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5 Minutes at the Top of the Hour

Latest news stories from around the world brought to you at the top of the hour

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UK Treasury chief: Tax cuts must wait for inflation to fall

Fri, Jan 27, 2023 at 11:44 am

( ) -q-25- UNDATED (Correspondent Jeremy House) “since the 1980s.”

Britain’s Treasury chief says taming inflation is more important than cutting taxes.

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TAG: Correspondent Jeremy House reporting. At a speech Friday in London, Hunt said “the best tax cut right now is a cut in inflation.” Hunt said he wanted Britain to be a low-tax economy but “with volatile markets and high inflation, sound money must come first.”

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VERBATIM: Jeremy Hunt is resisting calls from some in the governing Conservative Party for immediate tax breaks for businesses and voters. The U.K.’s annual inflation rate hit a four-decade high of 11.1% in October, fueling a cost-of-living crisis and a wave of strikes. It has since eased but still reached a painful 10.5% in December and is the highest since the 1980s.

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Greg Clugston SRN News White House correspondent

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Biden, McCarthy on opposite ends of debt ceiling debate

Sun, Jan 29, 2023 at 7:06 am
President Biden and House Speaker McCarthy are polar opposites when it comes to the debt ceiling debate. The White House says the president’s view on raising the debt limit is clear – no conditions. But Speaker McCarthy is eager to push Mr. Biden to the negotiating table. He wants to pare federal spending back to fiscal 2022 levels, and says it’s “irresponsible” for the president to raise the debt ceiling without conditions. By raising the limit, Congress would be paying debts already incurred, not authorizing new spending.
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Bob Agnew SRN News U.S. Senate correspondent

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Sales, Inflation Rate Indicate Rate Hikes Slowing Economy

Fri, Jan 27, 2023 at 11:33 am

It’s the latest evidence that the Fed’s series of interest rate hikes is slowing the economy. Prices rose 5% last month compared to the previous year, DOWN from the 5.5% year-over-year increase seen in November. It was the third straight drop.

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Bernie Bennett SRN News U.S. House correspondent

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Former President Trump Kicks Off Campaign Events

Sat, Jan 28, 2023 at 10:16 pm

The former President is kicking off his 2024 campaign with two stops along the East Coast. More from Correspondent Bernie Bennett.

Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.

Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.

Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.

Bernie Bennett reporting.

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Michael Harrington SRN News religion desk editor

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Indictments handed up in attacks on pro-life pregnancy centers

Fri, Jan 27, 2023 at 9:38 am

Indictments have been handed up in attacks on pro-life pregnancy centers

VERBATIM: A federal grand jury has charged two Florida men with vandalizing pro-life facilities in Winter Haven, Hollywood and Hialeah. Marjorie Dannenfelser of Susan B. Anthony Pro-Life America says it’s about time, adding “Since the leak of the Dobbs decision eight months ago, there have been at least 79 attacks — including firebombings and threats of violence — on pregnancy centers and other nonprofits working to save lives.” She credits GOP lawmakers for pressuring the Department of Justice. Michael Harrington, SRN News.

 

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Business

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WALL STREET BUSINESS REPORT 1-27

Fri, Jan 27, 2023 at 5:41 am

WALL STREET BUSINESS REPORT 1-27

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Sports

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AM SPORTSCAST 1-27

Fri, Jan 27, 2023 at 5:39 am

AM SPORTSCAST 1-27

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Editorial Cartoons

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Gary Varvel
Mon, Jan 16, 2023

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