Paul Pelosi, the husband of House Speaker Nancy Pelosi, was arrested for alleged drunk driving after a two-vehicle collision in their home state of California late Saturday, according to the California Highway Patrol and court records. CHP said Pelosi, 82, was driving a 2021 Porsche that was hit by 2014 …
Read More »Biden highlights deficit reduction, says U.S. will pay down national debt for first time in 6 years
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 …
Read More »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 …
Read More »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% …
Read More »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 …
Read More »Texas rejected at least 16,800 mail ballots in primary elections
Thousands of Texans who tried to vote by mail during this month’s primary elections had their ballots tossed out, many of which were rejected because of issues that voters had in trying to comply with the state’s new voting law. A CBS News analysis of election data has found that …
Read More »Supreme Court to hear Colorado clash over LGBTQ rights and religious liberty
Washington — The Supreme Court on Tuesday said it will take up the case of a Colorado web designer who is opposed to creating wedding websites for same-sex couples because of her religious beliefs, in the latest clash to come before the court involving claims of religious liberty and state …
Read More »FBI says it’s conducting “court
The FBI is conducting “court-authorized law enforcement activity” at Representative Henry Cuellar’s Laredo, Texas, home, the agency confirmed in a short statement Wednesday. Cuellar’s office said in a statement that he will “fully cooperate in any investigation. He is committed to ensuring that justice and the law are upheld.” It …
Read More »Nominee for top auto safety regulator vows to “prioritize” tougher vehicle seat standards
The Biden Administration’s nominee to be the nation’s top auto safety regulator pledged to “prioritize” replacing the outdated federal strength standard for vehicle seats that’s been the focus of a six-year CBS News investigation. “CBS put a spotlight on this problem,” Senator Ed Markey (D–Mass.), said while questioning Dr. Steven …
Read More »House to vote on censure of Paul Gosar after he posted edited anime video of him killing Ocasio
The House plans to vote Wednesday on a resolution that would both censure Republican Congressman Paul Gosar and remove him from his committee assignments. Gosar last week posted on Twitter an edited anime video that depicted him attacking President Biden and apparently killing Congresswoman Alexandria Ocasio-Cortez. He later deleted the …
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