Feinstein Announces She Will Not Run For Reelection Amid Pressure to Step Down
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Feinstein Announces She Will Not Run For Reelection Amid Pressure to Step Down
Feinstein Announces She , Will Not Run For Reelection , Amid Pressure to Step Down.
On February 14, Sen.
Dianne Feinstein
announced that she will not run for reelection
after her current term ends in early 2025.
.
On February 14, Sen.
Dianne Feinstein
announced that she will not run for reelection
after her current term ends in early 2025.
.
ABC reports that Feinstein said
she plans to continue serving
until that time comes.
.
I am announcing today I will not run
for reelection in 2024 but intend to
accomplish as much for California
as I can through the end of next
year when my term ends.
, Dianne Feinstein, Democrat Senator from California, via ABC News.
I am announcing today I will not run
for reelection in 2024 but intend to
accomplish as much for California
as I can through the end of next
year when my term ends.
, Dianne Feinstein, Democrat Senator from California, via ABC News.
The 89-year-old Feinstein has
served in the Senate since 1992.
Over the course of her political career,
she has won several senior posts.
.
Over the course of her political career
she has won several senior posts.
.
Even with a divided Congress,
we can still pass bills that will improve lives.
Each of us was sent here to solve problems. , Dianne Feinstein, Democrat Senator from California, via ABC News.
That's what I've done for the last 30 years,
and that's what I plan to do for the next two
years.
My thanks to the people of California
for allowing me to serve them, Dianne Feinstein, Democrat Senator from California, via ABC News.
That's what I've done for the last 30 years,
and that's what I plan to do for the next two
years.
My thanks to the people of California
for allowing me to serve them, Dianne Feinstein, Democrat Senator from California, via ABC News.
ABC reports that Feinstein, the Senate's oldest
sitting member, has been facing pressure to make
way for a younger generation of Democrat leaders.
ABC reports that Feinstein, the Senate's oldest
sitting member, has been facing pressure to make
way for a younger generation of Democrat leaders.
Earlier this year, Feinstein declined the role
of president pro tempore, a spot typically
held by the majority party's senior member.
Earlier this year, Feinstein declined the role
of president pro tempore, a spot typically
held by the majority party's senior member.
Prior to joining the Senate in 1992,
Feinstein served as the city of
San Francisco's first female mayor
Senate Republicans Block Effort , to Replace Feinstein on Judiciary Panel.
CNN reports that the request
was formally blocked on April 18.
CNN reports that the request
was formally blocked on April 18.
Senate Majority Leader Chuck Schumer and other Democrats hoped to temporarily replace Feinstein on the panel as she recovers from shingles.
The 89-year-old senator made the request last week, as she is committed to returning to her role.
Her absence has delayed the panel's
ability to process judicial nominees.
Pressure has mounted for Feinstein
to return soon or resign.
She has already made it clear that
she won't seek reelection.
Opposing GOP senators contend that the attempt to temporarily replace Feinstein is merely to get controversial nominees confirmed.
Sheās a dear friend and we hope for her
speedy recovery and return back to the Senate. With all due respect, my colleague, Senator Schumer, this is about a handful of judges
that you canāt get the votes for, Sen. Lindsey Graham, via CNN.
I donāt think Republicans can or should help President Bidenās most controversial nominees. , Sen. John Cornyn, via CNN.
I support having Sen. Feinstein come back as soon as she can. But this effort to confirm controversial and in many instances largely unqualified nominees,
I donāt think you can expect any Republican cooperation, Sen. John Cornyn, via CNN
Credit: Wibbitz Top Stories Duration: 01:31Published
Sen. Dianne Feinstein Asks to Be , āTemporarilyā Replaced on Judiciary Committee.
CNN reports that the 89-year-old senator made the request on April 12 as she recovers from shingles.
I understand that my absence could delay the important work of the Judiciary Committee, so Iāve asked Leader Schumer to ask the Senate to allow another Democratic senator to temporarily serve until Iām able to resume my committee work, Sen. Dianne Feinstein, via statement.
