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.

Major shipping companies remain hesitant to resume operations through the Strait of Hormuz despite a forthcoming U.S.-Iran memorandum of understanding aimed at lifting restrictions. While President Trump has assured safety, firms indicate that substantial security guarantees are necessary before risk levels are deemed acceptable for transiting the vital waterway.

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