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Government-forced EV transition costs GM $7.1 BILLION
The government forced transition to electric vehicles is costing General Motors billions.
Following EV sales that dropped off by 43% in the fourth quarter of 2025, GM announced in a filing with the Securities ad Exchange Commission on Thursday it’s bet on EVs will result in a $7.1 billion hit in 2026, The Associated Press reported.
“With the termination of certain consumer tax incentives and the reduction in the stringency of emissions regulations, industry-wide consumer demand for EVs in North America began to slow in 2025,” the company said in the filing cited by The financial Times. “As a result, GM proactively reduced EV capacity.”
About $6 billion in losses includes $1.8 billion in non-cash impairments and charges and another $4.2 billion in supplier settlements, cancelation fees, and other charges. The other $1.1 billion stems from a service charge to restructure its business in China, according to the Times. Click here to read.
Florida breaks record for highest graduation rate in state history, education leaders praise strong leadership
TALLAHASSEE, Fla.- Florida’s high school graduation rate hit a record 92.2% for the 2024-25 school year, a milestone education leaders say reflects the state’s strong focus on student success under Gov. Ron DeSantis.
Speaking during his State of the State address Tuesday, DeSantis framed the achievement as proof that high expectations, accountability, and support for schools can deliver real results for students.
“Florida’s historic graduation rate reflects the power of Governor DeSantis’ leadership, clear expectations, and unwavering commitment to student success,” said Education Commissioner Anastasios Kamoutsas. “These results show what can happen when we hold schools to high standards and prepare every student for life after graduation.” Click here to read more.
Bill Clinton Under Contempt of Congress After Ignoring Bipartisan Subpoena
Former President Bill Clinton did not appear today for his scheduled deposition before the House Oversight Committee. Hillary Clinton is scheduled to appear tomorrow, though it remains to be seen whether she will comply.Former President Bill Clinton did not appear today for his scheduled deposition before the House Oversight Committee. Hillary Clinton is scheduled to appear tomorrow, though it remains to be seen whether she will comply.
At 10:07 a.m. today, House Oversight Committee counsel initiated the deposition of former President William J. Clinton, noting for the record that he was not present. Exhibit materials included prior communications from Clinton’s attorney, David Kendall, acknowledging receipt of the original subpoena in August and a follow-up letter from Chairman Comer on December 15, 2025, warning that failure to appear could trigger contempt of Congress proceedings. As of 10:10 a.m., Clinton’s seat remained empty. Click here to read more.
Assaults against ICE up 1300%, vehicular attacks up 3200%, death threats up 8000%
Assaults against U.S. Immigration and Customs Enforcement officers are up 1,300%, vehicular attacks are up 3,200% and death threats are up 8,000%, the Department of Homeland Security said after a U.S. citizen was shot and killed during an alleged vehicular attack in Minneapolis this week.
Federal authorities argue the shooting was justified and in self-defense. Local and state officials say otherwise.
One day after the Minneapolis shooting, two Venezuelan nationals were shot by a Border Patrol agent after they attempted to run him over with their vehicle in Portland, Ore., the Department of Homeland Security said. DHS also describes the shooting as self-defense and justified.
The two Venezuelans and alleged Tren de Aragua members “weaponized their vehicle against Border Patrol in Portland. Click here to read more.
Undercover video prompts suspension of Secret Service agent
WASHINGTON - The Secret Service has placed an agent, who served on Vice President JD Vance’s protective detail, on administrative leave and suspended his clearance after he was captured in an undercover video talking about sensitive parts of his job.
In the video, he is seen and heard talking to a woman he had met for a date, discussing serving in the VP’s security detail, including the movement of Vance to and from his Naval Observatory home, and showing his badge after she asked.
“The U.S. Secret Service has no tolerance for any behavior that could potentially compromise the safety, privacy or trust of our protectees. This incident is under investigation, and the employee involved has been placed on administrative leave with his clearance suspended and access to agency facilities and systems revoked,” Deputy Secret Service Director Matthew Quinn said in a statement to NewsNation. Click here to read more.
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