The Dow Jones Industrial Average soared nearly 1,600 points, or 3%, on Wednesday, its biggest gain of the year, as investors digested the impact of the Democrats’ sweeping victories in the midterm congressional elections. Other indexes also jumped, with the broader S&P 500 climbing 120 points, or 1.6%, to close at 7,689 and the tech-heavy Nasdaq…
Washington — Democrats will capture enough House seats to retake control of the chamber early next year, CBS News projects, effectively halting President Trump’s legislative agenda and teeing up a wave of investigations into his administration and business ventures during his final two years in the White House. Economic discontent over the cost of living…
Democratic congressional members and candidates are already planning to use any midterm election gains to expand health coverage, including boosting Affordable Care Act subsidies, reversing Medicaid cuts, and lowering the Medicare eligibility age. But Democratic strongholds across the country — including Oregon, California, New York, and Washington — have more ambitious goals: single-payer, universal healthcare…
The U.S. economy has remained resilient over the past two years despite a slowing labor market, trade wars and resurgent inflation, but economists are now warning that a convergence of new and lingering threats could test its strength. The “worry list is growing more worrisome,” Ed Yardeni, president and chief investment strategist of Yardeni Research,…
Washington — The Senate Judiciary Committee on Tuesday advanced Todd Blanche’s nomination for attorney general to the Senate floor, clearing a key hurdle for President Trump’s pick to lead the Justice Department. The GOP-led panel voted 12-10 along party lines to advance Blanche’s nomination. The acting attorney general overcame skepticism from Republican Sens. John Cornyn…
Washington — GOP Sens. John Cornyn of Texas and Thom Tillis of North Carolina formally announced their support on Monday for Todd Blanche’s nomination for attorney general after reaching a long-sought agreement to end the controversial “anti-weaponization” fund and clarify the scope of a sweeping deal for tax immunity. “We are pleased that the Department…
