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Republican spending hawks in the House of Representatives are pushing their leaders to include at least $2.5 trillion in spending cuts in a massive piece of legislation intended to advance President Donald Trump’s agenda.

Republicans held their weekly closed-door agenda meeting on Wednesday where they discussed a path forward via the budget reconciliation process. 

By lowering the threshold in the Senate from two-thirds to a simple majority – which the House already operates under – reconciliation allows the party in power to pass sweeping fiscal policy changes while skirting the opposition.

Several sources told Fox News Digital there was significant ‘frustration’ within the House GOP conference on Wednesday over a lack of a concrete final plan from Republican leadership. 

One GOP lawmaker said that tension bubbled up with several ‘heated exchanges,’ with conservatives demanding a concrete plan and minimum spending cuts at significantly higher levels than what was initially proposed.

‘I think there’s a lot of frustration right now,’ the lawmaker told Fox News Digital. ‘They’ve been trying to be inclusive, but not every open forum they’ve offered is giving members the ability to say, ‘I feel like people are listening to me,’ because I don’t know that’s the case right now.’

There’s also concern that the Senate, which is growing impatient with the House, could move forward with its own plan if the House doesn’t release one first – which House Republicans worry will include much shallower spending cuts than what could pass in the lower chamber.

‘What we’re worried about is losing the opportunity. I think we’re more likely to cut than they are,’ a second GOP lawmaker said.

Senate Budget Committee Chairman Lindsey Graham R-S.C., announced plans to move forward with the upper chamber’s own bill on Wednesday afternoon. He now plans to advance a measure through his committee next week.

A third House Republican said GOP lawmakers were fed up waiting for a ‘play call.’

But senior House GOP aides pushed back on the notion there was no play call, pointing out that Republican leaders held countless listening sessions culminating at the recent three-day House GOP retreat in Miami to consult members and emerge with a blueprint for a one-bill strategy that maintains scoring flexibility. The aides said the reconciliation process has had a 95% participation rate among House Republicans.

House GOP leaders were forced to delay a key vote on advancing a reconciliation bill through the House Budget Committee, the first step in the process, after spending hawks pushed back on initial proposals for spending cuts between $300 billion and $600 billion.

House Majority Leader Steve Scalise, R-La., said on Tuesday night that it would likely be planned for next week, but that leaders’ final goal of having a bill on Trump’s desk in May remained unimpeded. 

Three sources told Fox News Digital that leaders are floating a plan that would include roughly $1.65 trillion as a baseline for spending cuts, though two people stressed they saw the figure as one of several tentative ideas rather than a final plan.

Two other sources said it would also include measures that lead to an additional $1.65 trillion in economic growth.

Republicans are trying to pass a broad swath of Trump policies via reconciliation, from more funding for border security to eliminating taxes on tips and overtime wages. Trump has also made clear that he views extending his Tax Cuts and Jobs Act (TCJA) of 2017 as vital to the process.

The tax cuts have proved a sticking point with some spending hawks, however, because several estimates show they could add upwards of $1 trillion to the federal deficit over 10 years if extended. Those spending hawks have said they support extending the tax cuts but are seeking deep funding rollbacks elsewhere to offset them.

Three people involved in the discussions also told Fox News Digital that House GOP leaders are considering extending the TCJA tax cuts by five years instead of 10 to mitigate those concerns.

Reps. Chip Roy, R-Texas, and Ralph Norman, R-S.C., two conservative members of the House Budget Committee, both told reporters they wanted to see the baseline for spending cuts set at roughly $2.5 trillion.

Roy told reporters that $2.5 trillion would amount to roughly $250 billion per year in federal savings over 10 years – while pointing out the U.S. was currently running a $36 trillion national debt.

House GOP leaders vowed to seek $2.5 trillion in spending cuts back in December, to get conservatives on board with a bill averting a partial government shutdown.

‘They said $2.5 trillion of cuts. So, deliver. That will unlock the door,’ Roy said.

Norman told reporters multiple times this week that he wants between $2 trillion and $3 trillion in cuts.

This post appeared first on FOX NEWS

Staffers and contractors who work with the U.S. Agency for International Development (USAID) were stunned and angered after President Donald Trump and the Department of Government Efficiency (DOGE) – the government accountability unit headed by billionaire Elon Musk – effectively shut down the $40 billion agency on Monday.

One USAID staffer who wished to remain anonymous told Fox News Digital that 80% of staff across its bureaus learned they lost access to the agency’s systems on Monday morning, including travel, communications, classified information and databases – leading to questions about how to repatriate American citizens in some of the most dangerous places in the world should the need arise.

Staffers also feel they were ‘left high and dry’ and ‘have no idea what to do or where to turn’ after being ‘abandoned by Congress and the government,’ the source said, adding they felt the agency was ‘hostilely taken over by DOGE.’ 

‘The richest man in the world is taking this away from the poorest people in the world,’ the source said of Musk.

USAID was set up in the early 1960s to act on behalf of the U.S. to deliver aid across the globe, particularly in impoverished and underdeveloped regions. The Trump administration alleges that much of the spending has been wasteful, promoting a liberal agenda around the world. 

