Wednesday, December 3, 2025

FINANCE

Defense Secretary Hegseth Orders Sweeping Pentagon Cuts

(Dave DeCamp, Antiwar.com) Secretary of Defense Pete Hegseth has ordered Pentagon leaders to develop plans to make sweeping cuts to the Defense Department’s budget, The Washington Post reported on Wednesday. According to a memo obtained by the Post, Hegseth’s order calls for an 8% cut to the Pentagon budget each year...

Trump Wants to Give Every American a $5,000 ‘DOGE Dividend’

(Headline USA) President Donald Trump said Wednesday that he likes the idea of giving some of the savings from Elon Musk's Department of Government Efficiency back to U.S. citizens as a kind of dividend. He said at an investment conference in Miami that the administration is considering a concept in which...

A Golden Age of Diplomacy: U.S. and Russia Agree to Resume Trade and End War

(Kyle Anzalone, Antiwar.com) Following a high-level meeting between US and Russian officials, the State Department said Washington and Moscow will begin taking steps to normalize the diplomatic relationship between the two superpowers. US-Russian diplomacy sank during the first Donald Trump administration, and Joe Biden cut nearly all contact with Russia after...

Obama Judge Upholds Mass Gov’t Layoffs in Major Win for Trump and DOGE

(Headline USA)  A federal judge refused Tuesday to immediately block billionaire Elon Musk and the Department of Government Efficiency from accessing government data systems or participating in worker layoffs. U.S. District Judge Tanya Chutkan found that there are legitimate questions about Musk's authority, but said there isn't evidence of the...

DOGE Says it Has Saved Taxpayers $55 Billion So Far

(The Center Square) – The month-old Department of Government Efficiency led by billionaire Elon Musk has saved American taxpayers $55 billion, according to the latest update from the group. Its ‘Wall of Receipts’ on its new website catalogues where the department has made cuts and how much those cuts are...

White House Says Elon Musk Isn’t a Member of DOGE

(Headline USA) The White House says billionaire Elon Musk is not the administrator of the Department of Government Efficiency team that is sweeping through federal agencies, but is rather a senior adviser to President Donald Trump. Musk's exact role could be key in the legal fight over DOGE's access to government...

Auditing America’s Gold Is Not Just Important, It’s Critical

(Jp Cortez, Money Metals News Service) An X exchange over the weekend is bringing new light to an issue long shrouded in mystery — the status of America’s purported stockpile of 8,133 tons of gold stored in Fort Knox and other government vaults across the country. News aggregator ZeroHedge tweeted at President...

Trump Fixed the Penny Problem But Now We Have a Nickel Problem

(Mike Maharrey, Money Metals News Service) My grandfather used to say, “Don’t take any wooden nickels.” The idiom basically meant, “Be careful! Don’t get cheated.” Back in the day, small banks and merchants sometimes handed out novelty wooden nickels as promotional items. Of course, they had no value. You didn’t...

What You Need to Know About a Possible U.S. Gold Revaluation

(Jesse Colombo, Money Metals News Service) Since 1973, America’s gold has been officially valued at just $42 per troy ounce—but that may soon change. When Donald Trump won the U.S. presidential election on November 5th, gold and silver immediately plummeted—down 9% and 15%, respectively—as many investors soured on precious metals....

DOGE’s Next Target: the IRS

(Headline USA) Elon Musk's Department of Government Efficiency is seeking access to taxpayer data at the IRS, two people familiar with the inner workings of the plan who were not authorized to discuss the matter publicly told The Associated Press on Monday. If successful, Musk and his group would have access...

House Report: 60 Chinese Espionage Cases, 224 Incidents in 3 Years

(The Center Square) – More than 60 Chinese Communist Party-related cases of espionage and acts of transnational repression have been reported in 20 states according to a new report published by the U.S. House Committee on Homeland Security. That’s in addition to 224 reported incidents of Chinese espionage directed at the U.S....

Money, Morality, and DOGE

(Clint Siegner, Money Metals News Service) Ayn Rand thought a lot about the philosophy of money. She understood gold as money functioned beyond providing safe haven, a store of value, and a medium of exchange. It has moral and cultural implications. People refer to it as “honest money” for...
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