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☆ China's new aircraft carrier is being tested at sea for the first time, but US carriers 'remain in an echelon of their own,' expert says
▼ + stars: | 2024-05-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewChina launched the first sea trial of its newest aircraft carrier on Wednesday, per the state-run news agency Xinhua. However, according to John Bradford, a Council on Foreign Relations International Affairs fellow, the Fujian falls far short of US aircraft carrier standards. Related stories"There is nothing yet that compares to the USS carriers," he told Business Insider. AdvertisementUnlike China's two other carriers, the Liaoning and Shandong , the Fujian features a catapult system designed to launch aircraft, according to reports, much like US aircraft carriers. Business Insider previously reported that China's two other aircraft carriers — the Liaoning and Shandong — had outdated Soviet-era designs and smaller air wings, making them notably inferior to US carriers.

Persons: —, John Bradford, Bradford, Richard Kouyoumdjian Inglis, Gerald Ford, Shandong — Organizations: Service, Xinhua, Business, People's Liberation Army Navy, Foreign Relations International Affairs, US, CNN, Chilean Naval Reserve, Congressional Research Service, Center for Strategic, International Studies, CSIS, Gerald Ford Class, Defense, Naval Locations: China, Fujian, Shanghai's, Shanghai, Liaoning, Shandong

The US Department of Justice is expected to recommend that marijuana be rescheduled as a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. The standard rulemaking process is lengthy, is subject to a public comment period, and could take months to complete. However, rescheduling marijuana will not solve that federal-state conflict, the Congressional Research Service noted in a January 16 brief. States with medical marijuana programs do currently have some federal protections in place via appropriations legislation that restricts the Justice Department from interfering in those programs. The FDA’s scientific and medical evaluation of marijuana did not address products containing plant-derived cannabidiol, commonly known as CBD.

Persons: CNN —, Biden, General Merrick Garland, Joe Biden Organizations: CNN, US Department of Justice, Associated Press, White, Office of Management, US Health, Human Services, Food and Drug, Justice Department, Staff, National Institute on Drug, Delta, National Conference of State Legislatures, Congressional Research Service, CRS Locations: Colorado

☆ The 'peak boomer' crisis might only get worse: A fifth of Americans 50 and up have no retirement savings, and the majority are worried they won't have enough money
▼ + stars: | 2024-04-26 | by ( Juliana Kaplan | Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Americans say they don't have enough money for retirement, with a solid chunk having no savings at all. At the same time, the economy is about to see the "peak boomer" generation retire and deplete their savings. Tourangeau is part of a generation of older Americans who don't feel confident in their financial situation. Any of those who leave the workforce to retire may need to rely on any retirement savings they have built. AdvertisementAre you a peak boomer or older American worried you won't have enough money for retirement?

Persons: —, Pam Tourangeau, let's, it's, Indira Venkateswaran, Venkateswaran, Nancy LeaMond, LeaMond Organizations: Service, Congressional Research Service, AARP, Research, Savings, Americans, Federal Reserve, University of Michigan Health, Alliance, Lifetime, Security, Social Security Locations: America

☆ Biden promise to rival China on shipbuilding faces a big economic problem
▼ + stars: | 2024-04-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The Biden administration is correct that China has not played fair. But he said the nations that could rival China in shipbuilding are Asian competitors. Shipbuilding subsequently dropped to around five ships per year, which is approximately the current rate of U.S. shipbuilding. President Joe Biden speaks to members of the United Steel Workers Union at the United Steel Workers Headquarters on April 17, 2024 in Pittsburgh, Pennsylvania. Biden announced new actions to protect American steel and shipbuilding industries including hiking tariffs on Chinese steel.

