Digital asset ETFs experienced heavy selling pressure last week as Bitcoin (BTC-USD) briefly dipped near $75K amid rising macro uncertainty and bond market stress.
From May 18 to May 22, spot Bitcoin ETFs recorded $1.26B in net outflows, according to
WASHINGTON — For much of President Trump’s second term, Republican senators have largely stayed in line, wary of the consequences of defying a president with a history of targeting those who cross him. This week, that dynamic noticeably shifted.
Senate Republicans blocked two of Trump’s legislative priorities, angered by the push to create a $1.8-billion federal fund to compensate people who claim to have been politically persecuted, including rioters who assaulted the Capitol on Jan. 6, 2021. The revolt forced Republican leaders to pull a planned vote on legislation to fund the president’s immigration crackdown and security features for the president’s White House ballroom project.
In response, the president defended the fund and lashed out at its critics.
“I gave up a lot of money in allowing the just announced Anti-Weaponization Fund to go forward,” Trump wrote in a post on Truth Social. “Instead, I am helping others, who were so badly abused by an evil, corrupt and weaponized Biden Administration, receive, at long last, JUSTICE”!
The president also called Republican senators who broke with him quitters who are “screwing the Republican Party.”
The friction, which has been building for weeks, is being watched as potential test to the limits of Trump’s grip on his party amid an already tense political environment heading into the midterm elections.
“This is kind of a perfect storm,” former Sen. Jeff Flake (R-Ariz.) said on NBC’s “Meet the Press.” “It may be that this time you can point to it and say this is when the great migration begins, away from some of the president’s policies and away from the fear that the president can target you.”
Whether this week marks the beginning of that moment — or simply another episode of political turbulence that fades — is the central question now handing over Trump’s second term.
Not the first break — but an escalation
This is not the first time Republicans have broken with the president. In November, Congress overwhelmingly voted to force the Justice Department to release of the Jeffrey Epstein files, an effort that Trump unsuccessfully tried to thwart for months.
The Epstein vote showed that on the right issue, under the right circumstances, Republicans could be moved to defy Trump. This week, the creation of the fund changed the circumstances again, and the number of Republican senators willing to act quickly grew.
This moment comes after months of rising costs during the war in Iran, efforts by the president to oust members of his own party and now a set of proposals that are proving hard to defend in an election year.
“What you have is basically a bunch of people who feel a bit under siege,” said Bob Olinksy, the senior vice president of Structural Reform and Governance at the Center for American Progress. “At the same time, they know that most of what the president is doing is unpopular, and they’re the ones who are going to be standing for reelection in November.”
Republicans push back
Senate Republicans leaders are now asking the Department of Justice to reconsider the terms of the fund, underscoring just how politically toxic the idea has become within the president’s own party.
Sen. Kevin Cramer (R-N.D.) told reporters that the politically speaking, the fund is “unexplainable.” Sen. Susan Collins (R-Maine) told the New York Times the fund should be in real trouble. Sen. Mitch McConnell (R-Ky) called the fund “utterly stupid” and “morally wrong.”
Sen. Thom Tillis, a North Carolina Republican whom Trump has singled out for going against him, was equally unsparing, saying he opposed “using billions of taxpayer dollars to compensate convicted felons and thugs who attacked police.” He also criticized the administration for pushing domestic and foreign policy issues that he says are bad for housing and the military.
“If opposing these things makes me a RINO [Republican In Name Only], then I gladly accept that nickname,” Tillis wrote on X. “We need Republicans to do well in November, but the stupid stuff is killing our chances!”
The Republican push back comes as the concern about self-dealing runs deep across the electorate.
A recent poll Economist/YouGov poll found that 59% of Americans believe Trump is using his office for personal gain, though that belief is sharply divided among partisan lines. A CNN poll found that 37% of Americans say Trump puts the good of the country above his personal gain, while 32% say he is in touch with the problems of ordinary Americans.
Asked if the political environment influenced the actions this week, Senate Majority Leader John Thune (R-S.D.) told reporters that there is a “political component to everything we do around here.”
Funds and tax immunity clauses
Senate Democrats are wondering if the fund will mark a watershed moment for Republicans.
“Have Republicans finally found a bridge too far?” Sen. Richard Durbin (D-Ill.) told reporters after Republicans left Washington without funding Trump’s priorities.
Democrats have called the fund an illegal abuse of power designed to line the pockets of Trump’s allies with taxpayer dollars. Sen. Chris Van Hollen (D-Md.) called it a “pure theft of public funds.”
The fund was created as part of a settlement resolving a $10-billion lawsuit Trump personally brought against the Internal Revenue Service over the leak of his tax returns. Alongside it, the deal says the IRS is “forever barred and precluded” from pursuing any tax claims against Trump and his businesses.
The fund, however, has been the target of most of the bipartisan ire. Mostly because Trump and administration officials have not ruled out that it could stand to benefit people who carried out violence during the Jan. 6 riot.
The public funds, if disbursed, would come from the federal judgment fund, which is a Congress-approved ongoing appropriation that allows the Justice Department to settle cases and make payouts. In the past, Republicans have taken issue with the fund. The GOP-controlled House Judiciary Committee characterized it an abuse in 2017.
Several of the president’s allies have already talked about tapping into the fund.
Former Proud Boys leader Enrique Tarrio, who was convicted of seditious conspiracy and later pardoned by Trump, told CBS News he would seek a payout from the fund.
“I was targeted,” Tarrio said. “And I do believe that this fund does apply to me.”
WASHINGTON — President Trump’s grip on his party slipped on Thursday as anger boiled over among Senate Republicans about a growing list of issues.
In a striking display of defiance, GOP senators abruptly derailed plans to vote on legislation to fund Trump’s immigration crackdown amid deep disagreements over security funding for a White House ballroom and a $1.8-billion fund to pay people who claim to have been politically persecuted.
The discontent had been building for weeks. Many senators had grown frustrated over Trump’s decision to endorse candidates running against longtime Republican incumbents.
Senate Majority Leader John Thune (R-S.D.) acknowledged the concerns over the fund Thursday after a reportedly contentious private meeting about it between Senate Republicans and acting Atty. Gen. Todd Blanche. He also conceded midterm politics had added to the tension.
“It’s hard to divorce anything that happens here from what’s happening in the political atmosphere around us,” Thune told reporters. “You can’t disconnect those things.”
A day earlier, Sen. Bill Cassidy, a Louisiana Republican who lost his primary race on Saturday to a Trump-backed challenger, expressed strong disagreement with the creation of the fund, which would be controlled by appointees without congressional oversight.
“People are concerned about paying their mortgage or rent, affording groceries and paying for gas, not putting together a $1.8 billion fund for the president and his allies to pay whomever they wish with no legal precedent or accountability,” Cassidy wrote on X. “If there needs to be a settlement, the administration should bring it to Congress to decide.”
Sen. Mitch McConnell (R-Ky.) also had harsh criticism for the fund.
“So the nation’s top law enforcement official is asking for a slush fund to pay people who assault cops? Utterly stupid, morally wrong — take your pick,” he said in a statement.
The discord was striking, partly because Republicans have largely steered clear of checking the president’s power, and Congress has been largely sidelined under the second Trump administration on the war in Iran and other issues.
“I don’t think the Republicans had any choice but to pull the plug until we come back in June, because they’re facing a bit of a mutiny within their conference,” Sen. Adam Schiff (D-Calif.) told The Times, saying he had heard that the meeting between Blanche and Republicans “didn’t go well.”
As tension simmered on the background, Trump seemed unbothered by the group of Republicans’ public rebellion against his agenda. When asked whether he was losing control of the Senate, he said he didn’t know.
“I only do what is right,” he told reporters in the Oval Office.
However, he expressed annoyance at lawmakers who would not support $1 billion in federal funding for security costs related to the ballroom project. He said the structure is being privately funded by him and other “great patriots.”
“We are making a gift to the United States,” Trump said. “This is being made as a gift from me and other people that are great patriots and spent a lot of money. We are building what will be the finest ballroom anywhere in the world.”
The $1 billion for security funding would be “very much a good expenditure,” he said. If Congress does not sign off on the money, Trump said the “White House won’t be a very secure place.”
Trump did not immediately comment on Thursday about the Senate’s delaying of the funding bill. The White House declined to comment on the matter.
Trump’s second-term actions have frequently tested the loyalty of Republican lawmakers, who have largely stayed in line. The settlement fund, with its ethical questions, appears to have crossed a line for some senators in a party that has traditionally opposed wasting taxpayer funds.
The money comes from the judgment fund, which is a Congress-approved ongoing appropriation that allows the Justice Department to settle cases and make payments.
Stephen Miller, a top aide to Trump, told reporters at the White House that the $1.8-billion settlement was “just a small measure of the justice” that many people are owed after being targeted by the federal government. Miller declined to say whether the White House was reaching out to senators to ease concerns about the fund.
Republicans in Congress decried the use of similar third-party settlements during the Obama administration, with House lawmakers repeatedly passing a bill aimed at stopping settlement slush funds, noted Molly Nixon, a senior fellow at the Cato Institute.
Though the Trump administration’s plan is novel because the settlement money isn’t going to a third party, the general concept has been offensive to Republicans in the past; the Republican-controlled House Judiciary Committee termed it an abuse in 2017.
