Sarama Resources (SRR:AU) has announced Q1 2025 Management’s Discussion and Analysis
Download the PDF here.
Sarama Resources (SRR:AU) has announced Q1 2025 Management’s Discussion and Analysis
Download the PDF here.
The US and China agreed on Monday (May 12) to pause the majority of their tariffs for a period of 90 days, marking a significant de-escalation in trade tensions between the two countries.
The US will reduce its tariffs on most Chinese goods from 145 percent to 30 percent; meanwhile, China will lower its tariffs on US goods by a similar amount, dropping them from 125 percent to 10 percent.
In addition to the suspension of tariffs, a number of non-tariff measures will be suspended or reversed. These include removing rare earths export restrictions and taking some US tech and defense firms off trade blacklists.
The US will maintain a 20 percent tariff geared at pressuring China to curb the flow of fentanyl to the US. The other 10 percent is the baseline levy that the US has imposed on imports from most nations.
The Trump administration also said the lower tariff rate won’t apply to automobiles, steel and aluminum.
The deal is expected to bring a resumption of shipments to west coast port cities like Los Angeles and Seattle. Recent data indicates a significant reduction in activity as tariffs have pushed the price of goods beyond what many importers can afford. Port activity has dropped to levels not seen since the COVID-19 pandemic disrupted global supply chains.
Although the tariff pause is only temporary, the 90 day break will give the countries time to negotiate a more permanent deal and mitigate a growing trade war that began shortly after Donald Trump assumed the presidency in January.
‘Now, while the 90-day pause is a big step towards easing tensions, it’s crucial to remember that it doesn’t guarantee a complete resolution of the trade war,’ he explained.
‘Once those 90 days are up, everyone will be keeping a close eye on what happens next, especially the results of ongoing negotiations and whether the tariffs will be permanently cut or brought back.’
Market response was mixed on Tuesday (May 13), with the S&P 500 (INDEXSP:INX) jumping 0.9 percent to reach 5,896 points in morning trading and the Nasdaq-100 (INDEXNASDAQ:NDX) surging 1.75 percent to 21,231 points. The Dow Jones Industrial Average (INDEXDJX:.DJI) went the opposite direction, shedding a half percent to 42,216 basis points.
The gold price fell as low as US$3,208.80 per ounce on Monday, a drop of more than US$100 compared to last week’s closing price. It regained some ground on Tuesday and was trading in the US$3,250 range by 1:00 p.m EDT.
The silver price also saw an immediate decline on Monday, but was trading in the US$33 per ounce range on Tuesday.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Bitcoin is prone to price volatility, with wide swings to the upside and downside, making it difficult for investors to know when the right time to buy the top crypto is.
There has been renewed interest in cryptocurrencies following the election of US President Donald Trump, leading the Bitcoin price to soar to new heights in late 2024, as investors and other industry insiders speculated on how the Trump administration’s policies could grow the sector and encourage mainstream adoption.
Trump ran on a platform that promised to make the US the Bitcoin capital of the world, vowing to establish a national reserve for the asset, and several states have already introduced legislation to create similar reserves within their borders.
The price of Bitcoin pulled back to under US$100,000 in February 2025 and fell as low as US$75,000 by April 9, marking a strong buying opportunity for crypto investors. Bitcoin has since rebounded, and on May 9 topped US$100,000 for the first time since early February.
Meanwhile, institutions and businesses like Michael Saylor’s Strategy have continued to buy Bitcoin by the millions, and spot Bitcoin exchange-traded funds (ETFs) remain popular.
This surge of interest paints a bullish picture of Bitcoin’s continued growth. However, buying Bitcoin isn’t a simple decision. Read on to learn the basics of Bitcoin fundamentals, price forecasts and methods for determining if now’s the right time to buy Bitcoin, including several popular technical trading indicators you should know.
Before you decide if Bitcoin is a good investment for you, you need to understand Bitcoin and the wider crypto market.
Bitcoin was the world’s first cryptocurrency, created in January 2009 by the mysterious Satoshi Nakamoto.
Conceived as a virtual alternative to fiat currency, Bitcoin is built atop blockchain technology, which it uses for both validation and security. Blockchain itself is a distributed digital ledger of transactions, operating through a combination of private keys, public keys and network consensus.
The best analogy to explain how this works in practice involves Google Docs. Imagine a document that’s shared with a group of collaborators. Everyone has access to the same document, and each collaborator can see the edits other collaborators have made. If anyone makes an edit that the other collaborators don’t approve of, they can roll it back.
Going back to Bitcoin, the virtual currency primarily validates transactions through proof of work. Also known as Bitcoin mining, this competitive and incredibly resource-intensive process is the means by which new Bitcoins are generated.
How it works is deceptively simple. Each Bitcoin transaction adds a new ‘block’ to the ledger, identified by a 64-digit encrypted hexadecimal number known as a hash. Each block uses the block immediately preceding it to generate its hash, creating a ledger that theoretically cannot be tampered with. Bitcoin miners collectively attempt to guess the encrypted hex code for each new block — whoever correctly identifies the hash then validates the transaction and receives a small amount of Bitcoins as a reward.
From an investment perspective, Bitcoin toes the line between being a medium of exchange and a speculative digital asset. It also lacks any central governing body to regulate its distribution. As one might expect, these factors together make Bitcoin quite volatile, and therefore somewhat risky as an investment target.
As for the source of this volatility, Bitcoin’s value is primarily influenced by five factors.
