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Major miner Barrick Mining (TSX:ABX,NYSE:B) is reportedly in advanced talks to sell its last remaining Canadian mine, Hemlo, to Discovery Silver (TSX:DSV,OTCQX:DSVSF).

Citing people familiar with the matter, Bloomberg reported on Tuesday (July 15) that the discussions, which began in April, have reached the final stages, although a deal has not yet been finalized.

If completed, the sale of the Ontario-based asset would mark Barrick’s full exit from gold mining in its home country, continuing a broader strategy of offloading smaller, less profitable assets as gold re-enters the spotlight.

Gold has climbed to record highs this year, reaching the US$3,500 per ounce level as geopolitical shocks — including US President Donald Trump’s tariff campaign and ongoing global conflicts — have driven investors toward safe havens.

That rally has reignited consolidation in the mining sector, with large producers like Barrick and Newmont (TSX:NGT,NYSE:NEM) streamlining their portfolios and junior miners seeking to grow.

Discovery Silver has emerged as an active buyer during this time.

In January, the company acquired Newmont’s Porcupine gold mine in Ontario for up to US$425 million. Buying Hemlo would deepen its footprint in Canada at a time when investor interest in North American assets is rising.

Mali seizes more gold from Barrick

For Barrick, the possible sale comes as the company faces legal and political headwinds in Mali, where its Loulo-Gounkoto complex has been embroiled in a bitter standoff with the ruling military junta.

On July 10, helicopters operated by Mali’s military landed unannounced at the Loulo-Gounkoto site and removed over a metric ton of gold — worth over US$117 million at current prices — without Barrick’s consent. The gold was likely taken for sale by the government-appointed provisional administrator that now oversees the site, the company said.

This is the second such seizure this year, following a January incident in which 3 metric tons of gold were taken and all exports were blocked, forcing Barrick to suspend operations.

Barrick has since launched international arbitration proceedings at the International Center for Settlement of Investment Disputes (ICSID), citing “violations of its legal rights.”

“I want to reaffirm Barrick’s commitment to Mali, even as we navigate extraordinary and unprecedented challenges,” CEO Mark Bristow said on July 12. “While we continue to engage constructively with the government of Mali, the ICSID process provides the legal certainty and international oversight necessary to resolve this dispute definitively.”

Barrick maintains that the provisional administration of the mine, which came after a controversial local court order in June, is unlawful. The firm also says it was never formally notified of the administrator’s appointment and was merely told that Samba Touré, a former Barrick employee and advisor to the mining ministry, would act as a liaison.

The government’s moves coincide with President Assimi Goïta’s latest political maneuver — a new law granting him an indefinite mandate “until the country is pacified.” Goïta seized power in a 2021 coup, his second in less than a year, and has since tightened control over the judiciary and state institutions.

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

This post appeared first on investingnews.com

Apple (NASDAQ:AAPL) and MP Materials (NYSE:MP) have signed a US$500 million supply agreement to manufacture rare earth magnets in the US from 100 percent recycled materials.

Under the deal, MP will deliver recycled magnets starting in 2027 to support “hundreds of millions” of Apple devices, including iPhones, iPads and MacBooks. Announced on Tuesday (July 15), the deal marks a major step forward in Apple’s plan to build more sustainable domestic supply chains for its core technologies.

“American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the US economy,” Apple CEO Tim Cook said in a press release. “Rare earth materials are essential for making advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States.”

The two companies spent nearly five years developing recycling technologies capable of meeting Apple’s stringent performance and environmental standards. Now, MP will build a commercial-scale recycling line at its Mountain Pass site to process magnet scrap and recovered components from decommissioned products.

To fulfill Apple’s requirements, MP will also expand its Fort Worth, Texas, facility — dubbed “Independence” — creating dozens of new roles in manufacturing, as well as research and development.

“We are proud to partner with Apple to launch MP’s recycling platform and scale up our magnetics business,” said MP CEO James Litinsky in a separate Tuesday press release. “This collaboration deepens our vertical integration, strengthens supply chain resilience, and reinforces America’s industrial capacity at a pivotal moment.”

MP’s share price soared 20 percent following the news, pushing its market cap to near US$10 billion.

Analysts view the deal as a validation of MP’s strategy to build a fully domestic rare earth magnet supply chain and as a boost to national efforts to reduce reliance on China, which controls roughly 70 percent of global rare earths supply.

