USPolitics

This week, the U.S. Supreme Court significantly limited Donald Trump’s authority—while it granted him the power to remove certain federal officials, it firmly stated that the Federal Reserve is off-limits. In a landmark ruling, the court erected a legal barrier that shields America’s central bank from presidential interference.

🔹 President Can Fire Some, But Not All
In a 6–3 decision, the Court ruled that Trump had the authority to dismiss Gwynne Wilcox, a former member of the National Labor Relations Board (NLRB), and Cathy Harris of the Merit Systems Protection Board (MSPB). Both women were appointed to their positions but were removed by Trump during his presidency. They sued, arguing that the president had exceeded his legal authority.
While lower courts initially sided with them, the Supreme Court overturned those rulings. The justices argued that the U.S. Constitution grants the president executive power, which includes the right to remove officials who exercise that power on his behalf—unless a specific exception applies.

🔹 The Fed Is a Protected Zone
However, the justices were crystal clear: this ruling does not apply to the Federal Reserve. The Court stated that the Fed is a "uniquely structured, historically distinct entity" and cannot be compared to other federal agencies.
This means that no president—not even Trump—can freely fire leaders of the central bank without violating the law. That’s a key point given Trump’s history of tension with Federal Reserve Chair Jerome Powell, whom he appointed but later sharply criticized.

🔹 Court: The Fed Is Not Part of Routine Executive Power
The ruling makes it clear that the Federal Reserve is viewed as an independent institution. It is not a direct part of the president’s executive branch and therefore cannot be governed in the same manner as typical federal offices.
The Court reasoned that the government might suffer more harm if a removed official remained in power than if someone were unlawfully dismissed. But this reasoning doesn’t apply to the Fed, which operates under a special legal status.

🔹 Liberal Justices Disagree
Three liberal justices—Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson—dissented. They believed that removing Wilcox and Harris before the legal process was complete was unfair and premature. However, the majority stood firm, allowing Trump to remove the officials—for now.

🔹 Powell Defends His Position
Federal Reserve Chair Jerome Powell has previously made his stance clear. During Trump’s public criticism of the Fed, Powell said at a press conference in November: "The law does not require me to resign—and I will not."
Now, with the Supreme Court's decision, Powell has the backing of the nation’s highest court. Donald Trump—and any future president—will have to accept that they cannot interfere with the operations of the Federal Reserve.

#TRUMP , #USPolitics , #USGovernment , #worldnews , #JeromePowell

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While the U.S. Senate recently showed bipartisan support for the GENIUS Act—legislation aimed at regulating stablecoins—Democratic senators are now pushing for a major addition. Led by Chuck Schumer, Elizabeth Warren, and Jeff Merkley, the group is introducing an anti-corruption amendment that would ban sitting presidents from profiting off cryptocurrency ventures. The target? Donald Trump.

🔹 A Ban on Presidential Profits from Crypto
Senator Merkley wrote on X that passing the GENIUS Act without their amendment would signal that Congress condones Trump’s alleged “pay-to-play” crypto influence scheme. Schumer is expected to back the proposal, which aims to directly address Trump’s growing involvement in the crypto space—specifically via the USD1 stablecoin.
This stablecoin was launched in March by World Liberty Financial (WLFI), a crypto platform reportedly operated by Donald Trump and his three sons. Eric and Donald Jr. are reportedly overseeing the project’s strategy, while the youngest, Barron Trump, is described as the “DeFi visionary” behind the initiative.

🔹 Conflict of Interest and Foreign Influence?
Democrats fear that once stablecoins like USD1 are formally recognized under U.S. law, Trump and his family could financially benefit from legislation they helped shape. One striking example: an investment firm from Abu Dhabi has announced it will use USD1 to settle a $2 billion deal with Binance, potentially saving the Trump family millions in fees.
To prevent such scenarios, Warren and her colleagues are calling for a formal investigation into Trump’s ties to WLFI. Co-founder Zach Witkoff has dismissed the concerns, calling the media coverage “misleading and inaccurate.”

🔹 Private Trump Dinner Under Scrutiny
What truly stirred the debate, however, was a private dinner hosted by Trump for 220 of the top meme coin investors. Notable attendees included Chinese crypto billionaire Justin Sun. Held at Trump’s golf resort, the event has raised serious red flags among lawmakers.
Merkley was set to join a protest outside Trump’s estate, organized by consumer group Public Citizen and progressive movement Our Revolution. Meanwhile, Warren, Merkley, and Senator Chris Murphy held a press conference demanding that Trump release the guest list, as most attendees remained anonymous—even though some admitted owning wallets that qualified them to attend

Senator Murphy called it “perhaps the most corrupt form of political fundraising in modern history,” arguing that guests essentially paid for private access to the President, possibly even to request favors involving national security.

