Trump Looks to Shore Up Support for GOP Megabill
WASHINGTON—President Trump plans to push lawmakers on his tax-and-spending megabill this week as he tries to overcome GOP concerns about deficit spending, while the White House is preparing to try to get trade talks with China back on track, key pillars of his second-term economic program.
Trump may have a call with Chinese leader Xi Jinping this week in an effort to ease tensions that have risen in recent days, an administration official said.
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Trump offers final trade deadline to countries as markets stall
Trump offers final trade deadline to countries as markets stall originally appeared on TheStreet. The crypto markets remain stalled as the Trump administration has urged countries to submit their best trade offer by Wednesday, Reuters reported on June 2. The crypto market has seen its total capitalization decline from approximately $3.5 trillion to a little above $3.2 trillion within the last 7 days. Similarly, the price of the largest cryptocurrency, Bitcoin, is 7% lower than the all-time high (ATH) it reached on May 22. Other leading cryptocurrencies, such as XRP, SOL, Dogecoin, ADA, and SUI, have seen their prices decline as much as 14% over the last week. The crypto market, which is already well-known for its unpredictability, has seen a great deal of ups and downs as a result of the ebbs and flows of President Donald Trump's tariff war over the last two months. Trump hiked tariffs on all countries on Apr. 2 before pausing them for all except China for 90 days. While the administration has claimed its goal is to finalize 90 trade deals within 90 days, it has so far reached an agreement with only one of its partners, Britain. As per Reuters, it has seen a draft letter the office of the U.S. Trade Representative has sent to countries that are engaged in active negotiations. The countries are supposed to offer their best proposals regarding tariff and quota offers for the purchase of industrial and agricultural imports from the U.S., among other details. The U.S., in turn, will offer "a possible landing zone" after assessing the proposals within days. The letter indicates growing urgency within the Trump administration to finalize deals by the July 8 deadline. Trump offers final trade deadline to countries as markets stall first appeared on TheStreet on Jun 2, 2025 This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared. Sign in to access your portfolio
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Elon Musk Has Left the White House -- Should Dogecoin Investors Run for the Hills?
Elon Musk has reached the end of his 130-day tenure at the White House, which is the annual limit for "special government employees." Musk was leading the Department of Government Efficiency (or DOGE for short, which is a reference to Dogecoin). Musk has supported Dogecoin since 2019, but the meme token has struggled to generate sustained upside. 10 stocks we like better than Dogecoin › Dogecoin (CRYPTO: DOGE) was founded as a joke by two friends in 2013 who used the famous "Doge" meme as inspiration. Little did they know, it would go on to reach a peak of $0.73 per token in 2021, which translated to an eye-popping market capitalization of almost $90 billion. A lot of that value was created on the back of Elon Musk's support, which has been ongoing since 2019. In fact, Dogecoin's most recent rally was sparked by Musk's involvement in the Trump administration, where he temporarily ran an external government agency with a name that references the meme token. But Musk's time at the White House has officially come to an end, so investors might be wondering what to do next. Is Dogecoin still a buy, or is this a sure sign to run for the hills? Between 2019 and 2021, Musk regularly shared Dogecoin-related memes on social media and participated in friendly banter with other enthusiasts. Investors started to think he had a plan to create real value for the meme token, and that speculation reached a fever pitch in the lead-up to his appearance on Saturday Night Live. During the show on May 8, 2021, Musk participated in a Dogecoin-themed comedy skit, which ended with him calling the meme token a "hustle." While it was a light-hearted joke, investors started to realize that Musk had no concrete plans to create value outside of his support on social media, so Dogecoin peaked at $0.73 per token that very night. It plunged over the next 12 months, losing more than 90% of its value by mid-2022. It stayed dormant during 2023 and for most of 2024, until the U.S. presidential election. Musk threw his cash and his influence behind Donald Trump, who campaigned on a series of pro-crypto policies, and Dogecoin soared (along with most cryptocurrencies) when Trump eventually won the presidency. A short time later, Trump announced plans to appoint Musk to run an external government agency tasked with reducing America's national debt by slashing spending. Musk named the agency the Department of Government Efficiency, or DOGE for short, which was a clear reference to his favorite cryptocurrency. However, to this day, Dogecoin has played no actual role in the agency, so its post-election rally was purely speculative. Musk's time at the White House has now come to an end. He was classified as a "special government employee," which means he can only work within the administration for 130 days per year -- and Jan. 20 (Trump's Inauguration Day) to May 30 was exactly 130 days. Dogecoin has plummeted by 59% from its recent 52-week high, but Elon Musk's departure from the DOGE agency isn't the biggest reason. The meme token has struggled to find a use case in the real world, and if consumers, businesses, and investors don't have a tangible reason to own it, then it's impossible to create sustainable value. According to Cryptwerk, just 2,096 businesses around the world accept Dogecoin as payment for goods and services. If consumers can't spend Dogecoin at their favorite stores, then they have no reason to buy it. Businesses probably won't warm up to the meme token anytime soon, because its extreme volatility would make cash-flow management a nightmare. Dogecoin also has a