It’s widely known that no more than 21 million Bitcoins can be produced, and that’s unlikely to happen before 2140.
Only a certain number of Bitcoins are released each year, and this rate is reduced every four years by halving the reward for Bitcoin mining. The last of these ‘halvings’ occurred in April 2024 and the next one is due sometime in 2028. When it happens, there may be a significant increase in Bitcoin demand, largely driven by media coverage and investor interest.
Bitcoin demand is also strengthening in countries experiencing currency devaluation and high inflation.
It would be remiss not to mention that Bitcoin represents an ideal mechanism for supporting illicit activities — meaning that increasing cybercrime could itself be a demand driver.
It’s said that Bitcoin benefits from minimal production costs. This isn’t exactly true, however. Solving even a single hash requires immense processing power, and it’s believed that crypto mining collectively uses more electricity than some small countries. It’s also believed that miners were largely responsible for the chip shortage experienced throughout the pandemic due to buying and burning out vast quantities of graphics cards.
These costs together have only a minimal influence on Bitcoin’s overall value. The complexity of Bitcoin’s hashing algorithms and the fact that they can vary wildly in complexity are far more impactful.
Bitcoin’s cryptocurrency market share has sharply declined over the years. In 2017, it maintained a market share of over 80 percent. Bitcoin’s current market share is just over 60 percent.
Despite that fall, Bitcoin remains the dominant force in the cryptocurrency market and is the marker by which many other cryptocurrencies determine their value. However, there is no guarantee that this will always remain the case. There are now scores of Bitcoin alternatives, known collectively as altcoins, which you can learn more about here.
The most significant alternative to Bitcoin is Ethereum. Currently accounting for roughly 10 percent of the crypto market, Ethereum has long maintained its position as the second largest cryptocurrency. Some experts have suggested that Ethereum may even overtake Bitcoin, but others don’t see that as a possibility in the near future.
Bitcoin may itself be unregulated, but it is not immune to the effects of government legislation. For instance, China’s 2021 ban of the cryptocurrency caused a sharp price drop, though it quickly rallied in the following months. The European Union has also attempted to ban Bitcoin in the past, and Nic Carter, a partner at Castle Venture, accused the US of trying to do the same in February 2023.
There has been plenty of discussion surrounding the role of the US Securities and Exchange Commission (SEC) in regulating Bitcoin and other crypto as investment assets. The US made progress in establishing crypto legislation in 2024 when the House passed the Financial Innovation and Technology for the 21st Century (FIT21) Act in a bipartisan 279 to 136 vote on May 22 of last year. While that act has yet to make further progress, the new Trump administration has already loosened some crypto regulation with regards to crypto reporting for banks and decentralized finance businesses.
As with any speculative commodity, Bitcoin is greatly influenced by the court of public opinion.
Perhaps the best example of this occurred in 2021. At that time, a tweet from Tesla’s (NASDAQ:TSLA) Elon Musk caused Bitcoin’s price to drop by 30 percent in a single day. This also wiped about US$365 billion off the cryptocurrency market.
A more recent example occurred on January 9, 2024, leading up to the deadline for eight spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC). In a since-deleted post on X, formerly known as Twitter, a hacker falsely stated that the SEC had approved all eight pending Bitcoin ETFs. This caused the price of Bitcoin to spike to US$48,000, but it quickly dropped back down to around US$46,000 after the SEC confirmed it was a hack, leading some analysts to consider it a ‘sell-the-news’ event.
The current US administration is crypto friendly, and Bitcoin and altcoins are seeing support in 2025. Could they go even higher, or should you wait for a dip to buy? Bitcoin is notoriously volatile, which can make it difficult to judge where the crypto is going next, but there are several strategies to help investors decide when to invest.
To determine if it is a good time to invest in Bitcoin, investors should pay attention to the market and listen to the experts, as generally speaking, Bitcoin’s price action is sentiment-driven. To keep on top of big news in the sector, follow our frequent Crypto Market Updates, which drop several times a week.
There are also different technical indicators that crypto traders use to help them decide if now is the time to buy or sell Bitcoin. We run through some popular indicators below.
For example, the Relative Strength Index (RSI) is a technical indicator used to gauge the momentum of a cryptocurrency’s price. It fluctuates on a scale from 0 to 100. By analyzing the magnitude of recent price changes relative to the previous 12-month period, the RSI helps traders identify whether a cryptocurrency is potentially overbought or oversold. An RSI above 70 often signals an overbought market, while an RSI below 30 suggests an oversold market.
Another metric to consider is the MVRV Z-score, calculated by subtracting the ‘realized’ value of Bitcoin, which is an average of the prices at which each Bitcoin was last moved, from the current market value. This is then divided by the standard deviation of the Bitcoin market cap.
This indicator helps identify when market value deviates strongly from realized value, which could show the market is at a turning point. A score above 7 likely indicates that Bitcoin is overvalued, meaning it could be due for a correction, while a score below 0 suggests that Bitcoin is undervalued, meaning it could be a good buying opportunity.
Finally, to gauge the overall market sentiment, investors can look at the Fear & Greed Index. This index provides a snapshot of how optimistic or fearful the market is about Bitcoin, with high readings potentially signaling overenthusiasm and a possible correction.
While it’s useful to learn these technical indicators to help you trade, it is important to remember that there’s no such thing as a guaranteed investment, especially when it comes to cryptocurrencies. On the one hand, there’s virtually no chance that Bitcoin will experience a crash to zero. On the other hand, we also cannot take for granted that its value will continue to climb.