The White House declined to comment.

📌 Democrats are now launching a new front in their effort to keep politics and crypto separate—with Donald Trump once again at the center. Whether their amendment succeeds could have far-reaching consequences for crypto regulation in the United States.

#TRUMP , #TrumpCrypto , #Stablecoins , #USPolitics , #CryptoNewss

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Donald Trump is pushing hard to pass his expansive legislative proposal — one he proudly calls a “big and beautiful” plan. But inside the Republican Party, tensions are boiling over. Lawmakers are clashing over Medicaid cuts, green energy tax breaks, and local tax deductions, leaving House Speaker Mike Johnson scrambling to hold the party together ahead of a critical vote.

🔥 A Mega-Bill That Rekindles Old Divides
Trump’s package combines tax reform, immigration, defense, energy policy, and debt ceiling measures. It was meant to be a unifying moment for Republicans. Instead, it has exposed deep ideological divides — both new and old.
The conservative House Freedom Caucus is leading the charge for major cuts to Medicaid and the introduction of work requirements for able-bodied adults receiving healthcare assistance, with a deadline before 2029.
While most Republicans agree in principle, moderates warn that harsh cuts could cost them votes in competitive districts.

🌱 Green Energy Tax Credits: Allies Become Opponents
Another battleground: tax breaks for green energy, introduced by President Biden through the Inflation Reduction Act.
🔹 Hardliners want them gone — entirely.

🔹 Republicans from states like Arizona and Pennsylvania argue their removal would hurt businesses that have already based major investments on these incentives.

💰 The SALT Cap: One Deduction, Many Opinions
The SALT cap, which limits federal deductions for state and local taxes to $10,000, remains controversial.
🔹 Republicans from low-tax states (like Tennessee and Missouri) say raising the cap unfairly benefits blue states with high tax burdens.

🔹 Moderates from New York, New Jersey, and California argue that restoring full SALT deductions is crucial for their voters and could decide control of the House in 2026.

✍️ Letters, Lobbying, and Internal Chaos
Twenty-one Republican House members wrote to leadership urging them to preserve green energy tax credits, citing their importance to U.S. energy manufacturing and infrastructure.
In response, fiscal hawks fired back, saying the green sector is propped up by subsidies, not real demand:
“Keeping IRA subsidies intact undermines our energy independence, sidelines coal and natural gas, and threatens grid reliability,” they warned.

⚖️ A Critical Test for Trump and the GOP
Trump’s bill is ambitious, but it’s moving through a political minefield. For many, this is a showdown between ideological purists and pragmatists fighting to survive their next elections.
Whether this “big and beautiful” plan succeeds will come down to every single vote.

#TRUMP , #TaxReform , #USPolitics , #GreenEnergy , #worldnews

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President Donald Trump is facing growing pressure to ensure that Elon Musk and his team do not misuse sensitive government data acquired during their time at the Department of Government Efficiency (DOGE) for private interests.

🧾 Senator Demands Legal Commitments as Musk’s Team Accessed Confidential Data
Senator Jeanne Shaheen called on Trump this week to require Elon and other DOGE employees to sign legal agreements promising not to use non-public government information after leaving office.
Her request stems from concerns that Musk’s team had access to a wide array of confidential data from multiple federal agencies — information that could be misused for business advantage upon returning to the private sector.
Shaheen, a Democrat from New Hampshire, noted that many DOGE employees are former workers from Musk’s companies, such as Tesla, SpaceX, and xAI, and that they had what she described as “unprecedented” access to federal data. Agencies involved reportedly include:
🔹 Social Security Administration

🔹 U.S. Department of the Treasury

🔹 Consumer Protection Bureau

🔹 Centers for Medicare and Medicaid Services

🔹 And other unnamed federal entities

🧠 "Tech Insiders With Secrets" – Shaheen Sounds the Alarm
In her letter to Trump, Shaheen warned:
“I am deeply concerned that government employees with a tech background could return to the private sector and exploit sensitive federal information to unfairly boost their own commercial ventures.”

