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Fed Budget at a Crossroads as 2024 CR Nears Expiration

Republicans Are Forcing A Government Shutdown And Trump Will Be Blamed– www.politicususa.com

pgnewser September 16, 2025 0

Fed Budget at a Crossroads as 2024 CR Nears Expiration

Republicans Are Forcing A Government Shutdown And Trump Will Be Blamed– www.politicususa.com
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The White House thinks that the current government funding debate can be won just like the last one was in March. They believe that nothing has changed, and they can pass a bill to keep the government open by putting Senate Democrats up against a deadline with no negotiations.

The political climate has changed.

The White House doesn’t see it, which is why Trump and his party are about to step on the rake and smack themselves in the face with a government shutdown.

Punchbowl News reported:

The House Republican leadership plans to put a bill on the floor this week to keep the federal government open through Nov. 20, a strategy aimed at giving appropriators another seven weeks to hash out a broader spending deal for the FY2026 bills.

Republicans are saying the CR will be “clean” — free of partisan policy riders.

But as we’ve reported, the GOP proposal doesn’t include any of the Democrats’ demands. Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries have said they can’t vote for any CR unless it includes health care-related provisions.

It’s not clear if Democrats are demanding that Republicans renew enhanced premium subsidies for Obamacare or restore OBBB Medicaid cuts. Rather, Schumer and Jeffries have simply called on Republicans to negotiate.

House of Representatives | Definition, History, & Facts | Britannica

House GOP leaders move to extend block on tariff termination votes– www.politico.com

pgnewser September 16, 2025 0

House of Representatives | Definition, History, & Facts | Britannica

House GOP leaders move to extend block on tariff termination votes– www.politico.com
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House Republican leaders are moving to again head off votes trying to cancel much of President Donald Trump’s sweeping tariff regime.

A procedural measure Republicans on the Rules Committee advanced Monday night would extend until March 31 a block on efforts by Democrats and several Republicans to end the national emergencies underlying Trump’s sweeping tariffs — including on Mexico, Canada, Brazil and his “liberation day” levies from April.

It would also block “resolutions of inquiry,” measures that can be used by the House to compel the release of information from the executive branch.

The House is set to vote Tuesday on the measure, which also tees up several D.C. crime- and governance-related bills for floor debate.

GOP leaders have struggled to keep their ranks in line on tariff-related votes. On Monday, their bid to strangle a Democratic-led effort to end Trump’s Brazil levies succeeded only narrowly, 200-198.

TikTok ‘framework’ deal overshadows U.S.-China trade talks– www.cnbc.com

pgnewser September 16, 2025 0

TikTok ‘framework’ deal overshadows U.S.-China trade talks– www.cnbc.com
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Excerpt:

U.S. and Chinese trade negotiations concluded in Spain Monday, after two days of talks on several sticking points ranging from tariff rates, export controls and the imminent deadline for a divestment of Chinese-owned TikTok.

Talks on trade were overshadowed by a “framework” deal regarding the social media platform, announced by Treasury Secretary Scott Bessent Monday.

“It’s between two private parties, but the commercial terms have been agreed upon,” he said from U.S.-China talks in Madrid. Both President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms.

The news comes ahead of a Wednesday deadline to either divest TikTok’s U.S. business or shut down the social media app in the country.

Bessent led negotiations alongside Trade Representative Jamieson Greer on the U.S. side, with the Chinese represented by Vice Premier He Lifeng and top trade negotiator Li Chenggang.

Trump to sign nuclear energy deal with UK– www.washingtonexaminer.com

pgnewser September 15, 2025 0

Trump to sign nuclear energy deal with UK– www.washingtonexaminer.com
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LONDON — The United States will finalize a new nuclear energy agreement with British leaders during President Donald Trump‘s state visit to the United Kingdom this week.

Trump will touch down in London on Tuesday before spending Wednesday at Windsor Castle with King Charles III, capped by a lavish state banquet in the evening.

