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The Congressional Budget Office said Monday that the U.S. economy could be .7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus.The CBO, which had already issued a report forecasting a severe economic impact over the next two years, expanded that forecast to show that the severity of the economic shock could depress growth for far longer.The new estimate said that over the 2020-2030 period, total GDP output could be .7 trillion lower than CBO had been projecting as recently as January. That would equal 5.3% of lost GDP over the coming decade.After adjusting for inflation, CBO said the lost output would total .9 trillion, a loss of 3% of inflation-adjusted GDP.CBO called this a “significant markdown” in GDP output as a result of the pandemic.“Business closures and social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce U.S. investment in the energy sector,” CBO Director Philip Swagel said in a letter.“Recent legislation will, in CBO’s assessment, partially mitigate the deterioration in economic conditions,” Swagel said in the letter to Sens. Chuck Schumer, D-N.Y., and Bernie Sanders, I-Vt. The two had requested the information as a way to pressure Republicans to follow the lead of the House and pass more economic relief.“Last week we learned that over 40 million Americans lost their jobs as a result of this horrific pandemic,” Schumer and Sanders said in a joint statement. “Today, the CBO tells us that if current trends continue, we will see a jaw-dropping trillion reduction in economic growth over the next decade.”Schumer and Sanders said Republicans should stop blocking legislation to provide more assistance given that 40 million workers have lost their jobs already.“In order to avoid the risk of another Great Depression, the Senate must act with a fierce sense of urgency,” Schumer and Sanders said.The CBO is forecasting that the GDP, which shrank at a 5% rate in the first three months of this year, will fall at a 37.7% rate in the current April-June quarter, the biggest quarterly decline on record.The CBO also issued a separate report detailing a cost estimate for a .4 trillion COVID-19 rescue bill that passed the Democratic-controlled House in mid-May. That legislation is built around 5 billion in aid to state and local governments, another ,200 payment to most American workers, and additional aid to colleges and local school districts. The price tag is slightly higher than a back-of-the-envelope figure provided by Democrats when the measure passed.Senate Republicans have dismissed the proposal as a wish list but have yet to unveil any proposal to counter it. 2817
The Department of Education has opened a preliminary investigation of institutions named in the Department of Justice investigation into admissions scams, documents obtained by CNN show.Eight universities -- Georgetown, Stanford, UCLA, the University of San Diego, the University of Southern California, the University of Texas at Austin, Wake Forest and Yale -- received letters informing them of the preliminary investigation and requesting written answers to questions pertaining to the Justice Department's investigation.The questions include the names of employees charged, students whose admissions have been mentioned in connection with the case, and all admissions records and policies since 2009.The letters say that "this preliminary investigation will examine whether there is evidence of any violation of the law or regulations governing the Federal student financial aid programs. "Education Secretary Betsy DeVos said last week that the department would review whether any regulations were violated in connection with the scheme.Prosecutors have charged 50 people, including 33 wealthy parents, for carrying out a scheme to cheat on standardized tests and/or bribe college coaches, who then helped the prospective students gain admission by falsely claiming they were athletic recruits.In a statement, DeVos called the alleged actions by the parents, some of whom allegedly paid more than million to secure admission, "disgraceful.""Every student deserves to be considered on their individual merits when applying to college and it's disgraceful to see anyone breaking the law to give their children an advantage over others," DeVos said. "The department is looking closely at this issue and working to determine if any of our regulations have been violated."The nationwide scandal revealed in multiple indictments earlier this month rekindled conversations about fairness in and access to higher education, where the ability to pay, legacy status, and other connections have long played a role in admission.The Education Department investigates anti-discrimination standards for schools, oversees the organizations that accredit colleges and universities, and regulates eligibility and rules for federally-funded financial aid programs.Schools have 30 days to submit their responses.< 2317