“If you’re taking a consistent view, you’d be at least equally as opposed to this settlement,” Nixon said of Republican lawmakers.
That could be driving some of the opposition now, along with concerns about who is going to get the money and whether it could be distributed to people who wouldn’t have been able to make a successful case before a court of law, Nixon said.
“The fund is going to plaintiffs who were victims of lawfare or weaponization. … Those are pretty ambiguous terms. They’re sort of in the eye of the beholder,” Nixon said. “It’s pretty easy to see how this could very easily become a quiet political claims process.”
Police officers who defended the U.S. Capitol during the Jan. 6, 2021, riot have already filed a federal lawsuit seeking to block the creation of the fund, arguing in part that it would compensate extremist convicted of committing violent crimes.
“The fund’s mere existence sends a clear and chilling message: those who enact violence in President Trump’s name will not just avoid punishment, they will be rewarded with riches,” the lawsuit says.
When Trump returned to office in January 2025, one of his first acts was pardoning or commuting the prison sentences of the 1,500 people who were charged in connection with the attack. Vice President JD Vance on Wednesday did not rule out that settlement money could go to those rioters, saying the money would be given out on a “case-by-case basis.”
Thune told reporters on Thursday that the Justice Department would have to come up with some guardrails to ease concerns among senators.
“We need to get some clarity,” he said.
Though the number of Republicans angry with Trump is significant enough to make or break legislation, the caucus appeared far from falling apart.
Senate Republicans blocked an attempt by Sen. Alex Padilla (D-Calif.) on Thursday to pass a bill to prohibit federal funds from reaching Jan. 6 rioters, an attempt to prevent the fund from being used to compensate them.
“I’m encouraged hearing some of my Republican colleagues agreeing with me,” Padilla said on the Senate floor. “Let’s stand up for congressional oversight as a unified Senate.”
Sen. Tommy Tuberville (R-Ala.) objected to Padilla’s bill, later writing on X: “PROUD to object today to Senator Padilla’s RIDICULOUS bill and stand up for ALL FREEDOM-LOVING AMERICANS.”
Schiff, who is working on an amendment that would target the fund, said other Republican colleagues he spoke to Wednesday evening were unhappy with the position Trump has put them in. He said Trump’s actions have helped underscore Democrats’ arguments against his party.
“All [it’s] doing is helping us make the case that the Republicans couldn’t care less about people’s cost of living … that there’s plenty of money for golden ballrooms for the president, there’s plenty of money for the president’s cronies, but there’s no money for the average family,” Schiff said.
WASHINGTON — Senate Republicans appeared increasingly unlikely to meet their self-imposed deadline for passing a roughly $70-billion immigration enforcement bill this week as disputes over security funding for the White House and the Trump administration’s $1.8-trillion settlement fund effectively derailed progress.
Republicans were already expected to abandon $1 billion in security money for the White House complex and President Trump’s ballroom amid backlash from members of their own party. But then questions about the settlement fund added to some of the senator’s concerns. They are questioning who would get the money.
Republican senators met with acting Atty. Gen. Todd Blanche on Thursday as they worked to finalize the bill’s text and whether to put parameters on the settlement, which was designed to compensate Trump’s allies who believe they have been politically persecuted. Sen. John Thune (R-S.D.) told reporters that senators had questions and wanted to know “how we might make sure that it’s fenced in appropriately.”
But senators who emerged from the meeting were tight-lipped and indicated that lawmakers would not hold a vote on the package before leaving Washington for a Memorial Day break, risking failure to meet Trump’s June 1 deadline.
Asked about a vote this week, Sen. Susan Collins (R-Maine) responded, “I don’t even know.” Sen. John Kennedy (R-La.) was more blunt: “We’re going home,” he said.
The last-minute scramble comes as Democrats have criticized Republicans for trying to fund Trump’s ballroom when voters are concerned about basic affordability issues — and as some GOP lawmakers have grown increasingly frustrated with Trump. Several GOP senators have spoken out against the settlement, which was announced this week, and many were upset by the president’s endorsement Tuesday of Texas Atty. Gen. Ken Paxton in the party primary runoff next week against Sen. John Cornyn.
Asked Thursday at the White House if he was losing control of the Senate, Trump replied: “I don’t know, I really don’t know. I can tell you — I only do what’s right.”
Possible parameters on Trump’s settlement fund
The “anti-weaponization” fund, part of a settlement that resolves Trump’s lawsuit against the IRS over the leak of his tax returns, unexpectedly became one of the main complications in the bill. Democrats said they would force votes to block it or place restrictions on it.
Democrats have an opening because Republicans are trying to pass the immigration enforcement bill through a complicated budget process that requires a long series of amendment votes. Democrats are considering multiple amendments, potentially to block that new fund outright or to ban any payments to Trump supporters who harmed law enforcement officers in the Jan. 6, 2021, attack on the Capitol.
Presenting a united front, Democrats from both the House and Senate rallied on the Capitol steps Thursday to show their opposition. Senate Democratic leader Chuck Schumer of New York said the amendment process “will give Republicans countless chances to do the right thing.”
He added that if they declined to make changes, it would show voters that “Ballroom Republicans are not working for you, they are busy fighting for Trump.”
Those amendments, along with others, could pass as a growing number of Republicans have voiced reservations about the fund. So Republicans are now discussing their own last-minute additions to head that off, potentially placing some parameters on the settlement and who could receive compensation, according to two people with knowledge of the private discussions who requested anonymity to discuss them.
It was unclear how any Senate changes would be received in the House. House Speaker Mike Johnson (R-La.) said Wednesday that the House will pass the bill “whatever form it takes.”
Tensions rise between Senate and White House
As Republicans challenged the settlement and parts of his agenda, Trump unloaded on the Senate in a social media post on Wednesday.
He urged Republicans to fire the Senate parliamentarian, Elizabeth MacDonough, who said over the weekend that parts of the $1-billion security proposal cannot remain in the ICE and Border Patrol bill. Trump also renewed his long-standing calls for the Senate to pass the SAVE Act, a Republican bill that would require all voters to prove U.S. citizenship, and to end the Senate filibuster.
Republicans need to “get smart and tough,” Trump said, or “you’ll all be looking for a job much sooner than you thought possible!”
While they have been loyal to Trump on most issues, Senate Republicans have resisted his repeated calls — even in his first term — to kill the filibuster, which triggers a 60-vote threshold in the Senate.
Hanging over the growing GOP rift is Trump’s surprise endorsement of Paxton. That intervention has Republican senators privately fuming that it could cost them their majority in November as they view the incumbent, Cornyn, as the better candidate in the November general election.
Secret Service request falters
Under the Secret Service’s request, about $220 million would fund security improvements related to the ballroom. The rest would go for a new screening center for visitors, training and other security measures.
Sen. Thom Tillis (R-N.C.) said the effort to add the security package to the bill was a “bad idea.” The bill should not have included the other security improvements, he said, “because it’s just giving everybody the ‘billion-dollar ballroom.’”
Several other Republicans in the House and Senate have questioned the request, and senators left a briefing with the director of the Secret Service last week saying they needed a lot more information.
People “can’t afford groceries and gasoline and healthcare, and we’re going to do a billion dollars for a ballroom?” asked Louisiana Sen. Bill Cassidy, who lost reelection in his GOP primary on Saturday after Trump endorsed one of his opponents.
Left in the bill is the money for ICE and Border Patrol, which Democrats have blocked for months in protest of the administration’s immigration enforcement crackdown.
Democrats demanded changes for the agencies, but negotiations with the White House yielded little progress. So Republicans are using the complicated budget maneuver called reconciliation — the same process that allowed them to pass Trump’s tax and spending cuts bill last year — to fund the agencies through the end of Trump’s term with a simple majority and no Democratic votes.
Still, passage requires sign-off from the parliamentarian and unity from Republicans.
Jalonick, Freking and Groves write for the Associated Press. AP writers Collin Binkley, Lisa Mascaro and Joey Cappelletti contributed to this report.
WASHINGTON — Two police officers who helped defend the U.S. Capitol from an attack by a mob of President Trump’s supporters sued on Wednesday to block anyone — including Jan. 6, 2021, rioters — from receiving payouts from a new $1.776-billion settlement fund for people who claim to be victims of politically motivated prosecutions.
The officers’ attorneys filed the federal lawsuit a day after acting Atty. Gen. Todd Blanche defended the fund’s creation during a congressional hearing. Blanche, a personal attorney for Trump before joining the Justice Department, wouldn’t rule out the possibility that rioters who assaulted police on Jan. 6 would be eligible for fund payouts.
The lawsuit claims the government’s “Anti-Weaponization Fund” is an illegal slush fund that Trump will use to “finance the insurrectionists and paramilitary groups that commit violence in his name.” It describes the fund’s creation as “the most brazen act of presidential corruption this century” and calls for dissolving it.
“No statute authorizes its creation, the settlement on which it is premised is a corrupt sham, and its design violates the Constitution and federal law,” the suit says.
The fund stems from a settlement of Trump’s $10-billion lawsuit against the IRS over the leak of his tax returns. It’s designed to compensate those who believe they were mistreated by prior administrations’ Justice Department. Decisions on payouts will be made by a five-member commission appointed by the attorney general.
More than 100 police officers were injured during the Capitol riot. Nearly 1,600 people were charged with Jan. 6-related crimes, but Trump used his pardon powers to erase all of those cases in a sweeping act of clemency last year.
