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EXPLAINED: 4 | Vintage Vibes

The Hidden Costs of Elizabeth Warren's 'Ultra-Millionaire' Tax

The Massachusetts senator fails to consider how her tax would harm middle class Americans and slow economic growth.

Reason

Jared Kushner's Peace Envoy Role Collides With £3.9 Billion Fundraising Push in the Middle East Amid Iran War

Explore controversy as Jared Kushner faces scrutiny over £3.9B Gulf fundraising during US diplomacy, sparking conflict-of-interest concerns and a congressional probe.

International Business Times UK

'Is The Money In Donald Trump's Pocket?' Lawmaker Pushes For Answers As Millions In Trump Library Fund Vanish

Explore the disappearance of millions intended for Trump's Presidential Library Fund, as media companies settle lawsuits and questions remain unanswered.

International Business Times UK

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US senators want to suspend Nvidia AI chip export licenses to China and its intermediaries — bipartisan letter to Commerce Dept says that Huang’s claims of no chip diversion ‘were contradicted by reporting available’

U.S. senators Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.) told Commerce Secretary Howard Lutnick that he should suspend all active export licenses to China for Nvidia AI chips, saying that Nvidia's most advanced AI GPUs are being diverted into the country despite Jensen Huang's assurances.

Tom’s Hardware

US moves to soften capital rules: ‘Big banks can declare mission accomplished’

Fed officials expected to lower capital requirements for banks such as Goldman Sachs and JPMorgan Chase by 4.8%

The Guardian - US

At the Races: Crypto’s next stand

Welcome to At the Races! Each week we bring you news and analysis from the CQ Roll Call campaign team. Know someone who’d like to get this newsletter? They can subscribe here. The cryptocurrency industry began flexing its political muscle in 2022, and crypto spending has only increased since. In advance of…

Roll Call

Senate Rejects Effort to Halt Trump's Iran Strikes 47-53 — Fetterman Joins GOP as Costs Reach $11 Billion

The US Senate rejects a war powers resolution to end military operations in Iran, marking the third failed attempt. Discover the implications for US foreign policy, taxpayer costs, and rising gas prices.

International Business Times UK

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Conservatives hint they will oppose bipartisan housing bill designed to make homes more affordable

House members have balked at provisions barring large institutional investors from owning homes

The Independent UK

The "Squad" left faces complete wipeout in Illinois Democratic primaries

Even the progressive primary candidates seen as most viable lost their races.

Axios

Melissa Bean likely heading back to Congress after Illinois primary win

Illinois Democrats picked their nominees for four open House seats on Tuesday, with one former member taking a step toward returning to the chamber and another denied a comeback. And in an election where the American Israel Public Affairs Committee’s involvement in several races was under scrutiny, the group saw…

Roll Call

Forget Trump and the Iran War — this state’s primaries on Tuesday will be a referendum on Democratic support for Israel

ANALYSIS: Democratic voters now sympathize more with Palestinians than Israelis, polls show. Eric Garcia breaks down how those attitudes might affect races in Illinois

The Independent UK

Trump Threatens to Ban Major US News Outlets Over Coverage of 'Fake' Iran Strikes on US Planes

The Trump administration escalates its campaign against independent journalism by threatening to revoke US broadcasters' licenses over alleged 'fake news' war reporting.

International Business Times UK

Trump Presidential Library Fund Paid by Companies He Sued Has Dissolved With No Public Accounting, Lawmakers Allege

Lawmakers demand transparency from major corporations over missing millions from Trump's Presidential Library Fund.

International Business Times UK

Elizabeth Warren Ruins Housing Again; Iran War Endgame?

Robby Soave and Christian Britschgi return to discuss yet another bad idea from Elizabeth Warren and if the war in Iran will end sooner rather than later.

Reason

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Roll Call

Judge blocks grand jury subpoena in Jerome Powell investigation

The Trump administration vowed Friday to appeal a ruling from a federal judge that an investigation into Federal Reserve Chair Jerome Powell was likely politically motivated and blocked a grand jury subpoena. Jeanine Pirro, the U.S. attorney for the District of Columbia, made the announcement at a news conference as…

Roll Call

Armed Services members in the dark on details of war costs

The House and Senate Armed Services panels have yet to be briefed on the costs of the Iran war, members and aides said Thursday. This week, Pentagon officials gave the Senate Defense Appropriations Subcommittee an estimate of $11.3 billion for the war’s first week, a figure first reported Wednesday by…

Reason

Congress' Housing Bill Goes From Small Supply Booster to Housing Killer

The Senate's proposed inclusion of an effective ban on build-to-rent housing in a bipartisan housing bill could significantly shrink new home production.

We Got This Covered

Trump warns Americans to expect domestic attacks in the Iran war, but Hegseth is telling a completely different story to the public

Presidential reassurance, everyone.

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International Business Times UK

US Lawmakers Plan Bill to Modernise the SSI Programme to Benefit Millions of Americans

Around 30 US lawmakers will reintroduce the SSI Restoration Act to bolster SSI benefits by easing eligibility criteria and expanding the programme across US territories.

The Independent UK

Trump-connected PAC is fundraising off Iran war: ‘Will you stand strong with me?’

The fundraising campaign has a list of suggested donations, ranging from $26 to $3,300, and asks voters to ‘rally behind’ President Trump

International Business Times UK

Senator Elizabeth Warren Warns Trump Has No Plan and Says US War Is Based on Lies, Risking Prolonged Conflict

Senator Elizabeth Warren exposes lack of strategy in Iran conflict after classified briefing. Over 150 casualties at Iranian school, 6 US service members dead. Congress debates War Powers Resolution.

We Got This Covered

Senator blasts Trump and Hegseth for ‘extorting’ Anthropic to push their authoritarian AI agenda

She defended Anthropic’s defense and is unhappy with the DOD and Trump’s retaliation for not getting their way.

The Guardian - US

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover

Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job losses

The Guardian - US

Democrats urge dropping plan to double gas exports as US energy prices soar

‘Policies are not putting America first,’ letter says to energy secretary as Trump’s repeated pledges to slash utility bills

Fortune

The Consumer Financial Protection Bureau is under threat

A new report by Sen. Elizabeth Warren’s office showed that Americans have lost nearly $19 billion since Trump took office again directly due to CFPB cuts

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