The U.S. government will hit its debt limit on Thursday but Republicans are refusing to raise the limit unless deep spending cuts are passed by Congress and signed by President Joe Biden.
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One of the most significant cultural trends of the last decade has been the convergence of streaming and video news. Streaming has given consumers the power to watch TV news on the go and customize their experience. It also reduces the scarcity of media and allows news organizations to archive their content.

The advent of streaming news sets the stage for a re-shaping of political and news coverage. Streaming is likely to attract new overtly political operations and will free up online video streamers to operate without the restrictions of limited television licenses.

In response to the changing dynamics of broadcast news, three major networks have entered the streaming space. CBS, Fox, and MSNBC are repurposing their broadcast programming for streaming audiences. These networks have already invested hundreds of millions of dollars in their streaming operations.

They schedule regular nightly news programs and offer documentaries, news analysis, and reruns. The combination of these programs has prompted the three networks to earn combined profits of $3 billion in 2020.

Streaming has proved to be more attractive to mass audiences than linear television. Among those who subscribe to at least one streaming service are 85 percent of American households.

Streaming is also attracting niche audiences. For instance, SciTechDaily covers astronomy, cosmology, and Gravitational Waves. Another popular option is NewsBreak, which provides local news and election results. Users can express their opinions and block certain topics.

Streaming is also reducing the cost of building news libraries. With streaming, audiences have access to live events, as well as reruns.