Monday, June 30, 2025

FINANCE

More Than 300 Charged in $14.6 Billion Healthcare Fraud Schemes Takedown

(Headline USA) State and federal prosecutors have charged more than 320 people and uncovered nearly $15 million in false claims in what they described Monday as the largest coordinated takedown of health care fraud schemes in Justice Department history. Law enforcement seized more than $245 million in cash, luxury vehicles, cryptocurrency,...

Connecticut Ends All Taxes on Purchases of Gold and Silver

(Sound Money Defense League, Money Metals News Service) Today, Connecticut Gov. Ned Lamont (D) signed House Bill 7287 into law, which includes a provision removing the last remaining tax on purchases of gold, silver, platinum, and palladium bullion. The Connecticut General Assembly originally considered a standalone sound money bill, carried...

Turks Holding Large Amounts of Gold Under Their Pillows

(Mike Maharrey, Money Metals News Service) Turks are holding billions of dollars in gold “under their pillows.” The Turkish central bank estimates that Turkish households have more $311 billion worth of unregistered gold, most of it outside of the official financial system. The central bank calculated this amount by adding the...

Money Supply Expansion: This Is Inflation

(Mike Maharrey, Money Metals News Service) Despite the prevailing notion that the Federal Reserve has implemented “tight” monetary policy, the money supply has expanded by more than $600 billion since its low point in mid-2023. Based on the “true,” or Rothbard-Salerno, money supply measure (TMS), the money supply expanded by 2.2 percent...

Republican Senate Tax Bill Would Add $3.3 Trillion to the US Debt Load, CBO Says

(Headline USA) The changes made to President Donald Trump's big tax bill in the Senate would pile trillions onto the nation's debt load while resulting in even steeper losses in health care coverage, the nonpartisan Congressional Budget Office said in a new analysis, adding to the challenges for Republicans as they try to...

U.S. Senate Begins Final Debate on One Big Beautiful Bill Act

(Dan McCaleb, The Center Square) Final debate began in the U.S. Senate Sunday afternoon on President Donald Trump's One Big Beautiful Bill Act, with a vote coming as soon as Monday. The package of continuing resolutions cleared a Senate hurdle late Saturday. The procedural vote was 51-49, with two Senate...

Trump Says U.S. ‘Not Going To Stand’ for Netanyahu’s Continued Corruption Trial

(Dave DeCamp, Antiwar.com) On Saturday, President Trump doubled down on his call for an end to the trial against Israeli Prime Minister Benjamin Netanyahu, saying the US was “not going to stand” for the Israeli leader’s prosecution. “It is terrible what they are doing in Israel to Bibi Netanyahu. He is...

Elon Musk Renews His Criticism as Senate Mulls ‘Big Beautiful Bill’

(Headline USA) Billionaire Elon Musk on Saturday doubled down on his distaste for President Donald Trump's sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries. “The latest Senate draft bill will destroy millions of jobs...

Warren Buffett Announces $6 Billion in Donations to 5 Foundations

(Headline USA) Famed investor Warren Buffett is donating $6 billion worth of his company's stock to five foundations, bringing the total he has given to them since 2006 to roughly $60 billion, based on their value when received. Buffett said late Friday that the shares of Berkshire Hathaway will be...

Trump Declares War on GOP Dissenter Thomas Massie Ahead of 2026 Primary

(José Niño, Headline USA) Axios reported that Kentucky Rep. Thomas Massie is in President Donald Trump’s crosshairs as the sitting president’s political machine launches an aggressive campaign to unseat him in 2026 The move sends a clear warning to other GOP lawmakers: cross Trump, and you could be next. https://twitter.com/RepThomasMassie/status/1936574721312923803 Massie’s criticism...

Gavin Newsom Launches $787 Million Legal Attack on Fox News

(Luis Cornelio, Headline USA) California Gov. Gavin Newsom sued Fox News on Friday over what he claimed were defamatory remarks about his phone call with President Donald Trump before the deployment of the National Guard in the Golden State.  Newsom claimed Fox News host Jesse Watters mistakenly accused him of lying about Trump...

Gold Over $3,000: Why the Bull Run Is Just Beginning

(Money Metals News Service) In a recent episode of the Money Metals Podcast, analyst Mike Maharrey sat down with Brien Lundin, editor of Gold Newsletter and CEO of the New Orleans Investment Conference, to unpack the forces driving precious metals higher—and why the rally may be far from over. With gold solidly above $3,000...
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