Hope is a powerful energy, but it won’t keep the air conditioner on when summer temperatures soar and demand for electricity skyrockets, causing an overburdened electrical grid to grind to a stop. Yet that seems to be the Biden administration’s plan in addressing warnings that nine North American regional electrical grids face an “elevated risk”…
Energy Commissioner Warns of ‘Major Threats’ to Power Grid
May 19, 2023
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State Department Starts Tagging Employees With Gender Pronouns
The U.S. State Department has begun tagging employees with gender identity pronouns in their emails, according to multiple media reports, with some of the men being referred to by female pronouns and vice versa. Associated Press reporter Matt Lee asked State Department deputy spokesman Vedant Patel during a Thursday briefing if the department’s internal email…
Pentagon Says It Accidentally Overvalued US Military Aid to Ukraine by $3 Billion
Military aid, including weapons and ammunition, sent by the United States to Ukraine was overestimated by at least $3 billion owing to an accounting mistake by the Pentagon, Defense Department officials have said. “During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in equipment valuation for Ukraine,” said Pentagon deputy press…
Steady Progress on Debt Ceiling Talks, White House Informs Biden in Japan
Debt ceiling talks are showing “steady progress,” according to the White House late on Thursday, amid a looming June 1 federal default deadline. President Joe Biden is currently in Hiroshima, Japan, for the Group of Seven (G-7) Summit. He received an update Thursday morning from his designated negotiating team, as they continue trying to reach…
Yellen Warns Bank Executives of ‘Severe Consequences’ of Default
May 18, 2023
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Treasury Secretary Janet Yellen met with more than two dozen CEOs and executives at a meeting convened by the Bank Policy Institute (BPI) to discuss the debt ceiling and the state of the economy and banking system. Yellen reiterated her public position that the U.S. banking system is sound and resilient, alluding to its high…
Special Forces Structure, Budget Need Revamping to Counter China, Russia, Experts Testify
May 18, 2023
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For more than 20 years after 9/11, United States special operations forces were primarily engaged in counterinsurgency campaigns and operations against terrorist organizations, mostly in the Middle East. But now, U.S. special operations forces (SOF) are engaged in a “great power competition” against China and Russia, a transition that is exposing deficiencies in force structure…
Biden Won’t Apologize for US Use of Atomic Bomb on Hiroshima
HIROSHIMA, Japan—President Joe Biden has no plans to issue an apology on behalf of the United States for the use of the atomic bomb on Hiroshima during World War II, according to the White House. Biden arrived in Hiroshima on May 18 for the Group of Seven (G-7) summit, becoming the second sitting U.S. president…
LIVE NOW: Top Financial Regulators Testify to Senate on Financial Stability, Supervision
May 18, 2023
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U.S. Top Financial Regulators: Michael S. Barr, Vice Chair For Supervision of the Federal Reserve; Martin J. Gruenberg, Chair of Federal Deposit Insurance Corporation; Todd M. Harper, Chair of National Credit Union Administration; Michael J. Hsu, Acting Comptroller of the Office of the Comptroller of the Currency; Adrienne A. Harris, Superintendent of the New York State Department of Financial Services; and Clothilde V….
Top Financial Regulators Testify to Senate on Financial Stability, Supervision
May 18, 2023
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U.S. Top Financial Regulators: Michael S. Barr, Vice Chair For Supervision of the Federal Reserve; Martin J. Gruenberg, Chair of Federal Deposit Insurance Corporation; Todd M. Harper, Chair of National Credit Union Administration; Michael J. Hsu, Acting Comptroller of the Office of the Comptroller of the Currency; Adrienne A. Harris, Superintendent of the New York State Department of Financial Services; and Clothilde V….
LIVE NOW: House Foreign Affair Subcommittee’s Hearing on Against China’s Economic Aggression and Predatory Practices
May 18, 2023
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U.S. House Foreign Affairs Committee Indo-Pacific Subcommittee holds a hearing on “Standing United Against the People’s Republic of China’s Economic Aggression and Predatory Practices” at 9:00 a.m. ET on May 18. Alon Raphael, CEO of FemtoMetrix; Dr. Derek Scissors, Senior Fellow of American Enterprise Institute; David Feith, Adjunct Senior Fellow of Center for New American Security; and Matthew Reynolds, Fellow, Economics Program of Center…
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