Target market value drops, Biden rejects D.C. crime bill, J6 rioter sentenced to 18 years.
Target Market Value Takes a Hit
Target’s market value has plummeted by 8.5% in the past week, resulting in a loss of $6 billion in market capitalization. The retail giant is facing a boycott from conservative and Christian groups over its controversial “Pride collection,” which includes products aimed at young children.
Biden Vetoes Bipartisan Police Bill
President Biden has vetoed a bipartisan bill that would have nullified the Washington, D.C., Council’s 2022 criminal justice reform act. Critics argue that the act is soft on crime and weakens police power, endangering Americans who visit D.C. The Senate recently voted 53-46 to nullify it and keep in certain police protections and criminal punishments. However, the president’s veto of that Senate bill now allows D.C.’s reform amendment to proceed. Senator J.D. Vance of Ohio blasted the president, saying that residents, tourists, and D.C. metro police “deserve far better.”
Congress Demands Jan. 6 Pipe Bomber Info From FBI Director
Congressional Republicans have called upon FBI Director Christopher Wray to brief them on the progress of the investigation into the January 6 pipe bomber. The letter indicates that FBI whistleblowers believe that the bureau has information relating to a metro swipe card used by the alleged bomber, as well as a potential license plate number. One former FBI agent told Congressman Jim Jordan (R-OH) that it just “doesn’t add up” why the federal government has not identified this man yet.
Debt Deal Update
The credit of the United States is in danger of being downgraded. Two credit rating agencies placed the U.S. on a “negative watch” over the debt ceiling negotiations between President Biden and House Speaker Kevin McCarthy (R-CA). Fitch Ratings, considered one of the three most influential credit rating agencies in the nation, said Wednesday evening that the triple-A rating currently held by the U.S. could be reconsidered because of “increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit.”
Major SCOTUS Decision Curtails EPA Power
The U.S. Supreme Court issued a 9-0 decision today that restricts the power of the Environmental Protection Agency to control underground water. This effectively ends the Biden administration’s definition of “waterways,” which was first implemented by President Barack Obama, only to be repealed by the Trump administration.
Oathkeepers’ Founder Gets 18 Years in Prison
Stewart Rhodes, the founder and leader of the Oath Keepers, was sentenced to 18 years in prison for his actions relating to the January 6 riot. Rhodes was convicted of seditious conspiracy on November 22. Federal prosecutors originally asked for 25 years. Authorities have now charged more than 1,000 people over the riot.
SCOTUS Sides With Minnesota Property Owner
The Supreme Court ruled in favor of Geraldine Tyler, a 94-year-old Minnesota grandmother who claims the state seized her condo and sold it for a profit over an unpaid tax debt. The Court unanimously sided with Tyler.
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