Showing posts with label Scott Bessent. Show all posts
Showing posts with label Scott Bessent. Show all posts

Wednesday, April 29, 2026

New Jersey Congresswoman Analilia Mejia Debuts Federal $25 Minimum Wage Bill a Week After Winning Special Election


NYPost.com:

A national coalition of more than 100 organizations, including teachers unions and lawmakers, is pushing for a federal $25 minimum wage bill. Rep. Delia Ramirez, D-Ill., and Rep. Analilia Mejia, D-N.J., on Tuesday introduced the Living Wage for All Act — a bill to raise the federal minimum wage to $25-per-hour and eliminate subminimum wages. 
 
Mejia, a founding member of the Living Wage for All coalition, is pushing the bill as her first legislative action since winning a special election for a New Jersey House seat in a landslide last week, defeating Republican candidate Joe Hathaway. 
 
Mejia ran on a platform that emphasized Medicare for all, a $25 minimum wage, a wealth tax, and abolishing Immigration and Customs Enforcement (ICE).

Cheers for Rep. Mejia, especially when you consider that the entire Democrat platform, these days, revolves around how much you hate Trump. Which is why Mejia's bill will go nowhere, because Democrats sole goal, if they take back the House in 2027, is to impeach Trump. But hey, at least Mejia is keeping her word and trying to speak to the needs of working-class voters, unlike 99% of her Democrat colleagues.

RELATED: Trump Treasury secretary nominee won’t support raising minimum wage

Friday, February 20, 2026

Supreme Court Justices Strike Down Trump’s Tariffs


NBCNews.com:

The Supreme Court delivered a major blow to President Donald Trump, ruling Friday that he exceeded his authority when imposing sweeping tariffs using a law reserved for a national emergency. 
 
The justices, divided 6-3, held that Trump's aggressive approach to tariffs on products entering the United States from across the world was not permitted under a 1977 law called the International Emergency Economic Powers Act (IEEPA). The ruling invalidates many, but not all, of Trump’s tariffs. 
 
Speaking at the White House, Trump harshly criticized the Supreme Court majority, describing the decision as a "disgrace to our" nation and the justices in the majority as "very unpatriotic and disloyal to the Constitution," while suggesting they were "swayed by foreign interests." Trump's ability to impose tariffs using other laws is not affected by the ruling, and Trump said he plans to use those authorities to impose new duties on a global basis. He said he will soon implement a 10% global tariff, which would be a reduction for nearly all foreign nations.

The right ruling by SCOTUS in my opinion. The law that Trump was using to impose his tariffs is only good for 'emergencies'--that's pretty clearly stated in the Constitution. And to be fair, Trump's big mouth and sheer recklessness made it even harder for SCOTUS to rule in his favor. But Trump being Trump, he probably thought Justices Alito, Thomas and his 3 handpicked Justices Gorsuch, Kavanaugh and Barrett, would be 'loyal' by ruling for him and he'd get a pass--well, that obviously didn't turn out to be the case. And good for them, as the justices are sworn to abide by the Constitution and nothing else. That being said, it's clear that many on Trump's team (esp. Treasury Sec. Scott Bessent) were already prepared for a defeat and within a few hours of the decision it was announced that the tariffs will remain in place, but under a different law. On another note, it sure will be interesting to see which justices show up for Trump's SOTU address next week.

RELATED: Trump says Supreme Court's tariff ruling means he can 'charge much more'

Monday, October 13, 2025

Trump Begins Implementation of $20 Billion Bailout for Argentina



UPI.com:

The United States has finalized a $20 billion financial support framework with Argentina, making good on President Donald Trump's pledge to help the struggling country, led by ally President Javier Milei, despite growing opposition to the move from both Democrats and Republicans.

Treasury Secretary Scott Bessent announced the deal Thursday on X, saying it followed four days of "intensive meetings" in Washington, D.C., with Argentina's Minister of Economy Luis Caputo.

The deal, which includes a $20 billion currency swap and the direct purchase of Argentine pesos, was completed with Argentina's central bank, said Bessent, adding that his department is prepared to "immediately" take all measures needed to stabilize the South American country's markets.

America first? Not exactly. Especially when we’re talking about a nation that happens to be one of the U.S.’s biggest allies and one that's backed by massive billionaire investment firms from around the world, not just America. Never mind that Argentina has declared bankruptcy several times in recent years (so the chances of recovering that $20 billion are slim to none), or that Treasury Secretary Scott Bessent once worked for billionaire, far-left political operative George Soros. So in the end, it’s the corporations that come out on top, regardless of which side of the political aisle you’re on.

RELATED: Farmers struggle under Trump's tariffs. But he has a plan ... to save Argentina. | Opinion

NYC Mayor Zohran Mamdani Says IDs Required For His Grocery Stores

Mediaite.co m: New York City Mayor Zohran Mamdani (D) sparked a wave of criticism from MAGA world on Monday when his administration announ...