Persons: Biden, Ben Nolan, Nolan, Reagan, Joe Biden, Jeff Swensen, —, Darron, Wadey, Lloyd, Matson, George Washington, Ronald O'Rourke, O'Rourke Organizations: Mitsui Shipbuilding Co, Taicang Port Economic, Technological, Future Publishing, Getty, CNBC, Shipbuilding, Global, United States, Trade, U.S . Trade, U.S, China's Ministry of Commerce, United Steel Workers, Japan's Nippon Steel, United Steel Workers Union, United Steel Workers Headquarters, Analysts, Matson Shipping, Jones Act, Philly Shipyard, CMA CGM, Matson, United, Maritime Administration, U.S ., Huntington Ingalls Industries, News Shipbuilding, U.S . Navy, U.S Navy, Newport News Shipbuilding, Virginian Pilot, Tribune, Service, Force, warfighting, Navy, Biden, Congressional Research Service Locations: Taicang Port, Suzhou, Jiangsu province, China, U.S, Japan, South Korea, United States, Pennsylvania, Pittsburgh , Pennsylvania, American, Bangladesh, U.S . Virgin Islands, Great, Mississippi, Ohio

☆ Here's why FEMA has spent about $4 billion to help destroy flood-prone homes
▼ + stars: | 2024-04-22 | by ( Lindsey Jacobson | In | ) www.cnbc.com time to read: +5 min

'I have no regrets'Andrea Jones accepted a floodplain buyout for her home in the Charlotte, North Carolina, area. CNBCAndrea Jones, 59, sold her home in the Charlotte, North Carolina, area in a floodplain buyout. On average, federal buyouts can take two to five years, though 80% of the FEMA acquisitions are approved in less than two years. Jones' buyout was delayed by the pandemic, but once she started the process up again in May 2022, things moved quickly. In addition to FEMA, the U.S. Department of Housing and Urban Development and many state and local communities fund floodplain buyouts.

Persons: Siders, Andrea Jones, CNBC Andrea Jones, Jones, Andrea Jones Jones, they're, Mathew Sanders, Sanders Organizations: Federal Emergency Management Agency, FEMA, University of Delaware's, Program, CNBC, Finance, Charitable, Congressional Research Service, U.S . Department of Housing, Urban Development Locations: Charlotte , North Carolina

CNN —The Biden administration is close to approving the sale of as many as 50 American-made F-15 fighter jets to Israel, in a deal expected to be worth more than $18 billion, according to three people familiar with the matter. Since Hamas’ attack on Israel in October, which killed over 1,200 Israelis, the US has made more than 100 foreign military sales to Israel. Most of those have fallen under the specific dollar amount that requires a notification to Congress, an official familiar with the matter previously told CNN. A congressional aide told CNN that House Foreign Affairs Committee Chairman Michael McCaul has also approved the transaction to proceed to formal congressional notification. “What you hear about the frustrations within the administration over the Israel policy, it is real,” one US diplomat told CNN on condition of anonymity.

Persons: CNN —, Biden, Sen, James Risch, Michael McCaul, Ben Cardin, Greg Meeks, Biden administration’s, Joe Biden’s, “, ”, Israel won’t, Josh Paul, Matthew Miller, Israel what’s, Pat Ryder, ” Steven Katz, Katz Organizations: CNN, Hamas, Biden, Democratic, House Foreign Affairs, Foreign, State Department, Republican, Senate Foreign Relations, House Foreign, Congressional Research Service, UN, The State Department, State Department’s Bureau, Political, Military Affairs, ”, Pentagon, Army, Defense, U.S, National Intelligence Locations: Israel, Gaza, State, Washington , DC, United States, “ Israel, Iran

☆ 1 in every 13 bridges in America is in ‘poor’ condition. Thousands could collapse from a collision
▼ + stars: | 2024-03-30 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

A container ship colliding into the Francis Scott Key Bridge in Baltimore is drawing attention to potential vulnerabilities among some of America’s more than 600,000 bridges. The Key Bridge stood for 47 years, and in that time it never received the sort of jolt that anyone could have thought would bring it down. Extreme weather events, increasingly heavy trucks and collisions from larger container ships pose significant risks to US bridges, engineers and other infrastructure experts say. The Key Bridge was “fracture critical,” the National Transportation Safety Board said Wednesday. To minimize the potential of ships bringing down bridges, bridges need to be built with what are known as redundancies— protections around bridges’ danger points.

