Bloomberg Wall Street Week: Critical Thinking
This week, how will the United States' involvement in the Iran-Israel war affect markets and hopes for cooperation in the Middle East? And, an interview with the Director of the Congressional Budget Office on the agency's role in predicting the fiscal impact of the "Big Beautiful Bill." Plus, will President Trump's "Gold Card" attract foreign investment to the US? Later, how Zohran Mamdani's success in the New York City mayoral primary election tells the story of the shift within the Democratic party and what it means for business in the city.
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CNN
36 minutes ago
- CNN
SCOTUS limits judges ability to stop Trump
The U.S. Supreme Court handed a blockbuster decision to limit judges' from issuing nationwide injunctions against the Trump administration. Erwin Chemerinsky, Dean of UC Berkeley Law School, weighs in on the court's decision.
Fox News
an hour ago
- Fox News
Trump does UN's job on world stage, leads on peace while secretary-general earns more at anti-US body
Following President Donald Trump's successful brokering of a ceasefire between Iran and Israel, India and Pakistan, the Democratic Republic of the Congo and Rwanda, critics say the U.N. secretary-general, António Guterres, could do well to follow Trump's lead as a peacemaker. However, as American taxpayers still continue to pay billions to the United Nations, and while Trump outshines Guterres on the world stage, Guterres' base salary is more than the commander in chief's. At $418,348, Guterres earns a higher base salary than President Donald Trump while running a body accused of anti-American bias, corruption and waste. Hugh Dugan, former National Security Council special assistant to the president and senior director for International Organization Affairs, told Fox News Digital, "Frankly, we put [Guterres] on this plateau as being on par with a pope or head of state, when, in fact, he's really an employee, and he's the country club manager, not the father of the bride, but he's calling all the shots when it comes to the ceremony and who sits where. "You flatter him right away," Dugan said, when comparing Guterres with Trump, "when in fact he is one of the president's employees – in fact, the employee of all the heads of state. And to outearn [him]… is really indicative of managerial capture of the organization and of the Deep State U.N. on the books." The spotlight on the salaries and perks comes at a time when the world body is facing serious financial constraints. Not including expenses and extras, Trump receives some $18,348 less than Guterres at $400,000. The presidential extras include a $50,000 expense allowance and other benefits. Guterres' salary, provided to Fox News Digital by his spokesperson Stephane Dujarric, only includes his salary and multiplier. It does not include the considerable array of other benefits that Guterres enjoys. In an email to Fox News Digital, Dujarric said the "Net base salary as of Jan 2025 – $238,375 per year (reference resolution 58/265 adjusted in accordance with the same procedures as those applicable to staff in the Professional and higher categories). "Post adjustment as of February 2025 – $179,973 per year. Adjustments to salaries are based on geographic locations." The spokesman later confirmed to Fox News Digital that the U.N. chief's salary was $418, 348. Those earnings do not include some of the lavish extras he gets, such as a plush Manhattan residence and a personal chauffeur. While the U.S. doesn't directly pay the salary of the secretary-general, it does continue to fund around a quarter of the organization's budget, and critics continue to question outlays that they believe harm U.S. interests. Just last month, U.S. Chargé d'Affaires Dorothy Shea issued a veiled warning to the world body upon vetoing an anti-Israel draft resolution at the U.N. Security Council. "Engaging in this performative process at a time when serious questions are being asked about the utility of the U.N., its funding and use of resources is shameful. This council should not be used in this way. This council must hold itself to a higher standard." A senior Republican congressional staffer who works on international organizations complained, "United Nations officials are the ultimate global elites. They earn lavish salaries and live in lavish New York penthouses, paid for largely with American taxpayer money. A large number of the U.N. organizations they lead are controlled by China. When they're not in New York, they spend their time and resources traveling all over the world attacking America and American allies. "The work of DOGE isn't done yet, and one step needs to be cutting off these officials from U.S. taxpayer money."
Fox News
an hour ago
- Fox News
House GOP freshman celebrates young American's safe homecoming amid Iran-Israel conflict
Rep. John McGuire, R-Va., welcomed 21-year-old Seth McCready home from Israel this week, as the State Department issued a security alert for U.S. citizens traveling worldwide and the conflict between Israel and Iran raged on. McCready talked to Fox News Digital in an exclusive interview at the Washington Dulles International Airport on Tuesday after he traveled from Israel to Jordan to Egypt before catching his final flight home. The Virginia native was greeted by his father and two brothers at the International Arrivals Gate, all sporting big smiles and embracing as their congressman stood by with red, white and blue balloons and an American flag that was flown over the U.S. Capitol. "God protected me and the people I was with, and he's protecting Israel too," McCready said. "I 100% believe Israel's gonna pull through, no problem." McGuire's office was in constant contact with McCready during his days-long journey home from Israel, according to the young American. When the Jewish state launched its initial attacks on Iran, which President Donald Trump has referred to as the "12-day war," McCready was visiting family in Israel. He told Fox News Digital that he was later able to volunteer with a ministry group, preparing rooms and even delivering food to those in need as the strikes continued. "We did get a couple impacts. There was one that was like a kilometer away from me, and the whole building shook," McCready said, describing a strike that slipped through Israel's defenses. McGuire, who joined McCready's family to welcome him home on Tuesday, said, "I'm just so happy for his family. You can't always help somebody, but when you can, that's the best part about this job." The freshman Virginia congressman said he worked with the State Department to secure McCready's path home. Both McCready and McGuire thanked his political director, Ramona Christian, for her vital role in getting McCready home. "It's just a big team effort, and this is the second young person we helped get home in a week. And now we've got a couple of other folks that have reached out to our office, and we're hoping to be able to help them as well," McGuire told Fox News Digital in an interview. McGuire celebrated McCready's homecoming as the fragile ceasefire deal between Iran and Israel had just begun. Questions remained about whether the ceasefire would hold when Trump announced on Monday evening that "It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE." Trump said the U.S. successfully struck three nuclear sites in Iran on Saturday night, but questions remain on Capitol Hill as to what degree the strikes set back Iran's nuclear program. McGuire, a Trump loyalist who secured his endorsement in 2024, said the "ability for Iran to project power has been greatly diminished." "We had an imminent threat of a nuclear weapon in Iran, and we just couldn't have that," McGuire added. "That threat has been eliminated." Israel had launched a series of coordinated attacks on Iran on June 13, which Iran retaliated against, prompting the countries to exchange strikes for 12 days. After the U.S. struck Iran, the Islamic Republic launched retaliatory attacks on a U.S. air base in Qatar. But McGuire affirmed he is "very hopeful" that the ceasefire between Israel and Iran will hold and that there will be peace in the Middle East. The Virginia Republican is a member of the House Oversight Committee and the House Armed Services, bringing his 10 years of experience as a Navy SEAL to the position.
