Americans are taking “hardship” withdrawals from 40(k) plans. The Internal Revenue Service allows hardship withdrawal from retirement funds without penalty when there is an immediate or heavy financial…
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Congress Approves Short-Term Funding
The new deadline is December 23. The House and Senate each passed a short-term bill to fund the government until December 23. The one-week continuing resolution averts a…
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Bipartisan Negotiations Continue on Government Funding
Agreements are being made on omnibus legislation. Congressional negotiators came to some significant agreements this week with regard to the annual government funding bill. Key negotiators Senator Patrick…
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Federal Reserve Continues to Increase Interest Rates
Half a percent hike is the seventh this year. On Wednesday, the Federal Reserve again increased interest rates, by half a percentage point instead of the three-quarter percentage…
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Military to Receive Pay Raise in 2023
The largest increase in 20 years still does not keep pace with inflation. The National Defense Authorization Act, which was passed by the House of Representatives this week,…
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State Department Approves Arms Sales to Taiwan
Two separate sales are worth $425 million. The U.S. State Department announced the approval of two separate arms sales to Taiwan. The total value of the arms sales…
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Journalism Act Could Remove News from Facebook
Congress considers adding journalism negotiation to upcoming defense bill. Congress is considering adding the Journalism Competition and Preservation act to their annual defense bill, which would allow news…
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November Job Growth Higher Than Expected
Unemployment remains at 3.7 percent. The Bureau of Labor Statistics released figures on Friday that show the economy gaining 263,000 jobs in November, which is higher than economists…
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Christmas Tree Prices Higher Due to Inflation
Some regions experiences shortages in supply. While Christmas tree farms have reported a strong harvest, some regions of the U.S. are experiencing a shortage even as others have…
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House Votes to Avert Rail Strike
The measure now goes to the Senate. On Wednesday, the House of Representatives passed a bill that would avert a national railroad strike. The legislative decision would block…
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