The Daily

Democrats are warning that Social Security and other federal benefit programs could face “drastic cuts” amid renewed efforts by Republicans to impose sweeping budget constraints.

After the defeat of the Balanced Budget Amendment, Representative John B. Larson (CT-01) said it would have forced automatic reductions to key programs.

“In a rare moment of honesty,

 » Read more about: Social Security Warning Issued Over Push for ‘Drastic Cuts’  »

Wall Street’s main indexes opened lower on Thursday as crude prices soared on intensifying Middle East ‌hostilities, reviving ⁠inflation ⁠worries that have prompted the Federal Reserve to take a more cautious stance on interest rate cuts.

The rate-sensitive ⁠small-caps Russell ‌2000 index dropped 10% from its ⁠all-time intraday high.

The Dow Jones Industrial Average fell 90.3 points,

 » Read more about: US Stock Market Today | Dow Jones | Nasdaq Live: US stock futures dip as soaring oil prices, Fed outlook spook investors  »

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 » Read more about: NASDAQ Index, Dow Jones 30 and S&P 500 Forecasts – US Indices Looking for Floor on Thursday  »

US Stock Markets Live Updates: US stock futures edged lower after the Dow hit a 2026 low on Wednesday, as rising oil prices and inflation concerns tied to the West Asia conflict kept sentiment cautious.

 » Read more about: US Stock Markets Live Updates: Futures slip as oil spikes after Dow hit fresh 2026 low  »

Ironman is the alias of the blogger at Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics. We should acknowledge that Ironman is either formerly or currently, and quite possibly, simultaneously employed as some kind of engineer, researcher, analyst,

 » Read more about: A Sampling Of Dividend Decreases In February 2026  »

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States and is rated A+ by both A.M. Best and Standard & Poor’s. Nationwide provides a full range of insurance and financial services products including life insurance, public and private sector retirement plans,

 » Read more about: Nationwide Investor Destinations Funds Q4 2025 Commentary  »

 » Read more about: Rising oil prices could hit US economy harder than expected, warns Trump ally  »

 » Read more about: Evolve Announces March 2026 Distributions for UltraYield ETFs and Certain Evolve Funds  »

 » Read more about: The S&P 500 Is Down But These 3 Tech ETFs Are Proving the Bull Case Isn’t Dead  »

“The most exciting ‘Hold’ in history,” declared the journalist sitting next to me. Indeed.

The Monetary Policy Committee at the Bank of England has voted unanimously to keep interest rates at 3.75% – warning that the war in the Gulf is putting upward pressure on prices across the UK.

Not so long ago,

 » Read more about: Bank keeps interest rates on hold and warns the war will push up inflation  »