The Congressional Ethics Committee has concluded investigations into multiple representatives accused of misusing campaign funds, stating that while there were violations, they were not intentional. The committee acknowledged that existing guidance on campaign spending was often ambiguous and lacked clarity, and therefore, new guidance on the personal use of campaign funds and recordkeeping requirements will be released.
As Illinois lawmakers prepare for the start of the 2024 legislative session on January 4, all eyes are on the potential for new gun control measures to be passed during the lame duck session. This session follows the contentious decisions made in early January 2023, when legislators approved a ban on certain semi-automatic firearms and magazines, a measure that remains under legal challenge.
American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.
Costco has urged its shareholders to vote against efforts to reduce diversity, equity, and inclusion (DEI) commitments. The move comes as Costco received a proposal about eliminating the policies.
Sen. Eric Schmitt (R-MO) criticized the H-1B visa program during an appearance on Fox News Sunday, arguing that its misuse has harmed American workers and disrupted the economy. Schmitt highlighted the challenges faced by U.S. workers, particularly those impacted by outsourcing and wage competition.
Jimmy Carter, the 39th president of the United States and Nobel Peace Prize laureate, passed away at 100 years old on December 29, 2024, in his hometown of Plains, Georgia.
