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News Roundup 6/1/2023

News Roundup 6/1/2023

US News The former CIA officer, Brian Jeffrey Raymond, is accused of sexually assaulting 20 incapacitated women, but the case against him could fall apart because of the botched execution of the search warrant by the State and Justice Departments. NBC News The debt...

Record American Military Spending Tops Next 11 Countries Combined

Record American Military Spending Tops Next 11 Countries Combined

Global weapon expenditures hit a record $2.24 trillion in 2022, an increase of nearly 4%, according to the Stockholm International Peace Research Institute (SIPRI). The global watchdog found the trend was led by European countries returning to Cold-War spending levels, though the United States remained the world’s largest spender on war by far.

Record Bank Failures, And What They Mean

Record Bank Failures, And What They Mean

The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in U.S. history. Just two days following SVB’s collapse, Signature Bank joined the record books as the third largest bank failure in U.S. history. First Republic Bank also seemed...

Biden Asks for Massive $886 Billion Military Budget for 2024

Biden Asks for Massive $886 Billion Military Budget for 2024

The White House is asking Congress for a whopping $886.4 billion military budget for the fiscal year 2024, with $842 billion of it going to the Pentagon. The rest would go toward other federal agencies’ military spending, including the Energy Department’s nuclear weapons program.

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