Trump Media & Technology Group, which is behind the Truth Social app and controlled by the president’s family, aims to raise $2 billion in fresh equity and another $1 billion via a convertible bond to spend on cryptocurrencies, the Financial Times reports.
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Trump Takes Pay-to-Play to New Level
If you want a private conversation with President Trump, all you need to do is donate $5 million to his super PAC MAGA Inc., the New Yorker reports.
Gretchen Whitmer Has 63% Approval Rate
Though Michigan Gov. Gretchen Whitmer (D) drew ire from many Democrats for her willingness to work with President Trump, a new polling memo shows her with a healthy 63% job approval rating among Michigan voters.
GOP Declares War on GAO
Politico: “The independent Government Accountability Office has served Congress as the nation’s chief investigator of wrongdoing at federal agencies for more than a century. Now it’s under assault.”
“The typically uncontroversial, under-the-radar agency is fighting to retain power against attempts by Republicans in the Trump administration and on Capitol Hill to undercut its legal conclusions and independence — an onslaught that has been fast and furious.”
Trump or Zelensky Could Disrupt NATO Summit
“The head of NATO wants the alliance’s annual summit meeting next month to be short and sweet, European officials and diplomats say, to prevent the kind of open disunity over Ukraine that marred the gathering two years ago,” the New York Times reports.
“But two things could leave the alliance’s secretary general, Mark Rutte, presiding over a more difficult event: President Trump, who is expected to attend, is at odds with allies over Ukraine’s future. And Ukraine itself wants to join NATO, an outcome Mr. Trump opposes.”
Trump Weighs New Sanctions Against Russia
“President Trump is eyeing sanctions against Moscow this week as he grows frustrated by Russian President Vladimir Putin’s continued attacks on Ukraine and the slow pace of peace talks,“ the Wall Street Journal reports.
“The restrictions likely wouldn’t include new banking sanctions, one of the people said, but other options are under discussion to pressure the Russian leader into concessions at the negotiating table, including a 30-day cease-fire supported by Ukraine that Russia has long rejected. Trump might also decide not to impose new sanctions.”
Trump Pardons Former Virginia Sheriff
“President Donald Trump on Monday announced that he will pardon a former Virginia sheriff convicted of taking more than $75,000 in bribes in exchange for appointing businessmen as auxiliary deputy sheriffs within his department,” Fox News reports.
Military Parade Concerns Dissolve With Trump’s Pentagon
“In President Trump’s first term, the Pentagon opposed his desire for a military parade in Washington, wanting to keep the armed forces out of politics,” the New York Times reports.
“But in Mr. Trump’s second term, that guardrail has vanished. There will be a parade this year, and on the president’s 79th birthday, no less.”
“The current plan involves a tremendous scene in the center of Washington: 28 M1A1 Abrams tanks (at 70 tons each for the heaviest in service); 28 Stryker armored personnel carriers; more than 100 other vehicles; a World War II-era B-25 bomber; 6,700 soldiers; 50 helicopters; 34 horses; two mules; and a dog.”
Trump’s Tariffs Have ‘Massive Impact’ on Small Business
New York Times: “Tariffs pose even bigger risks to small businesses. They typically don’t have the deep financial reserves needed to weather economic problems, the heft to demand lower prices from suppliers and the sway to lobby the government for exemptions from tariffs.”
Trump Praised Himself During Memorial Day Speech
“President Trump highlighted the sacrifices of military veterans during a Memorial Day speech at Arlington National Cemetery,” the New York Times reports.
“But he also used his remarks to valorize himself, taking credit for bringing the Summer Olympics and soccer’s World Cup to the United States during his second term and boasting about his plans for a military parade next month in Washington.”
Washington Post: On Memorial Day, Trump honors fallen soldiers and celebrates political wins.
Russia Says Trump Suffering from ‘Emotional Overload’
Russia has suggested that Donald Trump is suffering from “emotional overload” as it deflected his criticism of its record drone strikes on Ukraine at the weekend, The Telegraph reports.
Trump Threatens to Redistribute $3 Billion in Harvard Grants
“President Trump on Monday said he was considering taking billions in grant money away from Harvard University and redistributing it to trade schools across the U.S., the latest salvo in his administration’s campaign against the Ivy League institution,” the Wall Street Journal reports.
