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May 09 2023
News
‘Quiet quitting’ the U.S. housing market: One group of sellers has disappeared
The housing market’s all-important spring season has arrived, but there aren’t many homes going up for sale.
According to Realtor.com (see chart below), only 392,016 U.S. homes were listed for sale in April 2023. That’s below the 497,844 listed in April 2022—a period that was infamous for its tight supply—and far below the 552,082 listed in April 2019.
Redfin chief economist
Fortune
May 02 2023
News
US to Send 1,500 Troops to Southern Border: White House
US to Send 1,500 Troops to Southern Border: White House U.S. Marines help to build a concertina wire barricade at the U.S. Mexico border in preparation for the arrival of a caravan of migrants at the San Ysidro border crossing in San Diego, Calif., on Nov. 13, 2018. (Reuters/Mike Blake) The United States will be sending troops to the southern border with Mexico, the White House announced on
The Epoch Times
Apr 26 2023
News
House Republicans pass US debt bill, push Biden on spending
House Republicans narrowly passed sweeping legislation Wednesday that would raise the government’s legal debt ceiling by $1.5 trillion in exchange for steep spending restrictions, a tactical victory for Speaker Kevin McCarthy as he challenges President Joe Biden to negotiate and prevent a catastrophic federal default this summer.
Biden has threatened to veto the Republican package,
Associated Press
May 04 2023
News
White House Rejects Kremlin Statement US "Undoubtedly" Behind Drone Attack On Kremlin
White House Rejects Kremlin Statement US "Undoubtedly" Behind Drone Attack On Kremlin The Kremlin issued a formal accusation against the United States for helping Ukraine conduct yesterday's 'assassination attempt' on President Vladimir Putin via drone strike. "Attempts to disown this, both in Kyiv and in Washington, are, of course, absolutely ridiculous. We know very well that decisions about
ZeroHedge
Apr 19 2023
News
Bipartisan House group unveils plan to avoid U.S. default
The bipartisan Problem Solvers Caucus on Wednesday released a proposal for avoiding a default on U.S. debt if the White House and congressional leadership fail to reach an agreement.
Why it matters: Congressional leaders have begun openly referencing the prospect of defaulting as House Republicans and the Biden administration dig into diametrically opposite positions.
Officials
Axios
May 29 2023
Analysis
What is in the US debt ceiling deal?
The bipartisan deal agreed by US president Joe Biden and Republican House Speaker Kevin McCarthy has one main purpose: to stop America from defaulting on its debt in early June, when the Treasury is projected to run out of cash to pay all its bills. Here are the key provisions of the fiscal pact as it heads to Congress for voting.
The legislation raises the US’s $31.4tn debt ceiling for
Financial Times
May 18 2023
News
SC House Passes Another 6-Week Abortion Ban; U.S. Appeals Court Hears Arguments in Abortion Pill Case
The South Carolina House of Representatives passed a six-week abortion ban. The bill now goes to the Senate. Earlier this year, the South Carolina Supreme Court struck down a previous six-week ban, but Republicans hope the new effort will be successful as the Supreme Court’s lone woman justice has since retired and was replaced with a right-wing male judge. Meanwhile, a federal appeals court
Democracy Now!
May 03 2023
News
U.S. House questions Nike and Adidas about possible ties to forced labor in China
U.S. lawmakers are probing Adidas, Nike, and Chinese-owned platforms Shein and Temu for possible links to China’s western Xinjiang region, where Chinese Communist Party officials have been accused of abusing the rights of Uyghurs and other Muslim minorities.
The prominent new U.S. House Select Committee on China sent letters to all four companies Tuesday, asking them to answer questions
Semafor
Apr 18 2023
News
US Housing Starts Decline, Dragged Down by Multifamily Units
US housing starts fell in March as a pullback in multifamily projects more than offset a pickup in construction of single-family homes.
Beginning home construction fell 0.8% to a 1.42 million annualized rate, according to government data released Tuesday. Multifamily starts dropped 5.9%, while single-family homebuilding increased 2.7% to a three-month high.
The rise in one-
Bloomberg
May 30 2023
News
Driver flees after crashing car into house
OTTAWA COUNTY, MI – A motorist fled the scene late Monday, May 29, after crashing into a house just east of Coopersville. No one in the house was injured. The crash was reported at 11:34 p.m. on Washington Street near Jackson Street in Ottawa County’s Wright Township, sheriff’s deputies said. Police said that the driver of a white Cadillac DeVille was going east on I-96 before taking exit 23.
MLive.com