Some Americans who have always celebrated the anniversary of our country's independence see us losing independence and so much else on the eve of our 250th. They aren't in the mood for a parade.
Iran’s Parliament Speaker Mohammad Bagher Qalibaf has warned of an Iranian response if the U.S. and Israel breach the interim peace deal, as Tehran prepares to bury its former supreme leader, Ayatollah Ali Khamenei. “We strongly demand full implementation of the agreements, and if the U.S. and the Zionist regime fail to fulfill their commitments, Iran…
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...
An ex-GOP operative flagged how Trump is killing what he once touted as his "best" deal at the expense of his supporters.During an episode of The Bulwark Podcast, Tim Miller described Trump's plans concerning the United States-Mexico-Canada Agreement, which Trump negotiated and boasted about during his first term."The Trump administration decided not to renew the USMCA," Miller noted. "Which is pretty interesting because Donald Trump said that was the best agreement we've ever made, the best trade deal of all time."While "it's strange that they would not renew the best trade deal of all time," Miller explained, "They're now going to do yearly reviews where Trump shakes down the leaders of Mexico and Canada...not great."According to Miller, Trump will ditch the USMCA in favor of an arrangement where the U.S. conducts annual reviews of trade with Mexico and Canada. He predicted that the new arrangement would likely hurt American farmers, who supported Trump."The farmers, it's one hit after another for the farmers, who, it seems like, every Trump policy is like it's almost like an elaborate plot to see how much he can p— off the farmers and still run up the numbers in rural America," Miller said.Miller's guest on the show, New Yorker writer Susan Glasser, agreed."As far as the farmers go, Donald Trump loves to provide evidence that his ride or die supporters will be there no matter how much he humiliates them," Glasser said. "No matter how much he backs away from policies that would support him, no matter how much he fails to deliver the things that he said he would deliver. That to Trump, that's the ultimate sort of political own, and he loves that move."
A heat wave in Washington, D.C., is making attendance at President Trump’s July 4 festivities even worse.U.S. Capitol Police have already restricted Thursday night’s rehearsal for “A Capitol Fourth Concert” to essential personnel, posting on X that they came to the decision after consulting with the Capitol’s Office of the Attending Physician.“For safety reasons, the public will not be able to attend tonight’s rehearsal concert,” the post read. “Everyone is sorry for any inconvenience this may have caused. The National Weather Service is forecasting an extreme heat watch with temperatures exceeding 100 degrees.”The post added that an update will come Friday by 10 a.m. on the status of the full concert, which is scheduled to take place from 8 p.m. to 9 p.m. Friday night.Similar warnings are hitting the Great American State Fair; organizers have already had to cancel a rodeo demonstration scheduled for Thursday night. Attendance at the fair overall has been depressed, and some visitors are complaining about the weather. U.S. Trade Representative Jameson Greer had an audience of maybe 25 people when he spoke about tariffs on the main stage Thursday afternoon.Many booths at the fair don’t have air conditioning, leading at least one visitor to overheat. She told a reporter she finally found relief at a baptism tent, where she took a dip to cool down.Great American State Fair goer tells our @JenDelgadoFOX many of the booths she went to today didn't have air conditioning, she overheated, said she saw stars and needed medical attention -- found the baptism tent and took a dip to cool down pic.twitter.com/Smufj0GN8g— Homa Bash (@HomaBashNews) July 2, 2026Even without the heat, the fair is coming across as tacky, with empty booths and a lack of energy. The food is expensive, reviews are abysmal, and people aren’t coming, enraging the president. When it hasn’t been hot, it’s been raining. America’s 250th anniversary was already going poorly thanks to Trump, and now the weather may cement the once-in-a-lifetime event’s status as a failure.
