During a recent interview, President Trump seemed to forget his promise of $2,000 checks for Americans funded by tariff revenue. He later admitted to making such a promise on social media in November 2025. Despite claiming “Trillions of Dollars” in revenue, actual tariff revenue for 2025 was significantly lower. Though the checks have yet to materialize, the administration did make a symbolic payment to military personnel, misrepresenting its source. When pressed about further checks, Trump suggested they might be issued towards the end of the year.
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Former Australian Prime Minister Kevin Rudd will step down early from his role as US ambassador after a video surfaced showing him disparaging President Trump. The friction between the two leaders was evident during a White House meeting where Trump expressed his dislike for Rudd. During this meeting, a journalist highlighted Rudd’s past critical comments about Trump, including calling him a “traitor to the West.” This incident led to the current situation of his resignation.
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The Trump administration initiated a criminal investigation into Federal Reserve Chair Jerome Powell, alleging he lied to Congress about headquarters renovations, a move perceived as an attempt to force interest rate cuts. This investigation is considered a tactical blunder, as it demonstrates Trump’s true motive of undermining the Fed’s independence for political gain. The probe also reveals why the judiciary must protect Powell, as Trump’s actions showcase his disregard for the rule of law. Ultimately, the Supreme Court, already wary of the administration’s actions, should use this as reason to impose strict limits on the president’s ability to fire the Fed’s members.
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President Trump revealed in a recent interview that his desire for full “ownership” of Greenland is “psychologically important” to him, emphasizing the significance of control beyond mere agreements. Trump expressed that ownership provides benefits and elements not attainable through treaties or leases, even suggesting potential use of nuclear force despite potential NATO repercussions. These remarks have been met with resistance, including a statement from Danish Prime Minister Mette Frederiksen, who underscored the importance of sovereignty and self-determination. The ongoing discussions about Greenland’s future highlight differing perspectives on international law and the role of the U.S. in global affairs.
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During a meeting with oil executives, President Donald Trump declared a 25% tariff on any country conducting business with Iran, effective immediately. This move aims to economically isolate Iran amidst widespread anti-government protests and follows Trump’s previous threats of military action against the country. The president has also explicitly supported the demonstrations. The legal basis for these new tariffs remains unclear, as they come ahead of a Supreme Court ruling on the legality of Trump’s previous tariffs.
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In a recent ruling, a federal judge determined the Trump administration’s cancellation of approximately $8 billion in energy grants violated the Constitution by disproportionately affecting recipients in Democratic-leaning states. U.S. District Judge Amit P. Mehta found the Department of Energy’s grant terminations unlawful under the Fifth Amendment’s equal protection guarantee, specifically highlighting the targeting of blue-state-based projects. The ruling mandates the restoration of seven specific grants, emphasizing that the selection process was primarily based on the grant recipient’s state’s political identity. This decision establishes constitutional limits on executive branch actions that discriminate based on state political affiliation.
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Reza Pahlavi, Iran’s exiled crown prince, urged President Trump to take swift action against the Iranian regime in response to ongoing protests and a violent crackdown. Pahlavi, who has communicated with the Trump administration, believes the regime’s recent outreach is a ploy to quell the unrest. He emphasized that the situation requires immediate intervention to prevent further casualties and facilitate the regime’s collapse. Pahlavi views himself as a voice for the Iranian people, advocating for their demand of regime change, and expressed his willingness to sacrifice for their cause.
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Following a discussion with U.S. President Donald Trump, Mexican President Claudia Sheinbaum has firmly rejected any U.S. military intervention to combat drug cartels, emphasizing Mexico’s sovereignty. Sheinbaum stated that the conversation focused on security, drug trafficking, trade, and investment, maintaining a collaborative approach without subordination. Despite Trump’s earlier suggestions of military action, Sheinbaum confirmed that she declined any such offers. Furthermore, Sheinbaum noted a reported 50% decrease in fentanyl trafficking from Mexico to the U.S. over the past year.
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Gold and silver prices surged to record highs on Monday, driven by escalating geopolitical and economic uncertainties and expectations of U.S. interest rate cuts. Gold reached above $4,600 per ounce, while silver hit a fresh peak as investors sought safe-haven assets amidst the Trump administration’s scrutiny of Federal Reserve Chair Jerome Powell. This rally was also fueled by the anticipation of further rate cuts later in the year, as well as rising geopolitical tensions, including Trump’s response to events in Iran and other international developments. These factors led to strong gains in platinum and palladium as well.
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European Union officials are publicly supporting Denmark’s Prime Minister Mette Frederiksen’s stance on the potential ramifications of a U.S. attack on another NATO country, a position shared privately by EU diplomats. Frederiksen stated that a military attack on a NATO ally by the U.S. would effectively end the alliance. This statement contrasts with NATO Secretary General Mark Rutte’s assertion that the alliance is not in crisis. Amidst this, former U.S. President Donald Trump, when questioned about prioritizing Greenland over NATO, did not directly answer but suggested a potential choice between the two.
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John Q. Hosedrinker