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(Money Metals News Service) U.S. Senators Jim Risch (R-ID) and Catherine Cortez Masto (D-NV) today introduced the bipartisan “System Integrity through Licensed Vault Expansion and Resilience Act” (SILVER Act), designed to derisk, modernize, and strengthen America’s precious metals market infrastructure by encouraging greater geographic diversification of approved precious metals...

(Mike Maharrey, Money Metals News Service) There is a lot of talk about whether the Federal Reserve should raise interest rates, but in fact, the market is hiking rates with or without central bank cooperation. Treasury yields have crept relentlessly higher over the last several months, signaling significant stress in...

(Mike Maharrey, Money Metals News Service) A new Hong Kong-based gold-clearing system will launch in July as part of the Chinese Special Administrative Region’s (HKSAR) push to become a global gold trading hub. Western markets – London, New York, and Switzerland – have dominated the gold trade for nearly two...

(Headline USA) Kamala Harris “wrote off rural America" during the 2024 presidential campaign and failed to attack Donald Trump with sufficient “negative firepower," according to a long-awaited post-election autopsy released on Thursday by the Democratic National Committee. The committee's chair, Ken Martin, shared the 192-page report only after facing intense...

(Money Metals News Service) Mike Maharrey opened this Midweek Memo with a different format: an unscripted “Ask Mike Anything” episode recorded ahead of travel. Instead of a prepared monologue, he answered listener questions on sound money, precious metals, inflation, AI, Federal Reserve policy, and even his longevity as a...

(Michael Carroll, The Center Square) Six former Spirit Airlines employees, including five Florida residents, have filed a class-action lawsuit alleging that the Florida company’s worker layoffs violate a federal law mandating a 60-day notice prior to such terminations. The laid-off employees filed the litigation May 12 in the federal bankruptcy...

(Thérèse Boudreaux, The Center Square) In a remarkable rebuke of the Trump administration's mission against Iran, the U.S. Senate narrowly advanced a War Powers Resolution when a handful of Republicans joined Democrats in a 50-47 vote. Sens. Rand Paul, R-Ky.; Susan Collins, R-Maine; Lisa Murkowski, R-Alaska; and Bill Cassidy, R-La.,...

(Alan Wooten, The Center Square) Five-year plans for American roads, bridges, transit, rail transportation, and highway and motor carrier safety programs reaches an 18-month crescendo Thursday with a committee markup of the $580 billion BUILD America 250 Act. Introduced by Reps. Sam Graves, R-Mo., and Rick Larsen, D-Wash., and three...

(Morgan Sweeney, The Center Square) TrumpRx is expanding to about seven times its current size, adding more than 600 generic prescription drugs to the months-old direct-to-consumer government website, the president said Monday. The website was created as part of President Donald Trump’s campaign to lower drug prices for Americans, a...

(Shirleen Guerra, The Center Square) Virginia revenues are running hundreds of millions of dollars ahead of forecast, but lawmakers warned Tuesday that slowing job growth, inflation and uncertainty tied to healthcare and federal funding are still creating pressure on Virginia’s budget talks. During a Senate Finance and Appropriations Committee meeting,...

(Luis Cornelio, Headline USA) Trouble for Rep. Ilhan Omar, D-Minn., is far from over, as Vice President JD Vance appeared to confirm Tuesday that the Justice Department is investigating allegations of immigration fraud involving the congresswoman. Omar was separately referred to the House Ethics Committee over her amended financial disclosures, which...

(Mike Maharrey, Money Metals News Service) Platinum group metal prices rose substantially last year, driven by persistent supply deficits and favorable market dynamics, and Metals Focus expects the bull market to continue this year, with significant price upside remaining. Platinum joined gold and silver for the wild ride up in...