The Daily Factum
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FDIC Nominee Christy Goldsmith Romero's Confirmation Hearing: Overhauling the FDIC and Addressing Misconduct Allegations
Broke On: Thursday, 11 July 2024FDIC Nominee Christy Goldsmith Romero's confirmation hearing on July 11, 2024, saw her pledge to address cultural issues and overhaul the FDIC in the face of misconduct allegations. With experience investigating fraud and praise from both parties, she expressed inclination to reconsider bank capital hikes. The hearing marked a significant step towards confirming Romero as the new regulator for smaller banks and depositor protection. 
Former President Trump to Meet with Hungarian Prime Minister Orbán Amidst Criticism and Concerns over Russian Ties
Broke On: Thursday, 11 July 2024Former US President Donald Trump meets Hungarian Prime Minister Viktor Orbán at the NATO summit, fueling concerns over potential Russian interference. Orbán's recent meetings with Putin and Xi Jinping raise eyebrows, as he denies representing NATO. 
Magnitude 6.4 Earthquake Strikes Off Coast of Vancouver Island: No Tsunamis Expected
Broke On: Thursday, 11 July 2024A 6.4 magnitude earthquake struck off the coast of Vancouver Island, Canada on July 11, 2024. The quake occurred near the Juan de Fuca Ridge, Sovanco Fracture Zone, and Nootka Fault Zone and was followed by a swarm of smaller quakes. No damage or tsunamis were expected due to its depth and location. Thirteen earthquakes with magnitudes greater than 4.0 have been detected in B.C. waters since the start of July. 
US Shuts Down $230M Gaza Aid Pier Amid Looting and Weather Issues
Broke On: Thursday, 11 July 2024The US is shutting down its $230 million humanitarian aid pier in Gaza due to looting and weather-related issues. Nearly 20 million pounds of aid have been delivered since May, but mobs hijacking convoys and rough seas caused setbacks. Key border crossings have reopened, making it more feasible to get aid around Gaza instead. 
Bipartisan House Passes SAVE Act to Prevent Non-Citizens from Voting: A Step Towards Election Integrity or Voter Suppression?
Broke On: Thursday, 11 July 2024The House of Representatives passed the SAVE Act, requiring voters to provide proof of citizenship for federal elections. Five Democrats and all Republicans voted in favor. Critics argue it's a voter suppression effort or an important step towards election integrity. 
Miracle Baby Survives Alone on Highway as Four-Year-Old Brother Found Deceased: The Shocking Story of Brandon and Aiden
Broke On: Thursday, 11 July 2024Two young children from the same family were found separately along a highway in Louisiana, with one deceased and the other surviving two days alone. The mother is arrested for failing to report a missing child as authorities continue their investigation. 
Vermont Hit Hard by Hurricane Beryl: One Death Confirmed, Dozens Rescued, Extensive Damage Reported in Central Vermont
Broke On: Thursday, 11 July 2024Vermont faces another disaster as Hurricane Beryl causes flooding, resulting in at least one confirmed death and significant damage in Central Vermont. Dozens of roads are closed, including Interstate 89 Exit 11 off-ramp and Route 2 in multiple towns. Evacuations have been reported, and shelters are open for displaced residents. Governor Phil Scott declares a state of emergency. 
Biden Faces Pressure from Within Party to Step Down as Democratic Nominee
Broke On: Thursday, 11 July 2024Anonymous sources claim that President Joe Biden's advisers and campaign staff have expressed concerns about his ability to win the upcoming election due to cognitive abilities, fundraising issues, and polling numbers. Some Democrats in Congress have also called for him to reconsider his decision to run for re-election. Despite these reports, Biden intends to stay in the race and address the issues directly in an interview with NBC News. Discussions about an orderly succession process include Vice President Kamala Harris as a potential nominee replacement. The pressure on Biden comes as he prepares for a NATO summit in Brussels. 
US and German Intelligence Agencies Thwart Russian Assassination Plot against Rheinmetall AG CEO
Broke On: Thursday, 11 July 2024US and German intelligence agencies thwart Russian plot to assassinate Armin Papperger, CEO of Rheinmetall AG, a major German arms manufacturer supporting Ukraine. This was one of several plans targeting defense industry executives and represented a significant escalation in Moscow's campaign against Western support for Ukraine. The collaboration between US and German intelligence agencies is a testament to their commitment to counter Russian aggression. 
Multiple Systems Off Florida Coast: Potential Tropical Development, Heavy Rain Expected
Broke On: Thursday, 11 July 2024The National Hurricane Center is tracking two systems off the Southeastern US Coast, with one potentially bringing heavy rain to the Carolinas later this week. Despite predictions of a quieter Atlantic hurricane season, both systems could impact the region.