TopNewsOn

Results for “jim jordan”

Republicans elect Jim Jordan as House minority leader after midterm defeats

As Democrats prepare to take control of Congress, Republicans pick Jordan for last two years of Trump’s presidency Republican lawmakers have elected Jim Jordan, veteran congressman and Trump loyalist, as their leader in the House of Representatives following resounding losses in last week’s US midterm elections. As Democrats prepare to take control of both chambers of US Congress in January, Republicans backed Jordan to lead them in the House for the last two years of Donald Trump’s presidency. Continue reading...

The Guardian · 2h ago
Mortgage holders’ confidence crashes to lowest level since 1994 as year that ‘feels like a recession’ looms

Westpac survey results signal growing sense of ‘helplessness’ as Jim Chalmers faces growing pressure to rein in government spending Confidence among mortgaged households has crashed to its lowest level in more than three decades amid a growing sense of “helplessness” about the economy, even as a dramatic shift in financial markets suggests there is now a strong chance of a Reserve Bank rate cut by this time next year. The latest Westpac survey showed its consumer sentiment index sinking again in November to reach a four-year low, amid deepening pessimism about the near-term prospects for the economy . Continue reading...

The Guardian · 17h ago
There’s more than a whiff of politics to the sudden call to slash Labor’s green energy subsidies

EVs and home batteries are in Treasury crosshairs despite a better economic case for scaling back nuclear-powered submarines and diesel fuel rebates for miners Get our breaking news email , free app or daily news podcast As Jim Chalmers, the treasurer, comes under increasing pressure to fight inflation by slashing spending in the mid-year budget update, the drumbeat is loudest for cuts in one specific area: green energy subsidies for households. Receiving the most focus is the cheaper home batteries program , which from July last year has offered a taxpayer-backed 30% rebate to households and businesses. Continue reading...

The Guardian · Nov 9
Stop undermining Jim Chalmers, environment minister urges Labor colleagues

‘It’s pretty obvious that there are all sorts of people making all sorts of comments,’ Murray Watt says after budget savings meeting Get our breaking news email , free app or daily news podcast The environment minister, Murray Watt , has urged ministers to stop undermining the treasurer, Jim Chalmers, as Labor struggles to sell its budget and looks to cut popular clean energy subsidies to help with the fight against inflation. Cabinet ministers met again on Monday to discuss potential budget savings to be included in next month’s mid-year update, part of efforts to reducing spending to ease pressure on the economy. Continue reading...

The Guardian · Nov 9
Yemen's humanitarian crisis worsens

One month into the Yemeni government's offensive against the Iran-aligned Houthis, fighting continues to escalate along the Red Sea coast. Meanwhile, the humanitarian crisis is worsening, with hundreds of thousands of people displaced and the country facing the threat of catastrophe. Rula Amin, Senior Communications Advisor and spokesperson at UNHCR at Amman, in Jordan, shares further details.

France 24 · Nov 8