For those considering Bitcoin as a long-term investment, it’s worth considering experts’ thoughts on Bitcoin in the future.
Veteran analyst Peter Brandt said in February 2024 that if Bitcoin could break past its previous high, the cryptocurrency could easily reach a new record of US$200,000 by September 2025.
Only two weeks after the interview, Bitcoin surpassed the US$72,000 mark in the early hours of March 11. On December 4, one month after the US presidential election, Bitcoin reached US$100,000 for the first time, an elusive target it has surpassed a handful of times since.
Not everyone is so optimistic about Bitcoin’s prospects. Pav Hundal, lead market analyst at Swyftx, has expressed concerns about Bitcoin’s future in the context of continued geopolitical upheaval and economic uncertainty.
Billionaire investor Warren Buffet, meanwhile, has not minced words regarding his opinion on Bitcoin and its future. According to Buffet, Bitcoin is an unproductive asset with no unique value. He also feels that it doesn’t count as a true currency — in fact, he called it “rat poison.” Moreover, he believes that the crypto market as a whole will end badly.
Regardless of whether you believe Bitcoin’s proponents or naysayers, it’s clear that it has some incredibly prominent backers in both the investment world and the wider business landscape. Business analytics platform Strategy (NASDAQ:MSTR) is by far the largest public company in the Bitcoin space, with 568,840 Bitcoin to its name as of May 13, 2025. The next three public companies with the largest Bitcoin holdings are Marathon Digital Holdings (NASDAQ:MARA) with 48,237 Bitcoin, Riot Platforms (NASDAQ:RIOT) with 19,211, Tesla with 11,509 and Hut 8 (NASDAQ:HUT) with 10,264.
The US, China and the United Kingdom hold the top three spots for countries with the most Bitcoin holdings, with 207,189, 194,000 and 61,000 Bitcoin respectively at that time.
There are also plenty of individuals with large holdings, the most significant of which is believed to be Bitcoin’s creator, Satoshi Nakamoto. Other prominent names include Michael Saylor, Cameron and Tyler Winklevoss and Tim Draper.
To help increase the odds of crypto being a good investment, investors in the Bitcoin market should learn the basics of safely investing in Bitcoin.
The good news is that investing in Bitcoin is actually quite simple. If you’re purchasing through a stockbroker, it’s a similar process to buying shares of a company. Otherwise, you may need to gather your personal information and bank account details. It’s recommended to secure your network with a VPN prior to performing any Bitcoin transactions.
The first step in purchasing Bitcoin is to join an exchange. Coinbase Global (NASDAQ:COIN) is one of the most popular, but there’s also Kraken and Bybit. If you’re an advanced trader outside the US, you might consider Bitfinex.
Once you’ve chosen an exchange, you’ll need a crypto wallet. Many first-time investors choose a software-based or ‘hot’ wallet either maintained by their chosen crypto exchange or operated by a service provider. While simpler to set up and more convenient overall, hot wallets tend to be less secure as they can be compromised by data breaches.
Another option is a ‘cold’ wallet — a specialized piece of hardware specifically designed to store cryptocurrency. It’s basically a purpose-built flash drive. If you plan to invest large amounts in crypto, a cold wallet is the better option.
Once you’ve acquired and configured your wallet, you may choose to connect either the wallet or your crypto exchange account to your bank account. This is not strictly necessary, and some seasoned investors don’t bother to do this.
Finally, with your wallet fully configured and your exchange account set up, it’s time to place your order.
The most important thing to remember about Bitcoin is that it is a high-risk asset. Treat Bitcoin as a means of slowly growing your existing wealth rather than an all-or-nothing gamble, and never invest money that you aren’t willing to lose..
As with other investments, it’s important to hedge your portfolio. Alongside Bitcoin, you may want to consider investing in other cryptocurrencies like Ethereum, or perhaps an altcoin. You may also want to explore other blockchain-based investments, given that even the most stable cryptocurrencies tend to be fairly volatile.
It’s also key to ignore the hype surrounding cryptocurrencies. Recall how many people whipped themselves into a frenzy over non-fungible tokens in 2022. More than 95 percent of the NFTs created during that time are now worthless.
Make decisions based on your own market research and advice from trusted — and more importantly, certified — professionals. If you’re putting up investment capital based on an influencer’s tweets, you are playing with fire.
You should also start small. A good rule of thumb is not to dedicate more than 10 percent of your overall capital to cryptocurrency. Even that number could be high — again, it’s all about moderation.
Make sure to prioritize cybersecurity as well. Cryptocurrencies are an immensely popular target for cybercriminals. In addition to maintaining a cold wallet, make sure you practice proper security hygiene. That means using a VPN and a password manager while also exercising mindfulness in how you browse the web and what you download.
Finally, make an effort to understand what cryptocurrencies are and how they work. One of the reasons Sam Bankman-Fried was able to run FTX as long as he did was because many of his investors didn’t fully understand what they were putting their money into. Don’t let yourself be fooled by buzzwords or lofty promises about Web3 and the metaverse.
Do your research into the technology behind it all. That way, you’ll be far better equipped to recognize when something is a sound investment versus a bottomless money pit.
Given Bitcoin’s volatility, it’s understandable that you might be leery of making a direct investment. The good news is that you don’t have to. You can indirectly invest into the crypto space through mutual funds, stocks and ETFs.
