US slightly revises up its GDP estimate for Q2 to 6.7%

The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the delta variant.

NY Christian adoption agency files federal suit claiming harassment by state

A privately funded New York Christian adoption agency has filed a federal lawsuit alleging that the New York State Division of Human Rights violated the agency’s constitutional rights by opening an unwarranted investigation triggered by a complaint about the agency’s policy on same-sex marriage, Christian Headlines (CH) reports.

Panel OKs Dems’ $3.5T bill, crunch time for Biden agenda

Democrats pushed a $3.5 trillion, 10-year bill strengthening social safety net and climate programs through the House Budget Committee on Saturday, but one Democrat voted “no,” illustrating the challenges party leaders face in winning the near unanimity they’ll need to push the sprawling package through Congress. The Democratic-dominated panel, meeting virtually, approved the measure on a near party-line vote, 20-17. The passage marked a necessary but minor checking of a procedural box for Democrats by edging it a step closer to debate by the full House. Under budget rules, the committee wasn’t allowed to significantly amend the 2,465-page measure, the product of 13 other House committees.

Report: Biden Spending Bill Will Lead to Loss of 5.3M Jobs, $3.7T in Debt

President Joe Biden’s massive spending bill will lead to 5.3 million job losses and $3.7 trillion in additional debt over the next 10 years, according to study published Monday by the Texas Public Policy Foundation titled, “Reversing the Recovery: Pelosi’s Plan to Raise Taxes, Kill Jobs, and Punish the Middle Class.”

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