Author

admin

Browsing

Minera Alamos (TSXV:MAI,OTCQX:MAIFF) announced that it has completed its purchase of the Pan gold mine and two development-stage projects in Nevada from Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX).

The Toronto-based company said Wednesday (October 1) that it closed the previously announced transaction to acquire the Pan mine, along with the Gold Rock and Illipah projects in White Pine County.

Under the terms, Minera Alamos paid Equinox Gold roughly US$88 million in cash and issued nearly 97 million shares, leaving Equinox with a 9.15 percent stake in the company.

The company also secured a US$25 million gold prepayment facility with Auramet International, structured as a 24-month loan repayable in 7,830 ounces of gold.

Minera Alamos Chief Executive Darren Koningen said the acquisition provides both immediate production and a pipeline of late-stage assets.

“We are excited to close this transformational acquisition for Minera Alamos,” Koningen said. “The addition of the Pan gold mine, along with the Gold Rock and Illipah projects, provides immediate production and cash flow while significantly expanding our late-stage project development pipeline.”

Pan is a heap leach operation that has been producing around 40,000 ounces of gold annually. Combined with development plans at Copperstone, Cerro de Oro, and Gold Rock, Minera Alamos expects to eventually scale production to more than 175,000 ounces a year, according to earlier preliminary assessments.

Meanwhile, the sale allows Equinox Gold to retain exposure to the Nevada assets through its minority equity stake in Minera Alamos.

Equinox, which operates multiple mines across the Americas, said earlier it was looking to streamline its portfolio and recycle capital into core projects.

For Minera Alamos, the addition of the Pan mine provides steady cash flow, while Gold Rock and Illipah add long-term optionality. Both development projects are in Nevada’s Battle Mountain–Eureka trend, a region known for its high concentration of producing gold mines.

The Nevada acquisition represents the second major financing effort for Minera Alamos in less than two months.

The company expects near-term contributions from Pan while advancing development work at Gold Rock and Illipah. Construction and permitting activities are underway, with timelines tied to gold market conditions and project economics.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

A Senate Republican wants to ensure that lawmakers feel the pain in their wallets as the federal government shutdown drags on.

Members of Congress, unlike other federal employees, are guaranteed to get paid during a government shutdown. But Sen. Bernie Moreno, R-Ohio, wants to impose a tax on lawmakers that would eat away at their paychecks.

Moreno plans to introduce the Stop Holding Up Taxpayers, Deny Wages On Washington’s Negligence (SHUTDOWN) Act, which would create a new tax specifically for lawmakers.

The shutdown has trudged on to a third day with no clear off-ramp in sight. The Senate is again set to vote on the GOP’s short-term funding extension on Friday, but Senate Democrats are again expected to block it.

‘Democrats like Hakeem Jeffries want to get paid for shutting the government down,’ Moreno said in a statement to Fox News Digital. ‘That’s ridiculous. If Congress can’t do the bare minimum, we don’t deserve a paycheck.’

Members of Congress on average make $174,000 a year. That number can fluctuate depending on whether a lawmaker is in a leadership position. Preventing lawmakers from getting paid during a shutdown is tricky, however, given that the U.S. Constitution requires them to receive a paycheck even if the government is closed.

Article I, Section 6 of the Constitution requires that ‘Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States.’

Then there is the 27th Amendment, which was ratified in the 1992, that prevents Congress from passing a law affecting its pay during the current congressional term.

Moreno’s bill could circumvent those guardrails by imposing a daily tax on lawmakers that would rise each day that members are in session and that a shutdown continues.

Meanwhile, the likelihood that the shutdown ends this week is low. Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., are firmly rooted in their position that unless a deal is struck on expiring Obamacare tax credits, they’ll continue to block the GOP’s continuing resolution (CR).

Senate Majority Leader John Thune, R-S.D., plans to keep bringing the same bill, which the House passed last week, in a bid to chip away at Senate Democrats. So far, only three members of the Democratic caucus — Sens. John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., and Sen. Angus King, I-Maine, joined Republicans to vote for the bill. 

This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Friday (October 3) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$120,724, trading 13 percent higher over the past 24 hours. Its lowest valuation of the day was US$118,777, while its highest was US$121,044.

Bitcoin price performance, October 3, 2025.