🗣️ Bannon Weighs In: “Trust, but Verify”
Steve Bannon, former Trump adviser, voiced similar concerns, stating he wants written proof that no data has been transferred to Musk’s businesses. When asked whether he trusts Musk, Bannon replied:
“Trust, but verify.”

🏛️ White House Dismisses the Concerns
A White House official dismissed Shaheen’s letter as “meaningless,” saying all government employees are already bound by ethics laws that prohibit misuse of position or access to confidential information, even after leaving public service.

🤖 Musk’s Business Empire Under Scrutiny
Elon Musk currently heads multiple tech giants:
🔹 Tesla

🔹 SpaceX

🔹 Starlink

🔹 xAI, which develops AI tools like the chatbot Grok

🔹 And the X platform (formerly Twitter)
Notably, xAI is under investigation in Canada over allegations that it used user data without consent to train Grok, raising further questions about Musk’s handling of data — including government records accessed during his time at DOGE.

⏳ Musk's DOGE Tenure Nears Its End
Appointed by Trump to lead the newly established Department of Government Efficiency, Musk aimed to cut waste and reduce bureaucracy. But during his 130-day term, he eliminated agencies and proposed dismantling regulatory bodies — many of which oversee his own businesses.
Now, with his term ending soon, some DOGE staff are expected to remain in government, while others are planning to return to the private sector, potentially bringing sensitive insights with them.

⚠️ What Happens Next?
This issue is quickly turning into a political and ethical flashpoint. Will Trump heed Senator Shaheen’s call and enforce legal protections? Or will it all come down to an unwritten trust between the U.S. government and a billionaire entrepreneur with influence across AI, space, defense, and data?

#TRUMP , #ElonsMusk , #DOGE , #USPolitics , #Tesla

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U.S. Secretary of State Marco Rubio warned on Tuesday that if peace negotiations over the war in Ukraine remain deadlocked, the United States is prepared to impose new, tougher sanctions on Russia. He also rejected claims that the White House is easing its military support for Kyiv.

📞 Two-Hour Call with Putin – But No Progress
Rubio spoke in the Senate a day after President Donald Trump held a two-hour phone call with Vladimir Putin. But the conversation yielded no breakthrough — no ceasefire, no tangible steps forward.
This sparked harsh criticism from Democrats, who said Trump missed a chance to pressure Putin and clearly warn that new sanctions would follow if Russia refused to negotiate.

🛑 Sanctions, Tariffs, and Pressure on Russian Trading Partners
Republican Senator Lindsey Graham has introduced a bill that would include:
🔹 A 500% tariff on goods from countries still buying Russian oil and gas

🔹 Financial and tech sanctions targeting Russia’s war funding
Rubio acknowledged that if Russia refuses peace, such measures are “possible and understandable.” But he defended Trump’s view that threats could freeze diplomacy, and keeping the lines of communication open is crucial.

🗣️ Democrats: “Putin Is Playing Trump”
Senator Jeanne Shaheen called Putin’s vague offer for a “memorandum” nothing but stalling, stating:
“Trump admitted Putin is making a mockery of him.”
Senator Chris Van Hollen went even further:
“You’re throwing Ukraine under the bus, and Putin is playing you like a violin.”

🛡️ Rubio: Sanctions Still in Place, Weapons Still Flowing, No Concessions Made
Rubio insisted that no sanctions have been lifted, weapons are still being delivered, and Putin hasn’t received a single concession.
“Putin woke up this morning with the same sanctions he had at the start of the war.”
Still, Rubio emphasized that the conflict can only end through negotiation, and maintaining open diplomatic channels is necessary.

⚠️ Europe and Ukraine Are Worried
Trump’s suggestion that the Vatican take over as mediator, and his hesitation on applying more pressure, has left European and Ukrainian leaders uneasy. They fear that without strong U.S. resolve, Putin is simply buying time, while the fighting continues and civilian casualties mount.

🧾 Summary
👉 The U.S. may impose new sanctions if peace talks stall

👉 Trump faces backlash for not confronting Putin during their call

👉 Rubio defends diplomacy and insists military aid is ongoing

👉 The future of Ukraine may hinge on Washington’s next moves

#TRUMP , #CryptoNewss , #Geopolitics , #putin , #USPolitics

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Something big just happened in the U.S. – a potential game changer in the fight against AI abuse and online exploitation. President Donald Trump has signed a new federal law that makes it a crime to share intimate images without consent – including deepfake po*rnography. Even more importantly, tech platforms are now required to remove such content within 48 hours of being reported.
The Take It Down Act is now officially in effect and provides long-awaited legal protection for victims whose images (real or AI-generated) were posted online with the intent to harm, harass, or exploit.

