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Consumer sentiment drops to 6-month low on inflation, unemployment fears

Fri, May 10, 2024 at 11:08 am

( ) -q-20- UNDATED (Correspondent Jeremy House) “a year ago.”

Consumer sentiment fell sharply in May to the lowest level in six months.

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TAG: Correspondent Jeremy House reporting. Consumers’ outlook has generally been gloomy since the pandemic and particularly after inflation first spiked in 2021.

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VERBATIM: The drop came as Americans cited concerns about stubbornly high inflation and interest rates as well as fears that unemployment could rise. The University of Michigan’s consumer sentiment index dropped to 67.4 this month from a final reading of 77.2 in April. That is still about 14% higher than a year ago.

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Greg Clugston SRN News White House correspondent

U.S. announces new $400 million package of weapons for Ukraine

Fri, May 10, 2024 at 3:34 pm

The U.S. has announced a new 400-million dollar package of military aid for Ukraine. National Security spokesman John Kirby says President Biden signed the latest drawdown in military assistance. The announcement came as Kyiv struggles to hold off intensified advances by Russian troops. Ukraine’s president warned this week of a “really difficult situation” in the east, but said a new supply of American weapons would help stop the Russians.

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New Biden rule aims to speed up asylum processingFri, May 10, 2024 at 10:13 am
White House defends Biden’s red line warning to IsraelThu, May 9, 2024 at 12:49 pm
Biden says U.S. won’t supply weapons for Israel to attack RafahWed, May 8, 2024 at 8:14 pm

Bob Agnew SRN News U.S. Senate correspondent

Montana Senator Tester First Democrat To Co-Sponsor Laken Riley Act

Thu, May 9, 2024 at 5:02 pm

Red-state Democrat Senator Jon Tester [D-MT] is taking some Republican-friendly positions as he aims to hold on to his seat this November. Tester on Thursday became the first Democrat to co-sponsor the Laken Riley act. It would require federal officials to arrest illegals who commit certain crimes until they can be deported. On Wednesday Tester used a committee hearing to confront Defense Secretary Lloyd Austin about the crisis at the southern border, something the senator called “unacceptable”.

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Sen. Rick Scott: Biden Now Part of Pro-Hamas Wing Of Democrat PartyThu, May 9, 2024 at 3:05 pm
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Bernie Bennett SRN News U.S. House correspondent

Michael Harrington SRN News religion desk editor

The 2024 election might be all about faith

Wed, May 1, 2024 at 10:14 pm

The 2024 election might be all about faith

VERBATIM: People of faith, that is. Leaders of both conservative and liberal church groups are planning national get-out-the-vote campaigns heading into an election that many believe will be one of the most important in U.S. history. The National Council of Churches, which includes most liberal denominations, has announced a “Freedom Summer” initiative. The conservative Faith and Freedom group will spend 60 million to register voters.

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