Chart via TradingView

Over the next five years, Bitcoin could realistically reach US$200,000 to US$500,000 per coin, according to an emailed note from Bitget Chief Analyst Ryan Lee. Lee sees sustained institutional inflows and broader mainstream adoption as key drivers, with more than 20 percent of global financial institutions expected to integrate Bitcoin exposure.

Emerging markets, in addition, may increasingly use it as a hedge against inflation, although risks such as geopolitical tensions or technological vulnerabilities could still trigger sharp 30 to 50 percent drawdowns.

Lee also stressed that, ‘regulatory clarity, particularly from bodies like the SEC and EU’s MiCA framework, will be pivotal in reducing uncertainty and encouraging wider participation, potentially unlocking trillions in sidelined capital if frameworks remain innovation-friendly.’

Bitcoin dominance in the crypto market is at 56.53 percent, showing a slight week-on-week dip.

Ether (ETH) is also performing well, up 2.8 percent over 24 hours to US$4,469.84. Ether’s lowest valuation on Friday was US$4,358.45, and its highest was US$4,549.77.

Momentum indicators are reinforcing the bullish case for ETH. Both the 25-day and 50-day moving averages are acting as resistance, and analysts see a decisive close above US$4,500 as the next trigger. From there, projections point to an 80–100 percent rally into 2026, with Ether’s recent low now looking like a confirmed floor.

Altcoin price update

  • Solana (SOL) was priced at US$220.16, an increase of 5.4 percent over the last 24 hours. Its lowest valuation on Wednesday was US$217.81, and its highest valuation was US$220.69.
  • XRP was trading for US$2.96, up by 3.2 percent over the last 24 hours, and its highest valuation of the day. Its lowest valuation of the day was US$2.92.

ETF data and derivatives trends

Spot Bitcoin exchange-traded funds (ETFs) continued to see institutional demand this week. U.S. spot Bitcoin ETFs recorded roughly US$2.25 billion in weekly inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT) (NASDAQ:IBIT), which accounted for the largest single-fund purchases (IBIT bought roughly US$400–470 million on heavy flow days).

Total assets under management across US Bitcoin spot ETFs are now estimated at about US$155 billion, up from roughly US$100 billion earlier in the year, with major funds such as Fidelity’s (TSX:FBTC) and ARK 21Shares (BATS:ARKB) also posting notable inflows during the same stretch.

Today’s crypto news to know

Stablecoin market passes US$300 billion

The stablecoin market has climbed past US$300 billion for the first time, but analysts caution that current momentum may not be enough to meet future targets.

Coinbase projects the market will reach US$1.2 trillion by 2028, while Standard Chartered pegs it closer to US$2 trillion and Citi expects more than US$4 trillion by 2030.

Growth this year has averaged about US$10 billion in new issuance each month — a pace that would take over five years to meet the lower end of forecasts. Tether’s USDT remains the clear leader, holding 58 percent of supply and adding USD$2.6 billion in circulation this week.

Circle’s USDC and Ethena’s USDe also expanded, while BlackRock’s USD and PayPal’s PYUSD posted some of the strongest percentage gains.

The growth streak marks the fastest since early 2021, when the sector ballooned nearly 300 percent in half a year.

Sanctioned rouble stablecoin draws attention at Token2049

A rouble-pegged stablecoin, already under US and UK sanctions, surfaced as a sponsor of the Token2049 conference in Singapore, according to a Reuters report.

The token, known as A7A5, was launched in January by a Russian defense-linked lender and a Kyrgyz payments firm, and has been flagged by Western officials as a tool for sanctions evasion.

Despite this, the company behind A7A5 held a booth at the conference, was listed as a platinum sponsor, and even saw one of its executives speak on stage before references were removed following media inquiries.

Trading in the token has surged, reflecting rising demand from Russian users locked out of traditional banking systems.

Strategy’s Bitcoin holdings reach record US$77.4 billion

Corporate Bitcoin pioneer Strategy has disclosed that its BTC holdings are now worth US$77.4 billion, the highest in its history.

The company first began buying Bitcoin in 2020, when its position was worth about US$2.1 billion, a move initially seen as radical.

Since then, its treasury has ridden multiple market cycles, growing to US$5.7 billion by 2021, falling back to US$2.2 billion during the 2022 crash, and then steadily building through consistent purchases.

By 2023, Strategy’s holdings were valued at US$8 billion, and by 2024 they had reached US$41.8 billion. The 2025 rally, which has pushed Bitcoin above US$124,000, has nearly doubled the value of its stack in less than a year.

