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Consumer spending expectations for October Prime Day 2024

Experts say Amazon is selling more deals during Prime Big Deal Day as cash-strapped consumers (also nervous about last week's U.S. port strikes) jump on sales early and often. Consumer spending is likely to increase. Amazon's Prime Big Deal Days (also known as the October edition of the Prime Sale) take place on Tuesdays and […]

Stop spending! Use unspent billions to rebuild after Helene

Our country is suffering from record spending, debt, and budget deficits, which are driving inflation. That's why bond yields are soaring even as the Fed cuts interest rates. Despite record spending, there will not be enough money to rebuild communities destroyed by Hurricane Helen without passing additional disaster spending bills that push us further into […]

Democrats press corporations on lobbying spending ahead of tax fight

Democrats want to know how much money big corporations are paying major lobbying groups to court lawmakers before the tax law is scheduled to expire next year. Heads of large companies including Netflix, Ford and Tesla received letters from Democratic lawmakers demanding details of their lobbying budgets and whether their corporate boards would approve them. […]

Congress Passes Stop-Gap Spending Bill After Failed Mike Johnson Gambit

Parliament passed a bill on Wednesday that will fund the government until nearly the end of December. House of Representatives and Senate Passed A stopgap spending bill that would extend the deadline for government spending until December 20. Also known as a continuing resolution (CR), the measure maintains the status quo on federal spending. Speaker […]