Persons: Francis Scott Key, Dali, Ananth Prasad, Prasad, ”, Jessie Yeung, Curt Devine, Casey Tolan, Isabelle Chapman Organizations: American Society of Civil Engineers, Congressional Research Service, National Transportation Safety, World Association, Transport Infrastructure, Florida Transportation Builders ’ Association, CNN Locations: Baltimore, America, United States, China, Argentina, Florida

☆ Meet the Americans who can't retire
▼ + stars: | 2024-03-23 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +12 min

More people over 65 are working as pensions disappear, people live longer, and Social Security benefits are seemingly always in peril. Business Insider spoke with several Americans of retirement age about why they are still trading their time for money. "I think older people become very invisible, and maybe it's going to take other older people to help heighten that visibility." On average, Americans who have pensions receive $25,000 annually from them; the average estimated annual Social Security benefit is $38,418 for 2024. Indeed, BI's analysis of retirement data has found that nearly 80% of retirees have Social Security income.

Persons: —, Marcia, I'm, hasn't, she's, Steve Biddle, he's, He's, he'll, Bill, Geoffrey Sanzenbacher, Sanzenbacher, they're, Debra Giarrusso, She's, didn't, I've, there's, Pam, Kurt Vonnegut's, David Certner, Certner, Rebecca, It's Organizations: Service, Business, Social Security, Behavioral Health, Disability, Aging, —, Boston College, Center for Retirement Research, Congressional Research Service, Ford Motor Company, AARP Locations: North Carolina, Connecticut, Philadelphia, America, Michigan

☆ Continuing resolutions are a silly way to run a government, but we do it every year
▼ + stars: | 2024-03-02 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

October 1 has been the official kickoff date for the federal fiscal year since 1977. Lawmakers have passed at least one continuing resolution in all but three of the years in the nearly half-century since. Instead, they will wrap the spending bills into larger packages – frequently called an “omnibus” that is passed in December or later. In 1997, for instance, there was no CR, but the spending bills were all passed together as an omnibus. Don’t hold your breath for them to get the 2025 spending bills done on time.

Persons: ”, Joe Biden, haven’t, Maya MacGuineas, CNN’s Tami Luhby, arrearages, Biden, What’s, Mike Johnson Organizations: CNN, CRs, Journalists, Senate, Lawmakers, Congressional Research Service, GAO, Federal, WIC, Budget, Low Income, Energy Assistance, National Energy Assistance, Association, Partnership for Public Service, Democratic, Capitol Hill, Agriculture, FDA, Commerce, Justice, Science, Energy, Water, Veterans Affairs, Transportation, Housing, Urban Development, Defense, Financial Services, General Government, Homeland Security, Labor, Health, Human Services, Foreign Locations: Washington, State

☆ House GOP's budget 'poison pills' could force spending cuts, rattle economy
▼ + stars: | 2024-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

House Republican hardliners' efforts to stonewall a budget deal ahead of a looming government shutdown could risk triggering automatic spending cuts later this spring that may put pressure on the U.S. economy's already fraught recovery. A full-year budget deal to avert the FRA cuts appears increasingly unlikely, amid staunch opposition from the House's ultraconservative wing. Freedom Caucus derailmentMembers of the House Freedom Caucus, a coalition of hardline conservatives, have been working to derail a permanent budget. Instead, they want to extend the current temporary spending resolution through the rest of the fiscal year, ensuring the FRA's spending cuts are triggered on April 30. But if the FRA's automatic spending cuts take effect, they could rattle the broader economy's teetering recovery.

Persons: Mike Johnson, Jake Sullivan, economy's, Joe Biden, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, Jan, Johnson, Kevin McCarthy, McCarthy, McConnell, Piper Sandler, Nancy Lazar, Lazar, Sen, Patty Murray Organizations: National Security, U.S, Capitol, House Republican, Congressional Research Service, Caucus, Democrat, Freedom Caucus, Congressional Locations: Washington ,, stonewall, D

Either way, Washington paid little attention to his birthday according to Mountvernon.org, the website of the organization that manages his estate. The official designation is as Washington’s Birthday, although it has come to be known informally as Presidents Day. A small number of states, including Illinois, observe Lincoln’s birthday as a public holiday, according to the Library of Congress. And some commemorate both Lincoln and Washington on Presidents Day. The Uniform Monday Holiday Act took effect in 1971, moving Presidents Day to the third Monday in February.