DOGE has particularly criticized a $1.5 million program slated to ‘advance diversity, equity and inclusion in Serbia’s workplaces and business communities’ and a $70,000 program for a ‘DEI musical’ in Ireland.

Democrats counter that the agency plays a vital role in U.S. national security interests and say it should remain independent. They point to the work USAID did to counter Soviet influence during the Cold War – a sphere of influence that could remain a concern amid China’s Belt and Road Initiative.

‘It’s not a generosity project,’ the source said of USAID, ‘this is a national security agency and effort at its core’ that ‘protects borders and cuts threats off,’ such as working to contain Ebola and dispersing COVID vaccines to keep such threats outside the U.S.

Musk has said that both he and Trump ‘agreed’ that the agency should be ‘shut down.’ Secretary of State Marco Rubio, who has been named acting director of the independent agency, on Monday echoed the sentiment, telling reporters, ‘USAID is not functioning.’

‘It needs to be aligned with the national interest of the U.S. They’re not a global charity, these are taxpayer dollars. People are asking simple questions. What are they doing with the money?’ Rubio continued. ‘We are spending taxpayers’ money. We owe the taxpayers assurances that it furthers our national interest.’

The scope of work overseen by USAID is vast and ranges from administering foreign aid through humanitarian efforts like famine relief, clean water distribution programs, and medical services, including administering polio vaccines, HIV/AIDS relief and prevention work. It also bolsters democracy, human rights and governance initiatives.

The source said the stop work order has left medications for HIV and even vaccines meant for distribution in overseas regions sitting on shelves, saying, ‘It has all stopped.’

Sen. Joni Ernst accuses USAID of

Steve Schmida, who runs global consulting firm Resonance, which competes for contracts with USAID, told Fox News Digital that the shutdown is impacting contractors in the form of layoffs, furloughs and a reduction in hours. He also said the stop-work order has prevented his employees from getting paid for work they’ve already done.

Schmida said DOGE is ‘controlling payments’ by taking over the payment system. He accused the Musk-led agency of ‘intentionally defrauding us.’

‘If not stopped, it will spread to the rest of the government,’ Schmida said, adding that the Trump administration’s DOGE could use its takeover of the payment system as ‘a weapon against American citizens, denying Social Security and Medicare if they step out of line.’

DOGE taking hammer to insane spending, shuts down USAID

Schmida said the foreign assistance community recognizes and shares the desire to reform the system, stating it ‘could work a lot better,’ though he urged the government to work toward improvement rather than the destruction of an agency whose work has been built up over seven decades.

Fox News’ Caitlin McFall contributed to this report.

This post appeared first on FOX NEWS

Investor Insight

Anteros Metals’ forward-thinking, diversified exploration strategy that leverages innovative data science to target high-potential mineral deposits offers a compelling opportunity for savvy investors to gain exposure and generate value in multiple stages of mineral exploration.

Overview

Anteros Metals (CSE:ANT) is a dynamic multimineral exploration company leveraging modern data science methodologies to systematically advance its projects across Newfoundland and Labrador, Canada. Focused on sustainable and cost-effective exploration, Anteros targets high-value deposits in underexplored yet geologically rich regions. With a portfolio covering 2,775 hectares and commodities critical to global technology and energy transitions, Anteros positions itself as a leading innovator in the junior mining sector.

Anteros Metals project portfolio

The company’s strategic approach prioritizes asset acquisition in underexplored yet resource-rich regions, positioning Anteros to capitalize on growing global demand for critical and base metals. Its properties encompass nine metals and minerals, five of which are classified as critical minerals, reflecting the company’s alignment with the accelerating energy transition and technological advancement.

Applying proprietary algorithms and integrating historical exploration data allow the company to significantly reduce exploration risk while accelerating project timelines. This streamlined, data-driven approach underpins Anteros’ ability to generate long-term shareholder value through exploration, joint ventures and operational partnerships.

Furthermore, Anteros follows a structured approach to exploration, with projects strategically positioned across different stages of the mineral exploration lifecycle. By maintaining a balanced portfolio across various exploration stages, Anteros ensures a steady progression of projects toward resource definition and development.

Company Highlights

  • Four 100 percent owned properties in Newfoundland and Labrador targeting critical and base metals. Commodities include copper, cobalt, nickel, manganese, zinc and others vital for green technologies.
  • The flagship Knob Lake iron-manganese project is an advanced exploration project with a historical resource located near significant iron ore infrastructure in Schefferville, Quebec.
  • Haven Steady is a proven VMS asset accessible by road and hosts silver-lead-zinc mineralization with high-grade intersections and untapped geophysical anomalies.
  • The Strickland project includes seven mineralized zones with significant silver-lead-zinc and gold potential, located near the prolific Hope Brook gold deposit.
  • The Hopedale asset has a nickel-copper-cobalt focus, situated 90 kilometers south of Vale’s Voisey’s Bay in a geologically favorable zone with unexplained geochemical anomalies and untested electromagnetic conductors.
  • Anteros follows a structured approach, with projects at various exploration stages: prospecting (Hopedale), early-stage (Haven Steady), intermediate (Strickland), and advanced exploration (Knob Lake). By balancing its portfolio, Anteros ensures a continuous pipeline of project advancement, reducing risks and maintaining steady value creation.
  • The company is led by an experienced team with over a century of combined expertise in exploration, mining and financial markets, ensuring robust project execution.