The holiday season is wrapping up, those presents open and bellies are full. But beware, holiday Grinches are still out there ready to steal.Year after year, the number of post-holiday scams popping up are on the the rise, taking your new present away before they can even be used. Those scams target presents like gift cards or new pieces of technology, like a smart TV or new computer. The biggest post-holiday scams out there hit gift cards to specific stores like Starbucks or Best Buy and even generic Visa or MasterCard debit gift cards. They usually target when people go to check their balance online, according to the Better Business Bureau. They often lead you to a fake website, either from an internet search or a fake email that popped into your inbox. The fake website, which often looks like the real website, asks for the gift card number and the pin/security code. Once you click submit on the fake site, the scammers have all the information and can start using it and your gift money is gone. But this year's scams don't just affect gift cards. As technology gets smarter, like our computers and smart TVs, scammers are turning into hackers to get to your personal information. Before you even start using that new smart TV, computer or other piece of technology, make sure you update it. The prompts will usually appear on the screen or you can find them inside the "settings" or "about" windows on the device. Also, make sure you register the device to your email address. That won't just help with the warranty, it will also make sure you get email updates if there are security breaches. Those software updates are vital to keeping your personal information secure. 1733
The center of Hurricane Dorian made landfall at 8:35 a.m. Friday over Cape Hatteras, North Carolina, with maximum sustained winds near 90 mph, according to the National Hurricane Center.Overnight, the storm lashed parts of North Carolina and Virginia with rain, storm surges and strong winds as it brushed up against the coast as a Category 1 storm.Before it lost some of its strength early Friday, Dorian caused flooding in parts of the Carolinas and spawned a number of tornadoes, officials said. More than 387,000 people were left in the dark in South Carolina, North Carolina and Virginia, 606
The memory of serving in war still haunts veteran Matthew Kahl. "I'd seen things. I'd done things that were no person no person should ever have to do,” Kahl says. Kahl was deployed to Afghanistan twice in four years. Since serving, he’s tried twice to take his own life."I tried to commit suicide. I found every medication in the house cold medications, Tylenol, everything,” he recalls. “And I took them all, everything. Every last bit." Kahl says doctors tried to help by him by prescribing numerous different medications. “Ninety-six medications over the course of three to four years," he says. But he says all of these drugs, many of them anti-depressants, didn't fix his problem. "The traditional treatment caused me to be a zombie. It toned down the feelings,” he says. “It eliminated the feelings. It completely removed all the ability to connect with your issues your trauma." Then, he says he took a more natural route. First, he tried cannabis, but then, he went to psychedelic drugs, like psilocybin mushrooms. "Mushrooms, it was like magic. They fixed the pain they fixed the issues that were leading to the pain,” he describes. “It was a profound, profound experience. It was healing." Kahl considers magic mushrooms a medicine. However, the government considers them illegal. In May, Denver could become the first city to decriminalize psilocybin mushrooms. "We believe no person should be criminalized, lose their jobs, lose their family, lose their livelihood, for possessing a substance that grows naturally and has such really potential medical benefits,” says Kevin Matthews, an advocate for decriminalizing psilocybin mushrooms. Matthews' campaign got nearly twice the amount of signatures needed to get on the ballot. If voters approve the measure, mushrooms would still be illegal but would become the "the lowest-law enforcement priority." Supporters point to studies like one by Johns Hopkins University that say mushrooms have the potential to help with depression and anxiety. "It's one of these things that we have a lot of issues that we're facing as a society: rising rates of addiction and mental health crisis,” Matthews says. “And psilocybin can be an affecting alternative to the current paradigm of treatment." The government considers mushrooms a schedule 1 drug that have "no currently accepted medical use and a high potential for abuse." If users like Kahl were caught with mushrooms, they could face prison time. That's why a "yes" vote in May would mean so much to him. "It would mean freedom,” he says. “Finally being free of the worry, of being prosecuted and going to jail." He says that fear won't stop him from using mushrooms as a weapon in the fight against PTSD."You don't have to be stuck. This isn't a life sentence, and this PTSD, it’s curable,” he says. “You don't have to live with this pain for the rest of your life. You don't you can move on."There is a similar push to decriminalize mushrooms in Oregon in 2020. A legalization effort fell short in California last year. 3041
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