MP currently operates the only active US rare earths mine at Mountain Pass. Rare earth magnets produced from its materials power devices ranging from consumer electronics and electric vehicles to wind turbines and defense systems.

MP teams up with defense department

Just days before the Apple deal, MP secured a US$400 million preferred equity investment from the US Department of Defense (DoD), making the Pentagon its largest shareholder.

The funds will support a second magnet manufacturing plant — called the 10X facility — which is slated for commissioning in 2028 and will increase MP’s annual magnet output to 10,000 metric tons.

The government has also committed to purchasing 100 percent of the magnets produced at the new plant for 10 years, guaranteeing a floor price of US$110 per kilogram for neodymium-praseodymium oxide.

If market prices fall below that level, the DoD will pay the difference. Once production begins, the government will also receive 30 percent of any profits above the guaranteed price.

With operations spanning mining, separation, metallization and magnet production, MP is currently the only US firm with end-to-end capabilities for rare earth magnet manufacturing. The company is also expecting a US$150 million Pentagon loan to enhance its heavy rare earths separation capabilities at Mountain Pass.

MP’s Independence facility in Texas, alongside the upcoming 10X plant, anchors its downstream production strategy. The recycled feedstock used for Apple’s magnets will be sourced from post-industrial waste and retired electronics — reducing environmental impact while reinforcing resource resilience.

Apple, for its part, is pressing ahead with its US$500 billion US manufacturing initiative.

Earlier this year, it announced plans for a new artificial intelligence server factory in Texas and signaled continued interest in reshoring key parts of its production ecosystem.

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

This post appeared first on investingnews.com

Silver took some luster from gold in Q2 as its price climbed to 14 year highs.

Many of the same contributors that affected the gold price were also in play for silver.

Uncertainty in financial markets, driven by a chaotic US trade and tariff policy, coincided with rising tensions in the Middle East and continued fighting between Russia and Ukraine, prompting investors to seek safe-haven assets.

Unlike gold, however, silver also saw gains as industrial demand strained overall supply.

What happened to the silver price in Q2?

The quarter opened with the price of silver sinking from US$33.77 per ounce on April 2 to US$29.57 on April 4. However, the metal quickly found momentum and climbed back above the US$30 mark on April 9.

Silver continued upward through much of April, peaking at US$33.63 on April 23.

Volatility was the story through the end of April and into May, with silver fluctuating between a low of US$32.05 on May 2 and a high of US$33.46 on May 23.

Silver price, April 1 to July 17, 2025.

Chart via Trading Economics.

At the start of June, the price of silver soared to 14 year highs, opening the month at US$32.99 and rising to US$36.76 by June 9. Ultimately, the metal reached a year-to-date high of US$37.12 on June 17. Although the price has eased slightly from its high, it has remained in the US$36 to US$37 range to the end of the quarter and into July.

Silver supply/demand balance still tight

Various factors impacted silver in the second quarter of the year, but industrial demand was a primary driver in both upward and downward movements. Over the past several years, silver has been increasingly utilized in industrial sectors, particularly in the production of photovoltaics. In fact, according to the Silver Institute’s latest World Silver Survey, released on April 16, demand for the metal reached a record 680.5 million ounces in 2024.

Artificial intelligence, vehicle electrification and grid infrastructure all contributed to demand growth

At the same time, mine supply has failed to keep up, with the institute reporting a 148.9 million ounce production shortfall. This marked the fourth consecutive year of structural deficit in the silver market.

“(We have) flat supply, growing demand — demand that’s nearly 20 percent above supply,’ he said. ‘And our ability to meet those deficits is shrinking because we’re tapping into these aboveground stockpiles that have shrunk by about 800 million ounces in the last four years, which is equivalent to an entire year’s mine supply. So it’s the perfect storm.’

But industrial demand can send the silver price in either direction.

The chaos caused by Trump’s on-again, off-again tariffs has caused some consternation among investors.

While gold and silver have traditionally both been viewed as safe-haven assets, silver’s increasing industrial demand has decoupled it slightly from that aspect. When Trump announced his ‘Liberation Day’ tariffs on April 2, silver was impacted due to fears that a recession could cause demand for the metal to slip.

Although the dip in silver was short-lived, it was one of its steepest falls in recent years.

“If a global recession really starts, silver will most likely nosedive momentarily. In terms of its 2025 performance, silver growth has been largely bolstered by consolidated precious metals group appreciation, additionally beefed up by relative USD weakness.’

