Jonathan Wong
The Latest
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US House Green-lights Debt Ceiling Bill, Embraces Bipartisan Support Despite Opposition
A split US House of Representatives has successfully passed a bill to provisionally suspend the country's $31.4 trillion debt ceiling. The decisive Wednesday vote revealed a majority backing from both Democrats and Republicans, strong enough to overshadow the objection led by hardline conservatives, thus averting a potential catastrophic fiscal default. 
A split US House of Representatives has successfully passed a bill to provisionally suspend the country's $31.4 trillion debt ceiling. The decisive Wednesday vote revealed a majority backing from both Democrats and Republicans, strong enough to overshadow the objection led by hardline conservatives, thus averting a potential catastrophic fiscal default. -
Critical Vote on Biden-McCarthy Debt Ceiling Legislation Looms in House
The House, under Republican leadership, is gearing up to vote on Wednesday on the vital debt ceiling legislation jointly negotiated by Speaker Kevin McCarthy and President Joe Biden, an effort to stave off a potential fiscal disaster. 
The House, under Republican leadership, is gearing up to vote on Wednesday on the vital debt ceiling legislation jointly negotiated by Speaker Kevin McCarthy and President Joe Biden, an effort to stave off a potential fiscal disaster. -
US-China Defense Dialogue: A Missed Opportunity Amid Rising Tensions
Despite anticipation for a potentially significant military meeting between the United States and China, the Chinese government has turned down an opportunity to engage at the upcoming security forum in Singapore. This decision underscores the current strains between the two global superpowers. 
Despite anticipation for a potentially significant military meeting between the United States and China, the Chinese government has turned down an opportunity to engage at the upcoming security forum in Singapore. This decision underscores the current strains between the two global superpowers. -
What measures could the Federal Reserve possibly take to rescue the market if the U.S. government defaults?
Based on discussions during the debt ceiling crises in 2011 and 2013, potential measures could include ending/suspending quantitative tightening, initiating temporary asset purchases, initiating repurchase and reverse repurchase operations, assisting banks through the discount window, providing support for money market funds, and even purchasing defaulting Treasury bonds directly. However, the Federal Reserve will not permit the Treasury Department to overdraw. 
Based on discussions during the debt ceiling crises in 2011 and 2013, potential measures could include ending/suspending quantitative tightening, initiating temporary asset purchases, initiating repurchase and reverse repurchase operations, assisting banks through the discount window, providing support for money market funds, and even purchasing defaulting Treasury bonds directly. However, the Federal Reserve will not permit the Treasury Department to overdraw. -
Deadline Looms as U.S. Debt Ceiling Negotiations Stall Over Safety-Net Programs
The negotiations to lift the U.S. government's $31.4 trillion debt ceiling remained gridlocked on Friday, as Democrats and Republicans sparred over strengthening employment conditions for specific welfare programs. 
The negotiations to lift the U.S. government's $31.4 trillion debt ceiling remained gridlocked on Friday, as Democrats and Republicans sparred over strengthening employment conditions for specific welfare programs. -
White House and Congressional Republicans Nearing Two-Year Debt Ceiling Deal Amid Market Uncertainty
The U.S. government's $31.4 trillion debt ceiling may be elevated for two years in a developing agreement between the White House and Congressional Republicans, a U.S. official disclosed. The proposal would cap non-defense spending, excluding military and veteran resources, marking an important turning point for financial negotiations in the nation's capital. 
The U.S. government's $31.4 trillion debt ceiling may be elevated for two years in a developing agreement between the White House and Congressional Republicans, a U.S. official disclosed. The proposal would cap non-defense spending, excluding military and veteran resources, marking an important turning point for financial negotiations in the nation's capital. -
Unsettling Letter from Brian Laundrie's Mother Raises Questions Amid Controversy
An incendiary letter penned by Brian Laundrie's mother, Roberta, has been disclosed to the public after a recent court session. 
An incendiary letter penned by Brian Laundrie's mother, Roberta, has been disclosed to the public after a recent court session. -
Stubborn Inflation! U.S. Q1 Core PCE Adjusted Up to Surpass Forecast at 5%
As the U.S. economy slows, inflation remains difficult to tame. The closely watched inflation indicators are revised upward across the board, with Q1 Core Personal Consumption Expenditures (PCE) index rising above forecast to an annualized 5%. Is stagflation on the horizon? 
As the U.S. economy slows, inflation remains difficult to tame. The closely watched inflation indicators are revised upward across the board, with Q1 Core Personal Consumption Expenditures (PCE) index rising above forecast to an annualized 5%. Is stagflation on the horizon? -
Top Commerce Officials from China and U.S. Set for Historic Meeting Amid Rising Trade Tensions
Thursday marks a significant moment in U.S.-China relations, as Chinese Minister of Commerce, Wang Wentao, confirms a scheduled meeting with his U.S. counterparts, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai, during his visit to the United States. This is Wang's first visit to the U.S. since the onset of the Biden administration. 
Thursday marks a significant moment in U.S.-China relations, as Chinese Minister of Commerce, Wang Wentao, confirms a scheduled meeting with his U.S. counterparts, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai, during his visit to the United States. This is Wang's first visit to the U.S. since the onset of the Biden administration. -
U.S. Infrastructure Faces Threats from State-Sponsored Chinese Cyber Espionage, Warns Western Intelligence
According to Western intelligence agencies and Microsoft, a state-sponsored Chinese hacker group, known as 'Volt Typhoon,' has been surveilling various critical infrastructure sectors in the United States, ranging from telecom services to transportation systems. 
According to Western intelligence agencies and Microsoft, a state-sponsored Chinese hacker group, known as 'Volt Typhoon,' has been surveilling various critical infrastructure sectors in the United States, ranging from telecom services to transportation systems.
