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Shares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin.

GameStop, day traders’ favorite meme stock, climbed more than 7%, while MicroStrategy, which recently rebranded as “Strategy,” saw shares rising as much as 4%. Cohen uploaded the photo over the weekend on X, sparking speculation that GameStop is plotting another strategy around crypto. MicroStrategy shares last traded up 1%.

The video game company had expanded into digital services in recent years by offering crypto wallets that let users manage their crypto and nonfungible tokens. However, the firm shut the service down in 2023, citing “regulatory uncertainty.”

Cohen, co-founder of Chewy, bought shares in GameStop in 2020 and joined the board in 2021 as GameStop became one of the key stocks in the WallStreetBets meme trading mania.

His e-commerce experience fueled hopes that he could help modernize the brick-and-mortar retailer, but the company still struggles to adapt to changing spending habits by gamers. Trading in the stock remains highly volatile and speculative as meme stock personality “Roaring Kitty” continues to spur buying from retail investors.

Saylor’s Strategy also has a fan base of retail investors as the firm touted its aggressive bitcoin-buying strategy. In the past year, the firm has raised billions of dollars through the sale of stock or convertible bonds for the sole purpose of purchasing more bitcoin.

Last week, Strategy said it’s almost halfway to its ambitious capital-raising goal as it went on a buying spree throughout the postelection rally. As of Monday, Strategy holds roughly $47 billion worth of bitcoins on its balance sheet, about 2.5% of the total supply.

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President Donald Trump said if Hamas does not return all hostages by noon on Saturday, he will call for the ceasefire in the Gaza Strip to be canceled and ‘let all hell break out.’ 

Trump made the comments after signing executive orders in the Oval Office Monday evening. 

When asked if he felt the ceasefire deal should be canceled, the president said that is ‘Israel’s decision.’ 

‘If all the Gaza hostages aren’t returned by Saturday at 12 p.m., I would say cancel the ceasefire,’ Trump said in the Oval Office. ‘Let all hell break out; Israel can override it.’ 

Trump stressed that Hamas needs to release ‘all of them—not in drips and drabs.’ 

‘Saturday at 12pm and after that, I would say, all hell is going to break loose,’ Trump said.  

A Hamas spokesperson said Monday that the terrorist group will delay the next planned release of hostages in the Gaza Strip after accusing Israel of violating the ceasefire agreement.

‘Over the past three weeks, the resistance leadership has monitored the enemy’s violations and failure to fulfill its obligations under the agreement; including the delay in allowing the return of the displaced to the northern Gaza Strip, targeting them with direct shelling and gunfire in various areas across Gaza, and denying relief supplies of all kinds to enter as agreed, while the resistance has implemented all its obligations,’ Abu Obeida, the spokesperson for Hamas’ military wing, said. 

Danny Danon reacts to Israeli hostages being released in poor health:

‘Therefore, the release of the Zionist prisoners next Saturday, Feb. 15, 2025, will be postponed until further notice, and until the occupation commits to and provides compensation for the entitlements of the past weeks retroactively,’ he said. ‘We reaffirm our commitment to the terms of the agreement, as long as the occupation remains committed to them.’

Israel and Hamas are in the midst of a six-week ceasefire, during which Hamas has committed to releasing 33 hostages captured in its Oct. 7, 2023 attack in exchange for nearly 2,000 Palestinian prisoners.

The sides have carried out five swaps since the ceasefire went into effect last month, freeing 21 hostages and more than 730 Palestinian prisoners. The next exchange, scheduled for next Saturday, calls for three more Israeli hostages to be freed in exchange for hundreds of Palestinian prisoners.

‘Hamas’ announcement to stop the release of Israeli hostages is a blatant violation of the ceasefire agreement and the hostage release deal,’ Israeli Defense Minister Israel Katz said Monday. ‘I have instructed the [Israeli Defense Forces] IDF to maintain the highest level of readiness for any possible scenario in Gaza and to fortify the defense of Israeli communities. We will not allow a return to the reality of Oct. 7.’

Hamas released three gaunt, frail-looking Israeli hostages – civilians Eli Sharabi, 52; Or Levy, 34, and Ohad Ben Ami, 56 – on Saturday after forcing them to speak at a handover ceremony. Israel in turn freed 183 Palestinian prisoners that day. 

On Sunday, Trump commented on the conditions of the released Israeli hostages, saying they ‘looked like Holocaust survivors’ and ‘like they haven’t had a meal in a month.’

