Capitol Hill is in a frenzy over the latest debt deal reached between lawmakers.
Watch Amanda explain the situation below:
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On Tuesday, President-elect Donald Trump is expected to announce his nomination for Secretary of Commerce: Howard Lutnick.
Lutnick is the chair and CEO of Cantor Fitzgerald and is also currently serving as co-chair of the Trump transition. He has notably publicly embraced Trump’s tariff plans, which will be a major part of the job leading Commerce.
The CEO was considered a front-runner to serve as Trump’s Treasury secretary along with Scott Bessent, who served as economic adviser on the Trump campaign.
Trump just released a statement:
I am thrilled to announce that Howard Lutnick, Chairman & CEO of Cantor Fitzgerald, will join my Administration as the United States Secretary of Commerce. He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative.
In his role as Co-Chair of the Trump-Vance Transition Team, Howard has created the most sophisticated process and system to assist us in creating the greatest Administration America has ever seen.
Lutnick beat out Linda McMahon for the role leading Commerce who was considered a front runner and previously led the Small Business Administration during Trump’s first term.
McMahon is also a co-chair of his transition effort.
This is a breaking news story. Click refresh for the latest updates.
United Airlines CEO Scott Kirby is reportedly floating a blockbuster idea inside the Trump orbit: a potential merger with American Airlines that would create the largest airline in the world — and instantly reshape the U.S. aviation industry.
According to reports, Kirby raised the possibility toward the end of a White House meeting focused on the future of Washington Dulles International Airport. The timing is notable. Transportation Secretary Sean Duffy has already launched an initiative to “revitalize” Dulles, signaling a broader push to strengthen major U.S. travel hubs and compete globally.
And the stakes are massive. Data from the Metropolitan Washington Airports Authority shows that a dominant 68.5 percent of commercial passengers at Dulles in December flew United — underscoring just how much influence one airline already holds at a key East Coast gateway.
Now imagine that power combined.
In 2023, United and American ranked first and third, respectively, in revenue by passenger miles among U.S.-based airlines, according to the Bureau of Transportation Statistics. A merger between the two wouldn’t just be big — it would create an aviation giant unlike anything seen before, potentially giving the U.S. a dominant global carrier at a time of rising international competition.
Kirby, who knows both companies well, previously served as president of American Airlines after its 2013 merger with U.S. Airways before joining United in 2016 — adding another layer of intrigue to the reported pitch.
Not surprisingly, the reaction from Washington’s political class — especially on the left — was immediate and hostile.
Sen. Ruben Gallego (D-Ariz.) fired off a blunt response on X, writing, “That’s gonna be a no.”
Matt Stoller, a researcher at the anti-monopolist American Economic Liberties Project, went even further, calling the idea “corporate crime” that is “now legal.”
But behind the outrage is a deeper policy divide. Under Trump appointee Andrew Ferguson, the Federal Trade Commission has taken a more business-friendly approach than it did under former Chair Lina Khan, whose aggressive antitrust stance often targeted large corporate mergers. For many conservatives, that shift reflects a broader belief that American companies need scale to compete with state-backed foreign rivals — particularly in industries like aviation.
Still, even some legal experts say the proposal would face an uphill battle.
Antitrust lawyer Seth Bloom told Reuters the deal would be unlikely to survive regulatory scrutiny, warning that it could hit consumers where it hurts most: prices.
“The administration has said it really cares about the issues that affect the consumer’s pocketbook, and this would give the airlines more pricing power,” Bloom said.
That tension — between building a stronger, more competitive American airline industry and protecting consumers from higher costs — is likely to define the debate if this idea gains traction.
For now, Kirby’s reported pitch remains just that — a pitch.
On Thursday, a Manhattan grand jury found financier Bruce Garelick guilty of insider trading charges in a scheme that involved the merger of former President Donald J. Trump’s social media company with a publicly traded shell company.
Federal prosecutors had charged Garelick with five counts of securities fraud and conspiracy.
Authorities claimed Garelick shared confidential information with his boss and at least one other person that Trump Media & Technology Group, the parent company of Truth Social, was close to announcing a merger with Digital World Acquisition Group, the shell company.
Mr. Garelick, 54, a former hedge fund manager, had been a board member of Digital World.
The New York Times has more:
The information helped two brothers — Michael Shvartsman and Gerald Shvartsman — make nearly $23 million in illegal trading profits by buying Digital World securities in advance of the announcement, which sent the stock soaring. Mr. Garelick, who worked for Michael Shvartsman at a small Miami-based venture capital firm called Rocket One, made about $50,000 by trading off what authorities said was nonpublic information.
Last month, the Shvartsman brothers decided to forgo a trial and pleaded guilty to securities fraud charges. In their plea agreements, prosecutors have recommended a sentence of roughly four to five years for Michael Shvartsman; and three to four years for his younger brother.
Digital World raised about $300 million from investors in its initial public offering in September 2021. A little over a month later, the SPAC announced a deal to merge with Trump Media. After a long delay, the merger was completed in March and Trump Media became a publicly traded company. Mr. Trump’s nearly 70 percent stake in the firm is worth about $6 billion.
