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House Republican says Congress ‘needs to get their act together’ on Social Security ahead of deadline

Rep. Jason Smith (R-Mo.) said Wednesday that Congress has to act on Social Security, a day after the Trump administration projected that one of the program’s trust funds will run out by 2032.  “Congress needs to get their act together to address Social Security and the insolvency that’s coming, instead of poking blame at other…

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House Republican says Congress ‘needs to get their act together’ on Social Security ahead of deadline

Rep. Jason Smith (R-Mo.) said Wednesday that Congress has to act on Social Security, a day after the Trump administration projected that one of the program’s trust funds will run out by 2032.  “Congress needs to get their act together to address Social Security and the insolvency that’s coming, instead of poking blame at other…

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WH Smith raises £100m as it warns on profits due to Iran war

Retailer plans to shut unprofitable stores as falling US airport traffic due to Middle East conflict hits trading

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WH Smith has issued a profit warning after shopper numbers at its stores in US airports fell as a result of the war in the Middle East, prompting the company to raise fresh capital from investors.

The retailer, which operates 1,200 outlets globally in airports, railway stations and hospitals, raised £102m through a share sale on Wednesday to strengthen its balance sheet, pay down debt, invest in technology and shut down unprofitable stores following “a downturn in trading conditions”.

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© Photograph: Guy Bell/Alamy Stock Photo/Alamy Live News.

© Photograph: Guy Bell/Alamy Stock Photo/Alamy Live News.

© Photograph: Guy Bell/Alamy Stock Photo/Alamy Live News.

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