🔹 A Law Championed by Melania Trump
The signing was a powerful moment – President Trump was joined by First Lady Melania Trump, who had been actively promoting this legislation as part of her campaign to protect children in the digital age.
“This legislation is a big step forward in protecting every American – especially our youth – from abuse of their image or identity,” Melania said.
In an emotional speech, she compared AI and social media to digital candy – tempting, addictive, but potentially dangerous. She stressed that it’s time to set clear boundaries.

🔹 What Exactly Does the Law Prohibit?
The Take It Down Act classifies it as a federal crime to post or even threaten to post intimate images (including deepfakes) without the person’s consent, especially if the goal is to cause harm, harass, or sexually exploit.
📌 For adults, this includes both real and altered images obtained in private or without their knowledge.

📌 For minors, it covers any image published to abuse, harass, or sexually arouse the offender – whether real or AI-generated.

🔹 Tech Platforms Now Have a Legal Obligation
The law doesn't just target offenders – it also places new responsibilities on tech companies. Websites, apps, and platforms that host user-generated content (such as social media) must now have a working takedown system in place and remove harmful content within 48 hours of it being reported. They must also prevent reuploads of the same content.

🔹 Strong Bipartisan Support in Congress
The bill passed through Congress with near-unanimous support – the House of Representatives approved it 409–2. Both Democrats and Republicans backed the initiative.
Melania Trump personally lobbied lawmakers, hosted roundtable discussions with victims, and even invited one of them – Elliston Berry – as her guest at the President’s State of the Union address in March.

✳️ Why This Matters
In an age where AI tools are becoming widely accessible, the abuse of deepfake technology and revenge po*rn is a growing threat. Celebrities like Taylor Swift and Jamie Lee Curtis have already fallen victim – as have countless ordinary people, including minors.
The Take It Down Act stands as one of the first major federal responses to these threats, sending a strong message: the digital world also needs clear rules and protections.

#TRUMP , #Melania , #CyberSecurity , #CryptoNewss , #USPolitics

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The U.S. Senate has passed the GENIUS bill with a strong bipartisan vote of 66 to 22 – signaling widespread support for stablecoin regulation across party lines. While supporters hail it as a crucial step toward consumer protection and market stability, critics warn that the bill may favor large corporations at the expense of small startups and innovation.

🔹 What Does the GENIUS Act Actually Bring?
Supporters argue that this legislation could help prevent disasters like the 2022 collapse of Terra Luna, which led to billions in losses. The bill requires stablecoin issuers to hold 100% of reserves in secure assets such as cash or U.S. Treasury bonds, ensuring users’ funds are fully backed.
In addition:

🔹 Issuers managing over $50 billion must publish monthly reserve disclosures,

🔹 They are subject to annual financial audits,

🔹 In the event of bankruptcy, everyday users get repayment priority.
Proponents say this creates trust, transparency, and forces companies to compete on quality rather than hype.

🔹 The Critics: Helping the Powerful, Hurting the Rest?
Not everyone is cheering. Critics like Senator Elizabeth Warren warn the law could open doors for political manipulation. For instance, the bill doesn’t directly address Trump’s $1 stablecoin, issued by a crypto firm linked to the former president. Warren claims this opens the way for anonymous buyers, foreign governments, and major corporations to bypass regulations and receive unfair political advantages.
Startups also voice concern. The bill demands stablecoins be issued through separate subsidiaries, meet strict liquidity standards, undergo constant audits, and comply with detailed marketing limits. For smaller teams or international developers, it might be too much to handle – effectively shutting them out of the U.S. market.
And if only a handful of giant firms dominate stablecoins, we could see less product diversity, fewer choices for users, and concentrated market power in just a few hands.

🔹 Balancing Safety and Innovation
The GENIUS Act is undeniably a landmark move toward regulating the U.S. stablecoin space – it’s the first time such assets will be governed under federal law. But the question remains: who will this law truly serve?
Supporters hope it will attract responsible investors and foster long-term growth. Critics fear overregulation could choke innovation, entrench the current giants, and exclude emerging players. They also warn that even if companies follow the rules on paper, bad actors could still abuse the system – with even bigger consequences next time.

