The U.S. is facing a potential default on its debt for the first time in history, with economists warning of dire consequences. Small business owners are particularly vulnerable, and President Biden is set to meet with congressional leaders to try and reach a deal to prevent a default. It is hoped that this meeting will result in an agreement that will prevent the U.S. from defaulting on its debt.
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Two top congressional Republicans have issued a subpoena to the FBI for a document related to a possible bribery scheme involving President Joe Biden, which was brought to their attention by a whistleblower. The White House has accused the lawmakers of an "unfounded political attack" and the FBI is expected to respond to the subpoena in the coming days. The allegation has sparked a heated debate among Republicans, with some taking to Fox News to weigh in.
The U.S. Department of Labor has found that more than 300 children, including two 10-year-olds, were working in violation of federal labor laws at 62 McDonald's restaurants across four states. The 10-year-olds were found to be working until as late as 2 a.m. and performing prohibited tasks such as operating a deep fryer. The Department of Labor is currently investigating the violations and has not yet announced any penalties.
On Monday, six people, including five teenagers, were found dead in rural Oklahoma in what is believed to be a murder-suicide. The shooter, Jesse McFadden, was a 39-year-old convicted sex offender who was on trial for child pornography charges. The victims included his wife and her three children, as well as two of their friends. The investigation is ongoing, and authorities are trying to understand why McFadden was free while awaiting trial on new sex charges.
Key takeaways: The White House Council of Economic Advisers (CEA) identified three potential scenarios of varying severity that could result from the current debt ceiling…
The Federal Reserve has warned banks to be more conservative in their lending practices following the failure of three of the nation’s 30 largest banks in the last two months. Jerome Powell raised interest rates by 0.25% to a target range between 5.00% and 5.25%. PacWest Bancorp, a $44 billion bank, is now considering its strategic options, including a possible sale, a breakup, or trying to raise capital.
Key takeaways: Six people, including a convicted sex offender, were found dead on a rural property east of Henryetta, Oklahoma. All victims sustained between one…
The Florida State Legislature is set to end its session this week, with Republican allies of Governor Ron DeSantis having passed several bills that have been at the top of his agenda. These bills, which include a ban on diversity programs in colleges and a prohibition on students and teachers being required to use pronouns that don't correspond to someone's biological sex, have been met with both praise and criticism from lawmakers and citizens alike. Supporters of the bills argue that they are necessary to protect free speech and religious liberty, while critics argue that they are an attack on diversity and inclusion, and could lead to discrimination against members of the LGBTQ+ community. The bills are expected to be signed into law by Governor DeSantis, and will take effect in July.