Geopolitics and the silver price

Adding to the tailwinds is a growing east-west divide. Due to its usage in industrial components, particularly those related to the military and energy sectors, and its role as a safe haven, silver is being influenced by geopolitics.

June’s price rally came alongside growing speculation that Israel was preparing to attack Iranian nuclear sites. Investors became concerned that war could disrupt international trade and oil movements in the region.

Ultimately, their concerns were proven right, and Israel launched attacks on June 12; the US then bombed key nuclear facilities on June 21. While the escalation is new, the underlying politics have been simmering for years.

Sanctions against Russia have strengthened support among the BRICS nations, which have been working to reduce their reliance on US dollar assets, such as treasuries, and increase trade in their own currencies.

But they may also be working to separate themselves from western commodities markets. In October 2024, Russia floated the idea of creating a precious metals exchange to its BRICS counterparts. If established, it could shake up pricing for commodities like silver, allowing Russia to circumvent sanctions and trade with its bloc partners.

While the exchange is still just an idea, a bifurcated world is not. While the US has targeted most nations with tariffs, it has singled out China. Much of the first half of the year saw the world’s two largest economies escalate import fees with one another, with China even restricting the export of rare earth elements to the US.

Discussions on national security and critical minerals have been at the forefront for the last several years. Still, they have become even more pronounced with the US and China on tense footing.

“Even if that’s going to happen, industrial use value — building infrastructure, building national security, national energy priorities — needs a lot of silver, and there just simply isn’t enough supply out of the ground to meet the demand. That’s long-term demand above the ground. This has been a thing, but right now, because of these geopolitical forces and realignments, silver is going to drop more into that industrial role,” she said.

Silver price forecast for 2025

Overall, the expectation is that without new mine supply and dwindling aboveground stockpiles, silver is likely to remain in deficit for some time. Other factors, like Trump tariffs and geopolitics, aren’t likely to disappear either.

Demand could ease off if a global recession were to materialize, but safe-haven investing could offset declines.

For his part, Krauth thinks the silver price is likely to remain above the US$35 mark, but it could fluctuate and he suggested a rally in the US dollar could push the silver price down. However, he also sees some pressure easing on the recession side of the equation if the US signs tariff deals that would eliminate some uncertainty.

“US$40, let’s say by the end of this year,’ he said, adding, ‘Frankly, I could see something really realistically above that, maybe an additional 10 percent if the scenario plays out right.’

He doesn’t think that’s the end. In the longer term, Krauth sees silver going even higher. He pointed to the current gold-silver ratio, which is around 92:1, compared to an average of 60:1 over the last 50 years.

“So we could go to, who knows, somewhere like maybe 40 or 30 to one in the ratio. That would be tremendous for silver — that could bring silver above US$100. I’m not saying that’s happening tomorrow, but in the next couple of years I would say that’s certainly something that could easily be in the cards,” Krauth said.

Fundamentals and geopolitics aligned for silver in the first half of 2025, and barring a recession, they are likely to provide tailwinds in the second half. Whether the price climbs or continues to find support at US$35 is yet to be seen.

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

This post appeared first on investingnews.com

 

(TheNewswire)

 

        

   
                         

 

Vancouver, British Columbia TheNewswire – July 17, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’), further to its July 3, 2025, news release the Company is pleased to announce that it has received approval from the TSX Venture Exchange to close its private placement financing (the ‘Financing’) for aggregate gross proceeds of $1,000,000.

 

  The Company has issued 1,562,500 $0.64 units (‘Units’), each Unit consisting of one (1) common share of the Company and one (1) common share purchase warrant, each warrant being exercisable at $0.84 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.84 for 10 consecutive trading days.  

 

  The proceeds will be used to explore Juggernaut’s properties located in Northwestern B.C. and for general working capital.  

 

  All securities issued pursuant to this Financing are subject to a 4-month-plus-one-day hold from date of issuance.  

 

  About Juggernaut Exploration Ltd.  

 

  Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.  

 

  For more information, please contact  

 

  Juggernaut Exploration Ltd.  

 

  Dan Stuart  

 

  President, Director, and Chief Executive Officer  

 

  604-559-8028  

 

   info@juggernautexploration.com   

 

   www.juggernautexploration.com   

 

  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 RELEASE.  

