Month: April 2025

IMF Predicts Global Growth Slowdown, Increase in U.S. Inflation

Buck Banks

1.8%

The International Monetary Fund yesterday lowered its 2025 growth outlook for the US and the global economy, citing heightened uncertainty and economic disruption caused by President Donald Trump’s sweeping new tariffs. The IMF trimmed the 2025 US growth estimate to 1.8% from 2.7%, the largest reduction among the world’s advanced economies, and cut the global growth forecast to 2.8% from 3.3%. The fund cautioned the trade policy climate and ongoing conflicts between the US and other tariff-hit countries are discouraging investment and spending. US inflation is now predicted to reach 3% this year, one percentage point higher than the IMF’s January projection, while the risk of a US recession has increased to 40%, up from 25% in October.

Ron DeSantis Steals $10 Million from Florida Taxpayers to Fund Casey’s Bogus Charity

Buck Banks

HERNDON/Tampa Bay Times

From a Tampa Bay Times investigative report:

The $10 million that Gov. Ron DeSantis’ administration diverted to a state-created charity last year consisted of Medicaid dollars owed to state and federal taxpayers, contrary to what the governor and other officials have publicly asserted.

Three years ago, lawyers working with the state drew up a settlement agreement that said Florida’s largest Medicaid contractor, Centene, overbilled taxpayers $67,048,611 for medications, according to a copy of a draft agreement obtained by the Times/Herald.

That’s the exact amount DeSantis officials settled on with Centene last year. But instead of returning all $67 million to state and federal coffers, they sent $10 million of it to the Hope Florida Foundation, a charity overseen by first lady Casey DeSantis.

The money was then sent to two nonprofit organizations that aren’t required to report how they spend their funds. Those “dark money” groups later gave $8.5 million to a political committee overseen by DeSantis’ chief of staff in a series of transactions that some Republican lawmakers believe were illegal. How Medicaid is allocated, which pays for health care services for the poor, is highly regulated.

The document contradicts statements by DeSantis and state officials that the $10 million was a charitable contribution by Centene separate from what it owed to the state.

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