Judge Who Aided Illegal Immigrant Resigns Under Threat of GOP Impeachment

(Headline USAEmbattled Wisconsin Judge Hannah Dugan, who was convicted of obstruction last month for helping an illegal immigrant evade federal officers, has sent her resignation letter to the governor.

The letter was sent Saturday. Republicans had been making plans to impeach her ever since her Dec. 19 conviction. A spokesperson for Gov. Tony Evers said his office received Dugan’s letter, and he would work to fill the vacancy without delay.

Dugan wrote that over the past decade she handled thousands of cases with “a commitment to treat all persons with dignity and respect, to act justly, deliberately and consistently, and to maintain a courtroom with the decorum and safety the public deserves.”

But she said the case against her is too big of a distraction.

“As you know, I am the subject of unprecedented federal legal proceedings, which are far from concluded but which present immense and complex challenges that threaten the independence of our judiciary. I am pursuing this fight for myself and for our independent judiciary,” Dugan said in her letter.

Last April, federal prosecutors accused Dugan of distracting federal officers trying to arrest a Mexican illegal immigrant outside her courtroom and leading the man out through a private door. A federal jury convicted her of felony obstruction.

The case against Dugan was highlighted by President Donald Trump as he pressed ahead with his sweeping illegal immigration crackdown.

Republican Wisconsin Assembly Speaker Robin Vos praised Dugan’s decision.

“I’m glad Dugan did the right thing by resigning and followed the clear direction from the Wisconsin Constitution,” Vos said.

Democrat Ann Jacobs, who is chair of the Wisconsin Elections Commission board, said she agreed with Dugan that Milwaukee should have a permanent judge in place while this fight plays out.

“Despite her situation, she is ever the champion of justice, wanting to remove the judiciary from a political battle over her fate. I’m sure this is terribly hard for her but she is true to her faith and her principles,” Jacobs said in a post on X.

On April 18, immigration officers went to the Milwaukee County courthouse after learning 31-year-old Eduardo Flores-Ruiz had reentered the country illegally and was scheduled to appear before Dugan for a hearing in a state battery case.

Dugan confronted agents outside her courtroom and directed them to the office of her boss, Milwaukee County Chief Judge Carl Ashley, because she told them their administrative warrant wasn’t sufficient grounds to arrest Flores-Ruiz.

After the agents left, she led Flores-Ruiz and his attorney out a private jury door. Agents spotted Flores-Ruiz in the corridor, followed him outside and arrested him after a foot chase. The U.S. Department of Homeland Security announced in November he had been deported.

Adapted from reporting by the Associated Press

 

US BOMBS CARACAS, CAPTURES VENEZUELAN PRESIDENT NICOLAS MADURO

(Headline USAThe United States hit Venezuela with a “large-scale strike” early Saturday and said its president had been captured and flown out of the country after months of intense pressure on Nicolás Maduro’s government — an extraordinary nighttime operation announced by President Donald Trump on social media hours after the attack.

The legal authority for the strike — and whether Trump consulted Congress beforehand — was not immediately clear. The stunning American military action, which plucked a nation’s sitting leader from office, echoed the U.S. invasion of Panama that led to the surrender and seizure of its leader, Manuel Antonio Noriega, in 1990 — exactly 36 years ago Saturday.

U.S. Attorney General Pam Bondi said Maduro and his wife, Cilia Flores, would face charges after an indictment in New York. Bondi vowed in a social media post that the couple would “soon face the full wrath of American justice on American soil in American courts.”

Maduro and other Venezuelan officials were indicted in 2020 on “narco-terrorism” conspiracy charges, but it was not previously known that his wife had been and it wasn’t clear if Bondi was referring to a new indictment. The details of the allegations against Flores were not immediately known.

Early Saturday, multiple explosions rang out and low-flying aircraft swept through the Venezuelan capital, as Maduro’s government accused the United States of attacking civilian and military installations, calling it an “imperialist attack” and urging citizens to take to the streets.