ETFs are a popular and flexible portfolio choice that allows investors to benefit from a sector’s performance without the need to directly own individual stocks or assets. They are an especially appealing option in the cryptocurrency market as the technical aspects of purchasing and holding these coins can be confusing and intimidating for the less technologically inclined.
Bitcoin futures ETFs provide exposure to the cryptocurrency’s price moves using Bitcoin futures contracts, which stipulate that two parties will exchange a specific amount of Bitcoins for a particular price on a predetermined date.
Conversely, spot Bitcoin ETFs aim to track the price of Bitcoin, and they do so by holding the asset. Spot Bitcoin ETFs have been offered to Canadians since 2021, and there are now 13 Canadian cryptocurrency ETFs you can buy. Spot Bitcoin ETFs began trading in the US on January 11, 2024. For investors interested in blockchain technology, there are also several blockchain ETFs.
Do a bit of research and touch base with your stockbroker or financial advisor before you go in this direction.
Bitcoin is a fascinating asset. Simultaneously a transactional tool and a speculative commodity, it’s attracted the attention of investors almost since it first hit the market. Unfortunately, it’s also incredibly volatile.
For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment. If that knowledge doesn’t bother you, then by all means, purchase away.
Otherwise, there are better — less volatile — options for your capital.
ARK Invest CEO Cathie Wood is extremely bullish on Bitcoin, telling Bloomberg in February 2023 that her firm believes the cryptocurrency could reach a value of US$1 million by 2030. A year later, Wood hiked her 2030 bitcoin price prediction astronomically to US$75 trillion.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Tartana Minerals (TAT:AU) has announced Director led financing and change of Chairman
Download the PDF here.
(TheNewswire)
May 13, 2025 – TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV: JZR) (OTCQB: JZRIF) (the ‘ Company ‘ or ‘ JZR ‘) wishes to provide an update on operations at Vila Nova Gold Project (the ‘ Vila Nova Project ‘ or the ‘ Property ‘) located in the state of Amapa, Brazil.
ECO Mining Oil & Gaz Drilling Exploration EIRELI (‘ ECO ‘), the operator of the Vila Nova Project, commissioned the design, manufacture and installation of a gravimetric mill on the Property capable of processing up to 800 tonnes per day. ECO has advised the Company that testing of the mill has been completed and that the mill is fully operational. ECO has further indicated that it expects that the mill will commence operating on a limited basis as technical personnel are currently being trained to operate the mill, and processing material is being transported to the mill site. The Company has been advised that the Vila Nova Project is fully permitted, at the State and Federal level.
The Company possesses a 50% net profit interest in all net profit generated from the Vila Nova Project pursuant to a Joint Venture Royalty Agreement with ECO dated July 6, 2020, as amended on January 9, 2023.
The Company is also pleased to announce that it has appointed Mr. Sonny Janda to the board of directors. Mr. Janda has been involved with and brings experience from notable positions with Canadian publicly traded companies. He is a director and Executive Chairman of Desert Gold Ventures Inc., a precious metal exploration and early development mining company. He is also a director of Sierra Grande Minerals Inc., a North American focused exploration company, and a director of Grand Peak Capital Corp.
Mr. Janda currently serves as CEO and Director of the Janda Group®, a diversified family-owned business. The Janda Group® develops various types of real estate assets including master-planned mixed-use communities, high density residential and agricultural projects. Mr. Janda earned a Bachelor’s Degree in economics from Simon Fraser University.
‘JZR’s board and management are very pleased to welcome Sonny Janda to the Company’s board of directors. Mr. Janda’s knowledge and experience will strengthen the board and assist in our growth.’, commented Robert Klenk, Chief Executive Officer of JZR.
For further information, please contact:
Robert Klenk
Chief Executive Officer
rob@jazzresources.ca
Forward-Looking Statements
This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward-looking statements in this news release include statements with respect to the anticipated start-up of the Mill and the planned commencement of bulk sampling on the Property. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Risks that could change or prevent these statements from coming to fruition include, but are not limited to, that ECO may not succeed in bringing the Mill into operation and that the Mill may not operate as anticipated, or at all; that any minerals which may exist on the Property may not be economically mined or processed, if at all; that ECO may not be able to obtain the necessary permits related to the Mill or the Property to enable it to explore for, or mine or process minerals; that ECO may not be able to raise additional or sufficient funds that may be necessary to develop the Property or bring the Mill into operation and to continue its operation; the availability, or lack thereof, of labour, equipment and markets to develop or sell any products derived from the Property; and general business, economic, competitive, geopolitical and social uncertainties and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking statements, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Copyright (c) 2025 TheNewswire – All rights reserved.
News Provided by TheNewsWire via QuoteMedia
President Donald Trump met with Syria’s interim President Ahmad al-Sharaa in Riyadh on Wednesday, a day after lifting all sanctions on Syria, marking a major shift in policy.
The last time a meeting between the two countries’ leadership was with former President Bill Clinton in 2000.
Trump met with al-Sharaa for an informal chat on the sidelines of the Gulf Cooperation Council, where he was set to address leaders as part of his four-day regional tour.
Trump stated at the summit this was a step toward peace and rebuilding relations with Syria’s government.
‘We are currently exploring normalizing relations with Syria’s new government, as you know, beginning with my meeting with President Ahmed Al-Shara and Secretary Rubio’s meeting with the Syrian Foreign Minister in Turkey after discussing the situation with Crown Prince Mohammed,’ Trump said at the broader summit.
