The U.S. could hit the debt ceiling by
June 1, much sooner than expected, Yellen warns
Posted By: Dreadnought, 5/1/2023 6:44:49 PM
WASHINGTON — Treasury Secretary Janet Yellen on Monday warned that the United States may run out of measures to pay its debt obligations by June 1, earlier than the government and Wall Street had been expecting. In a letter to House Speaker Kevin McCarthy, Yellen said new data on tax receipts forced the department to move up its estimate of when the Treasury Department "will be unable to continue to satisfy all of the government's obligations" to potentially as early as June 1, if Congress doesn't raise or suspend the debt limit before then. This date is earlier than Wall Street economists were expecting. Goldman Sachs' latest estimate this week
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
person likes this.
people like this.
person likes this.
person likes this.
people like this.
person likes this.
Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
Dreadnought"
Some interesting reports about the war in Ukraine today which paint an overall picture of Russia maybe being a little bit in trouble and worried about near-future outcomes. Let’s start with this Ukrainian attack on a Russian freight train.
An explosive device derailed a Russian freight train in a region bordering Ukraine for a second straight day Tuesday ahead of an expected counteroffensive by Kyiv…
The last four days have seen two trains derailed by explosions, a suspected drone hitting an oil depot in Crimea that caused a huge blaze and power lines blown up near Saint Petersburg.
If you are looking for a late-night show to watch instead of the tired, boring, and liberal ones that have dominated legacy networks, you’re in luck. This week the Writers Guild of America (WGA) members are on strike and the shows have gone dark. All of them except for on Fox News Channel, where the new kid on the block rules. Gutfeld! will be on the air with a new show. Jazz touched on the late-night shows going dark in an earlier post.
As it turns out, Greg Gutfeld writes his monologues and he and his team are not members of the WGA. Ah, yes, the joys
Republicans on the Senate Judiciary Committee tore into their Democratic colleagues during a Tuesday hearing on Supreme Court ethics, accusing the lawmakers of joining with their ideological allies in the media to undermine the conservative Supreme Court majority because it stands in the way of their desired policy outcomes.
The hearing was scheduled by Judiciary Committee Democrats after ProPublica published a series of articles detailing Justice Clarence Thomas’s relationship with Texas billionaire Harlan Crow. Despite the fact that Crow has not had business before the Court during Thomas’s tenure — with the exception of one case that was never taken up involving a company which Crow had a minority interest in
President Joe Biden is dispatching 1,500 soldiers to the Southern border to stem the surge of illegal immigrants that are expected to follow next Thursday’s expiration of Title 42, a pandemic-era public-health measure that allows Border Patrol to immediately expel illegal immigrants.
The active-duty Army units will assist Border Patrol and will be armed, though they will only be permitted to use their weapons in self-defense.
Following a request by the DHS, the Department of Defense agreed to “provide a temporary increase of an additional 1,500 military personnel, for 90 days, to supplement CBP efforts at the border,” an unnamed US official said in a statement provided to CNN.
Gordon Lightfoot, the honey-voiced Canadian singer-songwriter who had giant U.S. hits with “If You Could Read My Mind,” “Sundown” and “The Wreck of the Edmund Fitzgerald,” died today at Sunnybrook Health Sciences Centre in Toronto. He was 84.
His longtime publicist Victoria Lord revealed the news to Canadian media outlets including the CBC but did not provide a cause of death. Revered in Canada, Lightfoot had been scheduled to play Los Angeles-area clubs several times during the past two years but had postponed the dates at least twice. Born on November 17, 1938, in Orillia, Ontario, Lightfoot had been part of the Canadian folk scene for several years
Vice Media Group, the swashbuckling, youth-skewing digital media brand, is preparing to file for bankruptcy.
The company, which was valued at $5.7 billion in 2017, is considering the move after struggling to find a buyer, according to reports.
It comes after a tumultuous start to the year for the company, which saw Nancy Dubuc exit after five years, replaced by Bruce Dixon and Hozefa Lokhandwala, as well as the departure of Global President of News & Entertainment Jesse Angelo to launch his own production company. Last week, the company underwent the latest in a series of layoffs, streamlining its news division and canceling its signature show in Vice News Tonight.
Did Zelenskyy get Tucker Carlson fired?
18 replies
Semaphor–Ben Smith’s new publication the founding of which led Smith to leave a cush post at The New York Times–is reporting that Rupert Murdoch and Volodymir Zelenskyy had a private conversation in March in which Zelenskyy expressed displeasure about Tucker Carlson’s commentary regarding the Ukraine war.
There is nothing inherently nefarious about this sort of thing. It would be odd if he didn’t try to influence coverage of the war.
