Trump fires Democratic board members of the credit union watchdog -statements
"If a President can fire an NCUA Board member at any time, how will we maintain public trust in our nation's financial services regulatory system?" Harper said in a statement he posted on LinkedIn.
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Miami Herald
an hour ago
- Miami Herald
White House insider slips up, reveals secret Social Security plan
Social Security is one of the most popular entitlement programs in America, as it's kept millions of seniors out of poverty. Since every worker has paid into the system, future retirees expect to get the benefits they have been paying for during their entire working life – although many also fear that they won't get those benefits due to ongoing concerns about the program's finances. Don't miss the move: Subscribe to TheStreet's free daily newsletter Since Social Security has been so popular, President Trump broke from traditional Republican orthodoxy, which had long seen major politicians on the right calling for reforms and even making efforts to privatize Social Security. President Trump has promised over and over on the campaign trail to protect Social Security and has sworn he will not cut benefits. Unfortunately, a White House insider slipped up recently and let the cat out of the bag that there may be a secret plan in the works to privatize Social Security. Treasury Secretary Scott Bessent made the troubling comments on Wednesday, July 30, 2025, at a forum hosted by Breitbart News. While the Treasury Secretary has since tried to walk back his statements, the fact remains that Bessett may have simply revealed something that lawmakers were hoping would not come to light. Bessett's concerning comments about Social Security came as part of a discussion on the Trump Accounts, which are included in the One Big Beautiful Bill Act that was signed into law on July 4, 2025. The Trump accounts will offer a $1,000 deposit from the Treasury for eligible children, and additional contributions can be made over time to the tune of a $5,000 post-tax contribution per year. The accounts are expected to have similar rules to an IRA, and the children they are created for will be able to begin making withdrawals as adults. Related: Warren Buffett's blunt Social Security warning is becoming reality When Bessett was discussing the accounts, however, he made a statement that suggested the accounts are not as innocent as they seem. "In a way, it is a back door for privatizing Social Security," Bessent said while speaking about the new savings account program. This statement was in stark contrast to the repeated promises made by President Trump on the campaign trail to leave Social Security alone for future generations. Democratic lawmakers pounced on the comments that Bessett made, immediately sounding the alarm and warning the public that the Treasury Secretary may have let a secret slip that the White House did not want to get out. "Donald Trump's Treasury Secretary Scott Bessent just said the quiet part out loud: The administration is scheming to privatize Social Security," said Tim Hogan, a spokesperson for the Democratic National Committee. Related: Social Security's 2026 COLA will be good news for older Americans Hogan went on to comment, "It wasn't enough to kick millions of people off their health care and take food away from hungry kids. Trump is now coming after American seniors with a 'backdoor' scam to take away the benefits they earned." Senate Democratic leader Chuck Schumer also criticized the comments, stating in a Senate Speech: "A stunning admission. Bessent actually slipped, told the truth: Donald Trump and the government want to privatize Social Security." Bessett responded to the criticism and the concern on a post on X, stating, "This is not an either-or question: our Administration is committed to protecting Social Security and to making sure seniors have more money." More on retirement: Dave Ramsey offers urgent thoughts about MedicareJean Chatzky shares major statement on Social SecurityTony Robbins has blunt words on IRAs,401(k)s Of course, after-the-fact denials about a candid statement made hours ago may not provide quite the level of comfort that Americans who are counting on their future Social Security benefits are hoping for. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
2 hours ago
Colorado deputies disciplined for helping federal immigration agents
