Employer hiring intentions reach their lowest point since 2009, new report reveals
In September, U.S. employers revealed significant job cuts, with a report indicating that employment plans have plummeted to their lowest point since 2009, underscoring a growing uncertainty in the job market. Last month, companies reported a total of 54,064 job cuts, which, according to outplacement firm Challenger, Gray & Christmas, marked the only instance of […]
Will tax extensions be required if the government closes on October 15th?
(Nexstar) – As Americans gear up for the October 15 extension deadline for their 2024 federal tax returns, many might be anxious about whether their checks will be processed. But there’s no need to worry; the IRS is still keen on collecting those payments. While most people met the April deadline, about 19 million individuals […]
Listeria outbreak associated with ready-made pasta dishes has led to 4 fatalities
Four individuals have died, and 19 others are hospitalized due to a Listeria outbreak connected to ready-to-eat pasta meals sold in grocery stores across the country, as noted by the Centers for Disease Control and Prevention (CDC). As of September 30, there were 20 reported cases of listeria poisoning across 15 states. The outbreak is […]
Five states take legal action against Zillow and Redfin for violating antitrust laws.
On Wednesday, five states filed a lawsuit against Zillow and Redfin, claiming that the two online real estate platforms breached federal antitrust laws, impacting competition in the market. Attorneys general from Virginia, Washington, Arizona, Connecticut, and New York initiated a joint lawsuit in the U.S. District Court for the Eastern District of Virginia. The suit […]
The reason the monthly jobs report will not come out this week
Policymakers, investors, and business leaders are concerned about the pace of the US job market, and they’re looking to slow it down. However, that goal may be out of reach for now. The Bureau of Labor Statistics (BLS), which tracks and reports employment data, is currently unable to function due to the government shutdown that […]
When will the shutdown be over? Lawmakers are unsure
Partisan tensions in Washington are complicating efforts to avert a government shutdown. Both Republicans and Democrats are standing firm, each blaming the other side for the stalemate. Democrats have rejected a GOP proposal to maintain current government funding levels until November 21. They argue that the onus is on the Republicans, who currently control both […]
Trump withdraws nomination of EJ Antoni for Bureau of Labor Statistics director role
On Tuesday, President Trump withdrew EJ Antoni’s nomination for a position at the Bureau of Labor Statistics, following the dismissal of the agency’s head amidst criticism regarding employment data. In August, Trump had announced his intention to appoint Antoni, who served as the chief economist at the Conservative Heritage Foundation, to lead the Bureau. Later […]
Senate Democrats criticize Social Security leader for ambiguity about retirement age
Senate Democrats have expressed strong disapproval of President Trump’s Social Security Chief following comments suggesting an increase in the retirement age. In a letter to the White House, lawmakers emphasized that if the retirement age were to rise during Trump’s term, it would go against promises made to safeguard American interests. This letter marked the […]
Senate turns down Democrats’ spending proposal shortly before anticipated shutdown.
On Tuesday, the Senate considered a Democratic spending bill, facing a looming government shutdown ahead of a tight deadline. The vote ended along party lines at 47-53 regarding the extensions for government funding and related provisions, amounting to about $1 trillion dedicated to healthcare. Unfortunately, they needed 60 votes to proceed. This vote came right […]
A shutdown might leave the federal flood insurance program in trouble.
With the government anticipated to shut down on Wednesday, the National Flood Insurance Program (NFIP) may not be able to issue new policies or updates. This situation could create significant complications for homeowners and those involved in real estate transactions. If current policies under NFIP, managed by the Federal Emergency Management Agency (FEMA), expire, homeowners […]