WASHINGTON, Jan. 17 -- Sen. John Thune, R-South Dakota, issued the following commentary: * * * Addressing Illegal Immigration Crisis Is Republicans' Top Priority During the Biden administration, more than 10 million illegal immigrants entered the United States. That's more people than the population of most states. This crisis has affected both border communities and places far from the border, including places like South Dakota. And we've all heard the tragic stories of Americans killed by i  more

WASHINGTON, Jan. 14 -- The U.S. Department of Defense issued the following news: NAVY RQ Construction LLC, Carlsbad, California (N69450-25-D-0011); Centerra Integrated Services LLC, Herndon, Virginia (N69450-25-D-0012); Islands Mechanical Contractor Inc., Middleburg, Florida (N69450-25-D-0013); Hasen JV*, New Braunfels, Texas (N69450-25-D-0014); and King & George LLC, Fort Worth, Texas (N69450-25-D-0015), are awarded a combined $249,000,000 firm-fixed-price, indefinite-delivery/indefinite-qua  more

WASHINGTON, Jan. 18 -- The U.S. Department of Defense issued the following news: * * * Contracts for Jan. 17, 2025 NAVY Lockheed Martin, Rotary and Mission Systems, Moorestown, New Jersey, is awarded a $280,418,928 cost-plus-fixed-fee, cost-plus-incentive-fee, and cost type modification to previously awarded contract N00024-23-C-5101 for combat systems engineering efforts of the planned modernization and new combat system capabilities selection for international partner Canadian Royal Navy   more

RICHMOND, Virginia, Jan. 18 (TNSres) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 25-03) in January 2025 by Zhu Wang entitled "Buy Now, Pay Later: Market Impact and Policy Considerations". Here are excerpts: * * * "Buy now, pay later" (BNPL) programs have become a popular form of consumer payment. It is a type of short-term financing that allows consumers to make purchases and pay for them in installments, typically interest-free. In practice, BNPL services  more

RICHMOND, Virginia, Jan. 18 (TNSres) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 25-02) in January 2025 by Nicolas Morales entitled "Supply Chain Resilience and the Effects of Economic Shocks". Here are excerpts: * * * Supply chains have long been integral to the U.S. economy, allowing firms to capitalize on specialization and efficiency. However, recent developments like the COVID-19 pandemic, global geopolitical tensions and increasing climate risk have   more

NEW YORK, Jan. 18 (TNSres) -- The Federal Reserve Bank of New York issued the following staff report (No. 1140) in December 2024 by Adam Copeland and R Jay Khan entitled "Repo Intermediation and Central Clearing: An Analysis of Sponsored Repo." Here are excerpts: * * * This paper evaluates the salient forces behind a dealer-intermediary's decision to move a bilateral repo transaction with a customer into central clearing. We provide evidence that dealers turn to sponsored repo on occasions wh  more

WASHINGTON, Jan. 18 (TNSFR) -- The U.S. Fish and Wildlife Service (USFWS) has completed an inventory of human remains and associated funerary objects at the Iroquois National Wildlife Refuge in New York, confirming a cultural affiliation with the Tonawanda Band of Seneca. The remains of at least two individuals were identified, accompanied by seven associated objects, including ground stone gorgets, a lithic flake, a pipe stem, worked antler, faunal remains, and a ceramic fragment. These items  more