American households are struggling to maintain their level of worth under Joe Biden‘s government. Data from the Federal Reserve Bank of St. Louis shows that under former President Donald J. Trump, household net worth rose steadily—taking on a slight dip at the beginning of the COVID-19 pandemic but quickly recovering.
Meanwhile, under the 81-year-old Democrat incumbent Joe Biden, the net worth of American households has lagged behind the rate of growth under Trump. Even more concerning, household net worth has declined significantly when controlled for inflation.
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Inflation, a weakening jobmarket, and massillegalimmigration have resulted in many Americans having to work several part-time jobs in an economy many see as no longer benefitting them. A series of polls show most Americans are skeptical that they’d be better off under a second Biden term in the White House. The National Pulse reported in mid-June that 84 percent of Americans believe their financial situation would either remain the same or worsen under another four years of Biden.
Another recent poll indicates that over 50 percent of Americans rate the Biden economy as “poor.” The negative reaction to the Biden economy is likely driven by data showing that many of the jobs created have been filled by illegalimmigrants. Additionally, studies suggest that the entirety of post-pandemic job growth under Biden has been fueled by illegal and legal immigrants, with labor force participation among native-born workers remaining below pre-pandemic levels.
The U.S. and China agreed to suspend most tariffs for 90 days following high-stakes weekend trade negotiations in Geneva, Switzerland over the weekend.
The details: The agreement will see both nations slash their tariffs from 125 percent to 10 percent during the three-month reprieve. A separate 20 percent tariff on China for its role in the fentanyl trade will remain in place.
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Treasury Secretary Scott Bessent said Sunday the talks led to “substantial progress,” and U.S. Trade Rep. Jamieson Greer added that the differences were “not as large as maybe thought.”
China echoed the optimism, calling the pending joint statement “good news for the world.”
Markets react: U.S. stock futures surged, with the tech-heavy NASDAQ rising more than three percent. The dollar and bonds also jumped.
Trump reacts: President Trump struck an optimistic tone on Sunday, writing:
“A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!”
What happens next? Talks will continue, led by Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng.
These terms go into effect on Wednesday.
Peace is in the air: Over the weekend, President Trump also announced that India and Pakistan agreed to a “full and immediate ceasefire” following negotiations mediated by the United States.
The U.S. and China agreed to suspend most tariffs for 90 days following high-stakes weekend trade negotiations in Geneva, Switzerland over the weekend.
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❓What Happened: Ukrainian intelligence has arrested two people they accuse of spying for Hungary and attempting to find out if ethnic Hungarians in the country would favor Hungarian military intervention.
👥 Who’s Involved: Hungary, Ukraine, the Security Service of Ukraine (SBU), two unnamed alleged spies, Hungarian Secretary of State for Public Diplomacy and Relations Zoltán Kovács.
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📍 Where & When: Ukraine announced the arrests on May 9.
💬 Key Quote: “It is unprecedented in the country’s recent history that a domestic political actor would work in tandem with the intelligence services of a neighboring state.” — Zoltán Kovács.
⚠️ Impact: The allegations further inflame tensions between the two countries, which have been brewing since well before the start of Russia’s “special military operation” in Ukraine in 2022.
IN FULL:
The Ukrainiangovernment has accused Hungary of spying on its territory and allegedly trying to determine if ethnic Hungarians in the country would support an invasion by the Hungarian army. The claims have been fiercely dismissed by Hungarian authorities, who have linked the allegations to one of their country’s main opposition parties.
Media in Ukraine reported on May 9 that the Security Service of Ukraine (SBU) had uncovered the alleged Hungarian spy ring operating in the Transcarpathia region, home to many ethnic Hungarians. Hungary lost the territory to Ukraine following the First World War and the signing of the Treaty of Trianon.
The SBU arrested two Ukrainian citizens, who they alleged were seeking to find out if the locals would support an invasion by the Hungarian military to reclaim the land. SBU spokesman Artem Dekhtaryenko claimed the pair also collected information on Ukrainian military units and installations and tracked local government officials.
Hungarian Secretary of State for Public Diplomacy and Relations Zoltán Kovács dismissed the accusations as “political theater” in a blog post on May 9. Instead, he linked the accusations to what he called a “growing coordination” between Ukrainian intelligence and Hungary’s main opposition party, Tisza.
“It is unprecedented in the country’s recent history that a domestic political actor would work in tandem with the intelligence services of a neighboring state. This partnership, aimed at discrediting Hungary’s national security structures, amounts to an attack on sovereignty from within,” he said.
In response to the accusations, Hungary has expelled two Ukrainian diplomats who claim they are spies. Kovács stated that Hungary’s refusal to arm Ukraine in its ongoing war with Russia made the country a target and said potential coordination between Tizsa and Ukrainian intelligence was “destabilizing.”
