Latest news with #trumps
Yahoo
27-05-2025
- Business
- Yahoo
Trump's budget would make it harder for US courts to enforce contempt charges against government
After months of work on Trump's spending bill, House Republicans passed the legislative package — titled the "One Big Beautiful Bill Act" — on May 22, 2025. The next day, claims that the budget included a provision that, if the bill were to pass in the Senate, would legally eliminate U.S. courts' ability to enforce contempt charges against government officials began to spread across multiple platforms (archived, archived, archived, archived). One post (archived) on Facebook that users shared more than 31,000 times, as of this writing, claimed: A small addition to the budget bill House GOPers are pushing upends the traditional balance of power by forbidding courts to charge Trump and other government officials with contempt for defying court orders. The bill also blocks court-ordered national injunctions to prevent potential illegal acts posing imminent harm. With the SCOTUS ruling giving Trump immunity, this small part of the bill completes his quest to become America's first dictator. The section of the budget these posts reference does exist. However, the posts fail to capture certain nuances in the potential impacts of the provision. In reality, the provision will likely not "forbid" courts from charging Trump and other government officials with contempt for defying court orders, but it would make it more difficult for them to do so. Buried in the bill on Page 544 of the budget, the provision reads: SEC. 70302. RESTRICTION ON ENFORCEMENT. No court of the United States may enforce a contempt citation for failure to comply with an injunction or temporary restraining order if no security was given when the injunction or order was issued pursuant to Federal Rule of Civil Procedure 65(c), whether issued prior to, on, or subsequent to the date of enactment of this section. While the provision does not necessarily corroborate the claim in its entirety, it would significantly limit courts' ability to check executive power. Most recently, the Trump administration has dismissed judges' orders in several deportation cases, including an order to return Kilmar Abrego Garcia, the Maryland man the administration mistakenly deported to El Salvador in March 2025. Jeff Feldman, a professor at the University of Washington School of Law, wrote via email: "That language, on its face, would not eliminate the court's ability to enforce contempt charges against the government. It would make it much more difficult, though." He also noted that he had not reviewed the entirety of the legislation (which is more than 1,000 pages long), and there could be language or other provisions within the bill that impact the meaning or provide context for the language of the provision in question. Feldman elaborated: While the language in the bill does not eliminate the court's ability to enforce contempt charges against the government, by conditioning contempt power on the requirement that security have been posted, the language makes it much more difficult to obtain an enforceable injunction and, likewise, makes it much less likely that a government agency or individual will be found to be in contempt for failing to comply with the terms of an injunction. In other words, according to the language in the bill, if the government fails to comply with an injunction — a court order requiring a person to do or cease doing a specific action — U.S. courts (including the U.S. Supreme Court) do not have the right to enforce a contempt citation — the consequence for an act of disobedience or disrespect toward the judicial branch — unless the plaintiffs have paid security (most commonly a bond). Without paying a bond, plaintiffs would not have access to federal courts. These rules are already in place for non-government plaintiffs according to Federal Rule of Civil Procedure 65(c), which reads, "The court may issue a preliminary injunction or a temporary restraining order only if the movant gives security in an amount that the court considers proper to pay the costs and damages sustained by any party found to have been wrongfully enjoined or restrained," but also notes, "The United States, its officers, and its agencies are not required to give security." There are several reasons the budget bill's provision would make it difficult, and in many cases impossible, for courts to obtain an injunction, according to Feldman: First, the government is not a private business or individual who could suffer economically if issued an injunction; this is the purpose of plaintiffs providing security. Injunctions do not pose the same risk to government agencies or individuals and the government will not "go out of business" as a result of an injunction. Second, because the government is not a business or individual, it would be very difficult for courts to determine the amount of required security. Lastly, individuals and groups suing the government do not have access to the kind of money that the government is likely to argue is necessary to protect the government during the injunction period, nor would individuals or groups likely have access to the substantial assets required to obtain a bond as security. Democratic members of Congress argue the provision is not budget-related and therefore unlikely to make it past the Senate's "Byrd Rule," which is a guideline in place to keep nonfiscal matters out of budget proposals. Defiance toward federal courts is also highly unpopular with the American public. A recent Pew