June 13, 2025

politics

Crypto

Senate rejects effort to block arms sales over Trump’s dealings with Qatar and UAE

By MARY CLARE JALONICK WASHINGTON (AP) — Senate Republicans have blocked an effort by Democrats to temporarily block arms sales to Qatar and the United Arab Emirates in response to President Donald Trump’s dealings in the region. Democrats forced two procedural votes Wednesday to protest Qatar’s donation of a $400 million plane to be used

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Loans

How the ‘big, beautiful’ bill would hit college student loans

Republicans, however, challenged Biden’s assertion of executive authority over the loan program and won a 2023 Supreme Court ruling that vastly scaled back debt forgiveness. Now, under the Trump-backed budget bill pending before the Senate, the loan program would be simplified and its terms made less generous to borrowers. (The House already passed the bill

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Funds

Primary care; RIPTA; ‘Taylor Swift tax’

House Speaker Shekarchi describes priorities in new $14.3B RI budget House Speaker K. Joseph Shekarchi describes the priorities in new $14.3B state budget Rhode Island House Democrats proposed a $14.3 billion budget that increases health care funding without raising income taxes on the wealthy. The budget includes a tax on second homes valued over $1

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Funds

Measure to divert transportation funds from counties dropped – Twin Cities

Lawmakers removed a measure that would have diverted $93 million in funding from counties to the Met Council from the transportation funding bill Monday during the Legislature’s special session. Under 2023 legislation metro area counties have received 17% of funds derived from a three-fourth cent regional transportation sales tax, with the remaining 83% going to

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Crypto

Democrats are drawing closer to the crypto industry despite Trump divisions

WASHINGTON (AP) — As President Donald Trump builds a crypto empire — including hosting a private dinner with top investors at his golf club — Democrats have united in condemning what they call blatant corruption from the White House. But the Democratic Party’s own relationship with the emerging crypto industry is far less cut and

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Banking

Senate banking budget bill overhauls CFPB funding

WASHINGTON — The Senate Banking Committee’s contribution to the “big, beautiful bill” would cut funding for the Consumer Financial Protection Bureau and eliminate the Office of Financial Research — just two of many provisions included in the legislation.  The bill would drastically change the funding structure of the CFPB by removing its ability to fund

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Investors

Investors dump Tesla on bet that Trump may lash out at Musk through his car company

Other news we’re following: Merz says he found Trump open to dialogue and committed to NATO: German Chancellor Friedrich Merz said Friday, a day after meeting with Trump at the White House, that he encountered a US administration open to discussion and returned confident that Washington remains committed to NATO. Judge puts temporary hold on Trump’s latest

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Investors

Transgender troops face deadline to voluntarily leave the military

‘See you in the woodchipper,’ ex-USAID staffers tell Musk — 2:00 p.m. By the Associated Press A social media account run by recently terminated staffers of the US aid agency that Elon Musk helped destroy had parting words for Musk Friday after his public falling-out with President Donald Trump. “We’ll see you in the woodchipper,”

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Investors

Supreme Court allows DOGE team to access Social Security systems with personal data

US charges Kilmar Abrego Garcia with transporting people who were in the country illegally — 4:00 p.m. By the Associated Press Abrego Garcia, whose mistaken deportation to El Salvador became a political flashpoint in the Trump administration’s stepped-up immigration enforcement, was being returned to the United States to face criminal charges related to what the

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Finance

Ukraine Finance Minister Keeps Trade Moving, Wants More Russia Sanctions

Illustration: Uli Knörzer for Bloomberg Three years into Russia’s invasion, Sergii Marchenko is courting donors and reassuring investors to ensure his country can continue fighting. June 6, 2025 at 4:00 AM EDT What does it take to run the finances of a country at war? That question is at the heart of this week’s conversation

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