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Jennings on $5K dividend: 'I don‘t know that that is the right idea'
Right-wing commentator Scott Jennings expressed ambivalence Wednesday about President Trump’s offer to give $5,000 to American adults if Republicans win this year’s midterms. “I don't know that that is the right idea here,” Jennings told CNN’s Kaitlan Collins on "The Source," talking about the proposal. “What the right idea is, is growth, which we have,...
Most in DC area say they've been hurt by federal job cuts, furloughs: Gallup
A majority of residents in the Washington, D.C., area have been negatively impacted by the Trump administration’s federal job cuts, according to a new survey. More than half, 55 percent, of 2,801 residents in D.C. and nearby suburbs said their household was negatively affected by the reduction in the federal workforce in the past year,...
Benchmark mortgage rate tops 7 percent, highest in 2 years
The average 30-year mortgage rate has surpassed 7 percent, marking the first time it has done so since January 2025. The benchmark 30-year fixed mortgage rate is 7.03 percent this week, up from 6.95 percent last week, according to data from Freddie Mac. It marks the fifth consecutive weekly rise in mortgage rates, and the...
New York accuses Polymarket of running illegal gambling operation in new lawsuit
New York sued Polymarket on Thursday, accusing the prediction market platform of running an illegal gambling operation. It marks the latest lawsuit from the Empire State, which has levied similar allegations against Kalshi, Coinbase and Gemini in recent months. “I will always stand up for New Yorkers when bad corporate actors prey on consumers and...
Flock Safety touts platform changes ahead of Senate hearing
Flock Safety outlined a series of policy changes to its controversial database of automated license plate readers (ALPRs) as Washington mounts pressure on the company to prevent misuse of the technology. The letter from Flock's chief legal officer, Dan Haley, was sent earlier this month to Sen. Josh Hawley (R-Mo.), who is spearheading an investigation...
Xi comes bearing gifts: 2 giant pandas and 100,000 student visas
Chinese President Xi Jinping announced at the White House on Thursday he was gifting the U.S. with two giant pandas and invitations for 100,000 U.S. students to study in China. “The giant panda has been an envoy of friendship between the Chinese and the Americans,” Xi said, speaking alongside President Trump and other officials from...
Lawmakers seek bipartisan path on paid leave, newborn tax credits
Republicans and Democrats argued Thursday that Congress still has work to do to support American families, pointing to expanded paid family leave access, tax credits for newborn children and other policies aimed at easing financial pressures on parents. The discussion, labeled the “Future of Supporting American Families,” was sponsored by the American Policy Ventures Foundation...
30-year bond yield now highest in 20+ years
The 30-year U.S. Treasury bond yield hit a two-decade high on Thursday, before falling later in the morning. The yield on the 30-year bond was 5.49 percent during late afternoon trading, the highest intraday mark since 2004. The 30-year bond yield has risen throughout the Iran war, after closing at 4.63 percent the day before...
Albanese says OpenAI agent hacked Australian health department site
Australian Prime Minister Anthony Albanese on Thursday said he spoke with OpenAI CEO Sam Altman about an agent at the company breaching the commonwealth's health department website in June. Albanese told reporters in New York City, on the sidelines of the United Nations General Assembly, that the agent gained access to the Medicare Statistics Reporting...
China trade deal extended through January, Bessent says, as Xi arrives for Trump meeting
Treasury Secretary Scott Bessent said Wednesday that U.S. and Chinese officials agreed to extend their trade truce by two months, after Chinese President Xi Jinping arrived in the U.S. for a summit with President Trump. “We have agreed today that we will extend … the détente, economic détente between the two countries that was scheduled...