Author

admin

Browsing

A federal judge in Maryland on Friday ruled that President Donald Trump lacked the authority to fire three Democratic members of the Consumer Product Safety Commission (CPSC) and ordered their reinstatement — teeing up another high-stakes court clash centered on Trump’s ability as commander-in-chief to remove or otherwise control the members of independent agencies.

U.S. District Judge Matthew Maddox, a Biden appointee, sided with the three ousted members of the board — Mary Boyle, Alexander Hoehn-Saric and Richard Trumka Jr. — in ruling that their firings were unlawful and ordered all three members to be reinstated to their posts.

In his ruling, Maddox said that the tenured design and protection of the five-member, staggered-term CPSC board does ‘not interfere with’ Trump’s executive branch powers under Article II of the U.S. Constitution.

The decision is a near-term blow for Trump, and comes just weeks after the Supreme Court last month agreed to uphold, for now, Trump’s removal of two Democratic appointees from the National Labor Relations Board (NLRB) and the Merit Systems Protections Board (MSPB). 

Both board members had challenged their terminations as ‘unlawful’ in separate lawsuits filed in D.C. federal court. The Supreme Court voted 6-3 in May to temporarily allow the firing of both board members, siding with lawyers for the Trump administration, who had urged the justices to keep both members on the job while the case continued to move through the lower courts.

In his ruling, Maddox sought to distinguish those cases from the terminations of members of the CPSC board and said that the Trump administration, in this case, had failed to identify neglect or malfeasance by any other Senate-confirmed commissioners on the CPSC, which is required by law to justify their removals. 

‘For the reasons set forth below, the Court finds no constitutional defect in the statutory restriction on Plaintiffs’ removal and that Plaintiffs’ purported removal from office was unlawful,’ he said in the order.

‘The Court shall enter an Order granting Plaintiffs’ motion, denying Defendants’ motion, and providing declaratory and injunctive relief permitting Plaintiffs to resume their duties as CPSC Commissioners.’

The decision clears the way for the members to return to their roles on the board, pending an appeal to higher courts by the Trump administration. 

The case is the latest in a string of challenges centered on Trump’s ability to remove members of independent boards. Like the NLRB and MSPB rulings, it centers on the 90-year-old Supreme Court decision known as Humphrey’s Executor, in which the court unanimously ruled that presidents cannot fire independent board members without cause.

Maddox invoked the uncertainty created by the preliminary posture of the NLRB and MSPB cases, which saw both plaintiffs removed and reinstated to their positions multiple times — which he said was the basis for ordering more permanent injunctive relief.

‘Disruption might have resulted in the instant case if Plaintiffs had been reinstated while this case was in its preliminary posture, only to have the Court later deny relief in its final judgment and subject Plaintiffs to removal again,’ said Maddox. ‘The risk of such disruption is no longer a factor now that the Court is granting permanent injunctive relief as a final judgment.’ 

This post appeared first on FOX NEWS

Sen. Lindsey Graham, R-S.C., called for the president to go ‘all-in’ for Israel should a diplomatic end to the conflict with Iran not be met.

Earlier in the day, President Donald Trump called on Iranian leaders to return to the negotiating table to strike a nuclear deal to avoid ‘even more brutal’ attacks.

Graham lauded Trump’s desire to bring Iran back to the table but countered that ‘if Iran refuses this offer, I strongly believe it is in America’s national security interest to go all-in to help Israel finish the job.’

‘One of the benefits of this approach is that it would substantially undo the damage done to our reputation by Biden’s disastrous withdrawal from Afghanistan,’ Graham said on X. 

‘If diplomacy fails, going all-in for Israel shows that America is back as a reliable ally and a strong force against oppression. It would strengthen our hand in all corners of the world, as well as all other conflicts we face.’

His zeal to support the Jewish State came before Fox News reported that two U.S. Navy Destroyers, the USS Sullivans and USS Arleigh Burke, were assisting Israel to shoot down incoming missile volleys from Iran.

However, other pro-Israel lawmakers were not ready to see American troops deployed in the region and believed Trump would be the key to preventing any action from the U.S.

