logo
Liberals to pass major projects bill this week with Conservative support

Liberals to pass major projects bill this week with Conservative support

Edmonton Journal9 hours ago

Article content
OTTAWA — Conservatives will be supporting the Liberal government's internal trade and major projects bill that is expected to be passed before Canada Day, revealed Leo Housakos, the leader of the Opposition in the Senate.
Housakos confirmed the news as he was questioning Minister of Transport and Internal Trade Chrystia Freeland during a pre-study of the bill on Monday afternoon.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Senate expected to pass crypto bill without addressing Trump's investments
Senate expected to pass crypto bill without addressing Trump's investments

Winnipeg Free Press

time3 hours ago

  • Winnipeg Free Press

Senate expected to pass crypto bill without addressing Trump's investments

WASHINGTON (AP) — The Senate is expected to approve legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what is expected to be a wave of crypto legislation from Congress that the industry hopes will bolster its legitimacy and reassure consumers. The fast-moving legislation, which will be sent to the House for potential revisions, comes on the heels of a 2024 campaign cycle where the crypto industry ranked among the top political spenders in the country, underscoring its growing influence in Washington and beyond. Eighteen Democratic senators have shown support for the legislation as it has advanced, siding with the Republican majority in the 53-47 Senate. If passed, it would become the second major bipartisan bill to advance through the Senate this year, following the Laken Riley Act on immigration enforcement in January. Still, most Democrats oppose the bill. They have raised concerns that the measure does little to address President Donald Trump's personal financial interests in the crypto space. 'We weren't able to include certainly everything we would have wanted, but it was a good bipartisan effort,' said Sen. Angela Alsobrooks, D-Md., on Monday. She added, 'This is an unregulated area that will now be regulated.' Known as the GENIUS Act, the bill would establish guardrails and consumer protections for stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar. The acronym stands for 'Guiding and Establishing National Innovation for U.S. Stablecoins.' It's expected to pass Tuesday, since it only requires a simple majority vote — and it already cleared its biggest procedural hurdle last week in a 68-30 vote. But the bill has faced more resistance than initially expected. There is a provision in the bill that bans members of Congress and their families from profiting off stablecoins. But that prohibition does not extend to the president and his family, even as Trump builds a crypto empire from the White House. Trump hosted a private dinner last month at his golf club with top investors in a Trump-branded meme coin. His family holds a large stake in World Liberty Financial, a crypto project that provides yet another avenue where investors are buying in and enriching the president's relatives. World Liberty has launched its own stablecoin, USD1. The administration is broadly supportive of crypto's growth and its integration into the economy. Treasury Secretary Scott Bessent last week said the legislation could help push the U.S. stablecoin market beyond $2 trillion by the end of 2028. Brian Armstrong, CEO of Coinbase — the nation's largest crypto exchange and a major advocate for the bill — has met with Trump and praised his early moves on crypto. This past weekend, Coinbase was among the more prominent brands that sponsored a parade in Washington commemorating the Army's 250th anniversary — an event that coincided with Trump's 79th birthday. But the crypto industry emphasizes that they view the legislative effort as bipartisan, pointing to champions on each side of the aisle. 'The GENIUS Act will be the most significant digital assets legislation ever to pass the U.S. Senate,' Senate Banking Committee Chair Tim Scott, R-S.C., said ahead of a key vote last week. 'It's the product of months of bipartisan work.' The bill did hit one rough patch in early May, when a bloc of Senate Democrats who had previously supported the bill reversed course and voted to block it from advancing. That prompted new negotiations involving Senate Republicans, Democrats and the White House, which ultimately produced the compromise version expected to win passage Tuesday. Monday Mornings The latest local business news and a lookahead to the coming week. 'There were many, many changes that were made. And ultimately, it's a much better deal because we were all at the table,' Alsobrooks said. Still, the bill leaves unresolved concerns over presidential conflicts of interest — an issue that remains a source of tension within the Democratic caucus. Sen. Elizabeth Warren, D-Mass., has been among the most outspoken as the ranking member on the Senate Banking Committee, warning that the bill creates a 'super highway' for Trump corruption. She has also warned that the bill would allow major technology companies, such as Amazon and Meta, to launch their own stablecoins. If the stablecoin legislation passes the Senate on Tuesday, it still faces several hurdles before reaching the president's desk. It must clear the narrowly held Republican majority in the House, where lawmakers may try to attach a broader market structure bill — sweeping legislation that could make passage through the Senate more difficult. Trump has said he wants stablecoin legislation on his desk before Congress breaks for its August recess, now just under 50 days away.

