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WILMINGTON, Del. — The revelation that federal prosecutors have launched a tax investigation into president-elect Joe Biden's son Hunter is now looming over the incoming administration's transition efforts.Reports Wednesday that federal authorities are investigating Hunter Biden's business in China is reviving distracting storylines and complicating the choice of an attorney general who would have to oversee a probe into Biden's son.The Associated Press has reported that Biden transition officials were considering nominating outgoing Sen. Doug Jones, D-Alabama, or Merrick Garland — President Barack Obama's nominee to replace Justice Antonin Scalia on the Supreme Court in 2016.But because Jones and Garland have longtime ties to Biden, the president-elect may choose to nominate someone else in the hopes of eliminating accusations of bias.President Donald Trump's initial public response was surprisingly muted, just a pair of tweets about a Fox News segment. But privately, he was demanding to know why the investigation was not revealed ahead of Election Day.Other Republicans, including possible presidential contenders, were anything but shy in piling on, questioning the integrity of the president-elect as well as his son. 1245

With increased expenditures and decreased tax revenues, the debt owed by the US federal government is expected to exceed the GDP of the US in 2021, according to a government analysis.On Wednesday, the Congressional Budget Office released the updated figures showing that the federal government’s debt is projected to be 104% of the size of the economy in fiscal year 2021. 2021 is expected to be the first time since 1946 that the amount of debt is larger than the size of the economy.The CBO’s projection shows that the debt is expected to remain larger than the size of the economy through the upcoming decade.For several decades following World War II, the amount of debt the US owed relative to the size of the economy decreased, bottoming out in 1974 at 23%. The US debt began increasing in the 70s and 80s as balanced budgets became more of an exception. The last time the US had a balanced budget was in 2001. While the US debt burden decreased for most of George W. Bush’s presidency, it began to skyrocket amid the last recession.The CBO says that while 2020 saw a slight decline in revenue, the year saw a massive increase in government spending amid the coronavirus pandemic.To see the full analysis, click here. 1231

Will Power won the 102nd running of the Indianapolis 500 on Sunday afternoon, but another major story throughout the race was the number of crashes during the race.In all, there were seven different crashes involving eight different cars, after nearly 1/4 of the race had been run. Several fan favorites were also taken out of the race, including Danica Patrick and Tony Kanaan.It started when reigning Indy 500 champion Takuma Sato and the No. 33 of James Davison came into contact in Turn 3 on lap 48. Both men were checked and released from the infield hospital. 573

While millions of Americans tuned in to watch the first presidential debate between President Donald Trump and Democratic presidential nominee Joe Biden, data shows the event will likely not impact the final outcome of the election.The first of three presidential debates was held Tuesday night in Cleveland, Ohio.NewsChannel 5 Political Analyst Pat Nolan said the first debate always brings high stakes for the candidates and high interest from voters."This is probably the biggest opportunity for both candidates to get in front of voters and convince them they are the right person," said Nolan.While people tuned in to hear what both candidates had to say, Nolan said polls show the debate ultimately won't sway voters."I think people have decided, I like Donald Trump and I will vote for him, or I like Joe Biden, I will vote for Joe Biden and they won’t change their minds," said Nolan.The debate was held in Ohio, which is considered a swing state. Nolan said while the number of undecided voters may be smaller in the current polarizing political climate, winning those votes matters and can make a difference in swing states.While both President Trump and Biden presented their plans for the country and tried to energize supporters, Nolan said many were watching for a viral moment that could make or break either candidate."It's like any big event, when you are up on the stage and the bright lights are out there, anyone can make a mistake."There are still two more debates coming up in October. The second presidential debate will be Oct. 15 in Miami, and the final debate will be Oct. 22 at Belmont University in Nashville.This story was first reported by Emily Luxen at WTVF in Nashville, Tennessee. 1722

When legendary singer Aretha Franklin died, she did not have a will or trust. Her four sons have filed a document listing themselves as interested parties, reports say.Franklin died last week from advanced pancreatic cancer. She was 76.In addition to her sons' filing, Franklin's niece has asked the court to appoint her as a personal representative of the estate, the Detroit Free Press reported. It said under Michigan law, if an unmarried person dies without a will, his or her assets are divided equally among any children.Franklin's lawyer has represented her in entertainment matters for nearly three decades, and told the paper that he constantly asked her to do a trust, but she never got around to it."I was after her for a number of years to do a trust," Los Angeles attorney Don Wilson told the paper. "It would have expedited things and kept them out of probate and kept things private."Wilson is Franklin's attorney in copyright matters, song publishing and record deals, and will be consulted on estate planning purposes. He said while he doesn't have a dollar figure on the value of her assets, the lack of a will means the finances will become public in Oakland County Probate Court."I just hope (Franklin's estate) doesn't end up getting so hotly contested," Wilson said. "Any time they don't leave a trust or will, there always ends up being a fight."CNN has reached out to Wilson for more details.Franklin's funeral will be held on August 31 in Detroit, with the service for family and friends planned for 10 a.m. ET the same day.Public viewings will be held August 28 and 29 from 9 a.m. to 9 p.m. at the Charles H. Wright Museum of African American History in Detroit.Franklin will be entombed at Woodlawn Cemetery in Detroit.The-CNN-Wire 1767