Research poll found that nearly 78% of Americans say "the administration has to follow the court's ruling and stop its action" if a federal court rules that an action by the Trump administration is illegal. In sum, the provision social media posts referenced in regard to balance of power between the Trump administration and federal courts is a real part of the "One Big Beautiful Bill Act," although it does not explicitly say it would "forbid" courts to charge Trump and other government officials with contempt for defying court orders. The bill would, however, make the process more difficult because the provision would require plaintiffs to post an undetermined amount of money for a U.S. court to enforce a contempt citation, while the U.S. government has access to offensive and defensive resources otherwise unavailable to the general public. Beshay. 'Views of How the Trump Administration Governs'. Pew Research Center, 23 Apr. 2025, 'Ensuring the Enforcement of Federal Rule of Civil Procedure 65(c)'. The White House, 11 Mar. 2025, '"Hidden" Provision in Trump's Big Bill Could Disarm US Supreme Court'. Newsweek, 22 May 2025, 'Injunction'. LII / Legal Information Institute, Accessed 27 May 2025. Justice Manual | 752. General Definition of Contempt | United States Department of Justice. 19 Feb. 2015, Musgrave, Shawn. 'GOP Budget Would Make It Even Harder to Hold Trump Administration in Contempt'. The Intercept, 24 May 2025, News, A. B. C. 'Trump's Clash with the Courts Raises Prospect of Showdown over Separation of Powers'. ABC News, Accessed 27 May 2025. '"One Big Beautiful Bill Act"'. 'Rule 65. Injunctions and Restraining Orders'. LII / Legal Information Institute, Accessed 27 May 2025. 'Trump's Big Tax Bill Has Passed the House. Here's What's inside It'. AP News, 22 May 2025,
CNBC
21-05-2025
- Business
- CNBC
Gold hits one-week high on weaker dollar, U.S. fiscal concerns
Gold prices rose on Wednesday to their highest levels in a week as the dollar weakened and investors sought safety amid U.S. fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.2% at $3,293.98 an ounce, as of 0209 GMT, after hitting its highest level since May 12 earlier in the session. U.S. gold futures gained 0.3% to $3,295.80. The dollar retreated to its lowest level since May 8, making greenback-priced gold cheaper for overseas currency holders. "The general dollar index lost more than a full point in the last 24 hours as the Moody's downgrade, plus skepticism about trumps tax bill continues to undermine the dollar," said Marex analyst Edward Meir. Trump on Tuesday pressed his fellow Republicans in the U.S. Congress to unite behind a sweeping tax-cut bill, but apparently failed to convince a handful of holdouts who could still block a package that encompasses much of his domestic agenda. Gold, traditionally considered a safe-haven asset during political and economic uncertainty, tends to thrive in a low-rate environment. "Over the medium- to longer-term, further upside in gold is favored, though if any positive trade-deal headlines arise this could be an obstacle for gold in attempting to reclaim the $3,500 level," said KCM Trade Chief Market Analyst Tim Waterer. St. Louis Fed President Alberto Musalem told the Economic Club of Minnesota that easing trade tensions would allow the labor market to stay strong and inflation to remain on path to the Fed's 2% goal. Traders now bet that the Fed will resume cutting rates in October and see around 54 basis points of cuts by the end of 2025. Spot silver fell 0.2% to $32.99 an ounce, platinum was down 0.3% at $1,050.25. Palladium gained 0.5% to $1,017.93, its highest level since February 4.
Business Recorder
21-05-2025
- Business
- Business Recorder
Gold hits one-week high on weaker dollar, US fiscal concerns
Gold prices rose on Wednesday to their highest levels in a week as the dollar weakened and investors sought safety amid U.S. fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.2% at $3,293.98 an ounce, as of 0209 GMT, after hitting its highest level since May 12 earlier in the session. U.S. gold futures gained 0.3% to $3,295.80. The dollar retreated to its lowest level since May 8, making greenback-priced gold cheaper for overseas currency holders. 'The general dollar index lost more than a full point in the last 24 hours as the Moody's downgrade, plus skepticism about trumps tax bill continues to undermine the dollar,' said Marex analyst Edward Meir. Trump on Tuesday pressed his fellow Republicans in the U.S. Congress to unite behind a sweeping tax-cut bill, but apparently failed to convince a handful of holdouts who could still block a package that encompasses much of his domestic agenda. Gold, traditionally considered a safe-haven asset during political and economic uncertainty, tends to thrive in a low-rate environment. 'Over the medium- to longer-term, further upside in gold is favoured, though if any positive trade-deal headlines arise this could be an obstacle for gold in attempting to reclaim the $3,500 level,' said KCM Trade Chief Market Analyst Tim Waterer. St. Louis Fed President Alberto Musalem told the Economic Club of Minnesota that easing trade tensions would allow the labor market to stay strong and inflation to remain on path to the Fed's 2% goal. Gold prices rebound on dollar weakness, US downgrade Traders now bet that the Fed will resume cutting rates in October and see around 54 basis points of cuts by the end of 2025. Spot silver fell 0.2% to $32.99 an ounce, platinum was down 0.3% at $1,050.25. Palladium gained 0.5% to $1,017.93, its highest level since February 4.