Separately, Strategy secured relief from a looming tax liability after the IRS ruled that unrealized crypto gains will not count toward the 15 percent corporate minimum tax.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Mining giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has begun accepting applications for the 2026 edition of its Xplor Critical Minerals Accelerator Program.

Now in its fourth edition, Xplor currently holds an alumni network of 21 companies, including the likes of Cobre (ASX:CBE) and Hamelin Gold (ASX:HMG).

“Xplor has quickly become a recognised pathway for early-stage explorers who want to scale faster and think more boldly,” said BHP Group Exploration Officer Tim O’Connor.

“The program provides not only capital, but access to the knowledge, networks, and technical depth that can fundamentally change the trajectory of a company,” he added.

As in previous cohorts, Xplor 2026 participants can receive up to US$500,000 in equity-free funding, mentorship and access to BHP’s global network of suppliers and service providers.

Early-stage explorers are encouraged to apply, as long as they arededicated to uncovering new sources of critical minerals essential for a sustainable future.”

In 2025, eight junior mining companies targeting copper and other critical minerals were selected by BHP. These included Canadian company Viridian Metals (CSE:VRDN) and ASX-listed German company GreenX Metals (ASX:GRX,LSE:GRX).

Current participant Electrum Discovery (TSXV:ELY,OTC:ELDCF) said that being part of BHP Xplor is invaluable.

“The program has given us access to expertise and resources that have helped sharpen our strategy and move our projects forward more quickly,” said CEO Elena Clarici.

“It has also opened doors to networks and opportunities that would have been much harder to access on our own. Xplor is already making a real difference in how we grow as a company.”

Xplor was launched in 2022 to assist companies in accelerating exploration opportunities and developing new critical minerals sources. It is split into three tracks: technical readiness, business readiness and operations readiness.

“As the world’s demand for critical minerals intensifies, building strong partnerships between majors and juniors will be essential,” O’Connor added.

“Xplor is about more than accelerating exploration projects, it’s about shaping a new way of working together to unlock the resources needed for the future.”

The deadline for 2026 submissions is October 15, 11:59 PM AEST.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The European Central Bank (ECB) has signed a framework agreement with security technology firm Giesecke+Devrient (G+D) and its partners Nexi and Capgemini to deliver offline payment capabilities for the digital euro.

The trio, led by Munich-based security firm G+D, ranked first among tenderers for the contract to design, implement and partially operate the system that will allow users to make digital euro payments without internet or power connections.

Offline functionality has been positioned as a defining feature of the digital euro. From the outset, the ECB has emphasized that a central bank digital currency must provide privacy and resilience comparable to cash.

Payments under the offline model are stored directly on user devices such as smartphones, cards or other compatible tools, and are settled locally between devices without passing through banks, payment providers, or the central bank itself.

According to the ECB, this structure ensures transactions remain private and reliable, extending the reach of the euro in digital form while preserving the characteristics of physical cash.

The digital euro is also intended as a complement to banknotes and coins, available to anyone across the euro area and functioning as a universal means of payment.

“We are proud to lead this pan-European cooperation, working together with our partners Nexi and Capgemini to bring the digital euro’s offline capabilities to life,” said Dr. Wolfram Seidemann, CEO of G+D Currency Technology. “This milestone underscores our commitment to innovation and security in digital payment solutions while preserving the privacy and resilience that citizens expect from cash.”

Under the new agreement, G+D and its partners will work with the ECB to finalize the design, integration and development of the Digital Euro Service Platform (DESP). The Governing Council of the ECB will oversee the process in line with European legislation, ensuring the solution is consistent with current monetary and financial policy goals.

G+D brings longstanding expertise in currency technology and security systems to the project. Its partners, Nexi and Capgemini, will contribute specialized knowledge in payment infrastructure and technology integration.

Nexi, a major European payments company, is tasked with ensuring that the digital euro integrates seamlessly with existing point-of-sale systems.

Capgemini on the other hand will support development and testing of the offline interfaces, drawing on its background in technology consulting and digital transformation.

The digital euro project remains in its preparation phase. The ECB will spearhead the evaluation of technical solutions, legal frameworks and user experience considerations before any decision on issuance is made.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The platinum price broke above US$1,600 per ounce on September 29 (Monday), its highest level since April 2013.