Feinstein said she is committed to returning "as soon as possible once my medical team advises that it's safe for me to travel.".
Feinstein said she is committed to returning "as soon as possible once my medical team advises that it's safe for me to travel.".
A spokesperson for Chuck Schumer said that "per Sen. Feinstein's wishes," the Senate will be asked "next week to allow another Democratic senator to temporarily serve on the Judiciary Committee.".
But some of the lawmakers are calling for Feinstein to resign since her absence has slowed the Democrats' push to confirm nominees.
But some of the lawmakers are calling for Feinstein to resign since her absence has slowed the Democrats' push to confirm nominees.
She has been an icon on issues of gun violence and womenās rights, but it has become painfully obvious to many of us in California that she is no longer able to fulfill her duties as she doesnāt have a clear return date, Rep. Ro Khanna, via Twitter.
And so, as someone from California, I felt an obligation to say what so many colleagues are saying in private. The time has come for her to gracefully step down and have a dignified end to a very distinguished political career, Rep. Ro Khanna, via Twitter.
In February, Feinstein announced
that she wouldn't seek reelection.
Several Democrats are
vying for her seat in 2024.
Several Democrats are
vying for her seat in 2024
Credit: Wibbitz Top Stories Duration: 01:31Published
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Experts Say Colorado River Deal , Fails to Solve Long-Term Problems.
Experts have warned that a hard-fought agreement
between California, Arizona and Nevada to cut the use of
the Colorado River won't solve the long-term water crisis.
'The Guardian' reports that experts say the new deal,
announced on May 22, is only a temporary solution to
a problem that threatens life in the American west.
The agreement will see the three states cut
water consumption from the dwindling river
by 13% over the next three years if adopted.
The deal is reportedly backed by $1.2 billion in
federal funds and encourages voluntary reductions
made in exchange for government grant money.
'The Guardian' reports that the deal
comes after months of missed
deadlines and stagnant negotiations. .
However, experts warn that the measure
is not enough to prevent the existential
threat posed by the Colorado River. .
Following years of over-allocation to meet the
needs of a rapidly expanding U.S. west, the region
is now facing unprecendented global warming. .
'The Guardian' reports that the American west
is facing a "megadrought' that is the worst
the region has experienced in 1,200 years.
The Colorado River supports 40 million people, including
the populations of Los Angeles and Denver, while
also supplying water for millions of acres of cropland.
The Colorado River supports 40 million people, including
the populations of Los Angeles and Denver, while
also supplying water for millions of acres of cropland.
This deal is clearly a Band-Aid
solution for a short-term fix, Katharine Jacobs, Expert in water and climate adaptation
at the University of Arizona, via 'The Guardian'.
Itās better than nothing, but we are
just putting off a much more dramatic
change needed to resolve this problem. , Katharine Jacobs, Expert in water and climate adaptation
at the University of Arizona, via 'The Guardian'
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden and McCarthy , Still Havenāt Made a Debt Limit Deal.
June 1 is the deadline for America's
debt limit to be raised before the country defaults for the first time ever.
The House speaker and U.S. president ended
their current round of talks regarding the
situation on the evening of May 22, CNN reports.
The House speaker and U.S. president ended
their current round of talks regarding the
situation on the evening of May 22, CNN reports.
While no deal was reached,
the two leaders are optimistic. .
I felt we had a productive discussion. We donāt have an agreement yet,
but I did feel the discussion was productive in areas that we have differences of opinion, Kevin McCarthy, House speaker, via statement.
We reiterated once again that
default is off the table and the only way to move forward is in good faith toward a bipartisan agreement, Joe Biden, U.S. president, via statement.
While there are areas of disagreement, the Speaker and I, and his lead negotiatorsā¦
and our staffs will continue to discuss the path forward, Joe Biden, U.S. president, via statement.
McCarthy also said that once an agreement is reached, he will uphold the House's three-day rule to make sure legislators have enough time to examine the deal before voting.