New Straits Times
21-05-2025
- Business
- New Straits Times
Gold hits one-week high on weaker dollar, US fiscal concerns
KUALA LUMPUR: Gold prices rose on Wednesday to their highest levels in a week as the dollar weakened and investors sought safety amid US fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.2 per cent at US$3,293.98 an ounce, as of 0209 GMT, after hitting its highest level since May 12 earlier in the session. US gold futures gained 0.3 per cent to US$3,295.80. The dollar retreated to its lowest level since May 8, making greenback-priced gold cheaper for overseas currency holders. "The general dollar index lost more than a full point in the last 24 hours as the Moody's downgrade, plus skepticism about trumps tax bill continues to undermine the dollar," said Marex analyst Edward Meir. Trump on Tuesday pressed his fellow Republicans in the US Congress to unite behind a sweeping tax-cut bill, but apparently failed to convince a handful of holdouts who could still block a package that encompasses much of his domestic agenda. Gold, traditionally considered a safe-haven asset during political and economic uncertainty, tends to thrive in a low-rate environment. "Over the medium- to longer-term, further upside in gold is favoured, though if any positive trade-deal headlines arise this could be an obstacle for gold in attempting to reclaim the US$3,500 level," said KCM Trade Chief Market Analyst Tim Waterer. St. Louis Fed President Alberto Musalem told the Economic Club of Minnesota that easing trade tensions would allow the labor market to stay strong and inflation to remain on path to the Fed's 2 per cent goal. Traders now bet that the Fed will resume cutting rates in October and see around 54 basis points of cuts by the end of 2025. Spot silver fell 0.2 per cent to US$32.99 an ounce, platinum was down 0.3 per cent at US$1,050.25. Palladium gained 0.5 per cent to US$1,017.93, its highest level since February 4.
Yahoo
21-05-2025
- Business
- Yahoo
Gold hits one-week high on weaker dollar, US fiscal concerns
By Anushree Mukherjee (Reuters) - Gold prices rose on Wednesday to their highest levels in a week as the dollar weakened and investors sought safety amid U.S. fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.2% at $3,293.98 an ounce, as of 0209 GMT, after hitting its highest level since May 12 earlier in the session. U.S. gold futures gained 0.3% to $3,295.80. The dollar retreated to its lowest level since May 8, making greenback-priced gold cheaper for overseas currency holders. [USD/] "The general dollar index lost more than a full point in the last 24 hours as the Moody's downgrade, plus skepticism about trumps tax bill continues to undermine the dollar," said Marex analyst Edward Meir. Trump on Tuesday pressed his fellow Republicans in the U.S. Congress to unite behind a sweeping tax-cut bill, but apparently failed to convince a handful of holdouts who could still block a package that encompasses much of his domestic agenda. Gold, traditionally considered a safe-haven asset during political and economic uncertainty, tends to thrive in a low-rate environment. "Over the medium- to longer-term, further upside in gold is favoured, though if any positive trade-deal headlines arise this could be an obstacle for gold in attempting to reclaim the $3,500 level," said KCM Trade Chief Market Analyst Tim Waterer. St. Louis Fed President Alberto Musalem told the Economic Club of Minnesota that easing trade tensions would allow the labor market to stay strong and inflation to remain on path to the Fed's 2% goal. Traders now bet that the Fed will resume cutting rates in October and see around 54 basis points of cuts by the end of 2025. Spot silver fell 0.2% to $32.99 an ounce, platinum was down 0.3% at $1,050.25. Palladium gained 0.5% to $1,017.93, its highest level since February 4. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
