Author: Hayden Doyle

It’s growing more likely that the US could default on its debt as soon as early June if Congress doesn’t act, according to a trio of new analyses. That’s because tax receipts are running much weaker than expected so far this season. The Treasury Department is counting on that infusion of funds, along with several “extraordinary measures,” to continue paying the federal government’s bills in full and on time until lawmakers raise or suspend the debt ceiling. An accelerated timetable would mean that President Joe Biden and House Republican lawmakers would have to quickly ramp up their debt ceiling discussions…

WASHINGTON, Pa. (WCMH) — A man faces charges in two states after being found in western Pennsylvania with two abducted children from Zanesville, whose disappearances prompted a statewide Amber Alert Thursday evening. According to Zanesville police, someone identified a 2008 Chevrolet Suburban driving near Washington, Pennsylvania, about 7:55 p.m., some 100 miles from Zanesville. Pennsylvania State Police found and stopped the vehicle, where they discovered the missing 1-year-old and 3-year-old. Thomas Pritchard, 46, of Zanesville, was taken into custody and later interviewed by Zanesville detectives. He is held in Washington County Jail in Pennsylvania without bail and has been charged in both…

Federal Aviation Administration acting Administrator Billy Nolen told a Senate panel Wednesday that new procedures will avoid a repeat of events that caused an outage and prompted it to halt departing air traffic last month for the first time since the Sept. 11, 2001, terrorist attacks. The Senate Commerce Committee hearing comes amid growing safety concerns about aviation safety after several close calls involving major U.S. airlines. Nolen said in a memo on Tuesday that he is starting a safety review team and called a meeting of commercial and general aviation leaders next month. Wednesday’s panel centers on an outage on Jan. 11 of the Notice to…

In 2021, expenditures by U.S. natural gas consumers totaled $192 billion, a 37% increase from 2020 after adjusting for inflation, according to our State Energy Data System. The increased spending followed rising U.S. natural gas prices, particularly in the electric power sector across the southern United States. Total U.S. natural gas consumption remained virtually unchanged from 2020 to 2021. In every U.S. state, the amount spent on natural gas rose in 2021. The increase was particularly high in some states, more than doubling in Oklahoma and Texas. Natural gas spending rose by more than 50% in five additional states, four of which were in…

Economists may be planning for the next recession, but consumers entered 2023 significantly more upbeat than they ended 2022, according to a monthly survey from the University of Michigan released Friday. The university’s index of consumer sentiment rose 8.2% to 64.6 and is now just 4% below levels of a year ago. But consumers’ assessment of current economic conditions surged 15.5%, while future expectations rose by 3.5%. Inflation that has begun to cool from the levels of last summer and wages that are closer in line with price increases have buoyed the moods of consumers. “Consumer sentiment remained low from…

US News & World Report announces changes to methodology that critics said hampered diversity and affordability US News & World Report will change how its rankings of law schools are calculated in response to a revolt among schools that say the closely watched list hampers their diversity and affordability. The magazine’s changes in methodology announced on Monday in a letter to law school deans include an increased weight on outcomes for students – such as bar exam passage and employment – and a reduced weight on assessment surveys from academics, lawyers, and judges. The rankings will also give increased weight…