‘I can’t imagine a world in which that happens,’ Sen. Josh Hawley, R-Mo., told Fox News Digital. ‘I’d be opposed to that. The president is adamantly opposed to that. I trust President Trump here to keep our troops and other personnel safe in the region.’

Hawley said Trump ‘has offered Iran an off-ramp here for a long time’ through the nuclear agreement negotiation and noted the president again offered an out.

‘You know, they ought to take that off-ramp,’ he said.  

Senate Foreign Relations Committee Chair Jim Risch, R-Idaho, told Fox News Digital in a statement that ‘no one hates to see U.S. troops put at risk more than our president.’

‘President Trump has worked tirelessly to end wars and stop killing. And, in this case, I know he will continue to do all he can to keep U.S. troops out of harm’s way as the war between Israel and Iran unfolds,’ he said.

Israel’s strike on Iran was intended to take out the country’s nuclear enrichment program and carry out targeted attacks on a number of top Iranian officials.

Sen. Tim Sheehy, R-Mont., said the strike was ‘warranted’ given Iran’s years of aggression against Israel, but he agreed with the president that negotiations needed to resume.

‘A regime that chants ‘Death to America’ and ‘Death to Israel’ can never be allowed to have a nuclear weapon,’ he said in a statement to Fox News Digital. ‘Israel has every right to defend itself, and America stands with Israel.’

But others, like Sen. Mark Kelly, D-Ariz., accused Trump of killing the Iran nuclear agreement and contended that the end of negotiations ‘accelerated Iran’s development towards a bomb.’

Still, he hoped a deal could be made to prevent further ‘escalation in the region that could endanger American citizens, troops and our interests.’

‘As we support Israel in protecting their people from Iran’s response, everyone needs to be focused on de-escalation,’ Kelly said in a statement.

Fox News Digital reached out to the White House for comment.

This post appeared first on FOX NEWS

The headlines say the job market is holding steady. But the devil is in the details.

Quiet buyouts, strategic tech layoffs, and hiring freezes are sweeping through some of the world’s most profitable companies. 

The signs are pointing towards a new type of corporate operating model, and artificial intelligence is at the center of it.

Why are companies cutting jobs in a growing economy?

Since early 2025, companies like Google, Microsoft, Amazon, and Procter & Gamble have eliminated thousands of jobs. 

The pattern is not limited to one sector. Cybersecurity firms, education platforms, retail giants, and media companies are all doing the same.

Most reports cite “cost-cutting” or “efficiency.” But the macro data doesn’t fully support that narrative.

The US labor market appears stable. April jobs data beat expectations. Inflation has cooled. Yet corporate layoffs continue in waves. 

Source: CNBC

The same pattern is visible in China, where job fairs for new graduates are oversaturated and automation is growing fast in marketing and software engineering.

This is not a cyclical pullback. It’s a structural adjustment.

The economic pressure from tariffs is part of it, especially after President Trump’s trade policies resumed in 2025, raising import costs and prompting new rounds of price hikes. 

But the deeper force is the rise of enterprise-level AI. And it’s real. Companies are not just experimenting with AI.

They’re redesigning entire departments around it.

AI isn’t taking jobs – it’s replacing departments

Google has spent over $75 billion this year on AI infrastructure, according to the Wall Street Journal.

That includes the development of “AI Mode” for search, a restructuring of internal learning tools, and massive capital outlays across engineering and research.

To fund this shift, the company has quietly offered voluntary buyouts across Search, Ads, HR, Legal, and Communications. 

Executives have framed it as a “supportive exit path,” especially for those not aligned with the company’s new direction.

In reality, it is a managed transition toward an AI-first workforce.

Microsoft has followed a similar pattern. In May, it eliminated 6,000 positions across all divisions, unrelated to performance, with the stated goal of removing management layers. 

Klarna cut 40% of its workforce after AI replaced over 700 customer service agents. 

Shopify now requires teams to justify why a job can’t be automated before they can make a new hire.

Salesforce says internal AI tools have reduced the need to hire more engineers and customer service staff, allowing the company to save $50 million this year by redeploying hundreds of roles instead of expanding headcount.

Meta is also in the middle of a sweeping AI overhaul.

