Senate Blocks Clarity Act As Cloture Falls Short Of 60 Votes The Senate on Tuesday failed to advance the Digital Asset Market Clarity Act, falling short of the 60 votes needed to invoke cloture on the motion to proceed to H.R. 3633. The vote, held at about 2:15 p.m. ET, was the first floor test of comprehensive crypto market-structure legislation in the chamber. It was not a vote on final passage. It was a vote on whether debate […]

“High Crimes And Misdemeanors”: Massie Forces House Vote To Impeach Defense Secretary Pete Hegseth Rep. Thomas Massie (R-KY) on Tuesday introduced privileged articles of impeachment against Secretary of Defense Pete Hegseth, accusing him of waging an unauthorized war in Iran, ignoring a congressional directive to end it, conducting extrajudicial killings at sea, retaliating against a U.S. senator, seizing Venezuelan leader Nicolás […]

Thune “Open To Exploring” Diesel Export Ban As Skyrocketing Prices Raise Fears Of 2008-Style Shock Senate Majority Leader John Thune told reporters this morning that he is “open to exploring” a diesel export ban as AAA’s national average price for the industrial fuel continues to set new highs, now topping $6.27 a gallon. *THUNE SAYS HE IS ‘OPEN TO CONSIDERING’ AN EXPORT BAN ON DIESEL — zerohedge (@zerohedge) September 15, […]

Japanese Bond Yields Surge To 30 Year High On Report Tokyo May Hike Defense Spending To 3.5% Of GDP Just in case Japan’s bond yields weren’t high enough already, Bloomberg reports that Japan is considering a new mid-term defense spending target of 3.5% of GDP in line with NATO and other US allies. Such a move would send a shockwave through financial markets concerned about Prime Minister Sanae Takaichi’s spending plans at a time […]

Terrible 20Y Auction Prices With Huge Tail, Lowest Foreign Demand On Record Earlier today during his grilling in Congress, Treasury Secretary Scott Bessent was asked to explain the recent spike in yields, to which his response was to blame oil, and point out that last week’s 10Y and 30Y auctions were both stellar. Which they were… but only because they took place on days when yields soared earlier itn eh day, giving buyers in the […]

Energy Truce In Shambles: Ukraine Strikes Russian Refinery Despite Trump’s Warning Amid Global Diesel Crisis President Volodymyr Zelenskyy said on X that Ukrainian forces struck the Syzran refinery in Russia’s Samara region, about 75 miles west of Samara and 466 miles southeast of Moscow. The strike comes days after President Trump urged Ukraine to halt attacks on Russian refineries, as average US retail diesel prices jumped […]

AI Agents Cheated In Google Experiment, Researchers Report Authored by Zachary Stieber via The Epoch Times, Artificial intelligence (AI) agents tasked with math problems began cheating when encountering more difficult conjectures, Google researchers reported in a new study. They also found that some of the agents reported those that cheated. Google DeepMind studied the activity of 100 agents given a set of 71 formal math […]

Warsh’s Credibility Test: How The Fed Chair Painted Himself Into A Corner Only about two weeks ago, downside risk to the labor market had been flagged by a negative nonfarm payroll growth number for July, progress was being made on the inflation front, and Warsh had been exceptionally quiet for a Fed Chair. Consequently, markets were pricing in a low probability for a rate hike in September, just over 30%. Then, as Rabobank’s […]

Newsom Says He Won’t Run For President In 2028 If Kamala Harris Does Authored by Aldgra Fredly via The Epoch Times, California Gov. Gavin Newsom said on Sept. 14 that he would not run for president in 2028 if former Vice President Kamala Harris decides to make another presidential bid. “I don’t know if she runs, but we’ll see,” Newsom, a Democrat, told CNN anchor Jake Tapper in an interview. “I wouldn’t run if she ran.” Newsom […]

Money-Supply Growth Accelerated In July To A 59-Month High Authored by Ryan McMaken via The Mises Institute, Shortly after becoming the new Fed chairman, Kevin Warsh has admitted that it’s been more than five years since the Federal Reserve hit its two-percent price-inflation target. Warsh has also claimed that he’ll change that, and he’ll bring down price inflation very soon. But if Warsh is serious about price inflation he’s […]

EPA Repeals Biden-Era Carbon Rules For Power Plants As previewed here yesterday, late on Monday the Environmental Protection Agency (EPA) said that it finalized a rule repealing most of the carbon-emission limits for coal- and natural gas-fired power plants and proposed a separate measure that could restrict similar regulations in the future. Appropriately, the Sept. 14 announcement came at the G20 energy event in Houston.  The […]

Saudis Cancel September Crude Cargoes To Europe As East-West Pipeline Shutdown Deepens Energy Crisis Summary: Saudis Cancel September-Loading Crude Cargoes to Europe Europeans are paying between $9-$11 per gallon for diesel amid Global Refining Crisis  Saudi Oil Routes Narrow: Kingdom Eyes Hormuz Export Surge After Pipeline Attack Saudis Cancel September-Loading Crude Cargoes to Europe “Refining is super short.   Between […]

