Skip to main content

Featured

Judge Dismisses Comey Case, Declares Trump-Appointed Prosecutor Illegally Installed

    Former FBI Director James Comey testifies before a Senate Intelligence Committee hearing on Russia's alleged interference in the 2016 U.S. presidential election on Capitol Hill in Washington, U.S., June 8, 2017.  A federal judge has dismissed criminal charges against former FBI Director James Comey, delivering a sharp rebuke to the Trump-appointed prosecutor who pursued the case. The ruling marks a significant setback for efforts by President Donald Trump’s allies to prosecute perceived political opponents. U.S. District Judge Cameron Currie found that Lindsey Halligan, the interim U.S. attorney who brought the indictment, was unlawfully appointed. Halligan, a former Trump lawyer with no prior prosecutorial experience, bypassed Senate confirmation when she was installed to lead the Eastern District of Virginia. The judge concluded that all actions taken under her authority—including the indictment of Comey—were invalid. The case against Comey, filed in September, a...

article

U.S. Treasury Secretary Warns of Approaching Debt Ceiling Crisis


Treasury Secretary Janet Yellen has issued a stark warning that the United States could hit its debt ceiling as early as mid-January. In a letter to congressional leaders, Yellen stated that her agency would need to begin taking "extraordinary measures" to prevent the nation from breaching the debt limit. These measures are special accounting maneuvers intended to keep the government operating without defaulting on its obligations.

Yellen emphasized the urgency of the situation, urging Congress to act swiftly to protect the full faith and credit of the United States. The debt ceiling, which had been suspended until January 1, 2025, is expected to be reinstated on January 2, 2025. However, due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated with Medicare payments, the Treasury does not expect to need to take extraordinary measures until January 14 to January 23.

The federal debt currently stands at approximately $36 trillion, a figure that has grown significantly over the years under both Republican and Democratic administrations. The spike in inflation following the COVID-19 pandemic has further increased government borrowing costs, making the situation even more critical.

Yellen's warning comes after President Joe Biden signed a bill last week that averted a government shutdown but did not address the debt ceiling issue. The bill was passed only after intense debate among Republicans over how to handle President-elect Donald Trump's demand to raise or suspend the debt limit.

As the new year approaches, the nation's fiscal health hangs in the balance, with lawmakers facing a critical decision on how to address the impending debt ceiling crisis.




Comments