The company plans to spend up to $72 billion this year to automate internal systems, replace human-led reviews, and fully transform its advertising business with generative tools. 

At Meta, everything from privacy checks to campaign creation is being rebuilt through AI to lower costs and reduce reliance on outside agencies.

In China, the situation is more public. Meituan reported that 52% of new code in May was generated by AI, up from 27% just two months earlier. 

Zhou Hongyi, founder of 360 Security, announced he plans to eliminate the entire marketing department and use generative AI tools to handle communications. He claims it will save “tens of millions per year.”

This is not about saving a few percentage points on headcount. It’s about rebalancing how work gets done.

White-collar work is no longer the default entry point

AI adoption is creating a new labor bottleneck, especially at the entry level.

Job cuts are not just reducing teams. They are removing the traditional onboarding ramp for young professionals.

March and April job growth in the US was revised down by 95,000 positions. 

According to ADP, private-sector hiring hit its lowest level in over two years. 

New graduates are finding it harder to enter the job market.

At the same time, internal mobility is slowing, with incumbent employees choosing to stay put.

In China, the Ministry of Finance has allocated nearly $9.3 billion in employment subsidies, and a new pilot program is testing robots for elderly care.

But the cultural and structural issues run deeper.

Competition remains extreme, overtime is normalized, and many college graduates are turning to livestream selling or gig work in the absence of stable employment.

In both countries, the message is clear: if you don’t know how to use AI, your job prospects are limited.

Employers are no longer willing to train from scratch. They expect AI fluency up front.

Are buyouts the new tech layoffs?

Since early 2024, Google has changed its downsizing strategy from mass layoffs to voluntary exit programs. 

In January 2023, the company faced backlash for cutting off access to internal systems without warning.

Since then, it has offered buyouts across hardware, HR, legal, and now search.

The same offers now come with office mandates. Remote workers living within 50 miles of a Google office are required to return on a hybrid basis.

Those unwilling to do so are subtly encouraged to take the buyout.

This trend is not unique to Google. Across the tech sector, return-to-office policies now serve as filters.

They allow companies to reduce headcount without direct termination. 

The result is a cleaner exit path, especially for mid-level employees misaligned with new performance expectations.

This shows that work-from-anywhere flexibility is no longer considered a baseline perk. It’s a variable in cost analysis.

What comes next?

The first clear sign of the next phase is the disappearance of entry-level white-collar jobs.

These roles are being absorbed by software, outsourced, or removed altogether. 

New hires will be fewer, and those who remain will be expected to integrate AI tools into their daily workflows.

Anthropic CEO Dario Amodei has warned that AI could eliminate 50% of entry-level white-collar jobs in the next five years.

He predicts unemployment could reach 10-20% unless governments intervene. He proposed a “token tax” on large AI models to help redistribute productivity gains.

Meanwhile, in both the US and China, labor policies have not caught up. The conversation is still about reskilling and subsidy programs. 

But the deeper issue is that the structure of employment itself is changing.

We are moving toward a world where productivity does not require people in the same way it used to.

AI is not just a tool. It’s becoming the template. And tech companies are rushing to adopt it.

The post What’s the reason behind the surge in tech layoffs? appeared first on Invezz

India’s aviation regulator has directed Air India to carry out safety inspections on its Boeing BA 787-8/9 fleet, an order showed on Friday, Reuters said.

“As a preventive measure DGCA hereby directs M/s Air India to carryout following additional maintenance actions on B787-8/9 aircrafts equipped with Genx engines with immediate effect in coordination with the concerned regional DGCA offices,” said the official statement of DGCA.

Meanwhile, India’s aviation ministry confirmed Friday that one of the two black boxes—specifically the digital flight data recorder—was recovered from the rooftop of the wreckage.

Investigators are searching for answers after Air India flight AI171, a Boeing 787-8 Dreamliner, crashed moments after takeoff from Ahmedabad airport on Thursday, killing 241 of the 242 people aboard.

The cockpit voice recorder, which could provide crucial insights into the crew’s final moments, remains missing.

Engine thrust a key focus area of investigators

Citing people briefed on the probe, The Wall Street Journal reported on Friday that the investigation into the crash is focusing on whether the aircraft had a loss or reduction in engine thrust.

