The U.S. Internal Revenue Service (IRS) issued an alert reminding retirees...
  March 15, 2025 | | |
| WORDS OF WISDOM | | "Faith makes all things possible... love makes all things easy." | | DWIGHT L. MOODY | | Good morning! Today, we're covering the passage of the government funding extension, consumer confidence plunging, and sanctions against Thai officials who sent Uyghurs to China. | | TOP STORIES | | | |
Senate Passes Funding Bill to Avert Government Shutdown The Senate approved a House-passed bill on Friday to extend government funding by six months, hours before a shutdown deadline. After days of speculation about its ultimate fate in the upper chamber, the Senate agreed to final passage of the bill in a 54–46 vote. The legislation now heads to the desk of President Donald Trump, who is expected to sign it.
Though a handful of Democrats voted to advance the bill earlier the same day, only Sens. Jeanne Shaheen (D-N.H.) and Angus King (I-Vt.) supported final passage. Sen. Rand Paul (R-Ky.) was the only Republican to oppose the package, citing budget concerns.
The legislation, which passed the House on March 11 in a 217–213 vote, extends government funding through Sept. 30, the final day of the fiscal year. It increases defense spending by about $6 billion while cutting non-defense spending by $13 billion compared to last year's levels. Overall, the measure reduces spending by about $7 billion from the previous year. (More) | |
Consumer Confidence Tumbles as Inflation Expectations Jump Confidence among American consumers fell sharply in February, hitting a 29-month low, while long-run inflation expectations recorded their biggest monthly jump in 32 years, according to the latest University of Michigan consumer sentiment survey.
The data suggest that U.S. households are bracing for some uncertainty—possibly turbulence—which the Trump administration says will be a short-lived "detox" period as tariffs and other policies take effect, and as government spending shifts to the private sector.
The University of Michigan's closely watched consumer confidence survey, released on March 14, showed sentiment plunging 11 percent last month to a preliminary reading of 57.9, down from 64.7 in January and the lowest level since November 2022. The index has now dropped 22 percent since December, when post-election enthusiasm over President Donald Trump's pro-business policies sent confidence soaring. (More) | |
US Sanctions Thai Officials for Deporting Uyghurs to China The United States sanctioned Thailand officials in response to the deportation of 40 Uyghurs to China, where the ethnic group has faced continued suppression.
Several weeks ago, Thailand sent back the 40 Uyghurs held in its custody for more than a decade. The sanctions apply to Thai officials responsible for the deportation decision, as well as other current and former foreign officials who played a part in deporting Uyghurs and other ethnic or religious groups with "protection concerns" to China.
"We are committed to combating China's efforts to pressure governments to forcibly return Uyghurs and other groups to China, where they are subject to torture and enforced disappearances," Secretary of State Marco Rubio said.
Thailand previously defended its decisions, saying that the Uyghurs were sent back in accordance with Thai and international law. However, Vice Minister of Foreign Affairs Russ Jalichandra acknowledged earlier this month that the return of Uyghurs was out of concern about possible retaliation from the Chinese regime. (More) How did you enjoy today's Morning Brief? Tell us what you think here. | | MORE TOP NEWS | | | | | | | | | | | | | | PREMIUM | | | | INSPIRED | | | | EPOCH TV | | | | | | OPINION | | | | | | EPOCH FUN | | | |
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