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Trump administration taking new steps to block wind and solar projects, undisclosed memo says

Trump administration taking new steps to block wind and solar projects, undisclosed memo says

Politico3 days ago
Gregory Wischer, Interior's deputy chief of staff for policy, wrote in the memo that 'all decisions, actions, consultations, and other undertakings — including but not limited to the following — related to wind and solar energy facilities' require Burgum's review. The actions triggering Burgum's attention span cradle to grave aspects of project development, ranging from scoping reports to access road authorizations to cost recovery agreements.
Wischer said in the memo the steps are necessary to align with various Trump administration executive orders, including the president's Inauguration Day declaration of a national energy emergency that called on steering federal resources to produce more energy — but did not define wind and solar as energy sources.
'Let's be clear: leaking internal documents to the media is cowardly, dishonest, and a blatant violation of professional standards,' Interior said in a response to a request for comment on the memo. 'It shows a complete lack of respect for the people working hard to serve the American public.'
Eric Beightel, former executive director of the Federal Permitting Council under President Joe Biden, said the directive would definitely slow down approvals for these renewable energy projects.
'It absolutely will create so much bureaucratic process that no solar or wind projects are likely to move in a timely and efficient manner, if at all,' he said. 'For an administration so focused on eliminating unnecessary roadblocks, this is a clear attempt to use 'the process' to kill projects.'
The Interior memo said its actions were also intended to align agency policy with Trump's executive order earlier this month to 'strictly enforce' the wind and solar tax credit phaseouts in the megalaw, including by potentially rewriting long-standing rules that define when a project is considered to have started construction.
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NYC Mayor Eric Adams: ‘I have not asked' for Trump's help getting re-elected and president hasn't offered
NYC Mayor Eric Adams: ‘I have not asked' for Trump's help getting re-elected and president hasn't offered

New York Post

time17 minutes ago

  • New York Post

NYC Mayor Eric Adams: ‘I have not asked' for Trump's help getting re-elected and president hasn't offered