Investigators are examining whether the GE Aerospace GEnx-1B engines could have failed to generate the required power to lift the plane into a stable climb.

“The flight path after takeoff shows a slow rate of climb, before a rapid descent, suggesting a loss of power on takeoff, which would most likely be traced to the engines,” Investing.com cited Bernstein’s Douglas Harned as saying.

Aviation consultant Bob Mann added that the aircraft used almost the entire 11,000-foot runway before lifting off.

He noted that either engine misconfiguration or incorrect weight data input into the plane’s flight systems could have contributed to the crash.

“If the weight is low compared to the actual, you end up with not enough commanded power,” he said.

Mann however cautioned that his views were unofficial and not corroborated by data or cockpit voice recorders.

GE Aerospace, which manufactures the engines, saw its share price drop by nearly 2% during Friday pre-market trading.

Boeing shares were also down over 1% in pre-market trading.

Both companies have cancelled high-profile events following the tragedy—GE Aerospace pulled its investor day, while Boeing CEO Kelly Ortberg cancelled his scheduled appearance at the upcoming Paris Airshow.

Market pullback of BA stock ‘overdone’

The Boeing 787 Dreamliner has long been considered one of the safest widebody aircraft in operation.

Since its debut in 2011, nearly 1,200 units have been delivered.

Analysts point out that despite its solid track record, Thursday’s crash could prompt a re-evaluation of safety protocols and manufacturing standards.

Kristine Liwag of Morgan Stanley said, “Considering the long safety record of the 787 aircraft, investors view the market pullback of Boeing’s stock as overdone as the 737 MAX production rates improve.”

Morningstar analyst Nicolas Owens echoed this, stating, “Fatal aircraft failures are extremely rare, but no less tragic and alarming when they occur.”

Owens expects a lengthy, multi-agency investigation, potentially spanning months.

Morningstar maintained a fair value estimate of $242 for Boeing stock, which was trading at $203.75 on Friday.

Such inquiries may result in new safety recommendations across aviation operations, including software updates, manufacturing changes, or improved engine checks.

The International Civil Aviation Organization (ICAO), the Federal Aviation Administration (FAA), and India’s Directorate General of Civil Aviation (DGCA) are all expected to participate in the ongoing probe.

The post Air India crash: airline ordered to inspect Boeing 787 fleet; probe on engine thrust appeared first on Invezz

Defense stocks will be in the spotlight on Friday and in the coming days as investors focus on the ongoing crisis in the Middle East where Israel attacked Iran’s nuclear sites.

This attack’s severity means that Iran’s response will be brutal and possibly lead to a prolonged war that draws other countries, especially the United States. As a result, companies in the Military Industrial Complex (MIC) will likely benefit from this crisis. 

The situation is notable because Trump has been negotiating a truce with Iran, and is still holding talks with Russia. A peace deal in the two regions would likely impact these defense shares. 

Top defense stocks to buy 

Many companies in the defense sector may benefit from the ongoing crisis. The most notable of them are Lockheed Martin (LMT), Northrop Grumman (NOC), and General Dynamics.

Lockheed Martin Corporation (LMT)

LMT is the second-biggest company in the military-industrial complex that will benefit from this crisis. This explains why its stock jumped by over 4% in the premarket session. 

Lockheed is a juggernaut that manufactures many components used across all areas in the defense industry. Its aeronautics business includes the likes of F-35 Lightning, F-16 Fighting Falcon, and F-22 Raptor. 

The company also manufactures missiles, including the Javelin, Joint Air-to-Ground Missile (JGM), and Joint Air-to-Surface Standoff Missile (JASSM), and others.

Lockheed Martin also makes rotary and mission systems, including the Sirkosky Black Hawk, Aegis Combat System, and S-92 helicopter. It is also involved in the space industry, meaning that it will benefit from Trump’s Golden Dome project. 

Lockheed Martin stock price has underperformed the market in the past few months. It has risen by 0.77% in the last three months and by 4% in the last 12 months. It remains much lower than the last 12-month high of $598. 

Therefore, the LMT stock will likely do well in the next few weeks as the crisis in the Middle East will escalate. 