New York Times: “The announcement, among the president’s Memorial Day social media messages, did not appear to refer to any new cut in funding, but rather to a redistribution of money the administration already announced it had frozen or stripped from Harvard and its research partners.”
“Mr. Trump gave no details about how such a plan would work.”
California Republicans Would Love Kamala Harris to Run
“California Republicans love to hate Kamala Harris. And they’d really love her to run for governor,” Politico reports.
“Republicans are exceedingly unlikely to win a governor’s race in the deep-blue state. But Harris’s possible entry is already bringing GOP candidates tactical benefits, allowing them to run against a high-profile adversary who’s likely to energize donors and the conservative rank-and-file.”
Trump Wishes Everyone a ‘Happy Memorial Day’
President Trump offered this Memorial Day message:
“Happy Memorial Day to all, including the scum that spent the last four years trying to destroy our country through warped radical left minds, who allowed 21,000,000 million people to illegally enter our country, many of them being criminals and the mentally insane, through an open border that only an incompetent president would approve, and through judges who are on a mission to keep murderers, drug dealers, rapists, gang members, and released prisoners from all over the world in our country so they can rob, murder, and rape again — all protected by these USA-hating judges who suffer from an ideology that is sick and very dangerous for our country.”
“Hopefully the United States Supreme Court, and other good and compassionate judges throughout the land, will save us from the decisions of the monsters who want our country to go to hell.”
A New Trump Club
“President Trump’s White House crypto czar, David Sacks, says that Executive Branch, the upcoming Trump-aligned private club in Georgetown that costs as much as $500,000 to join, will be free of stuffy Washington insiders and any worry ‘that the next person over at the bar is a fake news reporter or even a lobbyist’ who ‘we don’t know and we don’t trust,'” the New York Times reports.
“The expectation is that the president will drop by now that he no longer has the Trump International Hotel, where he spent nights in his first term holding forth in the steakhouse and providing fodder for journalists on alert in the lobby. Executive Branch, which has taken over the sprawling space of a defunct bar called Clubhouse, will have what members say is modern décor inspired by Aman New York, a luxurious hotel and private club that opened in 2022. There are to be no prying outsiders.”
Donald Trump’s Politics of Plunder
Evan Osnos: “In a matter of weeks, the flood of cash swirling around the White House swamped whatever bulwarks against corruption remained in American law and culture. There have always been wealthy donors, of course. But a decade ago no one on earth had more than a hundred billion dollars. Now, according to Forbes, at least fifteen people have surpassed that mark. Since Trump first took office, Musk’s net worth has grown from roughly ten billion dollars to more than four hundred billion.”
“The ultra-rich have captured more of America’s wealth than even the nineteenth-century tycoons of the Gilded Age. Scholars who study inequality as far back as the Neolithic period struggle to find precedents.”
Democratic Troubles Revive Debate Over Buzzwords
Washington Post: “As Democrats wrestle with who to be in the era of President Donald Trump, a growing group of party members — especially centrists — is reviving the argument that Democrats need to rethink the words they use to talk with the voters whose trust they need to regain.”
“They contend that liberal candidates too often use language from elite, highly educated circles that suggests the speakers consider themselves smart and virtuous, while casting implied judgment on those who speak more plainly — hardly a formula for winning people over, they say.”
“The latest debate is, in part, also a proxy for the bigger battle over what the Democrats’ identity should be in the aftermath of November’s devastating losses — especially as the party searches for ways to reverse its overwhelming rejection by rural and White working-class voters.”
Trump’s Vision: One World, Three Powers?
New York Times: “His actions and statements suggest he might be envisioning a world in which each of the three so-called great powers — the United States, China and Russia — dominates its part of the globe, some foreign policy analysts say.”
“It would be a throwback to a 19th-century style of imperial rule.”
“Mr. Trump has said he wants to take Greenland from Denmark, annex Canada and re-establish American control of the Panama Canal. Those bids to extend U.S. dominance in the Western Hemisphere are the clearest signs yet of his desire to create a sphere of influence in the nation’s backyard.”
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