Key Projects

Anteros Metals project location map

Knob Lake

Located within the Western Labrador Trough, just 2.5 km south of Schefferville, Québec, Knob Lake benefits from its proximity to extensive infrastructure, including rail lines, roads and nearby iron ore processing facilities. The property, covering 0.75 square kilometers across three claims, targets a superior-type iron deposit hosted within the Sokoman Formation, renowned for its high-grade direct shipping ore (DSO) potential. This property is in proximity to significant iron ore operations, including Tata Steel’s Timmins Mine and the historical James, Ruth Lake and Redmond mines.

Historical exploration includes 2,746 meters of diamond drilling, which delineated a historical resource of 5.08 million tons (Mt) at 54.7 percent iron (measured and indicated) and 643,800 tons at 51.5 percent iron (inferred)¹. The deposit remains open along strike and at depth, indicating significant potential for resource expansion.

Anteros Metals Knob Lake

As Anteros’ flagship project, Knob Lake, is in the advanced exploration stage, with historical drilling confirming significant resources of iron and manganese. The project benefits from detailed modeling, infrastructure readiness, and proximity to established mining operations.

Future exploration plans involve leveraging recent digital modeling and geophysical surveys to refine the geological understanding and define additional high-grade zones. Knob Lake’s excellent access to global shipping routes enhances its economic viability, positioning it as a flagship project for Anteros Metals.

¹This historical mineral resource estimate is from a Technical Report entitled Technical Report: Schefferville Area Phase I DSO Iron Projects Resource Update, Western Labrador – NE Québec, Canada by Maxime Dupéré dated June 27, 2014 and is filed on SEDAR (www.sedar.com). The Technical Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), NI 43-101F1, and with CIM standards and Mineral Resource best practices. The independent QP believed project data was suitable for mineral resource estimation at that time. The stated resource uses an iron cut-off grade of 50%, and grades were not capped. An independent Qualified Person will be required to compile and validate historic Property data, model the data, and estimate the mineral resource to obtain a current mineral resource. It is envisaged that this will involve open pit optimization. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. Anteros Metals Incorporated is not treating the historical estimate as a current mineral resource.

Haven Steady

Anteros Metals Haven Steady project

Haven Steady is located 40 km southeast of Buchans in the Central Newfoundland Gold Belt, a prolific region for volcanogenic massive sulphide (VMS) deposits. Haven Steady is situated in a district renowned for Kuroko-style polymetallic mineralization.

The property hosts significant silver-lead-zinc mineralization along a 1,000-meter strike length, identified through 8,048 meters of historical drilling. Key intersections include up to 4.16 percent copper over 1.3 meters and multiple gold-enriched zones exceeding 1 gram per ton (g/t) gold. The deposit lies within altered felsic volcanics, typical of Kuroko-style VMS systems, and is surrounded by untested geophysical anomalies. This geological setting is comparable to the nearby Duck Pond mine, which produced high-grade copper and zinc. Future plans focus on detailed geophysical studies and phased drilling campaigns to test high-priority targets and expand known mineralized zones. The presence of enriched gold and copper zones within a proven VMS district makes Haven Steady a key asset for Anteros Metals.

Strickland

Anteros Metals Strickland project

Strickland lies in the Central Newfoundland Gold Belt, a region with prolific epithermal gold and VMS deposits. The property features seven mineralized zones with a combined strike length exceeding 2 km. The mineralization is hosted within submarine felsic volcanic units, providing predictable horizons for efficient exploration.

Historical drilling of 7,857 meters has delineated zones with significant grades, including a historical mineral inventory of 260,000 tons at 195 g/t silver and 5.25 percent lead-zinc in the Main Zone². Historical assays from quartz veins report gold grades up to 17.9 g/t gold, emphasizing the property’s epithermal gold potential.

Proximity to the Hope Brook gold deposit, which holds an indicated resource of 5.5 Mt at 4.77 g/t gold³, further underscores the potential of Strickland. Upcoming exploration activities include advanced geophysical surveys, trenching and targeted drilling to define and expand the resource base.

²The resource inventories described are considered ‘historical’ in nature as defined by National Instrument 43-101, and do not conform to CIM Resource Classification Definitions.The historical estimate was reported by D.R. Prince in a 1981 Falconbridge Nickel Mines Ltd. report entitled “Summary of Work Performed from 1977 to 1980 on the Strickland-Porter Fee Simple Property, Newfoundland”. A qualified person has not done sufficient work to classify the historical estimates of the Strickland Deposit as current mineral resources. As a result, Anteros Metals Incorporated is not treating these historical estimates as current mineral resource estimates, but believes that these historic results provide an indication of the potential of the property and are relevant from a continuing exploration perspective.