With Maduro’s whereabouts not known, the vice president, Delcy Rodríguez, would take power under Venezuelan law. There was no confirmation that had happened, though she did issue a statement after the strike.

“We do not know the whereabouts of President Nicolás Maduro and First Lady Cilia Flores,” Rodriguez said. “We demand proof of life.”

Maduro, Trump said, “has been, along with his wife, captured and flown out of the Country. This operation was done in conjunction with U.S. Law Enforcement.” He set a news conference for later Saturday morning.

The attack itself lasted less than 30 minutes and the explosions — at least seven blasts — sent people rushing into the streets, while others took to social media to report what they’d seen and heard. It was not known if there were any deaths or injuries on either side or if more actions lay ahead, though Trump said in his post that the strikes were carried out “successfully.”

Sen. Mike Lee, R-Utah, posted on X that Secretary of State Marco Rubio had briefed him on the strike and said that Maduro “has been arrested by U.S. personnel to stand trial on criminal charges in the United States.”

The White House did not immediately respond to queries on where Maduro and his wife were being flown to.

Maduro last appeared on state television Friday while meeting with a delegation of Chinese officials in Caracas.

The strike came after the Trump administration spent months increasing pressure on the Venezuelan leader, including a major buildup of American forces in the waters off South America and attacks on boats in the eastern Pacific and Caribbean accused of carrying drugs. Last week, the CIA was behind a drone strike at a docking area believed to have been used by Venezuelan drug cartels — the first known direct operation on Venezuelan soil since the U.S. began strikes in September.

As of Friday, the number of known boat strikes was 35 and the number of people killed at least 115, according to the Trump administration. Trump said that the U.S. is engaged in an “armed conflict” with drug cartels and has justified the boat strikes as a necessary to stem the flow of drugs into the U.S.

Maduro has decried the U.S. military operations as a thinly veiled effort to oust him from power.

Some streets in Caracas fill up

Venezuela’s government responded to the attack with a call to action: “People to the streets!”

Armed people and uniformed members of a civilian militia headed into the streets of a Caracas neighborhood long considered a stronghold of the ruling party. As daylight broke, some people rallied and yelled “Bring back Maduro!” while holding posters of the leader.

In other areas of the city, the streets remained empty hours after the attack. Parts of the city remained without power, but vehicles moved freely.

Video obtained from Caracas and an unidentified coastal city showed tracers and smoke clouding the landscape as repeated muted explosions illuminated the night sky. Other footage showed cars passing on a highway as blasts illuminated the hills behind them. The videos were verified by The Associated Press.

Smoke was seen rising from the hangar of a military base in Caracas, while another military installation in the capital was without power.

“The whole ground shook. This is horrible. We heard explosions and planes,” said Carmen Hidalgo, a 21-year-old office worker, her voice trembling. She was walking briskly with two relatives in Caracas, returning from a birthday party. “We felt like the air was hitting us.”

The Venezuelan government’s statement said that Maduro had “ordered all national defense plans to be implemented” and declared a state of emergency that gives him the power to suspend people’s rights and expand the role of the armed forces.

The website of the U.S. Embassy in Venezuela, a post that has been closed since 2019, issued a warning to American citizens in the country, saying it was “aware of reports of explosions in and around Caracas.”

“U.S. citizens in Venezuela should shelter in place,” the warning said.

Reaction begins to emerge

Inquiries to the Pentagon and U.S. Southern Command since Trump’s social media post went unanswered. The FAA warned all commercial and private U.S. pilots that the airspace over Venezuela and the small island nation of Curacao, just off the coast of the country, was off limits “due to safety-of-flight risks associated with ongoing military activity.”

The Armed Services committees in both houses of Congress, which have jurisdiction over military matters, have not been notified by the administration of any actions, according to a person familiar with the matter and granted anonymity to discuss it.

Lawmakers from both political parties in Congress have raised deep reservations and flat out objections to the U.S. attacks on boats suspected of drug smuggling on boats near the Venezuelan coast and Congress has not specifically approved an authorization for the use of military force for such operations in the region.

