Congress must act by August to prevent debt default, CBO warns
The federal government was able to default on its obligations immediately in August without action from Congress, the Congressional Budget Office (CBO). Estimated on Wednesday. The latest forecasts say the nonpartisan budget scorekeeper said Wednesday morning that Congress must act to raise or suspend debt caps by August or September, but that deadlines could change […]
Bank of Korea cuts rates to lowest since August 2022 to boost sluggish growth – CNBC
People pass the Korean Exchange (KRX) building in Seoul, South Korea on December 9th, 2024. Daniel Chen | Anadoru | Getty Images South Korea Central bank reduction rate Since August 2022, 25 basis points have been at its lowest since Tuesday, striving to stimulate a slower economy. The Bank of Korea trimmed for the third […]
Rep. August Pfluger Introduces Bill to Ban Vote Counting After Election Day
A new bill by Rep. August Pflueger (R-Texas) would prevent rogue Democratic strongholds like California from continuing to count votes for several weeks after Election Day. Pfluger introduced the Restoring America's Confidence in Elections Act in response to President-elect Donald Trump's call for election vote counting to end by 10 p.m. “As you know, we're […]
Investigators: Luigi Mangione’s Plot To Kill UnitedHealthcare CEO Brian Thompson Began In August
On December 19, 2024 in New York City, Luigi Mangione, the suspect in the murder of United Healthcare CEO Brian Thompson, arrives at a helipad with members of the New York City Police Department. The 26-year-old man was found at a McDonald's in Altoona on Dec. 9 during a nationwide manhunt and arrested in Pennsylvania. […]
GBP/USD seems vulnerable below 1.3000, its lowest level since August 20 – FXStreet
GBP/USD consolidated a modest decline spurred by the UK CPI on Wednesday, hitting its lowest level in more than two months. Bets that the BoE will cut interest rates in November are weighing on the pound and major currencies as the dollar strengthens. Expectations that the Fed's aggressive easing policy will be eased favor USD […]
Trump-Vance ticket has done combined 79 interviews since August compared to 43 for Harris-Walz
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Biden Speaks to Netanyahu for First Time Since August
Despite the escalating war in Lebanon and Iran's missile attack on Israel last week, President Joe Biden spoke directly with Israeli Prime Minister Benjamin Netanyahu on Wednesday for the first time since August. Biden has made no secret of his distaste for Israeli leaders, and the White House was furious last month when Netanyahu ordered […]
Factory Orders Decline Again in August Ahead of Election
Orders for industrial products fell 0.2% in August, the Commerce Department said Thursday, following a notable increase in the previous month. The decline marks the third decline in orders in the past four months and signals continued difficulties in manufacturing. Economists had expected orders to be flat in August, reflecting a cautious outlook amid a […]
Colorado wildfire in August sparked by man’s attempt to cremate his dog, authorities say
A wildfire that ripped through more than 7,000 acres in western Colorado in early August was started by a man trying to cremate his dead dog, wildfire investigators said. Brent Scott Garber, the alleged arsonist responsible for the costly Bucktail fire, was arrested earlier this month, according to reports. Montrose County Sheriff's Office. He was […]
Inflation measure closely watched by the Fed fell to 2.2% in August
Brian Levitt, global market strategist at Invesco, said at Barron's Roundtable that inflation has returned to its comfort zone. Inflation measures closely watched by Fed policymakers continued to slow in August as the pace of price increases trended closer to the Fed's target. The Personal Consumption Expenditures (PCE) price index released by the Department of […]