Funding includes the revitalization of California’s Golden Gate Bridge. The Department of Transportation has announced the first distribution of funds from the Large Bridge Project Grant program. Created…
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First Lady Speaks at Women’s Event in Mexico
She says, “Empowered women power our economies.“ Accompanying President Joe Biden on his trip to Mexico, First Lady Jill Biden spoke in Mexico City, Mexico, on Monday at…
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FTC Finds Mastercard Violated Durbin Amendment
Order submitted to stop the company’s block of competing processing networks. The Federal Trade Commission (FTC) has found Mastercard’s online business practices to be a violation of the…
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November Home Sales Lower Than Expected
It is the sixth straight month of decline. The National Association of Realtors (NAR) reported that pending home sales fell 4 percent in November from the prior month.…
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Withdrawals From Retirement Plans Increase
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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