Deputy Secretary of State Christopher Landau said the military action and seizure of Maduro marks “a new dawn for Venezuela,” saying that “the tyrant is gone.” He posted on X hours after the strike. His boss, Rubio, reposted a post from July that said Maduro “is NOT the President of Venezuela and his regime is NOT the legitimate government.”

Cuba, a supporter of the Maduro government and a longtime adversary of the United States, called for the international community to respond to what president Miguel Díaz-Canel Bermúdez called “the criminal attack.”

“Our zone of peace is being brutally assaulted,” he said on X. Iran’s Foreign Ministry also condemned the strikes.

President Javier Milei of Argentina praised the claim by his close ally, Trump, that Maduro had been captured with a political slogan he often deploys to celebrate right-wing advances: “Long live freedom, dammit!”

Adapted from reporting by the Associated Press

 

Tesla Loses Title as World’s Biggest Electric Vehicle Maker as Sales Fall for 2nd Year in a Row

(Headline USA) Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as expiring U.S. tax breaks for buyers and stiff overseas competition pushed sales down for a second year in a row.

Tesla said that it delivered 1.64 million vehicles in 2025, down 9% from a year earlier.

Chinese rival BYD, which sold 2.26 million vehicles last year, is now the biggest EV maker.

It’s a stunning reversal for a car company whose rise once seemed unstoppable as it overtook traditional automakers with far more resources and helped make Musk the world’s richest man. 

For the fourth quarter, Tesla sales totaled 418,227, falling short of even the much reduced 440,000 target that analysts recently polled by FactSet had expected.

Sales were hit hard by the expiration of a $7,500 tax credit for electric vehicle purchases that was phased out by the Trump administration at the end of September.

Tesla stock fell 2.6% to $438.07 on Friday.

Even with multiple issues buffeting the company, investors are betting that Tesla CEO Musk can deliver on his ambitions to make Tesla a leader in robotaxi services and get consumers to embrace humanoid robots that can perform basic tasks in homes and offices. Reflecting that optimism, the stock finished 2025 with a gain of approximately 11%.

The latest quarter was the first with sales of stripped-down versions of the Model Y and Model 3 that Musk unveiled in early October as part of an effort to revive sales. The new Model Y costs just under $40,000 while customers can buy the cheaper Model 3 for under $37,000. Those versions are expected to help Tesla compete with Chinese models in Europe and Asia.

For fourth-quarter earnings coming out in late January, analysts are expecting the company to post a 3% drop in sales and a nearly 40% drop in earnings per share, according to FactSet. Analysts expect the downward trend in sales and profits to eventually reverse itself as 2026 rolls along.

Musk said earlier last year that a “major rebound” in sales was underway, but investors were unruffled when that didn’t pan out, choosing instead to focus on Musk’s pivot to different parts of business. He has has been saying the future of the company lies with its driverless robotaxis service, its energy storage business and building robots for the home and factory — and much less with car sales.

Tesla started rolling out its robotaxi service in Austin in June, first with safety monitors in the cars to take over in case of trouble, then testing without them. The company hopes to roll out the service in several cities this year.

To do that successfully, it needs to take on rival Waymo, which has been operating autonomous taxis for years and has far more customers. It also will also have to contend with regulatory challenges. The company is under several federal safety investigations and other probes. In California, Tesla is at risk of temporarily losing its license to sell cars in the state after a judge there ruled it had misled customers about their safety.

“Regulatory is going to be a big issue,” said Wedbush Securities analyst Dan Ives, a well-known bull on the stock. “We’re dealing with people’s lives.”

Still, Ives said he expects Tesla’s autonomous offerings will soon overcome any setbacks.

Musk has said he hopes software updates to his cars will enable hundreds of thousands of Tesla vehicles to operate autonomously with zero human intervention by the end of this year. The company is also planning to begin production of its AI-powered Cybercab with no steering wheel or pedals in 2026.

To keep Musk focused on the company, Tesla’s directors awarded Musk a potentially enormous new pay package that shareholders backed at the annual meeting in November.

