Russia Pounds Targets Across Ukraine as There’s No End in Sight to the War

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Russia Pounds Targets Across Ukraine as There’s No End in Sight to the War

(Dave DeCamp, Antiwar.com) Russia launched a heavy drone and missile attack on targets across Ukraine overnight Saturday into Sunday as the war continues to rage with no end in sight despite President Trump’s earlier push for a ceasefire.

The Ukrainian Air Force said that Russia fired 60 missiles and 477 drones and decoy drones designed to overwhelm air defenses. The Air Force said it shot down about 90% of the projectiles launched into Ukraine, but many of the missiles were able to strike targets.

A Ukrainian fighter pilot flying a US-made F-16 died in a crash while attempting to intercept Russian missiles and drones. According to The New York Times, it’s unclear if any civilians were killed in the Russian barrage, though a woman was reported killed by Russian shelling near the frontline in Kherson.

Fighting also continued along the frontline in eastern Ukraine, where Russian forces are making gains in the Donetsk Oblast. Russia’s Defense Ministry said Russian troops took over a settlement in Donetsk and claimed Ukraine’s military suffered more than 1,200 casualties over the past day, but the number isn’t verified.

In response to the Russian attacks, Ukrainian President Volodymyr Zelensky called for more help from his Western backers. “This war must be brought to an end — pressure on the aggressor is needed, and so is protection. Protection from ballistic and other missiles, from drones, and from terror,” he wrote on X.

“Ukraine needs to strengthen its air defense — the thing that best protects lives. These are American systems, which we are ready to buy. We count on leadership, political will, and the support of the United States, Europe, and all our partners,” Zelensky added.

The attack came a few days after Zelensky met with President Trump at the NATO summit in The Hague and asked for more Patriot missile defense systems, a request Trump said he was considering. While he campaigned on ending the war in Ukraine, Trump continues to fuel the conflict by providing military aid and intelligence support.

This article originally appeared at Antiwar.com.

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

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

(, 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 Republicans – U.S. Sens. Thom Tillis, R-N.C., and Rand Paul, R-Ky. – joining all Democrats in voting against.

To delay a final vote in the Senate, Democrats forced a full reading of the 940-page bill on the floor early Sunday. That reading is now complete.

Trump celebrated the procedural vote in posts on Truth Social.

“They, along with all of the other Republican Patriots who voted for the Bill, are people who truly love our Country!” Trump wrote. “As President of the USA, I am proud of them all, and look forward to working with them to GROW OUR ECONOMY, REDUCE WASTEFUL SPENDING, SECURE OUR BORDER, FIGHT FOR OUR MILITARY/VETS, ENSURE THAT OUR MEDICAID SYSTEM HELPS THOSE WHO TRULY NEED IT, PROTECT OUR SECOND AMENDMENT, AND SO MUCH MORE. GOD BLESS AMERICA &, MAKE AMERICA GREAT AGAIN!!!”

The budget reconciliation bill, upon final passage, will implement Trump’s tax, energy, border, and defense policies, including an extension of the tax cuts he delivered during his first term, which are scheduled to sunset at the end of 2025 without action.

Assuming final passage in the Senate, the U.S. House of Representatives – where its version passed 215-214 – would need to agree to changes made in the Senate. Trump has said he wants the measure on his desk by July 4.

Most budget analysts say the spending package could increase federal deficits from $2.4 trillion to $4.5 trillion over the next decade.

Tillis, who announced Sunday that he would not seek reelection after Trump threatened to primary him, said he voted “no” on the package because of proposed cuts to Medicaid.

“This will force the state to make painful decisions like eliminating Medicaid coverage for hundreds of thousands in the expansion population, and even reducing critical services for those in the traditional Medicaid population,” Tillis said. “The Senate should return to the House’s Medicaid approach. That plan includes commonsense reforms to address waste, fraud and abuse; and implements work requirements for some able-bodied adults to ensure taxpayer-funded benefits are going to our most vulnerable neighbors.”

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

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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 a War Hero, and a Prime Minister who did a fabulous job working with the United States to bring Great Success in getting rid of the dangerous Nuclear threat in Iran,” Trump wrote on Truth Social.

The president said that the trial against Netanyahu, who is also wanted by the International Criminal Court for his role in war crimes in Gaza, is a “witch hunt.” Trump mentioned US military aid to Israel, appearing to suggest he might be willing to leverage it to get the charges against Netanyahu dropped.

