Friday, June 20, 2025

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DNC Flat Broke, Considering Loans to Stay Afloat

(Luis Cornelio, Headline USA) The Democratic National Committee may soon find itself in the red and forced to take out loans just to keep operations running after its disastrous 2024 performance and internal fights over how to counter President Donald Trump’s second-term agenda.  The DNC’s financial woes were reported Wednesday by...

CBO: GOP Budget Would Boost Deficit by Trillions When Considering Growth

(Caroline Boda, The Center Square) Republican’s massive tax and spending bill would increase the U.S. deficit by $2.8 trillion over 10 years when the economic growth of the bill is taken into account, the Congressional Budget Office says. CBO previously projected that the budget reconciliation bill would increase the deficit...

Ex-Illinois House Speaker Gets 7.5 Years in Prison, $2.5 Million Fine for Corruption

(Jim Talamonti, The Center Square) A federal judge sentenced Michael Madigan Friday to seven-and-a-half years in prison and ordered him to pay a fine of $2.5 million for crimes committed during his tenure as the longest-serving speaker of the Illinois House of Representatives. Judge John Robert Blakey handed down the...

Woke Snow White Is Disney’s Biggest Flop in Years

(Luis Cornelio, Headline USA) Disney's controversial live-action remake of Snow White has become its worst-performing wide-release reboot in nearly a decade, marking yet another case of “go woke, go broke.”  The 2025 film reportedly cost $410 million to make and promote, but it barely grossed $200 million worldwide, resulting in an official...

Gold Overtakes Euro as Second-Largest Global Reserve Asset

(Mike Maharrey, Money Metals News Service) Due to a combination of central bank gold buying and the surging price of gold, gold has overtaken the euro as the world’s number two reserve asset. But it’s not so much that gold is replacing the euro. It is supplanting the dollar. Based on data released by the...

Silver Shines, Debt Soars: What Every Investor Needs to Know

(Money Metals News Service) In the latest Money Metals Midweek Memo, host Mike Maharrey tackles two central themes roiling markets and politics: silver’s long-awaited breakout and the persistent failure of Congress to rein in spending, despite the so-called “Big Beautiful Bill.” Maharrey offers listeners both market insight and fiscal reality checks...

White House Hosts Roundtable Promoting ‘Trump Accounts’ for Babies

(Morgan Sweeney, The Center Square)  President Donald Trump hosted another roundtable Monday promoting his ‘one big, beautiful’ budget bill currently before the Senate.  Speaker of the House of Representatives Mike Johnson, other key members of the House, several people from the administration and a handful of business leaders joined the...

Alan Dershowitz Calls for Trump Administration to Pardon Ghislaine Maxwell

(José Niño, Headline USA) In the latest twist of the Jeffrey Epstein saga, lawyer Alan Dershowitz is urging the Trump administration to consider a pardon or commutation for his accomplice, Ghislaine Maxwell, arguing she has become a scapegoat in the wake of Epstein’s death.  Maxwell is currently serving a 20-year...

Biden-Era Grant Funds LA Immigration Protesters

(Kenneth Schrupp, The Center Square) Los Angeles faced a day of riots Friday and Saturday after a new wave of federal Immigrations and Customs Enforcement operations, resulting in violence and the deployment of riot police. Videos show rioters using hammers to break off concrete from nearby structures to create projectiles...

Members of Congress Introduce Comprehensive U.S. Gold Audit Legislation

(Sound Money Defense League, Money Metals News Service) As U.S. debt soars and foreign central banks stockpile gold, four members of Congress today introduced a bill to require the first comprehensive audit of America’s gold reserve in decades. Sponsored by Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC),...

Silver Is Breaking Out—Here’s What You Need to Know

(Jesse Colombo, Money Metals News Service) Silver futures have broken out, delivering a strong bullish signal—but I’m still looking for additional confirmation to strengthen the case. I’ve been consistently bullish on silver and have been pointing out the key signals to watch for a breakout from its prolonged consolidation of the...

Audit: Fraudsters Stole $79B COVID-19 Aid Using False Social Security Numbers

(Thérèse Boudreaux, The Center Square) A federal committee tasked with tracking pandemic assistance fraud found that the Small Business Administration and the Department of Labor together disbursed nearly $80 billion to potential fraudsters. In total, the federal government spent over $4.6 trillion on all COVID-19 relief programs. The SBA received...
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