Musk scored another huge windfall two weeks ago when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018.

Musk could become the world’s first trillionaire later this year when he sells shares of his rocket company SpaceX to the public for the first time in what analysts expect would be a blockbuster initial public offering. 

Adapted from reporting by the Associated Press.

Minnesota Must Provide Documents to US Government in Child Care Fraud Probe by Next Week

(Headline USA) Minnesota officials have until next week to hand over information on providers and parents who receive federal child care funds that the Trump administration contends have been used fraudulently or risk losing federal funding. 

State officials said Friday recent inspections showed several childcare centers accused of fraud by a right-wing influencer were “operating as expected.”

In an email sent Friday to child care providers and shared with The Associated Press by multiple providers, Minnesota’s Department of Children, Youth, and Families said it has until Jan. 9 to provide information about recipients of the funds.

The announcement earlier this week by the Trump administration that it would freeze child care funds to Minnesota and the rest of the states comes after a series of fraud cases involving government programs in which many defendants were Somali, as were many of those running spotlighted childcare centers.

Allegations of fraud at the child care centers went viral recently when a right-wing influencer posted a video claiming there was fraud taking place, putting Minnesota and some other states in the crosshairs of the Trump administration.

The email sent Friday instructed providers and families who rely on the frozen federal child care program to continue the program’s “licensing and certification requirements and practices as usual.” It does not say that recipients themselves need to take any action or provide any information.

“We recognize the alarm and questions this has raised,” the email said. “We found out about the freezing of funds at the same time everyone else did on social media.”

The state agency added that it “did not receive a formal communication from the federal government until late Tuesday night,” which was after Health and Human Services Deputy Secretary Jim O’Neill posted about the freeze on X. All 50 states will have to provide additional levels of verification and administrative data before they receive more funding from the Child Care and Development Fund, which is designed to make child care affordable for low-income families.

The U.S. House Committee on Oversight and Government Reform will hold a hearing Wednesday to discuss the allegations of fraudulent use of federal funds in Minnesota. 

An HHS spokesperson said that the child care fraud hotline put up by the federal agency earlier this week has received more than 200 tips.

Minnesota has drawn ire from Republicans and the Trump administration over other fraud accusations.

Administration for Children and Families Assistant Secretary Alex Adams told Fox News on Friday that his agency sent Minnesota a letter last month asking for information on the child care program and other welfare programs by Dec. 26, but didn’t get a response. The state did not immediately respond to a request for comment. President Donald Trump has also targeted the state’s large Somali community with immigration enforcement actions and called them “garbage.”

The Administration for Children and Families, a division of the U.S. Department of Health and Human Services, provides $185 million in child care funds annually to Minnesota, federal officials have said.

According to the Friday email from Minnesota’s Department of Children, Youth, and Families, HHS sent a letter to Minnesota asking for data from 2022 to 2025, including identifying information of all recipients of the child care funds, a list of all providers who receive the funds, how much they receive and “information related to alleged fraud networks and oversight failures.” It’s unclear whether Minnesota already has the data the administration is asking for.

HHS said five child care centers that receive funds from the child care program or Temporary Assistance for Needy Families would have to provide “specific documentation” such as attendance, inspections and assessments, according to the email.

HHS said it would provide Minnesota with more information by Jan. 5, but the state agency wrote that it’s unclear what kinds of funding restrictions it faces.

“Our teams are working hard to analyze the legal, fiscal, and other aspects of this federal action,” the email says. “We do not know the full impact.”

Adapted from reporting by the Associated Press

FBI Says it Disrupted a New Year’s Eve Attack Plan Inspired by Islamic State Group

(Headline USA)  The FBI said Friday it disrupted a New Year’s Eve attack plot targeting a grocery store and fast-food restaurant in North Carolina, arresting an 18-year-old man who authorities say pledged loyalty to the Islamic State group.

Christian Sturdivant was charged with attempting to provide material support to a foreign terrorist organization after investigators say he shared plans for the attack with an undercover FBI employee posing as a supportive confidant.