The most recent results showed that Lockheed Martin’s revenue rose by 4% in the first quarter to $18 billion, while its net earnings rose to $1.7 billion. It returned $1.5 billion to shareholders through dividends and buybacks.

Northrop Grumman (NOC)

Northrop Grumman is another top defense stock to buy after the crisis started. The company, like Lockheed, is involved in areas like land, sea, space, and air. 

Its aeronautical business makes products like B-2 Spirit, B-21 Raider, and E-2D Advanced Hawkeye. The company also makes rocket motors, advanced anti-radiation guided missiles, ground-based strategic deterrent, and airborne reconnaissance surveillance system.

Northrop Grumman’s products will likely be used if the Iran and Israel crisis escalates. 

The most recent results showed that Northrop Grumman’s new awards rose to $10.8 billion, giving it a new order backlog of $92.8 billion. Its revenue of $9.46 billion was 7% lower than the same quarter last year. Net earnings plunged by 49% to $481 million. NOC stock price has jumped by 17% in the last 12 months.

Read more: Why are analysts turning bullish on Northrop Grumman?

General Dynamics (GD)

General Dynamics is another defense stock that could benefit from the ongoing crisis in the Middle East. It is the fifth biggest defense contractor, focusing on combat systems, munitions and weapons, and marine systems. It also manufactures aerospace systems, including the popular Gulfstream Business Jet

Some of the most popular products that may be used in the Israeli and Iranian conflict are Abrams tank, Stryker Combat vehicles, and 155 millimeter ammunition. The stock will likely benefit from the ongoing crisis.

The other companies that may benefit are RTX, Huntington Ingalls Industries, Leidos, and Amentum.

The post Top 3 defense stocks to buy after Israel attacked Iran appeared first on Invezz

Retail behemoths Walmart and Amazon are exploring the issuance of their own stablecoins, says a Wall Street Journal report

These companies are aiming for a strategic maneuver that could save these companies billions in transaction fees and accelerate payment processing. 

Why are corporations looking at stablecoin?

Along with Walmart, Amazon, Expedia Group, and some large airlines are also looking to issue their stablecoins, the WSJ report said, citing sources. 

The move will affect financial companies negatively, including banks and credit card companies. 

The motivation behind such a bold step is clear: current payment systems, reliant on traditional currency and card networks, come with substantial costs and delays. 

Interchange fees, charged by card networks and issuing banks, eat into retailers’ margins. 

Furthermore, payment settlements can take days, creating cash flow inefficiencies for businesses operating on razor-thin profits. 

Stablecoins, digital tokens pegged one-to-one to fiat currencies like the U.S. dollar, offer a compelling alternative. 

They promise near-instantaneous transactions with significantly lower fees, directly addressing these pain points for high-volume merchants.

US’s tilt towards stablecoin

The companies’ plans would depend upon the GENIUS Act of the US, which aims to establish a regulatory framework for stablecoins. 

The GENIUS Act, which recently cleared a key Senate procedural vote, aims to bring clarity and oversight to the stablecoin market. 

Its provisions include requirements for stablecoins to be fully reserved and subject to federal or state regulatory oversight, designed to protect consumers and ensure financial stability. 

For companies like Walmart and Amazon, regulatory clarity is paramount. 

The absence of a clear legal framework has been a major impediment to broader corporate adoption of stablecoins. 

If the GENIUS Act passes, it would provide the necessary legal certainty for these retail giants to move forward with their plans, potentially unleashing a wave of innovation in merchant-led payment solutions.

Walmart, in particular, has been a vocal proponent of payment reform and has actively lobbied for changes to credit card regulations, reflecting its longstanding frustration with card network fees. 

This push for stablecoins aligns perfectly with Walmart’s broader strategy to expand its footprint in financial services. 

The company already offers a suite of financial services through its “Money Center,” including bill pay, check cashing, money orders, and money transfers. 

Walmart has also ventured into lending with “One Loans” and offers its own branded credit cards and debit cards. 

Issuing a stablecoin would be a natural extension of these existing offerings, potentially allowing Walmart to create a closed-loop payment ecosystem that further reduces costs and enhances customer loyalty.