‘I’m also ordering the cessation of sanctions against Syria to give them a fresh start. It gives them a chance for greatness. The sanctions were really crippling, very powerful,’ he said.
Syrians were seen and heard celebrating the announcement by Trump that he would move to lift sanctions on the beleaguered Middle Eastern nation.
A statement from Syria’s Foreign Ministry called the announcement ‘a pivotal turning point for the Syrian people as we seek to emerge from a long and painful chapter of war.’
Trump says he feels strongly that this new endeavor will give Syria a great chance at a fresh start.
‘I felt very strongly that this would give them a chance,’ said the president. ‘It’s not going to be easy anyway, so it gives them a good, strong chance. And it was my honor to do so, so we will be dropping all of the sanctions on Syria, which I think really is going to be a good thing.’
U.S. Secretary of State Marco Rubio is also scheduled to meet with his Syrian counterpart later in the week.
The House of Representatives’ tax-writing panel took a key step in advancing President Donald Trump’s tax agenda on Wednesday morning, finishing a marathon session that began with lawmakers entering a cavernous and chilly room in the Longworth House Office building just after 2 p.m. on Tuesday.
The House Ways & Means Committee advanced its portion of Trump’s ‘one big, beautiful bill,’ one of 11 committees working on the effort that will then be part of one massive piece of legislation.
It happened despite a barrage of protest amendments lobbed by Democratic lawmakers in a bid to slow proceedings down and make Republicans take politically tricky votes.
The Energy & Commerce Committee and the Ways & Means Committee both held meetings through the night to debate and advance key parts of Trump’s bill.
The former’s meeting is expected to go into Wednesday afternoon after beginning Tuesday at 2 p.m. The Ways & Means Committee advanced its portion early on Wednesday morning in a party-line 26 to 19 vote.
The House Agriculture Committee, another critical panel, began working on its portion on Tuesday evening and paused proceedings around midnight. That committee is expected to resume later Wednesday morning.
Democrats on each committee, meanwhile, have prepared a barrage of attacks and accusations against GOP lawmakers looking to gut critical welfare programs. The committee meetings have lasted hours because of left-wing lawmakers offering what seemed at times to be an endless stream of amendments that Republicans routinely shot down.
Sparks flew early at the Energy & Commerce Committee meeting with protesters both inside and outside the room repeatedly attempting to disrupt proceedings – with 26 people arrested by Capitol Police.
Protesters against Medicaid cuts, predominately in wheelchairs, remained outside the budget markup for several hours as representatives inside debated that and other critical facets under the committee’s broad jurisdiction.
Inside the budget markup, Democrats and Republicans sparred along party lines over Medicaid cuts. Democrats repeatedly claimed the Republican budget proposal will cut vital Medicaid services.
Many Democrats shared how Medicaid services have saved their constituents’ lives and argued that millions of Americans could lose coverage under the current proposal.
Meanwhile, Republicans accused Democrats of lying to the American people about Medicaid cuts – a word Kentucky Republican Rep. Brett Guthrie, Chairman of the Energy and Commerce Committee, deterred his colleagues from using. Tensions arose when the word was repeated as Democrats called it a mischaracterization of their testimonies.
Republicans have contended that their bill only seeks to cut waste, fraud, and abuse of the Medicaid system, leaving more of its resources for vulnerable populations that truly need it.
That committee was tasked with finding $880 billion in spending cuts to offset Trump’s other funding priorities. Guthrie told House Republicans on a call Sunday night that they’d found upwards of $900 billion in cuts.
Democrats have seized on Republican reforms to Medicaid, including heightened work requirements and shifting more costs to certain states, as a political cudgel.
At one point late in the evening, House Minority Leader Hakeem Jeffries, D-N.Y., made an appearance at the Energy & Commerce panel’s meeting.
‘I just want to mention our Democratic Leader Hakeem Jeffries is here because of his concern about Medicaid. Thank you,’ the committee’s top Democrat, Rep. Frank Pallone, D-N.J., said.
But tensions remain between moderate Republicans and conservatives about the level of cuts the committee is seeking to the former Biden administration’s Inflation Reduction Act (IRA) green energy tax subsidies.
Several Democratic amendments were also offered throughout the night to preserve the green energy bill, but all were shot down.
By early Tuesday morning, the Energy & Commerce Committee had advanced portions of its bill, rolling back significant chunks of the IRA and setting standards for telecommunication – including a decade-long moratorium on state-level laws dealing with artificial intelligence (AI).
The meeting at the Ways & Means Committee had relatively little fanfare but was equally contentious as Democrats attempted to offer amendments to preserve Affordable Care Act tax credits, cap tax cuts for the wealthy, and changes to the state and local tax (SALT) deduction cap.
At one point, Reps. Beth Van Duyne, R-Texas, and Tom Suozzi, D-N.Y., got into a heated exchange over SALT, with Suozzi pushing Van Duyne on whether she’d ever been to New York.
Van Duyne earlier called Texas a ‘donor state’ in terms of taxes, arguing, ‘We should not have to pay to make up for the rich folks in New York who are getting raped by their local and state governments.’
Suozzi later pointed out Van Duyne was born and went to college in upstate New York – leading to audible gasps in the room.
Van Duyne said there was ‘a reason’ she left.
‘We’re sorry you left New York, but in some ways it may have worked out better for all of us,’ Suozzi said.
The SALT deduction cap, however, is still a politically tricky issue even as House lawmakers debate what Republicans hoped would be the final bill.
