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Yellen’s Senate Testimony & DOD Drone Footage | Afternoon Update | 3.16.23

Morning Wire XX

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Full Transcription:

[0] This is Daily Wire Editor -in -Chief John Bickley with Georgia Howe.

[1] It's Thursday, March 16th, and this is your Morning Wire afternoon update.

[2] Secretary of the Treasury, Janet Yellen, testified before the U .S. Senate today regarding the state of the banking system.

[3] She tried to reassure lawmakers and the public that there's no cause for concern.

[4] I can reassure the members of the committee that our banking system is sound and that Americans can feel confident that their deposits will be there when they need them.

[5] Yellen also stated that inflation remains America's number one economic issue.

[6] I consider high inflation, the number one economic problem that all of us need to face and address.

[7] I was very supportive of the American Rescue Plan.

[8] The Biden administration has demanded that TikTok parent company Bite Dance sell the video application or face a possible ban in the United States.

[9] through with Moore's Daily Wire reporter Tim Pierce.

[10] Lawmakers from both parties are concerned over reports that the Chinese Communist Party has access to user data through TikTok, a hugely popular social media app among young Americans.

[11] Those concerns drove the Biden administration to reportedly issue an ultimatum to TikTok's parent company, bite dance, either sell TikTok to a company not linked to China or risk a nationwide ban.

[12] BiteDance pledged in August last year to spend $1 .5 billion on building safeguards to protect American data from the Chinese government.

[13] But that pledge hasn't appeared to be enough for U .S. officials.

[14] President Joe Biden and dozens of state governors have banned the app from government devices.

[15] Officials over in the European Union took a similar step last month.

[16] The Department of Defense released video footage Thursday morning of the incident in which two Russian fighter jets harassed a U .S. military drone over international waters, leading to a collision and the complete loss of the U .S. drone.

[17] The U .S. European Command said in a statement that the two Russian aircraft conducted, quote, an unsafe and unprofessional intercept on March 14th.

[18] One retired brigadier general and former U .S. military deputy representative to NATO, Blaine Holt, told Newsmax that the video looked more like an accident due to an unskilled pilot.

[19] What I just saw in that video is a pretty crappy Russian fighter pilot looking to get a close look at that drone, and he clipped it.

[20] He just absolutely stinks at his job.

[21] There's no mastermind here.

[22] There's just a guy who needs to go back to pilot training.

[23] Exactly.

[24] He brought back the messed up jet.

[25] Some intelligence sources, however, told NBC that the Kremlin approved the fighter jet's actions.

[26] A new report from the House Oversight Committee claims that another Biden family member, this time Haley Biden, the widow of Beau, profited off the president's political connections by taking payouts from people associated with the Chinese Communist Party.

[27] House Oversight Committee Chairman James Comer of Conteux.

[28] Tucky alleged Thursday that, quote, over the course of several years, members of the Biden family and their companies received over $1 .3 million in payments from accounts related to their associate Rob Walker.

[29] Most of this money came as a result of a wire from a Chinese energy company and went not only to Hunter and James Biden, but also to Haley Biden and an unknown Biden.

[30] Here's Comer on Fox News discussing the matter.

[31] This just shows how deep the Biden family was involved in this influence peddling scheme.

[32] What we don't know is what the money was for.

[33] I mean, everyone says it was for an energy deal.

[34] Well, it looks to me like these people who were closely aligned with the Chinese Communist Party sent $3 million to a Shell Corporation.

[35] Then they turned around and split it three ways with a third going to the Biden family, three different family members for no apparent reason.

[36] The FBI raided the Florida home of the former chief of staffed ex -Maryland Governor Larry Hogan, a Republican on Wednesday.

[37] Here with more is Daily Wire reporter Brandon Dre.

[38] Roy McGrath was scheduled to appear in court on Monday for a criminal trial, but never showed up, prompting officials to launch a manhunt.

[39] McGrath has pleaded not guilty to an eight -count federal indictment on charges including wire fraud as well as fraud and embezzlement charges relating to hundreds of thousands of dollars.

[40] McGrath's attorney says that he has no idea where his client is, noting that this decision to not appear at court on Monday is quote out of the ordinary behavior well those your drive home updates this afternoon to learn more about these stories go to dailywire .com and for more in -depth discussion of the biggest stories of the day listen to our latest full episode of morning wire every morning