Monday, December 1, 2025

FINANCE

Judges Order Trump to Use Emergency Fund to Disburse SNAP Benefits

(Andrew Rice, The Center Square) Two federal judges on Friday ordered the Trump administration to continue funding the Supplemental Nutrition Assistance Program, also known as food stamps.  The judges in Massachusetts and Rhode Island ordered the U.S. Department of Agriculture to use emergency funds to provide SNAP disbursements.  In an announcement...

Report: Mamdani’s Tax Plans Could Exacerbate NYC Exodus

(Chris Wade, The Center Square) New York City mayoral frontrunner Zohran Mamdani's plans to tax the city's wealthiest to fund his policy initiatives could drive top earners out of state, according to a new report by a watchdog. The Empire Center's report looked at Mandani's plans to set a new...

Trump Says Senate Should Scrap the Filibuster to End the Shutdown, An Idea Opposed by Republicans

(Headline USA) Back from a week abroad, President Donald Trump is calling on the Senate to scrap the filibuster and reopen the government after a monthlong shutdown, breaking with majority Republicans who have long opposed such a move. Trump said in a post on his social media site Thursday that...

FDA Says Drugmakers Have Recalled a Blood Pressure Medicine Tainted With a Cancer-Causing Chemical

(Headline USA) The U.S. Food and Drug Administration says drugmakers have recalled more than a half-million bottles of the blood pressure medication prazosin hydrochloride over concerns it may include a cancer-causing chemical. New Jersey-based Teva Pharmaceuticals USA and drugs distributor Amerisource Health Services issued voluntary nationwide recalls earlier this month...

WATCH: GOP May Have to Rewrite Govt Funding Bill as Shutdown Hits 1 Month Mark

(Thérèse Boudreaux, The Center Square) The ongoing government shutdown has dragged on for a month as Senate Democrats have blocked Republicans’ temporary funding bill more than a dozen times. With senators heading home for the weekend and no end to the shutdown in sight, Republicans may have to rewrite the...

Gold and Ghosts: A Halloween Horror Story

(Mike Maharrey, Money Metals News Service) Since today is Halloween, I have a spooky tale for you. People say you can hear a woman faintly screaming in the old Reed Gold Mine in Midland, N.C. Of course, there’s a back story. And it's as creepy as you might imagine. America's First Gold...

Gold Demand Surged to Record Level in Third Quarter

(Mike Maharrey, Money Metals News Service) Gold demand grew by 3 percent year-on-year in Q3, hitting 1,313 tonnes, the highest quarterly level in history. Third quarter demand was even more impressive in dollar terms, increasing by 44 percent to a record of $146 billion. Year-to-date, gold demand is up by 1...

Maduro Accuses CIA of False-Flag Plot as Warships Surround Venezuela

(José Niño, Headline USA) On Sunday, President Nicolás Maduro announced that Venezuela has captured alleged mercenaries with CIA ties, accusing the United States and Trinidad and Tobago of coordinating military exercises designed to provoke armed conflict in the Caribbean. In a statement from Vice President Delcy Rodríguez, the socialist government...

88-Year-Old Congresswoman is Exposed for Having 7 No-Show Jobs

(José Niño, Headline USA) Eleanor Holmes Norton, Washington D.C.'s 88-year-old congressional delegate, claims to sit on multiple boards at prestigious institutions, but investigations reveal she hasn't been active with them in years. Some of these positions no longer even exist according to a report by Luke Goldstein and Dan...

South Korea May Join Central Bank Gold-Buying Spree

(Mike Maharrey, Money Metals News Service) South Korea is considering jumping on the gold bandwagon and adding gold to its reserves. During a speech at an event hosted by the London Bullion Market Association and London Platinum and Palladium Market in Kyoto, Japan, Bank of Korea official Heung-Soon Jung said,...

Fed Cuts Rates, Ends Balance Sheet Reduction But Puts on a Hawkish Front

(Mike Maharrey, Money Metals News Service) The Powell put is on. The Federal Reserve chairman tried to sound like a hawk, but the central bank’s actions were those of a dove. For the second straight meeting, the Fed cut the federal funds rate by a quarter percent on Wednesday. In an...

Easy Money, Hard Metals, and the Fed’s Next Move

(Money Metals News Service) On a recent episode of Money Metals’ Midweek Memo podcast, host Mike Maharrey opens with a pointed analogy: calling a 3% CPI “good” because it beat a grim forecast is like celebrating “no cancer” while ignoring high cholesterol, hypertension, and pre-diabetes. The patient isn’t healthy;...
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