The plaintiffs suing Trump over the fund are Metropolitan Police Department officer Daniel Hodges and former U.S. Capitol Police officer Harry Dunn, who is running in Maryland for a seat in Congress. Hodges and Dunn both testified before Congress about their harrowing experiences on Jan. 6. Videos captured a rioter ripping a mask off Hodges as he was pinned against a door during a fight for control of a tunnel entrance.
The officers claim the fund “encourages those who enacted violence in the President’s name to continue to do so.”
“Dunn and Hodges already face credible threats of death and violence on regular basis; the Fund substantially increases the danger,” the suit alleges.
On Tuesday, members of Congress peppered Blanche with questions about the fund. He described it as “unusual” but not unprecedented. Blanche failed to acknowledge that Trump’s Justice Department has investigated and prosecuted some of the Republican president’s political enemies, including former FBI Director James Comey and New York Atty. Gen. Letitia James.
Blanche and Treasury Secretary Scott Bessent also are named as defendants in the officers’ lawsuit. Spokespeople for the Justice and Treasury departments didn’t immediately respond to requests for comment on the suit.
One of the attorneys for the officers is Brendan Ballou, a former Justice Department prosecutor who handled Jan. 6 cases.
May 19 (UPI) — Vice President JD Vance took questions from reporters Tuesday at a White House press briefing
, reiterating President Donald Trump‘s repeated assertion that the conflict in Iran is meant to keep the country from developing a nuclear weapon but that it is “not a forever war.”
“We want to keep the number of countries that have nuclear weapons small, and that’s why Iran cannot have a nuclear weapon,” he said during the briefing, “on top of all the other things that we might be worried about, that they themselves could use it, that they could use it in leverage and economic control or economic negotiations.”
Vance was the second person, following U.S. Secretary of State Marco Rubio, to stand in for White House press secretary Karoline Leavitt, who is on maternity leave.
Iran was a dominant topic of the briefing. Vance said the United States has made progress in negotiations despite Iran’s position being “fractured,” but that U.S. forces are ready to attack again if necessary.
“We’re going to take care of business and come home,” he said.
Rubio and Vance are both considered presidential candidate contenders for Republicans in 2028, but the vice president demurred at a question
suggesting the press briefing role could be a sort of audition for candidacy.
“I’m a vice president,” he said. “I really like my job, and I’m going to try to do as good a job as I can.”
Vance also dealt with questions about the Justice Department’s new $1.776 billion “anti-weaponization fund,” which was created to compensate those who say they were unfairly targeted by former presidential administrations.
Some officials have criticized the fund as a way for the government to pay Trump allies who say they were targeted during the Biden administration. Earlier Tuesday, acting Attorney General Todd Blanche said he could not rule out payments to convicted Jan. 6 rioters.
“We’re not trying to give money to anybody who attacked apolice officer,” Vance said at the briefing. “We’re trying to compensate people where the book was thrown at them, they were mistreated by the legal system.”
WASHINGTON — The U.S. government will permanently drop tax claims against President Trump, according to a settlement document that is part of a deal to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns.
As part of the settlement agreement, the U.S. is “forever barred and precluded” from examining or prosecuting Trump, his sons and the Trump organization’s current tax issues, according to a one-page document posted to the Justice Department’s website on Tuesday.
The settlement, which marks an extraordinary use of executive power, goes beyond resolving litigation and effectively helps shield the president from further examination of his finances and legal conduct.
The move comes after the Trump administration announced Monday the creation of a nearly $1.8 billion fund to compensate allies of the Republican president who believe they have been unjustly investigated and prosecuted, an arrangement that Democrats and government watchdogs derided as “corrupt” and unconstitutional.
The “Anti-Weaponization Fund” of $1.776 billion will allow people who believe they were targeted for prosecution for political purposes, including by the Biden administration Justice Department, to apply for payouts, creating what acting Atty. Gen. Todd Blanche called “a lawful process for victims of lawfare and weaponization to be heard and seek redress.”
Blanche, who was grilled by lawmakers on Capitol Hill on Tuesday, would not rule out the possibility that people who carried out violence during the Jan. 6, 2021, riot at the U.S. Capitol will be considered for payouts from the new fund.
Democratic lawmakers and ethics watchdogs slammed the creation of the fund, saying it was corrupt, opaque and had the potential to become a “slush fund” for the president and his allies.
Sen. Ron Wyden, D-Ore., said Democrats intend to “fight every element of this self-dealing settlement.”
“Not only is this another heinously corrupt act by the most corrupt administration in history, it’s clearly a violation of the law that prohibits interference by executive branch officials in IRS audits.”
The fund was announced after Trump, his sons Eric Trump and Donald Trump Jr., and the Trump Organization agreed to drop their lawsuit against the IRS and the Treasury Department. The lawsuit alleged that a leak of confidential tax records caused them reputational and financial harm and negatively affected their public standing, among other allegations.
According to a separate settlement agreement posted to the Justice Department website Monday, Trump will receive a formal apology from the U.S. government but “will not receive any monetary payment or damages of any kind,” from the settlement.
Trump told reporters at the White House on Monday that the fund is dedicated to “reimbursing people who were horribly treated.”
WASHINGTON — Acting Atty. Gen. Todd Blanche on Tuesday wouldn’t rule out the possibility that people who carried out violence during the Jan. 6, 2021 riot at the U.S. Capitol will be considered for payouts from a new $1.776 billion fund to pay individuals who believe they were targeted politically.
Pressed during a Congressional hearing over whether those who assaulted police officers would be eligible for compensation from the “Anti-Weaponization Fund,” Blanche responded that all people can apply if “they believe they were a victim of weaponization.” The acting attorney general also refused to say whether he would direct those responsible for deciding who receives payments — a commission whose members he is tasked with appointing — to restrict funds to those convicted of violence.
“What I will commit to is making sure that the commissioners are effectively doing their jobs, and that includes setting guidelines as you’re describing,” Blanche told Sen. Jeff Merkley, an Oregon Democrat. The decisions on payouts will be made a five-member commission appointed by the attorney general.
Appearing before Congress for the first time since taking the reins of the Justice Department last month, Blanche was peppered with questions about the fund announced on Monday to compensate those who believe they were mistreated by prior administrations’ Justice Department. Blanche said the fund was “unusual” but not unprecedented, adding that those who benefit will not be limited to Republicans or to people who were investigated or prosecuted by the Biden administration. At one point, Blanche said President Joe Biden’s son, Hunter — who faced gun and tax prosecutions under his father’s administration — could also apply.
Blanche defends $1.8 billion fund
Tuesday’s hearing was meant to address the Trump administration’s budget request for the Justice Department but quickly delved into other controversies that have escalated concerns about the erosion of the law enforcement agency’s tradition of independence from the White House. Blanche defended the creation of the fund without any acknowledgment that the Trump administration has pursued investigations of Trump’s political opponents, sparking criticism that the department is being weaponized in precisely the same way they allege it was under Biden’s administration to prosecute Trump.
In the weeks since assuming control of the Justice Department after Pam Bondi’s firing, Blanche has moved aggressively to advance the president’s priorities — pushing forward cases against Trump’s political foes, cracking down on leaks to media outlets and establishing the new fund to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns.
Democrats described it as an illegal abuse of power designed to line the pockets of Trump supporters with taxpayer dollars. Sen. Chris Van Hollen, the top Democrat on the Senate appropriations subcommittee holding the hearing, blasted the move as a “pure theft of public funds.”
“Rewarding individuals who committed crimes is obscene,” the Maryland Democrat said. “Every American can see through this illegal, corrupt, self-dealing scheme.”
The fund is in keeping with Trump’s long-running claims that the Justice Department during the Biden administration was weaponized against him, even though then-President Biden himself was investigated during that time and his son was prosecuted. Merrick Garland, who served as attorney general during the Biden administration, has repeatedly denied allegations of politicization and has said his decisions followed facts, the evidence and the law.
Trump administration has been rewriting the history of Jan. 6
The mere possibility that violent rioters at the Capitol could be considered for payouts is consistent with a Trump administration pattern of rewriting the dark history of Jan. 6, a trend that began when the president pardoned and commuted the prison sentences of the participants in the melee and that continued with the Justice Department firing some prosecutors who put them behind bars.
Under questioning from Merkley, Blanche said that he “will definitely encourage the commission” responsible for deciding on the payouts to “take everything into account.” But when asked whether he believes those convicted of violence should be entitled to compensation, Blanche said: “My feelings don’t matter.”
When Merkley suggested that Trump was using the Justice Department to target his political enemies, Blanche replied that this was precisely the sort of “disgusting” behavior of the Biden administration that the fund was meant to address.
“That is completely inappropriate and wrong,’ Merkley said. “There is no comparison to the absolute fair minded pursuit of justice under the previous administration, and this administration’s pursuit of an enemies list.”
Questions over the meaning of ‘weaponization’
In announcing the fund Monday, the Trump administration did not name specific individuals who might stand to benefit from it. The money itself would come from the federal judgment fund, which pays out court judgments and compromise settlements of lawsuits against the government.
Blanche told lawmakers that the Justice Department is committed to “full transparency” in providing public information about beneficiaries of the new fund.
