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Feb 27 2021
Headline Roundup
U.S. House Passes $1.9 Trillion COVID-19 Relief Bill
The House of Representatives passed the $1.9 trillion COVID-19 stimulus package, which includes a $15 federal minimum wage mandate, early Saturday morning. House Democrats passed the bill with a 219-212 vote, with two Democrats joining every Republican in voting against it. The bill includes a third round of $1,400 stimulus checks, a $400 weekly unemployment insurance boost through Aug. 29,
New York Post (News) Politico The HillApr 28 2023
Headline Roundup
Data Shows Rising Wages, Slowing Inflation, and Flat Spending Ahead of Fed Interest Rate Meeting
Economic data released Friday showed rising wages, slowing inflation, and steady consumer spending. What does this mean for the Federal Reserve’s fight against inflation?
Wages: Seasonally-adjusted civilian worker pay rose 1.2% in the first quarter of 2023 — up from 1.1% growth in the previous quarter — and 4.8% over the last four quarters.
Inflation: The Personal Consumption
Wall Street Journal (News) Fox Business USA TODAYDec 23 2020
Headline Roundup
Trump Pushes for Bigger COVID-19 Relief Checks
President Donald Trump criticized the COVID-19 coronavirus relief bill Tuesday, saying it should be amended to increase the amount in the stimulus checks from $600 to $2,000 (or $4,000 per couple).
Failure to either pass another stopgap bill or override a possible Trump veto of the legislation could result in a partial government shutdown.
NBC News Digital USA TODAY Fox News DigitalDec 02 2022
Headline Roundup
CNN Announces Layoffs as Network Looks to Cut Costs
Prominent news network CNN (Left Bias) announced a round of layoffs this week as the media company seeks to cut costs.
For Context: CNN’s parent company, Warner Bros., merged with Discovery in May. Chris Licht was brought in as CEO of CNN around the same time. In October, Licht hinted that layouts were imminent, citing “concern over the global economic outlook.”
Key Quotes: Licht
Washington Post Fox News Digital Wall Street Journal (News)Jun 15 2020
Headline Roundup
Officials Cast Doubt on Second Coronavirus Wave as Cases Rise in Some States
As some states soften lockdown restrictions and see upticks in the number of coronavirus cases, many are concerned about a potential 'second wave' of the virus this fall. However, Anthony Fauci said Friday that the increase in cases did not necessarily indicate a 'second wave,' and that a spike in the fall could be avoided if people continue to social distance and wear masks in public.
The Guardian Forbes Newsmax (News)Oct 19 2023
Headline Roundup
Major Automakers Slow EV Production
General Motors (GM), Tesla, and Ford are among the major automakers slowing down production of electric vehicles.
Key Details: GM is delaying production on both the Sierra EV and the Silverado until late 2025 in order to align their investment with evolving EV demand. Ford and Tesla have slowed down production of electric vehicles due to concerns about waning demand and other economic
New York Post (News) Reuters CNN DigitalJul 22 2020
Headline Roundup
The Divided Effort for Additional Coronavirus Relief
Another COVID-19 coronavirus relief aid package will likely be approved by federal legislators sometime in August, as discussions about needs, priorities and common ground solutions gain momentum. Especially contentious features of the potential bill include whether to extend unemployment aid, and how much money to reserve for aiding struggling state governments.
Coverage of the
Washington Examiner Politico ReutersMay 04 2022
Headline Roundup
Federal Reserve Raises Interest Rates by Half-Point in Biggest Hike Since 2000
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, marking the largest interest hike since 2000.
Following a quarter-point increase in March, the move marks a shift in strategy as the Fed tackles a 40-year high in inflation. "Inflation is much too high, and we understand the hardship it is causing," Fed Chairman Jerome Powell said. "And we're
The Daily Wire Axios New York MagazineJun 13 2022
Headline Roundup
Shrinkflation: Are Brands Reducing Package Sizes Without Lowering Prices?
While inflation has continued to rise, some legacy brands are reducing the size of their products while retaining the same prices.
The practice, otherwise known as "shrinkflation," has been the response from many companies facing inflated manufacturing and distribution costs. Inflation accelerated to 8.6% in May, a pace that will likely continue through September, according to S&P
Associated Press Bloomberg The Daily WireNov 14 2023
Headline Roundup
Inflation Drops to 3.2% in October
The annual inflation rate fell in October, the Bureau of Labor Statistics reported, inching closer to the Federal Reserve’s standard 2% target rate.
The Details: Consumer prices rose 3.2% in the 12 months ending in October, a drop from August and September’s 3.7% rate. Within the month of October, overall prices rose 0%. While some of the price cooling came from falling gas prices,
CNN Business CNBC Fox Business