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The U.S. government will hit the debt ceiling, or its maximum borrowing limit, soon, and if Congress doesn't act, the government will eventually default on debt.

The United States government is about to hit the debt ceiling, or the maximum amount of money it’s allowed to borrow in order to pay its bills. The ceiling is currently set at $31.3 trillion. Treasury Secretary Janet Yellen warned House Speaker Kevin McCarthy, R-Calif., that the government could reach the limit by Thursday, and when…

Some of the biggest names in AI are facing a legal battle after being accused of infringing on the rights of millions of artists.

In the world of AI, some of the biggest names are facing a legal battle of epic proportions. Stability AI, Midjourney, and Deviantart are at the center of a class action lawsuit that claims their AI art tools have infringed on the rights of millions of artists and could cause permanent damage to the art market.…

A renewed Russian offensive is putting greater pressure on Germany to supply Ukraine with its heavy battle tanks. So far, Berlin has resisted sending its Leopard 2 tanks amid concerns such a move will more directly involve them in the war. The recent resignation of Germany’s Defence Minster, Christine Lambrecht, might signal a policy reversal…

Does a Turkish government-owned bank have sovereign immunity from prosecution? The Supreme Court will have the final answer.

Can a Turkish government-owned bank be prosecuted by the U.S. government for money laundering and fraud? That’s a question the Supreme Court will have to answer. Halkbank was first indicted in 2019. U.S. prosecutors accused the bank of laundering billions of dollars of revenue made by the sale of Iranian oil and natural gas. The…

The latest Twitter Files dump revealed pharmaceutical giant BioNTech tried to get the social media platform to censor posts about COVID-19.

The Biden administration is not the world’s only government that asked Twitter to censor posts related to COVID-19. According to the latest Twitter Files, Germany did too, in collaboration with BioNTech, one of the pharmaceutical giants behind the COVID-19 mRNA vaccines. This week, the Intercept’s Lee Fang reported the latest findings from the Twitter Files.…

President Biden will be traveling to California on Thursday to visit areas devastated by flooding. The death toll has climbed to 20.

Migrant encounters at the southern border are once again at a new historic-high; new research on freshwater fish may have diners thinking twice before ordering that catfish dinner; and President Biden plans to visit California following deadly flooding. These stories and more highlight the Straight Arrow News afternoon rundown for Tuesday, Jan. 17, 2023.  Biden…

The Republican-led House is investigating Biden's handling of classified documents, but the timing of the discovery is what's most curious.

With Attorney General Merrick Garland appointing a special counsel and the House Oversight Committee launching an official investigation into the president’s handling of classified documents, 2023 is already shaping up to be a challenging year for the White House. Claiming a double standard, House Judiciary Committee Chair Jim Jordan (R-OH) also launched an investigation into…

Jury selection will be underway this morning in a trial between Tesla investors and the head of Tesla, Elon Musk.

China’s population has declined for the first time in decades; a former candidate has been arrested in shootings at New Mexico elected officials’ homes; and Elon Musk’s trial over a tweet he posted about Tesla begins today. These stories and more highlight the daily rundown for Tuesday morning, Jan. 17, 2023.  Trial over Musk Tesla…

Mortgage demand has dropped precipitously with people priced out, but don't expect falling demand to increase supply or lower home prices.

While mortgage rates have fallen considerably from November’s recent high, buying a home is still far out of reach for most Americans. In fact, for six out of the last seven months, a family earning the median income would not qualify for a median-priced home, according to the latest data from the National Association of…

A state-owned mining company in Sweden has just stumbled upon a million metric tons of rare earth metals...but what does that mean?

There’s been an unexpected discovery of rare earth elements in Sweden that’s getting a lot of attention. Rare earth minerals are used in items like our phones, computers, batteries, electric vehicles and wind turbines. Rare earth production is largely dominated by China so the thinking is the West will benefit from this new discovery. But…

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