What’s moving the platinum price? A number of factors are at play in this notoriously volatile market.

As a precious metal, nearly a quarter of demand for platinum comes from the jewelry sector. When gold prices are high, as they are now at nearly US$3,900 an ounce, platinum jewelry becomes an attractive, lower cost alternative.

With more than 70 percent of demand for the metal coming from the industrial and automotive sectors, the platinum market is highly price sensitive to economic cycles. However, despite the current economic uncertainty that’s driving gold higher, platinum prices are being buoyed by stable demand in the auto sector, emerging demand in the hydrogen fuel cell industry, and persistent supply challenges out of major platinum producing nations like South Africa.

Platinum supply under pressure

Supply constraints are an ongoing trend in the platinum market and a major driver of prices for the metal in 2025.

In its Q2 2025 Platinum Quarterly, the World Platinum Investment Council (WPIC) predicts that global platinum mine supply will drop by 6 percent to 5.43 million ounces for this year.

Heavy rainfalls and flooding in top producer South Africa in the first quarter of the year had a major impact on an industry already reeling from high-cost electricity and dwindling reserves.

In late August, Paul Dunne, CEO of Northam Platinum (JSE:NPH) in South Africa told Reuters that higher platinum prices in 2025 will likely not do much to alleviate the pressures facing platinum group metals (PGM) production in the country.

“Recent price appreciation is offering some relief to the PGM sector,” he said in a statement. “However, it is still not yet at levels that will support sustainable mining across the industry and certainly not the much-needed development of new operations.”

Suffice it to say that problems in the supply side of the market will continue to support platinum prices over the longer-term.

Platinum demand seen as sustainable

As for platinum demand, Mykuliak sees a few key important drivers including auto catalysts for hybrid vehicles, increased hydrogen adoption for industrial uses and Chinese demand for platinum jewelry as an alternative to gold.

In the automotive industry, platinum is used in catalytic converters for vehicle exhaust systems for emissions control. The rise of electric vehicles (EVs), which do not require catalytic converters to control emissions, is expected to cut into platinum demand over time.

However, high costs and range anxiety are leading auto buyers to choose hybrids over battery EVs. Because hybrid engines still require catalytic converters, the auto sector continues to be a reliable source for platinum demand.

In the hydrogen sector, platinum has a role as a catalyst in the proton exchange membrane electrolyzers used for green hydrogen production and in hydrogen fuel cells. The WPIC has noted that the hydrogen market be ‘a meaningful component of global demand by 2030 and potentially the largest segment by 2040.’

As for jewelry demand, the WPIC is predicting an increase of 11 percent year-on-year to 2.23 million ounces in 2025. China is expected to represent more than one quarter of that growth as the fabrication of platinum jewelry in the region is expected to grow by 42 percent to 585,000 ounces.

Platinum price outlook

The platinum price has since pulled back from the US$1,600 level to US$1,558 per ounce in midday trading on Thursday (October 2). But a correction is expected in the short-term, explained Mykuliak, who believes the fundamental outlook for platinum is still a positive one.

“Looking ahead, I expect volatility. My base case is a US$1,650-US$1,750 range by the year-end, with possible dips toward US$1,450 if profit-taking intensifies,” she said. “On the upside, if South African power disruptions worsen or hydrogen policies accelerate, US$1,850-US$1,950 is realistic, with US$2,000 also within reach.”

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Recent Russian incursions into NATO airspace have sharpened divisions inside the alliance over how to respond, exposing both the strength and the limits of collective defense.

Secretary General Mark Rutte clashed with Estonian Prime Minister Kristen Michal last week after Estonia invoked NATO’s Article 4 clause, which triggers consultations when a member feels its security is threatened.

According to three European officials granted anonymity to speak freely, Rutte argued that repeated invocations risked diluting the treaty’s force. One source said he even raised his voice at Michal, warning that NATO must be cautious about how often it signals alarm.

Rutte argued that if Article 4 were invoked every time Russia violated sovereignty — through drone incursions, fighter jets, cyberattacks and more — it would quickly lose impact, according to the officials.  

A NATO spokesperson confirmed Rutte and Michal spoke Friday and said the secretary general ‘has supported Estonia throughout the process.’

Rasmus Ruuda, director of the Government Communication Office of Estonia, told Fox News Digital Rutte ‘expressed support for Estonia and the Prime Minister thanked NATO for its actions.’