For both Walmart and Amazon, a proprietary stablecoin could facilitate seamless domestic and international payments, streamline supply chain financing, and even enable innovative loyalty programs. 

It could also provide a competitive edge, allowing them to offer more attractive pricing to consumers by passing on some of the savings from reduced payment processing costs. 

WSJ had previously reported that the mega banks JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and other large commercial banks are discussing teaming up and issuing a joint stablecoin. 

The post Amazon and Walmart considering to issue own stablecoins: report appeared first on Invezz

Stocks fell sharply early Friday after Israel launched a wave of airstrikes on Iran, escalating geopolitical tensions and triggering a flight to safety that sent energy prices higher.

The Dow Jones Industrial Average dropped 469 points, or nearly 1.1%. The S&P 500 declined 0.6%, while Nasdaq 100 lost 0.8%, weighed down by losses in high-growth names.

Nvidia, Tesla, and other stocks that have led the market’s rebound from April lows pulled back as investors reduced exposure to risk.

In contrast, oil and defense stocks advanced. Shares of ExxonMobil and Chevron gained over 2% and 1%, respectively, while Lockheed Martin rose about 3%.

The selloff followed a statement from Israeli Defense Minister Israel Katz, who declared a special state of emergency after strikes on Iranian targets.

Crude prices surged in response, with Brent and West Texas Intermediate futures climbing more than 8%. WTI approached $74 per barrel.

Safe-haven assets also rallied. The US dollar strengthened and gold rose over 1% as investors sought protection from the mounting geopolitical risks.

Iran-Israel conflict

Iran launched more than 100 drones toward Israel early Friday, following a wave of Israeli missile strikes that killed several high-ranking Iranian military officials, including the Chief of Staff of the Armed Forces, the Commander of the Islamic Revolutionary Guard Corps (IRGC), and the head of Iran’s Emergency Command.

“We can now confirm that the Chief of Staff of the Iranian Armed Forces, Commander of the IRGC, and the Commander of Iran’s Emergency Command were all eliminated in the Israeli strikes across Iran,” said Israel Defense Forces spokesperson Effie Defrin.

“Iran launched approximately 100 UAVs towards Israeli territory, which we are working to intercept.”

The Israeli offensive, reportedly targeting nuclear enrichment sites, marks the largest attack on Iran since the Iran-Iraq War in the 1980s and comes just days ahead of a planned sixth round of nuclear talks between the US and Iran.

Jordanian state media confirmed that several Iranian drones were intercepted over its territory, with sirens sounding across the country’s north.

Iranian news agency Tasnim reported additional Israeli strikes Friday afternoon on a military airbase in the city of Tabriz.

Around the same time, US President Donald Trump posted his first public comments on the escalating crisis via Truth Social, warning Iran to return to the negotiating table.

“I gave Iran the opportunity to make a deal,” Trump wrote. “I told them, in the strongest terms, ‘Just do it.’ But no matter how hard they tried, and how close they got, they just couldn’t do it.”

The post US stocks crash at open: Dow Jones fell over 400 points, Nasdaq down 0.8% appeared first on Invezz

Elmo has a friend, indeed.

Minority Leader Hakeem Jeffries,D-N.Y., brought along a stuffed friend to help make a point on the House floor Thursday.

Jeffries held up a stuffed Elmo doll while accusing Republicans of targeting beloved children’s shows like ‘Sesame Street’ in their push to slash federal spending.

‘Today, we are on the floor of the House of Representatives debating legislation that targets Elmo. And Big Bird. And Daniel Tiger and ‘Sesame Street,” Jeffries said, waving the puppet as he railed against the GOP-led rescissions package.

The moment, widely circulated online, came during debate over the Republican-backed Proposed Rescissions of Budgetary Resources from President Trump, which would eliminate over $9 billion in unspent or low-priority federal funds.

Among the targeted programs: $3 million in taxpayer support for an international version of Sesame Street in Iraq.

Democrats objected to what they characterized as cultural and humanitarian vandalism disguised as fiscal responsibility. Rep. Sydney Kamlager-Dove, D-Calif., delivered one of the sharpest lines of the day: ‘While you all have killed off Elmo, I urge my colleagues to vote no on this trash and I yield back,’ Garcia said.