The nuclear agreement itself, which British government officials said “will turbocharge the build-out of new nuclear power stations in both countries and clear the way for a major expansion of new nuclear projects in the U.K.,” will be signed on Thursday during a slate of bilateral meetings between Trump and British Prime Minister Keir Starmer.

“This landmark UK-US nuclear partnership is not just about powering our homes, it’s about powering our economy, our communities, and our ambition. These major commitments set us well on course to a golden age of nuclear that will drive down household bills in the long run, while delivering thousands of good jobs in the short term,” Starmer said in a statement to the Washington Examiner. “Together with the US, we’re building a golden age of nuclear that puts both countries at the forefront of global innovation and investment.”

Trump’s energy secretary, Chris Wright, said the administration is “ushering in a true nuclear renaissance — harnessing the power of commercial nuclear to meet rising energy demand and fuel the AI revolution.”

Interior Secretary Doug Burgum added, “Strengthened nuclear cooperation with the UK reinforces our unshakable commitment to technological leadership, global security and the responsible stewardship of nuclear power. This is how we unleash the full power of American Energy Dominance — with innovation, strength, and key geopolitical collaboration.”

Elon Musk’s xAI lays off 500 in overnight restructuring of Grok training workforce– www.techspot.com

pgnewser September 15, 2025 0

Elon Musk’s xAI lays off 500 in overnight restructuring of Grok training workforce– www.techspot.com
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Excerpt:

Business Insider obtained an internal email informing workers that the firm plans to prioritize “specialist AI tutors” over generalist roles and will immediately eliminate most general tutoring positions. The company told employees that it would honor their contracts through either November 30 or their previously agreed-upon end dates, but it…

Israel’s forex reserves hit new record– en.globes.co.il

pgnewser September 10, 2025 0

Israel’s forex reserves hit new record– en.globes.co.il
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Excerpt:

 

 

Israel’s foreign exchange reserves at the end of August 2025 rose to $230.321 billion – a new record – an increase of $3.553 billion from their level at the end of July, the Bank of Israel reports. The level of the reserves relative to GDP at the end of July was 41%.

 

The increase was the result of a revaluation that increased the reserves by about $3.759 billion, partly offset by foreign exchange activities by the government totaling about $209 million.

 

Trump fails in bid to fire Lisa Cook as Federal Reserve independence clings on– fortune.com

pgnewser September 10, 2025 0

Trump fails in bid to fire Lisa Cook as Federal Reserve independence clings on– fortune.com
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Excerpt:

A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her.

The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed, which sets short-term interest rates to achieve its congressionally mandated goals of stable prices and maximum employment. Congress has also sought to insulate the Fed from day-to-day politics.

Trump said he was firing Cook on Aug. 25 over allegations raised by one of his appointees that she committed mortgage fraud related to two properties she purchased in 2021, before she joined the Fed. Cook is accused of saying two properties were “primary residences,” which could have resulted in lower down payments and mortgage rates than if either was designated a second home or investment property.

Cook’s lawyers argued that firing her was unlawful because presidents can only fire Fed governors “for cause,” which has typically meant inefficiency, neglect of duty or malfeasance while in office. They also said she was entitled to a hearing and a chance to respond to the charges before being fired, but was not provided either. Her lawsuit denied the charges but did not provide more details.

Chinese scientists unveil blueprint for asteroid defense and resource utilization, call for int’l collaboration– financialpost.com

pgnewser September 8, 2025 0

Chinese scientists unveil blueprint for asteroid defense and resource utilization, call for int’l collaboration– financialpost.com
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Excerpt:

In a sub-forum of this conference, the Deep Space Exploration Lab highlighted ten major sectors as the future trends of deep space economy, including resource utilization, internet, energy, biology, transportation, smart technologies, construction, tourism, security, and cultural creativity.