‘Article 4 is just a signal that we’re taking note of what happened,’  said Giedrimas Jeglinskas, a Lithuanian member of parliament and former NATO assistant secretary general. ‘We can be invoking Article 4 every week, and I think that only weakens us, because we’re unable to truly respond to that aggression that Russia is sort of throwing at us.’

The tension comes after a series of provocative moves by Moscow. Last month, missile-carrying Russian MiG-29s flew into Estonian territory, following an earlier breach of Polish airspace by 19 drones and repeated incursions over Romania. In Poland, jets scrambled to intercept the drones, shooting some of them down. It marked the first time since World War II that Polish armed forces mobilized to engage an airborne threat over their homeland.

The Russian jets in Estonia were eventually escorted out of its territory by Italian F-35s. Estonia’s Article 4 request followed Poland’s own invocation days earlier, prompting another round of consultations in Brussels.

Since its creation in 1949, Article 4 has been triggered only nine times. NATO’s warning to Russia after the Estonian request was blunt: any further breaches would be met with ‘all means’ of defense. Estonia’s defense minister said his nation was prepared to shoot down Russian planes violating airspace ‘if there is a need.’ 

But Jeglinskas said signaling without consequence risks leaving the alliance trapped.

‘We’re happy to do Article 4 every other day, but so what? What’s next?’ he said. ‘The real question is what happens when the jets actually enter our airspace.’

The debate cuts to a deeper question: what constitutes a ‘need’ to shoot down Russian jets? How can Russia be deterred without stumbling into direct war?

‘The last thing we want is to have NATO get drawn into a war with Russia,’ a senior State Department official told Fox News Digital. ‘God knows how that ends.’

‘Almost all wars … they don’t necessarily start with a big bang,’ the official went on. ‘They start with an escalation, and then somebody feels they need to respond to this, and then you just get in a toxic spiral.’

The United States has promised to defend ‘every inch’ of NATO while pressing Europe to bear more of its own defense burden. Washington’s mixed signals have only complicated matters.

Trump administration officials long favored reducing the U.S. troop presence in Europe. But President Donald Trump recently delivered one of the starkest warnings to Moscow, declaring that NATO states should shoot Russian aircraft down if they incur on their territory.

Jeglinskas said the statement resonated across the Baltic States. ‘What was really helpful was that President Trump was very clear,’ he said. ‘That gives us confidence we’re on the right track, and we really appreciate the support.’

Still, allies remain divided on whether to escalate. Some warn that Eastern Europe cannot credibly threaten retaliation without an American security guarantee. Others argue that deterrence depends on showing Russia its incursions carry a cost.

‘If we really want to send a proper message of deterrence to Russia, we need to be prepared to use kinetic force,’ Jeglinskas said. ‘That means neutralizing those jets — shooting them down or finding other ways to impose consequences — so Russia actually feels the cost of its incursions. That hasn’t happened yet, and it leaves us vulnerable.’

The airspace disputes now extend beyond fighter jets. European Union members are meeting in Copenhagen this week to discuss shoring up air defenses after a wave of drone sightings. Denmark briefly shut down its airspace following mysterious drone activity, while Lithuania’s Vilnius airport and Norway’s Oslo airport also reported disruptions. Drones have even been spotted over Germany’s northern state of Schleswig-Holstein.

‘We are not at war, but we are no longer at peace either. We must do much more for our own security,’ German Chancellor Friedrich Merz said in Düsseldorf.

NATO jets scrambled to intercept drones over Poland, but the response underscored a growing mismatch: deploying multi-million dollar fighters to counter small, unmanned aircraft is neither efficient nor sustainable.

‘NATO remains the most crucial element of our security equation,’ Jeglinskas said. ‘It’s the backbone through which our security is viewed. There’s really no doubt about NATO’s political will and its capability to defend its territory, but warfare is changing — and the question now is, has NATO adapted to the new way of war that is seeping through the borders of Ukraine?’

Jeglinskas warned that neither NATO nor the Baltic States have done enough. ‘The Polish incursion signified that NATO is not fully ready to counter these threats,’ he said. ‘Scrambling jets is a tremendous economic mismatch. If these kinds of attacks become swarms, it’s not sustainable.’

To address mounting threats, NATO last month launched Operation Eastern Sentry, reinforcing its presence on Europe’s eastern flank. Jeglinskas welcomed the move but said gaps remain.