Republicans dismissed the theatrics and defended the package as a commonsense rollback of bloated, ideological spending. The bill also includes broader cuts to the Corporation for Public Broadcasting, which supports PBS and NPR, long-time targets of fiscal conservatives who argue the taxpayer shouldn’t subsidize public media.

Rep. Lisa McClain, R-Mich., rebutted, ‘I never realized Elmo was more important to my colleagues on the other side of the aisle than the American people.’

House Majority Leader Steve Scalise, R-La., pushed back forcefully: ‘The Minority Leader held up a Sesame Street character here on the floor as if Sesame Street’s somehow going to go away,’ Scalise said. 

‘I was watching a commercial on TV yesterday where the Cookie Monster was actually doing an advertisement for Netflix because a private company is paying money to run Sesame Street. It’s not going away. It’s doing just fine. Very lucrative.’

Scalise argued the bill doesn’t threaten Sesame Street’s survival, only its taxpayer subsidy, and called out what he described as ‘far-left, radical views’ being promoted through outlets like NPR and PBS.

‘There is still going to be a plethora of options for the American people,’ he said. ‘But if they are paying their hard-earned dollars to get content, why should your tax dollars go to only one thing that the other side wants to promote?’

He concluded bluntly: ‘They can still watch Sesame Street in Iraq. But let the Iraqi people pay for it — not the taxpayers of the United States of America’s children.’

Even more eyebrow‑raising was the inclusion of taxpayer‑funded global health spending for procedures like circumcisions.

Among the line items flagged by GOP lawmakers: $3 million to subsidize circumcisions, vasectomies and condoms in Zambia, alongside similar grants for transgender surgeries in Nepal. Republicans contended that pulling back these types of low-impact or ideological slush funds was a logical first step toward returning more than $9 billion to the U.S. Treasury.

The bill passed the House Appropriations Committee earlier this week and Senate Democrats have signaled strong opposition.

The bill passed the House in a 214–212 vote. Four Republicans, Reps. Mark Amodei, R-Nev.; Mike Turner, R-Ohio; Brian Fitzpatrick, R-Pa.; and Nicole Malliotakis, R-N.Y., broke ranks to vote against the bill. All Democrats voted no.

This post appeared first on FOX NEWS

Israeli Prime Minister Benjamin Netanyahu confirmed that one of Iran’s top nuclear facilities had been hit in Thursday night’s strike against the regime.

‘Iran has produced enough highly enriched uranium for nine atom bombs, nine,’ Netanyahu said. ‘In recent months, Iran is taking steps that it has never taken before, steps to weaponize this enriched uranium. And if not stopped, Iran could produce a nuclear weapon in a very short time.’

The Natanz Nuclear Facility – one of Tehran’s key nuclear sites and which has been flagged by security experts that in coordination with the Fordow Fuel Enrichment Plant, could produce enough weapons-grade uranium to produce 11 nuclear weapons within a month – has been hit in the strikes, though the extent of the damage remains unknown. 

‘We struck at the heart of Iran’s nuclear enrichment program. We struck at the heart Iran’s nuclear weaponization program,’ Netanyahu said in live remarks. ‘We targeted Iran’s main enrichment facility in Natanz. 

‘We targeted Iran’s leading nuclear scientists working on the Iranian bomb,’ he added. 

The Nantaz Nuclear Facility was at least partially destroyed in 2020 following an explosion, and satellite imagery has suggested Iran began constructing deep underground tunnels to further secure and obscure their nuclear program, reported the Institute for Science and International Security earlier this year. 

It is unclear at this time if any of the underground structures were hit in the Thursday night strikes. 

‘We will not let the world’s most dangerous regime get the world’s most dangerous weapons, and Iran plans to give those weapons, nuclear weapons, to its terrorist proxies,’ Netanyahu said. ‘That would make the nightmare of nuclear terrorism all too real. 

‘The increasing range of Iran’s ballistic missiles would bring that nuclear nightmare to the cities of Europe, and eventually to America,’ he added. 

Reporting by The New York Times also said the Parchin military complex had been hit in the overnight strikes, though Fox News Digital could not independently confirm the hit.

