Month: May 2021

The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance dipping below 500,000 for the first time since the pandemic crisis, CNBC informs. Initial claims totaled 498,000 for the week ended […]

Warren Pushes Biden to Forgive Student Debt as White House Considers His Legal Authority

Sen. Elizabeth Warren is not easing up on her campaign to get President Joe Biden to forgive student debt, CNBC reports. The Massachusetts Democrat and Senate Majority Leader Chuck Schumer, D-N.Y., have led members of […]

Dow Rises 150 Points to Hit Another Record High Amid Better-Than-Expected Jobs Data

U.S. stocks increased on Thursday while investors eagerly waited for the anticipated jobs report on Friday in order to assess how fast is the recovery of the labor-market, CNBC informed. With adding 150 points, the […]

Battle over Tax Hikes Muddies the GOP’s Post-Trump Push to Be the Party of the Working Class

The looming battle over tax hikes to fund President Joe Biden’s economic recovery bills threatens to undermine the Republican Party’s nascent, post-Trump effort to rebrand itself as the party of the working class, CNBC reported. […]

Pro-GOP Group Takes Aim at House Dems over Pelosi’s ‘Socialist Drug Takeover Plan’

A conservative advocacy group that supports Republican causes is gaining popularity in over 40 congressional districts controlled by House Democrats with a major ad blitz targeting a bill that aims to regulate and lower prescription […]

CDC Projects a Surge in U.S. COVID Cases through May

Covid-19 cases will likely surge again in the U.S. as the highly contagious B.1.1.7 variant takes hold across the country, peaking in May before sharply declining by July, according to new data released Wednesday from […]

Facebook Upholds Trump Ban but Will Reassess Decision over Coming Months

Facebook’s independent oversight board ruled Wednesday to uphold the company’s January decision to suspend the Facebook and Instagram accounts of former President Donald Trump, CNBC reported. But, the board said, the indefinite time frame of […]

Saudi Arabia’s King Salman Appoints New Government Ministers

Faisal bin Fadel bin Mohsen Al-Ibrahim was appointed as Saudi Arabia’s new minister of economy and planning in a series of new government appointments issued by King Salman on Monday, Arab News reported. Amid the […]

Saudi Arabia Cuts June Crude Oil Official Selling Prices for Asia

Top oil exporter Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia, two sources with knowledge of the matter said on Wednesday, Reuters reported. It set […]

Donald Trump Promises Supporters Will Be ‘Very Happy’ when He Makes 2024 Announcement

President Donald Trump on Tuesday promised his supporters would be very happy when he eventually makes an announcement about whether he will run in the 2024 presidential election, Fox News reports. During an appearance by […]

COVID Scare at G7 Meeting after Indian Delegates Test Positive

India’s entire delegation to the Group of Seven summit in London is self-isolating after two of its members tested positive for COVID-19, the British government said on Wednesday. “Two delegates tested positive so the entire […]

Secret William Barr Memo Saying Not to Charge Trump Must Be Released, Judge Says

A federal judge this week rejected the Justice Department’s attempts to keep secret a departmental opinion to not charge former President Donald Trump with obstruction at the end of the Mueller investigation, calling the administration’s […]

The U.S. Birthrate Has Dropped again, the Pandemic May Be Accelerating the Decline.

The birthrate declined for the sixth straight year in 2020, the federal government reported on Wednesday, early evidence that the coronavirus pandemic accelerated a trend among American women of delaying pregnancy, according to The New […]

Republican Seeks to Use Obama Energy Policies to Criticize Biden

Sen. John Barrasso (R-Wyo.) is seeking to criticize the Biden administration’s energy agenda by drawing comparisons to Obama-era policies, The Hill writes. In a new report released Wednesday, Barrasso criticized both former President Obama’s $90 […]

As McCarthy Moves to Boot Cheney, a Favorite Successor Emerges

House Minority Leader Kevin McCarthy and some of his allies are moving quickly to nudge GOP Conference Chair Liz Cheney from her leadership post, publicly criticizing her and privately lining up a potential successor, Politico […]

