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New bill introduced in Congress could lower workweek to 32 hours

New bill introduced in Congress could lower workweek to 32 hours

Sen. Bernie Sanders and Rep. Mark Takano introduced a new bill aiming to shorten the standard workweek from 40 to 32 hours. Here's how it would work.
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President Trump Renews Threat of Tariffs on Taiwan-Made Chips, Proposes $5,000 Election-Year Dividend

President Trump Renews Threat of Tariffs on Taiwan-Made Chips, Proposes $5,000 Election-Year Dividend

During a campaign rally in Dallas on September 9, President Trump reiterated his intention to impose substantial tariffs on semiconductor chips manufactured in Taiwan. He suggested potential tariff rates of 50%, 100%, or 200%. Concurrently, President Trump also proposed an election-year dividend of $5,000 for every adult U.S. citizen, contingent on Republicans securing control of both chambers of Congress in the upcoming November midterms. This proposed dividend, estimated to cost $1.35 trillion across the approximately 270 million adult U.S. population, would require recipients to spend the funds domestically. In response, Taiwan’s Executive Yuan stated that a January memorandum of understanding (MOU) securing Section 232 semiconductor tariff relief remains in effect, indicating ongoing discussions regarding specific semiconductor exemptions.
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Inflation picked up last month as gas prices jumped in wake of Iran war

Inflation picked up last month as gas prices jumped in wake of Iran war

U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near
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U.S. Representative Val Hoyle Co-Sponsors Legislation to Increase Social Security Benefits and Tax High-Income Earners

U.S. Representative Val Hoyle Co-Sponsors Legislation to Increase Social Security Benefits and Tax High-Income Earners

U.S. Representative Val Hoyle, alongside Senator Bernie Sanders, has introduced legislation aimed at increasing Social Security benefits by $2,400 annually. This proposal seeks to strengthen the program's finances by subjecting additional high-income earnings and certain investment income to Social Security taxes. The legislation also includes a change to the annual cost-of-living adjustment (COLA), proposing the use of an inflation measure designed to better reflect the expenses faced by older Americans. This initiative comes as the 2026 Social Security Trustees Report projects that the Old-Age and Survivors Insurance Trust Fund will be depleted by the fourth quarter of 2032, at which point ongoing income would only cover about 78% of scheduled benefits. The proposed changes are part of broader discussions in Congress regarding the long-term solvency of Social Security.
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US consumer inflation picks up in August

US consumer inflation picks up in August

By Lucia Mutikani WASHINGTON, Sept 11 (Reuters) - U.S. consumer prices accelerated in August as the cost of gasoline rebounded after two straight monthly declines, bolstering financial market expectations that the Federal Reserve could raise interest rates next week.
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President Trump Outlines Two Paths for America in Midterms: Prosperity or Regression

President Trump Outlines Two Paths for America in Midterms: Prosperity or Regression

During his keynote address at the Republican National Convention (RNC) in Dallas, President Trump presented two distinct futures for America depending on the outcome of the upcoming midterm elections. He asserted that continued prosperity for the nation hinges on Republicans maintaining majorities in Congress. Conversely, he warned of regression if Democrats were to gain power. The event, held at the American Airlines Center, marked a departure from historical norms, as presidential conventions are typically reserved for election years when candidates are formally nominated. The address was preceded by Lee Greenwood's performance of 'God Bless the USA' as President Trump took the stage on the first night of this unique midterm RNC.
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U.S. Chamber of Commerce Urges Congress to Strengthen EXIM Bank to Boost American Exports

U.S. Chamber of Commerce Urges Congress to Strengthen EXIM Bank to Boost American Exports

U.S. Chamber of Commerce Urges Congress to Strengthen EXIM Bank to Boost American Exports
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Trump's $5,000 dividend plan draws some Republican skepticism

Trump's $5,000 dividend plan draws some Republican skepticism

By Jacob Bogage WASHINGTON, Sept 10 (Reuters) - President Donald Trump's promise to send U.S. adults $5,000 "dividend" checks if his party keeps control of Congress in November's midterm elections drew a cool reception from some Republicans on Thursday, with several lawmakers saying it would spike
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Trump's $5K payout plan faces a maze of obstacles among Republicans in Congress

Trump's $5K payout plan faces a maze of obstacles among Republicans in Congress

Fiscal conservatives were divided on the merits of the idea, which President Trump abruptly floated in a speech.
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Trump, hoping to salvage midterms, makes dubious pledge to give every US adult $5,000 if GOP wins

Trump, hoping to salvage midterms, makes dubious pledge to give every US adult $5,000 if GOP wins

President Donald Trump says he plans to give every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections
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Five big takeaways from Trump's midterm convention

Five big takeaways from Trump's midterm convention

By Tim Reid Sept 10 (Reuters) - President Donald Trump and his Republican Party wrapped up an unusual convention in Dallas on Thursday hoping to strengthen their midterm election prospects, gambling that a high-profile show of party unity will energize supporters and help Republicans defy historical