The legislation would raise the $10,000 SALT deduction cap to $30,000 for most single and married tax filers – a figure that Republicans in higher cost-of-living areas said was not enough.
Rep. Mike Lawler, R-N.Y., threatened to vote against the final bill if the new cap remains.
As the committee’s marathon meeting continued, a group of blue state Republicans huddled with House GOP leaders to find a compromise on a way forward.
Rep. Nick LaLota, R-N.Y., hinted at tensions in the meeting when he posted on X that Rep. Nicole Malliotakis, R-N.Y., a member of the SALT Caucus and Ways & Means Committee, ‘wasn’t involved in today’s meeting’ because her district required ‘something different than mine and the other most SALTY five.’
Malliotakis previously told Fox News Digital she was supportive of the $30,000 cap. She’s also the only member of the SALT Caucus on the critical tax-writing panel.
As morning rose on House lawmakers, Rep. Greg Murphy, R-N.C., quipped at the tax meeting, ‘I see the light coming in from the East…I think it’s going to be a Disney day.’
The Agriculture Committee, which began its meeting on Tuesday evening, saw Democrats waste no time in accusing Republicans of trying to gut the Supplemental Nutrition Assistance Program (SNAP), colloquially known as food stamps.
Rep. Adam Gray, D-Calif., accused Republicans of worrying that ‘somebody is getting a meal they didn’t deserve or kids are getting too fat’ instead of more critical issues.
Republicans, like Rep. Randy Feenstra, R-Iowa, touted the bill’s inclusion of crop insurance for young farmers, increasing opportunity for export markets, and helping invest in national animal disaster centers aimed at preventing and mitigating livestock illness.
He also said Republicans were working to ‘secure’ SNAP from waste and abuse.
House and Senate Republicans are working on Trump’s agenda via the budget reconciliation process, which allows the party in power to sideline the minority by lowering the Senate’s threshold for passage to a simple majority, provided the legislation at hand deals with spending, taxes or the national debt.
Trump wants Republicans to use the maneuver for a sweeping bill on his tax, border, immigration, energy and defense priorities.
Two sources familiar with the plan said the House Budget Committee intends to advance the full bill, the first step to getting the legislation to a House-wide vote, on Friday.
Wednesday will be a critical day to see if that timeline holds. Eleven different House committees, seven of which have already finished their work, must each pass portions of the legislation before they’re all fitted into a massive bill that must pass the House and Senate before getting to Trump’s desk.
As President Donald Trump crisscrosses the Arab world this week, there is talk of peace in the Middle East, shockingly with the Hamas terrorist group still in the picture.
However, as a former U.S. Navy lieutenant commander and the co-founder of the Muslim Reform Movement, challenging Islamist extremism, I know there is only one path to victory in the Middle East: The complete and unconditional surrender by Hamas and the Palestinian people.
The strong-man approach that Trump has taken with China on trade is very similar to the ground game he must realize in the Middle East for the defeat of Hamas. In 2016, he dared to imagine a new reality to the endless wars between Israel and Arab nations and their proxies. Few thought there could be a lasting, genuine peace agreement between Israel and its enemy neighbors, but Trump put a lie to that expectation with the establishment of the Abraham Accords in 2019, building peace between Israel and four historical enemies, the United Arab Emirates, Morocco, Sudan and Bahrain.
On Oct. 7, 2023, Hamas launched the most brutal and savage war of rape, killing and enslavement of Jews since the Holocaust.
Hamas proclaimed, celebrated and videotaped their brutality. Hamas’ genocidal hate for Jews and Israel runs deep. Hamas practices a theo-political interpretation of my faith known as ‘Islamism,’ or political Islam, believing in a theocratic state. It is a cult that hates individual liberties and free enterprise, spawned from the Muslim Brotherhood, born in Egypt in the 1920s and similar to the ideology of Ayatollah Khomeini, who led the Iranian Revolution of 1979. Islamism has deeply infected the practice of Muslims around the world.
Meanwhile, Arab nations and Palestinian terrorist groups have waged war against Israel repeatedly – and lost – in 1948, 1956, 1967, 1973, on and on and now 2023 through 2025 through the Islamists that are Hamas.
Why does this cycle of war keep happening?
One simple reason: the international community has never compelled the Palestinians to acknowledge defeat. Today, Hamas has become a death cult, repackaged as a victim-cult where its leaders funnel money poured into them to create infernal tunnels of weaponry, terrorists and hate.
Muslims around the world and guilt-filled westerners have failed to understand that the key element to redemption is surrender. Allied forces had to force Germany and Japan into unconditional surrender before the two nations made the painful step toward modernity after World War II.
But, despite defeat after defeat, Palestinians have never had to surrender their death cults and successfully enter the modern world.
To this, some of my Muslim brethren may say, ‘Surrender to the Jews? Never!’
But they would not be surrendering to the Jews. They would be surrendering the inhumanity and abject failure of Islamist ideology and their fantasy that they will destroy Israel.
History has shown that unconditional surrender would allow the silent majority to find renewal in a post-Hamas, post-Islamist, post-tribal Gaza. Endless wars only end when the defeated are not left at the brink of defeat to rearm again. That is tough love.
The Palestinian establishment has brainwashed its citizenry. Nazi Germany did the same thing. When Nazi German forces were forced to accept defeat and surrender, Germans found freedom on the other side.
