Wednesday, July 2, 2025

FINANCE

Senate Advances Trump’s ‘Big Beautiful Bill’ That Includes $150 Billion in Extra Military Spending

(Dave DeCamp, Antiwar.com) The Senate on Tuesday advanced a massive spending package, dubbed the “Big Beautiful Bill” by President Trump, that includes $150 billion in extra military spending. The bill passed in a vote of 51-50, with Vice President JD Vance casting the tie-breaking vote, as three Republicans — Senators Rand...

‘Swamp Creation’ Or ‘Massive Win’? Here’s How the Senate Changed ‘Big, Beautiful Bill’

(Thérèse Boudreaux, The Center Square)  After a 27-hour voting session, Senate Republicans narrowly approved their amended version of the House-passed “big, beautiful bill” Tuesday, sending it back to the lower chamber for final approval. But the Senate’s swath of controversial changes has alienated multiple House Republicans and upset delicate political compromises House...

Over 500 Jewish Organizations Receive $94 Million from DHS

(José Niño, Headline USA) Jewish synagogues, schools, and community centers nationwide will receive an influx of cash as the Department of Homeland Security announces $94 million in grants following a surge in antisemitic attacks. Last Friday, DHS announced that it is awarding $94,416,838 in federal grants to 512 Jewish faith-based...

Paramount to Pay $16 Million for Doctoring Kamala Harris Interview

(Headline USA) Paramount has agreed to pay $16 million to settle a lawsuit by President Donald Trump for doctoring CBS' “60 Minutes” interview with then-Vice President Kamala Harris in October. Paramount, which owns CBS, said the money will go to Trump’s future presidential library, not to the Republican president himself. It...

Florida Ends All Sales Taxes on Gold, Silver, Platinum

(Sound Money Defense League, Money Metals News Service) By signing sound money legislation earlier this week, Florida Governor Ron DeSantis has ended Florida’s discriminatory practice of assessing sales taxes on small purchases of gold, silver, or platinum bullion and coins. Florida’s House Bill 7031, a bill by the House Ways and Means...

‘Big, Beautiful Bill’ Narrowly Passes Senate, Faces Tough Crowd in House

(Thérèse Boudreaux, The Center Square)  After more than 26 hours of debate and a record number of vote-a-rama amendments, the U.S. Senate narrowly passed President Donald Trump’s ‘big, beautiful bill’ Tuesday. The massive budget reconciliation bill hikes the debt ceiling by $5 trillion and implements President Donald Trump’s tax, energy,...

The U.S. Dollar Is “Unattractive”

(Mike Maharrey, Money Metals News Service) The dollar is “unattractive.” At least that's how UBS sees it. In a recent note, the Swiss investment bank said it is time to “reduce and hedge exposure to USD before further dollar declines.” The dollar has weakened significantly over the last six months, with the...

Trump to Musk: Go Back to Africa

(Headline USA) The war of words between billionaire Elon Musk and President Donald Trump over the big bill of tax breaks and spending cuts is heating up again, with Musk claiming he may form a new political party and Trump blasting the Tesla CEO over electric vehicle subsidies. Trump has gone...

Gold Priced in Major Currencies Reveals Clear Consolidation

(Jesse Colombo, Money Metals News Service) Like last summer, gold is moving sideways as it works off its overbought condition following strong spring gains. There are many parallels between then and now—an encouraging sign. In this article, I want to share an update on where gold stands when priced in multiple...

Price Inflation Accounts for Virtually the Entire Increase in Retail Sales Since the Pandemic

(Mike Maharrey, Money Metals News Service) Do you feel like you spend more and more money every month but get less and less for it? That’s because you are. As talking heads on mainstream financial networks point to ever-increasing retail sales (May data notwithstanding) and gush about the “health of...

U.S. Approves $510 Million Arms Deal for Israel

(Dave DeCamp, Antiwar.com) The Trump administration has approved a new arms deal for Israel that will provide the country with $510 million worth of Joint Direct Attack Munitions (JDAMS), kits that turn bombs into precision-guided weapons, as the US continues to provide military aid to support the genocidal war in...

Musk’s Ex-Friend Warns Billionaire is Sharpening Knife to Attack Trump

(Luis Cornelio, Headline USA) One of billionaire Elon Musk’s former friends issued a prediction about the tech mogul’s next move following his very public feud with President Donald Trump.  In a Sunday interview with Politico, neuroscientist Philip Low—who had a falling out with Musk—claimed the former DOGE head will try to...
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