President Trump has yet to make overtures to assist Mayor Adams' re-election bid — and Hizzoner isn't counting on it. Trump recently hailed Adams' re-election bid and many of the commander-in-chief's supporters continue to pressure Republican Curtis Sliwa to drop out of the race and prevent a victory by 'communist lunatic' Zohran Mamdani. But Adams told The Post 'I have not asked him for [an endorsement or help], and he has not interfered with this race at all.' 5 Mayor Eric Adams says President Donald Trump has yet to make overtures to assist his re-election bid – and he's not counting on it. J.C. Rice Adams faces an serious uphill battle to get re-elected — with a series of recent polls having him in a distant third or fourth place, more than 20 points behind Democratic nominee and frontrunner Mamdani. Adams, however, expressed confidence he'll pull off an upset win in November, even if Sliwa and former Gov. Andrew Cuomo — a registered Democrat like Adams also running as an independent — remain in the race. 'I got to win the race based on what I do best, and that's campaign,' said Adams during an interview Thursday on the backyard porch of Gracie Mansion. The trio are jockeying for the votes of moderate Dems and Republicans, as well as the largest swath of the independent voters. Cuomo and Adams have repeatedly called for each other to drop out of the race, claiming only they can stave off the young far-left socialist from being handed the keys to New York City. Adams, who has repeatedly cozied up to the president, skirted questions about whether he'd even want a Trump endorsement considering Dems outnumber Republicans 6-1 in the city. 5 Trump has declined to comment who he will support NYC mayor, instead telling reporters earlier this week, 'I don't want to say.' AFP via Getty Images However, he wondered out loud why Cuomo didn't get the same criticism he received from lefty critics after Trump on Tuesday said the ex-governor should stay in the race because he 'has a shot' to beat Mamdani and prevent a 'communist' from running NYC. Trump declined to say who he would support, instead telling reporters on the White House lawn, 'I don't want to say.' Adams also skirted questions on whether he'd accept the Republican line if it became available. For that scenario to play out, Sliwa, 71, under state election law, would either first have to accept a federal appointment or die. There's also some precedent for him to be removed from the ballot if he moves out of Gotham and alerts election officials he can't serve as mayor. Adams would then need the backing of at least three of the five Republican county chairs to replace Sliwa on the Republican line. 5 Socialist Queens Assemblyman Zohran Mamdani is frontrunner to become NYC's next mayor. Paul Martinka Sliwa, however, insists he remains all in on his mayoral bid — even though he's not expecting a Trump endorsement based on past bad blood between the two. Although Trump has yet to reach out to Adams, he has repeatedly blasted Mamdani after the socialist's stunning upset in New York's Democratic mayoral primary last month. 'Democrats have crossed the line by elevating a 100% Communist Lunatic,' Trump railed in a Truth Social post on June 25. Adams has repeatedly come under fire from his party's far-left faction for having a good working relationship with the Republican president. 5 Ex-Mayor Bill de Blasio said Adams should avoid a Trump endorsement if he wants to be re-elected. William Farrington Some pols and political pundits say Adams could see a significant bump in support from Trump-loving Republicans and moderate Democrats if the president offered the mayor his support. 'Moderates Democrats might have a problem with Trump, but they're more likely to have a bigger problem with Mamdani,' said Hank Sheinkopf, a longtime Democratic consultant. 'They might look at Adams and say he's a [retired NYPD] cop and understands all our problems.' Yet Adams should expect little support from New Yorkers who voted for Mamdani in the Democratic primary — especially if Trump endorses him, Sheinkopf added. Far-left ex-NYC Mayor Bill de Blasio agreed, adding a potential endorsement from Trump would all but doom Adams' re-election campaign. De Blasio told The Post his advice for any candidate in the left-leaning Metropolis — including Adams — is 'you're going to lose more than you gain' with a Trump endorsement, considering only 30% of NYC voters supported Trump in last year's presidential election. 5 Former New York Gov. Andrew Cuomo — a registered Democrat like Adams — also is running for mayor as an independent. John Angelillo/UPI/Shutterstock 'It's simply bad math: Two-thirds of New Yorkers would react badly to someone they saw affiliated with Trump . . . so you lose a bunch of Democrats,' said de Blasio, an avid supporter of the 33-year-old Mamdani. 'It's not 2001 where a Democratic Michael Bloomberg took on the Republican [mayoral] line sort of in a fusion way like we used to have where a moderate Republican could be acceptable to a certain number of Democrats,' he said. 'This is a whole different reality because of Trumpism. People have just hardened on their positions, so I don't see how it adds up.'

Navigating headwinds: Nigeria's economic outlook for H2 2025
Navigating headwinds: Nigeria's economic outlook for H2 2025