³Cullen, M.,Harrington, M. and Burke, J. (2021): NI 43-101 Technical Report for the Hope Brook Gold Project, Newfoundland and Labrador Canada. Prepared for Big Ridge Gold Corp. Effective date April 6th, 2021.

Hopedale

Anteros Metals Hopedale project

Located in Labrador, 80 km south of the world-class Voisey’s Bay Mine, the Hopedale property targets magmatic nickel-copper-cobalt mineralization within the Churchill-Nain Suture Zone. The project spans 20 square kilometers and features troctolitic rocks intruded by northeast-trending gabbro dykes, a geological setting favorable for disseminated nickel-copper-cobalt mineralization.

Hopedale’s historical stream sediment sampling programs identified unexplained geochemical anomalies, with elevated nickel, copper and cobalt values near untested electromagnetic conductors. This project represents a significant greenfield exploration opportunity. Future exploration will focus on high-resolution geophysical surveys and drilling programs to evaluate these anomalies. Hopedale’s proximity to Voisey’s Bay and its favorable geological setting position it as a high-potential greenfield project for critical minerals essential to the clean energy transition.

Leadership Team

Trumbull Fisher – CEO

A seasoned professional with 17 years of experience in mining and capital markets, Trumbull Fisher has successfully led multiple resource companies and brings a wealth of expertise in project generation and financing. Fisher has grown both private and public resource companies in roles as chairman, president, board member and advisor. Fisher holds a BA from Carlton University.

Alan Rootenberg – CFO

With over 35 years in corporate finance, Alan Rootenberg’s extensive knowledge ensures Anteros maintains its strong financial foundation. Rootenberg holds a CPA, CA designation and has extensive experience in mineral and oil and gas exploration, serving as chief executive officer, chief financial officer and director to publicly listed companies.

Bill Kennedy – Director

Bill Kennedy is a second-generation prospector with 12 years of experience in exploration-centric business operations and development in Newfoundland and Labrador, and has over 20 years of experience in information technologies. Blending his passion for tech and mining, Kennedy continues to pioneer data science systems for mineral target vectorization.

Wesley Keats – Director

With an extensive background in mining and exploration, including global experience in seven countries, Wes Keats has 22 years of experience in the metals industry, having worked privately for major and junior mining companies. He is a fourth-generation prospector in Newfoundland and a current partner of Newfoundland based exploration services and mining development company Planet X. Keats was the co-recipient of the PDAC Bill Dennis award for significant contributions made towards a Canadian discovery.

Chris Morrison – Director

Chris Morrison has experience in the operation of multiple corporations, mining sector marketing and communications, and capital markets. Morrison is the marketing manager for Planet X Exploration and multiple public client companies, and the principal of SJ AV Studio – a digital multimedia audio/visual production facility focused on mining sector press and marketing material curation and distribution.

This post appeared first on investingnews.com

The U.S. Postal Service has agreed to resume accepting shipments from China, less than 12 hours after announcing it would stop doing so.

‘Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts,’ it said in an updated statement Wednesday morning. ‘The USPS and Customs and Border Protection are working closely together to implement an efficient collection mechanism for the new China tariffs to ensure the least disruption to package delivery.’

The Postal Service had earlier announced it would stop accepting packages from China, as well as Hong Kong, in the wake of the Trump administration’s decision to impose a new round of 10% tariffs on all goods coming from the country.

Letters and flats were not affected by the initial announcement. While the Postal Service did not offer an explanation for the shipment halt, Trump ended a so-called ‘de minimis’ exemption for Chinese goods worth less than $800 in making the tariff announcement.

A Chinese Foreign Ministry spokesperson had earlier said China would take “necessary measures” to protect its companies, The Associated Press reported — urging the U.S. to “stop politicizing economic and trade issues and using them as a tool, and to stop unreasonably suppressing Chinese companies.”

CORRECTION (Feb. 5, 2025, 10:35 a.m. ET): A previous version of this article misstated when the Postal Service announced it would resume accepting shipments from China. The move came 12 hours after it stopped doing so, not 24.

This post appeared first on NBC NEWS

Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.

The company’s streaming business reported another quarter of profitability despite a 1% decline in subscribers for Disney+, the company’s flagship service. While domestic subscriptions for the platform increased around 1%, international numbers declined around 2%. 

Disney warned during its fiscal fourth-quarter report in November that it expected a “modest decline” in subscriptions during the December period. Disney told investors Wednesday that it expects another “modest decline” in subscribers during the second quarter. 

Total paid Disney+ subscriptions stand at 124.6 million, compared to 125.3 million at the end of the company’s fiscal fourth quarter. Total Hulu subscriptions rose 3% during the period to 53.6 million.

The slowdown in streaming subscriber growth follows an increase in prices for its services last year. Disney+’s average monthly revenue per paid subscriber increased roughly 4% to $7.99 due to those price hikes, the company said.

Disney’s stock was up about 2% in premarket trading.

Here is what Disney reported for the period ended December 28 compared with what Wall Street expected, according to LSEG

Disney’s net income increased nearly 23% to $2.64 billion, or $1.40 per share, from $2.15 billion or $1.04 per share, during the same quarter last year. Adjusting for one-time items including restructuring charges and impairments related to intangible Hulu assets, Disney reported adjusted earnings of $1.76 per share. 

