“Guo Wengui, a Chinese businessman who transformed himself from a Beijing insider into an anti-Communist crusader and ally of the American far right, was sentenced to 30 years in prison on Monday for defrauding investors, including many of his own fervent supporters, of hundreds of millions of dollars,” the New York Times reports.
The Trump Administration Just Can’t Quit Signal
The Atlantic: “The State Department last week released records from the exchange, found on the phones of Rubio and Needham, in response to Freedom of Information Act litigation by Democracy Forward, which has filed more than 400 legal actions against the Trump administration since last January. The new release, which we reviewed, includes 13 Signal chats from the first six months of 2025 that have not been previously reported…”
“The records raise the possibility that top administration officials failed to follow federal laws that require the preservation of government records. A screenshot from Rubio’s phone shows that Joint Chiefs of Staff Chairman Dan Caine was the administrator of a Signal group with Secretary of Defense Pete Hegseth and Rubio that was set to automatically delete messages after eight hours, prompting questions about whether the communications were retained another way.”
SpaceX to Discuss Stock Donation for Trump Accounts
“The Trump administration has spoken with SpaceX about donating stock to the children’s savings accounts known as Trump Accounts that are expected to launch next week,” Semafor reports.
Trump Ballroom Built Under a Secret No-Bid Contract
“White House officials last year secretly awarded a no-bid contract worth up to $500 million for the construction of the East Wing ballroom in an unusual arrangement that sidestepped typical contracting procedures designed to control costs,” the Washington Post reports.
“The White House routed the contract through the Executive Residence, the document shows, an office that is exempt from rules that require federal agencies to solicit competitive bids and disclose details to the public.”
Trump Posts Image of Golden Eagle Affixed to Balcony
“President Donald Trump Monday evening posted what appeared to be an AI-generated image of a large, golden eagle affixed to the Truman Balcony of the White House,” CNN reports.
Wrote Trump: “A Golden Gift to the White House for its 250th Birthday Year!”
“But the image does not appear to be a real photograph, based on small differences between the railing of the balcony in the picture and the real-life Truman Balcony. The shield also features 11 stars, as opposed to 13, which traditionally reflect the original 13 colonies at the time of America’s founding.”
Colorado Primary Tests Democratic Party Split
“One week after Democratic insurgent victories in New York, the focus is now moving to Colorado, where challenges in a trio of races are threatening candidates backed by the party establishment — Senators Michael Bennet and John Hickenlooper and Rep. Diana DeGette,” CBS News reports.
Trump Relies on Vance and Rubio on Iran
“As he tries to hammer out a peace deal with Iran, President Trump has a dovish adviser in Vice President Vance perched on one figurative shoulder — and a hawkish Secretary of State Marco Rubio on the other,” Axios reports.
“The success of the talks — and therefore the health of global oil markets — greatly depends on how well Trump deploys each man to balance competing interests in Iran, Israel and Lebanon.”
Bloomberg: Iran talks may go in circles.
‘Fiscal Responsibility’ Congressman Plans to Stiff Creditors
“As a congressional candidate, former Rep. Robert Pittenger, a North Carolina Republican, promised ‘fiscal responsibility’ and a conservative approach to government finances,” NOTUS reports.
“But the ex-congressman’s old campaign committee still owes creditors hundreds of thousands of dollars — and does not plan to ever pay them back.”
Dead Heat in Texas
“The Democratic Party has a serious chance to win a Senate seat in Texas for the first time in a generation, as James Talarico, a Democratic state legislator, begins the summer locked in a tied race with Ken Paxton, the Republican state attorney general weighed down by past scandals,” according to a New York Times/Siena poll.
“Overall, Mr. Talarico and Mr. Paxton each garnered 47 percent of the vote in the poll.”
Nate Cohn: “Just about everything would need to go right for Democrats to win a state that President Trump won by 14 percentage points in 2024 — and, so far, everything has.”
Few Ukrainians Approve of U.S. Leadership
“As US efforts to end the Ukraine war languish, the number of Ukrainians who approve of leadership in Washington has reached a record low,” Semafor reports.
“Just 7% of Ukrainians said they approve of US leadership, according to a Gallup poll taken in April. That figure is 59 points lower than it was four years ago, when the war had just started and the Biden administration had stepped up military support.”