But not everyone is so optimistic
about the discussions thus far. .
Democrat Hakeem Jeffries said
things are moving in the "wrong direction.".
Theyāve rejected the fact that
President Biden is willing to consider freezing spending. It will reduce
the deficit by a trillion dollars. , Hakeem Jeffries, House Democratic leader, via statement.
This is what the extreme MAGA Republicans say that they want. They rejected. They rejected an unwillingness to not put the country through this again, Hakeem Jeffries, House Democratic leader, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
5 Takeaways From , Trump's Town Hall .
Following former President
Donald Trump's town hall, CNN reports
on some of the major takeaways. .
Trump dismisses Carroll trial, One day before the town hall, Trump was
found liable for sexual abuse and defamation
against writer Jean E. Carroll in a civil trial. .
Trump dismisses Carroll trial, One day before the town hall, Trump was
found liable for sexual abuse and defamation
against writer Jean E. Carroll in a civil trial. .
When asked, Trump said that he
doubted the outcome of the trial would
harm his standing with female voters. .
View of looming U.S. debt default, Trump predicted that Democrats would compromise,
while insisting that a potentially catastrophic default
is still preferable to continuing unchecked spending. .
View of looming U.S. debt default, Trump predicted that Democrats would compromise,
while insisting that a potentially catastrophic default
is still preferable to continuing unchecked spending. .
Vague stance on abortion, CNN reports that Trump dodged questions
about a potential federal abortion ban,
which has already split the Republican party. .
We now have a great negotiating
ability, and I think weāre going to
be able to get something done, Donald Trump, former President of the United States, via CNN.
Ending the war in Ukraine, CNN reports that Trump refused to pick
sides in the conflict, while emphasizing the
importance of bringing the violence to an end.
I donāt think in terms of winning
and losing. I think in terms of
getting it settled so we
stop killing all these people, Donald Trump, former President of the United States, via CNN.
Repeated claims of election fraud, Trump continued to refute the results of the
2020 presidential election, despite having already
lost dozens of legal cases to overturn the results. .
I think itās a shame what
happened. I think itās a very
sad thing for our country, Donald Trump, former President of the United States, via CNN
Credit: Wibbitz Top Stories Duration: 01:31Published
Bipartisan Senate Bill , Aims to Keep Kids , Under 13 Off Social Media.
This week, senators from both sides of the political divide
announced legislation aimed at protecting children from
aspects of social media found to impact mental health.
NPR reports that a bipartisan group of senators
claim that social media is contributing to
a mental health crisis among young Americans.
NPR reports that a bipartisan group of senators
claim that social media is contributing to
a mental health crisis among young Americans.
The proposed Protecting Kids on Social Media Act , would ban children under the age of 13 , from accessing social media.
Teens from 13 to 18 years old would need
a parent to provide a valid form of ID in order
for them to become users on a platform.
NPR reports that the proposed bill is sponsored by Republican Senators Tom Cotton and Katie Britt, and Democratic Senators Brian Schatz and Chris Murphy.
NPR reports that the proposed bill is sponsored by Republican Senators Tom Cotton and Katie Britt, and Democratic Senators Brian Schatz and Chris Murphy.
NPR reports that the proposed bill is sponsored by Republican Senators Tom Cotton and Katie Britt, and Democratic Senators Brian Schatz and Chris Murphy.
The business model of these apps is
simple, the duration of time the user
spends on the app and the extent to
which they engage with content
is directly correlated with ad revenue, Brian Schatz, Democratic Senator for Hawaii, via NPR.
Hawaii's Sen. Brian Schatz argues that the result of social
media platforms driving users to spend long amounts
of time on their platforms could be "catastrophic.".
Social media [companies] have
stumbled onto a stubborn, devastating
fact: The way to get kids to linger
on the platforms and to maximize
platforms is to upset them, Brian Schatz, Democratic Senator for Hawaii, via NPR.
According to a Pew Research study,
most teens say they go on social media platforms
like YouTube and TikTok at least once every day.
