Mitch Caves on Debt -- But You're Gonna Love Your 401ks

                                                           

After months of suggesting they wouldn't help Democrats raise the debt ceiling, Mitch McConnell did exactly that on Thursday.      October 07, 2021   Today's Top Stories From the Breitbart News Desk After months of suggesting they wouldn't help Democrats raise the debt ceiling, Mitch McConnell did exactly that on Thursday. We at the BBD were more cynical, thinking eventually Mitch would cave. But why did he blink so quickly? It's hard to know exactly, but the coming Columbus Day recess was likely a factor. The simple bill raises the debt $480 billion -- until the next inevitable hike. The debt limit "fight" will resume in December. The focus in Washington will now return to the Democrats' various spending plans, which is still high drama. Don't let the media fool you: Biden's efforts to bridge the gap between the Bernie Sanders-wing and the Joe Manchin-wing of his own party is a much bigger stress for him than whatever GOP "obstructionism" the media wants you worried about. Good news on the economic front emerged on Thursday with jobless claims declining to a somewhat reasonable 326,000 tally and polls showing that Americans plan to celebrate Halloween at pre-pandemic levels despite lingering coronavirus Delta variant cases and new restrictions popping up throughout the country. It appears as though many Americans are attempting to get back to their lives despite the constant cultural fear-mongering. Stocks rose in major indexes Thursday for the aforementioned reasons. Other noteworthy data highlighted today at Breitbart News: Used car prices rose to another record with inventory at an all-time low. The end of our supply chain problems are still nowhere in sight. The Bidenflation is costing Americans on average $175 per month. Look for that number to go up. Global food prices are the highest they have been in a decade. Thanks, globalists! Monthly employment data drops tomorrow, so stay tuned for that in tomorrow's letter. – Alex Marlow & John Carney Breitbart News Network     TOP STORY   Kellogg's Faces Left-wing Boycott in Solidarity with Cereal Workers on Strike Left-wing groups are calling for a consumer boycott of Kellogg's cereals in solidarity with 1,400 workers who have gone on strike to protest what they say are grueling working conditions, and threats by management to move their jobs to Mexico. The Associated Press reported Tuesday: The union and the Battle Creek-based company have been at an impasse at the bargaining table for more than a year, said Daniel Osborn, president of the local union in Omaha. The dispute involves an assortment of pay and benefit issues such as the loss of premium health care, holiday and vacation pay and reduced retirement benefits. [Click here for more]   IN OTHER STORIES... Moody's Economist: Biden's Inflation Costing Average Americans an Extra $175 Per Month President Biden's inflation is reportedly costing average American households an extra $175 per month. "For households earning the U.S. median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel and housing," chief economist at Moody's Analytics Mark Zandi told... [Click here for more]   Joe Biden Considers Tariff Exemptions for Over 500 'Made in China' Products President Joe Biden's administration is considering providing tariff exemptions for more than 500 products made in China — a potential boon to corporations who continue offshoring to the communist country. This week, United States Trade Representative (USTR) Katherine Tai said the administration would continue to preserve tariffs on hundreds of billions of dollars worth of Chinese products first imposed by former President... [Click here for more]   Jobless Claims Decline to 326,000 The number of Americans filing new claims for unemployment benefits dipped to 326,000 in the week ended October 2, a decline of 38,000 from the previous week, the Department of Labor reported Thursday. The number of Americans submitting jobless claims is falling as the enhanced federal unemployment benefits are starting to wind down. The Labor Department noted that extended benefits were only available in four states during... [Click here for more]   Democrat, Republican Leaders Strike Deal on Debt Ceiling Senate leaders struck a deal Thursday to avoid a government shutdown, extending the debt ceiling into December. Senate Majority Leader Chuck Schumer (D-NY) announced the agreement between him and Senate Minority Leader Mitch McConnell (R-KY), which would raise the debt ceiling by $480 billion through December 3. Government funding will also expire on... [Click here for more]   SEC Sued over Nasdaq's 'Diversity' Rule for Race, Gender, LGBTQ Quotas on Boards The National Center for Public Policy Research, a conservative think tank advocating free market policies, sued the U.S. Securities and Exchange Commission (SEC) on Tuesday after it approved the Nasdaq's controversial "diversity" rule. As the Associated Press reported recently: [Click here for more] FOLLOW   Did you receive this email from a friend? Sign up to receive Breitbart Business Digest.   ©2021 Breitbart News 149 S. Barrington Ave. #401 Los Angeles CA 90049 USA     Want to change how you receive these emails? You can *update your preferences or *unsubscribe from this list.  Subscription Information This message was sent to  Webmaster220 Bible Study Blog *the blog owner has deleted the hyperlink intentionally   Known for his network of conservative Web sites that draws millions of readers everyday, Breitbart had one main goal: to make sure the "liberally biased" major news outlets in this country cover all aspects of a story fairly. Breitbart is convinced that too many national stories are slanted by the news media in an unfair way. Here, Breitbart talks about the key issues that Americans face, how he has aligned himself with the Tea Party, and how one needs to deal with the liberal news world head on. Buy from Alibris.com Righteous Indignation: Excuse Me While I Save the World! by Andrew Breitbart  Buy from Books-A-Million.com Righteous Indignation: Excuse Me While I Save the World! by Andrew Breitbart