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‘Liberation Day’ reignites D.C. statehood debate

(The Center Square) — As the National Guard begins patrolling the streets of Washington, D.C., after President Donald Trump announced their deployment in support of making the city safer, the move has reignited a debate over the district’s statehood. Since the president’s Monday announcement, protests have emerged to “keep D.C. free,” after fears Congress could rescind the district’s Home Rule Act, granting it limited autonomy. In response to Trump’s executive action to declare a crime emergency, or “Liberation Day,” in the district by implementing federal control ...

Social Security’s 90th anniversary sparks talks over how to address insolvency

(The Center Square) — On the day before Social Security’s 90th anniversary, fiscal watchdogs were urging Congress to seriously address the program’s impending funding shortfalls — particularly in light of the now $37 trillion national debt — even as lawmakers met Wednesday to discuss increasing benefits. “The looming shortfalls in Social Security are intimately connected with our nation’s overall deteriorating fiscal outlook, and every year of delay makes the choices more difficult and the trade-offs more punishing,” Executive Director Carolyn Bourdeaux of Concord ...

GE Appliances announces $3B investment in U.S. production

(The Center Square) — GE Appliances announced a $3 billion investment over the next five years to increase production at facilities across the country. The appliance manufacturer, whose parent company is China-based Haier, will begin with increased production at the company’s plants in Alabama, Georgia, Kentucky, South Carolina and Tennessee. The five year plan anticipates adding an additional 1,000 new jobs. “No other appliance company over the last decade has invested more in U.S. manufacturing than we have, and our $3 billion, five-year plan shows that our commitment to U.S. ...

US stocks rally to records on hopes for cuts to interest rates

NEW YORK (AP) — The U.S. stock market rallied to records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% to top its all-time high set two weeks ago. The Dow Jones Industrial Average climbed 483 points, or 1.1%, and the Nasdaq composite jumped 1.4% to set its own record. Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September. Lower rates would give a boost to investment prices and ...