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Fox News
18 hours ago
- Business
- Fox News
Sen. Rand Paul favors the prospect of abolishing the Federal Reserve
Sen. Rand Paul, R-Ky., explained to Fox News Digital during an interview on Tuesday that he would support abolishing the Federal Reserve System, with the key proviso that the country stop engaging in deficit spending, and instead, run a balanced budget. But the fiscal hawk and son of former U.S. Rep. Ron Paul, a famous Federal Reserve critic, says he does not anticipate that will happen. "I see the opposite," he said, indicating that many in the GOP who previously cared "about deficits under Biden, seem to care less about deficits under Trump." "I frankly think if Congress weren't running deficits you could do without a Fed," he said. Though he added that there would need to be a "clearinghouse" system, indicating that with the Fed out of the picture, the market would need to be allowed to "fill that space" over time. Paul believes that the free market — supply and demand — should dictate interest rates. "Interest rates are a universal price," he explained, opining that they are likely "the most prolific price in all of the economy." The last time the Federal Open Market Committee decided to decrease the target range for the federal funds rate was back in December, and President Donald Trump has been stridently calling for the Fed to move on rate cuts. But Paul compared rate-cut demands to insisting that meat is too expensive, and Trump should lower its price — the senator pointed out that most people would view such a call as "nonsensical" as it pertains to consumer goods, "but for some reason even conservatives sort of lose their mind when it comes to interest rates," he said. The senator noted that he thinks "really what we want is a Federal Reserve that's less involved with manipulating interest rates." Paul, who opined that there is likely "no more powerful and secretive organization in all of government," is pushing a bill to audit the Fed. The proposed legislation, which is also backed by some of Paul's GOP colleagues, calls for the Comptroller General of the U.S. to audit the board of governors of the Federal Reserve System and the Federal Reserve banks. He is also pushing a measure, which has been cosponsored by left-wing Sen. Bernie Sanders, I-Vt., titled the "End the Fed's Big Bank Bailout Act," which includes language stipulating, "No Federal Reserve Bank may pay earnings on balances maintained at a Federal Reserve Bank by or on behalf of a depository institution."


Time of India
2 days ago
- Sport
- Time of India
AUS vs SA: Travis Head, Josh Hazlewood to return; Mitchell Marsh to captain Australia
Travis Head of Australia (Photo by) The Australian men's cricket team has announced its squad ahead of the three-match T20I series against South Africa, starting August 10. Batter Matt Short makes a comeback to the squad, while hard-hitting batter Mitch Owen gets his first chance at ODI selection after being included in both squads following strong performances against the West Indies. Mitchell Marsh will continue his role as stand-in ODI captain as regular skipper Pat Cummins remains unavailable due to upcoming home commitments. Mitchell Starc will also sit out the series. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! Several players have been dropped following the West Indies series, including Sean Abbott, Jake Fraser-McGurk, Tanveer Sangha, Cooper Connolly, and Aaron Hardie. The team continues to focus on preparation for next year's ICC Men's T20 World Cup in India and Sri Lanka. "As we build towards the T20 World Cup the flexibility and depth shown in the West Indies, outside of the obvious results, has been a huge positive," Australia selection chair George Bailey said. "The flexibility within the batting order and ability of bowlers to bowl in different stages of the innings were particularly pleasing to see." "Mitch Owen and Matt Kuhnemann making their respective debuts and the preparation and work done by Nathan Ellis to allow him to play all five matches were highlights. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo "The smaller squad for a home series, along with the return of Travis Head and Josh Hazlewood , see some players not part of the squad for this Top End series, but all remain in the frame moving forward and we feel the entire group embraced every opportunity. "We expect that to continue through this series, and the New Zealand and Indian series later this year, as we balance continued opportunities for players and the preparation for the Test summer." Travis Head and Josh Hazlewood are set to return to the squad for the upcoming home series. The team management aims to maintain a balance between providing opportunities to players and preparing for the Test season. Australia T20I squad: Mitchell Marsh (c), Sean Abbott, Tim David, Ben Dwarshuis, Nathan Ellis, Cameron Green, Josh Hazlewood, Travis Head, Josh Inglis, Matt Kuhnemann, Glenn Maxwell, Mitchell Owen, Matthew Short, Adam Zampa Australia ODI squad: Mitchell Marsh (c), Xavier Bartlett, Alex Carey, Ben Dwarshuis, Nathan Ellis, Cameron Green, Josh Hazlewood, Travis Head, Josh Inglis, Marnus Labuschagne, Lance Morris, Mitchell Owen, Matthew Short, Adam Zampa SA vs AUS Series Fixtures First T20I: August 10, Darwin Second T20I: August 12, Darwin Third T20I: August 16, Cairns First ODI: August 19, Cairns Second ODI: August 22, Mackay Third ODI: August 24, Mackay Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!

