The Biden regime has cut off military supplies and ammunition to Israel just as that country is gearing up to make a final push to eliminate Hamas the terror group that attacked Southern Israel on Oct. 7.
Per Axios:
The Biden administration last week put a hold on a shipment of U.S.-made ammunition to Israel, two Israeli officials told Axios. It is the first time since the Oct. 7 attack that the U.S. has stopped a weapons shipment intended for the Israeli military.
The incident raised serious concerns inside the Israeli government and sent officials scrambling to understand why the shipment was held, Israeli officials said.
Axios added:
President Biden is facing sharp criticism among Americans who oppose his support of Israel. The administration in February asked Israel to provide assurances that U.S.-made weapons were being used by Israel Defense Forces in Gaza in accordance with international law. Israel provided a signed letter of assurances in March.
The Biden administration is highly concerned Israel will invade the southern Gaza city of Rafah where more than one million displaced Palestinians have been taking shelter.
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Excerpt from lidblog.com
The massive failures of Bidenomics is pushing more banks to the verge of insolvency, a report finds.
Inflation, sky-high interest rates, and crashing economic growth is sending many smaller banks past the breaking point.
Worries of a possible new wave of bank failures comes on the heels of bank regulators seizing Republic First Bancorp to set up its sale to Fulton Bank.
Per Just the News::
The bank reportedly had a total of $6 billion in total assets and $4 billion in total deposits, according to Yahoo Finance. The Federal Deposit Insurance Corp estimated the cost of the failure to its fund would be about $667 million.
Republic Bank has 32 branches in New Jersey, Pennsylvania and New York that are reopening as branches of Fulton Bank by this Monday.
Just the News added, “According to recent reports, hundreds of banks face the potential of failing just like Republic First Bancorp.”
Consulting firm Klaros Group analyzed roughly 4,000 U.S. banks and found that the banks face a threat of losses due to “secular changes in social patterns accelerated by the COVID pandemic (such as work-from-home, which has materially impacted demand for office space) and to the impacts of higher interest rates and related inflation.”