‘Jets are very important, but more jets don’t mean we’re more secure from low-altitude drones,’ he said. ‘The question is: do we have sensors that can detect what’s happening from the ground up to a kilometer into our airspace? We don’t see that. It’s like a dead space.’

Jeglinskas called for stronger short- and medium-range radar, as well as layered defenses akin to Israel’s Iron Dome, capable of intercepting drones with both kinetic and electronic means.

‘NATO’s response is commendable,’ he said, ‘but it’s not enough. You need technical know-how, the right capabilities, and systems that are truly integrated if you want to make this work.’

For now, NATO remains caught between signaling resolve and acting on it. As Russia continues to test the alliance’s borders, Jeglinskas and other Eastern European officials warn that credibility is at stake. The next incursion, they argue, may demand more than words.

This post appeared first on FOX NEWS

Senate Democrats appear ready for the long haul as the government shutdown continues and are putting the onus of reopening the government on Republicans.

The Senate was out Thursday to observe the Jewish holiday Yom Kippur and is expected to return to action Friday to again vote on the dueling proposals to reopen the government. Though three Democratic caucus members have voted for the GOP’s plan, an end to the shutdown still seems a ways out.

Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., have largely unified around the push for expiring Obamacare tax credits that they say must be dealt with now rather than at the end of the year when they are set to end.

Republicans argue that any negotiations for the expiring subsidies can happen once the government reopens.

‘Democrats know we need to reopen the government, and they know that they’re appropriately getting blamed for shutting it down, and we’re going to continue to bring up the continuing resolution,’ Senate Majority Whip John Barrasso, R-Wyo., said. ‘There’s things they want to negotiate, and we can do that once the government is open.’

The White House, particularly Office of Management and Budget (OMB) Director Russ Vought, and President Donald Trump have ramped up pressure on Senate Democrats, too, with targeted spending cuts to blue states and threats of mass firings of federal workers.

But Vought’s targeted cuts likely do not help Democrats move closer to supporting the GOP’s continuing resolution (CR).

‘Russ Vought is a menace whether the government is open or closed. He wakes up figuring, ‘What damage can I do today?’ That’s what he does,’ Sen. Peter Welch, D-Vt., said. ‘So, the status of government [being] open or closed, it’s not relevant to Russell Vought. He just goes on his rampage every day.’

Senate Democratic leadership also appears unwilling to cave this early into a shutdown as Republicans plan to continue bringing their short-term extension to the floor. Senate Minority Whip Dick Durbin, D-Ill., said that he planned to continue to vote down the GOP’s plan.

‘How long can Republicans explain to the American people that they want to do nothing to help pay for health insurance?,’ he asked.

When asked if he was concerned by Vought targeting projects in blue states, Durbin said, ‘Sadly, it’s a consistent pattern.’

Sen. Chris Murphy, D-Conn., charged that Trump didn’t have ‘superpowers during a shutdown’ to fire federal workers and slash additional funding.

‘The news today is that the president is deciding to act illegally and shut down funding for Democratic states and keep money flowing for Republican states,’ Murphy said. ‘This is not a functioning democracy if the president seizes spending power in order to reward his friends and punish his enemies.’

Murphy said Democrats would not ‘get run over’ during the shutdown, and that the government would reopen when the GOP gets ‘serious about talking to Democrats.’

Early negotiations on a path forward materialized on the Senate floor on Wednesday, but no real deal came from those talks. Instead, Republicans and Democrats in the impromptu meeting said that they left with a better understanding of either side’s desires.

Sen. Gary Peters, D-Mich., previously voted with Schumer in March to keep the government open. The retiring senator was also one of the nearly dozen lawmakers in a bipartisan huddle on the Senate floor that sparked early negotiations on the expiring credits.

Peters said that it was ‘premature’ to say there was a deal or plan locked in after those talks, but he warned that deeper issues were still at play for congressional Democrats when it came to dealing with the GOP and White House.

‘There are all sorts of trust issues, both in the Senate and the House, so we have to work through all of that,’ he said.

And Sen. Catherine Cortez Masto, D-Nev., was one of just three Democratic caucus members who have now voted twice with Republicans on their CR. While she supported reopening the government, she still blamed Republicans for ignoring the Obamacare tax credits.

‘[Republicans] created this crisis … and they need to address it,’ she said. ‘They have no moral standing, no moral standing to stand back and say that this is all on the Democrats. They are in control, they created this crisis. People are suffering.’

