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 and Biden end Monday meeting with no debt ceiling deal
House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden had about an hour-long meeting Monday calling the meeting “productive” but the two sides still have not come to an agreement on how to raise the debt ceiling and avoid default. “President Biden and I just had a productive meeting in
IRS whistleblower letter claims DOJ hindered Hunter Biden probe for years
Just one month after FISM News reported an Internal Revenue Service (IRS) agent claimed the Hunter Biden criminal investigation is corrupt, another bombshell allegation has emerged detailing how law enforcement ignored concerns about the tax probe for years. The IRS agent who is working with federal prosecutors on the Hunter
Jim Jordan threatens to limit funding to FBI as list of abuses grows
House Judiciary Committee Chairman Jim Jordan (R-OH) is renewing his threat to restrict funding to the FBI amid mounting evidence of misconduct at the bureau. “In the end, money always gets people’s attention. And so, what we’re going to have to do is say, ‘Hey, FBI, you can’t use federal
Biden, McCarthy to revive debt ceiling negotiations Monday
After several days of gridlock, a presidential visit to Japan, and a Senate recess, it appears Republicans and Democrats are ready to resume their talks about how to raise the national debt ceiling. President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet Monday to discuss what, if any,
Ukraine update: Biden reverses course on F-16s for Ukraine, announces new $345 million aid package
President Joe Biden said that he had received a “flat assurance” from Ukrainian President Volodymyr Zelenskyy that Ukraine would not use F-16s to attack Russian territory. Facing increased pressure from Western allies, Biden announced on Friday at the Group of Seven (G7) summit in Japan that he had authorized third-party
Scott joins race for Republican presidential nomination
South Carolina Sen. Tim Scott has become the latest presidential hopeful after filing paperwork with the Federal Elections Commission. Scott, who will hold a launch event in his home state Monday, has been priming for an announcement for weeks. He started a presidential exploratory committee last month.
Fed’s Kashkari open to holding rates steady in June, WSJ reports
Minneapolis Fed President Neel Kashkari said that he could support holding interest rates steady at the central bank’s next meeting in June to give officials more time to assess the effects of past rate increases and the inflation outlook, the Wall Street Journal said on Sunday. “I’m open to the
Debt deal negotiators still split on funding cuts
The debt ceiling impasse between Republicans and the White House is no closer to being broken as neither group appears willing to budge on federal spending cuts. President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) are scheduled to meet again this week to discuss a way forward, but as
Tim Keller goes home to be with the Lord
It’s with heavy hearts that we report that Pastor and theologian Tim Keller is now home with the Lord. He passed away earlier today at the age of 72. Keller has been battling pancreatic cancer since 2020. Just yesterday his family announced he was receiving hospice care after suffering complications
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