U.S. Stocks Plunge Over Coronavirus and Economic Concerns
U.S. President Donald Trump pledged a strong, swift economic recovery and coronavirus vaccine after the U.S. market had its worst finish in three months.
US News
Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020
The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end.
Federal Reserve sees interest rate target near zero through 2022
The Federal Reserve on Wednesday announced that it will keep its interest rate target near zero.
Republican Senators Working on Police Reform Bill
US Senate Republicans announced on Tuesday that they are working on a bill to address police reform and racial injustice, Reuters reported. The move came after Congressional Democrats put forward police reform legislation on Monday.
Barr says FBI was ‘spring-loaded’ to investigate Trump campaign, ignored ‘exculpatory evidence’
In an exclusive interview with Fox News’ Bret Baier, Attorney General Bill Barr faulted the FBI for taking a “very aggressive” approach to investigating suspected Trump campaign ties to Russia and continuing to push forward even when, he says, their evidence was “falling apart.”
Minneapolis Votes to Dismantle Police Department and Find New Approach to Public Safety
A majority of Minneapolis City Council members voted Sunday to dismantle the city’s police department and replace it with a new model of public safety, the New York Times (NYT) reported. The move follows activists’ calls to “defund police” after the violent death of George Floyd at the hands of Minneapolis law enforcement officers two weeks ago. As Republicans have expectedly described such calls as “appalling” and “outlandish,” Congressional Democrats have also distanced themselves from the calls, focussing instead on bringing a new bill addressing police reform.
President Trump Condemns Democrats For ‘Defunding’ Police In New Package
U.S. President Donald Trump has condemned alleged plans by Democrats to dismantle and defund the police at a time when the nation faces riots following the death of George Floyd, the unarmed black man who died in police custody.
U.S. Supreme Court Forcing Christians To Hire Transgenders?
The U.S. Supreme Court will effectively decide whether Christian and conservative employers can be forced to hire transgender people and gays. Its case centers around a late funeral director who, in 2013, lost her job after telling her boss she would transition from male to female.
WH: Trump ‘Appalled’ by Democrats’ Call to Defund the Police
Efforts by Democrats to dismantle and defund the police department represents a “rolling back” of the “protective layers that protect Americans in their homes and places of business,” White House Press Secretary Kayleigh McEnany said on Monday.
Economy entered recession in February, economists say
The National Bureau of Economic Research announced Monday that a recession began in February of this year, marking the end of the longest period of economic growth in history.
Federal Budget Deficit Nears $2 Trillion For Fiscal Year
Uncle Sam has added $1.2 trillion to the budget deficit over the last two months, according to the latest numbers Monday that detail how the government has used cash to try to combat the coronavirus pandemic and its economic catastrophe.
Protesters Again Gather Near White House Demanding Racial Justice, Police Reform
Hundreds of peaceful protesters gathered near the White House on a sunny Sunday in Washington, the start of a 10th day of demonstrations against racism and police brutality that were spawned by the death of a black man in police custody.
Tropical Storm Cristobal lashes southeast Louisiana; president declares federal disaster
Heavy rains and high winds lashed the Gulf Coast Sunday afternoon as Tropical Storm Cristobal neared land.
Most Americans Say Things ‘Out Out of Control’ Poll Claims
Two significant media companies claim their survey suggests that eight out of 10 American voters believe things in the United States “are out of control.” The NBC News/Wall Street Journal opinion poll, released Sunday, came amid sometimes violent protests over perceived racist police abuse and concerns over the coronavirus pandemic.
President Trump: ‘American Comeback’ As Jobless Rate Drops To 13.3%
The U.S. stock market surged to near-record highs after unemployment dropped unexpectedly in May to 13.3 percent prompting President Donald Trump to cheer as he seeks re-election this year.
Op-Ed: After More Than 2,000 Minutes of Coverage…Russiagate Conveniently Vanishes
Former Deputy Attorney General Rod Rosenstein was at the red-hot center of the Robert Mueller probe into the phantom menace of Donald Trump’s collusion with the Russians. He testified before the Senate Judiciary Committee on June 3.
Unemployment rate dropped to 13.3% as economy gained 2.5M jobs in May
The economy gained 2.5 million jobs in May, lowering the unemployment rate to 13.3%, the Labor Department said Friday.
U.S. Attorney General Says “Foreign Actors” and Antifa Stoking Unrest
United States Attorney General Bill Barr says the federal government has evidence that “foreign actors” and “extremist agitators” tied to the radical left-wing Antifa movement exploit legitimate protests against the killing of a black man by U.S. police.
Rosenstein: ‘Would Not’ Have Signed FISA Application If He Knew Then What He Knows Now
Democrats complained Wednesday that the Senate Judiciary Committee’s hearing featuring former Deputy Attorney General Rod Rosenstein was a distraction from the dual crises confronting the nation.
Retired African American Police Captain Killed While Checking on a Friend’s Shop During Riots
Amid nationwide waves of extreme violence and looting that erupted following the May 25 police killing of George Floyd in Minneapolis, 77-year-old retired African American Police Captain David Dorn was fatally shot while checking on Lee’s Pawn Shop and Jewelry, a business that belonged to a friend of his, CBN reported. No arrests have been made.