Sturdivant was arrested Wednesday and remained in custody after a federal court appearance Friday. An attorney representing him Friday did not immediately respond to an email seeking comment. Another hearing was scheduled for Jan. 7.

The alleged attack would have taken place one year after 14 people were killed in New Orleans by a U.S. citizen and Army veteran who had proclaimed his support for ISIS on social media.

The FBI has foiled several alleged attacks through sting operations in which agents posed as terror supporters, supplying advice and equipment. Critics say the strategy can amount to entrapment of mentally vulnerable people who wouldn’t have the wherewithal to act alone.

Searches of Sturdivant’s home and phone uncovered what investigators described as a manifesto detailing plans for an attack with knives and a hammer, FBI Special Agent in Charge James Barnacle said at a news conference Friday.

“He was willing to sacrifice himself,” Barnacle said.

U.S. Attorney for western North Carolina Russ Ferguson said the planned attack in Mint Hill, a bedroom community near Charlotte, targeted “places that we go every day and don’t think that we may be harmed.”

Worried he might attempt violence before New Year’s Eve, the FBI placed Sturdivant under constant surveillance for days, including on Christmas, Ferguson said. Agents were prepared to arrest him earlier if he left his home with weapons, he said. “At no point was the public in harm’s way.”

The fact that Sturdivant encountered two undercover officers while allegedly planning the attack should reassure the public, Ferguson said. He declined to identify the grocery store and restaurant cited in the complaint, citing the ongoing investigation.

If convicted, Sturdivant faces up to 20 years in prison, according to court documents.

An FBI affidavit says the investigation began last month after authorities linked Sturdivant to a social media account that posted content supportive of IS, including imagery that appeared to promote violence. The account’s display name referenced Abu Bakr al-Baghdadi, the former leader of the extremist group.

Some experts argue that IS is powerful today partly as a brand, inspiring both militant groups and individuals in attacks that the group itself may have no real role in.

The affidavit says Sturdivant had been on the FBI’s radar in January 2022, when he was a minor, after officials learned that he had been in contact with a person in Europe the FBI says was an IS member, and had received instructions to dress in black, knock on people’s doors and commit attacks with a hammer.

At that time, Sturdivant did actually set out for a neighbor’s house armed with a hammer and a knife but was restrained by his grandfather, the affidavit says.

The FBI in Los Angeles last month announced the disruption of a separate New Year’s Eve plot, arresting members of an extremist anti-capitalist and anti-government group who federal officials said planned to bomb multiple sites in southern California.

Other IS-inspired attacks over the past decade include a 2015 shooting rampage by a husband-and-wife team who killed 14 people in San Bernardino, California, and a 2016 massacre at a gay nightclub in Orlando, Florida, by a gunman who fatally shot 49 people.

Adapted from reporting by the Associated Press

 

‘Locked and loaded’:Trump Warns Iran

(Sarah Roderick-Fitch, The Center Square) Following days of civil unrest in Iran, President Donald Trump issued a warning to the Iranian regime that the U.S. is prepared to take action if civilians are shot.

Trump posted the warning overnight Friday, indicating he may be throwing support behind the uprising in the Islamic Republic sparked by economic decline.

“If Iran shoots and violently kills peaceful protesters, which is their custom, the United State of America will come to their rescue. We are locked and loaded and ready to go,” the president posted to his Truth Social Account.

The warning came on the heels of the president hosting Israeli Prime Minister Benjamin Netanyahu, when the two leaders reportedly discussed the potential of future strikes on Iran if the Islamic Republic attempts to rebuild its nuclear capabilities, following U.S. strikes in June that targeted the country’s nuclear sites.

“I hear Iran is looking to rebuild its facilities again, and if they do we will have to knock them down again,” the president told reporters during a press conference Monday. “We’re going to have no choice but very quickly to eradicate that build up. So I hope Iran is not trying to build up, as I’ve been reading.”

