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Johnson unveils $95 billion plan for defense spending and Trump’s elections overhaul

Kraig Pakulski 0 40 Article rating: No rating

By Sarah Ferris, Lauren Fox, CNN

(CNN) — House Speaker Mike Johnson on Wednesday revealed his long-awaited plans for a massive $95 billion emergency funding request to pay for defense spending, including for the Iran war, and to promote President Donald Trump’s push to crack down on election laws.

It’s a massive gamble by Johnson, with no certainty that it can pass the House, let alone the Senate, with a huge faction of the party still uneasy about the White House’s strategy in Iran – and about putting the costs on the nation’s credit card. But the Pentagon is applying heavy pressure, urging lawmakers to pass the funding by the August recess.

Johnson’s plan, which still needs to go through multiple steps before it reaches the House floor, would spend up to $73 billion on the Pentagon and national security, including backfilling key agencies that have so far funded the Iran war.

It also includes up to $12 billion in agriculture aid to help struggling farmers amid the White House’s ongoing trade war. It would include up to $10 billion for state election grants aimed at promoting Trump’s SAVE America Act.

Perhaps the most controversial part is what is not included in the outline: Republicans are not planning to pay for the legislation with the anti-fraud measures that GOP hardliners once planned. House Budget Committee Chairman Jodey Arrington, among others, had previously described the third agenda bill as a chance for a once-in-a-generation revamp of government programs to save taxpayer dollars and prevent fraud. He had been looking at healthcare programs, as well as the earned income tax credit program.

Instead, the cost of the bill will largely be added to the already ballooning national deficit — a huge point of contention for House and Senate conservatives.

One House GOP hardliner, Rep. Warren Davidson, put it bluntly in a post on X: “Bankrupt nations are difficult to defend.”

GOP sources have told CNN they couldn’t find political support to pay for the bill with cuts to government programs. It would also complicate the bill’s path in the Senate, where targeting any of those healthcare programs would trigger tough votes for GOP senators that could end up sinking the bill.

Senate Majority Leader John Thune warned earlier this week that any attempt to pay for the bill through healthcare program cuts could allow Democrats to weaponize the bill by creating “a lot of very challenging amendment votes” that could pass with a few GOP defectors.

Johnson and White House officials came up with the plan after weeks of discussion, including this weekend at a Camp David summit. He announced this week that Republicans would be going ahead with plans for a third bill, dubbed Trump’s agenda 3.0 – but did not say what would be in it.

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El Mundial 2026 suma a Tom Cruise, Laura Pausini y Robbie Williams al evento de clausura

Kraig Pakulski 0 60 Article rating: No rating

Por Gonzalo Jiménez, CNN en Español

La ceremonia de clausura del Mundial 2026 ha crecido en ambición y en la plantilla de figuras que harán acto de presencia este domingo en el Estadio Nueva York Nueva Jersey.

La FIFA informó el martes en un comunicado que los cantantes Laura Pausini, Nicole Scherzinger y Robbie Williams actuarán en la ceremonia, acompañados del youtuber IShowSpeed. El evento también contará con la presencia del actor Tom Cruise y de “otros artistas e invitados especiales que se anunciarán en los próximos días”, dijo el comunicado.

La FIFA no reveló los detalles del evento. ¿Cantantarán juntos o por separado los artistas invitados? ¿Realizará Cruise una acrobacia como la que suele hacer en las películas de la saga “Misión imposible”?.

La cantante y actriz Jennifer Hudson —miembro del exclusivo grupo de artistas que ha ganado un premio Oscar, Emmy, Grammy y Tony— interpretará, según la FIFA, una “versión especial” del himno nacional de Estados Unidos antes de que comience el partido de la final del Mundial.

Los organizadores por ahora no han revelado quiénes interpretarán los himnos nacionales de los dos países que competirán en la final del Mundial.

“La ceremonia de clausura evocará la misma emoción con la que se dio la bienvenida al mundo en las ceremonias de apertura en Canadá, México y Estados Unidos. La cita combinará música, cultura y fútbol, y dará pie al esperado partido en el que se proclamará al campeón de esta competición histórica”, dijo Heimo Schirgi, director de Operaciones de la Copa Mundial de la FIFA 2026 en el comunicado.