According to a Pew Research study,
most teens say they go on social media platforms
like YouTube and TikTok at least once every day.
The growing evidence is clear:
social media is making kids more
depressed and wreaking havoc
on their mental health, while kids
are suffering, social media companies
are profiting. This needs to stop, Brian Schatz, Democratic Senator for Hawaii, via NPR.
The growing evidence is clear:
social media is making kids more
depressed and wreaking havoc
on their mental health, while kids
are suffering, social media companies
are profiting. This needs to stop, Brian Schatz, Democratic Senator for Hawaii, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
US House Passes , Debt Limit Bill , As Default Looms.
On April 26, House Speaker Kevin McCarthy passed
his debt ceiling bill by a narrow margin of 217 to 215. .
NBC reports that the passage of the bill
throws into question whether the United States
will be able to avoid a looming default.
Both the Democratic-controlled
Senate and the Biden administration have
said that they would not approve the bill. .
Both the Democratic-controlled
Senate and the Biden administration have
said that they would not approve the bill. .
However, Republicans believe that
the passage of the bill in the House opens
the door for further negotiation. .
Now he should sit down and negotiate.
We are the only party to take fiscal
action... that would lift the debt limit
so we wouldnāt have economic damage, Kevin McCarthy, Republican House Speaker, via NBC.
NBC reports that the White House has
said it will not compromise on raising
the debt limit with policy strings attached.
According to the Treasury Department, economic
calamity from the U.S. defaulting on its debts could
happen as early as June 5 if Congress fails to act in time.
According to the Treasury Department, economic
calamity from the U.S. defaulting on its debts could
happen as early as June 5 if Congress fails to act in time.
Our plan has always been the same:
to avoid default, to pass a clean
debt ceiling ā no brinksmanship,
no hostage-taking. , Chuck Schumer, Democratic Senate Majority Leader, via NBC.
However, Senate Minority Leader Mitch McConnell
suggests that a compromise between both
parties is the only way forward.
The agreement needs to be
reached between the speaker
and the president. Until he and
the speaker of the House reach
an agreement, weāll be at a standoff, Mitch McConnell, Republican Senate Minority Leader, via NBC
Credit: Wibbitz Top Stories Duration: 01:30Published
North Dakota , Becomes Latest State , to Pass Strict Abortion Ban.
On April 24, North Dakota adopted one of the United States'
strictest abortion laws, banning the procedure
with few exceptions up to six weeks of gestation.
This bill clarifies and refines
existing state lawā¦ and reaffirms
North Dakota as a pro-life state, Doug Burgum, Republican governor of North Dakota, via 'The Guardian'.
'The Guardian' reports that the new law
allows abortions up to six weeks only in
the case of rape, incest or medical emergency.
North Dakota has always
been pro-life and believed in
valuing the moms and children
both. Weāre pretty happy and
grateful that the governor
stands with that value, Janne Myrdal, Republican senator, via 'The Guardian'.
Since the U.S. Supreme Court overturned
Roe v. Wade last year, numerous states
have moved to ban or restrict the procedure.
Currently, 13 states have already
put bans in place on abortion
at all stages of pregnancy.
Meanwhile, at least 20 Democratic
states have launched a network
to strengthen access to abortions.
'The Guardian' reports that North Dakota
no longer has any abortion clinics, after
the state's last facility in Fargo was shut down.
The owner of that facility, the Red River Women's
Clinic, continues to pursue a lawsuit challenging the
constitutionality of North Dakota's abortion bans.
I donāt think women in North Dakota
are going to accept this and there will be
action in the future to get our rights back.
Our legislature is overwhelmingly
pro-pregnancy, but I think women in the
state would like to make their own decisions, Liz Conmy, Democratic representative for North Dakota, via 'The Guardian'
Credit: Wibbitz Top Stories Duration: 01:31Published
OpenAI Chief Goes Before Congress , to Suggest Licenses for Building AI.
OpenAI CEO Sam Altman addressed
a Senate panel on May 16.