Ali Larijani, the secretary of the Supreme National Security Council for Iran, snapped back at Trump’s post, signaling possible retaliation if the U.S. decides to get involved.

“With the stances taken by Israeli officials and Trump, the behind-the-scenes of the matter has become clear. We consider the positions of the protesting merchants separate from those of the destructive elements, and Trump should know what American interference in this internal issue is equivalent to chaos acrost the entire region and the destruction of American interests,” Larijani posted on X. “The American people should know that it was Trump who started the adventurism. They should look after their soldiers.”

The civil uprising in Iran follows a pattern of Iranian citizens protesting the brutal regime’s grip on its citizens. The most recent unrest occurred in 2019, with one of the most significant events taking place in 2009, known as the Green Movement, which resulted in millions of Iranian citizens demonstrating against the government.

Senator Works on Bills to Protect Children from Pedophiles

(Chris Woodward, The Center Square) Sen. Janae Shamp is on a mission for 2026.

The Arizona legislator said she wants to “make pedophiles’ lives hell” and is not backing off.

“There are many different layers to how sex offenders are processed,” Shamp, R-Surprise, told The Center Square. “There’s things that happen pretrial. There’s plea deals that are made. Probation gets involved, and then once probation comes into it, what level of sex offender they are is then generated. So I’ve been working to make sure that everyone that is a sex offender, whether they’re level 1, 2, or 3, are actually on the registry.”

The state senator has also been working to ensure that if someone commits a dangerous crime against a child, he or she will be punished.

In recent legislative sessions, Shamp was successful in getting several major child protection bills signed into law. These include Senate Bills 1232, 1236 and 1404.

SB 1232 classifies sexual conduct with a minor 12 or younger resulting in serious physical injury as a Class 1 felony, punishable by natural life imprisonment.

SB 1236 requires that additional Level 1 sex offenders convicted of dangerous crimes against children be listed publicly on the state sex offender website.

SB 1404 requires schools to be notified when a parent at that school is a registered sex offender convicted of DCAC.

Reform proposals from Shamp include strengthening mandatory consequences for repeated probation violations and increasing oversight of probation and treatment providers. Shamp will also explore a requirement for immediate intervention for high-risk assessments, in addition to improvements for notification systems used for schools and parents.

“We took 17 statutes. There’s actually 26, but 17 really big statutes that involve sexual assault and perverse acts against children, and we elevated the punishment,” said Shamp. “So what I’m looking to do this next session is to build upon that to help protect these kids, and I’ve been working with the probation department, with the courts, and I’ve been working lots of stakeholder meetings talking about how we can keep what happened just a month or so ago from ever happening again.”

It was in November 2025 that a student at Orangewood Elementary School in Phoenix was sexually assaulted in a classroom.

Phoenix police and court documents said 25-year-old Abel Gblah followed the student into the building. Authorities add that Gblah told the student he was a doctor.

“Because there had been a tardy student, the door was unlocked, and a pedophile was able to get into the school,” Shamp told The Center Square. “This man has been convicted of human smuggling on the border. He’s been convicted of raping a 16-year-old autistic girl with cerebral palsy. And here he is living two miles from the elementary school that he went to school at, so he knows the lay of the land.”

Gblah also “failed to go to 22 of his mandated counseling classes” or appointments, Shamp said.

“He has violated probation many, many times, and they had sent him to jail for 30 days, and four days after he was released is when he raped this little girl,” said Shamp. “That’s not OK.”

According to Shamp, people want to blame the school, but the senator does not see it that way.

“One employee made a mistake in not getting a door locked after a tardy student had gone through,” said Shamp. “The breakdown of the entire system of probation should not then be placed on the shoulders of one employee of an elementary school, so, to me, it’s probation reform that we need.”

While investigating the allegations around Gblah, Shamp said she learned “there is a superseding indictment for him because he is illegally in the United States.”

That, said Shamp, is more reason for reform.

“The fact that he was here, he was able to go to that school, and then he was involved in our justice system to the point where Arizona taxpayers are paying for probation, we fund the probation department through our taxes, the probation department, that is criminal,” said Shamp. “That means reforms as well.”