“It’s not limited to Republicans. It’s not limited to Democrats. It’s not limited to January 6th defendants. It’s limited only by the term weaponization,” Blanche said, though the administration has not said how it will define “weaponization.”
Meanwhile, there were signs of discomfort about the fund even among some Republican members of Congress. Senate Majority Leader John Thune told reporters that he’s “not a big fan,” adding that he isn’t sure how the administration intends to use it, but doesn’t “see a purpose for that.”
Thune’s comments come after Louisiana Sen. Bill Cassidy, who lost reelection in a GOP primary on Saturday, called it a “slush fund.”
“We are a nation of laws,” Cassidy said. “You can’t just make up things.”
Richer and Tucker write for the Associated Press. AP reporter Mary Clare Jalonick in Washington contributed to this report.
United States President Donald Trump has withdrawn his $10bn lawsuit against the Internal Revenue Service (IRS) stemming from a leak of his tax returns and said his administration will create a $1.77bn anti-weaponisation fund that would compensate some of Trump’s political allies.
The court filing, released on Monday in Florida, did not disclose the terms of the deal, including whether either party settled.
Recommended Stories
list of 4 itemsend of list
However, the Department of Justice (DOJ) on Monday announced the establishment of a $1.77bn fund called the Anti-Weaponisation Fund that would “provide a systematic process to hear and redress claims of others who suffered weaponisation and lawfare”.
The DOJ said in its press release that it was part of the settlement agreement.
ABC News first reported last week that the president was prepared to drop the lawsuit as part of a deal that would create the fund to pay Trump allies who were perceived as wrongly investigated and prosecuted.
Trump, his adult sons Donald Trump Jr and Eric Trump, and the Trump Organization sued the IRS in January, arguing the agency should have done more to prevent a former contractor from disclosing their tax returns to media outlets during the president’s first term.
The case arose from former IRS contractor Charles Littlejohn’s leak of Trump’s tax returns to media outlets, including the New York Times and ProPublica, in 2019 and 2020.
Those returns showed that Trump paid little or no income taxes in many years, the Times reported in 2020.
Prosecutors charged Littlejohn in 2023 with leaking tax records of Trump and thousands of other wealthy Americans to the media, saying he was motivated by a political agenda. Littlejohn later pleaded guilty to improper disclosures, and a judge sentenced him to five years in prison.
Trump filed the lawsuit personally, not in his official capacity as president.
Political pushback
While the court filing did not mention the terms of any potential deal, news that the president would create a fund to protect his political allies sparked backlash.
Representative Jamie Raskin, a Democrat from Maryland, called the idea “unconstitutional”.
“This, of course, is a political grievance fund that Donald Trump can use to pay off his friends,” Raskin, the top Democrat on the House Judiciary Committee, said in an interview on Sunday with the ABC News programme This Week.
“If these people have a valid cause of action, they should bring it to the court like every other American does, and use the system of due process, and prove things by clear and convincing evidence, or a preponderance of evidence. Go and prove it. But the idea that Donald Trump can just pass it out like a pardon is absurd,” he said.
California Governor Gavin Newsom also criticised the president amid reports of the deal.
“Donald Trump wants to settle his joke lawsuit against his own IRS department to hand out $1.7 BILLION of OUR TAX DOLLARS to Jan. 6th insurrectionists and his cronies,” Newsom said in a post on X.
“It is an outrage that the American taxpayers are having to pay for this and that we have a president who is exercising such open corruption in front of everyone and expecting us to go along with it,” Representative Pramila Jayapal, a Democrat from Washington state, told the progressive MeidasTouch network.
Despite the criticisms, it is not clear who would specifically benefit from the funds.
Trump has long claimed that the DOJ under his predecessor, President Joe Biden, a Democrat, was weaponised against him, pointing to the criminal charges where he faced allegations that he conspired to overturn the results of the 2020 presidential election, which Trump lost by more than seven million votes, and that he retained classified documents at his Mar-a-Lago estate.
Merrick Garland, the attorney general during the Biden administration, denied allegations of politicisation. The Justice Department also investigated prominent Democrats, including Biden’s son Hunter Biden and former US Senator Bob Menendez, a Democrat from New Jersey.
“The machinery of government should never be weaponised against any American, and it is this Department’s intention to make right the wrongs that were previously done while ensuring this never happens again,” said Acting Attorney General Todd Blanche said in a release.
However, the Trump administration has actively pursued cases against perceived political enemies, including former FBI director James Comey and former Federal Reserve Chairman Jerome Powell, Fed Governor Lisa Cook, New York Attorney General Letitia James, Arizona Senator Mark Kelly, and California Senator Adam Schiff.
The DOJ said that there is legal precedent for the fund, pointing to a programme called “Keepseagle” under the administration of former US President Barack Obama, a Democrat. That created a fund to address allegations of racism against the federal government.
The White House referred Al Jazeera to the DOJ for a request for comment. The DOJ did not respond.
The government watchdog group Citizens for Responsibility and Ethics (CREW) announced on X that it would be investigating how the funds would be used.
“While Americans are struggling with an affordability crisis, President Trump plans to use nearly $1.8bn in taxpayer money to pay off his friends and allies—including potentially the violent insurrectionists who attacked the Capitol on January 6th,” CREW’s president, Donald K Sherman, said in a statement provided to Al Jazeera.
“By settling his absurd $10bn lawsuit against his own administration, Trump and the Justice Department just engaged in the most brazen act of self-dealing in the history of the presidency, and did so quickly in order to avoid the scrutiny of the judicial process, while quite likely violating the Constitution’s Domestic Emoluments Clause in the process. This is one of the single most corrupt acts in American history.”
A long time coming
Lawyers for the president asked a federal judge in April to pause the case for 90 days while the two sides worked to reach a settlement or resolution.
“This limited pause will neither prejudice the parties nor delay ultimate resolution,” the filing in April said. “Rather, the extension will promote judicial economy and allow the Parties to explore avenues that could narrow or resolve the issues efficiently.”
When asked in February how he would handle any potential damages from the case, Trump said, “I think what we’ll do is do something for charity.”
“We could make it a substantial amount,” he said at the time. “Nobody would care because it’s going to go to numerous very good charities.”
The litigation against the IRS raised novel legal questions, including conflicts of interest, about whether a president can sue his own government. It is not clear if the judge will accept Trump’s withdrawal of the case.
Under the US Constitution, federal courts may only hear genuine disputes between litigants with opposing stakes in the outcome.
US District Court Judge Kathleen Williams in Miami, who oversees Trump’s lawsuit, wrote last month that it was unclear whether the parties to the lawsuit were “truly antagonistic to each other”.
Williams had set a court hearing for May 27 to hear arguments on whether she should dismiss the case on those grounds.
WASHINGTON — President Trump on Monday moved to withdraw his $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns after reports that his administration was poised to create a fund to compensate some of his allies.
The disclosure was made in a filing in federal court in Florida, where the lawsuit was filed last year.
ABC News first reported last week that Trump was prepared to drop his lawsuit as part of a deal that would create a $1.7 billion fund to pay allies of the president who believe they were wrongly investigated and prosecuted.
The court filing did not mention terms of any potential deal.
News that the Trump administration was contemplating a fund to pay Trump allies drew an immediate backlash from Democrats, including Rep. Jamie Raskin, who called the idea “unconstitutional.”
“This, of course, is a political grievance fund that Donald Trump can use to pay off his friends,” Raskin, the top Democrat on the House Judiciary Committee, said in an interview Sunday on ABC’s “This Week.”
“If these people have a valid cause of action, they should bring it to the court like every other American does, and use the system of due process, and proving things by clear and convincing evidence, or a preponderance of evidence, go and prove it. But the idea that Donald Trump can just pass it out like a pardon is absurd,” he added.
It was not immediately clear who precisely will stand to benefit from the fund but its creation reflects Trump’s long-running claims that the Biden administration Justice Department was weaponized against him.
He has cited as proof the since-dismissed criminal charges he faced between his first and second terms of conspiring to overturn the results of the 2020 presidential election he lost and of retaining classified documents at his Mar-a-Lago estate in Florida. Several aides of his were also prosecuted, as were hundreds of Trump supporters who stormed the U.S. Capitol on Jan. 6, 2021.
Merrick Garland, who served as attorney general during the Biden administration, has repeatedly denied allegations of politicization and has said his decisions followed facts, the evidence and the law. His Justice Department also investigated Biden for his handling of classified information and brought separate tax and gun prosecutions against Biden’s son Hunter.
Nonetheless, Trump’s current Justice Department has actively pursued the president’s retribution campaign and grievances, bringing criminal charges against some of his perceived adversaries and initiating a wide-ranging investigation that aims to establish a years-long conspiracy between law enforcement and intelligence officials to destroy Trump’s political prospects and keep him power.
No charges have been brought in that investigation and it is not clear that any ever will be.
Trump filed a lawsuit earlier this year in a Florida federal court, alleging that a previous leak of his and the Trump Organization’s confidential tax records caused “reputational and financial harm, public embarrassment, unfairly tarnished their business reputations, portrayed them in a false light, and negatively affected President Trump, and the other Plaintiffs’ public standing.”
The president’s sons, Donald Trump Jr. and Eric Trump, are also named plaintiffs in the suit.
Hussein, Tucker and Richer write for the Associated Press.
