Donald J. Trump White House 2nd Term Page 9
Story by Christiaan HetznerNo country holds more provable Treasury debt than Japan with roughly $1.1 trillion, equivalent to a quarter of its entire economy. Since dumping U.S. sovereign bonds would severely hurt both Japan and the United States, investors view the threat as a psychological tactic to exert pressure as the clock ticks down on Trump's 90-day tariff pause.Call it the nuclear option—a last resort that could unleash mutually assured financial destruction for two allies joined at the hip. Japan is prepared to use its role as America’s single largest creditor as a bargaining chip in ongoing trade negotiations with the Trump administration.On Friday, a senior member of the government said the stockpile, primarily maintained to periodically intervene in foreign exchange markets, would also serve as an emergency deterrent to protect against maximal demands from the White House.“We obviously need to put all cards on the table in negotiations. It could be among such cards,” finance ministers Katsunobu Kato was quoted as saying. “Whether we actually use that card, however, is a different question.”
Rolling Stone reports that even members of the Trump administration are hoarding food, household supplies, and cash over fears about the impact of the president’s trade war. One Trump aide explained to Rolling Stone: “Because it would be stupid not to!”
US judge says clients may have ‘reservations’ about law firms that reached deals with the governmentKaye Wiggins in New York and Sujeet Indap in Claremont, CaliforniaUS law firms were warned about the risks of striking deals with Donald Trump when a Washington DC judge permanently blocked the president’s executive order targeting Perkins Coie, saying it violated the US constitution.“Some clients may harbour reservations about the implications of such deals for the vigorous and zealous representation to which they are entitled from ethically responsible counsel,” wrote Judge Beryl Howell on Friday night.Howell declared Trump’s order against Perkins “null and void”.The published terms of those deals “appear only to forestall, rather than eliminate, the threat of being targeted”, she added, as she cited other filings which said lawyers must be able to advance their clients’ interests without fear of reprisal from the government.The president’s order, issued in March, suspended security clearance for Perkins Coie’s employees and forced a review of its government contracts. It cited the firm’s work for Hillary Clinton in the 2016 presidential race.“From an esteemed judge, the signal sent to the law firm community is unmistakable,” said Ryan Goodman, professor at the NYU School of Law.
Story by Sarah FortinskySenate Minority Leader Chuck Schumer (D-N.Y.) sharply criticized President Trump on Thursday following reports that 17 family members of Sinaloa Cartel leaders were allowed into the U.S. last week as part of a deal with the Trump administration.In floor remarks on Thursday, Schumer accused the president of being “soft on crime” and of “rolling out a welcome mat to El Chapo and his family and inviting them into our country.”“If you’re related to El Chapo, Donald Trump says, ‘Come right in. Welcome to America.’ He’ll roll out the red carpet,” Schumer said on Thursday.
Story by Maryam KhanumSocial media users are mocking President Donald Trump for claiming that his proposed cuts to government funded food assistance programs would actually give Americans more access to food by helping decrease food prices nationwide.Trump attended a meeting with House Republicans on Monday at Capitol Hill, after which he was asked about his plans for food assistance programs by reporters."You campaigned on lowering the price of groceries. How can you justify cutting food assistance?" one reporter asked Trump."The cut is going to give everybody much more food because prices are coming way down, groceries are down, eggs. You told me about eggs, you asked me a question about eggs in my first week," The President began. "I said 'I just got here, tell me about eggs.' Eggs now are way down, everybody's buying eggs. Groceries are down, energy is down, they're buying gasoline now for $1.99. If you look back, you'll see $3.50, $4."
Story by Steve CorbinAs of May 1 – 101 days into the Trump 2.0 administration – the highly credible Bloomberg News reported over 328 lawsuits have been filed against Mr. Trump's executive orders, proclamations, and policy decisions and Cabinet members' actions. On May 13, Fox News gave cameo details on 208 of the lawsuits; virtually all lawsuits are individually cited in a recent Litigation Tracker report, published by Just Security of the Reiss Center on Law and Security at the New York University School of Law.The 47th president leads the pack with over 75 lawsuits filed against him, followed by at least 39 cases challenging unelected Elon Musk and his non-Congressional approved Department of Government Efficiency (DOGE). More than 40 other lawsuits over funding cuts and agency firings also mention DOGE.Just Security notes that 21 lawsuits have been filed against the U.S. Attorney General Pam Bondi's Department of Justice and 12 lawsuits reveal Linda McMahon's Department of Education as the litigant. Legal challenges have been placed against each of the 21 Cabinet members' respective endeavors. This news, in and of itself, lays bare the fact that the majority of our 100 Senators failed to do their due diligence in approving Mr. Trump's nominees for Cabinet positions.The volume of legal battles poses significant long-term risks to American democracy, let alone the cost to Americans like you and me who will have to pay attorney fees to defend Donald J. Trump, Cabinet members, and other officials' actions.
In an email to intelligence officials, Tulsi Gabbard's chief of staff Joe Kent, wrote, “We need to do some rewriting” and more analytic work “so this document is not used against the DNI or POTUS,” according to a New York Times report.
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