Revenue increased 4.8% to $24.69 billion compared to $23.55 billion in the year-earlier period.

The company saw revenue gains across the board for its entertainment, sports and experience segments. 

Its entertainment division saw a 9% jump in revenue, reaching $10.87 billion. Operating income for the unit, which includes its direct-to-consumer, linear and content sales businesses, increased 95% to $1.7 billion during the quarter thanks to higher content sales and licensing. Linear continued to drag on overall results. 

Still, CEO Bob Iger remained positive on Wednesday’s call with investors when it came to the linear TV business, echoing similar comments made in November’s earnings call.

“They are not a burden at all. They are actually an asset,” Iger said Wednesday, noting that Disney is programming and funding the networks so they can feed into streaming.

While he said he wouldn’t rule out the possibility of changes to the TV networks in the future, he said that wouldn’t be now.

“We actually feel good about the hand that we have and the manner in which we’re managing both the linear and streaming businesses across the board,” Iger said.

Disney’s box office success helped lift the company’s results during the quarter.

The debut of “Moana 2” over Thanksgiving weekend helped push the box office to new heights. The animated sequel was still going strong at the box office through the new year, topping $1 billion during the Martin Luther King Jr. Day weekend. The company noted Wednesday its content sales/licensing and other operating income got a boost from “Moana 2.”

Overall, Disney dominated the box office in 2024, with the help of other films like Marvel’s “Deadpool & Wolverine” and Pixar’s “Inside Out 2.”

The company said it expects double-digit growth in operating income for the entertainment segment in fiscal 2025, with an increase in direct-to-consumer operating income of around $875 million.

Over at its experiences business, which includes parks, cruises and resorts as well as consumer products, revenue rose 3% during the quarter to $9.42 billion. 

Domestic theme park revenue accounted for 68% of the division’s total, or $6.43 billion. While that revenue marked a 2% improvement over the same quarter last year, the combination of Hurricanes Milton and Helene coupled with declines in attendance and investments in Disney’s fleet of cruise ships weighed on domestic operating income. 

The experiences division posted a 5% decline in domestic theme park operating income for the quarter, at $1.98 billion. 

Disney expects its experience segment to see operating income growth of between 6% and 8% in fiscal 2025.

Theme parks in the U.S. have recently experienced a slowdown in foot traffic following the post-Covid surge in attendance.

Disney CFO Hugh Johnston said Wednesday on CNBC’s “Squawk Box” that the experiences segment performed better than expected for the fiscal quarter.

“In fact, the consumer is a bit stronger than we would have expected,” Johnston said Wednesday. “I think what we’re seeing is consumers are just very value focused, and you deliver value to them, they’re willing to pay the price for it.”

Disney’s parks recently turned a record revenue and profit, even as the company has raised prices for its destinations. The company is in the midst of a 10-year, $60 billion investment in the segment.

In sports, Disney’s ESPN reported revenue growth of 8% year over year, reaching $4.81 billion, and operating income that was up 15% from the prior-year period to $228 million. 

The company expects operating income for its overall sports segment, which houses ESPN as well as Star India, to grow 13% in fiscal 2025.

Disney said on Wednesday that its sports segment operating incoming for the fiscal second quarter would be “adversely impacted” by about $100 million related to the shifting of three College Football Playoff games from the first quarter into the second quarter as well as an additional NFL game during the period.

This fall Disney’s networks broadcasted the entirety of the Southeastern Conference college football schedule.

Disney’s broadcaster ABC averaged 5.8 million viewers for 46 regular season college football games, which was a 56% year-over-year increase, Disney executives noted in a commentary release on Wednesday. The recent college football season helped lift Disney’s advertising revenue this past season.

Meanwhile, Disney also said that guidance for unit operating income includes a roughly $50 million hit tied to its exit from the Venu sports joint venture. Disney and its joint venture partners, Warner Bros. Discovery and Fox, called off their efforts to move forward with Venu, which was supposed to be a streaming app that included all of the live sports from its parent companies.

The change in strategy came after legal headaches that halted the launch of Venu last fall.

The rise of skinny bundles — traditional pay TV distributors’ slimmed-down offerings focused on sports and news networks — were a contributing factor, too. Iger said on Wednesday’s call with investors that Venu “basically looked redundant to us,” next to skinny bundle offerings.

As a result of the Venu stoppage, Fox on Tuesday announced it would move forward with its own streaming service after years of staying largely on the sidelines of the direct-to-consumer streaming game. Fox executives also noted that skinny bundles would benefit its portfolio of networks.

Disney has been looking into various ways to grow its streaming options, from merging its apps into Disney+ to exploring different options for ESPN, such as Venu.

The company also plans to launch its own direct-to-consumer streaming app for ESPN this fall, which has been the priority, company executives said Wednesday.

“We’re obviously leaning into the development of what is now called ‘Flagship,’ which is essentially ESPN with multiple, mulitple elements to it,” Iger said Wednesday, noting sports betting and consumers’ ability to customize the platforms to their preferences.

Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.

This post appeared first on NBC NEWS

Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned into a headache for NASA.

The Starliner program reported charges of $523 million for 2024 — its largest single-year loss to date — Boeing reported in a filing on Monday. The company noted that Starliner is under a fixed-price contract from NASA, so “there is ongoing risk that similar losses may have to be recognized in future periods.”

Since 2014, when NASA awarded Boeing with a nearly $5 billion fixed-price contract to develop Starliner, the company has recorded losses on the program almost every year.

Boeing’s program competes with Elon Musk’s SpaceX, which has flown 10 crew missions for NASA and counting on its Dragon capsules.

Last summer, Boeing’s first crew flight went awry after part of the capsule’s propulsion system malfunctioned. While Starliner delivered astronauts Butch Wilmore and Suni Williams to the International Space Station, NASA made the decision to bring Starliner back empty and use SpaceX to return the crew early this year — an agency choice that recently became politicized.

Neither Boeing nor NASA have provided details on how or when they plan to resolve the Starliner propulsion issue.

Boeing last week confirmed that Starliner Vice President Mark Nappi was leaving his role, Reuters reported, with the company’s ISS program manager John Mulholland named as his replacement. Mullholland previously led the Starliner program from 2011 to 2020.

Nearly four months ago, NASA said it was keeping “windows of opportunity for a potential Starliner flight in 2025,” but scheduled SpaceX to fly both its crews on missions launching in spring and late summer. NASA then specified that “the timing and configuration of Starliner’s next flight will be determined once a better understanding of Boeing’s path to system certification is established.”

The agency has not given an update on Starliner since making those comments in October.

This post appeared first on NBC NEWS

White House press secretary Karoline Leavitt slammed Democrats Wednesday for their criticism of the Department of Government Efficiency (DOGE), calling it ‘unacceptable’ and ‘incredibly alarming.’ 

‘Some elected Democrats are so steamed about DOGE – Congresswoman LaMonica McIver says we are at war. Ilhan Omar says we might actually see somebody get killed. And Chris Van Hollen says we have to fight this in the Congress, we have to fight this in the streets. So what now?’ Leavitt was asked by Fox News’ senior White House correspondent Peter Doocy. 

‘It’s unacceptable, the comments that have been made by these Democrat leaders, and frankly, they don’t even know what they’re talking about, because President Trump was elected with a mandate from the American people to make this government more efficient,’ Leavitt responded. 

‘He campaigned across this country with Elon Musk vowing that Elon was going to head up the Department of Government Efficiency and the two of them with a great team around them were going to look at the receipts of this federal government and ensure it’s accountable to American taxpayers. That’s all that is happening here,’ Leavitt continued. ‘And for Democrat officials to incite violence and encourage Americans to take to the streets, is incredibly alarming, and they should be held accountable for that rhetoric.’ 

Leavitt also said during her daily White House press briefing, ‘If you heard that type of violent, enticing rhetoric from our side of the aisle, from Republican leaders on Capitol Hill, I think there would be a lot more outrage in this room today.’ 

On Tuesday, Sen. Chris Van Hollen, D-Md., said, ‘What we are witnessing here is the biggest heist in American history.’ 

‘This is the most corrupt bargain we’ve ever seen in American history: Elon Musk gives $250 million to elect Donald Trump, and Donald Trump turns over the keys to United States government to Elon Musk and his billionaire friends and his cronies,’ Van Hollen said during a protest outside the Treasury Department in Washington, D.C. 

‘Are we going to let that stand? Hell no, we are not going to let that stand,’ Van Hollen added, later vowing, ‘We have to fight this in the courts, we have to fight this in the Congress, we have to fight this in the streets. We need to fight this all over America.’ 

‘Shut down the city! We are at war!’ Rep. LaMonica McIver, D-N.J., shouted into a microphone. 

On Monday morning, hundreds of employees for the U.S. Agency for International Development (USAID) reported they were locked out of the agency’s computer system and that its headquarters in Washington, D.C., was closed on Monday.  

The agency’s fate is hanging in the balance as DOGE is working on an apparent overhaul of the agency. 

‘The level of disrespect actually is criminal because there are crisis response teams that are around the world that really rely on having access to their emails – having access to apps that they can utilize if there’s danger to them,’ Rep. Ilhan Omar, D-Minn., told MSNBC, according to The Hill. ‘All of those accesses are cut off.’  

‘So we might actually see somebody get killed. An American who works for the American government might be harmed in some of those countries that they’re operating in,’ she reportedly added. 

Fox News’ Emma Colton and Louis Casiano contributed to this report. 

This post appeared first on FOX NEWS

: The Senate will look to beat House Republicans to the punch next week on plans to enact President Donald Trump’s agenda via the budget reconciliation process.

Ahead of a weekly lunch meeting hosted by Senate Steering Committee Chairman Rick Scott, R-Fla., a plan was unveiled by Senate Budget Committee Chairman Lindsey Graham, R-S.C., to push for a committee vote next week on a first bill, with plans for an additional reconciliation bill later in the year, a Senate Republican source told Fox News Digital. 

