Jim Geraghty of National Review and Greg Corombos of Radio America welcome the news that outspoken liberal Rep. Keith Ellison is leaving the House of Representatives to run for statewide office in Minnesota, a venture they sincerely hope ends in failure. They also lament that Medicare and Social Security are getting closer to insolvency and neither lawmakers nor most Americans seem all that concerned about it. They also highlight yet another lie perpetrated by the Obama administration in getting the Iran nuclear deal done, this time allowing Iran access to U.S. banks while adamantly telling lawmakers it would not do so.
On Wednesday, the Federal Reserve cut interest rates by half a percentage point. The move was made in concert with similar moves at national banks in several other countries. So what did this accomplish? Who is expected to benefit the most? What else can we expect from the Fed? And is this great time or a dangerous time to buy a home? We ask David John, Senior Research Fellow at the Heritage Foundation.