Persons: George Washington, Alexis Coe, George of Washington, ”, “ It's, “ Jefferson, Lincoln, Washington, ” Coe, Marquis de Lafayette, —, Coe, Thomas Jefferson, comte de Rochambeau, Seth Bruggeman, Bruggeman, Arbelbide, “, ” Bruggeman Organizations: Washington, Temple University, Congressional Research Service, District of Columbia, Library of Congress, National Archives, The Locations: NORFOLK, Va, Washington, Virginia, Mount Vernon, Philadelphia, District, Illinois, Lincoln, The Republic, America

☆ Only the U.S. can force peace in the Middle East and it should pressure Israel, Lebanon foreign minister says
▼ + stars: | 2024-02-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Lebanon's foreign minister called on the U.S. to pressure Israel and bring an end to its bloody war with Palestinian militant group Hamas, which has now entered its fifth month. "We want peace, I think the Palestinians are ready for peace and Americans should — [they are] the only country that can really enable peace," Bou Habib told CNBC's Silvia Amaro. "But they should exert some pressure over Israel like what happened in the 70s, Kissinger was there, and he exerted pressure on Israel to do the peace." Recent bills in the U.S. Congress have allocated tens of billions more in military aid since the Hamas terror attack of Oct. 7 that killed roughly 1,200 people. If the U.S. can't play a prominent role in stopping the hostilities, "then the war will continue," Bou Habib said.

Persons: Abdallah Bou Habib, Bou Habib, CNBC's Silvia Amaro, Kissinger, Henry, Israel, Israel's Organizations: Palestinian, Hamas, CNBC, Munich Security, Congressional Research Service, U.S . Agency for International Development, Washington, U.S, Congress Locations: Israel, Washington, U.S, Gaza

CNN —While the 2024 presidential race seems set in stone as a rematch between President Joe Biden and former President Donald Trump, it’s also true that things happen. Back in November 1872, for instance, the newspaper publisher and Democratic presidential candidate Horace Greeley died after Election Day but before the casting of Electoral College votes. No one knows for sure what would happen if a candidate died or for some reason needed to withdraw from the race. The process of replacing a presidential candidate very much depends on when the vacancy occurs – during the primary process and before the party convention; during the convention or after the convention; or before or after people vote in November. When he dropped out of the presidential race, it set off a chaotic dash to replace him.

Persons: Joe Biden, Donald Trump, it’s, Horace Greeley, Ulysses S, Grant, – Greeley’s, Greeley, Biden, Trump, Elaine Kamarck, Nikki Haley, Kamala Harris, ”, Lyndon B, Johnson, Sen, Robert F, Kennedy, Hubert Humphrey, Republicans –, Thomas Eagleton, Sargent Shriver, George McGovern’s Organizations: CNN, Democratic, Electoral College, Electoral, New York Tribune, MPI, Trump, Republicans, Democrats, Republican, Democratic National Committee, Brookings Institution, South Carolina Gov, California, Democrats – The Democratic National Committee, Republican National Committee, Service, CRS, Democrat, DNC, Congress Locations: Milwaukee, Chicago, New, Los Angeles

☆ What the duck is going on with these spending bills?
▼ + stars: | 2024-01-19 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +3 min

The duck stamp act incident of early 2024 sets up two new funding deadlines on March 1 and March 8. Short-term funding bills that keep the lights on are clearly not how the massive US government is supposed to be run. There’s been least one short-term spending bill in all but three fiscal years since 1977, according to the Congressional Research Service. Why use the duck stamp bill to fund the government? Spending bills are supposed to begin in the House, and so to make this latest stopgap measure work, senators substituted the spending bill into a House-passed bill originally having to do with the duck stamp, making it possible for duck hunters to carry an electronic as opposed to paper duck stamp during the “taking of waterfowl.”Fear not for the duck hunters.

