August 3, 2025

politics

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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Investors

Tesla stock plunges as Musk’s feud with Trump spooks investors

By BERNARD CONDON, Associated Press Investors bought hundreds of billions of dollars of Tesla stock after Donald Trump was elected on a bet that politics were more important that profits. In three hours Thursday, they learned yet again how dangerous that gamble could be. Shares of Elon Musk’s electric vehicle maker plunged more than 14%

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Investment

Jacksonville’s Downtown Investment Authority has three CEO finalists

Downtown Jacksonville update: Apartments, townhomes under construction Construction is underway at the Four Seasons Hotel & Residences Jacksonville and One Riverside developments in downtown Jacksonville, Florida. Jacksonville City Council withdrew a proposal to gain authority to terminate the Downtown Investment Authority’s CEO. Three finalists will interview for the CEO position next week. Concerns arose that

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Crypto

Editorial: Office for sale — Trump’s cryptocurrency self-dealings corrupt Washington | Opinion

The following editorial appeared in the New York Daily News. It does not necessarily reflect the opinion of The Meadville Tribune. President Donald Trump has been forthright and transparent in his desire to enrich himself with his cryptocurrency memecoin profiting off of his high public office. Trump is beyond shame, but this corrupt debasement of

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