Tax cut and budget bill will ultimately pass, says former Chief of Staff Marc Short
Marc Short, former Chief of Staff to VP Pence, joins 'Squawk on the Street' to discuss the latest bill to work its way through Congress, the Musk-Trump debacle and much more.
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Hamilton Spectator
37 minutes ago
- Hamilton Spectator
Panama's president appeals to a higher power as nearly 2 months of protests roil nation
PANAMA CITY (AP) — Panama's José Raúl Mulino appealed to a higher power on Friday, calling in an archbishop and a rabbi to deliver a message to striking banana workers after nearly two months of social protest that have roiled the country. Mulino has said he won't reverse controversial changes to Panama's social security system, courts have deemed the strike illegal and top banana Chiquita Brands fired nearly 5,000 striking workers last month in Panama's western Bocas del Toro province. But nothing has stopped the protests. So at his weekly news briefing Friday, Mulino said he had met with Archbishop José Domingo Ulloa and one of Panama's leading Jewish figures, Rabbi Gustavo Kraselnik, to enlist them as intermediaries. He gave Ulloa a personal letter to bring to Francisco Smith, leader of the striking banana workers' union. In the letter, Mulino said, he committed to send proposed legislation to the Congress that would be favorable for the country's banana sector, above all its workers. But he conditioned the proposal on former workers lifting their protest. There was precedent for the maneuver. In 2022, Ulloa brokered a dialogue that eased protests over the high cost of fuel and food. In 2018, Ulloa mediated a dispute between parts of the government. Smith, secretary general of the Banana Industry Workers Union, had said earlier Friday before Mulino's announcement that he was open to dialogue. Union leaders planned to travel to the capital Monday to meet with the president of the National Assembly and present a list of demands. He insisted, however, that changes be made to the social security reform. Smith, who has led the protest in western Bocas del Toro province, has said the social security reform passed in March threatens the special privileges laid out for banana workers in another law, covering things like subsidies and labor protections. The impact has been acute. Chiquita Brands said last month they had lost at least $75 million before announcing a temporary halt to their operations in Panama. Demonstrations have not been limited to the banana workers , to Bocas del Toro or even to the social security changes. At various times teachers, construction workers and students have protested as well. Authorities have said they'll withhold the pay of 15,000 treachers for their strike. On Thursday, border police clashed with protesters who had blocked a highway in eastern Darien province, leaving injured on both sides. In addition to the social security changes, demonstrators have protested a security agreement giving U.S. troops access to some Panamanian facilities and efforts to reopen a massive copper mine. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
39 minutes ago
- Yahoo
Panama's president appeals to a higher power as nearly 2 months of protests roil nation
PANAMA CITY (AP) — Panama's José Raúl Mulino appealed to a higher power on Friday, calling in an archbishop and a rabbi to deliver a message to striking banana workers after nearly two months of social protest that have roiled the country. Mulino has said he won't reverse controversial changes to Panama's social security system, courts have deemed the strike illegal and top banana Chiquita Brands fired nearly 5,000 striking workers last month in Panama's western Bocas del Toro province. But nothing has stopped the protests. So at his weekly news briefing Friday, Mulino said he had met with Archbishop José Domingo Ulloa and one of Panama's leading Jewish figures, Rabbi Gustavo Kraselnik, to enlist them as intermediaries. He gave Ulloa a personal letter to bring to Francisco Smith, leader of the striking banana workers' union. In the letter, Mulino said, he committed to send proposed legislation to the Congress that would be favorable for the country's banana sector, above all its workers. But he conditioned the proposal on former workers lifting their protest. There was precedent for the maneuver. In 2022, Ulloa brokered a dialogue that eased protests over the high cost of fuel and food. In 2018, Ulloa mediated a dispute between parts of the government. Smith, secretary general of the Banana Industry Workers Union, had said earlier Friday before Mulino's announcement that he was open to dialogue. Union leaders planned to travel to the capital Monday to meet with the president of the National Assembly and present a list of demands. He insisted, however, that changes be made to the social security reform. Smith, who has led the protest in western Bocas del Toro province, has said the social security reform passed in March threatens the special privileges laid out for banana workers in another law, covering things like subsidies and labor protections. The impact has been acute. Chiquita Brands said last month they had lost at least $75 million before announcing a temporary halt to their operations in Panama. Demonstrations have not been limited to the banana workers, to Bocas del Toro or even to the social security changes. At various times teachers, construction workers and students have protested as well. Authorities have said they'll withhold the pay of 15,000 treachers for their strike. On Thursday, border police clashed with protesters who had blocked a highway in eastern Darien province, leaving injured on both sides. In addition to the social security changes, demonstrators have protested a security agreement giving U.S. troops access to some Panamanian facilities and efforts to reopen a massive copper mine.
Yahoo
an hour ago
- Yahoo
Trump Is Pleased Because He Finally Agrees With Elizabeth Warren On Something: Scrap The Debt Limit To Prevent An 'Economic Catastrophe'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump endorsed abolishing the federal debt limit, unexpectedly siding with long-time critic Sen. Elizabeth Warren (D-Mass.) as Congress races to keep the government from hitting its $37 trillion borrowing cap. What Happened: Trump on Wednesday urged Congress to "entirely scrap" the nation's debt limit, echoing a call Warren issued last week. The president said, in a Truth Social post, that leaving the cap in place hands "economic catastrophe" to politicians who weaponize every vote. Warren posted a similar message on May 30, warning that failure to act would "prevent an economic catastrophe." Trending: Start investing with eToro's CopyTrader — . Screenshot From President Donald Trump's Truth Social Account Treasury Secretary Scott Bessent has told lawmakers the government could exhaust its borrowing authority by August, intensifying a partisan clash over Trump's 1,100-page tax-and-spending plan, which already includes a debt-limit increase. The Congressional Budget Office estimates that package would swell federal deficits by $2.4 trillion over 10 years — a projection Warren blasted even as she embraced Trump's call to kill the It Matters: The unusual alignment between Trump and Warren follows years of barbs — Trump once mocked Warren as "Pocahontas" over her Native-American ancestry claims. At the same time, Warren has labeled his economic agenda "textbook corruption." Their latest spat flared again on Tuesday when Warren warned Trump that his 'One Big Beautiful Bill' could fuel rising rents and violate Senate procedural rules. While Trump and Warren now agree on abolishing the limit, they diverge on his broader package. Warren argues it favors the wealthy and piles on debt, citing CBO data. On the other hand, Trump insists the measure delivers growth via tax relief, spending trims, and border security funding. House and Senate leaders must decide whether to keep the limit-scrapping provision in Trump's omnibus bill or stage a separate vote. A failure to strike a deal before August would force the Treasury to deploy "extraordinary measures" — an expensive stop-gap both parties say they want to avoid. Read next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo courtesy: / This article Trump Is Pleased Because He Finally Agrees With Elizabeth Warren On Something: Scrap The Debt Limit To Prevent An 'Economic Catastrophe' originally appeared on