“The United States of America spends Billions of Dollar a year, far more than on any other Nation, protecting and supporting Israel. We are not going to stand for this,” Trump said.

“We just had a Great Victory with Prime Minister Bibi Netanyahu at the helm — And this greatly tarnishes our Victory. LET BIBI GO, HE’S GOT A BIG JOB TO DO!” he added.

The post marks the second time since the ceasefire between Israel and Iran that Trump called for the charges against Netanyahu to be dropped. The Israeli leader faces three separate cases on charges of bribery, fraud, and breach of trust, and could face time in prison.

After Trump’s first call to end the trial, Netanyahu requested that his next hearing, scheduled for this week, be delayed, and the court granted his request on Sunday. “Following the explanations given… we partially accept the request and cancel at this stage Mr Netanyahu’s hearings,” the Jerusalem district court said in its ruling.

This article originally appeared at Antiwar.com.

Idaho Authorities Lift Lockdown at Scene of Sniper Attack after Police Find Man Dead on Mountain w/ Gun Nearby

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Idaho Authorities Lift Lockdown at Scene of Sniper Attack after Police Find Man Dead on Mountain w/ Gun Nearby

(Headline USA) Idaho authorities lift lockdown at scene of sniper attack after police find man dead on mountain with a firearm nearby.

Two firefighters were killed Sunday and another was wounded when they were ambushed by sniper fire while responding to a blaze in a northern Idaho mountain community, as crews endured a barrage of gunfire over several hours that the governor called a “heinous” assault. No arrests were announced.

The Kootenai County Sheriff’s Office said crews responded to a fire at Canfield Mountain just north of Coeur d’Alene around 1:30 p.m., and gunshots were reported about a half hour later.

Sheriff Bob Norris said officials weren’t immediately sure how many people were shot.

“We don’t know how many suspects are up there, and we don’t know how many casualties there are,” Norris told reporters at a 4:30 p.m. news conference. “We are actively taking sniper fire as we speak.”

People were still coming off the mountain in the late afternoon, the sheriff said, so it “would be safe to assume” that others were still up there.

Three victims were brought to Kootenai Health, said hospital spokesperson Kim Anderson. Two were dead on arrival and the third was being treated for injuries, Anderson said. The wounded firefighter’s condition wasn’t known.

Gov. Brad Little said “multiple” firefighting personnel were attacked.

“This is a heinous direct assault on our brave firefighters,” Little said on X. “I ask all Idahoans to pray for them and their families as we wait to learn more.”

Norris said it appeared the sniper was hiding in the rugged terrain and using a high-powered rifle. He said he instructed deputies to fire back.

An alert by the Kootenai County Emergency Management Office asked people to avoid the area around Canfield Mountain Trailhead and Nettleton Gulch Road, about 4 miles north of downtown Coeur d’Alene.

The fire was still active, Norris said.

“It’s going to keep burning,” he said. “Can’t put any resources on it right now.”

The FBI has responded to the scene with technical teams and tactical support, Deputy Director Dan Bongino said.

“It remains an active, and very dangerous scene,” he wrote in a post on X.

The Idaho House Republican Leadership said in a statement: “We are horrified by the murder of two firefighters in Coeur d’Alene, and shocked by such a vicious attack on our first responders. We are praying for them, the injured, their families and their colleagues.”

Coeur d’Alene is a city of 55,000 residents near the border with Washington. Canfield Mountain is a popular hiking and biking area on the city’s outskirts, covered with trees and heavy brush and crisscrossed with trails that lead into a national forest.

Fire is always a big concern for the region, said Bruce Deming, whose property abuts the trail system. When he noticed smoke on the ridge Sunday afternoon, he wondered why no firefighting helicopters were responding.

When a friend texted to tell him about the shooting, he realized why he wasn’t seeing aircraft: “Because they’re concerned about being shot at,” he said.

As deputies set up posts nearby, Deming pointed them to a trail that starts near his backdoor and leads directly to the site of the fire.

“I just don’t want to have to wake up in the middle of the night to figure if somebody’s out prowling around my place,” he said.