Florida budget puts millions in reserves as economic uncertainty brews. Here's a look by the numbers
Florida budget puts millions in reserves as economic uncertainty brews. Here's a look by the numbers

Winnipeg Free Press

time4 hours ago

  • Winnipeg Free Press

Florida budget puts millions in reserves as economic uncertainty brews. Here's a look by the numbers

TALLAHASSEE, Fla. (AP) — On the 105th day of what was supposed to be a 60-day session, Florida lawmakers gave final approval to a leaner state budget totaling $115.1 billion, marking the end of a lawmaking season that was largely defined by inter-party clashes in the Republican-dominated capitol. The new budget lacks some of the top priorities of legislative leaders and Republican Gov. Ron DeSantis, coming in $500 million less than the governor's proposed budget, and $3.5 billion less than last year's adjusted total, a goal of conservative lawmakers focused on scaling back state spending amid concerns of a broader economic slowdown. The state's legislative leaders had debated for weeks over competing tax cut proposals, initially pushing for broad sales tax relief for everyday Floridians before settling on a package that mostly benefits businesses. 'I don't view this on day 105 as a failure,' Republican Senate President Ben Albritton said. 'We dug in deep.' The budget now goes to the governor, who has the power to veto individual line items and is known for slashing into lawmakers' spending plans. Here's a look at Florida's budget by the numbers. A $115 billion budget While political and tropical storms loom on the horizon, Florida's legislative leaders have largely downplayed concerns about how President Donald Trump's aggressive and unpredictable economic policies could impact the state's budget, even as he pledges to phase out the federal agency that responds to hurricanes and other disasters that batter the state. But lawmakers have taken steps to shore up reserves, as forecasters warn of a busier than usual hurricane season and as economists fret over Trump's trade wars and a sweeping proposal to cut federal taxes and spending. Lawmakers crafted a compromise budget and tax cut package, which would save taxpayers and reduce state revenues by an estimated $1.3 billion a year, according to legislative staff. They've also taken steps to set aside an additional $750 million a year into a reserve fund for emergencies, pending voter approval. Republican House Speaker Daniel Perez said building up the reserves is about 'being prepared for the unexpected.' 'None of us know what the future holds,' Perez said. $750 million a year The legislature advanced a proposed constitutional amendment that would set aside $750 million a year — or an amount equal to up to 25% of the state's general revenue, whichever is less — into a reserve fund that lawmakers could only use for emergencies. The measure has to be approved by 60% of Florida voters to be implemented. The last time state officials tapped into the budget stabilization fund was in 2008, as the Great Recession blasted through Florida's tourism and development-heavy economy. Boosting the reserves is a prudent move, said Republican House Budget Committee Chair Lawrence McClure, and another way to cut state spending. 'We are doing this so that are we are truly prepared for a break the glass situation,' McClure said. Democrats have called the reserve fund a 'lock box' and said lawmakers should keep the funds on hand to support needy Floridians, at a time when many residents are priced out of their homes and schools and prisons are struggling to keep staff on the job. Tax breaks for families and corporate interests The Florida House had initially called for cutting the state's overall sales tax from 6% to 5.25%. A competing offer in the state Senate called for a tax break on clothing purchases under $75. Instead, the largest tax break lawmakers approved was for companies, by eliminating the state's business rent tax. They also approved tax cuts for a slate of special interests including casinos, airlines and NASCAR. Florida residents will get sales tax relief on hurricane supplies, sunscreen and bug spray, and a tax exemption on clothes and school supplies each August. $4 billion for school vouchers State lawmakers are setting aside $4 billion for scholarships for private and religious education, two years after the Legislature expanded the state's voucher program to make all K-12 students eligible, regardless of family income. Since then, the state's indirect spending on private school tuition and homeschooling costs has risen dramatically, which critics warn is burning through the state's budget. More than 2,200 state jobs eliminated Part of state lawmakers' push to cut back on what they see as government bloat is eliminating 2,238 vacant positions across state agencies from the department of health to the department of children and families. Many of the positions being cut have been vacant for three months. While the number of state jobs shrinks, state workers will receive an across-the-board 2% raise, while state law enforcement officers and firefighters will get a 10% total raise, and a 15% raise if they've been on the job for at least five years. $3 million for immigration detention at local jails The Legislature is also setting aside $3 million in grants for local jails that have contracted with the federal government to support immigration enforcement efforts. Florida has rushed to help the Trump administration carry out its mass deportation agenda and now leads the country in the number of local and state agencies signing on with the federal government to deputize their officers to carry out immigration enforcement. ___ Kate Payne is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

John Rustad accuses former B.C. Conservative MLAs of blackmail
John Rustad accuses former B.C. Conservative MLAs of blackmail