That is the type of moral fearlessness needed today. The Hamas Charter is a theo-political screed of Jew-hatred that must be torn up. It’s the Palestinian Mein Kampf. Like the billionaire leaders of Hamas, it perverts and destroys any hope for generations to come.
I believe in my faith of Islam, not the Islamist ideology. Over a millennium ago, Islam had produced the Elon Musks of its age. Islamic nations were the leaders in math, science, philosophy and civilization.
In fact, the only nation-state even mentioned by God in the Qur’an is Israel! Its mention is an endorsement that even Islamists can’t ignore.
So, the historic new alliance between Arab countries must not just be about gleaming skyscrapers. It must be about transformation, or it could end up like the ideologically doomed country of Qatar.
Qatar is an externally modern city-state on the gulf, in the desert. Yet, its state-sponsored media, the horrifically popular Al-Jazeera TV, radicalizes all. It’s one vast communicator of hate against the West, Israel and the Jews.
Al Jazeera English and Arabic is the primary cancer cell spreading the Islamist supremacist worldview of Muslim Brotherhood terror groups. It’s not a coincidence the Qataris have the leaders of the Taliban, the Islamic Republic of Iran, Al Qaeda, ISIS and Hamas on speed dial when it comes time for ‘negotiations.’
Qatar’s trillions fund a blanket of Islamist hate across the world.
The internet has changed life and it has changed Islam, revealing a medieval climate of grievance and tribalism. The Arab Awakening of 2011 reminded the Arab people that they are stronger than their rulers, and they can expose the bullies of the ‘Islamist establishment.’
A poll of Muslims in the United Kingdom revealed that 81% of respondents said they were ‘Muslim first’ and ‘British second.’
Another global poll showed that the majority of Arab Muslims support the death penalty for ‘apostates’ of Islam, with up to 80% in Egypt and Jordan and a plurality across the world. That is today’s normative interpretation of Islamic law, or shar’iah. It is the ideology of a death cult. This all must change.
I recently argued at Oxford Union debate that the ‘brand’ of Islam of today is not compatible with democracy, liberty, or freedom. But the Islam of the 21st century could be, if we end the ‘bigotry of low expectations’ and stop handing Muslims participation trophies for just showing up to negotiations, interfaith dinners and business deals. Muslims have excelled before in a pluralistic society, and we can excel again. But, as we argue through the Muslim Reform Movement and the Clarity Coalition, another group I cofounded to challenge Islamists, we must give up our hate and embrace modernity.
That means recognizing the state of Israel. And unconditionally surrendering with an end to all hostilities and war against Israel. The delusion of a Palestine that replaces the state of Israel must die.
History has shown that unconditional surrender would allow the silent majority to find renewal in a post-Hamas, post-Islamist, post-tribal Gaza. Endless wars only end when the defeated are not left at the brink of defeat to rearm again. That is tough love.
Recent anti-Hamas protests in Gaza may signal an opening in Hamas’ hold on Palestinians. Securing their surrender may finally turn their consciousness away from endless wars toward enlightenment and bring Islam into the 21st century.
As the Trump administration speeds past the 100-day mark, various conflicts around the globe are in a much different place than when the president took office.
It has been nearly 600 days since the Oct. 7 Hamas attack on Israel. Not only did the act of terrorism launch a full-scale war in the Middle East, but it also facilitated a chaotic wave of pro-Palestinian and pro-Israeli clashes at home.
‘We’re guided by two principles that are guiding our approach to this conflict. The first is that we stand with Israel and Israel’s right to defend itself. And the second is that Hamas must release the hostages,’ U.S. Department of State Deputy spokesperson Tommy Pigott told Fox News Digital. ‘Those are the two guiding principles. And then we’re looking at the long-term here in terms of what this is going to look like as a long-term solution to this conflict. Hamas cannot continue to exist.’
A New York Times opinion article ran last week, titled ‘This Israeli Government Is Not Our Ally,’ just days before nearly 80 students were arrested during pro-Palestinian protests at Columbia University in New York, illustrating that the strains between the two groups remain and the rise in antisemitism is still rampant.
‘When it comes to some of these protests, and I use that word even somewhat lightly in terms of I don’t even know if that’s the best way to describe them, the secretary has been clear, the president has been clear, there’s going to be zero tolerance for people that are here on visas that break our laws, that support or promote terrorism in the United States,’ Pigott added.
‘When you’re looking at that visa process, again, speaking from the State Department’s perspective, there’s a vetting process to enter the United States for a visa,’ Pigott explained. ‘We’re constantly monitoring the fact of, are you actually abiding by that visa? Are you [a student] doing things that are breaking our laws? And if you do, your visa may be revoked.’
Overseas, Hamas freed the last living American hostage, Edan Alexander, reportedly to appease President Donald Trump.
Israel issued an evacuation warning for Yemeni ports after bombing the nation’s main airport last week.
While the U.S. and the Houthis reached ceasefire agreements, Israel continues to punch back. Pigott made clear that the U.S.’ past and future decisions to attack the Houthis are heavily dependent on Islamist organizations’ actions.
‘The president’s been clear, the secretary has been clear that the bombing that we saw was about freedom of navigation, protecting American interests, making sure we can have ships going through that area,’ Pigott explained. ‘The Houthis have capitulated, but this is about their actions.’
Secretary of State Marco Rubio’s role as head of the agency got even more complicated after Mike Waltz left the National Security Administration (NSA) to serve as ambassador to the United Nations, and Trump assigned Rubio to fill the role.
Despite the increase in workload and responsibility, the State Department’s deputy spokesperson says ‘the results speak for themselves.’
