Republicans secured a majority in the House of Representatives; Thanksgiving dinner prices up 20% compared to last year; and Starbucks workers were set to go on strike. These stories highlight the Daily Rundown for Thursday, Nov. 17, 2022. Republicans secure House majority – More than a week after the midterm elections, Republicans reached the 218-seat threshold…

Republicans win: Republicans will take a majority in the House of Representatives. Although it’s still unclear exactly what the final balance of power will be, current return data indicates they will win at least the 218 seats necessary to control the chamber. Control of the House is crucial for 3 main reasons: 1. Legislation  The…

It’s the most critical time of the year for retail stores but Target isn’t feeling the holiday cheer. The company’s huge miss in earnings in the third quarter sent shares tumbling more than 16% Wednesday morning and forecast more doom for the company’s holiday season. Target said shoppers were increasingly feeling the impact of inflation…

While the balance of power in Congress and notable gubernatorial races were on the minds of many Americans during the 2022 midterm elections, less publicized ballot measures securing rent stabilization and affordable housing also had success last week. According to National Low Income Housing Coalition President and CEO Diane Yentel, dozens of proposals raising money…

Highlighting his trip to the Cop27 global climate meeting in Egypt, President Joe Biden announced a supplemental rule cracking down on methane emissions. Friday’s announcement follows up on a rule he announced last year at Cop26 in Scotland. Last year’s rule targeted emissions from existing oil and gas wells nationwide, rather than focusing only on…

Did the pollsters blow it again? In 2016, American voters were taken by surprise when Donald Trump won the presidential election over Hillary Clinton, despite polls predicting otherwise. Pollsters were criticized for underestimating the enthusiasm of Trump supporters. This time around, in the 2022 midterm elections, polling numbers suggested Republicans would win big, but the…

Inflation is easing as consumer prices in October rose 7.7% from a year ago, the lowest annual gain since January 2022. The increase recorded by the Bureau of Labor Statistics was below analyst expectations of 7.9%. Monthly prices also fell below expectations, up 0.4% compared to 0.6% expected. Annual core inflation, which strips out food…

Massachusetts voters decided to add an extra 4% income tax on individuals making more than $1 million per year. The approved ballot measure will take effect Jan. 1, 2023. The ballot measure states the extra revenue will be appropriated by the legislature and used for public education, public colleges and universities, and to repair and…

Republican Congressman Don Bacon has secured his seat for Nebraska’s 2nd Congressional District, beating out Democratic opponent Tony Vargas. Experts say it really came down to who showed up at the polls. Bacon represents what’s arguably one of the most evenly split districts in the country. “I think it generally supports more conservative policies,” Bacon…

Michigan Gov. Gretchen Whitmer, D, has won a second term in office. The incumbent defeated Republican challenger Tudor Dixon. The race turned out to be close in the end, but in August, Whitmer held a 17-point lead. Dixon closed the gap and was within four points of Whitmer in the days leading up to the…