The milestone figure was recorded just five months after the U.S. hit a record $39 trillion debt in March. It reached $38 trillion five months before that, in October. Federal agents seize devices from ex-Rep.
Eric Swalwell in sexual misconduct probe, AP source says Federal agents have seized electronic devices from former Rep. Eric Swalwell and searched his Washington home as part of an investigation into allegations of sexual misconduct by the ex-Democratic congressman from California, according to a person familiar with the matter. Swalwell’s devices were seized at the San Francisco airport on Saturday, and federal agents searched his home a day later.
A message seeking comment was left Thursday with an attorney for Swalwell. Swalwell announced his resignation from Congress in April following sexual assault and misconduct allegations, which he has denied. The AP source wasn’t authorized to discuss an ongoing investigation publicly and spoke on the condition of anonymity.
Bessent says bond buyback operation could be more than $4 billion Treasury Secretary Scott Bessent said during a CNBC interview on Thursday that an accelerated buyback of government debt “could be more than $4 billion per issue.” His comments followed the Treasury’s Wednesday announcement that it would dramatically expand the amount of U.S. government bonds it will buy back. When asked about the motivation for the move, Bessent said: “We’re trying to signal that this is a thinly traded area of the market, we’re in August and there’s been a lot of corporate issuances.” “We’re trying to keep the market in equilibrium.” Melania Trump is set to announce new scholarships for foster children The first lady is partnering with IndyCar, the sanctioning body for U.S. auto racing, and Indiana and Purdue universities to fund the scholarships, her office says. Both Indiana-based schools are joining about two dozen other institutions of higher learning to offer scholarships through Melania Trump’s “Fostering the Future” initiative benefiting young people in foster care.
A formal announcement is set for Thursday afternoon in the White House Rose Garden. The first lady will be joined by her husband and representatives from IndyCar and the universities. The announcement comes just before Sunday’s Freedom 250 Grand Prix race in downtown Washington, which was organized by the president to help celebrate America’s 250th birthday.
US approves $4.5 billion sale of military aerial refueling planes to Qatar as Iran conflict lingers The State Department said Thursday that it had given the green light for Qatar, a key U.S. partner in the Gulf, to buy four KC-46A aircraft along with assorted equipment, including turbofan engines, radar warning devices and countermeasure systems. The sale will also include trucks, training and assorted logistics services. The sale “will increase Qatar’s capability to meet current and future threats by enhancing its defense capabilities and interoperability with U.S. and allied forces and reinforcing Qatar’s strategic role in regional security,” the department said.
Extract — continue reading at the source.