‘I don’t know how much longer we can take that,’ Trump said, referring to the treatment of the hostages, adding, ‘You know, at some point, we’re gonna lose our patience.’

Fox News’ Danielle Wallace, Yonat Friling and The Associated Press contributed to this report.

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The hard-line conservative House Freedom Caucus has released its own proposal to enact President Donald Trump’s agenda via the budget reconciliation process.

The plan would pair a debt ceiling increase and increased border security funding with deep spending cuts through welfare work requirements and rollbacks on progressive Biden administration initiatives.

It’s a sign that House GOP leaders have still not found consensus within the conference on a path forward, despite ambitious plans to get a bill through the chamber at the end of the month.

House and Senate Republicans are aiming to use their congressional majorities to pass a massive conservative policy overhaul via the budget reconciliation process.

By reducing the Senate’s threshold for passage from one-third to a simple majority, where the House already operates, Republicans will be able to enact Trump’s plans while entirely skirting Democratic opposition, provided the items included relate to budgetary and other fiscal matters.

GOP lawmakers want to include a wide swath of Trump priorities from more funding for border security to eliminating taxes on tipped and overtime wages.

But fiscal hawks have also demanded the package be deficit-neutral or deficit-reducing. Congressional leaders can afford little dissent with their razor-thin majorities and guaranteed lack of Democratic support.

The Freedom Caucus’s plan would follow through on conservatives’ pleas for deep spending cuts, pairing $200 billion in annual new spending for the border and national defense with $486 billion in spending cuts for the same 10-year period.

It would also include a $4 trillion increase in the debt ceiling, something Trump demanded be part of Republicans’ fiscal negotiations.

Spending cuts would be found in codifying rollbacks to the Biden administration’s electric vehicle mandates and imposing Clinton administration-era work requirements for certain federal benefits, among other measures.

The legislation leaves out one critical component of Trump’s reconciliation goals – the extension of his 2017-era Tax Cuts and Jobs Act.

House GOP leaders and Republicans on the Ways & Means Committee had pushed for them to be included alongside border security, debt ceiling, defense and energy measures in one massive reconciliation bill. 

They argued that leaving them for a second bill, which the House Freedom Caucus plan would do, will allow Trump’s tax cuts to expire at the end of this year before Congress has time to act.

The two-track approach is also favored by Senate Republicans, who are moving forward with their own plan this week.

Conservatives on the House Budget Committee pushed back against GOP leaders’ initial proposals for baseline spending cuts to offset new spending in the reconciliation plan, forcing the House to punt on plans to advance a resolution through the House Budget Committee last week.

Senate Budget Committee Chair Lindsey Graham, R-S.C., later announced plans to advance his own proposal through his committee by Thursday.

”The biggest loser this weekend wasn’t at the Super Bowl, but rather the American people,’ Rep. Andy Ogles, R-Tenn., told Fox News Digital. ‘The clock is ticking, and we are no closer to a budget deal, which is why the House Freedom Caucus released our Emergency Border Control Resolution Budget to secure our border and address Trump’s America First Agenda.’

House Freedom Caucus Chair Andy Harris, R-Md., said in a statement, ‘Given the current delay in the House on moving a comprehensive reconciliation bill, moving a smaller targeted bill now makes the most sense to deliver a win for the President and the American people.’

Rep. Michael Cloud, R-Texas, said, ‘The American people voted for Donald Trump to see action – not for Congress to sit on its hands while our short window to pass his America-First agenda closes.’

Supporters of the two-bill approach have said it would secure early wins on issues Republicans agree most on while leaving more complex matters like tax cuts for the latter half of the year.

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President Donald Trump’s nominee to be Director of National Intelligence (DNI), Tulsi Gabbard, cleared her last procedural hurdle on Monday evening, paving the way for a final confirmation vote later this week. 

The motion passed by a vote of 52-46, along party lines. 

At one time considered perhaps the most vulnerable of Trump’s picks, the former Democratic congresswoman got past another key vote, defeating the legislative filibuster’s threshold on nominations.

The Monday vote’s outcome was much more certain than that of her Senate Select Committee on Intelligence vote last week, which depended on a handful of senators who had potentially lingering concerns. 