Business Insider

time18 minutes ago

  • Business Insider

Navigating headwinds: Nigeria's economic outlook for H2 2025

As the second half of 2025 begins, Nigeria finds itself at a critical economic crossroads. With mixed signals emerging from both global and local environments, policymakers, business leaders, and financial institutions must prepare for a delicate balancing act. From shifting geopolitical dynamics to domestic fiscal pressures, the outlook for H2 2025 is characterized by uncertainty but also opportunity. FSDH's latest macroeconomic update, titled 'Balancing on the Edge in a Fragile World,' provides timely insights into what lies ahead and how stakeholders can navigate this complex terrain. Globally, two major developments have reshaped the economic outlook: the return of Donald Trump to the U.S. presidency and the escalation of the Israel-Iran conflict. Trump's reintroduction of import tariffs—10% across the board, with additional levies on selected countries—has renewed global trade tensions, undermined multilateralism, and triggered capital flow reversals to emerging markets. Meanwhile, the Middle East conflict has disrupted oil supply routes, increased freight costs, and spurred volatility in global commodity prices. These external shocks have led the International Monetary Fund (IMF) to revise its global GDP growth forecast downward to 2.8% in 2025, from an earlier 3.3%. Although Sub-Saharan Africa is expected to grow by 3.8%, driven by structural reforms and improved export performance; however the region remains vulnerable to external shocks, especially in energy markets and financial flows. Domestic Realities: Falling Short of Oil Expectations Nigeria, still heavily reliant on oil, has felt the weight of these developments. Despite commendable efforts to diversify her export base, oil remains the lifeblood of government revenue. The Federal Government's ₦54.99 trillion 2025 budget was benchmarked at US$75 per barrel and 2.06 million barrels per day in production. However, actual performance in H1 2025 has fallen short, with oil prices averaging US$72 per barrel and production consistently below target. This has created a growing fiscal gap and raised questions about Nigeria's ability to meet her ₦35 trillion revenue projection. Positive Signs: PMI Growth and Inflation Tapering Despite these challenges, there are positive signals in the local economy. The Purchasing Managers' Index (PMI), a reliable indicator of economic activity, remained above 50 points between January and May 2025, indicating expansion in key sectors such as agriculture, industry, and services. Inflation, while still high, has begun to decline—from 24.5% in January 2025 to 23% by May 2025—thanks to the combination of improved food supply, relative exchange rate stability, and methodological adjustments by the National Bureau of Statistics. Exchange Rate Stability: Progress or Pause? Exchange rate dynamics have also shown signs of stabilisation. The Naira stood at ₦1,539/US$ as of June 2025, reflecting only a marginal 0.2% depreciation year-to-date. The 'willing buyer, willing seller' FX policy has improved transparency and market confidence, although Nigeria's external reserves declined by 8.5% in H1—from US$40.9 billion to US$37.3 billion—due to rising import bills and debt repayments. FSDH projects that exchange rate stability will depend on continued FX inflows, investor confidence, and fiscal discipline. With oil prices expected to hover around US$75-US$78 per barrel, maintaining production and boosting non-oil exports will be critical. Analysts caution that a renewed slump in oil output or a further deterioration in global trade conditions could reignite currency volatility. Fiscal Reform in Focus: Tax Administration Shake-Up A major turning point in H1 2025 came in June, when President Tinubu signed four transformational tax reform bills into law. These include the Nigeria Tax Act, Nigeria Tax Administration Act, Joint Revenue Board Act, and Nigeria Revenue Service Act. Collectively, these reforms aim to harmonise tax administration, improve compliance, and empower a new, independent national revenue service. Highlights of the reforms include raising the Capital Gains Tax for corporates from 10% to 30%, introducing a Development Levy on large firms, zero-rating VAT for essential goods, and exempting small businesses with under ₦100 million turnover from filing taxes. The reforms are expected to grow Nigeria's tax-to-GDP ratio from 10% to 18% within three years. While implementation remains a hurdle—especially at state and local levels—this marks a significant shift in Nigeria's revenue strategy. In the capital markets, optimism is quietly building. The Nigerian Exchange (NGX) posted a 16.6% year-to-date return as of June 2025, outperforming many global indices. Banking and consumer goods stocks led gains, buoyed by strong corporate earnings and macro reforms. Treasury Bill yields and long-term bond rates have declined, signaling renewed investor appetite for Nigerian assets. Foreign Portfolio Investments (FPIs) flows have increased significantly, hitting US$5.46 billion in Q1—a 67% jump from the previous quarter. This resurgence has been fueled by FX reform, positive real interest rates, and improved clarity on policy direction. However, the risk of 'hot money' outflows remains, underscoring the need for deeper, longer-term capital investments. Strategic Priorities for H2 2025 Looking ahead, FSDH outlined several strategic imperatives for economic stakeholders in H2 2025. First, there is an urgent need to boost oil production, not just to meet budget benchmarks, but to enhance export earnings. Second, the country must deepen its non-oil export capabilities, especially in agriculture and manufacturing, to diversify FX sources. Third, unlocking private-sector credit by reducing the high Cash Reserve Ratio (CRR) remains key to real sector growth. Fourth, leveraging ongoing tax reforms to enhance state-level revenue and improve the business climate is vital. Importantly, Nigeria's digital economy and financial technology space also hold promise. The integration of AI, open banking frameworks, and digital payment systems are transforming how financial services are delivered. FSDH notes that institutions that embed digital transformation into their service models will lead in agility, customer retention, and market expansion. Cautious Optimism: Nigeria's Path Forward While global risks remain—from U.S. monetary policy to geopolitical tensions and potential oil shocks—Nigeria has the tools to stay on a path of gradual stabilisation. The success of H2 2025 will depend on disciplined execution of reforms, coordinated fiscal and monetary policy, and institutional accountability. Nigeria's economic outlook for the rest of 2025 is cautiously optimistic. Inflation is expected to decline further which may allow for monetary easing later in the year. The Naira is likely to remain within the current range, while GDP growth will be modest, driven by agriculture, services, and rising investor interest. Structural reforms are beginning to take root, but the second half of the year will require political will, macroprudential discipline, and bold leadership. And as FSDH aptly notes in its report, 'Resilience is not just about surviving the storm; it's about building structures that thrive within it.' Nigeria has the opportunity to prove that in H2 2025.

