Today's Conservative News

Biden issues terse statement after McCarthy debt ceiling talks: ‘Avoid a catastrophe’

President Joe Biden issued a terse, three-sentence statement late Monday evening following the conclusion of his talks with House Speaker Kevin McCarthy on how to raise the debt ceiling, which failed to yield a final agreement but which both sides said was “productive.” “I just concluded a productive meeting with Speaker McCarthy about the need to prevent default and avoid a catastrophe for our economy.

Biden admin pulls grant for energy firm with Chinese ties in stunning reversal

The Biden administration informed lawmakers Monday that it will no longer award a $200 million grant to a Chinese-linked energy technology firm in an unexpected reversal. In a call with congressional staff Monday evening, Department of Energy (DOE) officials said Microvast, a Texas-based maker of technology for electric vehicle batteries, won’t receive the lucrative grant which had been earmarked under the 2021 infrastructure package.