Opinion

North Carolina needs more savings

With the federal government running massive deficits, inflation still running ahead of the Federal Reserve’s 2% annual target, the administration’s mercurial trade policies generating significant uncertainty, and both business investment and consumer confidence trending in the wrong direction, now would be a good time for states and localities to reexamine their fiscal risk. Here in...

John Hood
News

NC revenue forecast shows $544M surplus amid scheduled tax cuts

On Friday, the North Carolina's Office of State Budget and Management and the General Assembly's Fiscal Research Division released a consensus revenue forecast projecting a $544 million surplus for the current fiscal year, bringing total General Fund revenues to $34.71 billion — 1.6% above initial estimates.

CJ Staff
News

Congressman-elect Tim Moore assigned to House Financial Services Committee

The House Financial Services Committee holds jurisdiction over policies related to the economy, banking systems, housing, insurance, and securities and exchanges. The Committee also has jurisdiction over matters related to monetary policy, international finance, international monetary organizations, and efforts to combat terrorist financing. 

Jeff Moore
News

Interview: Libertarian presidential candidate Chase Oliver

Little more than a week from the presidential election, some North Carolina voters may be interested in third party options that better fit their policy preferences. While independent campaigns from the likes of Robert F. Kennedy Jr., and Cornell West stole headlines with legal fights to get on (or off) the ballot, the largest third party...

Kaitlyn Potts

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News

NC overrides governor’s veto to enact law banning federal digital currency

The North Carolina General Assembly has taken the final steps to approve a bill that bars the federal government from executing a central bank digital currency in the Tar Heel State in the event that the Federal Reserve moves forward with the controversial addition to our monetary system. The Senate reconvened Monday in Raleigh and...

Brianna Kraemer
News

NC House overrides governor’s veto on CBDC bill, Democrats flip stance

One month after supporting legislation restricting the implementation of a central bank digital currency in North Carolina, Democrats voted against overriding the governor’s veto of the bill during a House floor vote on Wednesday. 

Brianna Kraemer
News

NC legislature approves CBDC restrictions with strong majority, bill sent to governor

Both chambers of the North Carolina General Assembly have approved a bill that will bar the federal government from executing a central bank digital currency in the state of North Carolina.  On Wednesday afternoon, the House concurred with the Senate on HB 690 in a 109-4 vote following the Senate’s 39-5 vote on Tuesday. It...

Brianna Kraemer