The White House is taking action to avoid a catastrophic default on the nation's debt by targeting House Speaker Kevin McCarthy and other GOP House members in competitive districts. They are hoping to pass a bill that will benefit veterans and the economy, but it remains to be seen if the President's strategy will be successful. The proposed bill is a $2 trillion infrastructure plan funded by raising the corporate tax rate from 21% to 28%, while Republicans have proposed a $568 billion counteroffer.
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Treasury Secretary Janet Yellen warned of an economic "calamity" if Congress does not raise the nation's borrowing limit, adding urgency to a meeting between President Joe Biden and congressional leaders. Yellen said a default could cause a "severe" economic downturn with a "ripple effect" felt around the world, and that the government would have to choose between paying Social Security benefits, military salaries, or interest on the debt.
Former President Donald Trump has declined his last chance to testify in a civil trial where longtime advice columnist E. Jean Carroll has accused him of raping her in a luxury department store dressing room in 1996. The jury has watched lengthy excerpts from an October videotaped deposition in which Trump vehemently denied the allegations, and Carroll is seeking compensatory and punitive damages totaling millions of dollars. The outcome of the trial could have a major impact on Trump's political future.
Seven people were tragically killed and a dozen more injured when a Land Rover ran over them at a bus stop near a shelter for migrants and unhoused people in Brownsville, Texas on Sunday morning. Authorities are investigating whether the incident was intentional or an accident, and are asking anyone with information to contact them. Our thoughts are with the victims and their families during this difficult time.
On Saturday, a mass shooting at the Allen Premium Outlets in Allen, Texas left eight people dead and seven others wounded. Steven Spainhouer, one of the first responders, recalled trying to save victims, including a child found beneath his dead mother. The gunman was also killed in the shooting, and the motive is still under investigation. Local officials have expressed their condolences and are urging the public to remain vigilant.
Treasury Secretary Janet Yellen has warned of "economic and financial catastrophe" if the debt ceiling is not lifted or suspended by June 1. Congressman Patrick McHenry of North Carolina, Chairman of the House Financial Services Committee, is working to come up with a solution to the debt ceiling issue, noting that a "protracted" default could trigger a Great Recession type of scenario. Both are urging Congress and the White House to come to an agreement before the June 1 deadline in order to avoid economic disaster.
On Saturday, a gunman opened fire at the Allen Premium Outlets in Dallas, Texas, killing eight people and wounding seven before being killed by a police officer. Hundreds of terrified shoppers fled the scene, and H&M released a statement saying that all of their employees were safe and counseling would be available. Police are still investigating the incident, and more information is expected to be released in the coming days.
A shooting at a house party in Chico, California, early Saturday morning left one 17-year-old girl dead and five other people wounded. Police believe the incident was isolated, and two men and the 17-year-old girl remain hospitalized in stable condition. The identities of the victims have not yet been released as police continue to investigate the tragedy.