Adapted from reporting by the Associated Press

Tillis Will Not Seek Reelection to Senate

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Tillis Will Not Seek Reelection to Senate

(, The Center Square) North Carolina’s senior senator says he is done with the partisan gridlock of Washington and will not seek reelection in the 2026 midterms.

“It’s not a hard choice,” the statement of U.S. Sen. Thom Tillis, R-N.C., early Sunday afternoon said.

Considered a moderate Republican, he was the target of the ever-mercurial president overnight when he was one of two holdouts advancing the reconciliation bill to debate in the Senate. Tillis, 64, cited the projected cost of $32 billion via Medicaid that would fall to the state budget for rural hospitals and communities back home.

His flare-ups with President Donald Trump go back to the Floridian’s first term. His two Senate terms included a 48.6%-46.9% triumph over Democrat Cal Cunningham five years ago and a 48.8%-47.3% win over then-incumbent and the late Democratic Sen. Kay Hagan in 2014.

Hagan, 17 years ago, was the last Democrat to win a Senate seat from what is now the nation’s ninth largest state (11 million population) with independent voters (nearly 38%) the largest bloc. Former Sen. Richard Burr (2010, 2016), Sen. Ted Budd (2022) and Tillis are 5-0 since.

Tillis, 9-0 in 23 years of political elections, late Saturday night cast one of two votes against the advance of the One Big Beautiful Bill Act, known also as House Resolution 1. Trump jabbed him on social media saying he would seek a primary opponent, though such speculation was hardly new. Tillis’ campaign has $5.6 million cash on hand.

In a published statement, Tillis said, “The choice is between spending another six years navigating the political theater and partisan gridlock in Washington or spending that time with the love my life, Susan, our two children, three beautiful grandchildren, and the rest of our extended family back home.”

Thom and Susan Tillis celebrated their 22nd wedding anniversary on Saturday.

Tillis was elected to the town of Cornelius’ park board in 2002, town commissioners in 2003, and defeated incumbent John Rhodes in the 2006 Republican primary on the way to a seat in the North Carolina House of Representatives.

In 2010, with redistricting maps drawn and favoring Democrats, Republicans won both chambers of the General Assembly for the first time in 140 years – since Reconstruction and the Civil War. Tillis was elected speaker of the House and stayed in the role until beating Hagan in 2014.

The 2010 midterms upheaval in the Legislature changed the directory of the state. The budget deficit then was between $800 million and $1.2 billion, and the turnaround of roughly $6 billion since sent the state’s surplus to more than $5 billion prior to Hurricane Helene.

State budget writers this summer are trying to appropriate more aid for western North Carolina while still replenishing what is colloquially called the rainy day fund.

Becoming a more business friendly state began while Tillis was at the helm of the House and Sen. Phil Berger led the Senate. The state regularly ranks among the best in a myriad of rankings, inclusive of nonprofit nonpartisan tax watch organizations, media outlets such as left-leaning CNBC, and business journals.

Republicans have 53 seats in the Senate, Democrats 45 and two are with independents caucusing with the Democrats. The seats of Tillis and Maine Republican Sen. Susan Collins are already consensus most vulnerable to change within the party or even to be flipped blue.

Former Democratic U.S. Rep Wiley Nickel is a candidate for the seat. Former Gov. Roy Cooper, himself with a 13-0 political record inclusive of time in the state House, Senate and governor’s mansion, has been noncommittal to significant speculation.

Berger, 72, has name recognition and accomplishments should he choose to run. He was minority leader of the Senate from 2005 through 2010 and has led the chamber since Jan. 26, 2011.

Elsewhere, 10 Republicans from North Carolina are in the U.S. House led in tenure by 81-year-old Virginia Foxx (first elected 2004) and 53-year-old David Rouzer (2014). Freshmen Reps. Addison McDowell, 31, and Pat Harrigan, 38, are considered fiercely loyal to Trump. Fellow freshman Rep. Tim Moore, 54, set a record with five terms as state House speaker.

Republicans with less name appeal include Brooks Agnew, Don Brown and Andy Nilsson.

Viewed for now as longshots albeit with name recognition are Lara Trump, the president’s daughter-in-law born in Wilmington, and Mark Robinson, the embattled former lieutenant governor and loser by more than 10% to Gov. Josh Stein last November.