OpenAI CEO Sam Altman addressed
a Senate panel on May 16.
He said that AI's ability to compromise election integrity is a "significant area
of concern," Reuters reports.
Altman went on to say that AI
development needs regulation.
I think we also need rules, guidelines, on whatās expected
in terms of disclosure from a company providing a model.
I am nervous about it, Sam Altman, OpenAI CEO, via statement.
Altman suggests that licensing or registration requirements should be in place "for AI with certain capabilities," Reuters reports. .
This would help the U.S. to
establish and enforce safety standards. .
AI critics fear the technology will have far-reaching negative effects.
For example, prejudice and misinformation could be propagated.
Others suggest "AI could end humanity itself," Reuters reports.
An OpenAI employee recently suggested
creating an AI licensing agency called the
Office for AI Safety and Infrastructure Security (OASIS).
It remains to be seen whether
that will be made a reality
Credit: Wibbitz Top Stories Duration: 01:31Published
Congress Blocks US , Equal Rights Amendment .
On April 27, the United States Senate did not reach enough votes to preserve equal rights
for women in the Constitution.
Reuters reports that the failed
attempt comes a century after Congress
first proposed guaranteeing gender equality.
Reuters reports that the failed
attempt comes a century after Congress
first proposed guaranteeing gender equality.
Supporters of the resolution were
nine votes short of the 60 needed to
clear the chamber's filibuster hurdle.
Had it passed, the resolution would have removed
a 1982 deadline that has reportedly prevented
the Equal Rights Amendment from going into effect.
Had it passed, the resolution would have removed
a 1982 deadline that has reportedly prevented
the Equal Rights Amendment from going into effect.
Senate Majority Leader Chuck Schumer highlighted
the importance of the ERA after the Supreme Court
overturned Roe v. Wade last year.
Senate Majority Leader Chuck Schumer highlighted
the importance of the ERA after the Supreme Court
overturned Roe v. Wade last year.
To the horror of hundreds of millions
of American people, women in
America have far fewer rights today
than they did even a year ago, Chuck Schumer, Senate Majority Leader, via Reuters.
Reuters reports that opponents of the ERA
argue the resolution could pave the way
for abortion being made a constitutional right.
The failure to pass the resolution is likely to
bolster the importance of women's rights in
the upcoming 2024 presidential election. .
It is long past time to
definitively enshrine the principle
of gender equality in the Constitution, White House, via statement.
Supporters of the ERA say it would guarantee equal pay and
rights in legal matters, while opponents point out that the
resolution would make women subject to a military draft
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk , Meets With Lawmakers , on Regulating AI.
On April 27, Elon Musk tweeted that he met with Senate
Majority Leader Chuck Schumer and other lawmakers
regarding the regulation of artificial intelligence.
On April 27, Elon Musk tweeted that he met with Senate
Majority Leader Chuck Schumer and other lawmakers
regarding the regulation of artificial intelligence.
CNBC reports that Musk
posted the tweet after
being spotted on Capitol Hill.
That which affects
safety of the public has,
over time, become regulated
to ensure that companies
do not cut corners, Elon Musk, CEO of Tesla, SpaceX and Twitter, via Twitter.
AI has great power
to do good and evil.
Better the former, Elon Musk, CEO of Tesla, SpaceX and Twitter, via Twitter.
Recently, Schumer launched an effort to create
a framework for regulation that fosters the rapidly-
advancing technology while minimizing the risks.
Recently, Schumer launched an effort to create
a framework for regulation that fosters the rapidly-
advancing technology while minimizing the risks.
CNBC reports that Schumer's plans focus on
transparency and thorough testing by experts
prior to AI systems being released to the public.
Last month, Musk was a high-profile signatory of
an open letter calling for a six-month pause on
āthe training of AI systems more powerful than GPT-4.ā.
Musk was a co-founder of ChatGPT
creator OpenAI, but he sold off his stake
in the company and left the board in 2018.
Musk was a co-founder of ChatGPT
creator OpenAI, but he sold off his stake
in the company and left the board in 2018.
