Marjorie Taylor Greene has revealed that an FBI whistleblower has come forward alleging proof that the Biden family is guilty of foreign influence peddling. FBI Director Christopher Wray has been subpoenaed to provide relevant documents to Congress. Is this the smoking gun the Republican House has been talking about?

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$100 billion run on deposits, rising interest rates put First Republic into FDIC receivership, JP Morgan takes over as another one bites the dust:
https://dailytorch.com/2023/05/100-billion-run-on-deposits-rising-interest-rates-put-first-republic-into-fdic-receivership-jp-morgan-takes-over-as-another-one-bites-the-dust/

The Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation put the $229.1 billion California-based First Republic Bank into receivership today on May 1, while the FDIC also entered into a “purchase and assumption agreement” with JP Morgan-Chase Bank for the nation’s largest bank to assume First Republic’s assets as well as its $103.9 billion of deposits. Another one bites the dust. Once again, like Silicon Valley and Signature Banks, the bank was caught upside down on interest rates causing a run on uninsured bank deposits of more than $100 billion in March. So, far three major bank runs have occurred in the span of a little more than a month. This thing could just be clearing its throat even as worried investors hope the worst is past us. I guess we’ll see?

Joe Biden is playing a game of chicken on default with no-strings increase of $31 trillion debt ceiling:
https://dailytorch.com/2023/05/joe-biden-is-playing-a-game-of-chicken-on-default-with-no-strings-increase-of-31-trillion-debt-ceiling/

President Joe Biden is set to meet with House Speaker Kevin McCarthy (R-Calif.) and other Congressional leaders on May 9 to discuss the looming the $31.4 trillion debt ceiling. It’s about time. So far, Biden’s only plan has been for Congress to simply increase it into perpetuity or else threaten to default, never bothering to address the dismal fiscal outlook facing the nation, even as regional banks continue to fail because of the unsustainable burden caused by taking on U.S. treasuries — a problem that will only grow as the White House Office of Management and Budget (OMB) projects the national debt will rise to $50.7 trillion by 2033. In truth it could be much larger than that, since the debt has been growing at more than 8 percent a year on average since 1980. In fact, if it continues at its current clip, it will rise to more than $100 trillion by 2037. Either way, $50 trillion or $100 trillion, or most likely somewhere in between, who is going to buy all of those treasuries? Why, U.S. banks will, naturally, as foreign governments continue to reduce their overall share of U.S. treasuries and the Federal Reserve reaches its own limit of being able to print money to pay the debt after spiraling inflation.

Democrats in the U.S. House of Representatives just threatened a move that could affect the U.S. economy. Will their plan work?

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Speaker McCarthy roasts President Joe Biden for failing to pass the debt limit. Click the link below to email the Senate and tell them to pass the Limit, Save, Grow Act to cut government spending: https://limitgov.salsalabs.org/PassLimitSaveGrowAct/index.html

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In Tucker Carlson’s iconic speech at the Heritage Foundation, he channels the spirit of President Ronald Reagan.

ABC News and other corporate media are openly hostile towards, and have even admitted to censoring, presidential primary candidate Robert F. Kennedy Jr. It’s a disgrace that they’re protecting Joe Biden.

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As U.S. economy slows down, so do Biden’s reelection hopes as Kennedy rises to 19 percent in Democratic primary poll against incumbent president
https://dailytorch.com/2023/04/as-u-s-economy-slows-down-so-do-bidens-reelection-hopes-as-kennedy-rises-to-19-percent-in-democratic-primary-poll-against-incumbent-president/

