Posted by on November 21, 2023 5:40 pm
Categories: News The Hill

Thanksgiving travel set to break record

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The Big Story 

Thanksgiving travel to break record amid stormy forecasts

Transportation officials are expecting a new travel record this week as millions of Americans fly and drive for the holidays.

© Getty

The Transportation Security Administration (TSA) expects to screen more than 5 million passengers between Tuesday and Wednesday alone, with almost 3 million more expected to fly out on Sunday. 


But the predictions by TSA, which would surpass a previous high-water mark set over the summer, coincide with troubling weather forecasts that could mean gloom for some travelers. 


Weather officials have been warning of severe thunderstorms and possible snow that could threaten travel in different parts of the country as the holiday season approaches.  


According to the Federal Aviation Administration, the severe storms could affect flights in the South and the East Coast starting Tuesday. 


At the same time, AAA predicts more than 55 million Americans are expected to travel at least 50 miles on the ground starting Wednesday, with Thanksgiving Eve expected to be the busiest day for road travel.


“Two main storm systems are expected to impact the Nation with rain, thunderstorms, and winter weather,” the National Weather Service warned on social media this week, urging travels to keep track of local forecasts before heading out. 


Leading up to Turkey Day, the office said heavy rain and strong thunderstorms are predicted to “extend from the Lower Mississippi Valley to the Mid-Atlantic as a storm system progresses toward the East Coast.” 


“A wintry mix is possible across New England and the Interior Northeast Tues.-Weds., with heavy snow possible across the higher elevations of New Hampshire and Maine,” it cautioned, while noting forecasts of “moderate to heavy snow” are also expected to hit the northern Rockies this week.


The Hill has more here.  

Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.

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Essential Reads 

Key business and economic news with implications this week and beyond:

Changpeng Zhao, the founder of cryptocurrency exchange Binance, stepped down from his chief executive role on Tuesday, after pleading guilty to failing to prevent money laundering on his company’s platform.

The U.S. government dealt a massive blow to the world’s largest cryptocurrency exchange Binance as its founder, Changpeng Zhao, pleaded guilty to a felony charge Tuesday related to his failure to prevent money laundering on his platform.

The sale of previously owned homes fell to an annualized rate of 3.79 million in October, marking a 13-year low, according to data released by the National Association of Realtors (NAR) on Tuesday.

Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting released Tuesday.

The Ticker 

Upcoming news themes and events we’re watching:

The House Financial Services Committee will hold a hearing of “the semi-annual report” of the Consumer Financial Protection Bureau on Wednesday at 10 a.m. ET.

In Other News 

Branch out with more stories from the day:

NEW YORK (AP) — Best Buy Co. on Tuesday posted stronger-than-expected profits for its fiscal third …

Good to Know 

Business and economic news we’ve flagged from other outlets:

S&P 500 and Nasdaq snap 5-day win streak as Fed indicates policy must stay restrictive (CNBC
Binance and CEO Plead Guilty, Agree to Pay Billions in Fines (Bloomberg
Month-long sale season may dilute the impact of Black Friday (CNN

What Others are Reading 

Top stories on The Hill right now:

A Georgia judge declined to revoke the bond of one of former President Trump’s co-defendants in his 2020 election subversion case Tuesday, allowing him to remain free on bond ahead of a future trial. Read more

GOP impeachment investigators on Tuesday subpoenaed a deputy to the special counsel investigating Hunter Biden, expanding their inquiry into claims from two IRS whistleblowers that she took actions that “deviated from standard investigative procedures.” Read more

What People Think 

Opinion related to business and economic issues submitted to The Hill:

You’re all caught up. See you tomorrow! 

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