Following his departure,
Musk has repeatedly warned that
OpenAI has strayed from its initial goals.
In response, OpenAI CEO Sam Altman said that while
he agreed with moving forward with caution, āThe letter,
I donāt think, was the optimal way to address it.ā.
In response, OpenAI CEO Sam Altman said that while
he agreed with moving forward with caution, āThe letter,
I donāt think, was the optimal way to address it.ā
Credit: Wibbitz Top Stories Duration: 01:31Published
Killer Whales , Coordinate Attacks on Sailboats, , Say Observers.
Several attacks on sailboats have occurred in recent years around different areas of the European coast.
Sailors have reported orca attacks that seem to be coordinated.
On Facebook, one sailor described what he witnessed.
[Six] orcas arrived, 2 adults very big, 4 smaller ones, JP Derunes, Sailor, via ABC News.
Both rudders destroyed and blocked ā¦ Boat to be hauled off later this week, JP Derunes, Sailor, via ABC News.
The attack Derunes described followed another attack on a yacht in the Strait of Gibraltar that occurred in early May.
The yacht was attacked by three orcas and was eventually sunk.
The yacht was attacked by three orcas and was eventually sunk.
In 2020, 15 incidents involving humans and orcas were recorded.
One particular orca that scientists have called "White Gladis" seems to have initiated the attacks.
Some scientists think it's possible that White Gladis suffered some trauma involving a boat.
It is possible that Gladis' aggressive behavior against humans is now being imitated by other orcas.
Biologists state that most human interactions with orcas are harmless.
In more than 500 interaction events recorded since 2020 there are three sunken ships. , Alfredo LĆ³pez Fernandez, Biologist at the University of Aviero, via ABC News.
We estimate that killer whales only touch one ship out of every hundred that sail through
a location, Alfredo LĆ³pez Fernandez, Biologist at the University of Aviero, via ABC News
Credit: Wibbitz Top Stories Duration: 01:30Published
Elon Musk Says Heās Picked , a New Twitter CEO.
Musk made the announcement on May 11.
He plans to pass the baton to
someone else in about six weeks.
In December, Musk said he'd step down as CEO once he came across someone "foolish enough to take the job," ABC News reports.
He made the remarks after a Twitter poll indicated that 57.5% of people didn't want him as CEO.
Since acquiring the social media company, Musk has cut close to 75% of Twitter's staff.
The company endured an hours-long user outage in February and had to implement an emergency fix, ABC News reports.
In an attempt to combat decreasing ad revenue, Musk has made several changes to the platform.
For example, now, a subscription grants account verification, which has garnered a lot of backlash
Credit: Wibbitz Top Stories Duration: 01:30Published
Nate Silver , Is Leaving ABC News.
'New York Post' reports that the founder of FiveThirtyEight, Nate Silver, will not have his ABC contract renewed when it expires this summer.
'New York Post' reports that the founder of FiveThirtyEight, Nate Silver, will not have his ABC contract renewed when it expires this summer.
On April 25, the popular statistician
tweeted that he is part of
Disney's latest round of layoffs. .
Disney layoffs have substantially
impacted FiveThirtyEight, Nate Silver, founder of FiveThirtyEight, via Twitter.
I am sad and disappointed
to a degree thatās kind of
hard to express right now, Nate Silver, founder of FiveThirtyEight, via Twitter.
I had been worried about
an outcome like this and so have
had some great initial conversations
about opportunities elsewhere, Nate Silver, founder of FiveThirtyEight, via Twitter.
I had been worried about
an outcome like this and so have
had some great initial conversations
about opportunities elsewhere, Nate Silver, founder of FiveThirtyEight, via Twitter.
'New York Post' reports that a source with knowledge of the situation claims ABC News is likely to keep the FiveThirtyEight brand name.
'New York Post' reports that a source with knowledge of the situation claims ABC News is likely to keep the FiveThirtyEight brand name.
The source said that the network plans to
streamline the site prior to the 2024 election.