📌 The GENIUS Act is a major first step in creating a regulated stablecoin framework. But whether it moves America forward, backward, or sideways depends on how it’s enforced, how it evolves, and who it ultimately empowers.

#USPolitics , #CryptoNewss , #Cryptolaw , #Regulation , #stablecoin

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On Sunday, the U.S. Congress moved forward with Trump’s new tax proposal, which is already sparking heated debate – not only among politicians but also in the crypto world. Dubbed the “big and beautiful” plan by President Donald Trump, the bill passed the House Budget Committee and is generating mixed reactions. Could it open the door to broader crypto adoption, or is it a cause for concern?

🔹 What Exactly Is Trump Proposing?
The key point? A 5% tax on money transfers from U.S. residents to their home countries abroad. According to the White House, the goal is to reduce government spending – but the move may also trigger unexpected consequences in the cryptocurrency space.

🔹 Migrants and Crypto: Dodging the Tax?
Mexican Ambassador to the U.S., Esteban Montezuma Barragán, has criticized the bill, calling it a form of double taxation. He warns that it could push migrants to turn to informal or unregulated money transfer channels – and this is where crypto might come in.
“People will start avoiding formal systems and look for alternative ways to send money. That’s a problem for oversight,” he said.

🔹 Coin Center: Law Might Drive Interest in Private Crypto Tools
Coin Center, a nonprofit focused on crypto policy, also voiced concerns. Its director, Peter Van Valkenburgh, said the tax law brings “complex and troubling consequences” – but it could also accelerate the use of privacy-focused tools.
“People will increasingly turn to self-hosted crypto wallets, which remain fully legal and are outside the scope of this tax proposal,” he emphasized. Centralized exchanges, on the other hand, could face increased compliance burdens.

🔹 Critics Warn of Fiscal Collapse
Not everyone is optimistic. Independent economic analyses warn that Trump’s bill could add an extra $3 to $5 trillion to the U.S. national debt by 2035. Last week, Moody’s even downgraded the U.S. credit rating, citing growing concerns over economic stability.
However, U.S. Treasury Secretary Scott Bessent dismissed the downgrade and remains confident that the bill will lead to more economic growth than debt.

🔹 Bitcoin and Trump: How Policy Moves Crypto Prices
Matthew Pines from the Bitcoin Policy Institute points out that the bill’s long-term impact on Bitcoin might be surprisingly positive. Trump’s economic decisions already influence the market – for instance, his aggressive trade stance earlier this year pushed Bitcoin below $76,000 in April.
But when Trump softened his tone and announced a trade deal with China in May, Bitcoin soared to $107,000 – showing just how tightly crypto is tied to geopolitics.

✳️ What’s Next?
Trump’s tax proposal might unintentionally become a boost for crypto – especially in the area of cross-border money transfers. Whether it becomes a true catalyst for decentralized tech adoption or just another bureaucratic hurdle remains to be seen.

#USPolitics , #TRUMP , #Regulation , #trumptariffs , #TradingCommunity

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The United States is ramping up pressure on its trade partners. Treasury Secretary Scott Bessent announced that if new trade deals aren’t reached within the next 90 days, the U.S. will reimpose high “reciprocal” tariffs that were originally set on April 2. Washington is bringing back an old weapon in a new trade offensive.

🔥 Ultimatum for 18 Key Countries
Speaking on CNN, Bessent confirmed that the Trump administration has started the countdown — either sign trade deals or face tariffs jumping back to as high as 145%. Most duties are currently relaxed to 10%, but Bessent made it clear: America’s patience isn’t infinite.
The U.S. is focusing on 18 “important” trade partners. Some deals may be regional, others individual — such as “one for Central America” or “for parts of Africa.” Trump said he’s willing to talk to over 150 countries, but time is running out.

🕒 90-Day Clock Is Ticking — Trump in Abu Dhabi: “Letters Are Coming”
Since April 2, when Trump called the tariff introduction “Liberation Day,” the U.S. has granted a temporary trade pause. During a visit to Abu Dhabi, Trump warned that the window is closing. Within a few weeks, Bessent and Commerce Secretary Howard Lutnick will begin sending formal letters detailing what countries will pay to do business in the U.S.
“It will be fair,” Trump assured. And markets reacted — stocks surged after the U.S. announced a temporary de-escalation with China, lowering tariffs on Chinese goods from 145% to 30%. China responded by cutting tariffs on American imports from 125% to 10%. The S&P 500 jumped 5.3%, marking five straight days of gains.

