Thomas Shelter

Thomas Shelter has been a keen follower of US politics for over two decades. His reporting for Congress.net primarily focuses on legislation, party politics, and business news.

S&P 500 (^GSPC) Futures Inch Higher As Bond Yields And Weak Manufacturing Cloud Market Outlook

US equity futures are trading slightly higher Monday morning, with E-mini S&P 500 contracts up roughly 0.1% and Nasdaq-100 futures gaining around 0.6%. The overall backdrop remains complicated, as global bond yields continue climbing and put pressure on borrowing costs for households and businesses alike. The US 10-year yield moved approximately 6.8 basis points higher,…

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L3Harris (LHX) Bets On International Expansion To Drive Future Revenue Growth

L3Harris Technologies (LHX) is aggressively expanding its footprint across international markets, positioning itself to serve a much broader customer base beyond U.S. borders. In fiscal 2025, the company’s international revenues reached $4.8 billion, accounting for 22% of total revenues across its global operations. L3Harris serves customers in more than 100 countries, giving the company exposure…

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Grassley Calls On Trump To Impose Diesel Export Embargo As Prices Hammer Farmers And Truckers

Iowa Senator Chuck Grassley is pressuring President Trump to restrict diesel exports as skyrocketing fuel prices squeeze farmers and truckers across the country. Grassley, a Republican, took to the social platform X over the weekend to make his case directly and forcefully to the president. “[W]hy doesn’t Pres Trump put an embargo on diesel exports…

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Consumer Faces Bankruptcy Decision With $125,000 In Credit Card Debt And $17,000 Monthly Income

A consumer carrying $125,000 in credit card debt is weighing bankruptcy options while receiving $17,000 per month in combined income that includes disability payments. The central question involves whether that level of monthly income, partly drawn from disability benefits, could complicate or disqualify a bankruptcy filing. Bankruptcy law in the United States distinguishes between different…

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Florida Republican Defends Trump’s Venezuela Strategy, Calls Interim Leader A “Necessary Evil”

Rep. María Elvira Salazar (R-Fla.) is defending the Trump administration’s decision to engage with Venezuela’s interim leader Delcy Rodríguez, despite her own history of sharp criticism toward the figure. Salazar appeared on CBS News’ Face the Nation with Margaret Brennan on September 20, 2026, where she offered a blunt but pragmatic assessment of the controversial…

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The White House

Florida Republican Defends Trump’s White House Press Bans, Calls Him Most Accessible President In Recent Years

Rep. Maria Elvira Salazar (R-Fla.) defended President Trump’s decision to ban reporters from CNN, Politico, and MS NOW from White House access this past Sunday. Salazar made her comments during an appearance on CBS News’s “Face the Nation,” speaking directly with anchor Margaret Brennan about the controversial press restrictions. “I think that he has his…

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Palantir (PLTR) Looks Overpriced As RTX And Northrop Grumman Offer Stronger Defense Value

Palantir Technologies (PLTR) commands enormous attention in defense tech circles, but investor concerns center on valuation rather than the underlying business itself. The company’s growth remains heavily concentrated in the U.S. market, and its software contracts offer less revenue visibility than long-term agreements held by traditional defense contractors. That lack of visibility is a meaningful…

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