But Republicans signaled confidence in her confirmation in the full Senate, evidenced by their slating it while Vice President JD Vance is in Europe representing the U.S. at events and meetings, and is not around to break a tie in the upper chamber. Vance notably had to break a tie to confirm Defense Secretary Pete Hegseth. 

The vote teed up a final confirmation vote on Wednesday, as Democrats are expected to use all 30 hours of post-cloture time to debate, rather than reaching a time agreement with Republicans to expedite it. 

Gabbard advanced out of the Senate Select Committee on Intelligence last week, snagging the support of crucial GOP Sens. Susan Collins, R-Maine, and Todd Young, R-Ind.

In a final vote, Gabbard can only lose 3 Republican votes, assuming she does not get any Democratic support, as was the case in the committee vote. 

Gabbard already has an advantage over Defense Secretary Pete Hegseth, as Collins supports her. The senator was notably one of three votes against Hegseth. 

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The gold price gained 30 percent in 2024, setting new highs along the way.

It broke through US$2,500 per ounce, then continued higher, hitting US$2,600 and then US$2,700.

Less than a month and a half into 2025, the breakneck pace continues. The price of gold broke through the US$2,800 mark on January 31, and pushed above US$2,900 during intraday trading on Monday (February 11).

Gains since the start of the year have been primarily driven by economic uncertainty, as US President Donald Trump has vowed to make sweeping changes to trade and foreign policy and amid relative strength in the US dollar.

The most recent announcement came on Sunday (February 10), when Trump told reporters on Air Force One that he was planning 25 percent tariffs on aluminum and steel and reciprocal tariffs on all countries. He said a formal announcement would be made on Monday, but at the time of publication, no announcement had been made.

There was quick pushback on the tariff plans as the EU threatened its own retaliatory tariffs.

The new tariffs come just one week after the US backed down from imposing sweeping 25 percent tariffs on all goods entering the US from Mexico and Canada. The president appeared to be leveraging the threat of tariffs against its two trading partners to increase border security. Both countries had previously announced significant increases in funding for technology and patrols along their respective borders.

Recent weeks have also seen the President make remarks about the future of Gaza that would see the displacement of millions of Palestinians. Trump also suggested that Gaza could become US property as it works to redevelop the area, likening it to the Riviera. On Monday he expanded on the idea saying that Gaza residents would have no right to return.

The language and tone of his statements were met with pushback, particularly from other Middle Eastern countries, which argued it could push the region deeper into conflict.

Investors seek stability as uncertainty mounts

All these announcements have spooked some investors, prompting them to turn to gold for added stability in their portfolios.

According to data from the World Gold Council (WGC), US$2.6 billion in investments were added to gold ETFs in January. The majority of these inflows came from European funds, which saw investors add 39 metric tons to their holdings. However, both US and Asian funds saw some decreases, with combined losses of 10 metric tons.

The council suggests that the increase was at least partly due to European Central Bank rate cuts, which caused a sharp fall in bond yields during the month.

The release also predicts further gains in February, in particular from China, where New Year’s celebrations tend to favor retail gold sales. The WGC noted that February sales have a positive correlation with January’s performance.

Monday saw gold rise sharply, gaining 1.48 percent to reach US$2,902.30 per ounce by 1 p.m. EST. Silver was also up, but not as much, gaining 0.71 percent to US$32 per ounce.

Despite the announcements of new tariffs, equity markets were also up in morning trading. The S&P 500 (INDEXSP:INX) gained 0.64 percent to 6,064.57, while the Nasdaq-100 (INDEXNASDAQ:NDX) rose 1.22 percent to 21,754.19. The Dow Jones Industrial Average (INDEXDJX:.DJI) saw a slight gain of just 0.2 percent to 44,390.78.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The U.S. Agency for International Development (USAID) reportedly provided ‘full funding’ for al Qaeda terrorist Anwar al-Awlaki to attend college in Colorado, unearthed documents apparently show. 

Al-Awlaki was an American-born jihadist who was killed in a drone strike in Yemen in 2011, during the Obama administration. He was a central figure of al Qaeda, including having direct contact with Army psychiatrist Nidal Hasan before he opened fire at Fort Hood, Texas, in 2009, killing 13 people, U.S. officials reported at the time. 

Amid the Department of Government Efficiency’s (DOGE) investigations of federal government agencies in search of overspending, corruption and fraud, political eyes have been locked on USAID funding. 

