Thursday, April 30, 2026

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Watchdog Unable to Determine if U.S. Financial Statements are Reliable

(Brett Rowland, The Center Square) – A Congressional watchdog said Friday that it was again unable to determine if the federal government's consolidated financial statements were reliable. The U.S. Government Accountability Office, which is Congress's research arm, said it was hampered by "serious financial management problems at the Department of...

Oversight Committee Opens Probe into IRS for Selective Enforcement

(Casey Harper, The Center Square) The Republican-led House Oversight Committee is looking into allegations that the IRS is selectively not enforcing its tax-exempt rules against leftist nonprofits. With new allegations of political bias, House Oversight Committee Chair Rep. James Comer, R-Ky., has launched an investigation into the IRS requesting interviews,...

Fani Willis’s Dad Invokes Menendez’s Defense for Hiding Cash at Home 

(Luis Cornelio, Headline USA) The father of embattled Fulton County District Attorney Fani Willis invoked an unusual defense to explain why his daughter may have allegedly reimbursed her former lover entirely in cash, without providing any receipts. Retired defense criminal attorney John Floyd told Judge Scott McAfee that Willis always had...

Bullish Industry Silver Forecast on Soaring 2024 Demand

(Mike Gleason, Mike Maharrey, Money Metals News Service) As speculative fervor fuels price spikes in technology stocks and cryptocurrencies, gold continues to quietly hold its major support level. The monetary metal tested the critical $2,000 level again this week. After dipping early in the week, prices bounced modestly on Thursday. The...

Report: Army Spent Billions on Helicopter That Won’t Fly

(Ken Silva, Headline USA) Defense News has reported that the U.S. Army is abandoning its multibillion-dollar effort to build a new armed scout helicopter, known as the Future Attack Reconnaissance Aircraft. Citing budget documents, Defense News reported last week that the Army already spend $2 billion on the project and requested another...

House GOP Grills IRS Head over Partisan Leaks, Nonprofit Favortism

(Casey Harper, The Center Square) Internal Revenue Service Commissioner Daniel Werfel responded to a range of concerns from lawmakers Thursday from the controversial $600 reporting rule to leaks at the agency. The questions came during the House Ways and Means Committee hearing, where a key topic was a controversial IRS...

Federal Spending Remains on ‘Unsustainable Long-Term Fiscal Path’

(Brett Rowland, The Center Square) A Ccongressional watchdog told President Joe Biden and Congress on Thursday that the federal government is on an "unsustainable long-term fiscal path." The report from the U.S Government Accountability Office comes a week after a Congressional Budget Office report found federal spending is projected to...

Former CEO: High Interest Rates ‘Killing’ Companies as Layoffs Continue

(Bethany Blankley, The Center Square) President Joe Biden is blaming corporations for high prices and "shrinkflation." Business executives and many economists disagree, arguing the real problem is inflation created by federal deficit spending policies. Ahead of the Super Bowl, Biden tweeted a video saying, “While you were Super Bowl shopping, did...

Fed Bank Bailout Program Ends in March… Then What?

(Mike Maharrey, Money Metals News Service) The bank bailout program established by the Federal Reserve in the wake of last spring's banking crisis is scheduled to shut down on March 11. Then what? There are a lot more questions than answers. For instance, will the Fed blink? And if it doesn’t, how will...

Why Rising Shipping Costs Won’t Cause Inflation

(Mike Maharrey, Money Metals News Service) Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consumer prices - price...

The Fed Hasn’t Done Enough to Beat Price Inflation

(Mike Maharrey, Money Metals News Service) Price inflation was supposed to be dead and buried months ago. But it’s doing just fine, thank you very much. The January Consumer Price Index report makes that pretty clear. Sure, the Federal Reserve managed to knock inflation down. But it was never out....

Dem. Rep. Wants $50 Minimum Wage in California as Consumers Pay Toll

(Jacob Bruns, Headline USA) At a Monday night debate in California, candidates for the United States Senate vied for the support of voters. One candidate in particular, Rep. Barbara Lee, D-Calif., floated the idea of raising the state's minimum wage to $50 per hour, Fox News reported. According to Lee, such...
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