Latest in Congress Expected
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How the CFPB Could Change Under a Republican Congress
Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and activities.The New York Times - Dec. 6 -
U.S. adds 227K jobs in November, beating expectations
Friday morning's jobs report from the Labor Department shows the U.S. beat expectations and added 227,000 jobs in November while unemployment ticked up slightly to 4.2%. CBS News MoneyWatch ...CBS News - Dec. 6 -
Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise 214,000 in November, according to the Dow Jones consensus forecast.CNBC - Dec. 6 -
A rebound is expected after the previous month’s disruptions.
The resolution of the Boeing strike, and recovery from storms in the Southeast, are predicted to produce a gain in monthly payroll data.The New York Times - Dec. 6 -
Burchett: DOGE will be 'waste of time' unless Congress acts
Rep. Tim Burchett (R-Tenn.) said the proposed “Department of Government Efficiency” (DOGE) will be a “waste of time” unless Congress acts on the “things that they're talking real big about.” “The ...The Hill - Dec. 6 -
Elon Musk and Vivek Ramaswamy’s DOGE Goes to Congress
The tycoons in charge of President-elect Donald J. Trump’s amorphous government efficiency initiative made the rounds on Capitol Hill, bashing debt but revealing little about how they will tackle it.The New York Times - Dec. 6 -
Dodgers' Freddie Freeman has ankle surgery, is expected to be ready for spring training
Freeman won World Series MVP while hampered with the ankle injuryCBS Sports - Dec. 6 -
What Can You Expect From Incoming SBA Chief Kelly Loeffler?
Assuming Loeffler’s nomination is confirmed by the Senate, many challenges await her at the Small Business Administration’s mast.Inc. - Dec. 5 -
There's an important jobs report coming Friday. Here's what to expect
The jobs report due out Friday could provide a clearer picture of where the labor market is headed.CNBC - Dec. 5 -
Jaylen expects to hear from NBA after throat-slash dunk celebration
Jaylen Brown admitted he got "caught up in the moment" after throwing down a massive dunk on Isaiah Stewart in Celtics-Pistons.Yahoo Sports - Dec. 5 -
Taiwanese President Lai reportedly has phone talks from Guam with US Congress leaders
Taiwan’s President Lai Ching-te has reportedly held phone calls with U.S. congressional leaders while visiting GuamABC News - Dec. 5 -
McCarthy: Gaetz wanted 'excuse to resign' from Congress
Former House Speaker Kevin McCarthy (R-Calif.) said Wednesday that ex-Rep. Matt Gaetz (R-Fla.) wanted an "excuse to resign" from Congress when he was nominated by President-elect Trump to be ...The Hill - Dec. 5 -
Congress's budget gimmicks: A history of failure
Congress has a long history of using gimmicks to reduce government spending and balance the budget, but these efforts have not been successful, as evidenced by the current budget situation.The Hill - Dec. 5 -
UK businesses expect lower margins and higher prices after Budget
Survey finds 54% of companies plan to raise prices in 2025 after national insurance increaseFinancial Times - Dec. 5 -
Morning Report — Congress braces for first 100 days
In today’s issue: As Republican lawmakers gear up for the 119th Congress, the House and Senate are bracing for differing challenges in the first 100 days of President-elect Trump’s administration. ...The Hill - Dec. 5 -
Trump’s Cabinet choices are disastrous. Why are so many Democrats in Congress quiet?
Trump's Cabinet picks are uniquely dangerous for the country — and many Democrats are acting like everything's normal.NBC News - Dec. 5 -
GOP greets DOGE with excitement but expects 'friction'
Capitol Hill Republicans are clamoring to get in on the "DOGE" action after President-elect Trump put Elon Musk and Vivek Ramaswamy in charge of his administration’s “Department of Government ...The Hill - Dec. 5 -
How 20 big U.S. stocks are expected to rank as ‘cash machines’ in 2025
Among the Magnificent Seven, Alphabet is expected to have the highest free cash flow yield.MarketWatch - Dec. 5 -
Lululemon’s Stock Has Rebounded. What to Expect From Earnings.
