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National debt tops $40 trillion after doubling in less than a decade, Treasury data shows

The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs.   The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has…

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Powerful storms and suspected tornadoes slam Midwest, leaving nearly 1 million without power

Severe weather cut power to nearly 1 million customers in the Midwest as perilous thunderstorms and extreme wind gusts pummeled the region Tuesday. Tornado warning sirens howled as the skies darkened. All flights were temporarily stopped at Chicago’s two major airports, and officials warned of delays as the backlog was cleared. According to the flight…

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Warren presses U.S. companies to share billions in tariff refunds with customers

Sen. Elizabeth Warren is pressing companies entitled to refunds for illegal U.S. tariffs to return the money they are recouping directly to consumers.  Warren, a Democrat from Massachusetts, on Friday sent letters to Apple, Amazon, Energizer, Motorola, Nike, Target and Walmart seeking information about the size of the refunds they are receiving for import duties…

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Michigan Democrats choose between Abdul El-Sayed and Haley Stevens, and more races to watch today

Voters are going to the polls in five states, including Michigan, where Democrats are watching the expensive and contentious Senate primary contest between populist Abdul El-Sayed and moderate Rep. Haley Stevens. They’re running for retiring Democratic Sen. Gary Peters’ seat, which is among a handful that Democrats must hold in order to have any chance…

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