Everybody Involved In The “AI Extinction” Conversation Is Talking Their Own Book By Benjamin Picton, senior market strategist at Rabobank Coalition of the Exceedingly Reluctant US 10-year bond yields topped 5% on Monday, and again on Tuesday, as crude oil prices continued to move higher and overnight index swaps implied a higher chance of a Fed rate hike on Wednesday. The OIS market now has 24.9bps priced in for Wednesday’s FOMC […]

Democrat Judge Rules Trump’s FEMA Staffing Cut Violated The Law Shock of all shocks – a California judge on Friday ruled that the Trump administration violated the law when it ordered  the Federal Emergency Management Agency (FEMA) to cut its workforce from 23,000 to 11,500 by the end of the 2026 fiscal year. A resident enters a FEMA’s improvised station to attend claims by local residents affected by floods following the […]

Trump Says Countries Should Reimburse US For Strait Of Hormuz Help Authored by Jack Phillips via The Epoch Times, President Donald Trump on Sept. 14 said that countries should reimburse the United States for its military efforts in trying to get oil through the Strait of Hormuz amid the Iran war. Trump said oil is continuing to flow through the strait, a critical route for crude oil and natural gas shipments, although both the […]

Here Lies The Motive: AI Leaders’ Cunning Plan Exposed Are you scared enough yet? The AI overlords certainly hope so, as they have hatched a plan so cunning you could pin a tail on it and call it a fox. What follows is all speculation: the facts are real, the conclusion is interpretation. While there were many headlines about ‘rogue’ AIs attacking other sites, reincarnating themselves, and talking amongst themselves, it wasn’t […]

“Completely Beyond The Pale…” Authored by Steve Watson via Modernity News, A newly unveiled memorial to Charlie Kirk was vandalized overnight outside Turning Point USA headquarters in Phoenix – and TPUSA spokesman Andrew Kolvet says the attack went beyond ordinary graffiti. On Fox News’ America’s Newsroom, Kolvet described the damage as “awful, disgusting” and “completely beyond the pale.” Vandals hit an 8-foot bronze statue […]

Judge In Lindsay Clancy Trial Orders Jurors’ Identities To Be Sealed Indefinitely Authored by Aldgra Fredly via The Epoch Times, The judge in the murder trial of Lindsay Clancy ordered that the jurors’ names be sealed indefinitely due to concerns about their privacy. Judge William Sullivan said on Sept. 14 that the jury list will remain impounded until a new order is issued, citing “a real and present” risk of personal harm to […]

Dazed And Confused Mitch McConnell Reappears After Three Month Hiatus He’s 84-years-young and the poster child for term limits – Mitch McConnell has been a thorn in the side of the Trump Administration for years.  A classic Neo-Con, McConnell has continued to oppose voter identification under the Save Act and Trump’s tariff policies.  He blames Trump for the events of January 6th and criticized Trump’s sweeping pardons of J6 […]

UK Mulls Military Support For Saudis Against Houthis After MbS Appeal Amid ongoing Saudi humiliation as the Houthis have rapidly expanded their territory in Yemen, which involved a 36-hour period last week where the rebels took control of the country’s entire Red Sea coast, Crown Prince Mohammed bin Salman (MbS) is desperately seeking military help from key allies in the West and regionally. Already rejected by the Trump […]

Futures Drop As Yields, Oil Prices Keep Rising Futures are lower – but well off session lows thanks to some well-time oil sell orders just before US traders walked in to work – as bond yields continue to make new highs, with both Nasdaq and Russell lagging the S&P which feels like more de-risking into tomorrow’s Fed release. AS of 8:15am ET, S&P and Nasdaq futures are down 0.1% amid premarket weakness in Mag7 with GOOG / […]

Will Trump Accounts Make Every Kid A Millionaire? Authored by Paul Mueller via The Daily Economy, No – or at least, not by the time they finish high school. Depending on how they’re funded, a Trump Account could turn a child into a decamillionaire by retirement, or it might just be worth about $4,300 on their eighteenth birthday. As with any account, three variables dictate the outcome: contributions, rate of return, and time. […]

BYD’s EU Invasion Deepens Germany’s Auto Industry Crisis The rise of right-wing populism in Germany comes as globalist policies backfire and crush Europe’s industrial powerhouse. The nation’s auto industry is in shambles, with layoffs and production cuts, after European leaders had the brilliant idea of letting cheap Chinese EVs flood the struggling continent. Bloomberg cites new data from Schmidt Automotive Research showing […]

Bloomberg Terminal Hikes Prices As Inflation Hits Wall Street’s Data Bills Bloomberg Terminal subscriptions will see a price hike starting Jan. 1, 2027, according to an email Bloomberg sent out early Monday. Monthly subscription prices will increase by $140 per Terminal at locations with multiple licenses and $155 at locations with a single license. That’s about a 3% price hike, or an additional $1,680 and $1,860 annually per […]

Judge To Begin Consideration Of Bayer’s $7.25 Billion Roundup Settlement Authored by Troy Myers via The Epoch Times, A circuit judge in Missouri is set to begin weighing on Sept. 14 agrochemical giant Monsanto’s proposal of a $7.25 billion settlement for tens of thousands of lawsuits alleging that the company’s popular Roundup weedkiller causes cancer. Bottles of Roundup weed killer on a shelf at a Lowe’s Garden Center in Burbank, […]