Author: Business Insider

WASHINGTON (AP) — President Joe Biden will announce Thursday that he is tapping Air Force Gen. CQ Brown Jr., a history-making fighter pilot with deep knowledge of China, to serve as chairman of the Joint Chiefs of Staff.Brown’s confirmation would mean that, for the first time, both the Pentagon’s top military and civilian positions would…

There’s much excitement around the world following the events of Monday night, in which Ukrainian air defences armed with US-made weapons reportedly neutralised a heavy Russian missile attack against Kyiv.In particular the attack apparently included six KH-47M2 Kinzhal (“Dagger”) air-launched missiles, which are often described as “hypersonic”, frequently with the added assertion that there is…

Landmark new crypto rules were signed off on Tuesday by finance ministers of the European Union (EU). The EU’s Council, which represents 27 member states, unanimously approved the Markets in Crypto Assets regulation (MiCA), making the bloc set to be the first major jurisdiction in the world with a crypto licensing regime. Clifford Chance LLP…

The Biden administration is sounding the alarm over Republicans’ hopes to enact far-reaching spending cuts, saying that the contours of the GOP’s plans would result in a 30% slash to a slew of popular federal programs.In a memo, Shalanda Young, director of the Office of Management and Budget, breaks down the math on Republicans’ desired funding…

Speaker of the House Kevin McCarthy isn’t inspiring confidence that the US can avoid an unprecedented and catastrophic default on its debt.Last week, President Joe Biden met with McCarthy and the three other top lawmakers in Congress to come to an agreement on raising the debt ceiling before the US defaults, which Treasury Secretary Janet…

Former U.N. ambassador Nikki Haley, who is running for president in 2024, tells “Face the Nation” that the U.S. shouldn’t return to Trump-era immigration policies. But, she said, that the immigration crisis needs to be treated as a “national security issue” and “we shouldn’t wait for another 9/11 to realize that Republicans and Democrats have…

Former President Donald Trump weighed in on the debt ceiling crisis this week — and he thinks Republicans’ best bet is to hurdle into economic catastrophe. Ohio’s freshman GOP senator is listening.During a CNN Town Hall on Wednesday night, the network’s anchor Kaitlan Collins asked Trump how he views the current debt situation in the country.…

“A real war is being waged against our motherland!” Vladimir Putin boomed at crowds in Moscow’s Red Square this week. Yet even as his armoured cars and military trucks rolled across the cobbles in the annual Victory Day Parade, Western cyber experts were delivering the Russian leader a gift to remember.The Snake malicious software (malware)…