Zachary Halaschak
Washington Examiner
Mountain View, CA, United States
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Past articles by Zachary:
Inflation declines to 6% in February in sigh of relief for economy
Inflation slowed to a 6% rate in the year ending in February, the Bureau of Labor Statistics reported Tuesday, a welcome sign as the Federal Reserve prepares to meet for a monetary policy meeting. → Read More
SVB collapse: Bank failures raise odds of 2008-style recession
The collapse of Silicon Valley Bank has led to a surge in signs that a recession is likely. → Read More
SVB collapse: Signs of contagion? Regional banks in distress
Shares of several regional banks plunged on Monday morning, raising fears that the fallout from Silicon Valley Bank’s failure is far from over. → Read More
SVB collapse: Fed's plans for rate hikes fall by the wayside
The debacle with the federal government’s intervention in Silicon Valley Bank’s failure makes it increasingly likely that the Federal Reserve will hold off on raising interest rates next week. → Read More
SVB collapse: Dow opens down more than 300 points amid bank failure fallout
The market is reacting to Silicon Valley Bank's failure on Monday morning, with major indices in the red and shares of several smaller banks collapsing. → Read More
Business economists see recession in 2023 despite recent signs of hope
The United States economy will likely fall into a recession over the next year, according to a new survey of four dozen of the country’s leading business economists. → Read More
Median price for new home sales falls for first time since pandemic
Sales of existing homes have fallen for a 12th straight month, with sales in January down a whopping 36.9% from the year before. The hit to the housing market reflects the Federal Reserve’s efforts to lower inflation by raising interest rates, which has caused mortgage rates to rise and has put home purchases out of reach for many people. → Read More
Inflation rose to 5.4% in January, according to key gauge watched by Fed
Inflation unexpectedly rose to 5.4% annually in January, as measured by the gauge favored by the Federal Reserve. → Read More
Mortgage purchase applications fall to lowest level since 1995
Sales of existing homes have fallen for a 12th straight month, with sales in January down a whopping 36.9% from the year before. The hit to the housing market reflects the Federal Reserve’s efforts to lower inflation by raising interest rates, which has caused mortgage rates to rise and has put home purchases out of reach for many people. → Read More
Mayorkas says lawmakers 'will not force' him out amid impeachment push
Homeland Security Secretary Alejandro Mayorkas said that he has no plans to leave his position even as Republicans on Capitol Hill push for his ouster. → Read More
Dicey inflation news raises odds of drastic move by Fed that could spell recession
A one-two punch of reports of high inflation in January is upping the odds that the economy will crater into a recession as the Federal Reserve appears poised to tighten monetary policy further. → Read More
House Republicans hope to get some tax goals enacted despite divided government
Republicans are back in charge of the House, and while the party lacks the White House and a Senate majority, it will no doubt try to eke out some tax changes despite the divided government. → Read More
Inflation fell to 6% in January in producer price index
Inflation, as measured by producer wholesale prices, slowed to 6% for the year ending in January, according to a report Thursday from the Bureau of Labor Statistics. → Read More
Treasury will run out of room under the debt limit between July and September: CBO
The United States will run out of ways to prevent the government from defaulting sometime this summer, between July and September, the Congressional Budget Office projected Wednesday. → Read More
Federal deficit to rise to $1.4 trillion in fiscal 2023, CBO projects
The federal budget deficit will rise to $1.4 trillion in fiscal 2023, the Congressional Budget Office estimated Wednesday, larger than previously projected and a reversal of the decline in deficits over the past few years as pandemic emergency spending wound down. → Read More
Biden IRS nominee vows no increased audits for those earning under $400K
Danny Werfel, President Joe Biden’s nominee to lead the IRS, said during his confirmation hearing that he will not use boosted funding to increase audits of those earning under $400,000. → Read More
Key group dissents from House GOP bill to make Trump tax cuts permanent
House Republicans lack unanimous support for legislation to extend the Trump tax cuts because a chunk of GOP lawmakers is objecting to a key provision that limits state and local tax deductions. → Read More
Bad news: It looks like inflation is stubborn and the Fed will have to react
Inflation isn't cooling as fast as observers had hoped and may even be rising again, meaning that the Federal Reserve is expected to keep hiking interest rates. → Read More
Inflation fell slightly to 6.4% in January
Annual inflation slowed to 6.4% in January, the Bureau of Labor Statistics reported Tuesday, a sign that the price pressures that have torn through the economy are easing. → Read More
DeSantis expands anti-ESG push in crusade against 'woke' investing
Florida Gov. Ron DeSantis is proposing legislation to prohibit state and local governments from including any environmental, social, or governance considerations in investment decisions. → Read More