Under former President Trump’s administration in 2019 the US Senate reached a bipartisan agreement whereby the US debt ceiling would be suspended until July 31, 2021. That date is quickly approaching and Senate Republicans are indicating that they will refuse to raise the debt ceiling in order to combat current President Biden’s plans to spend an astronomical amount on his infrastructure bill. However, if the debt ceiling is not raised by July 31st then the US would likely eventually default on its debts resulting in a catastrophic economic panic and collapse around the world.

The most recent weekly unemployment claims increased last week despite the growing desperation by employers for new employees. Approximately 419,000 new individuals filed for unemployment insurance for the week ending on July 17, which sits at almost 100,000 claims higher than the week’s estimate. In the meantime, employers, especially in the service and retail industries, are becoming increasingly desperate for employees as they hope to re-open and increase business.

Tonight on FISM News: Senator Rand Paul threatens to bring a criminal referral against Dr. Anthony Fauci after their latest faceoff, the WHO Plans a Second Investigation into the origins of COVID-19, and the U.S. Women’s Soccer Team Suffers an Embarrassing Loss in the Olympics.