La FIFA informó que la ceremonia de clausura comenzará a la 1:30 p.m., hora de Miami; esto es, 90 minutos antes del comienzo de la final. Las puertas del Estadio Nueva York Nueva Jersey se abrirán a las 11:00 a.m. hora de Miami.

Además de la ceremonia de clausura antes del partido, hay mucha expectativa por el espectáculo de medio tiempo de la final, que tendrá como artistas principales a Shakira, Madonna, Justin Bieber, las superestrellas del K-pop BTS, Burna Boy y el coro PS22 (con la participación de Coldplay).

El director de orquesta venezolano Gustavo Dudamel anunció en Instagram que también participará en el espectáculo de medio tiempo conduciendo a la Filarmónica de Nueva York y a la Orquesta Sinfónica Simón Bolívar de Venezuela.

Finalmente, los personajes de “Sesame Street” y “The Muppets” también estarán en el show, una iniciativa que busca reforzar el propósito de que todos los niños tengan acceso a educación de calidad a través del Fondo de Educación FIFA Global Citizen.

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Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Kraig Pakulski 0 57 Article rating: No rating
Federal Reserve Chairman Kevin Warsh testifies before the House Financial Services Committee on Capitol Hill on July 14

By Bryan Mena, CNN

Washington (CNN) — Federal Reserve Chairman Kevin Warsh faced intense grilling Wednesday from Democratic Sen. Elizabeth Warren, who demanded to know whether he had questioned a colleague about reports that she attended a meeting with bankers last month that may have violated Fed rules, fueling a heated exchange about ethics.

The senator asked Warsh repeatedly during his second day of monetary policy testimony on Capitol Hill if he had asked Fed Vice Chair for Supervision Michelle Bowman whether she had attended the meeting.

“Did you ask?” Warren asked Warsh several times. “The tone that you are setting is one that seems to invite corruption.”

In the days leading up to every Fed policy meeting, central bank officials are barred from speaking publicly or privately about monetary policy during what is known as the “blackout period,” which also stretches through the day after each meeting. The Wall Street Journal reported that Bowman on June 17, just hours after the Fed’s meeting that month, attended a private gathering of bankers hosted by Bank of America, in which she talked about interest rates. CNN has not verified independently.

The blackout period is intended to prevent Fed officials from influencing financial markets or creating the appearance that some investors have advance access to information that could move markets. It ensures that everyone receives that information simultaneously. If a Fed policymaker is found to have violated the blackout period, which is a rare occurrence in the central bank’s history, they could be asked to recuse themselves from policy decisions or face pressure to resign.

Warsh refused to answer whether he had addressed the issue with Bowman, saying the matter is being investigated by the Fed’s inspector general, Michael Horowitz, who operates independently from the central bank. Warsh said that he acknowledged a letter Warren sent to the inspector general about the matter.

“I’m aware of the letter you sent to the inspector general. Out of an enormous respect for him, his investigation, what he chooses to do with it, I’m going to leave to him,” Warsh said. “I’m not trying to micromanage that.”

Warren also pressed Warsh if anyone “gave you $100 million right before you were sworn in,” equal to the amount he was required to divest within a specified period after becoming Fed chair. Warsh also declined to answer that question.

“Who gave you $100 million right before you were sworn in? Was it a billionaire who has business with the Fed? Was it Stanley Druckenmiller, who’s made billions of dollars betting on what the Fed does? Or was it a different billionaire who gave you the money?” Warren said. Warsh’s ties with Druckenmiller, a high-profile investor, span a decade. He joined Druckenmiller’s Duquesne Family Office after resigning from the Fed in 2011. Warsh also invested tens of millions in the Juggernaut Fund, which is associated with Druckenmiller’s firm. (Those funds are now divested.)

“I will fully comply with the Office of Government Ethics,” Warsh responded.

“I think you’ve been basically harassed a little bit in terms of making accusations to you,” Republican Sen. Mike Rounds of South Dakota told Warsh. “Let me give you just a minute to perhaps respond in a just strai

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