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
Reps introduce bill to prevent Congressmen from being paid during default
Two members of the House of Representatives, one a Republican and the other a Democrat, have partnered to introduce a bill that would prevent their colleagues from drawing a check in the event of a government debt default. Reps. Abigail Spanberger (D-Va.) and Brian Fitzpatrick (R-Pa.) introduced the No Pay
JPMorgan, ex-executive spar in court over responsibility for Epstein
A judge said on Friday he would decide by the end of the month whether a JPMorgan Chase & Co lawsuit should proceed against a former executive who it accuses of entangling the bank with late financier and convicted sex offender Jeffrey Epstein. U.S. District Judge Jed Rakoff in Manhattan
Parents are more optimistic about the future than non-parents
A new survey by the group EdChoice, finds that parents of school-aged children are significantly more hopeful about the future than non-parents. Parents also report being happier and more satisfied than their childless counterparts. EdChoice is an education reform organization that was originally founded by famed economists Milton and Rose
FBI whistleblowers testify to ‘politicized rot’ and retaliation at the Bureau
Whistleblowers from the Federal Bureau of Investigation (FBI) detailed shocking allegations of corruption, politicization, and retaliation at the highest levels of the FBI during testimony on Capitol Hill Thursday. The contentious hearing included whistleblower testimony from former agents who described the depth and breadth of the bureau’s alleged targeting of
‘FBI Weaponization’ whistleblowers offer testimony of alleged retaliation for speaking out on misconduct
The FBI yanked the security clearances of three whistleblowers set to testify before the Select Subcommittee on the Weaponization of the Federal Government today. The informants will offer testimony about alleged abuses and misconduct committed by the Bureau, including punitive measures taken against them for voicing their concerns.
Inflation Reduction Act could carry nearly triple the initial price tag
If the most frightening phrase in the English language is “I’m from the government and I’m here to help,” the most absurd one must be some form of “ and this is what it will cost.” Works of classical literature aren’t as rich in elements of fantasy as a U.S. lawmaker
Durham report: FBI ‘failed to uphold mission of strict fidelity to the law’ in Trump-Russia probe; Jordan asks Durham to testify before Congress
Special Counsel John Durham’s four-year probe into how the FBI handled the 2016 Donald Trump-Russia collusion allegations has ended with castigation for the Bureau but no new indictments. Durham wrote in his 300-plus page final report to the Justice Department that the FBI “failed to uphold [its] mission of strict
Debt ceiling negotiations appear to be going nowhere
With Treasury Secretary Janet Yellen saying Monday she estimates the U.S. could stop being able to pay off its debt as soon as June 1, few in Washington seem to be optimistic about debt ceiling negotiations. President Joe Biden is set to host Speaker Kevin McCarthy (R-Calif.) on Tuesday along
House Oversight Committee loses critical informant for Biden Family investigation
In a bombshell, the House Oversight Committee revealed they have lost a critical informant for the Biden family investigation. Chairman James Comer said yesterday that Republicans can’t track down the informant responsible for launching the investigation. He also hinted that the Justice Department has retaliated against the majority of its
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