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News & Articles By Cassie B.
06/14/2023
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By Cassie B.
U.S. budget deficit climbs in May amid big government spending and falling revenue
Government income has dropped this year, pushing the federal deficit deeper into the red than expected. New data shows the budget deficit climbed in May against a backdrop of falling federal revenues and rising Medicare spending. The Monthly Treasury Statement showed a May shortfall of $240 billion, which is a full $66 billion over last […]
06/13/2023
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By Cassie B.
U.S. announces a further $2.1 billion in military assistance for Ukraine, bringing overall total to $40 billion
The Pentagon has announced that it will be sending a further $2.1 billion in aid to help Ukraine defend itself as fighting rages on. The new package is largely aimed at helping Ukraine bolster its air defenses and ammunition stockpiles as it ramps up a counteroffensive against Russia. Ukraine is expected to face a significant […]
05/23/2023
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By Cassie B.
DRAG MONEY: Crime-riddled San Francisco appoints nation’s first “drag laureate,” pays him $55,000 for celebrating drag culture
The city of San Francisco has announced that it has appointed its first-ever “drag laureate.” The ambassadorial position was awarded to D’Arcy Drollinger, who will be responsible for celebrating and preserving drag culture in the city. Drollinger expects to be in drag regularly as part of the role, noting: “I’m going to be in drag […]
04/21/2023
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By Cassie B.
Survey shows nearly 7 in 10 adults have a negative view of the US economy
A new survey reveals that Americans’ confidence in the economy has hit an all-time low as the economic policies enacted by the Biden administration continue to take their toll. The All-America Economic Survey from CNBC was released this week, and it showed that Americans are feeling more pessimistic when it comes to the economy right […]
04/12/2023
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By Cassie B.
19 Terrorists who entered UK on migrant boats now living in hotels funded by British taxpayers
Nineteen suspected terrorists recently arrived in the UK on small boats across the Dover Strait and are now living in migrant hotels that are being funded by British taxpayers. According to the Daily Mail, the foreign nationals made their way into the UK illegally last year from northern France and are linked to a range […]
04/05/2023
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By Cassie B.
Social security expected to run out of money by 2033, a year earlier than previous predictions
The Social Security trust funds that pay for the benefits of 67 million Americans are now expected to run out in 2033, a year earlier than previous projections. This is according to the yearly trustees’ report released last week by the Treasury Department. The impending insolvency is largely due to a 3 percent downward revision […]
12/30/2022
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By Cassie B.
Cryptocurrency firm Midas Investments closes platform following losses in wake of FTX collapse
The crypto firm Midas Investments, which was focused on DeFi yields, will be closing down its platform in the wake of considerable losses it experienced throughout the year. The news was announced by the investment firm’s CEO and founder, Trevor Levin, in a blog post. He noted that Midas’s DeFi portfolio sustained $50 million in […]
11/17/2022
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By Cassie B.
Amazon to fire 10,000 employees in biggest layoff in company’s history
Amazon plans to fire around 10,000 employees in corporate technology roles in what may be one of the biggest layoffs in the company’s history as mass firings throughout the tech industry continue to add up. Insiders who have direct knowledge of the planned job cuts say they will be focused on its retail division, human […]
08/05/2022
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By Cassie B.
More Americans are living paycheck to paycheck as inflation persists
A recent report shows that almost two thirds of Americans are now living paycheck to paycheck, with even the nation’s top earners being stretched thin thanks to rising inflation and increased costs. The new LendingClub report found that as of June, 61 percent of Americans are now living paycheck to paycheck, up from the 58 […]
08/03/2022
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By Cassie B.
Home prices dropped at a record pace in June amid rising inflation and mortgage rates
Home prices are cooling in the U.S. thanks to a sharp drop in housing demand in June spurred by rising inflation and mortgage rates. Although home prices remain higher than they were one year ago, gains slowed down at the fastest pace seen since this metric was first recorded in the 1970s. The ongoing imbalance […]
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