A tornado in Missouri killed at least five people Wednesday morning as storms across the Midwest and South caused widespread destruction Tuesday and early Wednesday. The five deaths were reported in Bollinger County, 50 miles south of St. Louis, where a tornado touched down around 3:30 a.m. “Throughout the early morning and continuing now, efforts...
Last month, Silicon Valley Bank (SVB) and Signature Bank collapsed — the second and third-largest bank failures, respectively, in U.S. history. The breakneck speed of their downward spirals suggests a cocktail of gross mismanagement blended with a colossal failure of regulatory oversight. Investigations, oversight hearings, and lawsuits will reveal more details in the weeks and...
{beacon} Evening Report Wednesday, April 5, 2023 Greg Nash, The Hill McConnell silent as other GOP leaders condemn Trump charges Senate Minority Leader Mitch McConnell (R-Ky.) has been quiet on former President Trump's arraignment and indictment, while the second-ranking Senate Republican, Whip John Thune (S.D.), said the indictment appeared to be politically motivated. "I...
The tax world is getting ready for a detailed IRS breakdown of how it plans to spend the $80 billion it was awarded in Democrats’ Inflation Reduction Act (IRA) passed last year. The $80 billion will be spent over the next ten years and represents the most substantial funding boost for the federal tax collection...
The Biden administration will put nearly $600 million toward drought resilience and upgrades to water infrastructure, Interior Department officials announced Wednesday. The administration will disperse nearly $585 million in funding from the Bipartisan Infrastructure Law to 83 water projects in 11 states, Deputy Interior Secretary Tommy Beaudreau said on a call with reporters. Every major...
The American Civil Liberties Union (ACLU) filed a lawsuit against Indiana for its law that banned all gender-affirming care for minors that was signed by the state’s governor Wednesday, saying the statute violates patient rights. The national and Indiana state branch of the ACLU filed the suit in a federal court after Indiana Gov. Eric...
The Chinese Embassy in Washington is warning House lawmakers against meeting with Taiwan’s president in Los Angeles, describing such interactions as "serious political provocations.” Rep. Ashley Hinson (R-Iowa), a member of the House Select Committee on the Chinese Communist Party, posted what she said was an email from the Chinese Embassy expressing “firm opposition” to...
Progressives got a big boost of momentum following major victories in the Midwest on Tuesday in what could have national implications heading into 2024. Brandon Johnson’s upset mayoral win in Chicago gave liberals confidence in their approach to big cities after doubts mounted over the handling of policing and crime in New York. And in...
The much-awaited charges against Donald Trump show Manhattan District Attorney Alvin Bragg (D) plans to largely rest on campaign laws to prosecute the former president for obscuring his reimbursement of hush money payments. But sprinkled into charging documents and public statements from Bragg are references to tax law violations — a sign New York prosecutors...