DENVER -- Two Colorado deputies have been disciplined for violating state law by helping federal agents make immigration arrests, and their sheriff says officers from other agencies have done the same. One of the deputies, Alexander Zwinck, was sued by Colorado's attorney general last week, after his cooperation with federal immigration agents on a drug task force was revealed following the June arrest of a college student from Brazil with an expired visa. Following an internal investigation, a second Mesa County Sheriff's Office deputy and task force member, Erik Olson, was also found to have shared information. The two deputies used a Signal chat to relay information to federal agents, according to documents released Wednesday by the sheriff's office. Zwinck was placed on three weeks of unpaid leave, and Olson was given two weeks of unpaid leave, Mesa County Sheriff Todd Rowell said in a statement. Both were removed from the task force. Two supervisors also were disciplined. One was suspended without pay for two days, and another received a letter of reprimand. A third supervisor received counseling. The lawsuit and disciplinary actions come as lawmakers in Colorado and other Democratic-led states have crafted legislation intended to push back against President Donald Trump's immigration crackdown. Since Trump took office, pro-immigrant bills have advanced through legislatures in Illinois, Vermont, California, Connecticut and other states. The measures include stronger protections for immigrants in housing, employment and police encounters. Trump has enlisted hundreds of state and local law enforcement agencies to help identify immigrants in the U.S. illegally and detain them for potential deportation. The Republican also relaxed longtime rules restricting immigration enforcement near schools, churches and hospitals. Zwinck was sued under a new state law signed by Gov. Jared Polis about two weeks before the arrest of the student from Brazil. It bars local government employees including law enforcement from sharing identifying information about people with federal immigration officials. Previously, only state agencies were barred from doing that. It's one of a series of laws limiting the state's involvement in immigration enforcement passed over the years that has drawn criticism and a lawsuit from the federal government. The U.S. Department of Justice has also sued Illinois and New York, as well as several cities in those states and New Jersey, alleging their policies violate the U.S. Constitution or federal immigration laws. Zwinck and Olson told officials they thought they were operating according to long-standing procedures. However, the internal investigation found they had both received and read two emails prior to the passage of the new law about previous limits on cooperation with immigration officials. The most recent was sent on Jan. 30, 2025, after an official for Homeland Security Investigations, part of Immigration and Customs Enforcement, had asked state and local law enforcement officers at a law enforcement meeting to contact HSI or ICE if they arrested a person for a violent crime who was believed not to be a citizen, the investigation documents said. The email said not to contact HSI or ICE. Zwinck said he didn't know about the new law and was not interested in immigration enforcement. 'When I was out there, I wanted to find drugs, guns and bad guys," Zwinck said at a July 23 disciplinary hearing. "And sending that information to HSI they provided the ability to give me real time background information on the person I was in contact with,' he said. Olson, who said he had been with the sheriff's office 18 years, testified at his disciplinary hearing that it was 'standard practice' to send information up to federal agents during traffic stops. "It was routine for ICE to show up on the back end of a traffic stop to do their thing,' Olson said. 'I truly thought what we were doing was condoned by our supervision and lawful.' A lawyer at a law firm listed as representing both deputies, Michael Lowe, did not immediately return a telephone call or email seeking comment. Rowell said drug task force members from other law enforcement agencies, including the Colorado State Patrol, also shared information with immigration agents on the Signal chat. The state patrol denied the claim. The sheriff faulted Attorney General Phil Weiser for filing the lawsuit against Zwinck before a local internal investigation was complete. He called on the Democrat, who is running for governor, to drop it. 'As it stands, the lawsuit filed by the Attorney General's Office sends a demoralizing message to law enforcement officers across Colorado — that the law may be wielded selectively and publicly for maximum political effect rather than applied fairly and consistently,' he said. Weiser said last week that he was investigating whether other officers in the chat violated the law. Spokesperson Lawrence Pacheco said Weiser was presented with evidence of a 'blatant violation of state law' and had to act.
Yahoo
3 hours ago
- Yahoo
Japan June jobless rate unchanged at 2.5%
TOKYO (Reuters) -Japan's jobless rate in June was unchanged from the previous month at 2.5%, government data showed on Friday. Economists' median forecast was also for 2.5%. The jobs-to-applicants ratio in June fell to 1.22 from 1.24 in May. The median forecast was 1.25. Sign in to access your portfolio