 

  FORWARD LOOKING STATEMENT  

 

  Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

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Finlay Minerals Ltd . (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF), the ‘Company’, is pleased to announce that the approved budget under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport’) 1 for both the PIL and ATTY Projects, has been increased to a total of $3.6 million .

 

 

   

 

 

Both projects are situated in the highly prospective Toodoggone District of British Columbia , which continues to develop as an important copper-gold (Cu-Au) district with significant potential for further discoveries.

 

Initially, the 2025 budget was set at a minimum of $750,000 for the PIL property and $500,000 for the ATTY property. However, these amounts have now been revised to up to $2.6 million for the PIL project and up to $1.0 million for the ATTY project. Both programs are fully funded under the Earn-In Agreements with Freeport . According to these agreements, Freeport may earn an 80% interest in each property by investing a total of $35 million in exploration expenditures and making cash payments totaling $4.1 million over/up to six years.   2 Until the Finlay-Freeport Earn-In Agreements complete, Finlay owns 100% of both properties.

 

The PIL   Property lies in the heart of the Toodoggone region and features several porphyry copper-gold (Cu-Au) targets, along with associated epithermal gold-silver (Au-Ag) mineralization.  To date, 18 porphyry Cu ± Mo ± Au and porphyry-related low- and high-sulphidation epithermal Au-Ag occurrences have been outlined on the PIL Property. The PIL property is adjacent to Amarc Resources and Freeport-McMoRan’s JOY Project, as well as TDG Gold Corp.’s Shasta/Baker and Sofia Properties. It is also situated 25 kilometres (‘km’) northwest of Centerra Gold’s former Kemess South Mine and 15 km east of Thesis Gold’s Lawyers Project.

 

The ATTY Property covers 3,875 hectares of sub-alpine terrain in the southern Toodoggone region, an area known for significant porphyry copper-gold (Cu-Au) and epithermal gold-silver (Au-Ag) deposits. It is located between Centerra Gold’s Kemess Project and the JOY Project, held by Amarc Resources and Freeport-McMoRan. The KEM target on the ATTY Property resembles the Kemess North Trend, which is home to the Kemess Underground and Kemess East deposits. Exploration will focus on the Wrich target, located near the copper geochemical anomaly at the SWT target on the JOY Property. This anomaly extends over 2 km and continues onto the ATTY Property for an additional 1.2 km to the southeast.

 

  The 2025 programs at the PIL and ATTY are well underway with:  

 

  • Detailed property-wide, 100 metre line-spaced airborne magnetic surveys completed on both properties;
  •  

  • Detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL underway, with the ATTY expected to start by the end of July;
  •  

  • 53 line-km of induced polarization (‘IP’) geophysical surveys planned on the PIL and 16 line-km on the ATTY, and
  •  

  • Finlay acting as the Operator on both properties.
  •  

Finlay’s President and CEO, Ilona Lindsay , states :  

 

  ‘We are very pleased with the substantial increase in approved funding for both the PIL and the ATTY. This additional funding will allow us to identify and prioritize as many targets as possible for drilling in 2026.’  

 

  References:  

 

  1. Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.
  2.   

  Qualified Person:  

 

  Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

 

  About finlay minerals ltd.  

 

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia :

 

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com   .  

 

  On behalf of the Board of Directors,  

 

  Robert F. Brown ,
Executive Chairman of the Board

 

  Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.  

 

   Forward-Looking Information:    This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.  

 

SOURCE finlay minerals ltd. 

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/17/c1585.html  

 

 

 

News Provided by Canada Newswire via QuoteMedia

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A new think tank analysis finds that public corruption is a significant problem in the U.S., and is most prevalent in state and local governments that have larger bureaucracies and higher regulations.

The libertarian Cato Institute said it analyzed Department of Justice data on public corruption convictions in the nation’s 94 federal judicial districts and measured the annual average number of convictions per 100,000 population over the 2004–2023 period.

‘The data show that some of the most corrupt places by this measure match their reputations,’ the authors of the Cato analysis wrote.

Washington, D.C., topped the rankings with 469 total convictions during the nearly 20-year period and an annual conviction rate of 3.49, according to Cato’s report.

‘It has a huge number of legislative and executive branch federal employees, and there are many opportunities for graft,’ the report says.

Louisiana’s eastern district, which includes New Orleans, ranks at number four on Cato’s list with 430 total convictions during this period and an annual conviction rate of 1.29.

‘New Orleans has long been infamous for state and local corruption,’ the report says.

