Stories tagged: "economy"

North Carolina is finally getting a Wawa, the popular convenience store chain. (Shutterstock)
Good News Friday: NC Finally Gets a Wawa, And Our Wetlands Are Making a Comeback

Our weekly roundup of good news also has some cool national honors for three North Carolina cities.

FILE - Speaker of the House Kevin McCarthy, R-Calif., speaks at the Capitol in Washington, Thursday, April 20, 2023. The Democratic president and Republican congressional leader have each tried to assure the public in recent weeks that they don't want the government of the world's largest economy to default. But President Joe Biden has resisted McCarthy's calls for negotiations, while McCarthy is pushing a plan that can't pass the Democratic-majority Senate. (AP Photo/J. Scott Applewhite, File)
What Happens if America Defaults on Its Debt?

If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.

Aggie pride at NC A&T University in Greensboro. (Shutterstock)
Good News Friday: A Brand New Crayfish Species, Business Booms, and One Big Idea From a NC HBCU

Our weekly roundup of things to feel good about in North Carolina today.

SSpeaker of the House Kevin McCarthy, R-Calif., holds an event to mark 100 days of the Republican majority in the House, at the Capitol in Washington, Monday, April 17, 2023. McCarthy is hurtling toward one of the most consequential weeks of the new House Republican majority as he labors to pass a partisan package that would raise the nation's debt limit by $1.5 trillion in exchange for steep cuts that some in his own party oppose. (AP Photo/J. Scott Applewhite, File)
House GOP Passes Bill That Would Take Food and Healthcare From North Carolina Families

An estimated 399,000 North Carolina residents would lose access to food assistance, 8,000 kids would lose preschool and child care slots, and NC veterans would lose 284,200 doctors visits for issues like mental health and substance disorder treatment under the bill.

President Joe Biden tours semiconductor manufacturer Wolfspeed Inc., in Durham, N.C., Tuesday, March 28, 2023, with CEO Gregg Lowe and North Carolina Gov. Roy Cooper, right. (AP Photo/Carolyn Kaster)
In North Carolina, Biden Says GOP Policies Would Surrender Tech Economy to China

The president spoke at a Durham semiconductor maker about the billions of dollars in investments his administration has made in tech, climate change, and infrastructure.

President Joe Biden speaks in the East Room of the White House, Monday, March 27, 2023, in Washington. Biden will visit an expanding North Carolina semiconductor manufacturer on Tuesday as his administration launches an extended effort to spotlight the impact legislation passed earlier in the administration is having on the U.S. economy. (AP Photo/Alex Brandon, File)
In North Carolina, Biden to Compare Economic Plan with GOP’s

The president will visit expanding Durham company Wolfspeed Tuesday to talk about his administration's investment in infrastructure, COVID relief, and research.

President Joe Biden speaks about his 2024 proposed budget at the Finishing Trades Institute, Thursday, March 9, 2023, in Philadelphia. (AP Photo/Matt Rourke)
Biden’s Budget Would Tax Billionaires, Corporations to Strengthen Medicare, Expand Child Care, and Help Families

Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.