🎯 Bessent: Our Strategy? Strategic Uncertainty
Bessent defended the administration’s approach of “strategic uncertainty.” Offering too much clarity, he argued, would weaken America’s hand in negotiations. “If you don’t know what’s coming, you take talks more seriously,” he said.
He promised that small businesses, especially those reliant on Chinese parts, would still be able to trade under lower tariff conditions. Yet many owners remain anxious, warning that uncertain rules and rising costs are disrupting investments.

🛒 Walmart: We’ll Absorb Some Tariffs, Pass the Rest to Shoppers
Retail giant Walmart recently warned customers that prices might go up. Trump responded on Truth Social, urging the company to “eat the tariffs.”
Bessent remained pragmatic. He confirmed that he spoke directly with Walmart CEO Doug McMillon, who agreed that the company would absorb part of the costs, but acknowledged that some would be passed on to consumers.

📉 Moody’s Downgrades the U.S. — Bessent Shrugs It Off
On Friday, Moody’s downgraded the U.S. credit rating to Aa1, stripping the country of its final AAA rating. S&P had done so in 2011 and Fitch followed in 2023.
Moody’s cited the U.S. debt of $36 trillion and warned that the White House’s budget plan could add another $3.3 trillion over the next decade. But Bessent dismissed the downgrade: “I don’t really trust Moody’s,” he told CNN.
Still, analysts caution that a lower rating could force investors to demand higher yields on U.S. bonds — increasing the cost of borrowing and potentially raising rates on mortgages, loans, and global contracts.

🏁 Summary: Washington Turns Up the Heat — Global Trade Partners Have Until Summer
America is making its stance clear: Play by our rules or pay more. Bessent’s “strategic uncertainty” may strengthen negotiations, but it’s also injecting tension into global trade talks. While markets are currently optimistic, the threat of revived tariffs looms large.

#usa , #Tariffs , #TradeWars , #TradingCommunity , #USPolitics
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U.S. Treasury markets are under pressure again—the 30-year yield has surged above 5%, peaking at 5.011% on Wednesday, its highest level since April. This spike comes amid growing investor anxiety over America’s fiscal trajectory, following Moody’s recent downgrade, stripping the U.S. of its last remaining Aaa rating.
Moody’s cited ballooning deficits and surging interest expenses, adding fuel to an already tense financial landscape.

🧮 What’s Driving Yields Higher?
🔹 Exploding federal deficits – U.S. government spending keeps expanding with no clear plan to rein it in.

🔹 Fading foreign demand – Both Japan and China, traditionally top holders of U.S. debt, have been cutting their Treasury holdings.

🔹 Trade policy uncertainty – Recent comments around a possible return to tariffs under Trump are causing new volatility in global trade expectations.
“We’re just 12 basis points away from the highest yield since July 2007,” noted Jim Bianco, head of Bianco Research. “This isn’t just a number—it’s a sign markets are rethinking their trust in U.S. fiscal management.”

📉 Ripple Effects: Markets in Risk-Off Mode
Stocks retreat – Nasdaq futures dropped roughly 2%, signaling investor aversion to risk assets.

Bitcoin briefly wobbled – The last time yields hit 5% in April, BTC fell to a local low near $75,000. This time, however, it’s holding stronger—currently hovering above $103,000 after a Sunday high of $106,000.

📊 Who Holds U.S. Debt?
Recent shifts are also reshaping the debt landscape:

🔹 The U.K. has overtaken China to become the second-largest foreign holder of U.S. Treasuries ($779.3B), just behind Japan.

🔹 Yet both countries have been cutting their exposure, highlighting the urgent need for new buyers to absorb growing U.S. debt issuance.

💬 What Comes Next?
Analysts warn that the U.S. Treasury will be forced to issue more bonds to cover fiscal shortfalls, boosting supply and pressuring yields even higher. For investors, this environment spells increased volatility, as market sentiment swiftly shifts from risk-on to risk-off.
If yields remain above 5% for the long term, the impact could ripple across all asset classes—from mortgages to equities. And as experts point out, this time, it’s not just a temporary scare.