The Cato analysis found that New Hampshire had the lowest public corruption by this metric, with 13 convictions over the period and an annual conviction rate of .05. Cato called it ‘the freest state in the nation with one of the smallest governments.’

Cato said it appeared that ‘larger governments with more spending and regulations create more opportunities for bribery and embezzlement.’ 

The think tank, however, noted that some academic studies have suggested other reasons for corruption differences between states and cities, including varying cultures, education levels, and poverty rates.

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Though Senate Republicans were successful in their mission to pass President Donald Trump’s clawback package, not every member of the conference was on board.

Only two Republicans, Sens. Lisa Murkowski, R-Alaska, and Susan Collins, R-Maine, joined with every Senate Democrat to vote against the $9 billion package geared toward clawing back foreign aid and public broadcasting funding.

Senate Republican leaders had hoped that stripping $400 million in cuts to Bush-era international AIDS and HIV prevention funding could win over all the holdouts, both public and private. But the lawmakers who voted against the bill had deeper concerns about the level of transparency during the process and the impact successful rescissions could have on Congress’ power of the purse.  

Collins, who chairs the Senate Appropriations Committee, said she agreed with rescissions in general and supports them during the appropriations process, but couldn’t get behind the White House’s push because of a lack of clarity from the Office of Management and Budget (OMB) about exactly what would be cut and how.

She said that ‘the sparse text’ sent to lawmakers included little detail and did not give a specific accounting of programs that would be cut to hit the original $9.4 billion target.

‘For example, there are $2.5 billion in cuts to the Development Assistance account, which covers everything from basic education, to water and sanitation, to food security — but we don’t know how those programs will be affected,’ she said.

Murkowski demanded a return to legislating and appeared to warn that lawmakers were just taking marching orders from the White House rather than doing their own work. 

Both Murkowski and Collins were also concerned about the cuts to public broadcasting, particularly to rural radio stations. Both attempted to make changes to the bill during the vote-a-rama. Collins’ ultimately decided not to bring her amendment, which would have reduced the total amount of cuts in the bill to north of $6 billion, to the floor. However, Sen. Mark Kelly, D-Ariz., still brought the change for a vote. And Murkowski offered an amendment that would have drastically reduced the cuts to public broadcasting. 

The climactic vote for the bill came hours after tsunami warnings rippled through Alaska, and Murkowski argued that federal warnings were relayed through local public broadcasting. 

‘The tsunami warnings are now thankfully canceled, but the warning to the U.S. Senate remains in effect,’ she said. ‘Today of all days, we should vote down these misguided cuts to public broadcasting.’

Still, both attempts to modify the bill failed to pass muster. 

Their decision to go against the package left some scratching their heads. Sen. Ron Johnson, R-Wis., argued that the cuts amounted to less than a tenth of a percent of the federal government’s entire budget.

‘This should be a chip shot, OK? I have faith in [OMB Director] Russ Vought,’ he said. ‘I have faith in the Trump administration. They’re not going to cut things that are important spending.’

Sen. Eric Schmitt, R-Mo., who is leading the bill in the Senate, rebuked the duo’s arguments and said that lawmakers weighing in on the rescissions package was in line with their legislative duties.

‘That’s exactly what we’re doing,’ the Missouri Republican said. ‘I would hope that maybe what this will also do is highlight some of the wasteful spending, so when we get into the appropriations process in the next few months that we would be more keen to be focused on saving people money.’

Trump’s bill, which would cancel unspent congressionally approved funding, would slash just shy of $8 billion from the U.S. Agency for International Development (USAID), and over $1 billion from the Corporation for Public Broadcasting (CPB), the government-backed funding arm for NPR and PBS.

Some lawmakers, like Sen. Thom Tillis, who earlier this month voted against Trump’s ‘big, beautiful bill’ over cuts to Medicaid funding, understood where the pair were coming from.

The North Carolina Republican told Fox News Digital that Collins, in particular, would be leading negotiations for an end-of-year bipartisan funding deal with Senate Democrats, and to vote in favor of canceling congressionally approved funding could hurt her ability to find a solution to keep the government funded.

‘I don’t think people really understand the value of your word and your consistency and your living up to commitments and how important that is to getting things done,’ Tillis said. ‘And this, I think, that’s what Susan’s looking at, I think Murkowski is as well, and I respect them for that.’

