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Christopher J. Waller, a governor at the Federal Reserve, said he needed to see several months of lower inflation data to feel confident about the outlook.
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Paramount and Warner Bros sued to block $110bn mega merger BBCA Dozen States Sue to Stop Paramount's Takeover of Warner Bros. Discovery GizmodoParamount advisers push for California exit as state sues to block Warner Bros Discovery merger: report Fox Business12 states sue to stop David Ellison's takeover of Warner Bros. The Washington Post
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California is among the states suing to block Paramount from buying Warner Bros. Discovery in a Hollywood mega-merger that would unite some of the nation's largest movie studios and TV newsrooms.
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Paramount Sued By States In Bid to Block $111 Billion Warner Bros. Merger The Hollywood ReporterParamount advisers push for California exit as state sues to block Warner Bros Discovery merger: report Fox BusinessStates sue to block Paramount's Warner Bros. Discovery takeover CNNWhy I'm Suing to Block the Paramount-Warner Bros. Merger (Guest Column) Variety
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Big banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."
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Producer price index rises for fourth straight month as Strait of Hormuz closure roils supply chains
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THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called 'dynamic scoring'. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth would produce more tax revenue. During the hearings, however, came an awkward moment. Alan Greenspan, then in charge of the Federal Reserve, told Congress that macroeconomic models were 'deficient'. That is, their predictive power, though interesting, was not good enough to rely on. Last year, after the election of Donald Trump, your blogger contacted Mr Greenspan to see whether the models were good enough yet. Mr Greenspan, his office responded, had not yet changed his opinion.Neither have Republicans. Over the past two decades, in and out of control of Congress, the party has nudged dynamic scoring successively closer to the official policy process until we arrived, yesterday evening, at as dramatic a moment as macroeconomic analysis ever gets. The Joint Committee on Taxation, the nonpartisan Congressional body responsible for evaluating tax proposals, hurried its study (PDF) out on a Thursday afternoon as the Senate was preparing to approve a tax cut. That cut, ...
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