Romero is a founding member of the Mano a Mano initiative. (Venezuelanalysis)
Liccia Romero is a prominent biologist and professor at the University of the Andes (ULA) in Mérida. Her academic and organizational work has been centered on the scientist-campesino alliance, in defense of food sovereignty and biodiversity in the páramo region, and in opposition to the logic of agribusiness.
In this interview, Romero discusses the challenges and achievements of the Mano a Mano (“Hand in Hand”) Agroecological Market, a grassroots initiative founded in 2010 that connects producers and consumers in Venezuela’s Andean region. She also talks about projects to expand agroecology, coordination with state institutions, and the importance of Venezuela’s Seed Law.
How have the producers at the Mano a Manomarket experienced the revival of this space given the pandemic and the economic blockade, and what strategies have they employed to adapt to Venezuela’s current reality?
The combination of the blockade and the pandemic beginning in 2020 brought about a shift in Mano a Mano’s dynamics. We had a biweekly delivery system organized around prepaid orders, with a production rhythm established after 10 years of uninterrupted work.
We never even stopped during the guarimbas [insurrectionary opposition protests]. We always organized ourselves to hold the market every other Saturday and make our deliveries. And then, suddenly, the pandemic interrupted our activity with the lockdown. Later, although mobility restrictions were gradually eased, there were fuel shortages. This forced producers to employ various strategies, such as starting to sell directly from their farms.
For a time, Mano a Mano had a four-wheel-drive vehicle, thanks to support from the Ministry of Science and Technology, which helped with our distribution. Producers from remote areas would bring their harvests to a common location. This made it possible to organize a more feasible distribution route.
Another important development was that producers began transforming farm products into processed foods, with a longer shelf life. In this way, they reduced their reliance on delivering fresh produce and began processing a portion of it using various techniques. This slightly altered the profile of the production units.
Several Mano a Mano producer families have ventured into this field with great success, even creating lines of processed products. What’s interesting is that they not only process what they produce but can also source from nearby production units.
These are the strategies that have allowed people to sustain themselves. In other cases, smaller producers began selling at markets near their plots. There were also some who retired, or left production to their children, who no longer followed the agroecological methodology.
When we resumed the distribution events last June, the producers were able to organize quickly and establish a monthly delivery system with a different model, no longer based on prepayment. We have not been able to reorganize that way because that prepayment model relies on a level of income that has disappeared in Venezuela and for which there are still no signs of recovery.
Nevertheless, we continue with these monthly deliveries, which are tailored to the preferences of a number of families who have always supported us and who returned when we relaunched the agroecological markets.
Small plot assigned to Mano a Mano as part of its collaboration with the Agriculture Ministry. (Mano a Mano)
What is the profile of the producers who make up the Mano a Mano network, and how does this initiative bridge the gap between rural and urban areas?
Since Mano a Mano defines itself as a local production and consumption network with the city of Mérida as its hub, most of the producers who bring their products to the market are located in the state’s coffee-growing and livestock-raising regions.
This is an area located between 1,000 and 1,800 meters above sea level, where agroforestry crops and some short-cycle crops typical of this environment predominate. For example, in the drier areas, bell peppers, onions, and tomatoes are grown. In wetter areas, we have agroforestry systems with coffee and bananas. There are also unconventional crops that are native to this region such as sacha inchi, yacon, and chachafruto. We are trying to introduce them in our distributions.
Some people have had great success producing yacon honey, primarily for consumers with medical conditions like diabetes. Flours, such as chachafruto flour, are also processed for those seeking gluten-free foods. Additionally, we have sacha inchi, an innovative food that can be used to create novel recipes by combining it with coffee and cacao.
We also have production units at greater altitudes dedicated to growing root vegetables, such as potatoes and carrots, as well as vegetables.
Producers who are part of agroecological circuits contact us, and we establish connections so that some of them can coordinate with various local producers, bring the products, and be present at the market. In this way, we minimize travel as much as possible. The idea is not to exceed a radius of 90 km [from Mérida city]. That is the distance we believe is most reasonable for everything to work well.
Previously, Mano a Mano was organized through in-person assemblies, but currently, these interactions take place mainly in digital spaces. We have a group with the producers registered in the organization, where we plan delivery dates, conditions, and prices. Not all producers can join this group. Rather, each member has undergone a verification process on their farms and agrees to regular visits to monitor their production process.
Our goal is to hold in-person meetings two or three times a year to make decisions, such as undertaking new projects. On the administrative side, we have a board of directors that is institutionally responsible for the agreements we enter into. For example, the one we currently have with the Ministry of Agriculture.
What agroecological and traditional campesino techniques do Mano a Mano producers use for planting, soil management, and pest control, and how do they maintain productivity and quality?
There are several basic principles. The main strategy is diversification. We must move as far away from monocultures as possible. The more diverse the system, the better. It will offer many advantages in the face of technical, production, and market challenges.
What is the basis of that diversification? Seed diversity –open-pollinated seeds. That is why, at Mano a Mano, we promote and are part of all movements in favor of open-pollinated seeds and against privatization. Free seeds, in the hands of campesino families, stand in opposition to all processes of seed control. These two strategies –open-source seeds and crop diversification –form the foundation.
Then there are specific techniques. For example, depending on the circumstances, intensive soil revitalization and recovery processes can be carried out using mountain microorganisms, or as some call them, efficient microorganisms.
There is also the use of organic fertilizers and the entire process of planning planting, management, and harvesting with a preventive approach to diseases and pests. The other strategy is consumer education,that is, teaching consumer families that their consumption should align with production cycles. Certain harvest times are more favorable for specific products.
On the other hand, depending on the circumstances, we have worked on implementing water-saving techniques in semi-arid areas and techniques to prevent erosion. We have also worked on the use of mulch and crop rotation as mechanisms to regenerate and protect soils. Depending on the area, we have used contour farming, minimum tillage, recycling, the use of crop residues, and on-site fertilizer production.
Liccia Romero (second from right) in a Mano a Mano distribution event. (Mano a Mano)
How does the recent support from the Ministry of Agriculture align with the autonomy and self-management nature of the Mano a Mano market, and what mechanisms have its members created to preserve their grassroots organization?
The question is interesting because we were the ones who sought that alliance, as we believe that the work we do should have an impact and win over those responsible for public policies.
One way to achieve this was to reach an agreement to occupy an office space and a garden at the Ministry, as well as to carry out joint activities: product exchange events, workshops, festivals, fairs, etc. Additionally, this is where the research projects supported by the Ministry of Science and Technology are carried out.
The most important thing right now is an initiative of participatory agroecological certification. We are developing a methodology to rigorously comply with this certification, so that we can issue seals endorsed by both government agencies and private entities.
Our collaboration with the Agriculture Ministry is based on mutual respect and collaboration. We focus on what we have in common, not on our differences.
We know that Mano a Mano is more than just a market. What other projects are currently underway?
Participatory agroecological certification is one of those projects that extends beyond Mano a Mano. Our idea is for this certification to serve as a tool for other agroecological hubs and campesino communities that want to establish sovereign certification processes.
In other words, we’re not interested in traditional corporate certification,which involves payments to companies or private certifiers,but rather in certifications that foster self-organization and self-management.
That is the methodology we are interested in, and we are now trying to establish links with other national organizations so that, once we have completed and submitted the respective reports to FONACIT [national science fund] and the Ministry of Science and Technology, we can democratize and share this proposal to begin transferring it to other spaces.
These are some of the things we promote: training programs in partnership with universities, the Institute of Environmental and Ecological Sciences, the graduate program in Agroecology at Simón Rodríguez University, etc.
Another initiative we carry out in partnership with other organizations is the Native Potato Ecofestival, an annual event now in its 14th year. This event takes place at the end of the year, in December, and not only celebrates the potato harvest but also showcases all the work done throughout the year, sharing it and promoting it on a national level.
We invite students, cooks, and farmers to create a space for community, but also for presentations, knowledge transfer, and seed distribution. It has the support of partner networks such as PROINPA, the universities I mentioned, and other local seed producers and agroecological organizations.
Native potato varieties from the Venezuelan Andes. (Archive)
Given the challenges small-scale campesinos face in a market dominated by agribusiness, does agroecologyrepresent a real alternative? What policies would be needed to make it viable in the current context?
I think we need a funding policy for agroecological initiatives, and there hasn’t been one for a long time. So it’s often said that agroecology only works on a small scale. It only works on a small scale because there is no large-scale support in agroecology.
If the available land isn’t the best, if people lack financing and have barely any access to basic resources like water and seeds, you can’t expect high yields. What we also need are policies that recognize the self-managed processes of agroecology as opposed to subjecting them to the savage capitalist market.
If a producer, after all the effort, rigor, and sacrifice, obtains a product but lacks a properly identified marketing and distribution channel, that product is lost. We must create conditions for these agroecological products, including health permits, because it makes no sense for contaminated products to have an easier ride.
We need these regulations and laws to be updated and adapted to our circumstances so that they become tools for progress rather than obstacles. The same applies to participatory agroecological certification: it is not a mechanism for control, but rather for promoting and facilitating the agroecological transition.
Furthermore, Venezuelan food policy and jurisprudence should begin to protect non-polluting agriculture that promotes resource conservation. Because it often happens that an agroecological area, or even an organic or biodynamic one, is surrounded by production units that use methods threatening that agroecological production, and Venezuelan jurisprudence and laws favor those who pollute over those trying to produce in a healthy way.
