US housing debt surges to $9.4T, topping record high from 2008
Residential mortgage debt in the U.S. reached a new high in the three months through June, topping a previous record during the height of the financial crisis.
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US Stocks Plunge 3% on Recession Fears
Stock markets in Japan fell Thursday, but not as drastically as the plummets experienced by U.S. markets a day earlier that amplified recession fears.
‘Operation Independence Day’: FBI’s Month-long Sweep Targets Sex Traffickers, Recovers More Than 100 Minors
Dozens of sex traffickers across the country have been arrested as a result of a month-long operation led by the FBI. The investigation has also led to the identification and recovery of more than 100 juveniles.
Federal Spending Sets New Record; Treasury Runs Nearly $900 Billion Deficit
The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October through July), according to the Monthly Treasury Statement released today.
Republican plans to cancel Trump primaries in some states see pushback
As California Democrats try to keep President Trump off the state’s Republican primary ballot next year, Republicans in other states are pondering plans to cancel or modify their own 2020 presidential nominating contests and essentially affirm the party’s support for Mr. Trump before voters head to the polls.
Firearms cases loom before Supreme Court after deadly summer
The U.S. Supreme Court will start its next term after a summer punctuated by mass shootings that left more than two dozen dead, heightening the impact of pending cases that focus on when civilians can carry weapons in public.
U.S. labor market strong; second-quarter GDP growth expected to be revised down
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
White House drafting executive order to tackle Silicon Valley’s alleged anti-conservative bias
The White House is circulating drafts of a proposed executive order that would address allegations of anti-conservative bias by social media companies, according to a White House official and two other people familiar with the matter — a month after President Donald Trump pledged to explore ‘all regulatory and legislative solutions’ on the issue.
Trump explores executive action on guns
President Donald Trump is exploring ways to use regulatory power and executive action to curb gun violence after a pair of deadly shootings over the weekend — a move driven by his aides’ belief that Congress is incapable of coalescing around consensus legislation in a heated 2020 election cycle.
Trump promises action on gun violence after two mass shootings
President Trump said Sunday he will announce steps to stop gun violence, as top Democrats raced to blame him for fomenting two mass shootings this weekend in Texas and Ohio with a toxic stew of violence and white nationalism, and pressed him for quick action on gun control.
Trump Wants All Troops Out Of Afghanistan By 2020 U.S. Election: Reports
U.S. President Donald Trump has told aides that he wants to pull all U.S. troops out of Afghanistan before the presidential election in November 2020, U.S. news agencies are reporting, citing unnamed current and former administration officials.
Trump budget deal passes with 22 Senate GOP defections
Congress sent a two-year budget and debt ceiling deal to President Trump over the objection of 22 Senate Republicans.
The Fed cuts interest rates for the first time since the financial recession
The Federal Reserve Opens a New Window. cut interest rates on Wednesday for the first time since the start of the financial recession more than a decade ago, hoping to preserve the 11-year economic Opens a New Window. expansion from growing global uncertainties and the possibility of an impending slowdown.
Judge dismisses DNC lawsuit against Trump campaign, Russia over election interference
A federal judge in New York on Tuesday dismissed a lawsuit from the Democratic National Committee (DNC) alleging that the Trump campaign, WikiLeaks and the Russian government had conspired to interfere in the 2016 election.
Senate bows to Trump vetoes, allows Saudi arms sales
The Senate failed Monday in a bid to override a trio of vetoes issued by President Donald Trump, allowing the administration to move forward with plans to sell billions of dollars of weapons to Saudi Arabia and the United Arab Emirates.
U.S. economy slows in second quarter; weak business investment a red flag
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
Supreme Court says Trump can spend military funds on border wall
The Supreme Court handed President Trump a major victory by ruling his administration could move ahead with its plan to use $2.5 billion in Defense Department funds for construction of a border wall along the U.S.-Mexico border.
South Carolina Judge Rules That Schools Must Disclaim Students Who Pray at Graduation
A decision by a South Carolina judge has delimited the role of prayer in school graduation ceremonies.
Trump administration won’t rule out using 2001 war powers act to strike Iran
Trump administration officials say they are not seeking war with Iran but haven’t ruled out using an old war powers act to hit the regime in the future.
House Passes Bipartisan Budget Bill With Trump Support
Observing a rare cease-fire in their battles with President Donald Trump, the Democratic-controlled House on Thursday easily passed bipartisan debt and budget legislation to permit the Treasury to issue bonds to pay the government’s bills and lock in place recent budget gains for both the Pentagon and domestic agencies.