In a closing argument, Daniel Nessim, a federal prosecutor, described Mr. Garelick as a “sophisticated professional” who “cheated” and used inside information to benefit himself and his boss, Michael Shvartsman.
Garelick could face at least 25 years in prison.
This is a breaking news story. Please check back for updates.
The Trump family is full of talents.
On Thursday night, RNC chair Lara Trump released her second single and teased the release of several more songs coming soon.
According to Mediaite, Trump—who made headlines with her 2023 cover of Tom Petty’s “I Won’t Back Down”—spontaneously dropped yet another single, “Anything is Possible,” at midnight on Thursday evening.
“A little something I had fun with over the winter,” wrote Trump in a social media post announcing the song. “And a few more too that I’ll save for a future date, special for my YUGE fans in the liberal media [winky face emoji].”
In the uplifting single about faith, which is currently available to stream on Spotify and Apple Music, Trump sings, “I’ve had my ups and downs, cried when no one’s around. Still I gotta put my game face on, even when I’m not feeling strong. No matter how it seems, I wouldn’t trade a thing, ’cause all of it makes me who I am.”
She continues in the chorus, “Don’t think, just jump, you can’t give up. Know that anything is possible. Have faith, believe, just trust, you’ll see, anything is possible.”
It is unclear whether Trump currently has an album in the works or whether she has just produced a collection of singles.
Earlier this month, Trump was elected to serve as co-chair of the Republican National Committee following Ronna McDaniel’s exit.
As Florida legislators weigh a proposal to rename Palm Beach International Airport after President Donald J. Trump, a related trademark filing by a company associated with the Trump Organization is drawing national attention — and predictable political reactions.
Public records show that DTTM Operations, an entity tied to the Trump Organization, filed trademark applications on Feb. 13 for “President Donald J. Trump International Airport” and “Donald J. Trump International Airport.”
A spokesperson for the Trump Organization said the filings are purely defensive and not intended to generate revenue.
“To be clear, the President and his family will not receive any royalty, licensing fee, or financial consideration whatsoever from the proposed airport renaming,” spokesperson Kimberly Banza said in a statement. She explained that the trademark applications are meant to prevent “bad actors from infringing upon or misusing the name.”
The proposal to rename the airport comes as Florida’s GOP-controlled legislature considers honoring Trump, whose Mar-a-Lago residence is located in Palm Beach. Supporters see the move as a fitting recognition of a former and current president with deep ties to the region and a significant political legacy.
Critics, however, have seized on the trademark filings to raise concerns about potential conflicts of interest. Dylan Hedtler-Gaudette of the nonprofit Project on Government Oversight argued that the situation highlights broader questions about presidential business holdings.
Trademark attorney Josh Gerben, who first reported on the filings, described the move as unusual, noting that while airports have been named after past presidents, a sitting president’s private company seeking trademark protection in advance appears to be unprecedented.
Gerben suggested that the filings raise technical legal questions about whether a publicly owned airport would need permission to use the name if it were trademarked — though no such arrangement has been proposed.
The broader political backdrop is hard to ignore. President Trump has long been a polarizing figure, and even routine legal filings tied to his name tend to generate outsized scrutiny. Supporters argue that trademark protection is standard practice for high-profile public figures and brands, particularly given Trump’s long history as a global business leader.
The White House has not indicated that the president is personally involved in the legislative effort. Trump has also denied reports that he is seeking to have other major transportation hubs, such as Washington’s Dulles Airport or New York’s Penn Station, renamed in his honor.
For now, the proposal remains in the hands of Florida lawmakers. Whether the renaming effort moves forward — and whether the trademark filings ultimately matter — will depend on decisions made at the state level.
Former President Donald Trump’s official X account is back…for now.
The first ad, posted at 2:54 am, included a voiceover from Ronald Reagan and was captioned, “Are you better off now than you were when I was president? Our economy is shattered. Our border has been erased. We’re a nation in decline. Make the American Dream AFFORDABLE again. Make America SAFE again. Make America GREAT Again!”
Another ad was published at 3:00 am and read, “They want to silence me because I will never let them silence you. They’re not coming after me, they’re coming after you. I just happen to be standing in their way and I’m never moving. We will Make America Great Again!”
Musk and Trump will talk live on X at 8 pm ET and Musk has already addressed the technical issues that have plagued past events – including the glitchy of Florida Gov. Ron DeSantis’s (R) presidential campaign last spring.
“Am going to do some system scaling tests tonight & tomorrow in advance of the conversation,” Musk wrote on X ahead of the event.
Trump had been banned from Twitter, which Musk bought for a staggering $44 billion and renamed X, after the January 6th attack on the U.S. Capitol.
Trump has only posted once since Musk restored his Twitter account, @realDonaldTrump, as the former president reserves his social media usage for Truth Social, which he owns. In August of 2023, Trump post his Fulton Country jail mugshot with a link soliciting donations.