In fact, we are aware of cases where landowners who use agrochemicals intensively have sued families who have attempted to demand controls on the use of these chemicals. These lawsuits have been upheld by agricultural courts. In short, we need legislation that is consistent with the claim that Venezuela wants to conserve its resources by penalizing those who do not.
What is your current assessment of the issue of genetically modified foods in Venezuela, from seeds to imported foods?
In Venezuela, we are currently engaged in a battle in which we had made tremendous progress with the approval of the Seed Law in 2015. The law was very important because, first, it declares seeds to be a common good. In other words, it prevents their privatization. And second, it declares the promotion and reproduction of genetically modified seeds to be contrary to the national interest and the biodiverse functioning of our ecosystems.
Therefore, this is a landmark law for the ecosystemic logic of our country. Right now, there is a battle taking place amid all the contradictions we are facing as a country invaded by a nuclear power. So, we are at risk of losing that progress in this complex political moment, and we have done very poorly in the battle to educate about food.
There is great confusion among the population regarding the issue of genetically modified foods and their risks. This is a highly dangerous weapon for controlling a nation, jeopardizing its food security and food sovereignty. This technology represents a form of domination disguised as a production technique.
That is why the Venezuelan agroecological movement must ramp up an educational, advocacy, and training offensive so that our grassroots collectives, at least at the level of communes, producer organizations in rural areas, and consumer groups in cities, can be better informed about the risks. We still have time to capitalize on these comparative advantages of popular organization in the present and the future.
The law has succeeded in curbing the entry of GMOs. If it did not exist, we would face a clear invasion of genetically modified seeds. What we have failed to achieve above all is the grassroots organization needed to defend this achievement and advance it further. We need popular movements to take ownership of the Seed Law as valuable and sovereign tool at their disposal.
Fresh produce in a Mano a Mano market. (Mano a Mano)
May 16 (UPI) — The Trump administration is considering the creation of a $1.776 billion fund to compensate people allied with President Donald Trump who were investigated during the Biden administration.
The fund would be part of a settlement with Trump that would result in him dropping his lawsuit with the Internal Revenue Service over the leaking of his tax returns six years ago, ABC News and The New York Times reported.
The deal emerged after months of negotiations between the White House and Department of Justice, which had originally been aiming to directly pay Trump, but conflict of interest concerns steered toward the compensation fund.
Although Trump has the right to sue as a private citizen, his position as president means that he also can instruct agencies within the executive branch, which would make him both the plaintiff and defendant in a trial.
The concept is partially modeled on an Obama administration compensation fund for Native American farmers and ranchers that distributed $760 million from the Treasury Department’s Judgment Fund.
In addition to Trump allies’ legal fees linked to investigations during his first term, the fund also likely would be open to people charged in the Jan. 6, 2021, riot at the Capitol building that saw the building get ransacked by Trump supporters.
Critics of the plan have called it a “slush fund” for Trump and his allies.
“An insane level of corruption — even for Trump,” U.S. Elizabeth Warren, D-Mass., said of the plan earlier this week.
Vice President JD Vance speaks during a news conference on anti-fraud initiatives in the Indian Treaty Room of the Eisenhower Executive Office Building at the White House on Wednesday. Photo by Daniel Heuer/UPI | License Photo
SACRAMENTO — Gov. Gavin Newsom will propose a new $100-million fund to help wildfire victims afford loans to rebuild their homes under a revised budget plan set to be released Thursday.
The Newsom administration estimates that thousands of victims of the Los Angeles wildfires cannot afford to rebuild, blaming a lack of access to affordable loans and a gap between insurance payouts and the cost to build again.
“We have been on the ground in L.A. since Day One of recovery from these fires, and we aren’t turning our backs now,” Newsom said in a statement. “This community deserves continued support to help them get back on their feet, and rebuild their homes and their lives. “
The new fund would be designed to cover loan-loss guarantee to lenders, in which the state would commit to paying back a percentage of a loan amount if a borrower defaults, in order to lower the risk for lenders and encourage them to award construction loans to borrowers who might not otherwise qualify or only be eligible for loans at high interest rates. The money would also be available for homeowners to buy down their interest rates during the construction period, according to Newsom’s office.
The Eaton and Palisades fires killed 31 people and destroyed over 16,000 structures in January 2025.
Under Newsom, California has also provided mortgage relief to more than a thousand wildfire survivors under CalAssist, a program that provides grants to eligible homeowners to cover mortgage payments for 12 months up to $100,000.
The governor’s new proposal will be included in his funding plan for the upcoming 2026-27 budget year that begins July 1.
State revenue from income tax collection is higher than initially forecast, a boon that is expected to wipe out a projected deficit in the year ahead. Analysts attribute the revenue increase to an artificial intelligence boom in the stock market.
Though likely temporary, the extra funding is expected to give Newsom enough cushion to balance the state budget without major cuts and lower a projected shortfall in 2027-28.
The proposal to create the rebuilding fund requires support from both houses of the California Legislature and would move forward as a trailer bill accompanying the state budget. The funding would be available to disaster survivors, though details on eligibility will be determined during the legislative process.
The National Science Foundation suspended at least 18 research grants to UC Berkeley last month despite a court injunction restricting such suspensions, according to an attorney representing university scientists in a class-action lawsuit.
The NSF declined to comment on the suspensions.
The grants include at least one that the NSF had previously canceled and was compelled by a federal court order to restore, for a series of mixed-reality exhibits at the Lawrence Hall of Science showcasing Indigenous Ohlone knowledge about the natural world, said one of the project’s leaders, Jedda Foreman.
Foreman, an associate director at the Lawrence Hall of Science, said another researcher on her team received an email from UC Berkeley’s vice chancellor of research, Katherine Yelick, notifying them that the National Science Foundation had suspended the $1.4-million grant. Foreman said she viewed the email, which said the university had received a letter from the NSF raising concerns about “foreign funding.” The email did not provide a copy of the letter or explain further, she said.
Foreman said the Lawrence Hall of Science had not received any foreign funding for the project.
“The grantees were given near-zero information about what was problematic in the execution of their grant,” said Claudia Polsky, a professor at UC Berkeley School of Law who is representing Foreman and other researchers in a suit they filed last year contesting a previous round of grant cancellations by the Trump administration.
Polsky said her legal team was seeking more information about the 18 suspensions, but was concerned that the freezing of Foreman’s grant may violate a court order a federal judge issued in that case restoring the defunded projects.
UC Berkeley spokesperson Dan Mogulof said in a statement that the university “is engaged with the government on matters pertaining to research grants, and remains committed to compliance with all federal laws, rules and regulations.”
He declined to comment on the types of grants affected, the amount of funds at stake, or the potential effect on the campus.
One of the Lawrence Hall of Science exhibits, which were co-designed with Ohlone youth, is scheduled to open Sunday, with another set for the fall of 2028. Researchers also are studying whether participating in creating exhibits sparks more interest in science among Indigenous young people and makes them more likely to pursue STEM careers.
“We’re doing a lot of hoping and finger-crossing that something works out,” Foreman said. “It was such a powerful project and we really want to be able to share what we’ve learned.”
National Science Foundation turmoil
The University of California received $525 million in National Science Foundation grants in the 2024-25 budget year. But that funding source has become increasingly volatile under the Trump administration as the federal agency has terminated nearly 2,000 grants nationwide that it said did not align with its priorities — including those focusing on diversity, equity and inclusion — and has been slower to approve and disburse new awards.
Other federal agencies also terminated research grants en masse last year. Some of the cancellations have been reversed by the courts.
UC researchers are contesting grant reversals by the National Science Foundation, Department of Energy, National Institutes of Health, Department of Transportation, Department of Defense, Environmental Protection Agency and National Endowment for the Humanities in the class-action lawsuit, filed last year. The University of California is not a party to the suit.
Last June, the researchers won a key legal victory when U.S. District Judge Rita Lin issued a preliminary injunction restoring grants canceled by the NSF, EPA and NEH — including for the Ohlone-focused exhibits co-led by Foreman, one of six named plaintiffs in the case. The judge barred the agencies from revoking funds using form letters that didn’t include an explanation specific to the grant at stake, or because of Trump’s anti-DEI executive orders.
Judge Lin stepped in again after the NSF froze hundreds of grants to UCLA in August, amid attempts by the Trump administration to secure a $1-billion settlement from the university over allegations of campus antisemitism. Indefinitely suspending a grant was the same as terminating it, Lin said in a ruling requiring the agency to reinstate the funds.
Polsky said last month’s suspension of Foreman’s grant raised concerns that the Trump administration was seeking a way around those orders. “It seems to us like something that should not have been canceled on the merits and raises suspicion that this was just a different way to cancel the grant,” she said.
UC looks to state for alternative funding
The University of California is ramping up efforts to find alternative funding for its multibillion-dollar research enterprise as federal support becomes less reliable. On Monday, UC President James Milliken spoke alongside state Sen. Scott Wiener and United Auto Workers president Shawn Fain at a Sacramento rally in support of state legislation to create a $23-billion fund for scientific research.
If successful, the bill will place a bond measure on the November ballot. Money from the bond would go toward research in wildfire and pandemic preparedness, new medical treatments and other areas, with revenue from inventions shared with the state. The state Assembly’s appropriations committee is set to consider the bill Thursday.
