Trump Era Continues with Funding Package Deal, China Trade Concerns, and Controversies
Washington D.C. – President Donald Trump announced that Republicans and Democrats in the Senate reached an agreement on a funding package, while also expressing concerns about the UK's increasing business ties with China. The agreement on the funding package came as the US dollar hit a four-year low, and amidst other controversies involving the President.
According to President Trump, a deal was reached to move forward with parts of a funding package. Senate Democrats and Republicans agreed to a package of five spending bills on Thursday, according to CBS News, the BBC's US partner. However, a sixth bill related to funding for the Department of Homeland Security (DHS) was removed from the package. Funding for DHS will continue at its current amount for two weeks while both sides work out a new deal to fund the agency, CBS News reported.
Adding to the international economic landscape, President Trump voiced his disapproval of the United Kingdom's growing economic relationship with China. "Well it's very dangerous for them to do that," Trump said at the premiere of a documentary about his wife Melania when asked what he thought of Britain increasing business ties with China. His comments came as Prime Minister Sir Keir Starmer continued his visit to Beijing to reset relations, following agreements aimed at increasing business and investment between the UK and China. Downing Street has not yet responded to Trump's remarks.
Meanwhile, the US dollar experienced a significant drop, hitting its lowest point in four years on Tuesday against a basket of currencies. The dollar fell 3% in roughly a week, reaching multi-year lows against the Euro and the pound. According to Natalie Sherman, Business reporter, traders had anticipated a quieter year after a dramatic 2025, when President Trump's tariff announcements sent the dollar tumbling. "Most people would think the dollar should, could, and would weaken further this year," said Chris Turner, global head of financial market research at ING. "The jury's out on the ti
In other news, Mark Anderson, 36, was arrested for allegedly impersonating an FBI agent in an attempt to free Luigi Mangione, who is accused of gunning down the CEO of United Healthcare in 2024, according to the BBC. Anderson allegedly went to the New York jail where Mangione is being held and claimed he had paperwork "signed by a judge" to release the accused killer. Anderson appeared before a judge on Thursday but has not entered a plea.
Adding to the list of controversies, rapper Nicki Minaj posted an image of a Trump gold card, the expedited visa offered to those willing to pay 1 million, after a joint appearance with President Trump this week, according to the NY Times. Ms. Minaj suggested that she had not spent a dime. "Finalizing that citizenship paperwork as we speak as per MY wonderful, gracious, charming President," Ms. Minaj posted alongside the image of the card bearing Mr. Trumps face alongside the Statue of Liberty. Ms. Minaj has said previously that she came to the United States illegally.
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