Epoch Times

The Bipartisan Policy Center (BPC) reported that the U.S. government would likely default on its payment obligations sometime between early June and early August if changes aren’t made. The group’s May 2023 debt-limit analysis report, which was released on May 9, cited pressure from a decline in tax revenue as the support for their conclusion on a default date. The...

Ahead of today’s high-stakes meeting between President Joe Biden and congressional leaders to discuss raising the debt ceiling, U.S. business executives have issued a stern warning, urging both parties to reach an agreement. The cost of a default or even the possibility of one is too high, the group warned. “With the U.S. at risk of defaulting on its obligations...

Many Americans say they are suffering sharply from higher levels of financial anxiety as the economy takes a downturn. Money is now the prime cause of stress for most Americans, according to May 8 survey by Bankrate. At least 52 percent of respondents reported that personal finances have had a negative impact on their mental health, a significant increase from 42...

Commentary On May 2, The Epoch Times published an opinion piece entitled “Yes Is for Bringing Australia Together and Moving Forward.” The article argues that opponents of The Voice claim that the proposed entrenchment of The Voice in the Constitution repudiates “a central tenet of liberalism—the idea that we should be treated equally.” The article’s author argues that this claim by...

FARMVILLE, Va.—A second inmate who escaped from a Virginia jail last week was apprehended Monday after he showed up at a local university and asked for medical assistance. The inmate, identified by jail officials as Bruce Callahan, was detained by Longwood police after he walked into Lancer Park—a 50-acre residential community owned by Longwood University—and pulled an outdoor fire alarm,...

As 2024’s Iowa GOP caucus slowly approaches, two likely frontrunners are preparing to talk past each other from across the Hawkeye State. Florida Gov. Ron DeSantis and former President Donald Trump will hold competing events on May 13 in Iowa. Trump will hold a “Make America Great Again” rally at Lauridsen Amphitheater, Water Works Park, in Des Moines, the state’s...

Twitter owner Elon Musk said the platform is permanently removing inactive accounts to release desirable usernames back into rotation, a move that had long been promised but never delivered. While Twitter does have an inactive account policy in place, it hasn’t done much to enforce it. The platform encourages users to log in at least once a month to stay...

All eyes this week will be on the April inflation report. Will it continue its downward trend, or will the consumer price index (CPI) continue to be stubborn and sticky? The Federal Reserve Bank of Cleveland’s Inflation Nowcasting is penciling in an annual inflation rate of 5.2 percent, which would be up from 5 percent in March. The core inflation...

“He came to visit a home that I was renting in Karachi, and he went off for an interview. And he never came back. The man whom he was supposed to interview had set a trap for Danny. It was actually a kidnapping scheme. And Danny was never to be seen again.” In 2002, Wall Street Journal correspondent Asra Nomani...

Commentary As an investor, it’s very easy to look at the current environment and shake one’s head. There’s a tremendous amount of headwinds. Given the volumes of headlines involving inflation, the debt ceiling, incompetence in Washington, geopolitical risks, China, etc., some investors may just give up and stash away their cash. But that could prove to be rather short-sighted. If...

California and New York lawmakers have proposed bills to ban five toxic chemical food additives linked to cancer and behavioral and developmental issues in children. Jesse Gabriel (D-Woodland Hills), and Buffy Wicks (D-Sacramento), both members of the California Assembly, proposed Assembly Bill AB 418 in February. The bill is co-sponsored by Consumer Reports and the Environmental Working Group (EWG). The bill was approved, then...

Efforts to overturn vaccine mandates for both hospital patients and healthcare workers appear to be gaining momentum across the U.S. In what is seen as a major victory for transplant patients who did not take the COVID vaccine, one of the largest transplant centers in the U.S. reversed its policy to require the jab in order to be eligible for...

Australian Treasurers Jim Chalmers has refuted the idea that the newly announced $14.6 billion (US$9.88 billion) living cost relief will worsen inflation. In an interview with ABC Radio, the treasurer said the relief package included “responsible spending” and would not add pressure to inflation. Among the cost of living supports to be featured in the May 9 budget is an...

Commentary On Saturday, King Charles III was solemnly crowned in Westminster Abbey in a ceremony whose roots remote to the coronation of King Edgar the Peaceful in 973. The central act of this is when the king accepts his calling from God and receives the grace and powers to fulfil his responsibilities according to the law. The most important book...

The urban riots with images of buildings and cars set ablaze in 2020 proved how dangerous America’s city streets can be for anyone stuck in traffic during incidents of civil unrest. With little warning, your vehicle could be up against an angry, fist-pounding mob bent on causing harm and destruction. It’s an urban motorist’s worst nightmare, says James Jamila, North...

Democratic White House contender Robert Kennedy Jr. recently blamed the Central Intelligence Agency (CIA) for the assassination of his uncle, President John F. Kennedy, in 1963. Kennedy Jr., the son of assassinated Sen. Robert F. Kennedy, made the allegation on Sunday with John Catsimatidis on WABC 770 AM’s “Cats Roundtable.” Theories around JFK’s assassination have endured throughout the decades, with...

A group of 43 Republicans in the U.S. Senate said on May 6 that they “oppose raising the debt ceiling without substantive spending and budget reforms,” coalescing around their House counterparts ahead of the White House meeting over the federal debt ceiling amid a monthslong political standoff. “The Senate Republican conference is united behind the House Republican conference in support...

Commentary It’s easy, if not entirely fair, to explain Alexander Hamilton’s relentless search for fame and power as the outcome of a life begun under very unfavorable conditions. He was born on Jan. 11, 1757, an illegitimate child on the Caribbean island of Nevis, then a possession of the British Empire. His father deserted young Alexander’s mother when he was...

A Texas Democrat on Sunday said that stricter gun control measures likely would not have curbed the mass shooting at an outlet mall in Allen, Texas, on Saturday that left eight people dead. Rep. Henry Cuellar (D-Texas), whose district includes areas near the Texas-Mexico border, said that officials should first determine what led to the mass shooting. In an interview...

Officials in a New York county located thousands of miles from the U.S.-Mexico border declared a state of emergency after New York City officials decided to approve a plan to send illegal immigrants there. Rockland County Executive Ed Day said in a statement on Saturday that some 340 illegal immigrant males are expected to be sent to a hotel in Orangeburg...