Arizona’s legislative session begins Jan. 12.

Shamp said she believes she will have bipartisan support and is “praying that the governor will sign the measure.”

“The main bill and reform for probation is not going to have anything to do with the illegal status,” said Shamp. “That will be a separate situation, but reforming and what we’re talking about doing with probation is going to be very focused on dangerous crimes against children, and the bills that I have done over the last three sessions and now coming into this one will be the same.”

Washington State Targets Savers with New Sales Tax on Gold and Silver, Effective January 1st, 2026

(Money Metals News Service) Washington state will begin penalizing citizens for protecting their savings in precious metals, imposing a sales tax on all new purchases effective January 1.

While a number of states have ended state sales taxes on gold and silver purchases in recent years, Washington politicians decided to lash out against the public despite a growing affordability crisis, penalizing citizens who seek to insulate themselves financially. Meanwhile, 44 U.S. states have partially or fully ended such taxes.

The state legislature repealed the longstanding exemption established in 1985, effective January 1, 2026, adding up to 10 percent in sales taxes (depending on where in the state the purchase is made). This action is the reason Washington fell to a rock bottom 50th place on the 2026 Sound Money Index, an annual scorecard that ranks all 50 states by their sound money policies.

While Washington businesses consider closing their doors, their customers may seek to buy and store precious metals in a state without sales taxes on precious metals – or drive to Oregon or Idaho to make tax-exempt purchases.

The Sound Money Defense League is working alongside in-state advocates and lawmakers in Olympia to restore this important tax exemption on gold and silver coins, bars, and rounds. Bills to fix this policy blunder, House Bill 2115 and Senate Bill 5894, have bipartisan support and have already been pre-filed in the legislature. Washington’s legislative session begins January 12th.

Executive director of the League, Jp Cortez said, “Washington took a huge step backwards by repealing their longtime sales tax exemption on Constitutional money. We’re committed to activating our grassroots supporters to fight for the passage of HB 2115 and SB 5894 to end this tax on sound money.”

The Sound Money Defense League urges our grassroots supporters in Washington to act with phone calls and letters when HB 2115 and SB 5894 come up for hearings in Olympia.

Despite Washington’s step backwards, 2025 was the most impactful year for sound money policy in recent history. The Sound Money Defense League was instrumental in the passage of pro-precious metals legislation in states such as Idaho, Kentucky, Connecticut, Wyoming, Alabama, and more.

Are Silver Prices Entering “A New Reality”?

(Money Metals News Service) Silver is starting to attract high levels of retail demand from U.S. investors – most of whom very recently caught on to the compelling silver investment thesis.

Five years of production deficits combined with an expanding array of demand sources have finally started to matter, with silver just recently breaking out of the below-$50 price zone that trapped it for 45 years.

There are historical precedents for a dramatic and swift fourfold increase in a metal’s market price. This happened with silver in the 1970s – and more recently with copper and lead.

Copper had spent decades in the $1 range only to suddenly rise to $4 in a matter of months in 2005. Lead did something similar in 2007.

After these incidents 20 years ago, copper and lead suddenly found themselves trading in new, much higher price ranges – or, as Michael Oliver has said, “a new reality.”

There are no guarantees silver will continue to advance higher in the near term. However, rapid four-fold moves can and do happen when the market concludes that a particular commodity has been mispriced.

Silver is presently trading at a premium in London and Asia, especially now that China (the second largest producer of silver) is restricting exports of the “poor man’s gold” like it has previously done with rare earths.

The steep silver premiums in Asia have the effect of drawing in physical supply from other parts of the world like a magnet, fueling overall price gains.

Phone lines are open at Money Metals today (and Saturday), but there could be hold times given the incredible demand coming in. Remember that you can always order online at MoneyMetals.com!

Money Metals Remains Flush With Inventory

Meanwhile, thanks to its superior capitalization and inventory management, Money Metals has found itself better positioned than its competitors to satisfy the new demand that’s pouring in.