ABC News remains dedicated to data
journalism with a core focus on politics,
the economy and enterprise reporting ā
this streamlined structure will allow us to
be more closely aligned with our priorities
for the 2024 election and beyond, ABC News spokesperson, to 'The Hollywood Reporter'.
ABC News remains dedicated to data
journalism with a core focus on politics,
the economy and enterprise reporting ā
this streamlined structure will allow us to
be more closely aligned with our priorities
for the 2024 election and beyond, ABC News spokesperson, to 'The Hollywood Reporter'.
We are grateful for the invaluable
contributions of the team members
who will be departing the organization
and know they will continue to
make an important impact
on the future of journalism, ABC News spokesperson, to 'The Hollywood Reporter'.
We are grateful for the invaluable
contributions of the team members
who will be departing the organization
and know they will continue to
make an important impact
on the future of journalism, ABC News spokesperson, to 'The Hollywood Reporter'
Credit: Wibbitz Top Stories Duration: 01:31Published
GM and Samsung to Build , Joint EV Battery Plant in US.
GM and Samsung to Build , Joint EV Battery Plant in US.
General Motors and Samsung SDI
made the announcement on April 25.
General Motors and Samsung SDI
made the announcement on April 25.
They will invest over $3 billion
in the joint venture, ABC News reports.
We will do our best to provide the products featuring the highest level of safety and quality produced with our unrivaled technologies to help GM strengthen its leadership in the EV market, Yoon-ho Choi, Samsung SDI President and CEO, via statement.
The new factory is expected to open in
2026 and create thousands of jobs,
but its location has yet to be disclosed.
The announcement comes as South Korean President Yoon Suk Yeol is in America
visiting with President Biden.
The U.S. and South Korea are
commemorating "the 70th anniversary
of their alliance," ABC News reports.
At full production, the new factory will reportedly push GM's battery cell capacity in the U.S. to approximately 160 gigawatt hours. .
GM previously made a pledge to
only produce electric vehicles by 2035.
This will be GM's fourth joint venture
for manufacturing battery cells.
The three others are with LG Energy Solution.
With multiple strong cell partners, we can scale our EV business faster than we could going it alone, Doug Parks, GM executive, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Unemployment , Continues to Rise , Amid Economic Uncertainty.
ABC News reports that the number of Americans
applying for unemployment benefits remains
relatively low, despite rising last week. .
On April 20, the Labor Department
reported that jobless claims in the U.S.
rose by 5,000 to reach 245,000.
On April 20, the Labor Department
reported that jobless claims in the U.S.
rose by 5,000 to reach 245,000.
At the beginning of 2023,
weekly claims were at about 200,000
and have steadily been climbing higher. .
At the beginning of 2023,
weekly claims were at about 200,000
and have steadily been climbing higher. .
As of the week ending April 8, 1.866 million
Americans were collecting unemployment benefits,
up from 1.53 million just one year earlier. .
ABC News reports that the U.S. job market remains
healthy, with employers adding 236,000 jobs
in March, which is strong by historic standards.
While the (claims) levels are still historically low, the number of people collecting unemployment benefits has definitely been on the rise this year, .., Stephen Stanley, chief U.S. economist at Santander, via ABC.
... another signal that the labor market,
though still hot, is coming back toward
a more balanced/normal state, Stephen Stanley, chief U.S. economist at Santander, via ABC.
The Federal Reserve is looking to secure
a soft landing by lowering growth enough to
control inflation but without triggering a recession.
The Federal Reserve is looking to secure
a soft landing by lowering growth enough to
control inflation but without triggering a recession.
ABC reports that economists remain
skeptical on whether or not the Fed will be
able to achieve the desired soft landing.
Many economists have predicted that the United States
will officially enter into a recession later in 2023
Credit: Wibbitz Top Stories Duration: 01:31Published
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Hitting out at Congress and some other opposition parties over their decision to boycott the inauguration of the new Parliament building, Home Minister Amit Shah.. IndiaTimes
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