POLICY

California Defaults on $18.5 Billion Dollar Debt

Unbeknownst to many Californians, they are now finding themselves financially responsible for the state's nearly $20 billion federal loan default, which was taken out to address California's unemployment fund...

United States Prepares $500 Million Arms Package to Taiwan

The Biden administration is planning to send a $500 million military and security aid package to Taiwan using the Presidential Drawdown Authority according to Bloomberg News who cited anonymous...

Bipartisan Bill Seeks to Ban Members of Congress from Owning Stocks, Curb Insider Trading

A bipartisan bill has been unveiled that seeks to prohibit members of congress from owning and trading stocks in a move aimed at curbing lawmakers from profiting off of...

Australian Authorities Investigate Ex-British Test Pilot Over Chinese Military Training Links

Australian authorities conducted a search of a British ex-test pilot's residence in November. They were looking for documents linked to China's J-16 strike fighter, Australia's intelligence partners, and China's largest...

Second Largest Bank Failure in US History Announced

Early on Monday, regulators took control of the struggling First Republic Bank (FRC), marking the second-largest bank failure in the United States. Deposits and the majority of its assets...

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