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How Trump has used the presidency to benefit himself and his allies

How Trump has used the presidency to benefit himself and his allies

President Donald Trump has found multiple ways to harness the presidency to benefit himself

Syria's Sharaa holds phone call with Trump, Syrian presidency says

Syria's Sharaa holds phone call with Trump, Syrian presidency says

May 31 (Reuters) - Syrian President Ahmed al-Sharaa held a phone call with U.S. President Donald Trump in which they discussed supporting the Syrian economy and the latest regional developments, the Syrian presidency said on Sunday.

Senate Democrats Challenge President Trump's $1.8 Billion 'MAGA Slush Fund'

Senate Democrats Challenge President Trump's $1.8 Billion 'MAGA Slush Fund'

Senate Democrats are preparing to challenge a $1.8 billion fund established by President Trump, which they describe as a 'MAGA slush fund.' This fund was created as part of a resolution to a lawsuit against the Internal Revenue Service (IRS) and is intended to compensate individuals allegedly targeted by politicized prosecutions. However, the fund has faced criticism for its lack of transparency and potential payouts to participants in the January 6 Capitol riot. Senate Minority Leader Chuck Schumer has labeled the fund as 'corruption in broad daylight' and has vowed to force a vote to block its payments. The fund's legality is currently under scrutiny, with a U.S. district judge temporarily blocking the administration from transferring money from it.

Trump administration says it will comply with court order to pause $1.8 billion compensation fund

Trump administration says it will comply with court order to pause $1.8 billion compensation fund

The Trump administration says it will comply with a court ruling temporarily blocking a nearly $1.8 billion fund meant to compensate allies of President Donald Trump

Fed's Powell Warns Against Politicizing the Federal Reserve to Maintain Public Trust

Fed's Powell Warns Against Politicizing the Federal Reserve to Maintain Public Trust

Jerome Powell, former Chair of the U.S. Federal Reserve, has cautioned against the politicization of the Federal Reserve, emphasizing the importance of maintaining its independence to preserve public trust. In his first public remarks since stepping down, Powell highlighted the risks of political interference in the Fed's operations, which could undermine its ability to make unbiased monetary policy decisions. He made these comments while accepting the John F. Kennedy Profile in Courage Award, recognizing his efforts to safeguard the Fed as an apolitical institution. Powell's tenure faced challenges, including attempts by President Trump to influence Fed decisions and personnel.

President Trump Seeks to Stabilize Bond Market Amid Rising Treasury Yields

President Trump Seeks to Stabilize Bond Market Amid Rising Treasury Yields

President Trump Seeks to Stabilize Bond Market Amid Rising Treasury Yields

Ex-Federal Reserve Chair Jerome Powell Sounds Alarm Over Political Interference

Ex-Federal Reserve Chair Jerome Powell Sounds Alarm Over Political Interference

Jerome Powell, the former chair of the Federal Reserve, has expressed concerns about political interference in the central bank's operations, warning that it could permanently damage public trust. Speaking at the John F. Kennedy Profile in Courage Award ceremony, Powell emphasized the importance of legal protections that insulate monetary policy from political influence. He noted that the Fed is currently undergoing a 'stress test' due to actions by President Trump, including attempts to remove Fed Governor Lisa Cook. Powell's remarks come as the Supreme Court is set to decide on the legality of Cook's attempted firing, a case that could have significant implications for the Fed's independence. Powell, who stepped down as chair last month but remains on the board, highlighted the risks of allowing political considerations to dictate monetary policy decisions.

Trump Administration Advances Civil Nuclear Deal with Saudi Arabia Amid Proliferation Concerns

Trump Administration Advances Civil Nuclear Deal with Saudi Arabia Amid Proliferation Concerns

The Trump Administration is advancing a civil nuclear deal with Saudi Arabia, which is currently undergoing final review before submission to Congress. This deal has raised concerns due to its departure from long-held U.S. proliferation safeguards. Unlike previous agreements, the deal does not require Saudi Arabia to adhere to the 'gold standard' of no domestic uranium enrichment and no reprocessing of nuclear waste, nor does it mandate signing the Additional Protocol for snap U.N. inspections. The State Department has indicated that a bilateral safeguards agreement will be established, which may be less stringent than existing standards. Critics argue that this could increase the risk of nuclear proliferation in the region, as Saudi Arabia's Crown Prince Mohammed bin Salman has previously expressed interest in nuclear weapons.

Trump administration will temporarily pause $1.8 billion fund, complying with court order

Trump administration will temporarily pause $1.8 billion fund, complying with court order

The Justice Department says it will temporarily pause a $1.8 billion fund meant to compensate allies of President Donald Trump

US says it disabled another commercial ship trying to breach blockade and reach Iran

US says it disabled another commercial ship trying to breach blockade and reach Iran

The U.S. military has stopped another commercial vessel trying to break through the U.S. blockade of Iranian ports

U.S. Intensifies Sanctions on Iranian Oil and Tankers Amidst Ceasefire Negotiations

U.S. Intensifies Sanctions on Iranian Oil and Tankers Amidst Ceasefire Negotiations

The United States Treasury and Department of State have escalated their 'maximum pressure' campaign against Iran by imposing additional sanctions on Iranian oil and tankers. This move is part of a broader strategy to compel Iran to negotiate favorable terms in ongoing ceasefire discussions. President Trump is set to meet with his advisers to make a final determination on the agreement, although Iran has indicated that terms have not yet been finalized. The U.S. has also sanctioned three traders involved in the Iranian petrochemical industry, targeting entities in Qatar, Singapore, and India. The sanctions aim to reduce the revenue flowing to Iran's military apparatus, including the IRGC. The U.S. Navy continues to enforce a blockade, preventing commerce from entering or leaving Iranian ports, with an estimated 60 million barrels of Iranian crude oil currently trapped.

CNN Panelist Criticizes Design Flaw in Proposed Trump $250 Bill

CNN Panelist Criticizes Design Flaw in Proposed Trump $250 Bill

CNN panelist Gretchen Carlson has highlighted a design flaw in the proposed $250 bill featuring President Trump, noting that the depiction of Trump's hair on the bill is unflattering. The proposal, which aims to commemorate the 250th anniversary of U.S. independence, faces legal challenges due to a 1866 law prohibiting living individuals on currency. Carlson suggested that the idea may have originated from Trump’s appointees seeking favor, and noted that Trump might not have considered the legal hurdles involved. The proposal has sparked debate over its legality and the appropriateness of featuring a living president on currency.