Fed’s aggressive rate-hiking campaign results in record loss of $114B for 2023
Rising income spending pushed the Federal Reserve into a record deficit last year, the central bank said in preliminary figures released Friday. The Fed's net income after expenses was negative $114.3 billion last year, compared to positive $58.8 billion the year before. The losses were related to the sharp increase in interest expenses faced by […]
Feds escalate war with Texas Gov. Greg Abbott over access to migrant-packed park
It's almost noon in Eagle Pass, Texas. A standoff between federal authorities and Texas Gov. Greg Abbott has reached a climax in the besieged border town, with the Department of Homeland Security demanding access to a park filled with migrants. Mr. Abbott further escalated the conflict this week, ordering the Texas National Guard to erect […]
Abbott says ‘we’re not shooting people’ who cross the border because feds ‘would charge us with murder’
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Jeffrey Epstein’s brother claims feds covering up death evidence
Despite being the most high-profile prisoner in the United States, Jeffrey Epstein was found dead in federal custody at New York's Manhattan Correctional Center on August 10, 2019. The financier, who is awaiting trial on charges of sex trafficking of underage girls, was found in his cell shortly after 6:30 a.m., using an orange bed […]
Boeing loses $13B in value as shares sink after feds ground best-selling 737 MAX jets
Boeing shares fell 8% on Monday, wiping out nearly $13 billion in market value after U.S. aviation regulators grounded parts of its best-selling 737 MAX planes. Part of the fuselage of an Alaska Airlines 737 MAX 9 jetliner was torn off after taking off from Portland, Oregon, on Friday, forcing the pilot to return. The […]
Feds ask for help finding door that blew off Alaska Airlines flight, imperiling passengers: report
Wanted: 1 airplane door. If found, contact the National Transportation Safety Board immediately. Federal authorities ask for the public's help in locating the “plug door” that blew an Alaska Airlines plane mid-flight Friday night, leaving a huge hole in the fuselage and putting about 200 passengers at risk. That was the message authorities issued Sunday. […]
Feds blame 2021 DC derailment on ‘poor safety culture’
The top federal transportation safety official on Thursday slammed Washington's regional transit authority, saying a “poor safety culture” led to an October 2021 derailment and grounding hundreds of new Metro cars. criticized. The National Transportation Safety Board's final report on the incident concluded that the Washington Regional Metropolitan Transportation Authority had long been aware of […]
SpaceX illegally fired employees, feds claim as Musk remains in Biden admin’s crosshairs
The National Labor Relations Board has accused SpaceX of illegally firing multiple employees for criticizing founder and CEO Elon Musk, according to a complaint filed Wednesday. There is. Formal complaintobtained by space newsalleges that SpaceX illegally fired eight former employees in June 2022 for circulating an open letter asking spaceflight companies to distance themselves from […]
Menendez hooked up bribe-paying businessman with Qatari officials: feds
Sen. Bob Menendez introduced a member of the Qatari royal family and the president of a company with ties to the Qatari government to a New Jersey businessman, and the company invested millions of dollars in the businessman's real estate projects, he said Tuesday. This was revealed in the rewritten indictment. The latest indictment against […]
Democrat Tom Suozzi blames feds for migrant crisis, begs Biden for help
Former Congressman Tom Suozzi has become the latest local Democrat to appeal to President Biden and Congressional leaders for federal relief from the immigration crisis that is straining New York City's budget. Suozzi, 61, told reporters Tuesday that “the federal government has failed to address this issue for so long that we have pushed this […]