News Updates
McCarthy confident debt-ceiling bill will succeed, but Republican opposition mounts
Speaker of the House Kevin McCarthy (R-Calif.) will likely win the battle on passing a brokered debt-ceiling deal, but he’s inviting a war with farther-right elements of his own party.
Target loses $10 billion in value after promoting LGBTQ clothing that targeted children
Retail giant Target is losing about $1 billion in market capitalization per day as the company continues to face backlash over its line of pride-themed clothing for children. According to
NYC limits city deposits with banks that refused to submit anti-discrimination plans
New York City is limiting new deposits with two major banks after they failed to submit anti-discrimination plans. Capital One, which held $7.2 million in city deposits at the end
McCarthy confident debt-ceiling bill will succeed, but Republican opposition mounts
Speaker of the House Kevin McCarthy (R-Calif.) will likely win the battle on passing a brokered debt-ceiling deal, but he’s inviting a war with farther-right elements of his own party. Tuesday, as lawmakers in Washington continued to work over the finer details of the bill that emerged after negotiations between
Target loses $10 billion in value after promoting LGBTQ clothing that targeted children
Retail giant Target is losing about $1 billion in market capitalization per day as the company continues to face backlash over its line of pride-themed clothing for children. According to the New York Post, a week and a half ago Target’s stock was valued at $160.96. On Friday, prior to
NYC limits city deposits with banks that refused to submit anti-discrimination plans
New York City is limiting new deposits with two major banks after they failed to submit anti-discrimination plans. Capital One, which held $7.2 million in city deposits at the end of last month and KeyBank, which held $10 million “outright refused” to submit the plans, according to a press release
DHS issues terror bulletin ahead of 2024 election
The Biden administration may be using political scare tactics as it warns that Americans should brace for an uptick in domestic terror attacks heading into the 2024 election. The U.S. Department of Homeland Security issued a terror warning bulletin on May 24 indicating that “legislative or judicial decisions pertaining to
Debt Ceiling Update: McCarthy announces tentative deal with Biden
After months of stalemate and one lengthy Saturday phone call, House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden have agreed on a plan for raising the federal debt ceiling. One would not accuse McCarthy or Biden of being particularly happy with whatever deal has been agreed upon, but both
Date set for Durham’s House testimony
Americans will have to wait until late June to hear special counsel John Durham’s testimony regarding his investigation into the FBI’s handling of debunked claims that former President Donald Trump colluded with Russia to win the 2016 election. As previously reported by FISM, Durham’s report includes allegations that the FBI
Majority of Americans want spending cuts in debt ceiling plan
A new CNN poll found that 60 percent of Americans don’t want Congress to raise the debt ceiling unless it includes spending cuts as well. According to The Daily Wire, this is exactly what the House did. It passed a bill raising the debt ceiling while simultaneously “cutting discretionary spending.”
As debt talks continue, some Republicans question validity of June 1 deadline
With House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden making little headway on an agreement to raise the national debt ceiling, some Republicans are beginning to wonder aloud if the White House is overstating the direness of the situation. Conservatives remain united in their desire to force spending cuts
Federal Reserve report shows more Americans can’t pay emergency expenses
The Federal Reserve says more Americans are struggling financially than they did a year ago. The Fed released its latest Household Economics survey, or SHED report, yesterday. Over 11,000 Americans were surveyed. Overall, they found that higher prices were negatively impacting the financial well-being of respondents.
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