A statement from South Carolina Sen. Tim Scott, Republican Senatorial Committee chairman, on Sunday said, “President Trump has won North Carolina three times, and the state’s been represented by two Republican senators for over a decade. That streak will continue in 2026 when North Carolinians elect a conservative leader committed to advancing an agenda of opportunity, prosperity and security.”

Over 200 People See UFO in BROAD DAYLIGHT

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Over 200 People See UFO in BROAD DAYLIGHT

(Headline USA) More than 200 people across a half-dozen southern U.S. states have now reported witnessing a mysterious object streak across the sky on Thursday, and the nation’s space agency now believes it was a remarkably bright meteor known as a bolide.

Most sightings of the streak of light and fireball came from Georgia and South Carolina around 12:30 p.m., according to a report from the National Weather Service office in Peachtree City, Georgia.

Here’s what to know about the object:

Pieces of meteor believed to be on ground in Georgia

NASA determined that it was about the size of a shopping cart as it streaked through the sky. Scientists were able to track the meteor’s path after analyzing eyewitness accounts, images from cameras and data from satellites and weather radar.

The meteor was first spotted over Oxford, Georgia, as it moved southwest across the sky, according to Bill Cooke, a scientist at NASA’s Meteoroid Environments Office in Huntsville, Alabama.

It broke apart over the small community of West Forest, Georgia, “unleashing an energy of about 20 tons of TNT,” Cooke said in a statement. That created booms heard by many residents in the area.

The meteor falling to the ground was detected by multiple weather radars, and many meteorites are believed to be on the ground in the Blacksville, Georgia area, NASA said.

People express amazement in witness accounts

As of Friday afternoon, at least 215 reports of the object have poured into the American Meteor Society with many people expressing wonder and amazement in their reports.

“It was a bright fireball,” a woman in Bethlehem, Georgia, wrote.

“It did have a bright tail that disappeared with it, and left behind a smoke trail,” she added. “I’ve never seen anything like it before.”

A man in Milledgeville, Georgia, reported that “I believe it hit the ground.”

The roof of a Georgia home is pierced

A resident of Henry County, Georgia, reported a rock coming through their roof around the time they heard the sonic boom from the fireball. It left behind a hole in the ceiling about the size of a golf ball and a crack in a laminate floor at the home southeast of Atlanta, according to the National Weather Service office in Peachtree City, Georgia.

“We are presuming that a piece of the object fell through their roof,” the weather service said in a brief statement on social media.

Dashboard and doorbell cameras across several states in the southeastern U.S. states caught glimpses of the fireball that appeared to be plummeting straight down.

Broad daylight sighting is rare

Meteors and other space debris frequently enter Earth’s atmosphere, but it is rare for an object to be so bright it can easily be seen in broad daylight. Videos of the event showed clear skies on Thursday, allowing many to see the meteor falling.

“First time to ever see an event in daylight like this,” a man in Cumming, Georgia, north of Atlanta, said in his report to the meteor society.

“It was so bright in the middle of the day… brighter than the sun,” a woman in Dublin, Georgia reported.

Bright fireballs are caused by friction as an object enters the atmosphere and slows down considerably. Almost all objects break into minuscule pieces before striking the ground, according to NASA.

Adapted from reporting by the Associated Press



More than 2,700 Foreign Terrorist Organization Members Arrested Nationwide

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More than 2,700 Foreign Terrorist Organization Members Arrested Nationwide

(Bethany Blankley, The Center Square) Federal agents have so far arrested more than 2,700 members of transnational criminal organizations designated as foreign terrorist organizations,  Attorney General Pam Bondi said Friday.

Among them are members of the violent Venezuelan prison gang Tren de Aragua, which the Trump administration designated as an FTO in February.

A handful of district judges have tried to restrict the Trump administration from removing TdA members, as well as violent criminals, as part of a widespread effort to target crime, The Center Square has reported. The injunctions played a key role in attempts to block immigration enforcement, including high profile deportations of TdA members.

After Friday’s U.S. Supreme Court ruling banning district judges from imposing nationwide injunctions, Bondi said, “No longer will we have rogue judges striking down President Trump’s policies across the entire nation.” The 6-3 Supreme Court ruling “correctly holds that the district court lacks authority to enter nationwide or universal injunctions. These lawless injunctions gave relief to everyone in the world instead of the parties before the court,” she said, effectively turning “district courts into the imperial judiciary.”