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The State Department on Sunday blasted Yemen’s Iran-sponsored Houthi terrorist movement for lethal attacks on cargo ships in the Red Sea and on Israel as new calls emerged for President Donald Trump to support Yemen’s legitimate government to topple the Houthi regime.

Walid Phares, a leading American expert on the Middle East, told Fox News Digital that regarding ‘negotiations with Hamas and the regime in Tehran, in my view, Iran is simply buying time to rearm and resume its regional expansion.’ 

Phares said if the talks fail, there is a need ‘to reassemble a ground force comprised of units loyal to the legitimate Yemeni government (now in exile in Aden), and—crucially—the Southern Transitional Council (STC), whose forces are based in the Aden region and maintain frontlines adjacent to Houthi-controlled territory. Notably, STC forces have achieved the most significant victories against the Khomeinist militias in past years.’ 

Phares, who advised Trump when he was a candidate for president in 2016, continued, saying that ‘The United States should back, fund, and train these southern forces for renewed ground operations along the Red Sea coast, particularly to retake the vital port city of Hodeidah. Simultaneously, northern units loyal to the Yemeni government could advance toward the capital, Sanaa. Allied airpower would provide the necessary cover to enable a southern-northern pincer movement that could collapse the Houthi hold on Yemen and eliminate the threat entirely.’

He argued that ‘This would pave the way for future negotiations—not with Tehran’s proxies—but with a federated, pro-Western Yemeni government independent of Iranian influence. ‘

In May, Trump announced that after a military air campaign against the Houthi movement, saying the Houthis ‘just don’t want to fight…and we will honor that. We will stop the bombings.’

The Houthi terrorists, however, appear to have violated their pledge to Trump to stop attacks in the Red Sea.

Department of Defense spokesman Sean Parnell told Fox News Digital, ‘The DOD remains prepared to respond to any state or non-state actor seeking to broaden or escalate conflict in the region. Secretary Hegseth continues to make clear that, should Iran or its proxies threaten American personnel in the region, the United States will take decisive action to defend our people. We will not discuss future operations.’

Fox News Digital reported on July 7 that Israel exchanged missile fire with Iran-backed Houthi rebels in Yemen on Monday, targeting the group’s ports and other facilities.

Israel’s initial strikes came in reaction to a suspected Houthi attack on a Liberian-flagged ship in the Red Sea. The vessel was targeted with explosives and small arms fire, causing it to take on water and forcing the crew to abandon ship. The Houthis have not yet claimed responsibility for the attack. Israel’s military issued a warning prior to its attack, which targeted ports at Hodeida, Ras Isa and Salif.

‘These ports are used by the Houthi terrorist regime to transfer weapons from the Iranian regime, which are employed to carry out terrorist operations against the state of Israel and its allies,’ the Israeli military said.

The Houthi attacks last week resulted in the sinking of the bulk carrier Magic Seas, resulting in the presumed killings of four people and 11 others who are missing, according to an AP report.

The announcement came as satellite photos show long, trailing oil slicks from where the bulk carrier Eternity C went down, and another when the Houthis sank the bulk carrier Magic Seas.

The Times of Israel reported that both ships were attacked over a week ago by the rebels as part of their campaign targeting vessels over the war in Gaza. The Houthi campaign has upended shipping in the Red Sea, through which $1 trillion of goods usually passes a year.

A spokesperson for the State Department told Fox News Digital, ‘The United States condemns these attacks. These recent attacks have led to the loss of life, injury to sailors, and the sinking of cargo ships.Houthi attacks continue to endanger the lives of seafarers, harm economies across the region, and risk environmental disaster.’

The spokesperson added, ‘Global freedom of navigation and Israel have been under attack by the Houthi rebels for too long. The U.S. supports Israel’s ability to exercise its right to self-defense.’

After the Biden administration de-listed the Houthi movement as a foreign terrorist organization, the Trump administration swiftly restored the terrorist designation in March. 

The official slogan of the Houthi movement (Ansar Allah) reads, ‘Allah is Greater. Death to America. Death to Israel. Curse on the Jews. Victory to Islam.’ 

Fox News Digital’s Anders Hagstrom and AP contributed to this report.

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In recent weeks, some public commentary has accused the Department of Justice of defying court orders and insinuated that Emil Bove’s confirmation will undermine the rule of law. Nothing could be further from the truth. The Department of Justice follows court orders—even when those orders are legally unsound or deeply flawed. And Emil is the most capable and principled lawyer I have ever known. His legal acumen is extraordinary, and his moral clarity is above reproach. The Senate should swiftly confirm him to the U.S. Court of Appeals for the Third Circuit.