The first bill would include Trump’s priorities for border security, fossil fuel energy and national defense. The second bill would focus on extending Trump’s tax policies from the Tax Cuts and Jobs Act (TCJA).

Senior White House staffers were also present at the Wednesday lunch, the source said.

It comes amid some infighting within the House GOP about what level of spending cuts to seek in order to offset the costs of Trump’s priorities. An expected vote this week to advance a resolution through the House Budget Committee is now likely poised for next week as well.

The first step in the reconciliation process is marking up and advancing a bill through the Senate and House budget committees.

House leaders had intended to make the first move in the process. The Senate passing their own bill first, however, would essentially force the lower chamber to contend with whatever product comes from the other side of Capitol Hill rather than start from a position of their own choosing.

It would also shift gears to a two-pronged reconciliation bill blueprint, something opposed by the House Ways & Means Committee and House GOP leaders.

Proponents of the one-bill approach are concerned about leaving Trump’s tax cuts, which expire at the end of this year, on the back burner. House Ways & Means Committee Chairman Jason Smith, R-Mo., previously referenced the fact that Republicans have not passed two reconciliation bills in one year since the 1990s, when they had a much larger majority.

Trump has said he prefers ‘one big, beautiful bill,’ but would be open to two.

Graham has notably been liaising with the House Freedom Caucus leaders on the subject all week, two sources told Fox News Digital. The caucus has preferred a two-pronged approach, in line with many Senate Republicans. 

By lowering the threshold for Senate passage from 60 votes to 51 out of 100, reconciliation allows the party in power to skirt its opposition to advance its agenda – provided the items included relate to budgetary and other fiscal matters. The House of Representatives already has a simple majority threshold.

But with razor-thin margins in the House and Senate, Republicans can afford precious little dissent to still get their priorities over the finish line.

Spending hawks on the House Budget Committee had balked at multiple offers by GOP leaders on a ‘floor’ for cutting back federal funding, calling for the baseline to be set at least at $2 trillion.

They’re also seeking assurances that House GOP leaders have a firm plan in place for those cuts.

Multiple House Republicans leaving their Wednesday morning conference meeting signaled they were growing anxious about the Senate jamming them with their own reconciliation bill.

‘I think there’s a lot of frustration right now,’ one House GOP lawmaker said. ‘There’s some concern now that if we don’t move forward with something soon, that the Senate is going to jam us.’

‘What we’re worried about is losing the opportunity. I think we’re more likely to cut than they are,’ a second GOP lawmaker said.

Johnson brushed off concerns that the Senate will act first in comments to reporters earlier this week, maintaining the House will take the initial step.

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The Senate chair of the DOGE Caucus is exposing a ‘demonstrated pattern of obstructionism’ at the U.S.’ top aid agency in a letter to Secretary of State Marco Rubio.

Sen. Joni Ernst, R-Iowa, outlined how the U.S. Agency for International Development (USAID) has been ‘stonewalling’ her office for years as she sought documents to ensure taxpayer dollars weren’t wasted at the agency, which is now under the microscope of billionaire Elon Musk’s Department of Government Efficiency (DOGE). 

‘USAID’s spending shows a blatant disregard for the wishes of American taxpayers, and it is time to disrupt the system,’ Ernst told Fox News Digital. ‘The agency has been wasting millions of tax dollars on things like tourism in Lebanon, Sesame Street in Iraq, sending Ukrainians to Paris Fashion Week and so much more.’

In one instance, the Iowa Republican claims USAID misled her staff to believe that details about funds going to businesses in Ukraine were classified, funds that in some instances were used for travel to fashion shows and film festivals. 

In 2024, after months of delays, USAID finally agreed to offer Ernst’s staff a review of recipients of taxpayer-funded assistance to businesses in Ukraine, according to the letter. 

But the agency insisted the documents be reviewed in a sensitive compartmented information facility (SCIF), suggesting the records would be classified. 

‘These requirements were all presented to my staff under the false pretense that this data was classified,’ Ernst wrote to Rubio. ‘Only after demanding to speak to your USAID Office of Security, my staff uncovered that this data was, in fact, unclassified.’

Ernst said that based on her staff’s review, it appears that over 5,000 Ukrainian businesses received U.S. taxpayer-funded assistance, with awards of up to $2 million each. 

That trade assistance was in some instances used to bankroll business owners attending glamorous film festivals and fashion shows in cities like Berlin, Paris and Las Vegas. 

She also accused the agency of ‘misleading’ her office on the costs of indirect aid. Negotiated indirect cost agreements (NICRA) allowed contractors to use more than 25 percent of the total award on costs like ‘rent for a partner’s corporate headquarters, advocacy costs, and other miscellaneous expenses.’

READ ERNST’S LETTER BELOW. APP USERS: CLICK HERE

Ernst said her staff reached out in November 2022 asking USAID for information on NICRAs with grant recipients. The agency responded, ‘USAID does not have a system to track or report on this data, as it is not possible to compare indirect costs between for-profit and nonprofit organizations,’ according to Ernst. 