A handful of district judges “tried to seize the executive branch’s power and they cannot do that,” she said. “Their injunctions allowed district court judges to be emperors. They vetoed all of President Trump’s power, and they cannot do that.”

Of the 94 federal judicial districts nationwide, only five issued a record 35 nationwide injunctions, out of 40 issued since Trump’s been in office.

“No longer,” she said. “These injunctions have blocked our policies from tariffs to military readiness to immigration to foreign affairs, fraud, abuse and many other issues.”

The Supreme Court ruling will impact dozens of cases after more than 300 lawsuits were filed against the administration over a range of policies, The Center Square reported.

When it comes to immigration enforcement, Friday marked the 2,711th arrest of individuals linked to FTO-designated transnational criminal organizations, she said. Arrests are being made by Homeland Security Investigations, Immigration and Customs Enforcement, the FBI and others.

In January, Trump issued an executive order directing the Secretary of State to designate transnational criminal organizations as FTOs. In February, Secretary of State Marco Rubio designated eight as FTOs:

  • Tren de Aragua (also known as Aragua Train);
  • Mara Salvatrucha (also known as MS-13);
  • Cartel de Sinaloa (also known as Sinaloa Cartel, Mexican Federation, Guadalajara Cartel);
  • Cartel de Jalisco Nueva Generacion (also known as New Generation Cartel of Jalisco, CJNG, Jalisco New Generation Cartel);
  • Carteles Unidos (also known as United Cartels, Tepalcatepec Cartel, Cartel de Tepalcatepec, The Grandfather Cartel, Cartel del Abuelo, Cartel de Los Reyes);
  • Cartel del Noreste (also known as CDN, Northeast Cartel, Los Zetas);
  • Cartel del Golfo (also known as CDG, Gulf Cartel, Osiel Cardenas-Guillen Organization); and
  • La Nueva Familia Michoacana (also known as LNFM).

In May, Rubio also designated two violent Haitian gangs, Viv Ansanm and Gran Grif, as FTOs and Specially Designated Global Terrorists, The Center Square reported.

The Trump administration began targeting transnational criminal organizations after millions of foreign nationals illegally entered the country under the Biden administration from FTO-based countries, including Venezuela, El Salvador and Mexico. As the border crisis worsened, violent TdA crime expanded in at least 22 states, The Center Square exclusively reported.

The Trump administration is also targeting violent criminals from countries of foreign concern like China and state sponsors of terrorism like Iran.

In his first 100 days in office, Trump’s National Counterterrorism Center identified nearly 1,200 alleged terrorists illegally in the U.S., The Center Square reported.

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

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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 in America and cause immense strategic harm to our country,” Musk wrote on X on Saturday ahead of a procedural Senate vote to open debate on the nearly 1,000-page bill. “It gives handouts to industries of the past while severely damaging industries of the future.”

The Tesla and SpaceX CEO, whose birthday is also Saturday, later posted that the bill would be “political suicide for the Republican Party.”

The criticisms reopen a recent fiery conflict between the former head of the Department of Government Efficiency and the administration he recently left. They also represent yet another headache for Republican Senate leaders who have spent the weekend working overtime to get the legislation through their chamber so it can pass by Trump’s Fourth of July deadline.

Musk has previously made his opinions about Trump’s “big, beautiful bill” clear. Days after he left the federal government last month with a laudatory celebration in the Oval Office, he blasted the bill as “pork-filled” and a “disgusting abomination.”

“Shame on those who voted for it: you know you did wrong. You know it,” he wrote on X earlier this month. In another post, the wealthy GOP donor who had recently forecasted that he’d step back from political donations threatened to fire lawmakers who “betrayed the American people.”

When Trump clapped back to say he was disappointed with Musk, back-and-forth fighting erupted and quickly escalated. Musk suggested without evidence that Trump, who spent the first part of the year as one of his closest allies, was mentioned in files related to sex abuser Jeffrey Epstein.

Musk ultimately tried to make nice with the administration, saying he regretted some of his posts that “went too far.” Trump responded in kind in an interview with The New York Post, saying, “Things like that happen. I don’t blame him for anything.”

It’s unclear how Musk’s latest broadsides will influence the fragile peace he and the president had enjoyed in recent weeks. The White House didn’t immediately respond to a request for comment.

