Friday, July 17, 2026

FINANCE

Lawmakers Clash Over Prediction Market Restrictions

(José Niño, Headline USA) Republican members of the House Administration Committee advanced legislation Wednesday that would stop members of Congress and their family members from wagering on politically oriented prediction markets, Politico reported. The GOP majority backed the proposal along strict party lines. The legislation would block representatives, their spouses,...

New Mexico Governor Calls for Criminal Probe of DEA Allowing Fentanyl to Hit Streets

(Headline USA) New Mexico’s governor on Wednesday called for a criminal investigation into the Drug Enforcement Administration after an Associated Press investigation found federal agents allowed hundreds of thousands of fentanyl pills to reach the streets over a two-year period while pursuing larger drug-trafficking cases. Gov. Michelle Lujan Grisham asked...

Reflecting Pool Liner was Cut with a Sharp Knife or Razor, National Park Service Says

(Headline USA) A liner along the bottom of the Lincoln Memorial Reflecting Pool was cut with a sharp knife or razor this month, causing damage to the foam sealant installed as part of a $16 million rehabilitation project, a top official at the National Park Service says. The U.S. Park...

Trump Asks Congress for Additional $87.6 Billion, Mainly for Iran War

(Dave DeCamp, Antiwar.com) The White House sent a letter to Congress on Wednesday requesting an additional $87.6 billion in supplemental funding, with the vast majority going toward “costs incurred” by the US-Israeli war against Iran. The White House Office of Budget Management told House Speaker Mike Johnson (R-LA) that the...

Walz Files for Information on Trump ‘Retribution Campaign’

(Elyse Apel, The Center Square)  Gov. Tim Walz has filed 16 Freedom of Information Act requests with federal agencies seeking records he says could reveal what he has labeled as the Trump administration’s “campaign of retribution” against Minnesota. The requests seek records, communications and other documents referencing terms including “Minnesota,”...

Ex-Fire Chief Sues Los Angeles Mayor for Defamation

(Chris Woodward, The Center Square) The former Los Angeles fire chief is suing Mayor Karen Bass for defamation related to the devastating Palisades Fire. Kristin Crowley was removed from her position on Feb. 21, 2025, weeks after the blaze began. The fire, which hit the Pacific Palisades neighborhood of Los...

Survey: Central Bankers Plan to Keep Stacking Gold

(Mike Maharrey, Money Metals News Service) Central bank gold reserves have increased by an average of 1,000 tonnes per year over the last four years. That’s double the 500-tonne average during the previous decade, and the trend doesn’t appear to be slowing down. According to the World Gold Council’s 2026...

U.S. Senators File National Security Amendment Targeting Dangerous Gold Market Concentration

(Sound Money Defense League, Money Metals News Service) A bipartisan group of U.S. Senators sponsoring the System Integrity through Licensed Vault Expansion and Resilience (SILVER) Act filed the legislation as an amendment to the National Defense Authorization Act for Fiscal Year 2027 (NDAA), further elevating the issue of geographic...

Deep Corrections Are Normal During Secular Bull Markets

(Mike Maharrey, Money Metals News Service) Gold broke below $4,000 an ounce on Wednesday. This 28 percent drop from the record highs of January is certainly painful, but deep corrections are not unusual in a bull market. In a recent note, Solomon Global managing director Paul Williams said investors need...

Over $10 billion U.S. Taxpayer Dollars Spent on Improper SNAP Payments in 2025

(Thérèse Boudreaux, The Center Square) U.S. states and territories made a collective $10 billion in improper payments to SNAP recipients nationwide in fiscal year 2025, the U.S. Department of Agriculture reports. The average error payment rate, which includes both over- and underpayments, was roughly 10.6%, well above the congressionally set...

Ex-Mayor Adams Aide Charged in Bribery Probe

(Headline USA) A chief of staff to former New York City Mayor Eric Adams has been charged with accepting more than $100,000 in bribes to steer a lucrative migrant shelter contract to a Queens hotel, according to a federal indictment unsealed Wednesday. Frank Carone’s arrest Wednesday was the latest in...

Top Army General is Suddenly Leaving his Post

(Headline USA) The Army's commander of its forces in Europe and Africa — who was famously the last American soldier to leave Afghanistan in 2021 — is unexpectedly stepping down from his post after just 18 months in the job, the Army confirmed late Tuesday. Gen. Christopher Donahue, commanding general...
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