President-elect Trump announced three special envoys on Thursday with the purpose of promoting business in Hollywood.
Those special ambassadors will be Jon Voight, Mel Gibson, and Sylvester Stallone, Trump said. All three actors are conservative and have appeared publicly with Trump or praised him publicly in the past. Stallone, for example, praised Trump as “the second George Washington” while introducing him at the America First Policy Gala in Palm Beach in November.
“It is my honor to announce Jon Voight, Mel Gibson, and Sylvester Stallone, to be Special Ambassadors to a great but very troubled place, Hollywood, California,” Trump wrote in a Thursday Truth Social post. “They will serve as Special Envoys to me for the purpose of bringing Hollywood, which has lost much business over the last four years to Foreign Countries, BACK—BIGGER, BETTER, AND STRONGER THAN EVER BEFORE!”
“These three very talented people will be my eyes and ears, and I will get done what they suggest,” Trump added. “It will again be, like The United States of America itself, The Golden Age of Hollywood!”
The actors’ support for Trump is particularly significant given the strong anti-Trump sentiment voiced by many Hollywood progressives, such as George Clooney, who embrace politicians like former President Barack Obama.
“When George Washington defended his country, he had no idea that he was going to change the world,” Stallone said of Trump in November. “‘Cause without him, you can imagine what the world would look like. Guess what, we got the second George Washington.”
A reclusive billionaire from a storied American family with a legacy dating back to the Gilded Age has made one of the largest political contributions in the history of American politics.
Timothy Mellon, heir to the Mellon banking fortune, made a $50 million contribution to the pro-Trump super PAC, Make America Great Again Inc.
At the end of April, the organization had only $34.5 million.
In a memo following Mellon’s donation, the PAC announced it had reserved $100 million in advertising through Labor Day.
Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.
Democrats have sought to portray Mr. Kennedy as a spoiler supported by Republicans, in part by emphasizing Mr. Mellon’s dual contributions and seemingly split loyalties. The pro-Kennedy super PAC has distributed quotations from the hard-to-reach Mr. Mellon, and for a blurb that appears on the cover of Mr. Mellon’s upcoming book, Mr. Kennedy called the billionaire a “maverick entrepreneur.”
It is not clear what Mr. Mellon’s mega-donation means for his support of Mr. Kennedy going forward. He has so far toggled between giving to support both candidates. His most recent donation to Mr. Kennedy’s super PAC was a $5 million contribution in April.
But Mr. Mellon’s $50 million gift will significantly help pro-Trump forces narrow the financial advantage that President Biden and his allies have enjoyed so far. Miriam Adelson, the casino billionaire and widow of Sheldon G. Adelson, who died in 2021, has also made plans to fund a pro-Trump super PAC with at least as much money as the $90 million that her family gave in the 2020 campaign, although much of the cash has yet to arrive.
Mellon’s contributions follow Donald Trump‘s conviction in a hush money trial.
Critics argue that the case is politically motivated and based on an overly broad interpretation of campaign finance laws. They add that such payments are common among public figures seeking to avoid public scrutiny.
The Mellon family‘s wealth started when an Irish immigrant named Thomas Mellon founded T. Mellon & Sons’ Bank in Pittsburgh in 1869. His sons, Andrew W. Mellon and Richard B. Mellon, later grew the bank into a strong financial institution. This bank eventually became Mellon Financial Corporation, one of the largest banking institutions in the United States.
During the late 19th and early 20th centuries, Andrew Mellon played a crucial role in financing and supporting key industries such as aluminum, oil, and steel, contributing to the growth of major corporations, such as Gulf Oil, and Union Steel. As secretary of the Treasury from 1921 to 1932, his influence shaped the economic policies of the 1920s, known as the Mellon Plan, which contributed to the economic boom of the decade.
In 2007, Mellon Financial Corporation merged with The Bank of New York to form BNY Mellon, one of the world’s largest asset management and securities services companies, preserving their 150-year legacy in banking and finance.
Article Published With The Permission of American Liberty News
Fox News primetime host Laura Ingraham has been named a board member of a new special-purpose acquisition company (SPAC) led by Donald Trump Jr..
The blank-check firm, Colombier Acquisition Corp. III, filed its registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday, planning to raise 26 million units at $10 each — a total IPO target of about $260 million.
The stated mission of the new SPAC is stirring: the company intends to “fund the next chapter of American Exceptionalism and help Make America Grow Again.”
This initiative brings together heavyweight conservative and business voices:
Supporters in the conservative movement will likely view this development as a concrete manifestation of turning media influence into economic muscle — shaping culture and business in tandem.
The IPO units are expected to trade under the ticker “CLBR U” on the New York Stock Exchange (NYSE).
The next steps will include selecting a target company to merge with, closing the deal, and executing on growth plans. Investors should monitor the company’s announcements and disclosures via SEC filings.
Media watchers will track how this move influences the relationship between conservative media, the Trump business ecosystem, and public market investment.
