Business News

AM Business Notebook

>>Biden To Meet McCarthy For Debt Ceiling Talks 

(Washington, DC)  --  Talks on raising the debt ceiling are set to resume at the White House today.  House Speaker Kevin McCarthy says President Biden agreed to sit down with him one-on-one during a call between the two today as Biden returns from the G7 Summit in Japan.  McCarthy described the conversation as "productive."  For his part, Biden tweeted from Air Force One, that he's proposed over a trillion dollars in spending cuts and Republicans will have to compromise on some of their demands as well.


>>Cruz Calls Possible Use Of 14th Amendment "Legally Frivolous"

(Houston, TX)  --  Senator Ted Cruz says the possible use of the 14th Amendment to raise the debt ceiling is "legally frivolous."  Speaking on Fox News Sunday, the Texas Republican was referring to a constitutional amendment that would allow President Biden to raise the debt ceiling without congressional approval.  Cruz says the President can avoid a default by saying the U.S. will commit to paying the interest on the debt.  Cruz also noted that Barack Obama rejected using the 14th Amendment to raise the debt ceiling when he was President.


>>Opinion Of Federal Income Tax Hits 20 Year Low

(Undated)  ---  Americans' opinion on federal income taxes is at a 20-year-low.  According to a new Gallup poll, 60-percent of respondents believe they're paying too much in federal income tax, while only 36-percent felt they were paying about the right amount.  Their data revealed public opinion on the federal income tax hasn't been that low since 2001, before President Bush signed tax cut laws into effect.  Over 30-percent of respondents also say the federal income tax is the worst, or least fair, tax that they pay.  


>>Elon Musk says working from home is "morally wrong"

(New York, NY)  --  Elon Musk says working from home is "morally wrong." The Tesla founder and Twitter owner said in an interview with CNBC that employees are more productive in person.  Musk referred to Silicon Valley's tech workers as the "laptop classes living in la-la-land." The billionaire says employees refusing to return to an in-person setting need to "get off their moral high horse" and get back to work like everyone else.


>>Waffle Maker Recall

(Alpharetta, GA)  --  Hundreds of thousands of waffle makers are under recall because of possible burn risks.  Empower Brands is recalling more than 450-thousand of its PowerXL Stuffed Wafflizer models after nearly three dozen reports of people getting hurt.  The waffle makers were sold July 2021 through October 2022 at stores including Walmart, Big Lots, Sam's Club, Target and others.

On Air Now

George Noorey
George Noorey
12:00am - 6:00am
Coast to Coast





News Disclaimers