USAID is an independent government agency charged with managing foreign aid programs that has been exposed by Republican lawmakers, DOGE and think tanks for bankrolling a series of questionable programs across the years, including helping launch an Iraqi version of ‘Sesame Street’ and promoting transgender activism in nations such as Guatemala. 

Social media accounts erupted this week with a copy of a document reportedly showing USAID also funded al-Awlaki’s tuition to Colorado State University. The document, which investigative reporters unearthed and posted to X over the weekend, shows that a USAID form dated June 1990 outlined al-Awlaki was reportedly granted funding to attend the college by fraudulently claiming he was a Yemeni national and qualified for an exchange visa. 

Al-Awlaki was born in Las Cruces, New Mexico, in 1971 to parents from Yemen. He was raised both in the U.S. and Yemen, U.S. media reported in 2011 following his death. 

The unearthed document previously was reported by George Washington University’s research and archival institution, the National Security Archive, Fox Digital found. 

‘This form, dated 1990, confirms that Anwar al-Awlaki was qualified for an exchange visa and that USAID was providing ‘full funding’ for his studies at Colorado State University,’ the National Security Archive reported in 2015 accompanied by a copy of the document. ‘The document lists Anwar’s birthplace incorrectly as Sanaa, Yemen’s capital, which he later said was a deliberate falsehood offered at the urging of American officials who knew his father so that he could qualify for a scholarship reserved for foreign citizens,’ 

The document reports al-Awlaki fraudulently reported he was born in the Yemen capital Sana’a and was studying civil engineering at the Colorado university. When asked to list an address, the document reports that al-Awlaki was in the care of ‘USAID/Sana’a.’

Fox News Digital reached out to Colorado State University’s media team for comment on the document and al-Awlaki’s attendance but did not immediately receive a reply. 

He earned a bachelor’s degree in civil engineering from Colorado State University in 1994, according to previous media reports on his 2011 death. 

He worked as a Muslim cleric in cities such as Denver, San Diego and Falls Church, Virginia, before moving to Yemen in 2004. Al-Awlaki was preaching at a San Diego mosque in 2000 when he reportedly first met Khalid al-Mihdhar and Nawaf al-Hazmi, two of the 9/11 hijackers.

He was arrested in 2006 in Yemen on suspicion of holding terrorist ties, with U.S. intelligence viewing him as a terrorist sympathizer until about 2009, NBC News previously reported. He was linked to the shooting at Fort Hood in Texas that year, as well as the attempted bombing of a flight to Detroit on Christmas Day. 

The Obama administration authorized operations to capture or kill al-Awlaki in 2010, with a drone strike on Sept. 30, 2011, killing him in Yemen.

‘The death of Awlaki marks another significant milestone in the broader effort to defeat al Qaeda and its affiliates,’ President Barack Obama said of the death in 2011. ‘Furthermore, the success is a tribute to our intelligence community and to the efforts of Yemen and its security forces, who have worked closely with the United States over the course of several years.’ 

The unearthed document reportedly connecting al-Awlaki to USAID funding comes amid the Trump administration’s apparent dismantling of the agency. Signage for the agency was removed from its headquarters in early February, while the USAID website was shut down and previously only showed a message stating ‘direct-hire personnel’ would be placed on leave Feb. 7, except those on ‘mission-critical functions, core leadership and specially designated programs.’

A federal judge on Friday ordered a temporary block to the Trump administration’s plan to put roughly 2,200 employees of the agency on leave. The order remains in effect until at least Feb. 14. 

Democrats and government employees have railed against DOGE and its chair, Elon Musk, including USAID employees calling DOGE’s investigation a ‘mafia-like takeover’ of the agency and reporting they are ‘psychologically frightened’ he would share their private data publicly.

Trump said during an interview with Fox News’ Bret Baier, which aired Sunday, that DOGE and his administration remain on a mission to cut government waste. 

‘We have to solve the efficiency problem,’ Trump said. ‘We have to solve the fraud, waste, abuse, all the things that have gone into the government. You take a look at the USAID, the kind of fraud in there.’ 

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Democratic lawmakers are fuming over the ‘DOGE boys’ and their recent crackdown on federal spending, holding a rally outside the newly formed cost-cutting department’s potential next target: the Social Security Administration (SSA).

The Department of Government Efficiency (DOGE), led by Elon Musk, has been working with federal agencies to identify and cut wasteful spending. Most recently, the group began probing the Centers for Medicare and Medicaid Services (CMS) for potential fraud — a move that wasn’t welcomed by Democratic lawmakers who warned that the SSA could be the next agency on the target list.