The Province

time5 hours ago

  • The Province

John Rustad accuses former B.C. Conservative MLAs of blackmail

In a letter, Rustad tells the Conservative caucus that their former colleagues and staff are threatening to release 'blackmail materials,' including secret phone recordings and text messages Published Jun 16, 2025 • Last updated 3 hours ago • 3 minute read B.C. Conservative Leader John Rustad says the targets are being blackmailed to get them to take jobs or contracts with the former Conservatives. Photo by Arlen Redekop / PNG B.C. Conservative Leader John Rustad is accusing a group of legislators who split from the party of blackmailing his MLAs and staff in a bid to take over and divide the Opposition. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Rustad has confirmed the authenticity of a letter obtained by The Canadian Press in which he tells the Conservative caucus that their former colleagues and staff are threatening to release 'blackmail materials,' including secretly recorded phone conversations and text messages. 'We will not allow ourselves to be lowered by manipulative, dishonest, and malicious actions of people who see fit to, potentially criminally, blackmail others,' Rustad says in the letter. 'This is sociopathic behaviour.' He said in an interview on Monday that the letter was authentic and the party was considering whether to call in the RCMP. The letter says the targets are being blackmailed to get them to take jobs or contracts with the former Conservatives, or to 'do or say certain things' if they want to prevent the materials being leaked. Essential reading for hockey fans who eat, sleep, Canucks, repeat. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'From what I have been told, the threat is framed as something like: we will pay you handsomely to join with us, we will damage you if you refuse,' Rustad says in the letter. Rustad doesn't name the former Conservatives, but Dallas Brodie, who was ejected from the caucus in March, said in a statement on Monday that the letter consists of 'wild lies' and 'baseless, false, and defamatory' accusations about the new OneBC party, which she launched with fellow former Conservative Tara Armstrong last week. She said Rustad and his team 'rigged' the Conservatives' March annual general meeting that endorsed his 'Team Rustad' slate of executive candidates, alleging the meeting was stacked stacking the meeting with people paid 'to vote the way Mr. Rustad wanted.' This advertisement has not loaded yet, but your article continues below. Dallas Brodie (centre) was ejected from the B.C. Conservative caucus in January, and Jordan Kealy (left) and Tara Armstrong quit in solidarity. Photo by Alec Lazenby Rustad's letter denied any that. He said in the letter that some in the party were surprised at a large number of South Asian party members at the AGM, and that 'individuals' had paid for the whole group's transport to the Nanaimo meeting. He said he understood why 'people who have not participated in organized political parties before may be surprised by this.' But he said 'group-based political organizing occurs quite often in politics and is not unique to the South Asian community.' 'I have been advised by our legal counsel and experts, who were present to scrutinize the voting process that our AGM was 100 per cent in line with this party's 2024-25 constitution,' he said. Rustad said in the interview that he could not offer any details about what kinds of jobs were allegedly being offered to the targeted Conservatives. 'I wasn't party to those conversations, so I would be saying it third hand,' he said. This advertisement has not loaded yet, but your article continues below. The letter says one former Conservative staffer, whom it did not identify, called 'multiple individuals in order to explicitly blackmail them.' Rustad said in the letter that the former colleagues were 'trying to sink our party, sour our caucus, and break apart the powerful movement' that Conservatives have built. Asked about his characterization of their alleged behaviour as sociopathic, Rustad said 'certainly, it is not normal.' Brodie was thrown out of the party over remarks about residential schools, prompting Armstrong and Jordan Kealy to quit the party in sympathy. Armstrong said she won't comment beyond the statement Brodie issued, while Kealy, who still sits as an Independent, said he had no involvement in the alleged blackmail. This advertisement has not loaded yet, but your article continues below. Brodie's statement said that there was a 'mountain of evidence' demonstrating the rigging of the annual general meeting, 'including photographs, emails, audio recordings, detailed written statements and public statements and interviews from various AGM attendees' and 'a personal confession by a senior Rustad staff member.' Brodie, Armstrong and Kealy came forward with claims about vote-rigging on May 28. Armstrong said at the time that an unnamed senior member of Rustad's team told her the party paid about $100,000, using that member's personal credit card, to transport more than 100 men to Nanaimo to 'rig the election' in favour of Rustad. She did not name the person or offer any other evidence. Rustad's letter suggested there was nothing unusual about Conservative riding association funds being used to sponsor delegates to attend the meeting. 'Hundreds of people, the vast majority of whom were Caucasian (not that it should matter), were ultimately sponsored by our caucus members via funds from your riding associations — at your specific direction as MLAs,' he told the caucus. Read More Vancouver Canucks Vancouver Canucks National Sports NHL

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store