“If the federal government is going to continue to attempt to reduce funding for the research that has been so important to UC — that saves lives, that drives the economy — then the state of California, I hope, will be able to step up,” Milliken said at a meeting of the university’s Board of Regents on Wednesday.
UC Provost Katherine Newman told the regents she has been meeting with leaders of the Russell Group, a consortium of the United Kingdom’s top universities, to discuss collaborating on research in climate change, clean energy and public health — all areas that have seen federal funding threatened under the current administration.
Mello writes for Berkeleyside, which originally published this story. It wasdistributed through a partnership with the Associated Press.
WASHINGTON — Senate Republicans have added $1 billion in White House security upgrades to legislation that would fund immigration enforcement agencies, a proposed boost for President Trump’s ballroom project after a man was charged with trying to assassinate him at the White House Correspondents’ Assn. dinner last week.
The GOP bill released late Monday would designate the money for the U.S. Secret Service for “security adjustments and upgrades” related to the ballroom project, which Trump and Republicans have been pushing since Cole Tomas Allen allegedly stormed the April 25 media dinner at the Washington Hilton with guns and knives. The legislation says the money would support enhancements to the ballroom project, “including above-ground and below-ground security features,” but also specifies that the money may not be used for non-security elements.
White House spokesperson Davis Ingle praised Republicans for including the money for the “long overdue” project, saying it would “provide the United States Secret Service with the resources they need to fully and completely harden the White House complex, in addition to the many other critical missions for the USSS.”
The money is part of a larger bill to pay for Immigration and Customs Enforcement and Border Patrol, as Democrats have been blocking funds for both agencies since mid-February. Congress passed bipartisan legislation to fund the rest of the Homeland Security Department on April 30 after a record-long shutdown, but Republicans are using a partisan budget maneuver to push through the ICE and Border Patrol dollars on their own. The House has not released its bill yet, but the Senate is expected to start voting on its version of the legislation next week.
It is unclear exactly how the $1 billion would be used, and the amount far exceeds the proposed $400 million for construction of the ballroom. The White House has said in court documents that the East Wing project would be “heavily fortified,” including bomb shelters, military installations and a medical facility underneath the ballroom. Trump has said it should include bulletproof glass and be able to repel drone attacks.
The National Trust for Historic Preservation has sued to block construction of the project, but a federal appeals court said last month that it can continue in the meantime.
The White House has said that private money would pay for the construction but public money would be used for security measures. Some Republicans have suggested that public money pay for all of it, arguing the security breach at the dinner shows the president needs a secure place to host events.
“It would be insane” to hold the dinner at a hotel again, said Republican Sen. Lindsey Graham of South Carolina, who introduced a bill to pay for the ballroom’s construction with Sen. Katie Britt, R-Ala.
Democrats have said they will oppose any efforts to pay for the ballroom.
“While Americans are struggling to make ends meet as a result of President Trump’s failed policies, Republicans are focused on providing tens of billions of dollars for the President’s vanity ballroom project and cruel mass deportation campaign,” said Illinois Sen. Dick Durbin, the top Democrat on the Senate Judiciary Committee, which oversees the U.S. Secret Service.
Jalonick writes for the Associated Press. AP writer Darlene Superville contributed to this report.
WASHINGTON — After weeks of delay, the House voted Thursday to fund much of the Department of Homeland Security, but not its immigration enforcement operations, and send the bipartisan package to President Trump to sign, ending the longest agency shutdown in history.
The White House had warned that temporary funding Trump had tapped to pay Transportation Security Administration and other agency personnel would “soon run out,” and that sparked new threats of airport disruptions.
DHS has been without routine funds since Feb. 14, causing hardship for workers, though much of Trump’s immigration agenda that is central to the dispute is being funded separately.
“It is about damn time,” said Rep. Rosa DeLauro of Connecticut, the top Democrat on the House Appropriations Committee, who proposed the bill more than 70 days ago.
The House swiftly voted by voice, without a formal roll call, to pass the measure.
The House’s narrow Republican majority has repeatedly stalled out under House Speaker Mike Johnson, with his own party tangled in internal disputes on a range of pending issues, including the homeland security funding. While the Senate unanimously approved the bipartisan package a month ago, the bill languished in the House.
Democrats refused to fund U.S. Immigration and Customs Enforcement and the Border Patrol without changes to those operations after the fatal shootings of two U.S. citizens by federal agents during protests against an immigration crackdown in Minneapolis. Republicans would no go along with a plan pushed by Democrats to fund TSA and the other parts of DHS without the money for ICE and Border Patrol.
To break the impasse, Republicans in both the House and Senate decided to tackle the immigration enforcement funding on their own through what is called budget reconciliation, a cumbersome weekslong process ahead.
By beginning that budget process Johnson, R-La., was able to unlock a broader bipartisan bill for TSA agents and the rest of DHS. House Republicans late Wednesday adopted budget resolution on a largely party-line vote, 215-211, that is focused on eventually providing $70 billion for immigration enforcement and deportations for the remainder of Trump’s time in office and ensure Democrats can no longer block funding. Trump’s term ends in January 2029.
One key Republican, Rep. Chip Roy of Texas, said isolating the immigration-related money on a separate track is “offensive to the men and women who serve in ICE and Border Patrol, and are serving this country every single day.”
WASHINGTON — The White House is warning Congress that funding to pay Department of Homeland Security personnel will “soon run out,” sparking new threats of airport disruptions and national security concerns as the House slow-walks legislation to end what has been the longest-ever lapse in agency funding.
In a memo late Tuesday to lawmakers, the Office of Management and Budget said money that President Trump tapped to pay Transportation Security Administration and other workers through executive actions will be exhausted by May. It called on the House to quickly approve the budget resolution senators approved in an all-night session last week that would pave the way for full funding for the department.
“DHS will soon run out of critical operating funds, placing essential personnel and operations at risk,” the memo said.
The pressure from the Trump administration could help House Speaker Mike Johnson, whose narrow Republican majority has been stalled out, tangled in internal party disputes on a range of pending issues, including the Homeland Security funding. They have left the chamber at a virtual standstill.
The House was expected to vote as soon as Wednesday on the Senate budget resolution that is designed to unlock a multistep process to eventually fund the department. But by midday, House action again screeched to a halt. The administration has warned GOP lawmakers off making changes that could prolong passage.
“Restoring funding for the Department of Homeland Security has never been more urgent, as demonstrated by recent events,” the memo said, a nod to the situation over the weekend when a man armed with guns and knives tried to storm the annual White House correspondents’ dinner that Trump, the vice president and top Cabinet officials were attending.
Homeland Security shutdown is longest ever
Homeland Security has been operating without regular funds for more than two months after Democrats refused to fund Immigration and Customs Enforcement and Border Patrol without changes to those operations after the deaths of Americans protesting Trump’s deportation agenda.
While immigration enforcement workers have largely been paid through the flush of new cash — some $170 billion — that Congress approved as part of Trump’s tax cuts bill last year, others, including TSA, have had to rely on Trump’s intervention through executive action to ensure their paychecks.
But with salaries topping $1.6 billion every two weeks, Homeland Security Secretary Markwayne Mullin said recently, those funds are drying up.
More than 1,000 TSA officers have quit since the shutdown began, according to Airlines for America, the U.S. airlines trade group that called Wednesday on Congress to fully fund the agency.
“The urgency to provide predictable and stable funding for TSA is growing stronger by the day,” the group said in a statement. “Time and time again, our nation’s aviation workers and customers have been the victim of Congress’ failure to do their jobs.”
Complicated budget strategy ahead
House and Senate Republicans have embarked on a go-it-alone strategy, attempting to approve funds for Immigration and Customs Enforcement and Border Patrol without Democrats. They want to provide $70 billion for those immigration operations for the remainder of Trump’s term to ensure no further interruptions.
It’s a cumbersome process, the same that was used last year to approve Trump’s tax cuts bill, that will play out over several weeks.
The Senate launched the process last week, and is now waiting on the House to act. Once that budget resolution is approved, both the House and Senate are expected to draft the actual funding bill, a process that can take weeks.
In the meantime, Johnson is next expected to quickly turn this week to legislation that would fund the other parts of Homeland Security, including TSA, the Coast Guard and other agencies.
That bipartisan bill has support from Democrats and already passed the Senate a month ago, when Republicans reluctantly agreed to carve out the immigration-related funds that Democrats had opposed. But it has been stalled out in the House, as Republicans in that chamber disagreed with the Senate’s approach.
Mascaro writes for the Associated Press. AP writer Rio Yamat in Las Vegas contributed to this report.
The AIG Women’s Open has increased its prize fund for a sixth successive year despite not being a profitable tournament to stage.
This year’s championship, which is being held from 30 July – 2 August at Royal Lytham & St Annes on the Lancashire coast, will have a record purse of $10m (£7.4m).
It is not the only one of the five annual women’s majors taking advantage of sponsorship deals to offer increasing prize money. The US Women’s Open – which last year had the largest prize fund in the women’s game at $12m – has the backing of Ally Financial.
“At the moment it’s not profitable,” said R&A chief executive Mark Darbon.
“We treat it as an investment into the game, but an absolutely critical investment.
“Our focus actually is around audience growth. We think if we’re going to be true to that notion of inspiring millions of people around the world, we need to grow the audience for this championship and the women’s game more broadly.”
