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October 18, 2021

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Social Security recipients get 5.9% increase, but rising prices will offset the boost

CNN
USA TODAY – For more and to sign up click here The spike will boost retirees’ monthly payments by $92 to an estimated average of $1,657 for 2022. “This would be the highest COLA that most beneficiaries living today have ever seen,” said Mary Johnson, Social Security and Medicare policy......

House approves debt limit increase that will last through part of December, sends bill to Biden

CNBC
CNBC – For more and to sign up click here U.S. House Speaker Nancy Pelosi (D-CA) speaks to reporters during her weekly news conference on Capitol Hill in Washington, September 23, 2021. Elizabeth Frantz | Reuters The House of Representatives on Tuesday approved legislation to raise the U.S. debt limit,......

Defense Department warns climate change will increase conflicts over water and food

CNBC
CNBC – For more and to sign up click here Troops from three California National Guard companies search through a fire-devastated neighborhood on October 14, 2017 in Santa Rosa, California. David McNew | Getty Images Climate change poses a serious threat to U.S. military operations and will lead to new......

New COVID-19 vaccinations accelerated for first time in months, amid increase in vaccine mandates

CBS News
CBS News – For more and to sign up click here Americans are getting their COVID-19 vaccinations at a higher rate, according to newly updated figures from the Centers for Disease Control and Prevention. The seven-day moving average pace of first doses accelerated for the first time in months, climbing......

Senate passes short-term increase to the debt limit, House to vote on it next

CNBC
CNBC – For more and to sign up click here Senate Majority Leader Chuck Schumer, a Democrat from New York, speaks during a press conference at the U.S. Capitol in Washington, D.C., on Saturday, March 6, 2021. Ting Shen | Bloomberg | Getty Images The Senate on Thursday approved a......

U.S. Senate rushes to advance $480 billion debt limit increase

Reuters
WASHINGTON, Oct 7 (Reuters) – The U.S. Senate on Thursday took a step toward passing a $480 billion increase in Treasury Department borrowing authority, a move that would avert a catastrophic debt default later this month but set up another partisan showdown in early December. Democratic Senate Majority Leader Chuck......

Senate Leaders Agree to Vote on Short-Term Debt Ceiling Increase

New York Times
WASHINGTON — Top Senate Democrats and Republicans said on Thursday that they had struck a deal to allow the debt ceiling to be raised through early December, temporarily staving off the threat of a first-ever default on the national debt after the G.O.P. agreed to temporarily drop its blockade of......

Lawmakers have a deal on a short-term debt ceiling increase, Senate Majority Leader Schumer says

CNBC
CNBC – For more and to sign up click here Senate Minority Leader Charles Schumer (D-NY) (L) and Senate Majority Leader Mitch McConnell (R-KY) walk side-by-side to the Senate Chamber at the U.S. Capitol February 7, 2018 in Washington, DC. Chip Somodevilla | Getty Images Senate Majority Leader Chuck Schumer......

The White House said it will spend $1 billion to increase the supply of rapid at-home tests.

New York Times
New York Times – For more and to sign up click here The White House on Wednesday announced a billion-dollar investment in at-home rapid coronavirus tests that it said would help quadruple their availability by later this year. By December, 200 million rapid tests will be available to Americans each......

PepsiCo warns of another price increase as supply disruptions linger

Reuters
Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni Oct 5 (Reuters) – PepsiCo Inc (PEP.O) said on Tuesday it would likely raise prices again early next year, as it looks to overcome ever increasing supply-chain challenges that include everything from......

Biden Accuses Republicans of Being ‘Reckless’ Over Debt Limit Increase

New York Times
WASHINGTON — President Biden excoriated Republicans on Monday for blocking his party’s efforts to raise the debt ceiling weeks before a projected government default, calling their tactics “reckless” and “disgraceful” and warning they risked causing “a self-inflicted wound that takes our economy over a cliff.” Mr. Biden, trying to convey......

Biden says Republicans are being ‘reckless’ over the debt limit increase.

New York Times
President Biden urged congressional leaders to raise the debt ceiling on Monday, excoriating Republicans for what he said was “reckless” and “disgraceful” obstruction ahead of a default deadline later this month that he warned would amount to “a self-inflicted wound that takes our economy over a cliff.” Mr. Biden, trying......

OPEC meets on output increase as oil prices rally

Reuters
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo LONDON, Oct 3 (Reuters) – OPEC and its allies meet on Monday to debate how much oil to release into the......

England’s Premier League offers to ‘reward’ soccer teams that increase vaccine compliance.

New York Times
Tariq Panja Concerned that a significant number of its players remained unvaccinated, the Premier League, the top league in English soccer, is offering its 20 clubs an unspecified “reward” for getting more of their rosters immunized. The proposal was set out in a letter sent to the teams last week,......

Cardiac Cardinals rally, increase win streak to 16

ESPN
CHICAGO — Paul Goldschmidt and Harrison Bader homered and the St. Louis Cardinals outlasted the Chicago Cubs 4-2 on Sunday, posting their 16th consecutive victory. The streak is the longest in franchise history and has turned the National League wild-card race into a non-story in September. Though the Cardinals haven’t......

Covid vaccines don’t increase risk of miscarriage or birth defects, CDC says

CNBC
CNBC – For more and to sign up click here A pregnant woman receives a vaccine for the coronavirus disease (COVID-19) at Skippack Pharmacy in Schwenksville, Pennsylvania, U.S., February 11, 2021. Hannah Beier | Reuters Vaccinating against Covid does not increase the risk of miscarriage or birth defects, officials from......

House Passes Spending Bill and Debt Limit Increase Over G.O.P. Opposition

New York Times
WASHINGTON — The House on Tuesday approved legislation to keep the government funded through early December, lift the limit on federal borrowing through the end of 2022 and provide emergency money for Afghan refugees and natural disaster recovery, setting up a fiscal showdown as Republicans warn they will block the......

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