Persons: …, Mike Johnson, Kevin McCarthy, Johnson, McCarthy, it’s, There’s Organizations: CNN, Republican Party, Senate, Congressional Research Service Locations: Washington

☆ Pension-eligible workers face complex Social Security rules that may reduce benefits. How to more accurately estimate retirement income
▼ + stars: | 2023-12-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Richard Stephen | Istock | Getty ImagesWhen Joyce Debnam's husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. That life change prompted Debnam's Social Security benefits to be cut to just $174 a month. Moreover, the Social Security Administration notified her she had to return $5,000 in benefits she had been overpaid. Debnam is one of millions of workers who is affected by Social Security rules related to public workers and reductions in the benefits they are eligible to receive. "We recommend that people review their Social Security Statement at least once every year, which includes important information about WEP and GPO," a Social Security spokeswoman said in a statement.

Persons: Richard Stephen, Istock, Joyce Debnam's, Debnam, Mike Carey R, Mike Carey, Carey, Mark Warshawsky, Warshawsky Organizations: Social, United States Postal Service, Debnam's Social, Social Security Administration, Social Security, Congressional Research Service, GPO, Security, American Postal Workers Union, American Enterprise Institute Locations: Debnam, Suitland , Maryland, Ohio, Baton Rouge , Louisiana

☆ Russia will send fighter jets and attack helicopters to Iran, state media says. The move could strengthen ties that already have the US worried.
▼ + stars: | 2023-11-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russia is slated to send Iran advanced fighter jet and attack helicopters, reports say. AdvertisementRussia has agreed to send advanced fighter jets and attack helicopters to Iran in a deal that would provide a significant boost to the country's air force, Iranian media reports. A Mil Mi-28 attack helicopter performs during Army Games 2021 at Alabino Military Training Ground in Moscow on August 25, 2021. AdvertisementPrior to the invasion of Ukraine, Moscow was the world's second-largest arms exporter behind the US, according to a 2021 Congressional Research Service report . But Russia's war in Ukraine has disrupted its foreign military sales, an important component of the country's defense apparatus.

Persons: —, Yakovlev, Tasnim, that's, Stringer, John Kirby, Kirby, we've, Evgeniy, IRNA Organizations: Service, White, Tasnim News Agency, Republic News Agency, Army, Alabino, Anadolu Agency, Getty, National Security, European Union, AP, Kremlin, US Locations: Russia, Iran, Moscow, Tehran, Ukraine, East, Kyiv, Russian, European, Ukrainian, Washington, Israel, Gaza, Hezbollah, Lebanon, Yemen, Iraq, Syria

☆ George Santos may get to enjoy all sorts of exclusive, lawmakers-only perks — including the ability to walk onto the House floor — even if he's expelled
▼ + stars: | 2023-11-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

That includes access to the House floor, lawmakers-only gym and dining facilities, and more. AdvertisementRep. George Santos of New York may be expelled from the House as soon as this week. Those privileges — which would also apply if he resigned — typically include the ability to walk onto the House floor, use lawmakers-only facilities, and even purchase (and perhaps auction off) their own office furniture. In other words, George Santos may be able to keep LARPing as a member of Congress if he's expelled. Sen. Markwayne Mullin, a former House member, hanging out with former Speaker Kevin McCarthy on the House floor on November 27.

Persons: George Santos, —, Santos, that's, Daniel Schuman, he's, it's, Republican Sen, Markwayne Mullin, — Santos, ", Schuman, George Santos —, — you've, auctioning, Sen, Kevin McCarthy, Tom Williams, they've Organizations: Service, Republican, POPVOX, —, Congressional Research Service, United States Association, Former, Congress, Getty Locations: George Santos of New York, Oklahoma, loitering

Linking Ukraine’s military assistance to U.S. border security interjects one of the most divisive domestic political issues — immigration and border crossings — into the middle of an intensifying debate over wartime foreign policy. Failure risks delaying U.S. military aid to Kyiv and Israel, along with humanitarian assistance for Gaza, in the midst of two wars, potentially undermining America's global standing. Rather than approve Biden’s request, which includes $61 billion for Ukraine, Republicans are demanding something in return. Democrats call these essentially nonstarters, and the border security talks are going slowly. Other Republicans, led by Rep. Marjorie Taylor Greene of Georgia, a Donald Trump ally, have drawn an even deeper line against Ukraine aid.