Virtually all products remain in stock at Money Metals. Our only real challenge is staying on top of the overwhelming call volume and order fulfillment throughput.

However, we’ve hired 20 additional employees since Christmas, and we are continuing to staff up aggressively to serve these droves of new customers.

Meanwhile, the best value in silver right now is pre-1965 silver dimes and quarters, available at Money Metals for $1 BELOW SPOT. Check it out!

The Top Five Precious Metals Stories of 2025

(Mike Maharrey, Money Metals News Service) What were the biggest precious metals stories of 2025? There were plenty to choose from.

The biggest story is the impressive yearly gain for all the precious metals.

  • Gold up over 64 percent
  • Silver up just under 148 percent
  • Platinum gained 125.9 percent
  • Palladium up just over 80 percent

So, which stories that Money Metals covered this year, as precious metals surged, rank as the top stories? I polled some of my colleagues and came up with this top five. They are in no particular order.

  1. Seismic Shift: Morgan Stanley Recommends 60/20/20 Portfolio with 20 Percent Allocated to Gold. — Historically, the conventional wisdom on Wall Street was a 60/40 portfolio, with 60 percent of the holdings in equities and 40 percent in fixed-income investments, primarily bonds. The theory is that these asset classes balance each other, with stocks strengthening in a strong economy and bonds creating a hedge during downturns. Given the changing market dynamics, Morgan Stanley CIO Wilson said investors should consider a 60/20/20 strategy, swapping half of the bond portfolio for gold to serve as a “more resilient” inflation hedge. Given that most U.S. investors have very little exposure to gold and silver, this will be a monumental shift in investing if it catches on.
  2. A Hawkish Cut? What Was So Hawkish About It? — At first glance, this is just another story about a Fed meeting. However, during this meeting, the central bank announced it was relaunching quantitative easing! Even though it barely got a mention in the mainstream financial press, it is extremely significant, given that we are still in an inflationary environment. In effect, the Fed has returned to money printing even as inflation remains stubbornly persistent. I elaborated more on this story in an episode of the Midweek Memo Podcast.
  3. Gold Overtakes Euro as Second-Largest Global Reserve Asset — Due to a combination of central bank gold buying and the surging price of gold, the yellow metal overtook the euro as the world’s number two reserve asset. But it’s not so much that gold is replacing the euro. It is supplanting the dollar. This is evidence of a broader de-dollarization trend that picked up speed in 2025.
  4. How Much Gold Is Moving from London to New York? — This article explains how tariff worries last spring incentivized a massive movement of gold and silver from vaults in London to New York. The significance wasn’t just metal moving from place to place. It exposed a dirty little secret in the precious metals markets: there is a lot more paper silver and gold than actual silver and gold. The tariff-incentivized movement of metal in the spring also set the stage for the October squeeze that drove silver to over $50 for the first time.
  5. China Reaffirms Tight Grip on Gold Market, Ushering in a New Monetary Era — This was the culmination of fantastic reporting by analyst Jan Nieuwenhuijs, who exposed how the People’s Bank of China is buying far more gold than it reports. Toward the end of the year, mainstream financial media finally began reporting on the story. Jan summed it up on a post on X. “Me, Dec ‘24: ‘The Chinese central bank is currently buying at least ten times more gold than what you read in the newspaper.‘ Newspaper (FT), Nov ‘25: ‘China’s unreported gold purchases could be more than 10 times its official figures.

There were plenty of other momentous events this year, including the U.S. adding silver to its list of critical minerals, the national debt eclipsing $38 trillion even as the U.S. ran the fourth-biggest deficit in history despite record tariff revenue, silver breaking out from a 50-year ‘cup and handle’ pattern, and more. I’m sure there is something I’m forgetting!

We thank you for following our work here at Money Metals. Our goal is to be a go-to source for precious metals news, and we look forward to covering the momentous stories of 2026!


Mike Maharrey is a journalist and market analyst for Money Metals with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.