“President Donald Trump showed a screenshot of Reuters video taken in the Democratic Republic of Congo as part of what he falsely presented on Wednesday as evidence of mass killings of white South Africans,” Reuters reports.
New Social Security Chief Had to Google His Job
“The newly sworn-in head of the Social Security Administration told agency staff this week that when he was first offered the job in the Trump administration, he wasn’t familiar with the position and had to look it up online,” ABC News reports.
Said Frank Bisignano, a former Wall Street executive: “So, I get a phone call and it’s about Social Security. And I’m really, I’m really not, I swear I’m not looking for a job. And I’m like, ‘Well, what am I going to do?’ So, I’m Googling Social Security. You know, one of my great skills, I’m one of the great Googlers on the East Coast.”
He added: “I’m like, ‘What the heck’s the commissioner of Social Security?'”
Crypto Billionaire Who Feared Arrest Dines With Trump
“Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity,” the Wall Street Journal reports.
“Now, Sun isn’t just back in America. He is about to attend a dinner with President Trump as a VIP guest.”
“After weeks of industry speculation, Sun confirmed in a social-media post Tuesday that he is the largest holder of the president’s $TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with the president on Thursday.”
Trump Won’t Let Harvard Enroll International Students
“The Trump administration on Thursday halted Harvard University’s ability to enroll international students, a major escalation in the administration’s efforts to pressure the college to fall in line with the president’s agenda,” the New York Times reports.
Rand Paul Is a ‘No’ on Reconciliation Bill
Sen. Rand Paul (R-KY) said that while he supports his party’s tax agenda, he cannot support the reconciliation bill if it includes a debt ceiling hike, Politico reports.
Said Paul: “I think if you’re going to raise the debt ceiling $4 or $5 trillion, it indicates that the project afoot isn’t going to fix the deficit at all. Once Republicans vote for this, Republicans are going to own the deficit.”
Senate GOP Promises ‘One Big, Beautiful’ Rewrite
“Senate Republicans are vowing they will make changes to President Donald Trump’s ‘big, beautiful bill’ after it passed the House early Thursday morning,” Politico reports.
“While the end product is likely to contain sweeping areas of overlap with the proposal negotiated by Speaker Mike Johnson, GOP senators made clear Thursday that the House bill can’t pass without major changes. Some of the member demands are contradictory, with some fiscal hawks demanding beefed-up spending reductions while others want softening of the House’s Medicaid language and to preserve more green-energy incentives.”
The ‘Triple B’ Plan
Gillian Tett: “When Republican congressmen first crafted their so-called ‘One Big Beautiful Bill Act’, some of President Donald Trump’s advisers dubbed it the ‘Triple B’ plan in internal meetings for brevity, or so I am told.”
“Future historians might well chuckle at the irony — and/or Trump’s lack of self-awareness. ‘Triple B’, after all, is also the tag that credit ratings groups use to designate the lower threshold of investment grade assets, before they become ‘junk’, with rising default risk.”
Chip Roy Insists He’s Still Fighting
Rep. Chip Roy (R-TX), who voted in favor of the budget reconciliation bill early this morning, insists he’s not done fighting over the package, Punchbowl News reports.
Said Roy: “Everybody get ready. We’re going to have some red lines this time. And when we say red lines, I mean it.”
Ron Johnson Won’t Be Swayed by Trump’s Pressure
Sen. Ron Johnson (R-WI) continues to be a problem for the Republican leadership, telling Punchbowl News the House reconciliation bill doesn’t cut spending nearly enough.
“When we pointed out to Johnson that many House members expressed the same concerns and then folded when Trump swooped in, he was defiant.”
Said Johnson: “In the House, President Trump can threaten a primary. Those guys want to keep their seats, I understand the pressure. He can’t pressure me that way.”
White House Explains Reasons for Poor Health
“The White House blamed exposure to environmental toxins, poor nutrition, and increased screen time for a decline in Americans’ life expectancy Thursday, in a major administration report that also casts doubt on the current vaccine schedule and medications deemed safe by most in mainstream medicine,” the Washington Post reports.
The report also declared that “today’s children are the sickest generation in American history in terms of chronic disease.”
A Collision with the Bond Markets Awaits
The Economist: “Complacent about being the world’s haven, America has been budgeting without any sense of restraint. Over the past year the federal government has borrowed a staggering $2 trillion, or 6.9% of GDP, even though no crisis has drained its coffers. On May 16th Moody’s, a rating agency, stripped the country of its last headline triple-A credit score. Yet on May 22nd the House of Representatives passed, by just one vote, President Donald Trump’s ‘big, beautiful’ budget bill, which cuts taxes and raises deficits. Reflecting the rising fiscal risk, the yield on 30-year Treasuries has risen to 5.1%, the highest since 2007, amid a sell-off.”
“America has more fiscal leeway than other countries, but the Republican Party seems determined to test its limits.”
Josh Barro: Trump is about to learn you can’t spin the bond market.
Judge Blocks Layoffs at Department of Education
A federal judge in Boston has blocked President Trump’s executive order to shut down the Department of Education, the Washington Post reports.
The order says the Trump administration must “restore the Department to the status quo such that it is able to carry out its statutory functions.”
Another Sign Elon Musk Has Moved On from Politics
Earlier this year, “as many as 75% of Elon Musk’s posts on X were about DOGE or U.S. politics,” the Washington Post reports.
That figure that has fallen to 10% recently as Musk has resumed “posting more about battery technology and AI.”
Americans Now Support Unions by Record-High Margin
“The popularity of labor unions surged over the past decade, while American sentiment toward big business has fallen,” Axios reports.
“The approval switcheroo helps explain, in part, why the Republican Party has been courting labor unions in recent years.”
Lutnick Teases Launch of Trump’s ‘Gold Card’ Visa
Commerce Secretary Howard Lutnick said that foreign nationals with $5 million to spare will soon be able to register for a new “gold card” visa that would give them the right to live and work permanently in the United States, CNN reports.
Said Lutnick: “I expect there will be a website up called TrumpCard.gov in about a week.”
Musk’s Exit from Politics Leaves Republicans Cold
“Elon Musk’s pledge to step back from campaign spending — if he means it — is rippling across the nation’s political landscape,” Politico reports.
“Some Republicans are worried that they might be losing their whale. Some Democrats fear they are losing their foil.”
Supreme Court Blocks Religious Charter School
“The Supreme Court on Thursday, in a 4-4 ruling, said Oklahoma cannot create the nation’s first religious charter school funded directly with taxpayer dollars,” ABC News reports.
“Justice Amy Coney Barrett did not take part in the decision.”
New York Times: “The brief ruling in one of the most anticipated cases of the term came as a surprise, after the oral arguments in April. A majority of the justices had appeared open to allowing Oklahoma to use government money to run the nation’s first religious charter school.”
Washington Post: “A ruling for St. Isidore of Seville Catholic Virtual School would have allowed, for the first time, direct and complete taxpayer funding to establish a faith-based school, sanctioning government sponsorship of a curriculum that calls for students to adhere to Catholic beliefs and the church’s religious mission.”
Audiobook of Melania’s Memoir Created with AI
“First lady Melania Trump is getting an assist from artificial intelligence for an audiobook version of her memoir that was created entirely with AI and audio technology,” ABC News reports.
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