USA News

The Senate returned to Washington on Monday, resuming work after a five-week recess. Key items include procedural votes on cryptocurrency legislation and the Protect College Sports Act, amid ongoing discussions about regulatory measures for artificial intelligence and potential action on the Farm bill and surveillance authority.

The Justice Department has announced a crackdown on COVID-19 Paycheck Protection Program fraud, resulting in charges against over 160 defendants and approximately $245 million in intended losses. The initiative, dubbed “Heartland fraud surge,” involved 44 U.S. Attorney’s Offices and targeted fabricated businesses and identity theft schemes.

The U.S. military conducted strikes on Iranian missile and drone facilities following Iran’s attack on a commercial vessel in the Strait of Hormuz, which violated a recent ceasefire. CENTCOM described the action as a necessary response, marking the first U.S. military engagement since the ceasefire extension.

President Trump has threatened to implement a 100% tariff on nations imposing a digital services tax on U.S. companies. He stated that any country proceeding with such a tax would face immediate import duties, overriding existing trade agreements. Approximately half of OECD European members have proposed or enacted similar taxes.

Leon Black, co-founder of Apollo Global Management, is set to testify before the House Oversight Committee regarding his financial dealings with Jeffrey Epstein. Senator Ron Wyden has questioned Black’s payments exceeding $170 million for services purportedly related to tax advice and estate planning, amid ongoing scrutiny over Epstein’s criminal activities.

From our sponsors
Advertisement
Advertisement