News Updates
To avoid shutdown, McCarthy must clear Gaetz-sized hurdle
The threat of a federal government shutdown grows more pressing by the hour as the Oct. 1 deadline Congress faces to pass a spending bill is only 48 hours away.
GOP candidates take stage in chaotic second debate
Seven candidates took the stage last night for the second Republican primary debate. It was a heated and oftentimes chaotic event. Topics ranging from the border to Ukraine. Other hot
U.S. consumer confidence dives to 4-month low
Consumer confidence fell to a four-month low in September amid increased economic anxiety. The Conference Board says its consumer confidence index dropped to 103 this month. That’s the lowest reading
Trump speaks on indictments, abortion to ‘Meet the Press’
Former President Donald Trump is causing quite a stir following his recent appearance on NBC’s “Meet the Press.” His interview with host Kristen Welker touched on many topics, but his response to a question on abortion resulted in strong blowback from the pro-life community. The interview later turned to the
Congressional funding drama escalates
Funding progress in both chambers of Congress is at a standstill with 15 days left until the deadline for a government shutdown. Senate Republicans objected Thursday to another ‘minibus’ bill that would combine three spending measures into one. They want the bills brought to the floor separately so that conservatives
United Auto Workers union goes on historic strike against ‘Big Three’ carmakers
Nearly 13,000 auto workers walked off the assembly lines at midnight Fridy morning after failed negotiations between the union and carmakers. The strike was announced by union president Shawn Fain. The United Auto Workers strike is affecting three plants, General Motors location in Wentzville, Missouri; a Ford factory in Wayne,
House punts DoD funding bill as McCarthy struggles with GOP hardliners
With a government shutdown looming at the end of the month, House Speaker Kevin McCarthy is struggling with party hardliners from the House Freedom Caucus. The Washington Post reports that Wednesday House Republicans failed to move forward with a procedural vote on a Defense Department funding bill – pushing it
‘Couldn’t be clearer,’ Air Force Sec. warns China is preparing for war with U.S.
China is preparing for war with the U.S.; this is according to Air Force Secretary Frank Kendall, who made the comments while speaking at an Air and Space Forces Conference. “Today the intelligence couldn’t be clearer. Whatever its actual intentions may be I could not say, but China is preparing
BlackRock shuts down China Equity fund amid congressional probe
BlackRock will close a China-focused offshore fund, citing a “lack of shareholder interest.” The announcement, made last Friday, came less than a month after congressional lawmakers accused the asset management giant of directing U.S. investments into blacklisted Chinese firms – an accusation BlackRock previously denied. BlackRock Global Funds Chairwoman Denise
U.S. poverty rates jumped in 2022
Amid soaring inflation and post-pandemic recovery, the US Census Bureau reports that the poverty rate in the US increased dramatically last year – the first major increase since 2009. The poverty rate jumped almost 8 percentage points in one year, going from 4.6% in 2021 to 12.4% in 2022. The
US-Mexico border designated as world’s deadliest land migration route
The UN has released shocking data revealing the U.S.-Mexico border as the world’s deadliest land migration route, one upon which hundreds have lost their lives. The International Organization for Migration says in 2022 alone a startling 686 people died or disappeared while making the journey to the U.S. southern border.
What Is The Maximum Social Security Benefit?
We at Financial Issues are often asked this question as it is on so many people’s minds as they near retirement.
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