News Updates

News Updates

Federal government overreported 2023 jobs by 1 million

The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to underlying labor market strength despite a recent surge in announced layoffs, mostly in the technology industry. The report from the Labor Department on Thursday also showed unemployment rolls shrinking a bit

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FBI Director warns Chinese hackers are targeting US infrastructure

Chilling words are coming from the FBI. Yesterday, Director Chris Wray warned Congress of the immense threat that Chinese hackers pose to American infrastructure. Wray spoke the same day U.S. officials announced they had disrupted a massive Chinese spying operation. Wray says if left unchecked, China could wreak havoc on

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House passes $78 billion bipartisan tax bill

The House passed a $78 billion bipartisan tax bill aimed at expanding child tax credits and making certain deductions easier for businesses. The bill was praised by Pennsylvania Republican Brian Fitzpatrick. The bill passed overwhelmingly by a margin of 357-70. But its most vocal critics, such as representatives Thomas Massie

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Manchin keeps swirling rumors of possible 2024 run

Democratic Sen. Joe Manchin is saying he can “absolutely” see himself as president, further fueling rumors of a 2024 independent presidential run. He told CNN’s State of the Union that the hypothetical rematch between former President Donald Trump and President Joe Biden is isolating the majority of voters, the bulk

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Republican Govs back Abbott in border battle with Feds

Republicans are rallying behind Texas Gov. Greg Abbott as he continues to fortify the border with razor wire in defiance of the Biden administration. Abbott says he has a constitutional duty to defend his state. Yesterday, 25 Governors released a joint statement expressing support for Abbott. One of them, South

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U.S. economy outpaces expectations in Q4

It looks like the U.S. economy far outpaced expectations in the final quarter of 2023. New Commerce Department data shows GDP grew at a 3.3% annualized rate in the fourth quarter. Wall Street, meanwhile, anticipated a 2% growth. A surge of sustained consumer spending fueled economic growth last year, including

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