Trump says ‘left lunatics' won't be satisfied with Epstein grand jury testimony
Trump says ‘left lunatics' won't be satisfied with Epstein grand jury testimony

The Hill

timean hour ago

  • The Hill

Trump says ‘left lunatics' won't be satisfied with Epstein grand jury testimony

President Trump on Saturday said even if his administration releases all of the grand jury testimony in the case related to disgraced financier and convicted sex offender Jeffrey Epstein, it will not be enough to satisfy the 'troublemakers and radical left lunatics.' 'I have asked the Justice Department to release all Grand Jury testimony with respect to Jeffrey Epstein, subject only to Court Approval. With that being said, and even if the Court gave its full and unwavering approval, nothing will be good enough for the troublemakers and radical left lunatics making the request,' Trump wrote on Truth Social. 'It will always be more, more, more. MAGA!' The Justice Department (DOJ) filed two nearly identical motions to the U.S. District Court for the Southern District of New York on Friday, asking the federal court to unseal the grand jury transcripts in the Epstein case. It is uncommon for a grand jury transcript to be made public over sensitive information, but it can be achieved. DOJ said in the motions, which were filed by Deputy Attorney General Todd Blanche, that it would strike the names of potential victims and other 'personal identifying information' before the release of the transcript. The pair of motions came a day after Trump directed Attorney General Pam Bondi to release 'pertinent grand jury testimony.' 'Based on the ridiculous amount of publicity given to Jeffrey Epstein, I have asked Attorney General Pam Bondi to produce any and all pertinent Grand Jury testimony, subject to Court approval,' he wrote Thursday online. 'This SCAM, perpetuated by the Democrats, should end, right now.' The administration has faced increased pressure from the president's MAGA base to produce more documents related to the case, particularly after an unnamed joint FBI and DOJ memo published last week concluded that Epstein — who ran in high-powered circles — died by suicide in 2019 and that he did not keep a so-called 'client list.' The findings unnerved some, who claim they contradict comments Bondi made earlier this year, including vowing transparency in the case. The latest move to unseal the testimony came after The Wall Street Journal reported on an alleged letter Trump sent to Epstein for the financier's 50th birthday. The letter, a copy of which was not published in the article, contains text framed by the outline of a naked woman and has the words 'Happy Birthday — and may every day be another wonderful secret.' The president has denied that he sent the letter and sued the newspaper on Friday for defamation in federal court. 'Defendants concocted this story to malign President Trump's character and integrity and deceptively portray him in a false light,' his legal team said. Trump has in recent days criticized Republicans for being fixated on the issue and urged his allies to move on, to no avail. He's also questioned why Democrats did not bring up the files when they had control of the Senate and White House. 'BECAUSE THEY HAD NOTHING!!!' he wrote Friday.

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