Social Security has become a predictable talking point for Democrats heading into the midterms, but some Republicans have also been surprisingly eager to engage on the hot-button topic. While many GOP leaders have tried to stay mum on the so-called “third rail of American politics,” other Republican figures have waded in. The latest example came this week from Rep. Buddy Carter (R-GA), who’s running to be the top Republican on the House Budget Committee next year. In an interview with… Source link
Read More »A rail strike could result in an economic shock. What will Biden do?
There could be a major blow to the U.S. economy coming down the line: Freight railroads are preparing for possible strikes as a years-long labor dispute sits at an impasse ahead of a key Friday night deadline. A strike would not only add to the nation’s supply chain woes, but throw a monkey wrench into President Biden’s plan to tout the nation’s economic progress as midterm elections approach. On one side are freight companies like Union Pacific (UNP), CSX (CSX), and BNSF Railway, owned by… Source link
Read More »Pelosi’s Taiwan trip shows US and China aren’t ready to fight over ‘third rail’ of chips
The entire semiconductor industry seemed to be holding its breath as Nancy Pelosi’s plane made its final approach to Taipei this week. Some in the sector now appear to be exhaling. The dramatic slate of responses from China to the House Speaker’s visit has notably sidestepped the chip issue — signaling that both the U.S. and China hope to keep Taiwan’s valuable semiconductor factories humming no matter what else happens in the coming weeks and months. “I think both the U.S. and China are… Source link
Read More »