supply issue. There are 149.5 billion tokens in circulation as of this writing, and although there is a cap on how many more can be "mined" each year, there is no end date. In other words, new tokens will enter the market until the end of time. I've never seen an investment-grade asset with an unlimited supply that rises in value over the long term. Dogecoin's post-election rally peaked at $0.47, which was well below its 2021 high of $0.73. That suggests investors were less willing to buy into the Musk-driven hype this time around. But the meme token is now trading at just $0.19, and there could still be plenty of room to fall if history is any guide. Dogecoin bottomed at around $0.06 in 2022, which might be the level to watch. It implies there could be 68% downside from the current price, and with Musk now out of the White House and no improvements to the meme token's fundamentals, that might be the path of least resistance. As a result, I think it might be time to abandon Dogecoin and run for the hills. Before you buy stock in Dogecoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dogecoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 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GOP officials urge Board of Governors to vote no on Santa Ono for next UF president
Santa Ono faces a final vote from on whether he will be the next president of the University of Florida amid dissent from leading Republicans who question whether he'd protect Jewish students in the preeminent state university. One thorny issue for Ono and many higher education leaders has been dealing with pro-Palestine encampments on campus: Protests generally are protected, but camping overnight or setting up structures can be subject to policies about safety and access, for example. And some Jewish students have reported feeling uneasy or even threatened because of encampments on campuses. UF's Board of Trustees already has approved Ono, president of the University of Michigan. The last step to becoming university president would be approval by the Florida Board of Governors, the 17-member board that oversees the state's public university system. That vote is set for June 3. UF Trustees vote: University of Florida Board of Trustees selects Dr. Santa Ono as university's 14th president U.S. Sen. Rick Scott, for instance, reposted an Israel advocacy account's social media post that encouraged the Board of Governors to vote against Ono. The post read that the university must protect Jewish students, "not hand the presidency to someone who failed them." Ono's past support of diversity, equity and inclusion initiatives, which he has since walked back, also has gotten him crosswise with Florida GOP elected officials, including U.S. Rep. Jimmy Patronis, a Panhandle Republican who until recently was Florida's elected chief financial officer. "@UF sets the benchmark for education nationwide. There's too much smoke with Santa Ono. We need a leader, not a DEI acolyte. Leave the Ann Arbor thinking in Ann Arbor," Patronis posted June 2 on X. U.S. Rep. Greg Steube, R-Sarasota, wrote a letter to the board asking them to reject Ono and restart the presidential search, saying his past positions and policies in Michigan are disqualifying. "Hollow assurances of an 'evolved mindset' cannot erase Dr. Ono's history of preferential treatment for far-left causes, coupled with his cold indifference to student safety," Steube said in a press statement Friday. U.S. Rep. Byron Donalds, R-Naples, also has questioned Ono's capability in a thread on X, saying, "Now more than ever, Floridians deserve answers." "How can the UF community be assured you'll be realistic about the prominence of anti-Semitism on college campuses, shut down protests, and keep public order?" asked Donalds, so far the only leading Republican to declare his candidacy for the 2026 Florida governor's race. More recently, Ono's handling of encampments and pro-Palestine demonstrations while leading the University of Michigan was specifically questioned. Ono has explained that resources available to him at the time were not enough to manage the situation and he wanted to ensure encampments would not affect the university graduation ceremonies, which is why it took 30 days to break them up. "It's just not acceptable," Ono said to the Board of Trustees, discussing encampments. In 2024, nine pro-Palestine protesters were arrested at the University of Florida, including many students. They argued they were exercising their First Amendment rights. UF released guidance that students are free to hold signs and engage in speech but not allowed to break rules against camping and violence. Pro-Palestine UF Protests: Controversy: UF may trespass protestors engaging in prohibited activities In his meeting with trustees, Ono did not specify further what would qualify as an encampment, what resources he would need to break one up if needed, and whether it would infringe on First Amendment rights to speech and assembly. Jerry Edwards, a staff attorney with the American Civil Liberties Union of Florida, said universities often are given special deference in court because of their educational mission. "The way (speech restrictions are) implemented may end up being unconstitutional. On its face, I cannot say that they're not able to put restrictions in place," Edwards said. And Gainesville-based First Amendment attorney Gary Edinger said universities certainly can create rules on encampments that do not violate freedom of assembly, as long as these rules are created and enforced neutrally. "Application in universities has often been problematic," Edinger said. "If our new president says no encampments, and it's done on a neutral basis, … I think that's going to survive a challenge." More: Who is the next president of UF? What we know about finalist Dr. Santa Ono This reporting content is supported by a partnership with Freedom Forum and Journalism Funding Partners. USA Today Network-Florida First Amendment reporter Stephany Matat is based in Tallahassee, Fla. She can be reached at SMatat@ On X: @stephanymatat. This article originally appeared on Tallahassee Democrat: Republican lawmakers want no-vote on Santa Ono for UF president
