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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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European companies are less upbeat about China’s vast market as its economy slowsFri, May 10, 2024 at 11:05 am
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Greg Clugston SRN News White House correspondent

New Biden rule aims to speed up asylum processing

Fri, May 10, 2024 at 10:13 am

The Biden administration has announced a new rule aimed at speeding up asylum processing at the southern border. The asylum rule change would allow the U-S to quickly reject a limited group of people believed to have committed serious crimes or who have terrorist links. It would shift the decision-making from a judge to asylum officers. The new rule comes as the Biden administration has been struggling to demonstrate to voters that it has a handle on immigration. Republicans have consistently slammed the administration over policies that they say have worsened problems at the southern border.

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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
Biden touts high-tech job creation in WisconsinWed, May 8, 2024 at 1:35 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
Likely Senate GOP Leader Cornyn Blasts Biden Threat To Cut Arms Shipments To IsraelThu, May 9, 2024 at 1:28 pm
Senator Graham: Trump Re-election Would Put End To Anti-Jewish ProtestsWed, May 8, 2024 at 1:55 pm

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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