Just as coaches in sports, one of the jobs of world leaders is to “work the refs” in order to get better outcomes for their team.
Of course, one of the jobs of the refs is to ignore the coaches
The board of supervisors picked by Florida Gov. Ron DeSantis to oversee Walt Disney World's operations voted Monday to sue Disney in response to the company's recent federal lawsuit alleging a campaign of political retaliation by the governor.
The panel, which challenged the company's long-standing self-governing status when it replaced a Disney-backed board weeks earlier, unanimously voted to authorize a lawsuit in state court. "This district will seek justice in state court here in central Florida where both it and Disney reside and do business," board chair Martin Garcia said at a Monday morning meeting, where the legal fight was the sole topic of business. "Yes, we'll see justice
WASHINGTON — Treasury Secretary Janet Yellen on Monday warned that the United States may run out of measures to pay its debt obligations by June 1, earlier than the government and Wall Street had been expecting.
In a letter to House Speaker Kevin McCarthy, Yellen said new data on tax receipts forced the department to move up its estimate of when the Treasury Department "will be unable to continue to satisfy all of the government's obligations" to potentially as early as June 1, if Congress doesn't raise or suspend the debt limit before then. This date is earlier than Wall Street economists were expecting. Goldman Sachs' latest estimate this week
The Supreme Court agreed to hear Loper Bright Enterprises v. Raimondo, a case which could see an end to Chevron deference, in which courts defer to a federal agency’s interpretation of an ambiguous statute.
The Court limited its grant of certiorari to the second question presented — namely, “whether the Court should overrule Chevron or at least clarify that statutory silence concerning controversial powers expressly but narrowly granted elsewhere in the statute does not constitute an ambiguity requiring deference to the agency.”
Justice Ketanji Brown Jackson recused herself because she heard arguments in this case when she was on the D.C. Circuit. Jackson did not participate in that court’s final opinion,
Thousands of migrants have suddenly begun to cross the southern border into Brownsville, Texas. The city has never seen such numbers of illegal immigrants. Most of these are from Venezuela. There have been so many, so quickly that officials in Brownsville issued a disaster declaration last week, doing as other Texas border cities have done when faced with this crisis.
Over 15,000 migrants have illegally crossed the river near Brownsville since last week. That is a sharp rise from the 1,700 migrants that Border Patrol agents encountered in the first two weeks of April, according to U.S. Customs and Border Protection officials. Social services are
Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after a last-ditch effort to persuade rival lenders to keep the ailing bank afloat failed.
JPMorgan Chase, already the largest U.S. bank by several measures, emerged as winner of the weekend auction for First Republic. It will get all of the ailing bank's deposits and a "substantial majority of assets," the New York-based bank said. JPMorgan is getting about $92 billion in deposits in the deal, which includes the $30 billion that it and other large banks put into First Republic last month. The bank is taking on $173 billion in loans
Most Active Articles (last 48 hours)
Chicago Area High School Slammed Over
Segregated Math Courses for ‘Black’
and ‘Latinx’ Students Only 25 replies
Segregated Math Courses for ‘Black’
and ‘Latinx’ Students Only 25 replies
A Chicago area high school has come under fire after it was discovered the school is offering segregated mathematics classes for “Black” and “Latinx” students only.
Evanston Township High School District 202 (ETHS) is providing the racially segregated courses in calculus, pre-calculus, and algebra.ETHS’s math curriculum for the next school year suggests that the segregated classes will continue. One of ETHS’s pre-calculus courses describes, “[t]he course is restricted to students who identify as Black male students.” While another pre-calculus course mentions that it is only for “Latinx” students, and a third course does not have any restrictions based on gender or race.
State Sen. Shevrin Jones can often be seen at the Florida Capitol greeting staff and colleagues with a smile or laugh, but when he’s alone it’s a different story. “The outward expression is to show God’s love. That’s what I was taught,” said Jones, a Democrat. But, he said, “I have enough tears in my car to fill a lake.” For Jones, who is gay, the past two years have been emotionally draining as Florida passed a flurry of anti-LGBTQ+ legislation.CORRECTION*
Trump was the most pro-life president of our lifetime.
During his term, President Trump defunded Planned Parenthood, signed the Mexico City Policy that prohibited foreign aid for abortions, nominated pro-life judges to the Supreme Court, and was vocal in his support for the rights of the unborn. His actions were recognized by many pro-life groups and individuals as having a significant impact on the pro-life movement.
So, why are these same pro-life groups who hailed Trump a hero suddenly abandoning him, now? There’s a very good reason, and you’re not going to like it one bit.
