Lobbying World: Federalist Society taps new president
sheldon gilbert will be the next president and chief executive officer (CEO) of federalist society On January 2, 2025, he succeeded Eugene B. Meyer, becoming the second president in the influential conservative and liberal legal organization's 40-year history. Mr. Gilbert is currently Senior Chief Counsel for Strategic Initiatives at Walmart and previously served as Vice […]
Amazon workers to strike at multiple sites: Teamsters
International Federation of Teamsters Brotherhood announced Amazon workers are scheduled to go on strike starting Thursday in five states finalized ahead of the Christmas holidays, citing the company's refusal to participate in bargaining negotiations. “If your package gets delayed during the holidays, you can blame Amazon's insatiable greed. We've given Amazon clear deadlines for our […]
Young Americans richer than ever, sense ‘economic fragility’: Report
Americans under 40 now have more money than ever before, but they feel “economically vulnerable,” according to a Treasury Department report. the study released by the department The median wealth of Americans ages 25 to 29 will increase to more than $80,000 in 2022, an increase of more than $50,000 since 2010, according to Wednesday's […]
Lawmakers caught off guard by Trump debt ceiling demand
Lawmakers on both sides of the aisle on Wednesday rejected a sweeping bipartisan plan to avert this week's government shutdown and called for a combination of raising the debt ceiling and a stopgap government funding bill. It seemed like he was caught off guard. President Trump said in one article: joint statement Vice President-elect J.D. […]
More than 500,000 winter tires recalled due to poor traction in snow
(WJET/WFXP) — Prinx Chengshan Tire North America (PCTNA) has issued a recall for the following products: 540,000 snow tiresdoes not comply with North American standards due to lack of adequate traction on snow. PCTNA's recall affects both Fortune Tormenta and Prix High Country tires over size 100 that feature the three-peaked snowflake symbol on the […]
DOJ files lawsuit against CVS alleging controlled substances violations
The Department of Justice (DOJ) sued CVS Health. Accusation against major pharmaceutical companies Allegedly contributing to the opioid crisis by intentionally filling illegal prescriptions to boost corporate performance metrics. “Today's complaint holds CVS accountable for its misconduct, as these actions allegedly contributed to the opioid crisis and opioid-related deaths,” Brian M. Boynton, the Justice Department's […]
Fed cuts interest rates by quarter point despite firmer inflation
The Fed cut interest rates by a quarter of a percentage point on Wednesday, in line with market expectations, even as inflation has accelerated again over the past two months. Fed officials have been trying to find the right tempo of rate cuts since they began cutting rates by a deep half-point in September, but […]
Senate Democrats launch probe into Trump IRS nominee
Democratic senators on Wednesday launched an investigation into former Rep. Billy Long (R-Missouri), President-elect Trump's nominee to head the Internal Revenue Service. They want to know how he promoted a pandemic-era tax credit called the Employee Retention Tax Credit (ERTC), which is riddled with fraudulent claims and disrupted IRS operations. Senate Finance Committee Chairman Ron […]
Dow loses 1100 points after Fed projects fewer rate cuts
Stocks closed sharply lower on Wednesday after the Federal Reserve cut interest rates but expected higher borrowing costs and higher inflation in 2025. . The Dow Jones Industrial Average fell 2.6% from the opening bell, closing down 1,123 points. According to CNBC, Wednesday marked the first time the Dow had a 10-day losing streak since […]
Elon Musk: Anyone who votes for spending deal should lose reelection
Tech mogul Elon Musk on Wednesday continued his blistering attack on the newly announced year-end funding deal, calling for all lawmakers who support the continuing resolution to be voted out of office. “Any Representative or Senator who votes for this outrageous spending bill deserves to be voted out within two years!” Musk I wrote it […]