President Biden and congressional leaders met at the White House to discuss a solution to the debt ceiling impasse. Time is running out, as America may not have the money it needs to pay its debts as early as June 1.  When House Speaker Kevin McCarthy, R-Calif., left the meeting, he told reporters they didn’t…

President Joe Biden will meet with lawmakers Tuesday, May 9, to discuss the nation’s debt ceiling issue, as the United States attempts to avoid a potential government default. And China has ordered the expulsion of a Canadian diplomat from the country in a move that has been viewed as a further escalation of tensions between…

Michael Barr, the Vice Chair for Supervision at the Federal Reserve, recently released a report on why Silicon Valley Bank failed. The report places blame for the collapse on both bank management and federal regulators, which includes the Federal Reserve. Straight Arrow News contributor Larry Lindsey believes regulators clearly missed signs the bank was in…

In April, Chile’s President Gabriel Boric said his country would be nationalizing its lithium industry, a move set to bolster its economy and protect its environment. Chile is the world’s second-largest producer of the metal, which is an essential component in the manufacturing of electric vehicle, cellphone and laptop batteries. Straight Arrow News contributor Peter…

If Russia can’t take Bakhmut from Ukraine, it may be content with just burning the whole city to the ground. In drone video released by Ukraine’s Ministry of Defense, images show what appeared to be white phosphorus raining down on the city’s buildings. White phosphorus ignites on contact with air. It burns at about 1500…

COVID-19 is no longer a global health emergency. The World Health Organization announced the official end to the global pandemic on May 5, three years after it was first declared. “It’s with great hope that I declare COVID-19 over as a global health emergency,” WHO Director-General Tedros Adhanom Ghebreyesus said during a news conference from…

April’s jobs report out Friday morning, May 5, crushed economists’ estimates. The Bureau of Labor Statistics reported the economy added 253,000 jobs for the month, when around 180,000 were expected. Meanwhile, the unemployment rate edged back down to 3.4%, tying a near 70-year low. Since March 2022, the unemployment rate has stayed between 3.4% and…

The Writers Guild of America is on strike for the first time in 15 years, causing Hollywood productions to grind to a halt. The union says the transition to streaming has cut writers’ pay, while studios and producers are under pressure to cut costs as they attempt to turn a profit. Labor disputes in Tinseltown…