Treasury Secretary Scott Bessent is back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies.
Meanwhile, former Trump administration national security adviser John Bolton has agreed to plead guilty to a single count of retaining classified information under a deal with the Justice Department that could allow him to avoid prison time, a person familiar with the matter said Thursday.
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Supreme Court sides with Trump administration on federal regulation of telecom companies
The Supreme Court sided with the Trump administration Thursday in a case about the power of federal regulators to enforce data privacy laws on telecommunications companies.
The 8-1 decision upheld one of the Federal Communications Commission’s key tools, though the companies also won a concession from the Republican administration that could shift the regulatory landscape.
The appeal from telecommunications giants Verizon and AT&T challenged a combined $100 million in penalties imposed after the agency determined the companies had failed to safeguard customer location data.
The companies argued that the FCC’s process was unconstitutional because it gave them little opportunity to tell their side of the story in front of a jury.
The administration defended the fines as an essential regulatory tool. But the government also said companies did not have to pay the penalties right away, a regulatory shift in the company’s favor.
The Supreme Court agreed.
Ex-national security adviser John Bolton will plead guilty in classified information case: AP source
The former Trump administration national security adviser has agreed to plead guilty to a single count of retaining classified information under a deal with the Justice Department that could allow him to avoid prison time, a person familiar with the matter said Thursday.
The deal would resolve a criminal case filed in October that charged Bolton with 18 counts of either retaining or sharing diary-like notes with family members that officials said contained classified information as he was preparing a memoir of his time in government.
Under the agreement, Bolton would also face a $2.25 million fine, said the person, who insisted on anonymity to discuss a deal that hadn’t been made public. Any prison sentence would be capped at five years, but the agreement allows for him to avoid time behind bars, though the punishment will ultimately be up to a judge.
A rearraignment, which typically signals a plea agreement, is scheduled for June 26.
The Justice Department declined to comment.
— Eric Tucker
Senate begins voting on bill to fund ICE and Border Patrol as Democrats try to derail it
The Senate is beginning a long series of votes Thursday on legislation to fund President Trump’s immigration enforcement agencies, moving toward passage of a three-year fix as Democrats have blocked the money for months in protest.
The roughly $70 billion bill to fund U.S. Immigration and Customs Enforcement and the Border Patrol would end the blockade by Democrats who demanded policy changes after the fatal shootings of two protesters by federal agents in January. The bill would fund the agencies for three years, through the end of Trump’s term.
First, though, Republicans must beat back a potential gauntlet of amendments Democrats plan to offer, including to try and permanently ban Trump’s $1.776 billion settlement fund for allies who he believes have been politically persecuted. Democrats have said their first amendment Thursday morning will be to eliminate the fund and send the immigration spending bill back to committee.
US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February
The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran.
U.S. applications for unemployment benefits for the week ending May 30 increased by 13,000 to 225,000, the Labor Department reported Thursday. That’s the most since early February, before the U.S. and Israel launched attacks on Iran, but still a historically low level. Analysts surveyed by FactSet expected 211,000 new applications.
Weekly filings for unemployment benefits are considered a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market.
Despite historically low layoffs, the labor market seems to be mired in what economists call a “low-hire, low-fire” state. That’s kept the unemployment rate low at 4.3%, but left many of those out of work struggling to find new employment.
Trump officials went after dozens of colleges. Now they’re rewriting the rules for all of academia
A year ago, the White House was unleashing a blitz on higher education. At one campus after another, Trump officials opened investigations and cut federal funding unless schools fell in line with the Republican president’s political agenda.
Now, after a campaign that put dozens of universities under investigation, Trump’s administration is taking a wider approach, moving to rewrite the federal rules that govern all of higher education. Demands that were being pressed on individual schools are being written into the fine print for thousands of U.S. universities.
“We’re coming over the higher education system and course correcting,” Nicholas Kent, undersecretary for the Education Department, said in an Associated Press interview. Unlike investigations that target individual campuses, he said the new tactic has power “to affect 6,000 institutions.”
The shift comes after federal judges blocked Trump’s administration from making crippling cuts at Harvard and the University of California, Los Angeles. It also follows a mass exodus in civil rights lawyers who traditionally guide investigations against universities. Still, Trump hasn’t backed down from his campaign to end what he calls “wokeness” run amok in academia.
Buffalo named Donald Trump for his golden locks is a sensation at a Bangladesh zoo
With his shock of golden hair and trim 700-kilogram (1,500-pound) build, Donald Trump has been drawing crowds from across Bangladesh since he arrived at the national zoo last week.
The rare albino buffalo became a sensation when a farmer noticed that his blond tuft of hair resembled the distinctive locks of the U.S. president. After a video of the pale horned mammal went viral on social media, large numbers of people started showing up at the farm outside Dhaka to see him for themselves.
The animal was originally meant to be slaughtered for the Muslim festival of sacrifice. But citing security concerns, the government ordered him transferred to the zoo in the capital, where large crowds are now braving sweltering heat to see him.
