Nation closing in on $31.4T borrowing limit
The federal government is closing in on the $31.4 trillion borrowing limit, meaning a high-stakes fight over raising the debt ceiling is fast approaching. An estimate from the Peter G. Peterson Foundation places the nation’s debt at $31.39 trillion and counting on Wednesday, just a hair below the limit set more than a year ago. That doesn’t m
Read MoreMcCarthy doesn't call for Santos to resign: 'The voters elected him to serve'
House Speaker Kevin McCarthy (R-Calif.) on Wednesday declined to call for Rep. George Santos (R-N.Y.) to resign over fabrications about his resume and questions about his finances even as New York Republicans raised the pressure on the embattled freshman lawmaker. “I try to stick by the Constitution. The voters elected him to serve. If there is a concern, and he has to go through the Ethics, let him move through that,” McCarthy told reporters on Wednesday. “He will continue to serve,” McCarthy said of Santos. McCarthy’s comments mark his most substantive statem
Read More5 things to know about the system outage at the FAA
Departures of domestic flights are resuming across the country after the Federal Aviation Administration (FAA) restored a system that warns pilots of hazards during their upcoming flights. The FAA first issued an advisory just past 4 a.m. on Wednesday that a technical issue impacted its Notice to Air Missions system (NOTAM), and it announced a couple hours later that it had ordered all airlines to pause domestic d
Read MoreFirst sitting House Republican calls on Santos to step down
The first sitting House Republican has called for Rep. George Santos (R-N.Y.) to step down from his lower chamber seat after he fabricated much of his professional and educational background on the campaign trail to get elected. “George Santos does not have the ability to serve here in the House of Representatives and should resign,” Rep. Anthony D’Esposito, one of Santos’ fellow GOP congressmen from New York, said at a
Read MoreNew GOP Oversight chair launches probes into Biden finances, Hunter Biden laptop story
New House Oversight and Accountability Committee Chair James Comer (R-Ky.) on Wednesday launched the GOP's long-awaited investigation into President Biden and his family's finances, requesting information from the Treasury Department. Comer sent a letter to Treasury Secretary Janet Yellen asking for documents and information on Biden's family businesses, including any Suspicious Activity Reports (SARs) generated by banks in relation to the Biden family. Comer said in the letter that his committee is investigating Biden's involvement in his family's "foreign business practices and
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