Democrats are preparing a hostile audit of President Trump and his inner circle, intent on exposing — and ultimately ending — the most lucrative presidency in American history.Why it matters: Since winning the 2024 election, Trump has operated in a Wild West of his own making — monetizing the office to the tune of billions, while enabling family, friends and donors to cash in along the way.He and the White House have denied any conflicts of interest. Republicans, who spent years investigating the Biden family's business dealings, have shielded Trump from the same scrutiny.But Democrats see the presidential gold rush as corruption personified — and plan to bury Trump's orbit in subpoenas if they win the House in November's midterms.Zoom in: Trump's $2.2 billion financial disclosure is a 927-page roadmap for the coming investigations, itemizing every known venture that made 2025 the richest year of his life.A crypto business that barely existed when Trump took office minted him roughly $1.2 billion — eclipsing, in a single year, the real estate empire he spent decades building.His biggest single payday was $635 million in royalties from the $TRUMP meme coin, which has crashed roughly 95% from its inauguration-week launch — destroying billions for the small investors who bought in.Trump also reported tens of millions from legal settlements with major media and tech companies, plus new income from branded watches, sneakers, Bibles, fragrances and foreign licensing deals.Zoom out: For Democratic investigators, the ripest targets are the people around Trump: family, appointees and allies who, unlike the president, can be compelled to testify under oath.World Liberty Financial, the crypto venture launched by the Trump and Witkoff families, has become a magnet for foreign money, including a secret $500 million investment from a senior Emirati royal.A New York Times investigation found that Donald Trump Jr., Eric Trump and the sons of Commerce Secretary Howard Lutnick have ties to at least 14 companies seeking $8.9 billion in federal support for critical-minerals deals.Jared Kushner, Trump's son-in-law, has raised billions from Gulf governments while leading Middle East peace talks. In Albania, Kushner's firm won "strategic investor" status for a $1.4 billion luxury resort on a protected island — igniting mass protests dubbed the "flamingo revolution."What they're saying: Trump dismissed criticism of his financial disclosure on Wednesday, telling reporters his money is run by outside advisers in what he called a "blind account.""Everybody is profiting," Trump said, because "the stock market's going up."In a CNBC interview Thursday, Trump said he didn't know about many of the crypto gains disclosed in the filing because his son Eric and outside firms handle his investments. But he also argued that even if he had known, "there's nothing illegal with that," saying presidents cannot realistically recuse themselves from every decision that might affect their finances.Reality check: Trump's defense focuses on who manages his investments. Democrats are preparing to scrutinize the much bigger ecosystem around them: a portfolio that made more than 21,000 securities transactions in 2025, a family crypto empire, foreign business deals and other ventures that expanded alongside his presidency.The explanation also sidesteps broader ethics questions, including Trump's acceptance of a $400 million Qatari jet that entered service as Air Force One on Wednesday.Trump plans to keep the luxury plane — the largest foreign gift in U.S. history — for his presidential library after he leaves office.White House spokesperson Anna Kelly said in a statement: "President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media. There are no conflicts of interest."The big picture: Scrutiny of Trump's finances comes amid a growing anti-billionaire current in U.S. politics, exacerbated by a cost-of-living crisis the president repeatedly has downplayed.The number of democratic socialists in Congress is poised to more than double after the midterms, giving the left's anti-oligarchy message a bigger platform inside the Democratic Party.Sen. Jon Ossoff (D-Ga.) has made corruption the central theme of his re-election message, drawing 2028 chatter for his viral speeches detailing the Trump family's foreign windfalls.For Democrats, the bet is that Trump's profits can become part of a broader affordability argument: Washington works for the well-connected, while everyone else pays the price.The bottom line: It's no secret that Democrats intend to make life miserable for Trump and his inner circle if they win the midterms."They will turn every committee of Congress into an investigative body, and they'll go after the president's family, the Cabinet, his donors and friends," House Speaker...
The previously agreed upon officer increase for the New York Police Department has been scrapped by Mayor Zohran Mamdani (D) in the city’s final budget proposal amid pressure from his socialist base.The $125.8 billion budget was originally slated to include $70 million to fund the addition of 580 NYPD officers, as outlined in Mamdani's executive budget proposal released in May.'We are calling on Mayor Mamdani to reverse this proposed expansion of the NYPD.'Mamdani has pivoted in the weeks since. “I've been talking to all agency heads about ways to find savings, and [Police Commissioner Jessica Tisch] and I were able to identify ways to keep the NYPD head count at the originally authorized 35,000 while also meeting all of our crime-fighting needs and implementing the new programs that were announced earlier this year," Mamdani said during a press conference Tuesday.The night before the final budget vote, City Council Speaker Julie Menin (D) said she received a call from the mayor informing her of his agreement with Tisch to cut the officer increase from the budget. “I disagree with that decision. ... I do believe we need those officers,” Menin said, citing concerns over increasing rape, felony assault, and subway crime numbers.“We are going to fight for it now,” she added.Menin did note that the NYPD budget increased by $300 million for the fiscal year.The NYC Democratic Socialists of America, of which Mamdani is a member and with whom he holds close political ties, has been avidly calling on the mayor to follow through on his campaign promise to keep the NYPD head count flat.“We are calling on Mayor Mamdani to reverse this proposed expansion of the NYPD and invest the money in community safety programs instead," NYC-DSA said on June 12.The proposed head count increase "runs counter to the values of the socialist and working-class movement that elected him,” the group continued, adding, “When police serve as default first responders, New Yorkers are placed in harm’s way.”RELATED: Mamdani vows to protect migrants in apparent DEFIANCE of Supreme Court ruling on TPS NYPD graduates salute family and friends at their Recruit Graduation Ceremony at Madison Square Garden on March 9, 2026. Michael M. Santiago/Getty ImagesIn a statement to Fox News Digital, the NYPD said, “It is no secret that the city is facing serious financial challenges, and the mayor has asked every agency head to find efficiencies. ... For now, the department is able to police effectively with the budgeted head count we have, driving crime down month after month. That head count and our hiring plan gives us the flexibility we need to maintain that balance over the next fiscal year."NYPD funding had been at the forefront throughout last year’s mayoral election as Mamdani’s controversial X posts regarding police funding resurfaced, including one where he called the force “wicked” and “corrupt” and advocated for its defunding and dismantling. In another post, he said, “We don't need an investigation to know that the NYPD is racist, anti-queer & a major threat to public safety. ... What we need is to #DefundTheNYPD."Council member Tiffany Cabán, a democratic socialist and chair of the council’s Progressive Caucus, backed the mayor’s decision.“I am proud to have worked closely with the mayor and public safety advocates to ensure there was no increase to the NYPD’s headcount in this budget. Every dollar we spend on policing and incarceration means money we can’t spend on housing, mental health care, substance use treatment, and economic stability.”The Fiscal Year 2027 budget was officially adopted by the City Council on Tuesday and signed into law the following day by Mamdani, making it the largest budget in city history.Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