News.com.au
2 days ago
- Sport
- News.com.au
Mitch Owen's ODI nod as Jake Fraser-McGurk axed
Australian white-ball captain Mitch Marsh labelled new batting weapon Mitch Owen a 'ripping kid' as he earnt an ODI squad call-up for the Top End series against South Africa, with Jake Fraser-McGurk's single West Indian failure enough for him to be axed. Owen, who made a half-century in his T20 international debut in Jamaica, is in both the ODI and T20 squads for the series and has put himself in the frame for a T20 World Cup spot next year. The ODI retirements of Steve Smith and Glenn Maxwell opened the door for Owen to join the 50-over squad, with Test discard Marnus Labuschagne also earning an international recall and Travis Head is back after skipping the T20s in the West Indies. Both Test captain Pat Cummins and 100-Test quick Mitchell Starc won't play as they save themselves for the Ashes, but Josh Hazlewood has been included in both squads. Cameron Green, named man of the series in Australia's history-making 5-0 T20 sweep of the Windies, will also play both the ODIs and T20s as he continues to build batting form after a significant period sidelined following career-saving back surgery. 'As we build towards the T20 World Cup, the flexibility and depth shown in the West Indies, outside of the obvious results, has been a huge positive,' Australian selection chief George Bailey said. 'The flexibility within the batting order and ability of bowlers to bowl in different stages of the innings were particularly pleasing to see. 'Mitch Owen and Matt Kuhnemann making their respective debuts and the preparation and work done by Nathan Ellis to allow him to play all five matches were highlights.' Australia has 14 more matches over the next six months to prepare for next year's T20 World Cup in India, starting with the three against South Africa next month. But Fraser-McGurk faces a battle to regain his spot, axed again making just two runs opening the batting in the first T20 in the West Indies after a surprise recall given his struggles in the IPL and Major League cricket T20 tournaments. Marsh, said the emergence of players in the West Indies added depth to the squad at the right time and lauded Owen for his debut series performance. 'I thought Mitch was fantastic,' Marsh said. 'He's a ripping kid, took on the challenge, didn't seem overawed by the occasion of playing international cricket and seems like a pretty calm figure. 'And as for Cam, I think the biggest thing for me is just him enjoying his cricket, played with a big smile on his face this series and he was awesome, played some really critical roles for us with the bat and was awesome in the field.' Australian T20 squad: Mitchell Marsh (capt), Sean Abbott, Tim David, Ben Dwarshuis, Nathan Ellis, Cameron Green, Josh Hazlewood, Travis Head, Josh Inglis, Matt Kuhnemann, Glenn Maxwell, Mitchell Owen, Matthew Short, Adam Zampa Australian ODI squad: Mitchell Marsh (capt), Xavier Bartlett, Alex Carey, Ben Dwarshuis, Nathan Ellis, Cameron Green, Josh Hazlewood, Travis Head, Josh Inglis, Marnus Labuschagne, Lance Morris, Mitchell Owen, Matthew Short, Adam Zampa.