Musk has spent recent weeks focused on his businesses, and his political influence has waned since he left the administration. Still, the wealthy businessman poured hundreds of millions of dollars into Trump’s campaign in 2024, demonstrating the impact his money can have if he’s passionate enough about an issue or candidate to restart his political spending.

Though he was silent on Musk, Trump laid on pressure and lashed out strongly at Republican holdouts in the Senate as lawmakers spent hours taking a procedural vote during a rare Saturday evening session. He accused Sen. Thom Tillis of North Carolina of seeking publicity with his no vote and threatened to campaign against the senator’s reelection.

The legislation narrowly cleared its test vote in the Senate late Saturday evening, allowing senators to begin debate.

Adapted from reporting by the Associated Press

DOGE’s Next Mission: Cutting ATF Regulations

Jose Nino
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DOGE’s Next Mission: Cutting ATF Regulations

(José Niño, Headline USA) Federal gun enforcement is bracing for its biggest shakeup in decades as the Trump administration and Department of Government Efficiency (DOGE) target over 50 ATF regulations and propose deep cuts to the agency’s workforce, according to a report by the Washington Post.

DOGE has sent staff to ATF to accelerate these changes, which initially targeted 47 rules as a nod to Donald Trump’s status as the 47th president but have since expanded.

The reforms are part of a broader plan to slash ATF’s budget by nearly a third and reduce its inspection force by about two-thirds—cutting 541 of the agency’s more than 800 inspectors.

“As Attorney General Bondi has made clear, ATF is working hard to reduce regulatory red tape that burdens lawful gun owners and to ensure agents are doing real police work hunting down criminals and gang members — not knocking on the doors of lawful gun owners in the middle of the night,” said Chad Gilmartin, a Justice Department spokesman.

Attorney General Pam Bondi has floated merging the ATF with the Drug Enforcement Administration, while some Republicans such as Rep. Eric Burlison, R-Mo., have called for abolishing the agency altogether, as noted in a prior Headline USA article.

The changes, if enacted, would be a major win for pro-gun groups who argue that ATF’s regulations infringe on Second Amendment rights. Guncontrol advocates, however, warn the cuts could make it easier for dangerous individuals to obtain firearms with little oversight.

Among the most significant changes is a planned overhaul of Form 4473, the federal paperwork required for gun purchases. The form would shrink from seven to as few as three pages, with many eligibility questions condensed into a single “yes” or “no” answer.

“People just need to be a little patient, give ATF chief counsel some time… But people will be pleased as we move forward, and I think we will see significant progress in correcting bad rulings,” said Larry Keane, general counsel for the National Shooting Sports Foundation.

Critics argue that with only a few hundred inspectors left, ATF’s ability to oversee gun dealers and manufacturers will be severely limited, potentially undermining efforts to trace firearms used in crimes. “These are devastating cuts to law enforcement funding and would undermine ATF’s ability to keep communities safe from gun violence,” said John Feinblatt, president of Everytown for Gun Safety.

José Niño is the deputy editor of Headline USA. Follow him at x.com/JoseAlNino 

Warren Buffett Announces $6 Billion in Donations to 5 Foundations

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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 delivered on Monday. Berkshire Hathaway owns Geico, Dairy Queen and a range of other businesses, and Buffett is donating nearly 12.4 million of the Class B shares of its stock. Those shares have a lower and easier-to-digest price tag than the company’s original Class A shares, and each of the B shares was worth $485.68 at their most recent close on Friday.

The largest tranche is going to the Bill & Melinda Gates Foundation Trust, which will receive 9.4 million shares. The Susan Thompson Buffett Foundation will receive 943,384 shares, and the Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation will each receive 660,366 shares.

Buffett made waves a year ago when he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his fortune.

Berkshire Hathaway’s Class B stock has climbed 19.1% over the last 12 months, topping the broad U.S. stock market’s return of 14.1%, including dividends. Buffett is famous on Wall Street for buying companies at good prices and being more conservative when prices look too high. The bargain-hunting approach has helped him amass a fortune worth about $145 billion, with basically all of it in Berkshire Hathaway’s stock.

“Nothing extraordinary has occurred at Berkshire; a very long runway, simple and generally sound decisions, the American tailwind and compounding effects produced my current wealth,” Buffett said in a statement. “My will provides that about 99½% of my estate is destined for philanthropic usage.”

Adapted from reporting by the Associated Press

 

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