News Updates
Biden signs $1.2 trillion government funding bill
On Saturday, President Joe Biden signed a $1.2 trillion spending package, funding multiple government agencies through the end of the fiscal year. The measure, which is the second of two
New York appeals court lowers Trump’s civil fraud bond to $175 million
Donald Trump saw a massive win earlier today. State authorities were threatening to seize the former president’s assets as early as today if he couldn’t pay the nearly half a
Conservatives refresh nation’s memory on Biden’s Afghanistan debacle
The average American’s taste for news is a fickle thing. The new quickly becomes old and memories are soon wiped with replacement stories. From a political standpoint, harping far too
US weekly jobless claims stay low despite high-profile layoff announcements
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
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
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
Faith and politics: Trio of events in nation’s capital underscore religious divide
Evangelical leaders, rabbis, lawmakers, and intercessors from diverse nations gathered in Washington, D.C., on Wednesday for the National Gathering for Prayer and Repentance. The sold-out event, which was held at the Museum of the Bible, was conceived by Tony Perkins, founder of the Family Research Council, and Dr. Jim Garlow,
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
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
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
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
Wall St Week Ahead Fed, earnings and economic data to test U.S. stocks at record highs
The U.S. stock market’s strong start to the year faces a major test next week in a stretch packed with big tech earnings, the Federal Reserve’s monetary policy meeting and the closely-watched employment report. The S&P 500 is up nearly 3% since the end of December and stands at record
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