Author: potus

WASHINGTON (AP) — Elon Musk on Saturday doubled down on his distaste for President Donald Trump’s sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries.“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” Musk wrote on X on Saturday as the Senate was scheduled to call a vote to open debate on the nearly 1,000-page bill. “It gives handouts to industries of the past while severely damaging industries of the future.”The Tesla and SpaceX…

(The Center Square) – A legislative package to “Make Texas Healthy Again” is going into effect after Gov. Greg Abbott signed three bills into law.Texas was the first state to implement a “Make America Again Healthy” package as part of the national movement led by U.S. Department of Health and Human Services Secretary Robert F. Kennedy Jr.Louisiana Gov. Jeff Landry signed a similar measure on Friday alongside Kennedy, The Center Square reported.Unlike Landry, Abbott didn’t hold a bill signing event, but Kennedy did weigh in on Texas’ legislative package on social media, saying, “Texas is leading the way.” Thanking Abbott…

WASHINGTON (AP) — At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations. Now it’s up to Congress to decide whether President Donald Trump’s signature’s domestic policy package will become law.Trump told Republicans, who hold majority power in the House and Senate, to skip their holiday vacations and deliver the bill by the Fourth of July. Senators were working through the weekend to pass the bill and send it back to the House for a final vote. Democrats are united against it.Here’s the latest…

A $44 billion IPO. A Senate bill with bipartisan momentum. And now, a wave of Fortune 500 firms launching crypto tokens of their own.Stablecoins — once a niche corner of the cryptocurrency world — are entering the corporate and policy mainstream, potentially reshaping how money moves in the United States and around the world.”Many of the users out there today are not aware of stablecoins, or not interested in stablecoins, and they should not be,” said Jose Fernandez da Ponte, PayPal’s SVP of blockchain, crypto and digital currencies. “It should just be a way in which you move value, and…

Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty Images News | Getty ImagesFor 20 years, Reddit has pitched itself as “the front page of the internet.” AI threatens to change that.As social media has changed over the past two decades with the shift to mobile and the more recent focus on short-form video, peers like MySpace, Digg and Flickr have faded into oblivion.…

WASHINGTON (AP) — Just hours after she pleaded not guilty to federal charges brought by the Trump administration, New Jersey Rep. LaMonica McIver was surrounded by dozens of supportive Democratic colleagues in the halls of the Capitol. The case, they argued, strikes at the heart of congressional power.“If they can break LaMonica, they can break the House of Representatives,” said New York Rep. Yvette Clarke, chair of the Congressional Black Caucus. Federal prosecutors allege that McIver interfered with law enforcement during a visit with two other House Democrats to an Immigration and Customs Enforcement facility in Newark, New Jersey. She…

WASHINGTON (AP) — The Senate is expected to grind through a rare weekend session as Republicans race to pass President Donald Trump’s package of tax breaks and spending cuts by his July Fourth deadline.Republicans are using their majorities in Congress to push aside Democratic opposition, but they have run into a series of political and policy setbacks. Not all GOP lawmakers are on board with proposals to reduce spending on Medicaid, food stamps and other programs as a way to help cover the cost of extending some $3.8 trillion in Trump tax breaks.The 940-page bill was released shortly before midnight…

A divided U.S. Supreme Court has sided with religious parents who want to pull their children out of the classroom when a public school lesson uses LGBTQ-themed storybooks.The 6-3 decision Friday in a case brought by parents in Maryland comes as certain books are increasingly being banned from public schools and libraries.In Justice Samuel Alito’s majority opinion — joined by the rest of the court’s conservatives — he wrote that the lack of an “opt-out” for parents places an unconstitutional burden on their rights to religious freedom.Justice Sonia Sotomayor wrote in dissent for the three liberal justices that public schools…

In the days before the surprise U.S. attack on Iran, Politico reported that one man in the Defense Department was having an outsized say on Washington’s Iran strategy: Erik Kurilla, the hawkish U.S. Central Command leader known as “The Gorilla.” “He’s a big dude, he’s jacked, he’s exactly this ‘lethality’ look they’re going for,” said an anonymous former official. So long as military advisors “come across as tough and warfighters,” the source added, Defense Secretary Pete Hegseth “is easily persuaded to their point of view.” Kurilla’s influence illustrates a broader truth about Washington’s current priorities: In President Donald Trump’s second…

Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single digits was his recommendation.In his “The Truth about Crypto” book in 2021, Edelman said as low as a 1% allocation was reasonable.A lot has changed.This week, Edelman said financial advisors should be recommending anywhere from 10% to 40% allocations to cryptocurrencies, and he is aware it’s quite a shift in his own thinking.”Today I am saying 40%, that’s astonishing,” he told CNBC’s Crypto World in an interview. “No one has ever said such a thing.”But the “why”…