In February 2023, Ernst followed up with a link to a publicly reported NICRA database that USAID confirmed does exist.

The agency then said that it ‘protects the confidential business information of its implementing partners, including NICRAs… outside the scope of a formal oversight request by a committee of jurisdiction.’

Then, Ernst partnered with former House Foreign Affairs Chairman Michael McCaul to give USAID the request from a ‘committee of jurisdiction.’ 

‘Even then, USAID refused to permit my staff to acquire the documents or take substantive notes on the NICRA rates. The lack of transparency was alarming because the NICRA rates far exceeded staff’s expected range of indirect costs allowed.’

Ernst said: ‘In the wake of this series of significant misjudgments and oversight obstruction by USAID, it is of the utmost importance to conduct a full and independent analysis of the recipients of USAID assistance.’

She also pointed to Chemonics, a government contractor that USAID’s inspector general found over-billed the U.S. government by $270 million through fiscal year 2019. Chemonics led a $9.5 billion USAID project to improve global health supply chains that, ‘led to 41 arrests and 31 indictments related to illicit resale of USAID funded commodities on the black market, and fueled ongoing allegations that Chemonics falsely portrays its projects’ outcomes to secure future contracts with USAID,’ Ernst wrote. 

‘No more stonewalling,’ said Ernst. ‘We need to scrutinize every last dollar being spent by this rogue agency.’

In a notice posted on its website Tuesday night, USAID announced that all direct hire staff would be placed on leave globally, except for designated personnel responsible for mission-critical functions, core leadership and specially designated programs. 

The Trump administration is now exploring merging the agency with the State Department and Rubio has been appointed its acting director. 

Rubio told reporters in El Salvador the ‘functions of USAID’ must align with foreign policy and called it a ‘a completely unresponsive agency.’

Democratic lawmakers, meanwhile, staged a protest outside the USAID headquarters on Tuesday, arguing that the agency is essential for flexing U.S. soft power throughout the world, preventing and monitoring disease outbreaks, and safeguarding U.S. national security.

‘USAID is the backbone of America’s soft power, helping to stabilize fragile regions and protect U.S. interests abroad,’ said Reps. Greg Meeks, top Democrat on the Foreign Affairs Committee, and Sara Jacobs,Calif., top Democrat on the Africa subcommittee. 

‘Weakening it will fuel global crises, endanger American security, embolden other nations like China and Russia, and leave the Trump Administration solely responsible for the fallout.’ 

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The hostages held by Hamas since Oct. 7, 2023 are starting to come home, and it’s been a cause for celebration in Israel. Even before the inauguration, the Trump administration took the reins of driving a hostage deal and keeping pressure on the parties to keep the releases on schedule. For that, they have the gratitude of an entire nation.

But there is much work left to do.

My son, Itay, a U.S. citizen, was not on the list of those being released in the first phase of the deal. With the posturing and public statements from both sides claiming victory, coupled with the uncertainty surrounding the second phase of the deal, many hostage families like mine are concerned that it could collapse.

After nearly 500 days, all of the hostages’ families pray for a framework with a clear, detailed process regarding how every last hostage, dead or alive, would be released. We rejoice with the families of the hostages but are also envious, asking when will we be reunited with our family members?

Even today, after the deal has been partially implemented, there is still doubt that the deal will come to fruition. Over 30 hostages have been murdered in captivity since Oct. 7, and the bodies of the deceased hostages, set to be returned only in the subsequent phases of the deal, may be lost forever. No family deserves to live without a place to mourn their loved ones.

Because President Trump is a skilled dealmaker and has appointed people with similar skillsets, such as Middle East Envoy Steve Witkoff, I would like to provide my thoughts in business terms on the pathway to seal the Deal of the Century.

Before becoming the father of a U.S. hostage, I worked as a mergers and acquisitions dealmaker, and indeed, I find the current situation highly similar to the M&A process. In an acquisition, two sides negotiate for an extensive period of time to reach the first phase of the deal, commonly known as the signing date. The signing date details how the parties will continue to negotiate to get to the ‘closing’ date in good faith and delineates the valuable assets needed to be held in escrow to ensure that such a deal is indeed reached. Similarly, it is imperative that the U.S. and Qatar negotiators demand that both sides put valuable assets into ‘escrow’ and constantly create new leverage points so that failing to finalize the deal would be too costly for either side.

President Trump has been involved in numerous complicated real estate transactions and has almost always got the deal done. He understands these dynamics all too well and thus, is perfectly suited to this job. His understanding of deal dynamics has been critical to the initial hostage release. Now is the time for President Trump to continue to clear the table and release all of the hostages to enable him to focus on the main goal: the Deal of the Century.

I believe the Deal of the Century, comprising of normalization in the Middle East, can and must be struck before the window of opportunity for long-term regional stability is closed yet again. President Trump invited Prime Minister Benjamin Netanyahu to the White House this week as the first foreign leader to the White House. I trust President Trump has a new game plan in place to create the Deal of the Century that will lead to long-term stability in the Middle East and release the remaining hostages, including six U.S. citizens.

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