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Continue reading →: Jobless claims for the week ending on June 4 hit 229,000, the highest since January;
The number of jobless claims increased by 27,000 from the last period and it greatly surpassed the Dow Jones estimate of 210,000, according to a report. Initial jobless claims spiked to their highest level since mid-January last week despite signs of an otherwise strong employment picture, the Labor Department reported Thursday. First-time filings for…
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Continue reading →: Armed man arrested near Brett Kavanaugh’s house; Planned to kill Supreme Court Justice;
The gunman telling officers after he was arrested that he wanted to kill the Supreme Court justice. “At approximately 1:50 a.m. today, a man was arrested near Justice Kavanaugh’s residence. The man was armed and made threats against Justice Kavanaugh. He was transported to Montgomery County Police 2nd District,” Supreme Court spokeswoman…
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Continue reading →: Corporations will invest $2 billion into northern Central America under a Biden administration initiative;
Vice President Kamala Harris announced Tuesday morning that 10 new companies have pledged to pour more than $1.9 billion in investments into El Salvador, Guatemala, and Honduras. Companies and nonprofit organizations, including Gap, Visa, Coatl, and AgroAmerica, were among the newest batch of government partners. “These, we think, are pretty sizable direct…
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Continue reading →: One of the largest migrant caravans of all time is making its way to the U.S.-Mexico border;
The caravan now is 11,000 strong and on Monday departed Tapachula on the Mexico-Guatemala border and the group is expected to swell up to 15,000. Many of the migrants come from Venezuela, Cuba and Nicaragua, three countries whose authoritarian rulers have been left out of this week’s summit. On Monday Mexican President…
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Continue reading →: Biden admin to invoke the Defense Production Act on domestic manufacturing of some solar parts;
The two-year waiver on tariffs would lead to new import duties on solar parts from Cambodia, Thailand, Vietnam and Malaysia. Seeking to resolve a conflict in the solar industry, the White House plans to waive some tariffs on solar imports to ensure steady supplies while invoking the Defense Production Act to boost…
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Continue reading →: Biden said Friday that he has “no direct plans” to travel to Saudi Arabia later this month;
Biden stated that he may meet with Israeli and Arab leaders as the U.S. and Saudi Arabia seek to reset their strained relationship. Mr. Biden, speaking to reporters in Rehoboth Beach, Del., said he has “been engaged in trying to bring more stability to the Middle East” and that a trip…
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Continue reading →: Biden administration to forgive $5.8 billion in student loan debt;
The Biden administration said Wednesday it would forgive all of the loans outstanding held by students who attended Corinthian Colleges. The Education Department estimated that 560,000 student borrowers would be affected by the move involving the defunct, for-profit education company. Borrowers who attended Corinthian schools like Everest, Heald and WyoTech, located…
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Continue reading →: Treasury Sec Janet Yellen, inflation projections were wrong in statements she made last year;
Ms. Yellen’s remarks come as the administration is launching a renewed effort to improve Americans’ perceptions of the state of the economy. “I think I was wrong then about the path that inflation would take,” Ms. Yellen said in a CNN interview Tuesday evening. “There have been unanticipated and large…
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Continue reading →: JUST IN | Former Clinton campaign attorney Michael Sussman not guilty for lying to FBI;
The verdict is a hit for John Durham’s investigation of the investigators, with the special counsel losing the first case that he has brought to trial. Sussmann, a former Perkins Coie lawyer who represented the Democratic National Committee when it was hacked in 2016, was acquitted after a two week trial in…
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Continue reading →: Biden to meet with Fed Chairman Powell for the first time since his renomination as inflation soars;
According to the White House, the Oval Office meeting between the two will feature a discussion about the current state of the U.S. and global economy. Biden launched an effort this week to convince the public that he is addressing inflation, which has badly hurt his approval ratings and undercut support for…