Uncertainty Clouds Next Step in US-Iran Negotiations
“The United States and Iran are sharing conflicting messages about the prospects of a meeting between key negotiators in Qatar this week, injecting even more uncertainty into a peace process that is supposed to be focused on addressing Iran’s nuclear program but has so far been dominated by the Strait of Hormuz,” ABC News reports.
Trump Renews Threat to Fire Fed Governor
“Shortly after the Supreme Court blocked President Trump from immediately ousting a sitting governor from the Federal Reserve, the president struck a defiant note, signaling he would not surrender his long-running fight to gain more sway over one of the most important stewards of the U.S. economy,” the New York Times reports.
“In the eyes of Mr. Trump, the 5-to-4 decision reached by the justices on Monday amounted only to a legal setback, not an insurmountable defeat. Even as the court acknowledged the century-old tradition of political independence at the nation’s central bank, it did not totally foreclose on the president’s ability to try to dismiss its officials in the future.”
Trump’s Supreme Court Wins Hit One Wall: The Economy
“The Supreme Court this term gave President Trump powers over the federal government that no modern president has held. But it blocked his administration on two of the biggest issues for markets: the Fed and tariffs,” Axios reports.
“Its rulings hand the president firmer command of the federal bureaucracy, signaling to businesses that regulatory policy will be less stable — and more political — with every election.”
”But the cases preserve limits around the Fed and emergency tariff powers, where investors feared political interference could unsettle markets.”
GOP Advances Plan to Link Pentagon and Election Bills
“The House Rules Committee advanced a procedural measure aimed at breaking an intra-Republican deadlock Monday night. But GOP leaders are still facing a major battle Tuesday to regain control of the House floor,” Politico reports.
“The panel approved on party lines a measure to set up Republicans’ $1.1 trillion defense policy bill, a government funding bill and other GOP bills for floor debate. It would then combine the Pentagon bill, once passed, with the contentious elections overhaul known as the SAVE America Act and send it to the Senate as one piece of legislation.”
What JD Vance Accidentally Got Right About Watergate
The Atlantic: “Vance is correct about how Watergate would’ve landed today, but the lesson is not what he claims. Since 1974, Americans have become pessimistic about their leaders, deeply polarized in their partisanship, and distrustful of the media—all of which means that Watergate very well might pass quickly in today’s environment.”
“The best evidence is that the Trump administration weathers scandals on the Watergate level routinely.”
As Rep: Jim McGovern (D-MA) said: “We do a Watergate twice a day’ is a crazy way to confess your own corruption.”
Supreme Court Disclosures Detail Justices’ Outside Income
“Supreme Court justices earned millions from books, teaching and other outside income in 2025, newly released financial disclosures show,” Axios reports.
“Four of the eight justices who reported outside income disclosed more than $2 million in combined royalties.”
Trump Considers 250 Pardons for the 250th
The Atlantic: “Since returning to the White House for his second term, Trump has wielded his authority to grant clemency with abandon. He issued pardons or commuted the sentences of nearly 1,600 people associated with the January 6 Capitol riot on his first day back in office and has publicly mused since about preemptively pardoning aides and allies.”
“Now the White House is discussing a possible announcement of presidential pardons as a centerpiece of the nation’s semiquincentennial celebrations over the Fourth of July weekend, according to 14 people familiar with the conversations. The idea has been described as ‘250 pardons for 250 years,’ an initiative that would put one of the most politically fraught constitutional powers at the forefront of the country’s birthday festivities.”
Kean Set to Speak at the Capitol After Mysterious Absence
“Representative Tom Kean Jr., the New Jersey Republican who disappeared from Congress and the campaign trail in March with almost no explanation, is set to return to the Capitol on Tuesday and address the mysterious health condition he says has kept him away,” the New York Times reports.
“Mr. Kean, a 57-year-old seeking a third term in a competitive district, has missed more than 100 votes since he was last seen in public more than 100 days ago. His re-emergence will be closely watched after months during which he and his staff refused to disclose anything about where he was or what was keeping him away.”
CNN: After mysterious four-month absence, GOP congressman plans grand return.
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