Around 50,000 spectators are expected to attend across the week of what will be the 50th Women’s Open, while Darbon pointed to increased television coverage as a way of boosting the game’s profile.
The $10m prize fund lags behind the $17m shared out between the players at last year’s Open Championship and while Darbon would like to see that levelled in the future, he said the R&A had to “think sustainably”.
“There is a commercial reality. We’re investing collectively, AIG and the R&A, significant sums into the championship, and we want to do that in a responsible way.
“So we’re not in a position to have equal prize funds at the moment, but we will look to continue to elevate our prize fund over time.
“We want to reward the stars of our sport. We have to do that in a sustainable fashion.”
Darbon said it would be possible to make the championship profitable by cutting back on the spend but that was not on his agenda.
“If profitability was our number one ambition for this event, there are a number of things we could do to put us on a path to achieving that result.
“At the moment, profitability is not a principal target for us. We want to deliver brilliant venues and a wonderful experience for the players.
“We want to have a meaningful and growing prize pot, and we want to deliver a spectator experience both live and through broadcast and digital channels that inspires and excites people.”
Darbon also announced that the 2028 Women’s Open would be held at Sunningdale’s Old Course in Surrey.
Unlike the men’s Open Championship, the women’s visits inland courses as well as links courses on the coast.
“The Open and Women’s Open have their own discrete identities,” he said.
“We don’t treat them as one, and therefore we don’t treat the venue selection process as one either.
“We are very focused on taking this event to what we regard as some of the world’s very best courses.”
An industry group representing budget airlines such as Frontier has asked the Department of Transportation to create a $2.5 billion pool of money to help its member airlines because the price of jet fuel has nearly doubled since February, endangering their ability to stay in business. File Photo by CJ Gunther/EPA-EFE
April 27 (UPI) — An industry group that represents budget airlines has reached out to the Department of Transportation about creating a $2.5 billion pool to help keep them in business as the price of jet fuel remains high.
The Association of Value Airlines — which represents Allegiant Air, Avelo Air, Frontier Airlines, Spirit Airlines and Sun Country — said Monday that it has approached the Trump administration about the pool because an 88% increase in the cost of jet fuel is endangering their ability to do business, The Wall Street Journal and The New York Times reported.
Spirit Airlines itself has been negotiating a possible $500 million bailout from the federal government after warning that it is running out of cash that is separate from the AVA request.
Airlines worldwide started raising fees in March after the United States and Israel started the war in Iran, which led the country to blockade the Strait of Hormuz in response and has caused the price of gas and oil to increase significantly.
Fuel expenses account for about 30% of airline operating costs and even a sustained $1 increase in per barrel of oil can increase those costs by millions of dollars.
“Since February, jet fuel prices have increased by nearly 100% and are placing significant financial pressure on value airlines,” the industry group said in a statement.
It also said that the “liquidity pool” would be used “exclusively” to offset fuel costs that are expected to stay above $4 per gallon in North America for the rest of the year.
The AVA also has approached Congress about waiting a 7.5% excise tax and $5.30 per-segment fee that airlines pay the government for each passenger they transport for the same reason it asked the administration for the emergency pool.
President Donald Trump acknowledged last week that Spirit has been in conversation with his administration for a bailout as it has struggled to exit its second bankruptcy filing in a year.
Trump said that the discussions are ongoing, but that he would like to help keep Spirit in business because competition is good for consumers and he is concerned about job losses should it go out of business.
Wreathes are seen amongst the statues at the Korean War Veterans Memorial during Memorial Day weekend in Washington on May 27, 2023. Memorial Day, which honors U.S. military personnel who died while in service, is held on the last Monday of May. Photo by Bonnie Cash/UPI | License Photo
Kobe Bryant rookie trading cards aren’t particularly rare. And because rarity equates to value, standard issue 1997 cards featuring the late Lakers great retail for a pedestrian $100 to $300.
Then there are 1997 Kobe Bryant Metal Universe Precious Metal Gems Green cards, which just by typing that highfalutin name can give even the most savvy collector goose bumps.
The key word is green. Most Bryant rookie Metal Universe Precious Metal Gems cards have a red background and fetch around $300,000. Only 10 were made with a metallic green background and only three have been graded by respected grading firm Professional Sports Authenticator (PSA).
So green translates to greenbacks. Alt, a company that enables users to sell, buy and securely store collectible cards, announced Thursday it purchased one of those — take a breath first — 1997 Kobe Bryant Metal Universe Precious Metal Gems Green cards in a private transaction for $3.15 million.
The company said on Instagram that the purchase makes it the most expensive Bryant card ever sold, eclipsing the previous record of $2.4 million set in September. Another copy of the same card sold for $2 million in 2022.
“It was on every collector’s wall, in every price guide, at the top of every wish list,” Alt CEO Leore Avidar Avidar said on Alt’s Instagram page. “Acquiring it for our fund is personal, but it’s also a reflection of where this market has gone.”
The image of Bryant in midair passing — not shooting! — highlights the card, which earned a PSA 5 grade.
The card adds to Alt’s impressive collection. The fund set price records at time of purchase for LeBron James, Stephen Curry and Giannis Antetokounmpo cards in addition to the one of Bryant.
The most paid for a sports trading card was $12.932 million for a 2007-08 Upper Deck Exquisite Collection Dual Logoman Autographs signed card featuring Bryant and Michael Jordan last fall. The purchase was made by investor and “Shark Tank” personality Kevin O’Leary along with veteran collectors Matt Allen and Paul Warshaw and surpassed the previous record of $12.6 million held by a 1952 Topps Mickey Mantle card.
The Bryant/Jordan card is the second-most expensive sports collectible of all time behind Babe Ruth’s 1932 World Series “called shot” jersey, which sold for $24.12 million in 2024.
High-end Bryant cards remain coveted by collectors. Allen, well known in the industry as Shyne150, privately spent $4 million on two Bryant 1-of-1 signed Panini Flawless Logoman cards.
HARRISBURG, Pa. — Pennsylvania’s treasurer refused Thursday to approve payments for more than $1 million in security systems and other upgrades to the private home of Gov. Josh Shapiro, changes that were made after an intruder set fire to the state-owned governor’s residence last year in an attempt to kill the Democrat.
The treasurer, Republican Stacy Garrity, said there is no legal authorization to use taxpayer dollars to reimburse contractors for the security upgrades on private property, even the private home of a governor.
The Pennsylvania State Police submitted the reimbursement requests to the Treasury Department but “appear to have simply ignored the statutory limits and restrictions on spending and procurement,” Garrity said during a news conference in her offices.
The state police agency has other options to get taxpayer dollars to underwrite the work, which has already been done. The agency could ask lawmakers to explicitly authorize the payments or enter the state’s settlement process for disputes between contractors and state agencies, Garrity said.
Shapiro, who is considered a potential top-tier contender for the White House in the 2028 presidential election, is running for reelection this year for a second term as governor. After last year’s attack, he emerged as a prominent voice in condemning political violence.
Garrity is expected to be Shapiro’s main opponent in the fall election. She is both endorsed by the state GOP and uncontested for the GOP nomination in Pennsylvania’s May 19 primary election.
The treasurer said the decision wasn’t political and that “I don’t play these kind of political games.”
But Shapiro’s office blasted Garrity’s decision as a “shameful political action without legal basis” and said the state police was exploring options to ensure it protects its authority and that the contractors get paid.
“The Treasurer should put partisanship aside, follow the law, and show some humanity for a family that has experienced real trauma, the state troopers who protect them every day, and the vendors and workers who the treasurer has now refused to pay,” the governor’s office said in a written statement.
Garrity said the security and well-being of public officials and their families is of the “utmost importance” to her and that “an attack on the governor is an attack on all of us.”
Still, she said, her department does not have the legal authority to issue the payments.
The security upgrades at Shapiro’s home were something of a secret until his administration informed lawmakers about them in a letter last fall. In it, the Cabinet official in charge of state property told lawmakers that “the threat to a high-profile elected official like Governor Shapiro does not end when he leaves the Governor’s Residence.”
State officials haven’t detailed those upgrades, citing safety reasons. Shapiro, his wife and two of his four children still live in the private residence, in Abington, a Philadelphia suburb.
However, plans for a security fence there spawned dueling lawsuits between the Shapiros and a neighbor over who rightfully owns a sliver of land abutting the two properties.
So far, the Treasury Department said Thursday it has paid more than $26 million in security upgrades and remediations at the governor’s state-owned residence in Harrisburg, where the Shapiros often stay. Those renovations included an “anti-climb” iron fence that is much higher than the one scaled by the intruder, Cody Balmer.
Balmer last year pleaded guilty to the attempted murder of Shapiro. Under a plea deal, Balmer was sentenced to 25 to 50 years in prison, far less than he could have faced if the case had gone to trial.
He climbed over a 7-foot iron security fence in the middle of the night, eluded two state troopers stationed at the residence and used beer bottles filled with gasoline to set fire to the residence, just hours after Shapiro had hosted a Passover Seder to celebrate the first night of the Jewish holiday.
The fire forced Shapiro, his wife, children and members of his extended family to flee, as firefighters battled the blaze. The residence, built in the 1960s along the Susquehanna River about 2 miles north of the state Capitol, was badly damaged but has since been renovated.