Posted inEconomy

US Government Plans to Borrow More This Quarter Amid Disappointing Tax Receipts

By Andrew Moran The U.S. government plans to borrow more cash from private investors this quarter than initially forecast amid less-than-expected tax receipts, the Treasury Department said on Monday. According to the department’s latest Treasury Refunding Announcement, Washington anticipates borrowing $243 billion in the April-June period. This is $41 billion higher than officials projected at […]

Posted inNational News

Justice Thomas Raises Scrutiny on Special Counsel Jack Smith’s Appointment in Trump Hearing

By Naveen Athrappully U.S. Supreme Court Justice Clarence Thomas has asked former President Donald Trump’s lawyers about whether they challenged special counsel Jack Smith’s authority to bring charges against the president. On April 25, the U.S. Supreme Court heard oral arguments in a case about President Trump’s being immune from prosecution for official acts carried […]

Posted inEconomy

Philadelphia-Based Republic First Bank Collapses in First Bank Failure of 2024

By Tom Ozimek The troubled Philadelphia-based Republic First Bank has imploded, with federal regulators seizing it and arranging for it to be taken over by fellow regional lender Fulton Financial, in what marks the first bank failure of 2024. The Federal Deposit Insurance Corporation (FDIC) announced on April 26 that Republic First Bank—which did business […]

Posted inNational News

Justice Kavanaugh Warns of Vicious Cycle of Malicious Prosecutions That Could End Presidency

By Tom Ozimek During Thursday’s deliberations at the U.S. Supreme Court on former President Donald Trump’s immunity claim, Supreme Court Justice Brett Kavanaugh warned that a decision in the case has future implications for whether future presidents are shielded from vicious cycles of malicious prosecution that could effectively end the presidency as we know it. […]

Posted inNational News

‘Zero Emissions’ Freight: Biden Spending $1.5 Billion to Electrify US Trucking Industry

By Naveen Athrappully The Biden administration plans to spend nearly $1.5 billion to make the American freight industry, responsible for transporting goods all across the country, “zero-emissions” as part of its climate agenda push. “The Biden-Harris Administration is today announcing a first-ever national goal to transition to a zero-emissions freight sector for truck, rail, aviation, […]