Deficit surpasses $1 trillion: CBO
The federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday.
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Record 157,878,000 Employed in August; Record Low Unemployment Rate for Blacks
The number of people employed in the United States hit a record 157,878,000 in August, the 21st record set under President Donald Trump, according to the employment report released today by the Bureau of Labor Statistics.
Trump administration unveils Fannie, Freddie overhaul, urges Congress to act
The U.S. Treasury on Thursday said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae and Freddie Mac, while calling on Congress to pen a comprehensive housing reform that would allow them to be safely freed from government control.
U.S. trade deficit shrinks, gap with China remains elevated
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s ‘America First’ agenda, surged to a six-month high.
Dorian creeps up US coast; near-record storm surge feared
A weakened but still deadly Hurricane Dorian crept up the Southeastern seaboard Wednesday, and millions were ordered to evacuate as forecasters said near-record levels of seawater and rain could swamp the coasts of Georgia and the Carolinas.
With $3.6 Billion in New Defense Department Funding, President Trump Continues His Plan to Build the Border Wall With Military Money
The Pentagon plans to tap into $3.6 billion in funding set aside for military construction projects and instead funnel it toward building a wall on the U.S. southern border with Mexico helping to make good President Donald Trump’s signature campaign promise.
Dorian evacuation orders hit Florida, Georgia, Carolinas
Mandatory evacuations hit coastal areas from Florida to the Carolinas on Monday as Hurricane Dorian was expected to graze Florida and possibly strike Cape Hatteras, N.C.
‘Unprecedented’: Calm upper atmosphere behind Hurricane Dorian’s record stall out over Bahamas
Powerful Hurricane Dorian has been going nowhere because nothing high up is making it budge.
Trump Administration Puts Small Dent in Planned Parenthood Funding
Planned Parenthood will lose $60 million in federal funding following a 9th Circuit Court of Appeals decision not to freeze a new Department of Health and Human Services rule.
U.S. economy slowing, but consumers limiting downside
U.S. economic growth slowed in the second quarter, the government confirmed on Thursday, but the strongest consumer spending in 4-1/2 years amid a solid labor market threw cold water on financial market expectations of a recession.
Hurricane Dorian Strengthens, Florida Declares State of Emergency
The National Hurricane Center said late Thursday that Dorian is expected to become a major hurricane Friday and remain an ‘extremely dangerous’ hurricane through the weekend as it sucks up the warm Atlantic waters.
Is China’s ‘social credit’ surveillance system coming to America?
China’s “social credit” system, a high-tech operation that tracks and assigns points in relation to the daily activities and behavior choices of its citizens, is being developed in Silicon Valley.
Federal judge partially blocks Missouri abortion ban
A federal judge on Tuesday temporarily blocked an eight-week abortion ban from taking effect in Missouri but will allow another part of the law to move forward that bans abortion on the basis of race, sex, or disability.
Christians cannot be forced to make gay wedding videos, rules US appeals court
An appeals court has ruled in favor of Christian filmmakers who had been told by Minnesota officials that they could not refuse to make videos for same-sex weddings on the grounds of religious objections.
‘A Blockbuster Economy’: Despite 500,000 Fewer Jobs and Tariff Trouble
The economy is on everyone’s mind this week as fears about a possible recession continue to capture headlines. Now, the Bureau of Labor Statistics has released some revised employment numbers showing 500,000 fewer jobs were created than initially reported.
DOJ: 64% of Federal Arrests in 2018 Were of Non-U.S. Citizens
Approximately 64 percent of the arrests that the federal government made in fiscal 2018 were of non-U.S. citizens, according to a report released today by the Justice Department’s Bureau of Justice Statistics.
Deficits to exceed $12 trillion through 2029: CBO
The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the nonpartisan Congressional Budget Office (CBO), an $809 billion increase from its last projection in May.
Electoral College Members Don’t Have to Follow the Will of Voters, Appeals Court Rules
A U.S. appeals court in Denver said Electoral College members can vote for the presidential candidate of their choice and aren’t bound by the popular vote in their states.
Trump looking at possible tax cuts amid economic jitters
President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession.
Planned Parenthood drops out of Title X
Planned Parenthood will be forgoing as much as $60 million annually from a federal family planning program that will carry new anti-abortion rules.