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>>Fed Expected To Leave Interest Rates At Current Level

(Washington, DC) -- Federal Reserve policymakers are expected to leave interest rates at current levels when the central bank issues its quarterly update today. Fed watchers see the funds rate staying at the current range of five and-a-quarter to five and-a-half percent. The Fed has raised interest rates eleven times since March of last year.

 

>>White House Officials Going To Detroit To Stay In DC Instead

(Washington, DC) -- White House officials who were previously going to travel to Detroit will now stay in Washington. President Biden said last week that Labor Secretary Julie Su and senior adviser Gene Sperling would go to Detroit to give support as the United Auto Workers and companies try to work out a deal. But according to a statement, the White House says it's "most productive" for the two to continue discussions from Washington, DC instead.

 

>>UAW President Makes Comments About Former President Trump

(Detroit, MI) -- The United Auto Workers president is against former President Trump visiting the picket lines in Detroit. Trump reportedly plans to meet with auto workers next week instead of attending the second Republican presidential debate. UAW President Shawn Fain said every fiber of their union is being poured into fighting the billionaire class and economy that enriches people like Trump at the expense of workers. Fain said we need to stop electing billionaires and millionaires who have no understanding of what it's like to live pay check to pay check. The UAW is on its fifth day of its strike against the big three U.S. automakers as they demand better pay and pension benefits.

 

>>Union Health Workers Authorize Strike Against Kaiser Permanente

(Undated) -- Union healthcare workers in Virginia, Maryland and DC have threatened to strike against Kaiser Permanente, if no agreement can be reached on a new contract by September 30th. About 38-hundred workers, including nurses, certified nursing assistants, technicians, optometrists, and pharmacists are among those who could join similar actions in the Pacific Northwest and Rocky Mountain states. The workers allege unfair and unsafe practices, including staff shortages.

 

>>FTX Sues Sam Bankman-Fried's Parents

(New York, NY) -- The bankrupt cryptocurrency exchange FTX is suing founder Sam Bankman-Fried's parents. The lawsuit accuses them of using millions in company funds for themselves and their "pet causes." It says Joe Bankman and Barbara Fried knew or "ignored bright red flags" that their son was orchestrating a fraud scheme. Attorneys for the couple denied the claims in a statement and called them "a dangerous attempt to intimidate Joe and Barbara and undermine the jury process just days before their child's trial begins."

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