GMA Network
02-07-2025
- Politics
- GMA Network
Bato refiles death penalty bill vs drug traffickers
Senator Ronald "Bato" Dela Rosa on Wednesday refiled in the 20th Congress a measure that seeks to restore the death penalty for large-scale drug traffickers. The bill on capital punishment for large-scale illegal drug trafficking, which Dela Rosa has been pushing since 2019, topped the lawmaker's 10 priority legislative measures for the incoming 20th Congress. Dela Rosa served as chief of the Philippine National Police (PNP) during the Duterte administration and was the lead implementer of the war on drugs. Former President Rodrigo Duterte is now detained at The Hague, Netherlands over charges of crimes against humanity for the extrajudicial killings during the drug war. Also included in Dela Rosa's priority bills were the Reserve Officers' Training Corps (ROTC) Act, Amendment to Party-list System Act, End Local Communist Armed Conflict (ELCAC) Act, and Anti-Drug Abuse Council Act. Healthcare Senator JV Ejercito also filed his 10 priority bills on Wednesday, including a proposed P74.4-billion Supplemental Appropriations for PhilHealth to strengthen the country's health insurance system and uphold the mandate of the Universal Health Care (UHC) Law. Ejercito, principal sponsor of the UHC Act, underscored the importance of the supplemental budget amid the rising medical costs. He also filed a measure seeking to suspend excise taxes on regular gasoline, unleaded premium gasoline and diesel; and a separate bill on the P250 Daily Minimum Wage Increase Act and Motorcycle Taxi Act, among others. Meanwhile, included in Senator Imee Marcos' priority bills were the National Minimum Wage Act, Budget Modernization Act, Assistance to Individuals in Crisis Situation (AICS) Act, and the National Tax Allotment Act. Senators started filing their priority legislative measures for the 20th Congress on Monday, June 30. The new Congress is set to convene its first session day on July 28. — VDV, GMA Integrated News


Scottish Sun
28-06-2025
- Entertainment
- Scottish Sun
X Factor star splits from her husband of eight years as she moves on with new boyfriend
ALL OVER X Factor star splits from her husband of eight years as she moves on with new boyfriend Former X Factor star Lucie Jones has split from her husband of eight-years Ethan Boroian, who she first met when they both auditioned for the show in 2009. The singer-turned-West End star, 34, is quietly going through a divorce, as she has unfollowed her husband on social media. Advertisement 6 X Factor sweethearts Ethan Boroian and Lucie Jones, pictured in 2022, have split Credit: Getty 6 Lucie has moved on with a new boyfriend and has unfollowed Ethan on Instagram Credit: Getty 6 Lucie appeared on The X Factor in 2009 Credit: TalkBack Thames 6 She performed on stage last night Credit: Instagram It comes as she is performing show tunes at Glastonbury festival this weekend in The Astrolabe tent. The pair's countryside Welsh wedding appeared in Hello magazine in a glossy photoshoot. A source said: "Lucie and Ethan grew apart and realised they were young when they married. "She has been busy focusing on pursuing her career on the West End stage and travelling the globe, they're moving on with their lives. Advertisement "Lucie's in a really good place and has already moved on and met someone else and has loved performing at Glastonbury. "Ethan is no longer in showbusiness and their lives were headed in different directions." Ethan has a high-flying job working for champagne company Moet Hennessy. Lucie, who previously represented the UK in Eurovision, gushed about Ethan on their big day. Advertisement She said: "Ethan is everything I could ever have wanted in a man. I count my lucky stars I found him every single day. "As soon as I saw Ethan, looking so dashing in his blue wedding suit, I started to well up. Top 10 Funniest X-Factor moments "Then the male voice choir started to sing our song, God Only Knows, by The Beach Boys, and an overwhelming feeling of intense emotion came over me. "Suddenly, every precious memory of our time together came flooding back and I couldn't stop the tears. I felt so elated and knew that marrying him was the best thing I would ever do." Advertisement Chicago-born Ethan added: "It was incredible seeing her in her wedding dress for the first time. I couldn't take my eyes off her." The pair reconnected after first meeting at boot camp during the filming of The X Factor 15 years ago, after which Lucie made it into the final 12 finalists. They stayed in touch when Ethan moved back to his native Chicago before going out on their first date five years later. Lucie's spokesperson declined to comment. Advertisement 6 Lucie at Glastonbury Credit: Instagram