On Wire

Breaking news, updates, and reports on current events.

Elon Musk backs billionaire Warren Buffett’s famous plan to eliminate the deficit in 5 minutes

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“You just pass a law that says, ‘Anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection.’” HOLY CRAP 🚨: Elon Musk backs billionaire Warren Buffett’s famous plan to eliminate the deficit in 5 minutes: “You just pass a law that says, ‘Anytime there is … Read more

YouTube Premium is getting yet another price hike for users across the globe

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YouTube Premium is getting more expensive for subscribers across Europe and Asia, with some plans increasing by nearly 17%. The Google-owned platform began emailing users about the changes in August. According to 9to5Google, individual plans in parts of Europe are rising from €13.99 to €15.99 per month. Customers in Finland reported increases from €14.99 to … Read more

FCC abolishes gigabit speed goal because it’s unfair

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FCC decides 1Gbps is too fast, standard must be “technologically neutral” The Federal Communications Commission last week eliminated the gigabit speed goal established during the Biden administration and declared that current levels of broadband deployment in the US are acceptable. Though fiber networks have routinely offered such speeds for years, the FCC said the gigabit … Read more

China Develops Missile to Target Planes Thousands of Miles Away

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The Chinese military has developed hypersonic glide vehicles that can launch air-to-air weapons, an advancement meant to threaten high-value targets such as command-and-control aircraft thousands of miles away. The breakthrough is part of a larger effort by China to use its missile arsenal — the world’s largest at more than 3,150 ballistic weapons — for … Read more

Supreme Court allows some Trump vote-by-mail limits ahead of midterm election

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The Supreme Court on Monday sided with President Donald Trump for now in his effort to impose sweeping new restrictions on distributing mail ballots, putting on hold a lower-court ruling that had blocked key parts of the plan ahead of November’s midterm elections. The justices, over three dissents, paused a ruling by U.S. District Judge … Read more

Judge Jeanine has a jury problem.

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The Trump administration celebrated the arrival of an alleged MS-13 mastermind on American soil in March 2025. But it was Moises Rivera-Luna — a man whom the Justice Department says ordered murders in the US from inside a Salvadoran jail cell more than a decade ago — who fell to his knees, stunned and grateful, … Read more

WNBA player screams at Enes for pro-woman shirt

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WNBA players are SCREAMING at Enes Kanter Freedom for wearing a pro-woman shirt. Well well well… pic.twitter.com/RG5PCIbCA0 — Jack (@jackunheard) August 24, 2026 Former NBA guy Enes Kanter Freedom wore the “woman = adult human female” shirt courtside. Chicago Sky guard Natasha Cloud went straight at him after her basket. She yelled and pointed while … Read more

Democrats turned Austin into a third-world mess

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Texas is not red. pic.twitter.com/uRqi2VaWbj — WeRideAtDawn08 (@WeRideAtDawn08) August 24, 2026 City cleaned 127 homeless camps and 300+ tons of trash in one month but people keep coming back. Point-in-time count still shows over 3,200 homeless in the Austin area. New “No Wrong Door” program launched to stop the jail-homeless cycle after years of failure. … Read more

BREAKING: US Treasury Secretary Bessent says anyone who “helps Iran” will be removed from the US Dollar system.

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BREAKING: US Treasury Secretary Bessent says anyone who “helps Iran” will be removed from the US Dollar system. Bessent says countries who “stick with Iran will be isolated with them.” — The Kobeissi Letter (@KobeissiLetter) August 24, 2026 Trump admin unveils anti-Iran global sanctions plan, signals China not exempt The Trump administration on Monday announced … Read more

Iran TV puts $10 million bounty on Barron Trump

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Iranian state-linked TV Channel 3 aired a segment titled “Where to kill Barron Trump?” It claims he’s fully monitored and floats a $10 million bounty. A lot of the details look like stylized propaganda and AI graphics. Jerusalem Post couldn’t even find the original on the channel’s own site. The clip titled “Where to kill … Read more

WSJ: DON’S DUMBEST!

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The Dumbest Trade War in History Trump will impose 25% tariffs on Canada and Mexico for no good reason. President Trump will fire his first tariff salvo on Saturday against those notorious American adversaries . . . Mexico and Canada. They’ll get hit with a 25% border tax, while China, a real adversary, will endure … Read more

Court Demands Answers on FBI Burn Bag Room Records!

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Judicial Watch announced that a federal judge ordered the U.S. Department of Justice to provide answers about nearly 2 million pages of FBI records discovered in a “hidden room” at FBI headquarters, including whether the records have already been reviewed in response to other Freedom of Information Act (FOIA) requests and whether the newly uncovered … Read more

Scott Bessent speaks at 2 p.m. ET today

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Press conference set for 2pm ET at Treasury today. Expected to detail the “toughest sanctions in history” on Iran. Package billed as economic D-Day to isolate Tehran further. Secondary sanctions on countries still dealing with Iran likely. May also address long-bond buybacks and the TGA cash pile. Markets waiting for any signal on yields and … Read more

CNBC reports Treasury could tap near $1 trillion TGA for bond buybacks, stock futures pared some losses on the report.

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U.S. STOCK INDEX FUTURES PARE SOME LOSSES; S&P 500 E-MINIS, DOW FUTURES DOWN 0.1%, NASDAQ FUTURES DOWN 0.4% — *Walter Bloomberg (@DeItaone) August 24, 2026 Up because of reports Bessent may use the TSA — Loren Boston THE FIAT WORLD IS WORRIED (@LorenBoston) August 24, 2026 Scott Bessent has apparently discovered a pot of nearly … Read more