Washington, D.C. - In a decisive, bipartisan victory, the U.S. Senate has overwhelmingly passed the Social Security Fairness Act, a landmark bill promising to deliver retirement security to millions of public sector retirees. This monumental legislation, approved with a commanding 74-20 vote, now awaits President Joe Biden's signature to become law.
(January 9, 2024)—Big Lots, the once-popular discount retailer, announced today it will close all stores nationwide after a failed acquisition deal, marking a definitive end for the struggling chain. Following a September Chapter 11 bankruptcy filing, Big Lots had been negotiating to sell its assets to private equity firm Nexus Capital Management. However, the deal collapsed, forcing the company to initiate "going out of business" sales at all 963 remaining US locations.
Washington, D.C. - In a dramatic race against the clock, the U.S. House of Representatives overwhelmingly passed a stopgap funding bill late Friday evening, narrowly averting a federal government shutdown. The decisive 366-34 vote came just hours before the midnight deadline, ensuring the continuity of government operations through the holiday season and into the new year.
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