This administration has repeatedly been targeted with sweeping, overreaching injunctions, often issued by ideologically aligned judges in defiance of settled law—including orders of the Supreme Court. Time and again, these rulings have been reversed on appeal, and easily so.  The pattern is familiar by now: aggressive district court orders grab headlines, only to be walked back when subjected to the slightest judicial scrutiny. 

Despite this consistent trend, the persistent narrative in the media and in the legal community is that it is the Department of Justice that ignores courts. That is plainly wrong. Disagreements over interpretation do not constitute defiance, any more than does filing an appeal. And, histrionics aside, good-faith disputes over timing and implementation of court orders do not represent insubordination—especially given the very difficult and novel problems presented by implementing the unprecedentedly overbroad and vague court orders imposed on this administration. The Department of Justice invariably complies with court orders no matter how much it disagrees with the underlying reasoning or the egregiousness of the judicial error. The appellate process has always been the means of securing relief from an erroneous order, and it still is.

You will search in vain for any critique of district judges who abuse their power and issue baseless injunctions in the editorial pages of The New York Times, CNN, or even the WSJ—even where those injunctions are reversed or stayed on appeal. 

The same commentators who foment anger over the Department of Justice’s good-faith efforts to comply with legally unsound court orders are silent when Article III judges overreach and issue rulings that interfere with the President’s authority and undermine the rule of law.

That brings me to my friend and colleague, Emil. The dedicated lawyers of the Department of Justice work tirelessly to comply with court orders and to promote the rule of law. There is no finer example of that dedication than Emil. 

In a thankless job, Emil expects excellence and courage from every lawyer in the Department, no matter the opposition faced. He pushes our dedicated lawyers to meet the moment and the mission of defending this administration against those who seek to block President Donald Trump from fulfilling his promises to the American people. And he consistently requires the highest level of integrity from all Department employees. 

Unfortunately, but unsurprisingly, the media has recently amplified slanderous attacks on Emil’s character based on a foundation of selective leaks, misleading reporting, and falsehoods. I am taking this opportunity to clear up a few of those misconceptions.

First, as to the termination of the leaker, it was Attorney General Pam Bondi and I who decided to terminate his employment. It was not Emil’s decision. And contrary to media spin, the employee was terminated for failing to defend his client—the United States of America—in open court; he was not dismissed for admitting an error in court. 

In his courtroom statements, the leaker distanced himself from the Department’s position and attempted to undermine the credibility of his own client. That is not zealous representation. That is an unethical dereliction of duty, which no client should be required to countenance.  

Moreover, Emil has never encouraged lawyers or anyone else to act in defiance of a court order. There was no order to violate at the time of the alleged statements. No injunctive relief had been granted—oral or written. No directive was issued to reverse any executive action. These facts are not in dispute, not even by the leaker. And most critically, after Judge Boasberg did issue an order in the relevant case, the Department fastidiously complied. That is not speculation. That is the explicit position taken by the leaker himself, who signed the government’s brief affirming the United States’ compliance on March 25, 2025. 

The same kind of distortions are being used to attack the Department’s lawful dismissal of the irreparably flawed case against New York Mayor Eric Adams. That decision was reviewed and approved by Department leadership and grounded in sound legal judgment. The judge agreed, granting the government’s motion to dismiss. 

That should end the conversation. But for those who insist on rehashing internal dissent and resignations, it should be obvious that disagreements within the Department do not render a decision unlawful or unethical. To the contrary, Emil’s integrity was displayed when he himself argued the case in favor of dismissal, even as his former colleagues in SDNY retreated. 

Before the Senate Judiciary Committee, Emil attested what those lucky enough to work with him already know to be true: he believes deeply in the rule of law, and in the importance of court orders. And what he has done time and again over the course of his career is bring rigor, integrity, and decency to his work. 

Emil has the backbone for hard cases, the restraint to wield judicial authority judiciously, and the intellect to master complexity. He will decide cases fairly. He will apply the law as written. He will not bend to political pressure. And that is exactly the kind of judge our country needs.

Emil is a dedicated public servant, an exemplary lawyer, and a person of quiet strength and deep character. 

The Senate should reject the smear campaign and vote to confirm him to the Third Circuit. Justice demands nothing less. 

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