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News & Articles By Arsenio Toledo
01/05/2024
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By Arsenio Toledo
Government debt surpasses $34 TRILLION mark just FOUR MONTHS after it hit $33 trillion
The total public debt of the United States has surpassed the $34 trillion mark for the first time in the nation’s history. The Department of the Treasury confirmed the historic event on Tuesday, Jan. 2, just as members of the divided Congress gear up for another series of political battles over government spending. (Related: House passes record […]
12/18/2023
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By Arsenio Toledo
House passes record $886 BILLION defense spending bill
The U.S. House of Representatives has passed a record-breaking $886 billion defense appropriations bill despite strong objections from certain Republican members of the House. The National Defense Authorization Act (NDAA) passed the House with 310 congressmen voting in favor and 118 voting against, successfully clearing the two-thirds majority required to pass the measure and send it straight […]
11/20/2023
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By Arsenio Toledo
Germany to DOUBLE its military aid spending for Ukraine in 2024
The government of Germany has announced its plan to “expand and increase” the support it provides for Ukraine amid the country’s ongoing conflict with Russia. This was announced by German Minister of Foreign Affairs Annalena Baerbock, who made the pronouncement during a meeting with her counterparts in the European Union in Brussels on Monday, Nov. […]
11/16/2023
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By Arsenio Toledo
Congress passes ANOTHER stopgap spending bill, delaying long-term solution to budget crisis
The House of Representatives has passed another stopgap funding bill, once again delaying a long-term solution for the government budget and making the possibility of a government shutdown more likely. By a vote of 336 to 95, with 209 Democrats and 127 Republicans supporting it, the House passed another stopgap government funding bill. Ninety-three Republicans […]
11/15/2023
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By Arsenio Toledo
47 Nations combine forces to require automated tax authority monitoring of crypto trading data
Nearly 50 nations, including the U.S., have announced their intention to collaborate to enable the automatic exchange of information between cryptocurrency trading firms and tax agencies. In a press release, the British government said this new coalition of nations and other jurisdictions is partnering up with the Organization for Economic Cooperation and Development (OECD) to […]
11/10/2023
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By Arsenio Toledo
DESPERATE MOVE: Zelensky BEGS Western allies for more money, promises to pay back all loans after the war
In a recent interview with MSNBC, Ukrainian President Volodymyr Zelensky made a plea to his country’s Western allies for urgent financial assistance, promising to pay back these loans at the conclusion of Ukraine’s conflict with Russia. “If you can’t give us some financial support, okay,” he said. “Please, give us a loan and we will pay […]
10/31/2023
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By Arsenio Toledo
Sanctuary City New York spent over $5 billion in taxpayer money the previous fiscal year to provide services for ILLEGAL IMMIGRANTS
The contracts New York City has signed to provide additional care for illegal immigrants flooding into the city have cost the Big Apple’s taxpayers over $5 billion by the end of the fiscal year on Sept. 30. New York City Mayor Eric Adams has signed nearly 200 contracts worth $5,056,744,415 since declaring a state of […]
10/18/2023
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By Arsenio Toledo
Alabama building a $1 billion, 4,000-bed prison – the most expensive prison in U.S. history
Alabama is proceeding with its plan to construct a $1 billion, 4,000-bed prison, which will end up becoming the most expensive prison in the history of the United States. The Alabama Corrections Institution Finance Authority late last month approved a final price of $1.082 billion for the prison now under construction in Elmore County in […]
10/02/2023
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By Arsenio Toledo
Congress abandons Ukraine aid in temporary funding bill to avert government shutdown
President Joe Biden signed a temporary funding bill late Saturday, Sept. 30, to keep the government open after Congress rushed to approve a bipartisan deal. The package drops Ukraine aid, a White House priority opposed by a growing number of GOP lawmakers. But it meets Biden’s request of increasing federal disaster assistance by $16 billion. The […]
09/25/2023
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By Arsenio Toledo
Sen. Rand Paul to hold up any stopgap government budget bill that includes funding for Ukraine
Republican Sen. Rand Paul of Kentucky has vowed to prevent the Senate from passing any stopgap government spending bill if it includes funding for additional weapons for Ukraine. Paul’s opposition to additional foreign aid to Ukraine comes as Congressional leaders are working to reach an agreement to pass a continuing resolution to keep the federal […]
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