For the 10th time since early 2022, the Federal Reserve opted to hike rates to fight inflation. The quarter-percentage-point hike announced Wednesday, May 3, puts the interest rate target range between 5% and 5.25%, the highest since 2007. The latest rate hike falls in line with the Open Market Committee’s projection of a 5.1% effective…

According to Treasury Secretary Janet Yellen, if the debt ceiling isn’t lifted soon, the government could default on its obligations “potentially as early as June 1.” President Joe Biden has made it clear he’ll veto any Republican proposals that would lift the debt ceiling by making drastic cuts in federal spending — which is exactly…

Russian hackers have caused chaos in the global cyber arena in recent years. They have shut down energy pipelines and have even been accused of interfering in U.S. elections and targeting American airports. There is now concern Russia’s cybercriminals are planning a digital offensive against Ukraine. However, Straight Arrow News contributor Peter Zeihan says it’s…

The Florida Legislature just changed the state’s “resign to run” law so Gov. Ron DeSantis (R) could run for president without resigning his current office. DeSantis, however, remains far behind Donald Trump in most polls as he continues to make headlines for his ongoing legal battle with Disney and for lackluster overseas appearances. Straight Arrow…

Russia is accusing Ukraine of an assassination attempt on President Vladimir Putin after reporting multiple drone attacks over the Kremlin walls overnight. Video, tweeted out by an independent journalist, shows what looks like one drone exploding near the dome of the Kremlin.  The Kremlin said two drones were used in the alleged attack on Putin’s…

The Senate Judiciary Committee held a hearing to examine ethics at the Supreme Court as Democrats on the panel seek to pass legislation mandating the justices write a stricter code of ethics for themselves with “clear and enforceable rules.” The hearing led to debate as to whether the legislative branch of government could impose and…

Pornhub is no longer accessible to residents in Utah after new state laws force the adult content site to verify a user’s age. The move comes in response to Utah’s age verification law, which passed in March and goes into effect May 3. The new law requires websites with adult content to verify a user’s…