Washington — President Biden highlighted deficit reduction in remarks Wednesday at the White House, noting that the government will pay down the national debt this quarter for the first time in six years. Mr. Biden emphasized how strong job gains have increased total incomes and led to additional tax revenues …
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May, 2022
April, 2022
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27 April
George Huguely, man who killed UVA lacrosse player Yeardley Love, takes the stand
A former University of Virginia lacrosse player serving time for the murder of his ex-girlfriend testified Wednesday in a wrongful death lawsuit that the only mental image he has of her death was of blood coming out of her nose, and that he doesn’t remember breaking into her room and …
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27 April
Disney says Florida can’t dissolve Reedy Creek’s special tax status
The feud between Ron DeSantis and Florida’s largest private employer now centers on whether the state can legally dissolve the special tax district that governs Walt Disney World, as the governor and local lawmakers did last week. The sparring began after DeSantis last month signed a controversial bill barring schools …
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27 April
Boeing “probably shouldn’t have” made Trump
Boeing CEO Dave Calhoun told investors Wednesday that the company probably shouldn’t have agreed to a fixed-price contract with former president — and “Art of the Deal” author — Donald Trump to develop a new Air Force One fleet. The company has already lost $660 million developing the two 747 …
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21 April
Federal Reserve could raise interest rates half a point in May as inflation soars
The Central Bank may increase the federal funds rate by .5% at the meeting in May as inflation soars, Federal Reserve Chairman Jerome Powell signaled Thursday. The Fed raised its rate by .25% in March, a move that some economists have criticized as not aggressive enough as inflation hit 8.5% …
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20 April
Americans often “forced” to pay medical bills they don’t owe, feds say
It may come as little surprise that many Americans are besieged by medical bills, especially as the COVID-19 pandemic grinds on. Perhaps more eye-opening is that this is often for debt they have already paid or do not actually owe. In a new report, the Consumer Financial Protection Bureau found …
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15 April
Biden taps Michael Barr for Fed’s bank regulation position
WASHINGTON — President Joe Biden announced Friday he plans to nominate Michael Barr, the dean of the University of Michigan’s public policy school, to be the Federal Reserve’s vice chairman of supervision. The selection of Barr comes after Mr. Biden’s first choice for the Fed post, Sarah Bloom Raskin, withdrew her …
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March, 2022
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30 March
White House exploring ways to lower gas prices
As U.S. gasoline prices hover near a 14-year high, the Biden administration is exploring ways to lower fuel costs, from suspending federal gas taxes to further tapping the nation’s Strategic Petroleum Reserve. “This is sort of a five-alarm fire at the White House — they are extremely intensely concerned,” Jeff …
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29 March
American workers quit their jobs at near
Americans continue to quit at near record highs, with 4.4 million people handing in their resignations last month, according to new government data. At the same time, employers had 11.3 million job openings in February, just shy of a December record of 11.4 million openings. The data signals that the job …
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24 March
Nebraska congressman Jeff Fortenberry found guilty in campaign probe
U.S. Rep. Jeff Fortenberry of Nebraska was convicted Thursday of charges that he lied to federal authorities about an illegal $30,000 contribution to his campaign from a foreign billionaire at a 2016 Los Angeles fundraiser. A federal jury in California found the nine-term Republican guilty of one count of falsifying …
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