When asked if she trusted Republicans in negotiations, Cortez Masto countered, ‘You tell me.’

‘They’re already entrenched in their positions, unfortunately, and not thinking about the American public,’ she said. 

This post appeared first on FOX NEWS

The federal government may have to lay off ‘thousands’ of employees if the government shutdown continues, White House press secretary Karoline Leavitt warned Thursday.

Leavitt made the comments during a gaggle with reporters outside the White House, saying administration officials are already gaming out the layoffs.

‘Look, it’s likely going to be in the thousands. It’s a very good question. And that’s something that the Office of Management and Budget and the entire team at the White House here, again, is unfortunately having to work on today,’ Leavitt said.

‘These discussions and these conversations, these meetings would not be happening if the Democrats had voted to keep the government open,’ she added.

Leavitt went on to accuse Democrats of playing politics with the shutdown, arguing there is ‘zero good reason’ for Democrats to obstruct the process.

‘They are doing it for political reasons. They are doing it because they want to give taxpayer-funded health care benefits to illegal aliens, which is something that American people resoundingly rejected ahead of the election last year,’ she said.

President Donald Trump announced earlier Thursday that he is set to meet with Office of Management and Budget (OMB) Director Russell Vought later Thursday to discuss which agencies ‘are a political SCAM.’

Vought is tasked with recommending which agencies should face cuts and whether those cuts should be temporary or permanent.

‘I can’t believe the Radical Left Democrats gave me this unprecedented opportunity,’ Trump wrote on social media. ‘They are not stupid people, so maybe this is their way of wanting to, quietly and quickly, MAKE AMERICA GREAT AGAIN!’

The federal government entered a partial shutdown Wednesday after the midnight funding deadline passed, with Democrats and Republicans failing to agree on a funding bill.

Vice President JD Vance on Wednesday accused Democrats of forcing the shutdown over providing illegal immigrants with taxpayer-funded emergency healthcare and Senate Minority Leader Chuck Schumer, D-N.Y., fearing a primary challenge from progressive ‘Squad’ member Rep. Alexandria Ocasio-Cortez, D-N.Y.

Fox News’ Stephen Sorace contributed to this report

This post appeared first on FOX NEWS

Rejecting reports of a split with the brass, the Department of War says the National Defense Strategy was ‘seamlessly coordinated’ with senior civilian and uniform leaders — and that ‘any narrative to the contrary is false.’

On Monday, The Washington Post reported that multiple senior officers had raised concerns about the forthcoming strategy, pointing to a divide between political leadership.

Deputy Secretary of War Steve Feinberg pushed back on Wednesday, in an on-the-record statement to Fox News Digital.

‘The Department’s National Defense Strategy has been seamlessly coordinated with all senior civilian and military leadership with total collaboration — any narrative to the contrary is false,’ Feinberg said.

A senior War Department official said the strategy was the product of ‘extensive and intensive’ collaboration across the department.

The drafting team included a policy lead, a Joint Staff deputy and representatives from the military services who consulted widely with civilian and uniformed offices.

Under Secretary of War for Policy Elbridge Colby and the acting deputy under-secretary for policy, Austin Dahmer, met with leaders from every group. The official called that level of policy-shop engagement ‘unprecedented.’

Air Force Gen. Dan Caine, who chairs the Joint Chiefs of Staff, provided feedback directly to Secretary of War Pete Hegseth and Colby, the official said, and both assured him his input would be reflected in the final draft.

The Post report said political appointees in the Pentagon policy office led the drafting and described unusually sharp pushback from some commanders over priorities and tone. 

The War Department disputes that characterization and says the document was coordinated at the principal level and aligned closely with the National Security Strategy.

The pushback comes a day after Hegseth addressed hundreds of commanders at Marine Corps Base Quantico.

In a 45-minute speech, he argued the force needs tougher standards and a tighter focus on warfighting. He has recalled one-star and above officers from around the world to brief in person and has removed several senior general officers as part of a broader overhaul.

Hegseth says new directives will restore rigorous physical, grooming and leadership standards and require combat roles to meet one set of physical benchmarks.

The Washington Post did not immediately respond to Fox News Digital’s request for comment. 

Fox News Digital’s Jasmine Baehr and Morgan Phillips contributed to this report.

This post appeared first on FOX NEWS