“There is a resemblance to Donald Trump in its eyes, hairstyle, and skin color,” said Mohammed Nasim, a student in Dhaka. “And just as Donald Trump has a distinctive personality and lifestyle, this buffalo, after going viral, is now living a similar kind of life, enjoying a lot of attention and special treatment.”
Trump slams the 4 Republicans who voted in favor of war powers resolution
The president says the symbolic House vote approving a war powers resolution that would halt the U.S. military action against Iran, was “meaningless.”
Still, Trump is livid that four House Republicans joined the Democrats in supporting the resolution.
“The Democrats are fueled by Trump Derangement Syndrome,” Trump said in a post on his social media site. “They would rather have our Country fail than give me another, of many, victories. The four Republicans, that’s a whole other story - They’re GRANDSTANDERS! They should be ashamed of themselves.”
Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits
Bessent refused to say Wednesday whether Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies.
“There’s continuing litigation, and I’m unable to comment on ongoing litigation,” Bessent told lawmakers at the Senate Finance Committee hearing.
It was a frustrating answer for Democratic lawmakers looking to get answers from Bessent at a hearing ostensibly focused on the Treasury Department’s budget and came a day after acting Attorney General Todd Blanche seemed to indicate that the portion of the settlement dealing with the IRS audit immunity would still be in effect for the Republican president.
After several failed attempts to get Bessent to answer, Sen. Catherine Cortez Masto, D-Nev., said, “It’s been very clear you’re dodging this and you’re trying to use it as an excuse. It’s just outrageous on behalf of the American public.”
Trump says he'll nominate Todd Blanche to serve as attorney general
Trump said Wednesday that he will nominate Todd Blanche to serve as attorney general, tapping his former personal lawyer who has aggressively pursued the Republican president’s agenda while leading the Justice Department in an acting role.
Trump said at a dinner at the White House that he plans to nominate Blanche formally on Thursday, according to a video of the event posted on social media by a White House aide.
“We are going to make him permanent attorney general,” Trump said at the Rose Garden event.
Blanche was brought into the Justice Department as deputy attorney general and was elevated after Bondi’s ousting over her failed efforts to prosecute Trump’s perceived political opponents. Blanche insisted he wasn’t auditioning for the permanent post but made clear through splashy moves since taking the reins his intent on proving his loyalty to Trump.
Senate begins voting on funding immigration enforcement after Trump’s settlement fund is dropped
The Republican-led Senate is moving forward with legislation to fund immigration enforcement agencies after forcing the Trump administration to say it will drop its settlement fund for political allies and stripping a separate proposal for White House security from the bill.
The Senate voted 53-46 on Wednesday to begin debate on the roughly $70 billion bill to fund U.S. Immigration and Customs Enforcement and the Border Patrol. The legislation was delayed for weeks as Republican senators navigated the various obstacles to passage created by President Donald Trump and the White House, but they are now moving quickly to pass it after paring it back to its original form.
“Right now, the goal is to get the base bill across the finish line,” said Senate Majority Leader John Thune, R-S.D.
Still, Republicans will need to find enough votes to beat back multiple amendments that Democrats — and some Republicans — say they will offer to permanently ban Trump’s $1.776 billion settlement fund.
With Trump in a holding pattern on Iran war, allies and critics worry he risks getting boxed in
Trump is facing warnings from foes and allies alike that he’s getting boxed in on the Iran war, a conflict he sold as a brief military incursion but that has since settled into a holding pattern.
It’s been nearly a week since U.S. and Iranian negotiators reached a tentative agreement to extend the ceasefire in the conflict by 60 days and start a new round of talks on Iran’s nuclear program that required Trump’s sign off.
But Trump has called for unspecified changes to the agreement and Iranian officials — perhaps calculating that he is reluctant to restart the bombardment after burning through key weapons systems — are showing no signs they’ll give in to new demands.
A series of strikes by the U.S. and Iran this week has raised fresh concern that the ceasefire could collapse. Trump on Wednesday downplayed the significance.
There’s growing concern inside the administration and among key advisers and allies that Trump now finds himself in a bind, according to a U.S. official and another person familiar with the administration’s internal deliberations.
— Aamer Madhani and Matthew Lee
House approves war powers resolution to halt military action against Iran in a rebuke of Trump
The House for the first time Wednesday approved a war powers resolution that would halt the U.S. military action against Iran, defying Trump, as a handful of Republicans joined with Democrats to end the three-month-long conflict that has reordered politics at home and abroad.
House Speaker Mike Johnson had tried to prevent an outcome that would show the mounting opposition to the war, abruptly shutting down floor action two weeks ago when the resolution was on the verge of approval. But displeasure has only grown as the conflict drags on and as Trump struggles to negotiate a plan for peace.
“Enough is enough,” said Rep. Gregory Meeks of New York, the top Democrat on the House Foreign Affairs Committee, who led the effort.
“It is time for the president to do the right thing,” he said. “The people are tired of suffering because of his war of choice — suffering at the gas pump, suffering at the supermarkets.”