Subcommittee on Government Operations Chairman Pete Sessions (R-Texas) today announced a hearing on “Oversight of the U.S. Postal Service: The Financial Future Under Postmaster General Steiner.” During the hearing, members will highlight the U.S. Postal Service’s (USPS) troubled financial situation after losing billions of dollars and will examine the initiatives Postmaster General David Steiner is taking to transform the agency and maximize revenue. Members will also assess whether USPS is reliable enough for Congress to allow it to borrow more money from the Department of the Treasury. WATCH: The hearing is open to the public and will be livestreamed-go to the link below to find the livestream link.

In preliminary readings for May, The Conference Board's Consumer Confidence Index increased by 12.3 to 98.0, up from 85.7 in April. The Present Situation Index — based on consumers’ assessment of current business and…

Bipartisan lawmakers on Sunday unveiled a discussion draft of a sweeping privacy bill that could restrict companies' ability to serve targeted ads to consumers. The proposed American Privacy Rights Act of 2024, introduced by Senate Commerce Committee Chair Maria Cantwell (D-Washington) and House Energy And Commerce Committee Chair Cathy McMorris Rodgers (R-Washington), would require companies to allow consumers to opt out of targeted advertising based on non-sensitive data that is linkable to individuals or devices. The measure would also prohibit companies from transferring consumers' “sensitive” data for targeted advertising without their explicit consent.