🗞️Congresswoman indicted for stealing FEMA funds

November 20th, 2025

What happened today 🇺🇸,

• House of Representatives member, Sheila Cherfilus-McCormick (D-FL), has been indicted by a federal grand jury for allegedly stealing $5 million in FEMA disaster relief funds through her family-owned healthcare company which received overpayments in a 2021 COVID-19 vaccination staffing contract…Prosecutors allege she, along with co-defendants, laundered these funds through straw donors to finance her 2021 congressional campaign and misrepresented expenses on tax returns…Cherfilus-McCormick denies the allegations and has stepped down from her House Foreign Affairs subcommittee leadership position while vowing to continue serving her constituents

• Late last night, President Trump signed into law the bill mandating the Justice Department to publicly release all unclassified government files related to Jeffrey Epstein within 30 days

• Former Vice President Dick Cheney’s funeral was held today at Washington National Cathedral in Washington, D.C., it was an invitation‑only service attended by former Presidents George W. Bush and Joe Biden, several former vice presidents, and other dignitaries…notably President Trump and VP Vance were not invited

• Federal judge, Jia Cobb, has blocked for now the Trump administration’s deployment of the National Guard in Washington, D.C., ruling that the deployment was unlawful because it bypassed the D.C. mayor's authority and was used for non-military crime deterrence purposes…read more here

• Walmart has announced that it will transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq

• Prediction market platform Kalshi has reached an $11 billion valuation in its latest $1 billion funding round, more than doubling its valuation from just two months ago

• Verizon has begun laying off over 13,000 employees, representing about 13% of its workforce, as part of a major restructuring and cost-cutting effort

• The Labor Department published the September jobs report 48 days late due to government shutdown…the report showed the U.S. economy added 119,000 jobs surpassing the expected 53,000, but the unemployment rate rose to 4.4% higher than the 4.3% that was expected, marking the highest unemployment level since October 2021

• U.S. existing home sales rose 1.2% in October compared to September, marking the fastest pace since February…year-over-year, sales were up 1.7%, with the national median sale price increasing 2.1% to $415,200

• DOW down .84% / S&P down 1.56%

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Plus: A look at the world’s most popular e-commerce sites

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Quote of the day: “The worst enemy of creativity is self-doubt” -Sylvia Plath

Have a great night!

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