Latest news with #TrumpTeam
Wall Street Journal
28-05-2025
- Business
- Wall Street Journal
Paramount Has Offered $15 Million to Settle CBS Lawsuit. Trump Wants More.
A month into negotiations between Paramount Global PARA 0.50%increase; green up pointing triangle and President Trump to settle his lawsuit against CBS News, the parties remain far apart on terms. Paramount Global in recent days has offered $15 million to settle, according to people familiar with the situation. Trump's team wants more than $25 million and is also seeking an apology from CBS News, one of the people said.
Yahoo
24-05-2025
- Business
- Yahoo
The Plan to Dismantle the IRS Is Already in Motion, Says Former CIA Insider
New federal strategy could shift tax burden away from citizens—and tap into buried national wealth BALTIMORE, May 24, 2025 (GLOBE NEWSWIRE) -- After more than a century of collecting wages from American workers, the Internal Revenue Service may soon be facing extinction. That's the claim from Jim Rickards, a former CIA advisor and legal strategist to the White House and U.S. Treasury. According to Rickards, the plan centers around a three-part strategy: Eliminate income taxes for the middle class Redirect revenue through tariffs on foreign imports Monetize the $150 trillion worth of mineral wealth locked beneath U.S. soil America's Middle Class May Finally Be Off the Hook The proposal—now being shaped by Trump's economic team—would end federal taxes on wages, tips, and Social Security for Americans earning under $150,000 per year. And according to Howard Lutnick, Trump's Commerce Secretary, the goal couldn't be clearer: 'Presidents' goal is very simple. To abolish the Internal Revenue Service and let all the outsiders pay.' Instead of taxing everyday Americans, the government would collect from international trade. But what no one has said yet is the potential Rickards sees in resource royalties—particularly from vast, untouched deposits on federal land. The Untapped Treasury Beneath Our Feet Rickards ties the feasibility of the plan to a recent legal shift: the 2024 Supreme Court decision that overturned the Chevron Doctrine. That ruling stripped federal agencies of their ability to block resource development—unlocking what Rickards calls America's 'forgotten reserve.' 'This is real, physical wealth,' he explains. 'Copper, lithium, uranium—enough to fuel A.I., energy, defense, and wipe out the national deficit.' Estimates value these assets at $150 trillion, with documented concentrations including: $3.1 trillion in Nome, Alaska $7.35 trillion in Midland, Texas $516 billion near the Salton Sea Rickards outlines the full implications in a new briefing The American Birthright, which connects the Supreme Court ruling, the mineral reserve, and a plan to replace income tax with a sovereign wealth strategy. About Jim Rickards Jim Rickards is a former legal and economic advisor to the CIA, Pentagon, and U.S. Treasury. He now serves as editor of Strategic Intelligence, a financial and geopolitical research service focused on American economic resilience and wealth protection. Media Contact:Derek WarrenPublic Relations ManagerParadigm Press GroupEmail: dwarren@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
22-05-2025
- Business
- CBC
Is Trump's tariff negotiation strategy backfiring?
There is a clear pattern to U.S. President Donald Trump's tariff negotiations. Andrew Chang explains key steps to Trump's playbook and to what extent they work. Then, the bizarre way Trump's team calculated reciprocal tariffs.
Washington Post
07-05-2025
- Business
- Washington Post
The more Trump talks about making trade deals, the more confusing the tariff picture gets
WASHINGTON — The more President Donald Trump talks about his efforts to reach deals with America's trading partners, the more confusing the tariff picture gets. His team seems good with that, saying Trump is using 'strategic uncertainty' to his advantage. Trump says the United States does not have to sign any agreements, and that it could sign 25 of them right now. He says he is looking for fair deals on all sides, and that he does not care about other countries' markets. He says his team can sit down to negotiate the terms of a deal, and that he might just impose a set of tariffs on his own.
Yahoo
12-02-2025
- Politics
- Yahoo
Trump Team frustrated by ICE arrest numbers, agency not revealing specifics about who is being detained
CHICAGO (WGN) — There are several signs President Donald Trump's mass deportation efforts in Chicago are not as significant as promised—which doesn't mean immigrants aren't on edge. Days after the inauguration, and with Dr. Phil and his camera crew in tow, the Trump Team announced mass deportation efforts were underway. But three weeks in, they now acknowledge the numbers aren't where they want them to be. While ICE's last update said they've arrested 9,000 people across the country, they've refused repeated requests to reveal how many of those arrests took place in Chicago. They're also not providing a breakdown of how many of those arrested have a violent criminal history. Trump's border czar Tom Homan has repeated his frustration with states like Illinois which have laws banning local police and jailers from cooperating with deportation efforts. More: 'Illinois follows the law': Pritzker responds after Trump administration sues Illinois, Chicago over sanctuary status 'If you look at it, arrests and interior enforcement are three times higher than what they were one year ago today. Three times higher is good; but I'm not satisfied,' Homan said. 'Any sanctuary city that purposefully releases public safety threats back in the public is stupid. I mean, let us arrest a bad guy in the jail.' While ICE highlights a handful of arrests of violent criminals under the banner 'the worst first' – the agency isn't releasing much in the way of details. Syracuse University's Trac Immigration project says on January 26 – the most recent date available – 14,882 people were in custody as a result of ICE arrests a 36 percent increase over one year ago. In Elgin, two weeks ago, agents looking for a fugitive with a violent past didn't find him but did arrest a 44-year-old father of four who relatives say had been in this country for two decades working as a roofer. WGN Investigates: Investigating public corruption, crime & fraud 'I've already seen the stories about non-criminals being arrested at a higher rate – and they're going to keep being arrested at a higher rate – because we can't get the bad guy in jail so we go into the community,' Homan said. 'And when we find the bad guy in the community, they're probably with others who aren't a criminal priority but they're going to get arrested too.' Immigrant advocates say they think awareness campaigns – instructing immigrants about their rights – have made enforcement more difficult. Tovia Siegel is with The Resurrection Project. 'We did see increased enforcement but not nearly at the rate and numbers that the federal government was claiming and threatening,' Siegel said. 'They're not opening the door when agents come without a warrant. They're remaining silent. They're exercising their constitutional rights and in doing so protecting themselves and their families.' Trump signed an executive order ending asylum, he's also working to strip away protected status for those who are already here. Lawsuits have been filed. Regardless of their outcome there's another ground truth, southern border crossings have dropped 74 percent since trump took office. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
