Donald Trump spoke at the Future Investment Initiative, a global finance conference in Miami organized by Saudi Arabia’s sovereign wealth fund. He declared that the United States is “back and open for business” and promised that the “dark days of high taxes, crushing regulations, rampant inflation, flagrant corruption, government weaponization…and total incompetence will be gone for ever.”
Trump escalated his criticism of Ukrainian president Volodymyr Zelenskyy, calling him “a dictator without elections” and accusing him of doing “a terrible job.” Earlier in the day, Zelenskyy had dismissed Trump’s remarks, stating that the former president was “living in a disinformation bubble.” This exchange follows Trump’s claim that Ukraine was responsible for Russia’s illegal invasion, a statement that has sparked widespread backlash.
The White House reshared a social media post from Trump, portraying him as a king and picturing him wearing a crown. The post has drawn criticism and debate over its implications.
Illinois governor JB Pritzker delivered a sharp state-of-the-state address, where he compared Trump’s recent actions to the rise of Nazism in 1930s Germany. His remarks were seen as a strong condemnation of Trump’s growing political influence and power grabs.
Acting deputy attorney general Emil Bove issued a blistering statement after asking a federal judge to dismiss the corruption case against New York mayor Eric Adams. He invited justice department officials and prosecutors who disagreed with the decision to resign.
The Internal Revenue Service is set to fire 6,700 employees as early as Thursday, signalling the beginning of mass layoffs at the agency. The layoffs come just as tax season begins, raising concerns about potential disruptions for taxpayers. Further job cuts at the agency are expected in the coming months.
A memo obtained by the Washington Post reveals that the Trump administration has ordered the Pentagon to prepare for significant budget cuts. Defence Secretary Pete Hegseth has directed military leaders to develop plans for reducing the defence budget by 8% each year over the next five years. The directive has sparked discussions about how these cuts could impact military operations and national security.
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