeCamp, Antiwar.com) The Wall Street Journal reported on Wednesday that President Trump has told his top officials that he approved plans to attack Iran but is holding off on giving the final order for now. Sources told the Journal that Trump was waiting to see if Iran would agree to...

Fed Holds Rates Steady as Stagflation Worries Mount

(Mike Maharrey, Money Metals News Service) Powell & Company at the Federal Reserve sees an elevated stagflation threat. In response, they decided to do nothing. The Fed held interest rates steady between 4.25 and 4.5 percent. Rates have remained at that level since last December. The official FOMC statement was little changed from...

Platinum Surges Past Another Hurdle in Relentless Rally

(Jesse Colombo, Money Metals News Service) After yesterday's 4.49% surge, platinum has broken through the key $1,200 to $1,300 resistance zone that had been a major hurdle—an encouraging bullish signal. Last week, I published a detailed report on the bullish case for platinum—even though my usual focus is on gold and silver....

Central Banks Double Down on Gold as Dollar Demand Weakens

(Money Metals News Service) This week’s Money Metals Midweek Memo podcast, hosted by Mike Maharrey, delivers a sharp and timely analysis of the accelerating global pivot away from the U.S. dollar and the growing strategic importance of gold. Maharrey ties together current events, economic indicators, and monetary trends to highlight how central...

DNC Flat Broke, Considering Loans to Stay Afloat

(Luis Cornelio, Headline USA) The Democratic National Committee may soon find itself in the red and forced to take out loans just to keep operations running after its disastrous 2024 performance and internal fights over how to counter President Donald Trump’s second-term agenda.  The DNC’s financial woes were reported Wednesday by...

DOJ Argues against Judicial Review of National Guard Decision

(Dave Mason, The Center Square) A federal judge was wrong to second-guess President Donald Trump’s federalization of the California National Guard, attorney Brett Schumate argued Tuesday before the U.S. Court of Appeals for the 9th Circuit. Schumate, an assistant attorney general, made the argument during an appeal of last week’s U.S....

CBO: GOP Budget Would Boost Deficit by Trillions When Considering Growth

(Caroline Boda, The Center Square) Republican’s massive tax and spending bill would increase the U.S. deficit by $2.8 trillion over 10 years when the economic growth of the bill is taken into account, the Congressional Budget Office says. CBO previously projected that the budget reconciliation bill would increase the deficit...
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