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Thursday, feb 27
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44°
Thursday, feb 27
Tag:
Economics
Politics
Trump Wants US Treasury To Stop Making Pennies: Here's Why
President Donald Trump is calling for an end to the production of pennies, arguing that the cost of minting them far exceeds their actual value. As he departed the Super Bowl in New Orleans on Sunday night, Trump took to Truth Social to announce his directive to halt penny production, calling it a "wasteful" government expense. "For far too long the United States has minted pennies which literally cost us more than 2 cents," Trump wrote. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The financial burden of the penny has long been debated. Acco…
Business
Marriott Plans To Lay Off Over 800 Corporate Employees
Global hotel chain Marriott International is planning to lay off hundreds of employees by the start of the new year. According to a Maryland Work Adjustment and Retraining Notification (WARN) filing, the company, based in Bethesda, listed 833 people slated to lose their jobs by Wednesday, Jan. 3. Despite the development, Chief Executive Officer Anthony Capuano said business is solid. "Our business momentum is excellent, and as a company that embraces change, we continue to evolve our business to support our global growth," Capuano said in a third-quarter earnings call late last month,…
Politics
Competitive Long Island, Hudson Valley Races Seen As Key To What Party Controls House
As Election Day draws closer, political pundits are closely watching three New York congressional races that could determine which party controls the House next year. Freshmen Republican Reps. Mike Lawler, Marc Molinaro, and Anthony D’Esposito – supporters of former President Donald Trump in districts won by President Joe Biden in 2020 – are all hoping for repeat wins in November. Here’s a closer look at their races. Mondaire Jones (left) and Rep. Mike Lawler. Campaign Facebook Pages 17th District: Lawler vs. Jones Lawler, whose 17th District represents all of Rockland and Pu…