#USDOLLAR , #USPolitics , #globaleconomy , #MarketVolatility , #worldnews

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Donald Trump faced an unexpected blow from within his own party. His highly anticipated tax reform proposal, which aimed to extend the 2017 tax cuts and bring in new benefits for working Americans, was shut down by Republicans in the House of Representatives. To make matters worse, Moody’s stripped the U.S. of its last AAA credit rating, citing ballooning debt and a lack of spending discipline.

🔹 Republicans Turn Against Trump’s Plan
In a key vote in the House Budget Committee, five Republican members unexpectedly voted against the proposal, joining Democrats and blocking the bill. The dissenters — Ralph Norman, Chip Roy, Andrew Clyde, Josh Brecheen, and Lloyd Smucker — objected to the lack of deeper spending cuts, especially in Medicaid and green energy subsidies.
“We’re writing checks we can’t cash, and our kids will be left to pay the bill,” warned Chip Roy.

Trump urged his party to “UNITE” and slammed internal division, but it was too late — his own party blocked the bill, which included provisions like eliminating taxes on tips and overtime, boosting defense spending, and increasing funding for immigration enforcement.

🔹 Moody’s Sends a Stark Warning: AAA Gone, Debt Could Hit 134% of GDP
On the same day Trump’s bill failed, Moody’s issued a scathing report lowering the U.S. credit rating from AAA. The agency cited unsustainable national debt and warned that by 2035, U.S. debt could reach 134% of GDP, up from today’s 98%.
“Successive U.S. administrations and Congress have failed to implement measures to reverse the trend of large annual deficits and rising interest costs,” Moody’s stated.

This downgrade intensifies pressure on lawmakers, especially as Congress struggles to agree on basic budget reforms.

🔹 Hardliners Demand Tougher Conditions
The bill’s Republican opponents are pushing for:
🔹 Immediate work requirements for Medicaid recipients (not in 2029)

🔹 Elimination of green energy tax credits backed by Democrats

🔹 Stricter fiscal discipline
Lloyd Smucker, one of the five defectors, changed his vote from “yes” to “no,” saying it was a procedural step that would allow the bill to be revised and reintroduced.
Meanwhile, Republican Jodey Arrington, chair of the committee, said he would revisit the proposal in a rare Sunday session, insisting that the bill fulfills campaign promises made after Trump’s political comeback.

🔹 Analysts Warn Bill Would Worsen the Deficit by Trillions
Independent projections estimate that Trump’s tax proposal would add more than $3.7 trillion to the federal deficit over 10 years. The plan included not only income tax breaks and tip exemptions but also the repeal of taxes on gun silencers and an expansion of the 2017 tax cuts.
Democrats heavily criticized the plan. Brendan Boyle, the committee’s ranking Democrat, warned that Medicaid cuts could strip 8.6 million Americans of health insurance.
“No other piece of legislation, no prior law, and no historical event has caused so many Americans to lose healthcare coverage — not even the Great Depression,” Boyle stated.

🟠 Summary: Trump Faces GOP Resistance as Moody’s Rings Fiscal Alarm
Trump sought to launch a new tax revolution, but was blocked by his own party’s fiscal conservatives demanding deeper cuts. Meanwhile, Moody’s downgrade of the U.S. credit rating signals that the country’s fiscal policy is unsustainable, threatening investor confidence and long-term economic stability.

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The New York Times опублікувала статтю, в якій повідомляється, що за останній місяць сім’я Дональда Трампа, який нещодавно повернувся на посаду президента США, заробила приблизно $2 мільярди. Значна частина доходів пов’язана з бізнес-операціями, включно з запуском криптовалюти TRUMP, яка принесла щонайменше $174 мільйони.
Ці фінансові успіхи викликали неоднозначну реакцію. Одні вважають, що це свідчить про економічний вплив Трампа, інші вбачають у цьому потенційний конфлікт інтересів, адже президентська посада може сприяти бізнесу його сім’ї. На платформі X користувачі активно обговорюють цю тему, висловлюючи як підтримку, так і критику. Деякі пости на X навіть згадують суми до $3 мільярдів, але ці дані залишаються непідтвердженими.
Ситуація підкреслює, наскільки тісно політика та бізнес переплітаються у сучасному світі. Як розвиватимуться події, покаже час, але ця новина вже стала однією з найобговорюваніших. Слідкуйте за фінансовими трендами та оновленнями у світі політики, підписавшись на #MiningUpdates
#TrumpFamily #NYT #CryptoTrump #BusinessBoom #USPolitics #FinanceNewsUpdate #MiningUpdates