Persons: Volodymyr Zelenskyy, Joe Biden’s, ”, Luke Coffey, Andriy Yermak, Coffey, Vladimir Putin’s, Mitch McConnell, It’s, “, Sen, Chris Murphy, Conn, Biden, Tom Cotton, McConnell, Sabrina Singh, Democratic Sen, Jack Reed, Mike Garcia of, Garcia, Mike Johnson, Marjorie Taylor Greene, Donald Trump, Lolita C, Baldor, Ellen Knickmeyer, Stephen Groves Organizations: WASHINGTON, Hudson Institute, Republican, Associated Press, NORC, for Public Affairs Research, Biden, Republicans, Democrats, Senate, The Defense Department, Defense Department, Congressional Research Service, World Bank . National, Democratic, Senate Armed Services Committee, Russia, Kyiv, Navy, Rep Locations: Washington, Russia, Ukraine, Israel, Mexico, U.S, Kyiv, Gaza, Ukrainian, United States, Kentucky, Russian, Rhode Island, ”, Mike Garcia of California, Iraq, Marjorie Taylor Greene of Georgia

☆ The US is sending more Patriot defense systems to the Middle East. They cost $1.1 billion each.
▼ + stars: | 2023-11-13 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The Patriot is a missile air defense system that can reach aerial targets up to 66,000 feet. It's a highly sought-after defense system that costs $1.1 billion each. Still, people familiar with the matter told the Journal that the US had sent six, doubling the number of defense systems that were already deployed. According to the Missile Defense Advocacy Alliance, a nonprofit that promotes ballistic missile defense development, Israel currently operates three Patriot batteries. AdvertisementAdvertisementThe missile defense systems are produced by Raytheon, a contractee of the US government, and cost about $1.1 billion each.

Persons: —, Defense Lloyd J, Austin, It's Organizations: US, Service, Patriot, Street Journal, Pentagon, Associated Press, Defense, of Defense, Missile Defense Advocacy Alliance, DOD, Raytheon, Congressional Research Service, CRS, Center for Strategic & International Studies Locations: Iraq, Syria, Iran, East, Israel, Gaza, Ukraine, Russian

☆ US Air Force's new B-21 Raider "flying wing" bomber takes first flight - Reuters witness
▼ + stars: | 2023-11-10 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

However, the Air Force has kept other price information classified, "which makes validating the proposed cost difficult," the Congressional Research Service said in a 2021 report. The Air Force plans to buy at least 100 of the planes and begin to replace B-1 and B-2 bombers. Ann Stefanek, an Air Force spokesperson said, "The B-21 Raider is in flight testing. Flight testing is a critical step in the test campaign managed by the Air Force Test Center and 412th Test Wings B-21 Combined Test Force." In early 2022, the Air Force further delayed it until 2023.

Persons: David Swanson, Ann Stefanek, Lockheed Martin, Northrop, Mike Stone, Valerie Insinna, Franklin Paul Organizations: United States Air, Northrop, Air Force, REUTERS, U.S, Air Force's, Northrop Grumman, Congressional Research Service, Pentagon, Air Force Test Center, Force, Boeing, Lockheed, Pratt, Whitney, Collins Aerospace, GKN Aerospace, BAE Systems, Franklin Paul Our, Thomson Locations: Palmdale , California, U.S, Washington

☆ US daylight saving time: When is it and why was it created?
▼ + stars: | 2023-10-31 | by ( Josie Kao | ) www.reuters.com time to read: +5 min

Daylight saving time is the practice of moving clocks forward by one hour during summer months so daylight lasts longer into the evening. WHY WAS DAYLIGHT SAVING CREATED IN THE US AND HOW DID IT START? No, Hawaii and Arizona, with the exception of Navajo Nation, do not observe daylight saving time. While daylight saving time is widespread across the United States, 19 states have passed legislation to permanently use daylight saving time if Congress were to allow it, according to the National Conference of State Legislatures. The U.S. is not ending daylight saving any time soon, though there is an effort in the federal government to pass the so-called Sunshine Protection Act, which would make daylight saving time permanent.