Dogecoin Surges 30% To a Record above 50 Cents

Dogecoin, the cryptocurrency based off a viral dog meme from nearly a decade ago, surged 30% on Tuesday to set a new record high at more than 50 cents per coin, CNBC informed. The cryptocurrency […]

Yellen Says Rates May Have to Rise Somewhat to Keep Economy from Overheating

Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government […]

Caitlyn Jenner Releases First California Recall Video, Saying it’s ‘Time to Reopen’

Caitlyn Jenner, the Republican gubernatorial candidate, released her first video of the crowded recall campaign to replace Gov. Gavin Newsom on Tuesday, Fox News informed. The video highlights the “American Dream” in midcentury California before blaming politicians […]

Ohio GOP to Censure Republicans Who Voted in Favor of Trump’s Impeachment

The Ohio Republican Party is set to vote on a resolution this week to censure those GOP members of Congress who cast their votes to impeach former President Donald Trump in February, Fox News informed. This resolution […]

Allies of GOP Leader Vow to Oust Liz Cheney

Top allies of House Minority Leader Kevin McCarthy (R-Calif.) are vowing to oust Rep. Liz Cheney (R-Wyo.), one of the harshest critics of former President Trump in either party, from her leadership post by the […]

Giuliani’s Legal Adviser Hopes Trump will Join Court Fight to Block Access to Materials Seized in FBI Raid

A legal adviser to Rudy Giuliani said he hopes former President Donald Trump will join in a court fight to attempt to block federal prosecutors from accessing seized material Giuliani believes is protected by attorney-client […]

FBI Agents Shoot, Wound Armed Suspect Outside CIA Headquarters

FBI agents shot and wounded an armed suspect outside CIA headquarters in Virginia on Monday, the agency said as quoted by New York Post. The suspect was shot at about 6 p.m. following an hours-long […]

‘It’s an Act of War’: Trump’s Acting Pentagon Chief Urges Biden to Tackle Directed-Energy Attacks

The suspected directed-energy attacks on U.S. government personnel worldwide are “an act of war,” said former acting Defense Secretary Christopher Miller, who launched an initiative to investigate the incidents during his time at the Pentagon […]

In Another Reversal, Biden Raises Limit on Number of Refugees Allowed Into the U.S.

President Biden on Monday reversed himself and said he would allow as many as 62,500 refugees to enter the United States during the next six months, eliminating the sharp limits that President Donald J. Trump […]

U.S. Defense Secretary Lloyd Austin to attend Shangri-La Dialogue in Singapore

U.S. Defense Secretary Lloyd Austin will attend the Shangri-La Dialogue Asian security summit due to be held in Singapore next month, organisers said, after the annual meeting was cancelled last year due to the coronavirus […]

House Republicans Dispute Biden’s Plan to Send Money to Central America to Halt Migration

House Oversight and Budget committees’ republicans are disputing an alleged plan of the Biden administration to transfer money to Central America as part of a strategy to cut the main cause of the migrant crisis, […]

Bill Cassidy Stands in Support of 2017 Tax Cuts Targeted by Biden

Sen. Bill Cassidy, R-La., on Sunday stood in defense of the Trump-era tax cuts that are now a target for President Joe Biden’s American Jobs Plan, indicating that the wages in the low-income earners circles have […]

Cecilia Rouse Pushes Global Corporate Tax Minimum to Thwart Proposed US Increase

Cecilia Rouse, the Council of Economic Advisers chair made a push for a “global minimum tax” on corporations to thwart President Joe Biden’s newly proposed tax rate, Fox News informed. Rouse spoke with Fox News […]

White House: Biden Wears Mask Outdoors as Additional Precaution

President Joe Biden is still wearing a mask outside because he is taking additional precautions, White House aide stated on Sunday, although the Center for Disease Control and Prevention advised that vaccinated people might not […]

Tim Scott Says that US is Not A Racist Country

Senator Tim Scott, in a response to Joe Biden’s address to Congress, said that the US is not a racist country and while Republican and Democrats are in negotiations of the new police reform at […]