Business News

AM Business Notebook

>>Fed Officials Meeting This Week (Washington, DC) -- The Federal Reserve kicks off a two-day meeting on Tuesday, with word coming down Wednesday on the first anticipated interest rate hike of 2023. And while plenty of eyes will be on that announcement, Friday's monthly jobs report will also be the subject of much attention. That's set for release at 8:30 am Eastern, with experts predicting 185-thousand jobs were added to the economy in January.


>>McCarthy Shoots Down Push For Entitlement Cuts (Washington, DC) -- House Speaker Kevin McCarthy is shooting down claims that Republicans will cut entitlements in their negotiations over raising the debt ceiling. In a recent interview on Donald Trump Jr's podcast, McCarthy said Republicans won't touch Medicare or Social Security. The Speaker said earlier this week he wants to trim government spending unrelated to entitlement programs. In their new majority, House Republicans are demanding spending cuts as a price for lifting the debt ceiling and averting a default. Democrats have called on them to raise the debt limit without conditions.


>>Former Twitter Execs To Testify On Hunter Biden Laptop (Washington, DC) -- Three former Twitter executives are set to appear before the House Oversight Committee next month. Their testimony will concern the social media company's decision to censor the New York Post's article on Hunter Biden's laptop in the weeks leading up to the 2020 election. The February 8th hearing will be the first major session under chairman James Comer of Kentucky. The committee is also looking to the case of classified documents being discovered at President Biden's private residence in Delaware.


>>Toyota Top-Selling Automaker Third Year In A Row (Undated) -- Toyota is the world's top-selling automaker for the third year in a row. The Japanese company sold ten-point-five-million vehicles in 2022. Demand for the company's cars and trucks remains high in Asia and the company boosted production there and in North America.

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