China sharply escalates warplane provocations near Taiwan

China’s military stepped up provocative aerial incursions near Taiwan on Monday with its biggest sortie to date, sending 58 warplanes, including 12 nuclear-capable bombers, inside the island’s air defense zone, the Taiwanese Defense Ministry said.

US Facing Massive Shortages Linked To COVID Restrictions

Americans face massive shortages of consumer goods ranging from cars to shoes ahead of Christmas as the global supply chain almost collapses due to restrictions linked to the COVID-19 pandemic, officials warned late Sunday.

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.

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.

Democrats say they have a deal on tax increases

Congressional Democrats and the White House have reached an agreement on a “framework” to pay for a massive social welfare spending package, party leaders said Thursday.

Australia struck by 5.5 earthquake, no injuries

Australia was shaken by a 5.9 magnitude earthquake on Wednesday, with some slight damage being caused outside the city of Melbourne in the state of Victoria, the Washington Times reports. The quake was the largest to affect Australia since a magnitude 6.6 earthquake struck the town of Broome in Western Australia in 2019.

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