The extent of the damage also remains unknown as it was reported in November that the Parchin military complex had been significantly damaged in Israel’s October strikes which housed a nuclear weapons research facility. 

Another five military bases surrounding Tehran were also reportedly hit. 

This post appeared first on FOX NEWS

When it comes to the nation’s federal government, GOP Sen. Ron Johnson of Wisconsin is ‘not a fan.’ 

He believes that it ’causes or exacerbates more problems than it actually solves,’ telling Fox News Digital during an interview on Wednesday that the bulk of his oversight is ‘to expose how awful government is’ in order to obtain ‘public support for reducing it, limiting its size, limiting its cost, limiting its influence over our lives.’

‘As our federal government grows, our freedoms recede,’ he said. ‘You see what the federal government does, how it wastes money.’

The national debt has ballooned to the eye-watering sum of more than $36 trillion, with lawmakers and presidents from both parties presiding over the deficit spending that has led the nation to this point. 

Johnson said he’s ‘trying to force reality’ upon everyone in the nation’s capital, regardless of whether they want to face that reality.

He said for decades the nation has been suffering a ‘chronic debt crisis,’ illustrating the dramatic decline in the value of the U.S. dollar by noting that ‘the dollar you held back in 1998 is now only worth $0.51 cents,’ while ‘a dollar you held in … 2019 is only worth $0.80 cents.’

The senator referred to inflation as ‘the silent tax.’

But he’s certainly not staying silent.

Johnson indicated that the elected leaders are mortgaging the future of American children, but ‘don’t talk about it.’

‘I’m forcing everybody to look at it,’ he said, noting that his ‘primary role’ is to force ‘acknowledgment of our problem.’

But as keenly as Johnson advocates the idea of slashing the sprawling tentacles of the massive federal bureaucracy, right now he’s just pushing to pare spending down to pre-pandemic levels.

The conservative fiscal hawk has been making headlines for taking a stand against the Trump-backed One Big Beautiful Bill Act that cleared the GOP-controlled House of Representatives last month. 

But Johnson told Fox News Digital that he actually likes a lot of the measure.

‘I’m really not critical of the bill as far as it goes,’ Johnson explained, noting that he’s a ‘big supporter’ of much of what’s in it, though he noted that has not read all of it — the measure is more than 1,000 pages long. 

‘My main beef is it just doesn’t go far enough,’ he said, noting that after the COVID-19 pandemic Democrats failed to return to pre-COVID spending and deficit levels.

The Congressional Budget Office’s estimated budgetary impact for the measure indicates that the net effect on the deficit would be a more than $2.4 trillion increase over the fiscal years 2025-2034.

But White House Office of Management and Budget Director Russ Vought has said the measure would decrease deficits.

‘The bill REDUCES deficits by $1.4 trillion over ten years when you adjust for CBO’s one big gimmick–not using a realistic current policy baseline. It includes $1.7 trillion in mandatory savings, the most in history. If you care about deficits and debt, this bill dramatically improves the fiscal picture,’ Vought said in a post on X.

Johnson also noted during the interview that there has not been a ‘reckoning’ regarding the ‘abuse’ at all levels of government during the COVID-19 pandemic.

He noted that he does not refer to the COVID-19 jab as a vaccine. Instead, he referred to it as an ‘injection,’ asserting that it is ‘not a vaccine,’ and that it caused injuries and death.

The senator said that he thinks the shots should have ‘black box warnings.’ 

The Centers for Disease Control and Prevention website states that the ‘CDC recommends a 2024-2025 COVID-19 vaccine for most adults ages 18 and older’ and claims that the ‘vaccine helps protect you from severe illness, hospitalization, and death.’

Johnson, who has served in the Senate since 2011 and won election to a third term in 2022, said he’d prefer not to seek another term in office.

‘I don’t covet this job,’ he said, noting that he wants to leverage his post to help save America and aid those who are ‘ignored by the system.’

While he’s not ruling out another run, Johnson, who turned 70-years-old earlier this year, said he’d ‘be happy’ to return to Oshkosh and ‘live a nice, peaceful life.’

This post appeared first on FOX NEWS