The United States’ debt is set to skyrocket to $19 trillion over the decade
According to the Congressional Budget Office, the increasing cost of interest rates, retiree benefits, and military spending are expected to send the country’s debt to the moon by 2033.
Pressure on Tesla paid off: Supercharger network expansion to move forward
The electric vehicle automaker’s electric charging infrastructure will be expanding to include other electric vehicle models by the end of 2024.
US Secretary of Defense signals NATO is looking to step up its logistics practices
NATO (North Atlantic Treaty Organization) is an intergovernmental military alliance comprising 30 member countries from North America and Europe.
The Chinese spy balloon debacle is escalating into supply chain politics
After the U.S. shot down a Chinese-originated spy balloon that was initially caught floating somewhere in the sky above Montana, the politics of the supply chain have been brought into question.
U.S.-imposed vaccine mandate continues to block unvaccinated truck drivers from crossing the Canada-U.S. border
Despite the formal public health emergency in the U.S. scheduled to end May 11th, the vaccine mandate remains tightly in place at the 49th parallel.
A world once fighting over oil… is now fighting over metals
There is a global battle over precious metals such as lithium, cobalt, nickel, and copper because they are critical components used in the manufacturing of batteries for electric vehicles, renewable energy systems, and electronic devices.
Shein is in hot water with U.S. Senators over cotton sourced from China’s Xinjiang region
The massive retailer is being questioned by Democratic Sens. Bill Cassidy, Elizabeth Warren, and Sheldon Whitehouse in a letter over the company’s involvement with cotton sourced from China’s Xinjiang Uygur Autonomous Region.
El Salvador, Guatemala, and Honduras win $300 million investment in Target infrastructure
The massive retailer is expanding its relationship with vendors in Central America as part of Vice President Kamala Harris’ “Call to Action for Northern Central America”.
Southwest COO says, “we’re sorry”, to the Senate
After being called to a Senate panel on Thursday, Chief Operations Officer for Southwest Airlines Andrew Watterson apologized to Congress for the holiday issues that stranded passengers across the United States.
Gallup poll results say half the country feels financially crippled
The worst poll results since 2009, most Americans are feeling “worse off” now than they were last year - an even greater number, 61%, of those who make less than $40,000 are financially stressed.
President Biden’s State of the Union Address drew praise and criticism, as expected
February 7, 2023, Biden delivered his second State of the Union address to the country. Highlighted were an extremely divided Congress and the reminder that Biden’s approval rating has plummeted during his time in office.
The Fed warns that inflation is a battle Americans will face for quite some time
Federal Reserve Chair Jerome Powell claims that the strong job market has made The Federal Reserve’s efforts to stifle inflation difficult, even after many rounds of interest rate hikes.
Despite a pro-union White House administration, unionization rates have declined
According to the Bureau of Labor Statistics, overall US union membership dropped by .2% in 2022, falling from 10.3% in 2021.
European Unions risks transatlantic trade war over clean technology laws
The Biden Administration’s $500 billion legislation encouraging new spending in the domestic green energy industries may be the final straw for the EU, which unveiled its Green Deal Industrial plan in response.
Is DOT Secretary Pete Buttigieg looking at other political gigs?
While some have speculated that Buttigieg would be aiming for a Senate seat in Michigan, he himself has stated he doesn’t plan on leaving the Biden Administration’s DOT anytime soon.
President Biden points to January’s employment report as proof of economic strength
The GOP is pushing back, stating that rampant inflation and prices of household staples like gasoline and groceries are crippling the country.
DOT Secretary Buttigieg isn’t going anywhere anytime soon, he says
While some have voiced suspicions that the US Department of Transportation Pete Buttigieg may run for Senate in Michigan, the secretary himself is vocalizing his intention to remain in the Biden Administration
The White House to celebrate the 30th anniversary of the Family and Medical Leave Act
President Joe Biden and former President Bill Clinton will unite at an event this week to spotlight the famous piece of legislation that guaranteed qualified American workers up to 12 weeks of unpaid time off.
Baltimore’s rail tunnel gets a presidential visit
President Joe Biden was a regular on the Amtrak train from Delaware to Washington D.C. when he served as a U.S. senator.
DOT announces $384.4 million federal funding grant for ferries
And no, not the kind with wings.