Investors are looking for evidence that the company’s product strategy and holiday momentum can drive a sustained recovery.Yahoo Sports - Dec. 5 -
Trump names Peter Navarro, jailed for contempt of Congress, trade adviser
President-elect says Navarro, his former White House trade adviser, will focus on tariffs. Donald Trump said he would name former White House trade adviser Peter Navarro as senior counselor for ...The Guardian - Dec. 4 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Ranking expected head coaching jobs based strictly on who's the QB
Suffice to say the Jets and Giants' jobs aren't attractive with no QB of the future on either roster. But even the Cowboys' job has a red flag with Dak's bloated contract.Yahoo Sports - Dec. 4 -
Trump taps Peter Navarro, convicted of contempt of Congress, as trade counselor
Peter Navarro served as a trade adviser in the first Trump administration, and was recently released from a four-month prison sentence for defying a congressional subpoena.CBS News - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
Expect the Next N.F.L. Draft to Be Polarizing. Except for One Player.
Travis Hunter can succeed as a wide receiver or as a cornerback at the pro level, a columnist for The Athletic writes.The New York Times - Dec. 4 -
What to Expect at Today’s DealBook Summit: Full Speaker Lineup
Sam Altman, Jerome Powell, Jeff Bezos, Bill Clinton, the podcaster Alex Cooper, Ken Griffin, Prince Harry, and Serena Williams are among the big names speaking.The New York Times - Dec. 4 -
Private payrolls grew by 146,000 in November, less than expected, ADP says
Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.CNBC - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
JetBlue Reports More Post-Election Travel Than Expected
JetBlue Airways raised its revenue guidance for the year after bookings in November and December were higher than anticipated immediately following the U.S. presidential election.The Wall Street Journal - Dec. 4 -
Rio Tinto Expects Pilbara Iron-Ore Shipments to Be Roughly Flat in 2025
The world’s second-biggest miner by value, expects annual iron ore shipments from its Australian operations to be little changed in 2025.The Wall Street Journal - Dec. 4 -
Goodell speaks to Congress about the security issue of drones on NFL game days, AP source says
A person with knowledge of the meeting says NFL Commissioner Roger Goodell has met with congressional leaders to speak to them about the ongoing security issue of drones on game daysABC News - Dec. 3 -
Thailand's prime minister expects fishermen seized by Myanmar to be repatriated soon
Thailand’s Prime Minister Paetongtarn Shinawatra says her government is negotiating with neighboring Myanmar for the return of four fishermen captured by Myanmar’s navy for trespassingABC News - Dec. 3 -
Congress faces shutdown dilemma that could mess with Trump's first 100 days
Congress faces a Dec. 20 deadline to avert a government shutdown and is expected to kick the funding fight til early 2025 when President-elect Donald Trump will be in office.NBC News - Dec. 3 -
Groups urge Congress to rein in federal bureaucracy after Supreme Court slashes agency authority
A coalition of 19 conservative and libertarian groups sent a letter to congressional leaders Wednesday urging them to act after a major Supreme Court decision clawing back federal agency power. The ...The Hill - Dec. 3 -
Democrats in Congress Criticize Biden’s Pardon of His Son Hunter
Lawmakers in the president’s own party, many of them moderates, said his decision to pardon his son was selfish and would further damage Americans’ waning faith in democracy and the rule of law.The New York Times - Dec. 2 -
‘It’s about consequences’: what can we expect from Wicked: Part Two?
The much-anticipated first part of the blockbuster musical adaptation has bewitched audiences worldwide, but there are dark times ahead in the sequel. Spoilers ahead Despite more than a year ...The Guardian - Dec. 2 -
Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2 -
Cyber Monday shoppers expected to set new records
Cyber Monday could mark the biggest day in sales for e-commerce this year. CBS News' Nancy Chen is tracking the consumer news as the holiday shopping season begins.CBS News - Dec. 2
