Elon Musk and the computer bro’s in his Department of Government Efficiency (DOGE) came into the government last January with a promise to cut federal spending by $2 trillion—almost a third of the entire federal budget.
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HOMEOWNERS RUSH TO REFINANCE AS MORTGAGE RATE TICKS DOWN
A decline of 0.3 of a percentage point brought the national average mortgage interest rate to 6.26 percent over the three weeks ending 17 September, the lowest rate since last November, according to the Mortgage Bankers Association (MBA).
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THE NUMBER OF LATE-PAYING CAR LOANS CONTINUES TO RISE
As wage increases lag inflation and unemployment ticks up, low-income households are having a harder time keeping up with their car payments.
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CONSUMERS OUTLOOK REMAINS DARK
Households’ negative view of the U.S. economy and its future remains grim, according to the initial October result of the University of Michigan’s monthly survey of consumer sentiment.
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WARNINGS MOUNT REGARDING A STOCK MARKET BUBBLE
The International Monetary Fund and Bank of England have joined Morgan Stanley and JPMorgan boss James Dimon in raising alarms about the growing possibility of a stock market bubble that could be close to bursting.
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U.S. JOB MARKET CONTINUES TO WEAKEN
Because of the federal government's shutdown, the Bureau of Labor Statistics (BLS) is unable to publish its initial U.S. jobs report for September.
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U.S. FACES CRITICISM IN UN OVER ITS ATTACKS ON ALLEGED DRUG BOATS IN CARIBBEAN
The UN Security Council held a meeting on Friday that focused on the ongoing U.S. attacks in the Caribbean on alleged drug boats that the Trump administration has tried to justify by identifying the victims as “narco-terrorists.”
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UNIPARTY: SENATE EASILY APPROVES $925B FOR NATIONAL DEFENSE
There may be domestic policy issues in Washington, but the one certainty is support for Israel and the backing of more funds to keep the military-industrial complex growing.
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PAKISTAN, AFGHANISTAN EXCHANGE DEADLY FIRE ALONG BORDER AS TENSIONS RISE
Violent clashes were reported along the Afghanistan-Pakistan 1,600-mile-long border on Saturday, resulting in the deaths of at least 23 Pakistani troops along with nine Afghan soldiers, raising fear in the region that there could be a wider clash between the countries.
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MICROPLASTICS ALTER STOMACH MICROBIOME, NEW STUDY SAYS
Microplastics can alter the microbiome inside the human stomach and result in increased risk for serious health outcomes for those exposed, a newly released study found.