‘Of that collaboration, of the fact that President Trump has that vision, is involved with the policy, is saying, we need to accomplish this, and Secretary Rubio helping to implement that vision,’ Pigott added.
‘These are men and women that are dedicated on delivering results for the American people. I mean, this past 100-plus days have been the most successful 100 days, I would argue, in history from a president.’
Preston Mizell is a writer with Fox News Digital covering breaking news. Story tips can be sent to Preston.Mizell@fox.com and on X @MizellPreston
The deepening U.S. relationship with Qatar is drawing fresh scrutiny this week as President Donald Trump began a Middle East tour amid reports that he may accept a free jet from the Qatari royal family to replace his current plane as Air Force One.
The prospect has drawn bipartisan pushback, which Trump has met with indifference.
‘Qatar is not, in my opinion, a great ally. I mean, they support Hamas. So what I’m worried about is the safety of the president,’ Sen. Rick Scott, R-Fla., told reporters on Tuesday.
Sen. Rand Paul, R-Ky., told Fox News, ‘I think it’s not worth the appearance of impropriety.’
‘[The Qataris] said to me, ‘we would like to, in effect, we would like to make a gift. You’ve done so many things. and we’d like to make you a gift to the Defense Department,’ which is where it’s going. and I said, ‘Well, that’s nice.’ Now, some people say, ‘Oh, you shouldn’t accept gifts for the country.’ My attitude is, why wouldn’t I accept the gift? We’re giving to everybody else, why wouldn’t I accept a gift?’ Trump explained to Fox News’ Sean Hannity on Tuesdsay.
U.S. relations with Doha have come a long way since 2017, when Trump accused Qatar of harboring terrorism: ‘The nation of Qatar, unfortunately, has historically been a funder of terrorism at a very high level,’ Trump said at the time.
From there, Qatar became a major non-NATO ally to the U.S. in 2022 under President Biden and is home to Al Udeid Air Base, one of the U.S.’ largest Middle East bases and a key hub for U.S. Central Command operations.
Qatar has been at the forefront of peace and hostage negotiations, especially in the war between Israel and Hamas. An Israeli delegation traveled to Doha on Tuesday to hash out a potential agreement on a hostage exchange and ceasefire in the Gaza Strip.
‘Qatar is an indispensable security and energy partner to the United States. It’s a strategic partnership that has grown stronger and more expansive over time,’ Ali Al-Ansari, media attaché at the Qatari embassy, told Fox News Digital. ‘His highness the Amir and President Trump have a longstanding relationship over many years, and both leaders have the shared goals of peace, security and stability.’
‘Qatar is working closely with the president and his team to advance these shared goals, whether in Gaza, Ukraine, Congo or other areas of instability.’
In March, weeks of negotiations led by U.S. and Qatari mediators led to the release of American George Glezmann, who had been imprisoned by the Taliban in Afghanistan for more than two years. Doha’s negotiators were also involved in the U.S.-Hamas deal to release the last living American hostage, Edan Alexander, on Monday.
‘They’re very smart at making themselves useful,’ said Michael Makovsky, CEO of the Jewish Institute for National Security of America.
The Trump Organization has cinched a new deal to build a luxury golf resort in Qatar, partnering with Qatari Diar, a real estate company backed by that country’s sovereign wealth fund.
‘Their financial connections to people in Trump’s orbit, their making themselves useful as our mediators, communicating that strategically, the Qataris have been very effective at making themselves important,’ Makovsky added.
And despite its relatively small population – less than 3 million – Qatar controls over 10% of the world’s natural gas reserves.
‘They have an enormous amount of influence as a result of the money they spend,’ said Jonathan Schanzer, executive director at the Foundation for Defense of Democracies.
Energy Secretary Chris Wright praised Qatar as a ‘valued energy partner’ – the second-largest producer of liquid natural gas in the world. ‘I look forward to building on this new era of U.S.-Qatari relations together,’ he said. Middle East envoy Steve Witkoff has praised Qatar as a valued partner in negotiations.
Sen. Roger Marshall, R-Kans., joined Trump officials in defending Qatar during a Senate hearing on campus antisemitism recently.
As a witness described links between the Qataris donating billions to universities and antisemitic protests, Marshall shot back: ‘Qatar has been a great ally to America. So I don’t know why you’re attacking them.’
But others are skeptical.
‘The Qataris have been sponsoring a wide range of terror groups for decades,’ said Schanzer. ‘It’s been a bipartisan decision to turn a blind eye to the problem.’
Israel supporters have long accused Qatar of funding Hamas. Prior to the outbreak of war after Oct. 7, 2023, Doha for years sent millions of dollars per month to the Gaza Strip to prop up Hamas’ governing structure there.
They’ve also spent billions in the U.S., including an aggressive lobbying operation in Washington.
‘We have seen them invest billions of dollars into higher education. We know that they’re investing in K-12 education in this country,’ said Schanzer. ‘They’re buying up parcels of valuable real estate. They are … spending massive amounts of money in states like Texas and South Carolina, where you have the defense industry and the energy industry.’
‘Over the last two decades or so they have spent a lot of money, expended a lot of effort, and it’s now paying dividends.’
Schanzer said he was pleased the discussion over the Boeing plane had spurred a national conversation over Qatar’s influence in the U.S.
‘This is a longstanding problem that has gone unaddressed by Barack Obama, by Joe Biden, by George W. Bush and by Trump.’