A short-term spending plan is being negotiated between Republican leadership and conservatives as the House moves quickly toward a government shutdown. The short-term spending plan
Former President Donald Trump announced that he will skip the second Republican presidential primary debate next week and instead, will hold a rally with striking
Nearly 13,000 United Auto Workers (UAW) members have begun a strike from the the top three U.S. automakers — Ford, General Motors, and Stellantis, maker
Christian and conservative organizations are increasingly being ‘de-banked’ by weaponized financial institutions. These institutions have closed accounts, turned off payment processors, and even placed some
Members of the House Select Committee on the Chinese Communist Party are looking into whether the Biden Administration is actively supporting Chinese companies to expand
On August 31 the White House asked Congress to approve a short-term funding measure to avert a government shutdown before money runs out at the
According to the latest ADP National Employment Report released Wednesday, U.S. companies added 177,000 jobs in July, down from the estimated 195,000. Another report released
The Bureau of Ocean Energy Management (BOEM) has removed 6.4 million acres from an upcoming oil and gas lease in the Gulf of Mexico. The
U.S. Federal Reserve Chairman Jerome Powell said that another hike in interest rates may be necessary to ensure inflation is contained. Powell also said, “It
According to Moody’s Analytics, Americans are spending $709 more per month on ordinary goods and services compared to two years ago. However, amidst rising costs,
According to Redfin, the typical homebuyer’s monthly mortgage payment is up 19% compared to a year ago. Housing payments remain historically high because mortgage rates
Oil prices have surged to the highest levels in months after Saudi Arabia announced that it would extend its production cuts for another month. Oil prices
On Tuesday Wall Street dropped as financial stocks fell following Moody’s overnight credit rating cuts on several U.S. banks and warned it could also downgrade
On Sunday Yellow trucking company announced it filed for Chapter 11 bankruptcy after receiving over $700 million in COVID-19 program loans from the federal government.
Former Home Depot CEO Bob Nardelli thinks that Biden is overconfident about the health of the U.S. economy saying, “I’ve been at this for 52
According to the minutes from the June Federal Open Market Committee (FOMC) policy meeting, Federal Reserve officials agree that more rate hikes are ahead but
The Teamsters Union said early Wednesday morning that UPS “walked away from the bargaining table” after presenting an “unacceptable offer.” Teamsters General President Sean M.
On Monday U.S. Treasury Secretary Janet Yellen met with China’s ambassador amid the ongoing chip war between the U.S. and China as new restrictions on
The Federal Deposit Insurance Corporation (FDIC) said it mistakenly released an unredacted document showing the biggest Silicon Valley Bank (SVB) customers who were bailed out
The Department of Energy (DOE) approved a $9.2 billion loan for Ford and its battery manufacturing partner to build three electric vehicle battery plants in
O’Keefe Media Group (OMG) released a new exposé on Tuesday in which BlackRock Recruiter Serge Varlay declared, “Ukraine is good for business.” Varlay told the
Executives at U.S. companies have cut their mentions of ESG (environmental, social, and governance) and DEI (diversity, equity, and inclusion) on earnings calls by 31%
The U.S. Labor Department said in its monthly payroll report that 339,000 jobs were added to the U.S. economy in May, beating the forecasted 190,000
The U.S. House of Representatives passed the Fiscal Responsibility Act in a bipartisan vote of 314 to 117 on Wednesday temporarily suspending the nation’s debt
Despite Republican opposition, a bipartisan bill to raise the federal debt ceiling to $31.4 trillion advanced by a narrow margin through the House Rules Committee
Across the board it appears that House Republicans are in support of McCarthy’s proposed debt bill ahead of this week’s expected vote. Reps. Jim Jordan
Treasury Secretary Janet Yellen, in a second letter with an alarmist tone to House Speaker Kevin McCarthy and other congressional leaders, reiterated her confidence
Debt ceiling negotiations are still under way as a possible default inches closer to the estimated deadline of June 1. Biden hopes the debt ceiling
On Friday House Speaker Kevin McCarthy said it’s time to “pause” negotiations on the debt limit; there are “real differences,” said a White House official.
During debt ceiling negotiations on Tuesday, President Joe Biden rejected any changes to the Inflation Reduction Act. The White House is considering a cap on future
After Tuesday’s debt ceiling summit at the White House, President Biden said the meeting was “productive.” He said, “I made it clear during our meeting
President Joe Biden and House Speaker Kevin McCarthy (R-CA) will face off at a 4 p.m. Eastern time (2000 GMT) Oval Office session today on
As Republicans and the White House cannot agree on raising the debt ceiling, talks of invoking the 14th Amendment have been presented. This would allow
Pacific Western Bank confirmed on Thursday that it is reviewing “strategic options” and has been approached by potential investors. California-based PacWest Bancorp holding company, owner
On Wednesday the Federal Reserve, in a unanimous decision, increased interest rates by a quarter of a point putting the benchmark federal funds rate at
On Wednesday Bloomberg reported that PacWest Bancorp is considering a sale or other options. The California-based bank has not begun an official process for auction,
Managing director of the International Monetary Fund (IMF) Kristalina Georgieva warns against a widespread adoption of central bank digital currencies (CBDC) without considering potential risk
White House Press Secretary Karine Jean-Pierre has clarified that President Biden will not negotiate on the debt ceiling during a scheduled May 9 meeting with
On Monday new mortgage rules under the Biden administration went into effect which could increase fees for borrowers with good credit scores to offset costs
President Biden is set to meet with Congressional leaders on May 9 to discuss how the U.S. will avoid running out of money after Treasury
Experts say the acquisition of First Republic Bank by JPMorgan Chase is an indication of increasing consolidation in U.S. banking in which large banks become
Treasury Secretary Janet Yellen has informed Congress that the U.S. could reach its debt limit as soon as June 1 if the debt limit is
J.P. Morgan Chase said on Monday it will buy most of First Republic Bank’s assets after regulators seized the lender over the weekend, the third
The fate of failing First Republic Bank is still unknown and while the The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal
A U.S. Commerce Department report estimates that the U.S. economy has slowed to a crawl at 1.1%. The slowed growth is a result of the
House Speaker Kevin McCarthy (R-CA) and his leadership team made several concessions to secure enough votes to pass the Limit, Save, and Grow Act —
Justin Haskins, director of the Socialism Research Center at The Heartland Institute, describes what he believes is the Biden Administration’s goal of replacing America’s currency
President Joe Biden announced his official bid for the 2024 presidential race in a video posted early Tuesday. He confirmed V.P. Kamala Harris will again
The Internal Revenue Service (IRS) said it would prioritize and ramp-up enforcement in the area of digital asset transactions and listed transactions. In a recently
Job growth in the U.S. private sector added 145,000 jobs in March, much lower than the expected 200,000 and far less than the 261,000 jobs
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