Local Business
09/25/2026 · Moore County
U.S. Federal Debt Reaches $40 Trillion
The United States federal debt has surpassed $40 trillion, doubling since 2017. Annual interest payments on this debt now cost the government more than $1 trillion.
Fed Chair Warsh Addresses Inflation, Considers Rate Hikes
Federal Reserve Chairman Kevin Warsh stated that efforts to control inflation continue. Speaking at the Jackson Hole economic symposium, Warsh did not commit to an interest rate hike but also did not exclude the possibility.
09/25/2026
Social Security Changes Planned for 2027
Social Security will implement several changes starting in 2027. These include a new formula for Cost-of-Living Adjustments for beneficiaries reaching a specific age, modifications to Medicare Part B premiums, and updated maximum taxable earnings.
09/25/2026
Saudi Arabia Closes Key Oil Pipeline After Drone Attack
Saudi Arabia has shut down a major oil pipeline following a drone attack. The incident occurs amidst ongoing regional unrest affecting Middle Eastern energy supplies.
09/25/2026
Legal Questions Arise Over Trump's New Canadian Tariffs
President Trump's administration has proposed new tariffs on Canadian goods, invoking Section 338 of the Trade Act of 1974. Legal experts note this specific authority has not been previously used or challenged in court. The move raises questions about the extent and judicial interpretation of presidential trade powers.
09/25/2026
Trump Announces Venezuela Oil Reserve Agreement
President Trump stated Friday his administration reached an agreement with Venezuela. He described the deal as a "sweeping agreement" that could provide the United States with access to a significant portion of Venezuela's undeveloped oil reserves. Trump indicated the agreement encompasses 65 billion barrels of oil.
09/25/2026
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