On Monday, Sen. Chris Van Hollen, Sen. Angela Alsobrooks, Rep. Kweisi Mfume, D-Ma., Rep. Johnny Olszewski, D-Ma., and Rep. Sarah Elfreth, D-Ma., gathered for a rally outside the SSA headquarters in Baltimore to criticize DOGE’s efforts.

‘Every time you hear DOGE, the Department of Government Efficiency, you just remember it is the department of government evil,’ said Mfume, a Maryland-based Democrat.

Fox News Digital previously reported that according to Just Facts, a nonprofit research institute, SSA disbursed roughly $2 billion in fraudulent or improper payments in 2022, which it calculated was enough ‘to pay 89,947 retired workers the average annual old-age benefit of $21,924 for 2023.’

Democrats, however, have claimed that Americans’ Social Security benefits could be targeted. 

‘We have one simple message, which is: Elon Musk, keep your hands off our Social Security,’ Van Hollen told the crowd. 

‘Over the last 21 days, we have seen Elon Musk conducting illegal raids on federal agencies with his DOGE crew,’ the senator said. ‘This is a recipe for corruption by the DOGE boys.’

Sen. Angela Alsobrooks, D-Ma., speaking during the rally, claimed that ‘the intention of this administration is to make us feel demoralized, to make many of us feel frightened, to incite fear, to silence people.’

Many of DOGE’s targets have ranged from canceling a number of diversity, equity and inclusion (DEI) initiatives at federal agencies to consolidating duplicative agencies and programs.

DOGE, as of the end of January, said that it was saving the federal government $1 billion a day, mostly by ‘stopping the hiring of people into unnecessary positions, deletion of DEI and stopping improper payments to foreign organizations, all consistent with the President’s Executive Orders.’

The efforts have been widely rejected by Democratic lawmakers, who have been gathering outside government agency headquarters in protest of the DOGE agenda.

Fox News Digital’s Andrew Mark Miller and Eric Revell contributed to this report.

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Judges across the country have taken action to block President Donald Trump’s agenda since he took office in January. Vice President JD Vance triggered a social media frenzy on Sunday by affirming his support for Trump’s executive authority. 

‘If a judge tried to tell a general how to conduct a military operation, that would be illegal,’ Vance posted on X. ‘If a judge tried to command the attorney general in how to use her discretion as a prosecutor, that’s also illegal. Judges aren’t allowed to control the executive’s legitimate power.’

Vance’s comments followed a ruling that blocked the Department of Government Efficiency from accessing personal data. Judges in New Hampshire, Seattle and Maryland have blocked Trump’s executive order ending birthright citizenship. New York Attorney General Leitita James advised hospitals to ignore Trump’s executive order ending sex change procedures for minors. 

Democrats were quick to lash out at Vance on social media on Sunday, equating his comments to ‘tyranny’ and ‘lawlessness.’ Illinois Gov. JV Pritzker, a potential 2028 presidential contender, said Vance’s comments mean ‘the Trump administration intends to break the law.’

‘JD Vance is saying the quiet part out loud: the Trump administration intends to break the law. America is a nation of laws. The courts make sure we follow the laws. The VP doesn’t control the courts, and the President cannot ignore the Constitution. No one is above the law,’ Pritzker said.

Pete Buttigieg, former Transportation secretary and a 2020 presidential candidate, said the vice president does not decide what is legal. 

‘In America, decisions about what is legal and illegal are made by courts of law. Not by the Vice President,’ Buttigieg said. 

Liz Cheney, the former Republican congresswoman who led the Jan. 6 Select Committee and campaigned for former Vice President Kamala Harris, accused Vance of tyranny. 

David Hogg, the first Gen Z vice chair of the Democratic Party, said Vance’s comments are a power grab by the executive branch.

‘He’s saying this to normalize a power grab by the executive to consolidate the power of the president and make him a king,’ Hogg said. ‘If liberals ever said this, conservatives would (rightfully) lose their godd— minds.’

Connecticut Sen. Chris Murphy called Vance’s comments the ‘meat’ of the current ‘constitutional crisis.’

‘For those of us who believe we are in the middle of a constitutional crisis, this is the meat of it,’ Murphy said on X. ‘Trump and Vance are laying the groundwork to ignore the courts – democracy’s last line of defense against unchecked executive power.’

