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.

Consumer Inflation Fears Surge To Highest Point In Over Three Years, New York Fed Survey Reveals

The New York Federal Reserve’s latest Survey of Consumer Expectations shows Americans are growing increasingly anxious about rising prices heading into late 2026. The median one-year inflation outlook jumped to 3.9% in September, up 0.3 percentage point from August and the highest reading since May 2023, when it stood at 4.1%. Household spending growth expectations…

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ICE Investigated Hundreds Of Voter Registration Nonprofits And Potentially Fed State Voter Data Into Palantir (PLTR) System

ICE has spent the past year scrutinizing nonprofit organizations that help Americans register to vote, raising serious civil liberties concerns across the country. Internal government documents obtained by the legal nonprofit Democracy Forward reveal that Homeland Security Investigations, ICE’s investigative arm, examined hundreds of voter registration organizations nationwide. The review included at least 82 organizations…

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AST SpaceMobile (ASTS) Faces $3.2 Billion Cash Burn Despite U.S.-Japan Satellite Backing

Wall Street analysts project AST SpaceMobile will burn through approximately $3.2 billion in cash before reaching positive free cash flow in 2029. The company received a significant diplomatic boost after a U.S.-Japan joint statement welcomed its satellite partnership with Rakuten, sending shares up more than 8% intraday on October 6. The statement followed an October…

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RTX’s RAM Missile Contracts Signal Steady Naval Defense Growth Ahead

RTX Corporation (RTX) is increasingly well-positioned to capture rising demand for naval missile defense as the U.S. Navy and allied forces modernize their protection against advanced airborne threats. The company’s Raytheon business has maintained a long-standing role in the Rolling Airframe Missile program, supporting continued production and sustainment of the system across naval platforms. RAM…

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Newsom Calls Trump “Deranged And Dangerous” After President Suggests Iran Should “Take Out” Los Angeles

California Governor Gavin Newsom is sharply condemning President Donald Trump after remarks at a Nebraska rally suggested Iran could attack American cities. Trump made the comments at a political rally in Grand Island, Nebraska, roughly one month before midterm elections that could return Democrats to congressional control. “They can take out a city. Let ’em…

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Rigetti Computing (RGTI) And D-Wave Quantum (QBTS) Go Head-To-Head As Quantum Stocks Battle For Investor Dollars

Quantum computing remains years behind artificial intelligence in reaching commercial viability, yet investors are already racing to position themselves in the sector. Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) have emerged as two of the most popular pure-play quantum computing picks available on Wall Street today. Both companies have secured meaningful backing from the U.S….

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Elderly Woman’s Basement Stair Fall Raises Urgent Questions About Home Safety For Seniors

A woman in her 80s suffered a devastating fall down her basement stairs, leaving her in severe pain and facing serious medical complications afterward. The fall resulted in injuries so severe that the woman developed pleural effusion, a condition involving fluid buildup between the lungs and ribs that compressed her lungs. “The pain was excruciating,”…

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GOP Committee Chair Pushes Back On Sam Altman’s AI Risk Acceptance Stance

OpenAI CEO Sam Altman has drawn sharp criticism from a Republican committee chair after publicly suggesting the world should tolerate some harmful AI outcomes. Altman made the remarks in an interview with Politico’s Decoded newsletter, where he argued that the public should accept certain downsides of artificial intelligence in exchange for its broader benefits. “The…

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