Economist: ‘True’ federal debt masked by draining U.S. Treasury
The federal debt continues to climb to unprecedented levels, but the “actual, true” debt is higher if the Treasury weren’t being drained, a national economist says.
The federal debt continues to climb to unprecedented levels, but the “actual, true” debt is higher if the Treasury weren’t being drained, a national economist says.
The House of Representatives has passed legislation prohibiting the Federal Reserve from creating a central bank digital currency, known as the “digital dollar.” Introduced by House Majority Whip Rep. Tom Emmer (R-Minn), the bill is titled the “CBDC Anti-Surveillance State Act.” This crucial amendment to the Federal Reserve Act, which governs the US central banking system, stipulates, “The Board of Governors of the Federal Reserve System and the Federal Open Market Committee may not use any central bank digital currency to implement monetary policy.”
Multiple members of Congress are demanding answers about the federal government’s ability to prevent a terrorist attack after two Jordanian nationals attempted to break into Marine Corps Base Quantico in Virginia.
Delaware lawmakers are advancing a plan that would require public and private insurers to cover abortions, but critics say the move is unfair to taxpayers who object to the procedure.
The Republican-majority Ohio Supreme Court last week unanimously refused to lift a temporary block on House Bill 68, a state law which would ban sex-change treatments for minors and prohibit trans athletes from competing in girls’ sports. Titled the “Ohio Saving Adolescents from Experimentation Act,” HB 68 was due to go into effect on Apr. 24 but remains blocked amid ongoing legislation.
Authorities in Arkansas rescued 32 victims of human trafficking during a one-day operation conducted in Hot Springs this month, the state’s Department of Public Safety announced last week.
Millions of Americans prepared for a nightmarish night uncertain about their future or that of their loved ones after powerful storms killed at least 15 people, injured hundreds, and left a wide trail of destruction across the U.S. states of Texas, Oklahoma, and Arkansas.
Texas Department of Public Safety troopers continue to apprehend human smugglers and gang members and find dozens of people being held in stash houses at the border.
U.S. House Democrats overwhelmingly voted to support noncitizens voting in U.S. elections.
Two Jordanians trying to get aboard Quantico in Virginia and Chinese nationals attempting to access U.S. military bases and other sensitive sites up to 100 times led a North Carolina senator and 12 colleagues to demand answers from Homeland Security.
A major new study shows that while alcohol is still overall more widely used than marijuana in the United States, the intense, near-daily, use of marijuana is now more common than the equivalent high-frequency usage of alcohol, the Associated Press reports. The study found that from 1992 to 2022, daily or near-daily use of marijuana surged 15-fold.
The Republican governors of two dozen states, including Georgia and South Carolina, penned a letter to President Joe Biden opposing the World Health Organization’s proposed “Pandemic Agreement,” which they said could “undermine national sovereignty” and states’ rights.
Desperate residents and authorities searched for victims and survivors Wednesday after a deadly tornado devastated the town of Greenfield in the U.S. state of Iowa, killing and injuring numerous people.
Donald Trump’s defense team rested, wrapping up its side of the case after calling two witnesses, including one who contradicted testimony provided former Trump attorney and fixer Michael Cohen, the prosecution’s star witness.
Newly released survey data from the federal government shows Americans are feeling the pain of high prices.
Forty-five Republicans U.S. senators filed a Congressional Review Act resolution to block a Biden administration Bureau of Alcohol, Tobacco, Firearms and Explosives rule from being enforced that would require anyone who sells firearms to register as federal firearm licensees.
Lawmakers have threatened to revoke the appropriations for a federally-funded scholarship program that an audit found favors liberally leaning students over conservatives by a ratio of 10 to 1.
State prosecutors rested their case against former President Donald Trump on Monday, capping off four weeks of testimony from 20 witnesses.
After a year-long investigation into a smuggling operation at the border, an Operation Lone Star Task Force led by Goliad County Sheriff Roy Boyd took down several operatives allegedly involved in human smuggling.
A student at Kennesaw State University (KSU) in the U.S. state of Georgia was shot and killed Saturday by an “armed intruder” on campus who has since been detained, officials said.