August 5, 2025

Trump administration

Funds

Wisconsin sues Education Department over youth mental health fund cuts

Senators grill Education Secretary Linda McMahon over proposed cuts Education Secretary Linda McMahon testified to Congress over proposed budget cuts. Wisconsin Attorney General Josh Kaul has joined a multistate lawsuit against the U.S. Department of Education after it abruptly terminated $1 billion in five-year grants, including $10 million in Wisconsin, meant to support school-based mental

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Funds

Lower Hudson NY after-school programs in danger as federal funds stop

President Trump’s big bill passes Senate with help from JD Vance President Donald Trump’s amended bill was narrowly passed by the Senate, with Vice President JD Vance’s vote breaking the 50-50 tie. The Trump administration may eliminate federal funding for the 21st Century Community Learning Centers, impacting after-school programs nationwide. The cuts will affect nearly

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Funds

Trump administration freezes $6.8 billion in federal education funds; California hit hard

The Trump administration on Monday moved to withhold a projected $6.8 billion nationwide in education funds — including at least $811 million from California — money appropriated by Congress to boost teacher training, after-school programs and classroom technology and to help students who are learning English and those who are from migrant families. Although the

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Loans

Senate awaits ‘Big, Beautiful bill’ vote. How student loans may change

The winners and losers in the ‘big beautiful bill’ These are the potential winners and losers from the tax bill, which President Donald Trump has dubbed the ‘big beautiful bill’. Congress is closer than it’s been in a long time to massively reforming college financial aid. On June 10, GOP lawmakers in the U.S. Senate

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Crypto

A look at the major players in the crypto industry and their ties to Donald Trump – The Mercury News

By WILL WEISSERT, Associated Press WASHINGTON  — President Donald Trump took office in January pledging to “make America the crypto capital of the world.” He has since harnessed wide swaths of the federal government to bolster the industry — all while raking in huge sums of money for his family’s business. By some estimates, crypto

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Investors

Stock futures rise as investors bet that Iran-Israel truce will stick

Expert breaks down Israel-Iran developments Here’s what could happen next between Israel and Iran 03:48 Stocks look set to extend their gains Tuesday, with futures contracts climbing amid investor hopes that Israel and Iran would abide by a ceasefire announced by President Trump. As of 8:51 a.m. EDT, S&P 500 futures were up 42 points,

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Crypto

A Pivotal Case Shaping Cryptocurrency Regulation

A recent enforcement action suggests a new approach to regulating cryptocurrency. The 2024 U.S. presidential election and recent judicial decisions have prompted a reevaluation of administrative authority within federal agencies. Recent U.S. Supreme Court decisions have signaled limits to regulatory overreach, a theme echoed in the 2024 district court decision in Securities and Exchange Commission

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Funds

Trump Threatens Musk with ‘Very Serious Consequences’ if He Funds Democrats

The feud between Elon Musk and Donald Trump seems to have gone from a full boil to a simmer over the weekend, but don’t rule out the possibility of the heat getting turned up again. In a conversation with NBC News, Trump said he has no interest in making nice with Musk right now, but

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Banking

Trump admin cracks down on Iranian shadow banking system

The United States has levied sanctions against over 30 individuals and entities implicated in an Iranian “shadow banking” network, Reuters reports. The US Treasury Department announced Friday that this network has laundered billions of dollars through the global financial system, serving as a critical financial artery for the Iranian regime. The sanctions target Iranian nationals

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Crypto

Trump administration’s embrace of cryptocurrency marks ‘sea change’ from Biden era

Big players in the crypto industry are in Las Vegas this week for the Bitcoin 2025 conference, which is billed as “the world’s largest Bitcoin event.” Among the speakers are Vice President JD Vance and the White House’s AI and Crypto Czar, David Sacks — another very public signal of the Trump administration’s embrace of

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