The U.S. Gross Domestic Product (GDP) grew at a less than expected 1.1 percent annualized in the first quarter of 2023, according to the latest data from the Bureau of Economic Analysis. The news comes as upstart rival in the Democratic primary, Robert Kennedy, Jr., keeps rising in the few polls willing to pit him against the incumbent president, garnering 19 percent to Biden’s 62 percent in the latest Fox News poll taken April 21 to April 24. Marianne Williamson showed in third place at 5 percent. That’s a 5-point improvement from a USA Today/Suffolk University poll taken April 15 to April 18, where Kennedy had 14 percent. Whereas, Biden lost five points, when just a week earlier he had 67 percent, while Williamson remained at 5 percent. Both of which are better than Kennedy’s first showing of 10 percent in a Morning Consult poll on April 7 through April 9. There Biden had 70 percent and Williamson at 4 percent. The fact is, incumbent presidents are really, really hard to defeat in their reelection bids, with about a 70 percent historic reelection rate. Only 11 presidents have ever been defeated in a general election, but the two predictors out there that portend badly for an incumbent president are recessions and competitive primaries, and with the GDP slowing down and Robert Kennedy, Jr. rising, looks like Biden might have both.

Congressman Andy Biggs discusses the dangers of warrantless spying and the political weaponization of justice afforded by the Foreign Intelligence Surveillance Act. This was used to spy on Donald Trump’s campaign.

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After spying on Trump, Congress should use FISA Section 702 reauthorization to end domestic political surveillance under Title I
https://dailytorch.com/2023/04/after-spying-on-trump-congress-should-use-fisa-section-702-reauthorization-to-end-domestic-political-surveillance-under-title-i/

“We need to make changes to the FISA process. I think we should not even reauthorize FISA, which is going to come up in the next Congress.” That was House Judiciary Committee Chairman Jim Jordan (R-Ohio) — then the ranking member — in Oct. 2022, speaking with Fox Business’ Maria Bartiromo, outlining his opposition to reauthorization of section 702 of the Foreign Intelligence Surveillance Act (FISA), which expires on Dec. 31, 2023. Executive branch officials say is critical to protecting national security will expire. It is the only section of FISA that sunsets on a periodic basis, and thus, provides a periodic opportunity for members of Congress to address the decades-long problem of domestic political surveillance. Whenever the question of Section 702 has come up since 2008, attempts at intelligence reform are always deflected and rebuffed. “That’s the wrong section,” civil liberties groups are always told. And yet, once all the information from Chairman Jordan’s committee has been gathered, besides must-pass pieces of legislation, whether it be Section 702 reauthorization, the annual national defense authorizations, the $31.4 trillion national debt ceiling or the annual omnibus spending bills and appropriations bills, what other leverage do members of Congress have to enact reforms?

Fox News has been touting its ESG, ‘diversity and inclusion’ goals since 2020 in annual ‘corporate social responsibility’ reports, and NewsCorp, too
https://dailytorch.com/2023/04/fox-news-has-been-touting-its-esg-diversity-and-inclusion-goals-since-2020-in-annual-corporate-social-responsibility-reports-and-newscorp-too/

After Tucker Carlson’s firing by Fox News, do high ratings even matter anymore? That might be a good question one might ask from Fox News’ termination of Carlson, the station’s most highly rated host, who was easily winning cable news’ battle for the 8pm slot for years, with an average 3.25 million viewers a night for the past four months. For years, Carlson was critical of the Black Lives Matters and Antifa’s use of riots in 2020 following the killing of George Floyd while in police custody in Minneapolis, Minn., and of tyrannical Covid policies. But these also sparked organized boycotts against Carlson’s advertisers by social and political groups favoring Democrats. So it should surprise nobody that Fox Corporation, which owns Fox News, and NewsCorp (which used to own Fox) and owns the Wall Street Journal, have been touting the biggest boycott of all: Environmental, Social and Governance (ESG) goals in their corporate filings in order to attract woke investment dollars since at least 2020, a review of the companies’ corporate filings reveals. Fox’s explicit ESG reports appeared to follow the company’s removal in 2019 from Vanguard’s ESG fund. It wanted those woke capitalist dollars. Fox has been touting its “diversity and inclusion” corporate agenda that include legally questionable racial and gender hiring quotas in apparent violation of Title VII of the Civil Rights Act by the company as recently as its 2022 “corporate social responsibility” report.