‘A classic bait and switch scam': California Democrat calls out Trump amid Social Security cuts
After Elon Musk called social security a "Ponzi scheme," lawmakers like Rep. Dave Min are hearing about the cuts he has planned. He joins The Weekend to weigh in.
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Why Elon Musk turned against Trump's $5 trillion mega tax and spending bill
President Donald Trump is pushing to pass a sweeping tax and spending bill by July 4, but the proposal is already sparking fierce internal GOP debate. The bill combines 2017 tax cut extensions with new Trump-era proposals, including deductions on American-made auto loans and changes to child tax credits. But not everyone is on board. Elon Musk has launched a high-profile feud with Trump over the bill, and key Republican senators are warning that the bill could add trillions to the national debt.
Fox News
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State Department reveals plan to deliver 'life-saving' meals to 1.4M starving children
FIRST ON FOX: The U.S. State Department and Secretary Marco Rubio punched back at claims that contracts providing Ready-to-Use Therapeutic Foods (RUTFs) have been halted and affirmed the agency will continue its commitment to "delivering critical humanitarian aid." "As USAID transitions under the State Department, our commitment to delivering critical humanitarian aid remains steadfast and aligned with America's foreign policy priorities," a senior State Department official told Fox News Digital in an exclusive statement. "We are proud to continue working with our local partners to deliver life-saving ready-to-use therapeutic food. Most recently, an additional $50 million in RUTFs was approved. This is enough to nourish over one million of the world's most vulnerable children." RUFTs' contracts and operations were previously overseen by the United States Agency for International Development (USAID). However, oversight now lies with the State Department after USAID merged into the agency in February, largely influenced by then-Department of Government Efficiency (DOGE) head Elon Musk. RUTFs are pre-packaged, nutrient-rich, ready-to-eat meals that help prevent malnutrition, mainly in children. Some countries even refer to RUTFs as a form of medicine. The State Department's comments come after Secretary Rubio faced questions from lawmakers on Capitol Hill in a May hearing, when Democratic Rep. Gabe Amo of Rhode Island confronted Rubio in a heated exchange, saying the agency was intentionally "freezing" RUTF aid to countries in need. "You need to figure out why they're not moving, because it isn't an impediment for us," Rubio fired back. Amo responded, "No, you need to figure [that] out, sir," and said that the secretary "refused to make" a commitment to ensuring effective RUTF distribution. "We're going to continue to do food aid," Rubio answered. "We're going to do more food aid than any other country on the planet, times 10." A source at the State Department revealed to Fox News Digital that key partnerships with non-profit RUTF producers, MANA and Edesia, have been active since March 2. Additionally, 1.4 million boxes of RUTFs were approved on May 26. Fox also obtained an internal document and action memorandum for Jeremy Lewin, a former DOGE employee now overseeing the transition of merging USAID with the State Department, from USAID's Dianna Darney de Salcedo. The document called for urgent approval to move food commodities and RUFTs that were stored in warehouses to be shipped for use. The sensitive but unclassified document also revealed a request to approve a new Title II award, valued at $35 million, which sources say was several times less than initially estimated, to cover the costs of warehouses, shipping overseas, transporting inland, programming and distribution. Fox News Digital spoke to MANA CEO Mark Moore, who outlined a detailed timeline of RUTF federal contract negotiations and the challenges the non-profit faced as USAID merged into the State Department at the beginning of 2025. At one point, before the State Department and the Trump administration proposed contracts in May, Moore told Fox News, "We're all looking at June and July running out of these old contracts and saying we're just going to have to close the doors." He noted that "if this new order didn't come out, we'd really be screwed going into the summer." "It is trending the right way, and we're thrilled," Moore added. Fox News Digital reached out to Rep. Gabe Amo and Edesia but did not receive a response. Preston Mizell is a writer with Fox News Digital covering breaking news. Story tips can be sent to and on X @MizellPreston
Forbes
an hour ago
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What's Happening With Dogecoin?
CANADA - 2025/02/23: In this photo illustration, the Dogecoin logo is seen displayed on a smartphone ... More screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Dogecoin (DOGE) has recently experienced a significant price decline, plummeting over 50% from its January 2025 highs of $0.40 to current levels around $0.18. This sharp downturn underscores the inherent volatility of the cryptocurrency market and highlights Dogecoin's particular susceptibility to external, often non-fundamental, influences. Separately, see – What's Better – Circle Stock or Bitcoin? And, if you are looking for upside with less volatility than individual stocks or cryptocurrencies, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and delivering returns that exceed 91% since its launch. Dogecoin's price movements are largely driven by a unique interplay of factors that distinguish it from many other cryptocurrencies. Historically, prominent figures, most notably Elon Musk, have exerted immense influence over Dogecoin's price. His tweets and public statements have frequently triggered substantial price surges, establishing a direct correlation between his pronouncements and market performance. This phenomenon extends to other celebrities and viral social media moments, demonstrating the power of community-driven hype in the Dogecoin ecosystem. Also, Dogecoin's low individual unit price and its origin as a "meme coin" have made it attractive to a broad base of casual investors and first-time cryptocurrency buyers. While this accessibility contributes to its widespread popularity, it also creates a potentially unstable investor base, as these investors may be more prone to speculative trading and less concerned with underlying technological advancements or long-term utility. Like all cryptocurrencies, Dogecoin is subject to the broader trends and sentiment of the crypto market. Bearish market conditions or significant downturns in major cryptocurrencies like Bitcoin and Ethereum can exert downward pressure on Dogecoin's price. But the current market tells a different story: Bitcoin is nearing its lifetime highs, whereas Dogecoin is nowhere close to its. A recent and significant development introducing substantial risk to Dogecoin's near-term prospects is the political fallout between Elon Musk and President Donald Trump. Musk's public criticism of Trump's fiscal policies has led to escalating tensions, with Trump reportedly threatening retaliation against Musk-affiliated companies. This political conflict is particularly concerning for Dogecoin due to Musk's established role as its primary celebrity endorser. His departure from Trump's advisory circle and the potential for policy repercussions against his business interests could significantly diminish his willingness or ability to publicly promote Dogecoin. The reliance on a single, influential individual for jumps in price creates a vulnerability, and any perceived withdrawal of that support can lead to a loss of investor confidence and further price depreciation. Dogecoin is currently trading around $0.18, reflecting a significant 50% decline from its January highs. This decline can be attributed to a combination of broader cryptocurrency market pressures and the specific, intensified risk stemming from its dependence on celebrity endorsement, particularly the unfolding Musk-Trump political conflict. The political rift represents a significant headwind that could further suppress Dogecoin's price performance and limit its recovery potential in the near future. Cryptos at large, including Dogecoin, remain a risky asset. As a long-term investment option, you can explore the Trefis High Quality (HQ) Portfolio, which is rooted in quality that seeks reliability, predictability, and compounding growth. With a collection of 30 stocks, it has a track record of comfortably outperforming the S&P 500 over the last four-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