(Snip) And one of the biggest pro-life movements in the country is currently leading
The judge presiding over Hunter Biden's child support trial on Monday ripped into the First Son for 'sealing and redacting' his financial information.
'The ability to redact is somewhat being abused,' Judge Holly Meyer fumed. ‘I’m seeing a lot of things filed, especially by Mr. Biden’s counsel, sealing things, redacting things, that are not confidential.'
She suggested that lawyers for the First Son's baby mama should subpoena a downtown Manhattan art gallery to find out exactly how much he has made from selling his art.
During Monday’s press conference, White House Press Secretary Karine Jean-Pierre made a bold claim that illegal immigration has decreased by more than 90 percent. However, critics are calling out her statement as a lie and are accusing her of spreading misinformation.
“When it comes to illegal migration, you have seen it come down by more than 90%, and that’s because of the actions that this president has taken,” she said. (Tweet/Video) Others have pointed out that KJP’s statement is particularly egregious given the ongoing crisis at the border.
CHICAGO — U.S. cities already struggling to shelter thousands of migrants are calling for federal help and an end to Republican political gamesmanship over immigration, concerned that an expected increase in the number of people entering the country when pandemic-era asylum restrictions end on the U.S.-Mexico border May 11 will further strain their budgets and resources. Chicago has long pledged to welcome migrants. But a tenfold increase in recent days has taxed resources. Migrants awaiting beds in city-run shelters are sleeping on floors in police stations and in airports surrounded by suitcases. They’re depending on donors for food, medicine and
President Joe Biden is dispatching 1,500 soldiers to the Southern border to stem the surge of illegal immigrants that are expected to follow next Thursday’s expiration of Title 42, a pandemic-era public-health measure that allows Border Patrol to immediately expel illegal immigrants.
The active-duty Army units will assist Border Patrol and will be armed, though they will only be permitted to use their weapons in self-defense.
Following a request by the DHS, the Department of Defense agreed to “provide a temporary increase of an additional 1,500 military personnel, for 90 days, to supplement CBP efforts at the border,” an unnamed US official said in a statement provided to CNN.
Four years ago, Jill Biden was hesitant about her husband making a White House run, fearing the toll it could take on him and the family.
In the months before Joe Biden formally announced he’d make a reelection bid, she had no such reservations.
Privately, the first lady encouraged her husband to run again while giving him the space he needed to process the decision in the way he traditionally does: with extensive deliberations, consideration of the burden it would place on his family, and a bit of classic Biden hemming and hawing. She was involved in all the high-level discussions around the decision, giving counsel when she felt it was necessary.
The U.S. Secret Service said Monday it blocked a Muslim mayor from New Jersey from attending a White House celebration with President Joe Biden to belatedly mark the end of the Muslim holy month of Ramadan.
Shortly before he was set to arrive at the White House for the Eid-al-Fitr celebration, Mayor Mohamed Khairullah said he received a call from the White House stating that he had not been cleared for entry by the Secret Service and could not attend the celebration where Biden delivered remarks to hundreds of guests.
He said the White House official did not explain why
There are still 553 days until Election Day 2024, but right now, things look pretty bleak for President Joe Biden.
Shortly after Biden announced his re-election campaign — not with a live event featuring thousands of cheering supporters but with a weird video posted on his website — his job approval rating among the U.S. public slipped to 37%, Gallup reports.That’s just slightly more than 1 in 3 people — not a winning number. In the 2020 election, Biden won 51.3% of the vote, so that’s a 14.3% drop in support.
And for the record, 37% is the lowest Gallup has measured for him to date.
Once the sun sets on the Himalayas and temperatures drop, a cacophony of eerie noises erupts deep within the glaciers around Mount Everest.
Researchers led by the glaciologist Evgeny Podolskiy have found that the chorus of crashing and splintering noises in the high-altitude glaciers is a result of sharp drops in temperature after dark that causes ice to crack.
The team pinpointed the cause of the sounds in 2018 after spending more than a week trekking through the Nepalese Himalayas to test the seismic activity of the Trakarding-Trambau Glacier system there. Dr Podolskiy and his team spent three weeks shivering on the glacier in full view of Mt Everest,
Around 15 years ago CTH outlined the inclusive goal of the progressive movement, modern Democrats as they were evolving, was to deconstruct the U.S. economic system so that Americans would be forced to live in government-controlled poverty. Essentially reduced to circling a campfire, eating sustainable algae cakes and picking parasites off our family members.
Most people understandably scoffed and said we were being hyperbolic. (snip)Fast forward a decade+ later, and there is Joe Biden’s Secretary of the Interior, Deb Haaland, explaining why it is better for the health of the planet if Americans lose their jobs, lose their economic sustainability, starve in feudal poverty,