federal reserve economy
Moody’s Downgrades US Banks, Warns of Possible Cuts to Others
Posted on:Tuesday, August 8, 2023

Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be tested by funding risks and weaker profitability.

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As credit card debt tops $1 trillion for the first time, ‘a huge test’ for cardholders is coming
Posted on:Tuesday, August 8, 2023

Collectively, Americans now owe more than $1 trillion on credit cards.

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China is conducting “relentless espionage campaign” against America, US lawmaker reports
Posted on:Tuesday, August 8, 2023

The Chairman of the US House Select Committee on China has warned that the Chinese Communist Party is conducting a “relentless espionage campaign against America,” Politico reports.

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Texas rescues more than 900 smuggled children at southern border
Posted on:Tuesday, August 8, 2023

Through Texas’ border security mission Operation Lone Star, Texas DPS troopers have rescued over 900 children being smuggled into and through Texas from Mexico by human traffickers, DPS Lt. Chris Olivarez recently announced.

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Federal judge halts Colorado’s new gun purchase age limit law
Posted on:Monday, August 7, 2023

A federal judge on Monday halted Colorado’s new law raising the age to purchase firearms in the state to 21 years old.

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Judge overseeing Trump classified documents case deals blows to special counsel Jack Smith
Posted on:Monday, August 7, 2023

A federal judge dealt several blows Monday to Special Counsel Jack Smith’s prosecution of former President Donald Trump for his alleged mishandling of classified documents.

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Judge orders Catherine Herridge to reveal sources for stories on FBI, Chinese American scientist
Posted on:Monday, August 7, 2023

A federal judge ordered CBS News senior correspondent Catherine Herridge to reveal her sources for a series of stories about the FBI’s investigation of a Chinese American scientist back when she worked for Fox News.

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U.S. employers add a still-solid 187,000 jobs in June; unemployment dips to 3.5%
Posted on:Sunday, August 6, 2023

U.S. employers added 187,000 jobs last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient.

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Federal judge blocks Illinois pregnancy center law, calls state’s motion to delay ‘meritless’
Posted on:Sunday, August 6, 2023

A federal court has temporality blocked a measure that grants the Illinois Attorney General’s office the power to shut down limited-service pregnancy centers while the case continues.

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Crime Crisis: D.C. in ‘State of Emergency’, Crime Rates Soaring Nationwide
Posted on:Sunday, August 6, 2023

Nationwide, crime is dominating the headlines in America. The Council on Criminal Justice says violent crimes have become more common over the past four years.

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Trump pleads not guilty to all charges in special counsel’s Jan. 6 case
Posted on:Thursday, August 3, 2023

Former President Donald Trump on Thursday pleaded “not guilty” to all criminal charges stemming from special counsel Jack Smith’s indictment related to the 2020 presidential election and Jan. 6, 2021, Capitol riot.

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Democrat-Led Anti-Israel Bill Relies on Research From Designated Terror Group
Posted on:Thursday, August 3, 2023

A Democrat-led bill condemning Israel’s so-called military occupation of Palestinian lands relies on research from an Israeli-designated terrorist organization.

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Jury Imposes Sentence Of Synagogue Attacker
Posted on:Wednesday, August 2, 2023

A jury imposed the death penalty on a man who spread antisemitic hatred before fatally shooting 11 worshippers at a synagogue in the deadliest attack on Jews in U.S. history.

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FBI locates 200 sex trafficking victims, identifies 196 suspects in nationwide campaign
Posted on:Wednesday, August 2, 2023

The FBI located 200 sex trafficking victims, including 59 children, and identified or arrested 196 suspects during a two-week operation in July involving state and local partners, the federal agency announced.

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Hundreds of US Troops Ending US-Mexico Border Mission
Posted on:Wednesday, August 2, 2023

Hundreds of troops who were deployed to the United States border with Mexico earlier this year as the government ended pandemic-related asylum restrictions are now returning home.

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US researchers are working on “cancer-killing” pill
Posted on:Wednesday, August 2, 2023

America’s largest cancer research organization, City of Hope, is conducting preclinical trials on a new drug that appears able to “annihilate” solid cancerous tumors while leaving surrounding healthy cells alone, Sky News reports.

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Trump Charged Over Alleged Election Fraud
Posted on:Tuesday, August 1, 2023

Former U.S. President Donald J. Trump faced significant legal challenges that could overshadow his re-election bid after he was charged with four counts following a grand jury’s examination of his alleged efforts to overturn the 2020 election results.

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Special counsel announces charges against Trump over Jan. 6: ‘Unprecedented assault’ on democracy
Posted on:Tuesday, August 1, 2023

Special counsel Jack Smith on Tuesday delivered remarks following the unveiling of a four-count indictment against former President Donald Trump in connection with the events of the Jan. 6, Capitol riot.

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US’ Credit Rating Downgraded
Posted on:Tuesday, August 1, 2023

One of the world’s largest credit agencies announced on Tuesday that it was lowering the U.S.’ long-term credit rating from “AAA” to “AA+,” citing future fiscal uncertainty.

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Biden pushes fight with Supreme Court as he launches student loan forgiveness website
Posted on:Monday, July 31, 2023

The White House is testing a website for a new student loan payment initiative nearly a month after the Supreme Court quashed President Joe Biden’s wide-reaching student loan forgiveness plan.

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