Understanding age assurance in the Online Safety Act · Yoti

UK Citizens Must now use government ID to access the Internet… They’re Not Happy

pgnewser September 1, 2025 1

Understanding age assurance in the Online Safety Act · YotiOnline Safety Act petition: 300,000 sign petition to repeal Online Safety Bill – what happens next – Derbyshire Times

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Excerpt:

The new Online Safety Act rules came into force last week 🚨
  • Online Safety Act’s age verification rules came into force on July 25.
  • A petition calling to repeal it has passed 300,000 signatures.
  • But what will happen next – and will it be debated?

A petition urging the government to repeal the new Online Safety Act has passed 300,000 signatures – just days after the new rules came into force.

The changes came into effect on Friday (July 25), and one of the measures included requiring UK residents to verify their ages before accessing websites with pornography or other content that could be considered harmful to children. This can be done by uploading a picture of yourself for ‘facial age estimation’ or a photo of ID.

Trump ignites conservative backlash after opening door to 600,000 Chinese students: ‘What is this madness?’ – Fox News

pgnewser August 28, 2025 0

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Excerpt:

President Donald Trump’s plan to allow 600,000 Chinese student visas to be issued drew strong criticism from the right on Monday and Tuesday.

The proposal comes as the president is amid trade talks with China, and backers of the plan could be necessary to keep certain universities afloat, whereas others say it could hinder the opportunities of American students.

“I hear so many stories that we’re not going to allow their students,” Trump told reporters as trade talks with China are ongoing.

“We’re going to allow their students to come in. It’s very important, 600,000 students. It’s very important. But we’re going to get along with China,” he continued.

Trump expanded on his comments during a Cabinet meeting at the White House on Tuesday.

“I think it’s very insulting to say students can’t come here because they’ll go out and start building schools and they’ll be able to survive it. But I like that their students come here. I like that other countries’ students come here. And you know what would happen if they didn’t? Our college system would go to hell very quickly. And it wouldn’t be the top colleges, so it’d be colleges that struggle on the bottom. And you take out 300,000 or 600,000 students out of the system,” Trump said.

“I like having, and I told this to President Xi that we’re honored to have their students here. Now, with that, we check in with careful and we see who’s there,” he added.

Trump urges criminal charges against George Soros, son– economictimes.indiatimes.com

pgnewser August 28, 2025 0

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US President Donald Trump called Wednesday for billionaire George Soros and his son to face criminal charges over unfounded claims that the family, a favorite target of the right, is behind “violent protests” around the country.

Trump did not specify what prompted his morning outburst, but it comes as his administration pursues multiple criminal investigations against his perceived enemies.

“George Soros, and his wonderful Radical Left son, should be charged with RICO because of their support of Violent Protests, and much more,” the president wrote on his Truth Social platform, referring to a law against taking part in a criminal organization.

Long-standing conspiracy theories involving the Soros family swirled again in June, as street protests broke out in Los Angeles against a ramp up of immigration raids.

Trump used the demonstrations as justification to deploy the National Guard and Marines into the Democratic-run city.

WILLIAM FLAIG: When Silence Breaks: Wall Street’s Quiet Confession On Political Banking– dailycaller.com

pgnewser August 27, 2025 0

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In a striking turn of events, several senior banking executives have broken their long-standing silence, revealing that political coercion, not just regulatory prudence, steered decisions about whose bank accounts to close and services to deny.

Their admissions come on the heels of President Donald Trump’s executive order, Guaranteeing Fair Banking for All Americans, issued on August 7, 2025, which explicitly outlaws politicized or unlawful debanking and prohibits the nebulous use of “reputational risk” as justification for denying service.

Until now, institutions like JPMorgan, Bank of America, CitiGroup, and PNC have staunchly defended their practices, insisting that account closures rested solely on objective criteria. But in an extraordinary shift, these same banks through unnamed executives quoted by Fox News Digital have now voiced concerns about the “very, very real” pressure they felt from federal regulators under the Obama and Biden administrations.