Persons: Mike Segar, George Hudson, Frank Pallone, Joe Biden, Josie Kao, Lisa Shumaker Organizations: REUTERS, North, Daylight, European Union, New, Congressional Research Service, Virgin, National Conference of State Legislatures, Protection, U.S . House, Commerce, Science, Transportation, Thomson Locations: Manhattan, New York, U.S, United States, Canada, Cuba, North America, Europe, Egypt, Japan, New Zealand, Germany, Hawaii, Arizona, Navajo, American Samoa, Guam, Northern Mariana Islands , Puerto Rico

☆ Biden administration to crack down on ‘junk fees’ in retirement plans
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.

Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,

☆ Where's the Su-57? The war in Ukraine is what fifth-generation fighter jets were made for, but Russia's Felon has largely been missing in action
▼ + stars: | 2023-10-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

Russian state media has touted the Su-57 fighter jet as a formidable, fifth-generation aircraft. Sukhoi Su-57 fighter jets perform at the MAKS 2019 air show in Zhukovsky, outside Moscow, Russia, August 27, 2019. Sukhoi Su-57 jet fighter performs during International military-technical forum "Army-2020" at Kubinka airbase in Moscow Region, Russia August 25, 2020. So why is it that the Su-57 isn't doing what a true fifth-generation stealth fighter should theoretically be able to do in Ukraine? AdvertisementAdvertisementSukhoi Su-57 fighter jets perform at the MAKS 2019 air show in Zhukovsky, outside Moscow, Russia, August 27, 2019.

Persons: it's, —, there's, Mike Dahm, Sukhoi Su, Aleksey Nikolskyi, haven't, They're, Assad, Sergei Shoigu, Maxim Shemetov There's, Su, Russia's, Justin Bronk, Bronk, Vladimir Putin, Recep Tayyip Erdogan, Maxim Shemetov, Dahm, There's, that's Organizations: Aviation, intel, Service, NATO, US, Mitchell Institute for Aerospace Studies, Sputnik, REUTERS, Russian, Ukraine, International, Army, Sukhoi, Royal United Services Institute, Aircraft Locations: Ukraine, Russia, Moscow, Zhukovsky, Kremlin, Syria, Kubinka, Moscow Region, Russian, Ukrainian, NATO

☆ How US tax dollars have supported Israel and its military for 75 years — and what's next for American aid
▼ + stars: | 2023-10-13 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Biden said this week he will ask Congress to send Israel additional aid in the wake of Hamas' terror attacks. Between 2001 and 2020, Israel received more military aid from the US than all other nations combined. Despite concerns that Israel will continue killing civilians and children in Gaza, there is bipartisan support for aid to Israel. In 2016, the US signed its third 10-year Memorandum of Understanding on military aid to Israel, pledging to send it $38 billion between 2019 and 2028. In 2022, the US spent a total of $4.8 billion on military, economic, and missile defense aid for Israel.

Persons: Biden, —, Harry Truman, Israel, Joe Biden, Gerald R, he'll, John Kirby, Alexandria Ocasio, Cortez, Ilhan Omar, Kevin McCarthy Organizations: Democratic, Service, Saturday, US, Congressional Research Service, CRS, Israel, Hamas, Gazan Health, United Nations, White, National Security, Rep, Minnesota Democrat, Republicans, Taiwan Locations: Israel, Gaza, Washington, Alexandria, United States, Minnesota, Ukraine

☆ What is Israel's Iron Dome? Here’s what you need to know about the missile defense system
▼ + stars: | 2023-10-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from the city of Ashkelon, Israel October 9, 2023. What is Israel's Iron Dome? The Iron Dome, or "Kippat Barzel" in Hebrew, is widely regarded as one of the most important tools in Israel's arsenal. An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Ashkelon, Israel May 10, 2023. The Center for Strategic International Studies, a U.S. think tank, has previously estimated that a complete Iron Dome battery costs roughly $100 million to produce.

Persons: Amir Cohen, Israel, Rafael, —, Tamir Organizations: Reuters, Palestinian Ministry of Health, Israel's Defense Ministry, Iron Dome, European Union, Rafael Advanced Defense Systems, Reuters Israel's Defense Forces, Dome, Congressional Research Service, Strategic International Studies Locations: Gaza, Ashkelon, Israel, Reuters Israel, Jihad, U.S, Washington

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