Page 735 - Uncle Sam News Today

In Business notes: Dawg Houz Cigars opens in York; Embroidery Connection of Williamsburg changing owners; Travel + Leisure names Williamsburg No. 9 U.S. city for travel and leisure; Hathaway Power a finalist in the Better Business Bureau of Hampton Roads Torch Awards for Ethics in Business; and the Colonial Williamsburg Foundation honored as best employer.

The debt-ceiling standoff has people concerned about what will happen if the U.S. defaults on its debt. I certainly hope both sides will come together to avoid

Just a few hundred people of Chinese heritage still live in Washington, D.C.'s Chinatown. Many have been pushed out to cheaper and safer areas.

The University of Hawaii Economic Research Organization is breathing a sigh of relief for Hawaii’s financial prospects — at least for now.

Something has to give. The Fed can’t simultaneously fight inflation and prop up Uncle Sam’s spending spree. Either the government will have to cut spending or the Fed will eventually have to go back to creating money out of thin air in order to monetize the debt.

The Biden administration is rolling out what it calls the “New Washington Consensus” in an attempt to fuse its domestic and international economic policy agendas. White House national security adviser Jake Sullivan delivered the contours of Biden’s agenda in a speech last month at the Brookings Institution. This agenda has also been used to frame Biden’s latest economic report, published earlier this year, and it will surely be central to Biden’s reelection campaign.

Rather than a mandate for solar and wind, the new rules allow companies to pursue carbon-capture and other tech.

In major Chinatowns, luxury development and public-use projects have altered the fabric of these historic communities.

A "soft landing" is still possible, but not if the US stops paying its bills.

That’s in his debt ceiling bill. And his delays have already cost taxpayers an additional $328 million as he preaches against excess spending.