Supreme Court Justice Breyer to Retire

January 24 - 28, 2022
 

GetSmart: Route 66 rumble strips make music

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NewsBites

U.S. GDP rose 6.9% in the 4th quarter of 2021, up from 2.3% in the 3rd quarter and much higher than economist projections (5.5%).

Nancy Pelosi seeking reelection: The current Speaker of the House, Nancy Pelosi, announced she will seek re-election in the fall. Pelosi, who first assumed office in 1987, said, “While we’ve made progress, much more needs to be done to improve people’s lives.” Pelosi, 81, didn’t say whether she would run to remain the Speaker of the House.

More: Pelosi serves in California’s 12th district.

Fed to raise interest rates: Following the conclusion of its monthly meeting, the Fed said interest rate increases are coming, indicating the first hike could come in March. If true, it would mark the first interest rate lift since 2018. With inflation running at 40-year highs, Fed Chairman Jerome Powell said the central bank could move ag…