#All you need to know about Speaker Mike Johnson

#All you need to know about Speaker Mike Johnson

The nation is scrambling to learn more about Speaker Mike Johnson (R-La.) since House Republicans catapulted him to national prominence Wednesday with his election to an office two heartbeats from the presidency. The conservative is a bit of an enigma, even to fellow lawmakers. Sen. John Barrasso (R-Wyo.), the No. 3 Republican, said he didn’t…

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#5 challenges facing new Speaker Mike Johnson

#5 challenges facing new Speaker Mike Johnson

There is, finally, a Speaker. Rep. Mike Johnson (R-La.) ascended to the role Wednesday, three weeks and one day after eight GOP House members ignited chaos by ousting Rep. Kevin McCarthy (R-Calif.). Johnson got the unanimous support of his colleagues on the House floor, an achievement that proved impossible for Majority Leader Steve Scalise (R-La.),…

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#UAW, Ford reach tentative labor agreement

#UAW, Ford reach tentative labor agreement

United Auto Workers (UAW) and Ford reached a tentative labor agreement Wednesday, the union announced, ending six weeks of strikes at the company. The four-year, tentative deal includes a 25 percent wage increase over the course of the contract, with 11 percent coming in the first year. Cost of living increases could lift the pay…

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#Legendary investor sees recession by year end

#Legendary investor sees recession by year end

Bill Gross, the co-founder of Pacific Investment Management Co. (PIMCO), predicted that the United States will be in a recession by the fourth quarter. Gross said that he will buy futures that are connected to the Secured Overnight Financing Rate (SOFR). The Federal Reserve of New York defines the SOFR as “a broad measure of the cost…

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