News from October 2023
By Federal Newswire | Oct 10, 2023
FTX customers are unlikely to get all of their money back, according to an analysis conducted by the Wall Street Journal. The cryptocurrency exchange, which collapsed last November, left billions of dollars missing, and only approximately half has been recovered so far. Customers reportedly had approximately $16 billion in funds on FTX prior to its collapse, and the new management has recovered $7.3 billion that can be put towards paying customers back. However, the analysis found that FTX insiders spent the other $7.7 billion.
By Federal Newswire Report | Oct 10, 2023
A recent study conducted by the Peterson Institute for International Economics (PIIE) finds that although there is a possibility that the rate of economic expansion around the world could slow down significantly, a recession is not currently anticipated to occur.
By Federal Newswire Editorial Board | Oct 9, 2023
The Hamas attacks on Israel this weekend caught the world’s attention, which seems to have been the point. The Iranian proxy army sent thousands of rockets into Israel as fighters crossed the border from Gaza on boats and motorcycles. The violence was especially extreme, as if to invite a larger-than normal Israeli response.
By Federal Newswire | Oct 9, 2023
Representative Mike Gallagher, Chairman of the Select Committee on the Chinese Communist Party (CCP), has expressed concerns about computer manufacturer Lenovo and its potential implications for national security. Lenovo, a brand associated with Chinese affiliations and influence tied to the CCP, has raised alarms within the committee.
By Federal Newswire | Oct 9, 2023
The U.S. Department of Energy (DOE) has allocated $5.2 million from the Industrial Assessment Centers (IAC) Implementation Grants initiative to support cleaner manufacturing processes in small- and medium-sized manufacturers (SMMs) across the country. The funding aims to enhance facilities, promote energy savings, and reduce greenhouse gas emissions. This announcement is part of the Biden-Harris Administration's efforts to revitalize American manufacturing, create jobs, and work towards a net-zero economy by 2050.
By Peter McGinnis | Oct 9, 2023
The Biden administration, it seems, has restarted construction of the border wall President Biden maintains doesn’t work. Better late than never. But chances are the crisis at the Southern Border is already worse than it appears.
By Federal Newswire | Oct 9, 2023
The U.S. Fish and Wildlife Service has announced a plan to establish a massive 5.8 million-acre conservation area in Southwest Montana, covering 9,000 square miles. This proposal, part of President Biden's 30x30 plan to conserve 30% of U.S. lands and waters by 2030, includes a mix of government-owned and private land and is centered around the Red Rock Lakes National Wildlife Refuge.
By Federal Newswire Report | Oct 9, 2023
Bianca Riddle a resident of Gloucester, and Connex Family Services, LLC, a Warrenton-based company, have agreed to pay $918,000 to settle a civil fraud claim that Connex and Riddle submitted or authorized the submission of false claims to TRICARE and Medicaid.
By Federal Newswire Report | Oct 9, 2023
A private equity investor and former senior Staples executive was sentenced in federal court in Boston for making false claims that payments he made to the University of Southern California were tax-deductible as a business expense and a charitable contribution
By Federal Newswire Report | Oct 9, 2023
The CVI aims to provide a clearer understanding of which communities are under threat from escalating climate-related risks.
By Federal Newswire Report | Oct 9, 2023
Chief Economist Cryan delved deep into the nuances of milk pricing
By Federal Newswire Report | Oct 9, 2023
The committee passed both the Bipartisan HSA Improvement Act of 2023 and the HSA Modernization Act of 2023 with the primary goal of expanding eligibility and enhancing the functionality of HSAs
By Kate Sarmiento | Oct 9, 2023
As the nation mourns Senator Feinstein, a trailblazing leader whose half-century of service championed women's rights and bipartisan solutions the NWLC vows to uphold her enduring legacy.
By Federal Newswire Report | Oct 9, 2023
The U.S. Department of Energy's Office of Environmental Management (EM) recently disclosed that EM crews have successfully extracted over 1 million gallons of water from the basement of the Beta-1 building at the Y-12 National Security Complex in Oak Ridge.
By Federal Newswire | Oct 8, 2023
Illinois Governor JB Pritzker has sent a letter to President Joe Biden urging federal intervention to address the increasing numbers of asylum seekers arriving in the state. In the letter dated October 2, Governor Pritzker emphasized the need for federal support in dealing with the humanitarian crisis that is currently being shouldered by state and local governments without assistance.
By Federal Newswire | Oct 8, 2023
The United States has announced that it will resume the deportation of Venezuelan nationals who enter the country illegally and fail to establish a legal basis to remain. The decision was made in an effort to enforce immigration laws and strengthen consequences for those who unlawfully cross the border. The announcement was made on October 5, 2023.
By Federal Newswire | Oct 8, 2023
Over 50,000 migrants have been transported to sanctuary cities across the United States as part of Operation Lone Star, a new initiative to tighten border security in Texas. The operation, announced by Governor Greg Abbott on October 6, 2023, aims to combat what Abbott labels as gaps caused by the Biden Administration's stance on border security.
By Federal Newswire | Oct 8, 2023
Representative Alexandria Ocasio-Cortez of New York's 14th District has expressed her concerns and criticism regarding the Biden Administration's decision to accelerate the construction of certain portions of the border wall. In a strongly worded statement, Ocasio-Cortez stated, "The Biden administration was not required to waive several environmental laws to expedite the building of the border wall. The President needs to take responsibility for this decision and reverse course."
By Federal Newswire | Oct 8, 2023
Justice Department unveils indictments against Chinese firms linked to fentanyl crisis
By Federal Newswire | Oct 7, 2023
A new report from the National Federation of Independent Business (NFIB) reveals that small businesses are struggling to fill job openings despite a surge in job opportunities. The report, called the NFIB Jobs Report, highlights the ongoing challenge faced by small business owners in recruiting and retaining qualified employees.
