US Federal Reserve Signals 3 Interest Rate Hikes in 2022
Policymakers at the U.S. central bank, the Federal Reserve, moved aggressively Wednesday to fight raging inflation in consumer prices for American shoppers and businesses.
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Senate Democrat derails final passage of ban on China imports made with Uyghur forced labor
A Democratic senator on Wednesday blocked the final passage of a bipartisan bill to crack down on imports from China’s Xinjiang region, where Beijing is accused of using forced labor.
‘Build Back’ Bill Adds 87,000 IRS Agents, Cuts Money for Hospitals in Red States: ‘It’s Mean-Spirited’
President Joe Biden’s “Build Back Better” plan, which is currently stalled in the U.S. Senate, has drawn even more questions about controversial items in the proposed $2 trillion bill.
US Navy fires laser weapon in Mideast amid drone boat threat
The Navy announced Wednesday it tested a laser weapon and destroyed a floating target in the Mideast, a system that could be used to counter bomb-laden drone boats deployed by Yemen’s Houthi rebels in the Red Sea.
US Senate Passes $770 Billion Defense Bill, Biden’s Signature Next
The U.S. Senate voted overwhelmingly on Wednesday for a version of the National Defense Authorization Act, or NDAA, that authorizes $770 billion in defense spending — $25 billion more than requested by President Joe Biden —sending the measure to the White House for the president’s signature.
US Supreme Court Forces Christian Doctors To Take COVID Vaccines
Christian doctors and others refusing COVID-19 jabs are weighing their options after the U.S. Supreme Court declined to halt New York’s vaccination obligation for health care workers.
Virginia hospital found in contempt of court for denying patient prescribed round of Ivermectin
A Virginia court on Monday found a hospital in the state in contempt of court for failing to comply with previous orders to provide prescribed Ivermectin to a COVID-19 patient.
As Army hits mandate deadline, services ponder next moves
The Pentagon reached a tipping point Wednesday as the deadline for soldiers in the U.S. Army, the largest military service, passed to get the COVID-19 vaccination. Troops who refuse the mandatory shots or aren’t in the process of receiving an accepted exemption will find themselves in an administrative limbo until they’re out of the military.
Senate Democrats pass debt-ceiling hike of $2.5 trillion just in time to avoid catastrophe — and without any Republicans
The Senate voted to raise the debt ceiling on Tuesday, advancing a crucial measure just before the US government risks defaulting on debt it has already incurred.
Home prices at 45-year high, pricing many buyers out of the market
Home prices are at a 45-year high, pricing many buyers out of an historic seller’s market, new data published by CoreLogic show.
Bill that Biden says pays for itself actually adds $3 trillion to deficit, CBO warns
President Joe Biden’s sweeping spending bill, the Build Back Better Act, would add $3 trillion to deficits over 10 years if made permanent, according to a new Congressional Budget Office cost analysis.
$565,135,000,000: Federal Tax Collections Set Record Through November
The federal government collected a record $565,135,000,000 in total taxes through the first two months of fiscal 2022 (October and November), according to the Monthly Treasury Statement.
Powerful tornadoes kill more than 80 as storms rip across six US states
Dozens of devastating tornadoes roared through six US states overnight, leaving more than 80 people dead and dozens missing Saturday in what President Joe Biden said was likely to be “one of the largest” storm outbreaks in American history.
Four states enlist National Guard to help battle health care staffing crisis
Four states – Indiana, Maine, New Hampshire and New York – are deploying the National Guard to battle the COVID-19 healthcare staffing shortage.
Biden to meet Manchin to persuade him on $1.9 trillion social spending bill
President Biden will meet with West Virginia Sen. Joe Manchin next week to talk him into supporting the administration’s $1.9 trillion social spending bill.
US Preacher Graham Praying As Tornadoes Kill Scores Of People
American evangelist Franklin Graham urged prayers for residents in Kentucky, Arkansas, Illinois, Tennessee, Mississippi, and Missouri, where scores died in the worst tornadoes in years.
Tornadoes Kill Dozens In US
The worst swarm of tornadoes in years devastated Kentucky and five other U.S. states, killing at least scores of people and leaving a trail of destruction, authorities said.
US Supreme Court Keeps Texas Abortion Law But Clinics Can Sue
The U.S. Supreme Court has ruled that Texas’s ban on most abortions after six weeks can stay in place, but abortion providers may sue to stop the state’s law.
US Inflation Highest In Nearly 40 Years
Under U.S. President Joe Biden’s watch, prices spiked a whopping 6.8 percent in November, compared with the same time last year, the fastest increase of inflation this nation saw in 39 years, the Federal Reserve revealed.
18 school board groups cut ties with NSBA for likening parent protests to ‘domestic terrorism’
The fallout over a letter from the National School Boards Association comparing parent protests and threats to domestic terrorism continues as 18 state affiliates have announced intentions to cut ties with the national education organization, according to a watchdog group.