Sen. Adam Schiff, D-Calif., the first-term senator whom Trump nicknamed ‘Schifty Schiff’ on the campaign trail, said Vance’s comment ‘puts us on a dangerous path to lawlessness.’

‘JD, we both went to law school. But we don’t have to be lawyers to know that ignoring court decisions we don’t like puts us on a dangerous path to lawlessness. We just have to swear an oath to the constitution. And mean it,’ Sen. Adam Schiff, D-CA, responded. 

Some conservatives fired back at the onslaught of comments. Columnist Kurt Schlichter jumped into the conversation, implying Schiff is a bad lawyer. 

Jed Rubenfeld, a Yale Law School professor, lawyer and constitutional scholar, said he agreed with Vance that judges cannot ‘constitutionally interfere.’

‘JD is correct about this, and his examples are exactly right,’ Rubenfeld said. ‘Where the Executive has sole and plenary power under the Constitution – as in commanding military operations or exercising prosecutorial discretion – judges cannot constitutionally interfere.’

More X users, who joined the debate, said Vance and his supporters’ comments are ironic. AJ Delgado, a self-described ‘MAGA original but now proudly anti-Trump,’ said those attacking Vance lacked principle. 

‘Weren’t you all cheering when a federal judge halted Biden’s student loan forgiveness? You have ZERO principles,’ she wrote on X. 

When the Supreme Court ruled against President Joe Biden’s student loan forgiveness plan, he did not waver in his commitment to relieving student debt, vowing ‘to keep going’ despite the court’s order. 

Sen. Elizabeth Warren, D-Mass., during a February 2024 episode of ‘Pod Save America,’ gave credit to Biden for finding alternative ways to alleviate student loan debt.

‘Whatever tools he’s got, he’s sharpening and building some new tools through his Department of Education. We are now at about just a little shy of 4 million people who have had their student loan debt canceled. Joe Biden is just staying after it,’ Warren said.

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Defense Secretary Pete Hegseth instituted a ban on allowing transgender people to join the military late last week, following a directive from President Donald Trump. 

A memo dated Feb. 7 and signed by the defense secretary says, ‘Effective immediately, all new accessions for individuals with a history of gender dysphoria are paused.’ 

‘All scheduled, unscheduled, or planned medical procedures associated with affirming or facilitating a gender transition for service members are paused.’ 

The memo also says service members with gender dysphoria ‘have volunteered to serve our country and will be treated with dignity and respect.’

But the memo was unclear about what would happen to those currently in the military and identifying as a gender different than that assigned at birth, delegating responsibility to the under secretary for personnel and readiness to provide policy and implementation guidance for active service members with gender dysphoria.

The Pentagon could not immediately be reached for comment on the status of current transgender service members. 

During a military town hall on Friday, Hegseth tore into diversity, equity and inclusion (DEI) initiatives.

‘I think the single dumbest phrase in military history is, ‘Our diversity is our strength.’ I think our strength is our unity,’ he said.

Hegseth went on: ‘Our strength is our shared purpose, regardless of our background, regardless of how we grew up, regardless of our gender, regardless of our race. In this department, we will treat everyone equally, we will treat everyone with respect, and we will judge you as an individual by your merit and by your commitment to the team and the mission.’

Late last month, the Pentagon declared identity months, including Black History Month and Women’s History Month, ‘dead’ within DoD and said it would not use resources to celebrate them. 

An executive order signed by Trump last month required Hegseth to update medical standards to ensure they ‘prioritize readiness and lethality’ and take action to ‘end the use of invented and identification-based pronouns’ within DOD.

It says that expressing a ‘gender identity’ different from an individual’s sex at birth does not meet military standards. 

The order also restricts sleeping, changing and bathing facilities by biological sex. It’s not an immediate ban, but a direction for the secretary to implement such policies. 

It revokes former President Joe Biden’s executive order that the White House argues ‘allowed for special circumstances to accommodate ‘gender identity’ in the military – to the detriment of military readiness and unit cohesion.’

A categorical ban on transgender service members was lifted in 2014 under President Barack Obama. 

There are an estimated 9,000 to 14,000 transgender service members – exact figures are not publicly available.

Between Jan. 1, 2016, and May 14, 2021, the DOD reportedly spent approximately $15 million on providing transgender treatments (surgical and nonsurgical) to 1,892 active duty service members, according to the Congressional Research Service. 

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