Hungary has clashed repeatedly with Ukraine since well before the full-scale war with Russia began in 2022. For instance, Hungary has accused Ukraine of forcing ethnic Hungarians to study only in Ukrainian at schools and generally repressing them, as well as cutting off Russian gas to Hungary proper. Ukraine, in turn, has been angered by Hungary refusing to allow weapons shipments to Ukraine via its territory and scrutinizing European Union (EU) aid.
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❓What Happened: Arizona has established a Strategic Bitcoin Reserve by enacting House Bill 2749.
👥 Who’s Involved: Governor Katie Hobbs (D), State Representative Jeff Weninger (R), Satoshi Action Fund, and cryptocurrency exchange Coinbase.
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📍 Where & When: Arizona, with the bill signed into law on Thursday, May 8, 2025.
💬 Key Quote: “Arizona just showed the country how to turn forgotten assets into a fortress against inflation,” said Dennis Porter, CEO of the Satoshi Action Fund.
⚠️ Impact: The law aims to transform unclaimed state assets into appreciating digital stores of value, positioning Arizona as a leader in digital asset management.
IN FULL:
Arizona has taken a significant step into the digital financial realm by establishing a Strategic Bitcoin Reserve, becoming the second state in the U.S. to do so. Governor Katie Hobbs (D) signed House Bill 2749 into law on May 8, 2025, officially launching the Arizona Bitcoin & Digital Assets Reserve. This innovative legislation redirects profits from unclaimed property into Bitcoin and other leading digital assets.
The bill, championed by State Representative Jeff Weninger (R), introduces a strategic approach to managing idle state assets. It includes provisions for using interest and staking rewards from abandoned property to fund acquisitions, while ensuring strong diversification rules to prevent Bitcoin from dominating the state’s investment portfolio. The law mandates U.S.-regulated custody for these assets and outlines clear steps for implementation, allowing the state to begin purchasing digital assets.
Dennis Porter, CEO and Co-Founder of the Satoshi Action Fund, a key advocate for the bill, praised the move. “Arizona just showed the country how to turn forgotten assets into a fortress against inflation,” Porter stated. He emphasized that the law converts dormant dollars into “digital gold” without impacting taxpayers.
Cryptocurrency exchange Coinbase also played a crucial role by providing expert testimony, which helped legislators understand the financial and technological implications of Bitcoin-based reserves. This support was pivotal in overcoming legislative hurdles and securing bipartisan backing for the bill.
The law aligns Arizona with New Hampshire in utilizing idle state assets as potentially appreciating stores of value, aiming to safeguard the treasury without raising taxes or dipping into the general fund. Representative Weninger highlighted the legislation’s importance, stating, “Digital assets aren’t the future—they’re the present.” He underscored the law’s role in ensuring Arizona doesn’t leave value on the table and positions the state to lead in digital currency management.
The National Pulse reported in March that President Donald J. Trump laid out key details of his plan to establish a national Bitcoin reserve, issuing an Executive Order creating a federal government reserve of Bitcoin with the goal of retaining an estimated 200,000—mainly sourced through cryptocurrency assets already seized by federal agencies in criminal proceedings.
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By Popular Demand.
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❓What Happened: U.S. Customs and Border Protection (CBP) officers seized 113 grams of fentanyl at the Paso Del Norte crossing in El Paso.
👥 Who’s Involved: A 40-year-old female with U.S. citizenship was arrested. CBP officers, along with Homeland Security Investigations agents, were involved.
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📍 Where & When: The incident occurred at the Paso Del Norte international crossing in El Paso on May 7.
💬 Key Quote: “This is an exceptionally dangerous practice and could be lethal if the packaging were to fail during transport,” said CBP El Paso Port Director Ray Provencio.
⚠️ Impact: The woman faces federal charges for attempting to smuggle drugs internally, highlighting the risks associated with such activities.
IN FULL:
U.S. Customs and Border Protection (CBP) officers at the Paso Del Norte international crossing in El Paso intercepted 113 grams of fentanyl concealed within a 40-year-old woman’s body on May 7. The woman, a pedestrian border crosser with U.S. citizenship, was found with the drugs hidden within her, a method deemed highly dangerous by officials.
CBP officers selected the woman for a secondary inspection just before 3 AM. During this examination, she confessed to having a foreign object concealed inside her body. Subsequently, she was taken to a medical facility, where medical staff confirmed and removed the internally concealed package filled with fentanyl. A follow-up examination revealed no further anomalies.
“This is an exceptionally dangerous practice and could be lethal if the packaging were to fail during transport,” stated CBP El Paso Port Director Ray Provencio. He emphasized the risks associated with such smuggling methods, advising against engaging in any form of smuggling activity.
After the medical procedure, the woman was returned to the port of entry, where she was arrested and handed over to Homeland Security Investigations special agents. She now faces federal charges related to the failed smuggling attempt.
The incident underscores the ongoing attempts by gangs and criminal organisations to smuggle fentanyl into the United States. While President Trump’s border policies have reduced illegal migration by over 90 percent on the southern border, issues still remain with illegal smuggling.
Fentanyl, one of the deadliest drugs on the planet, can kill in small doses. One fentanyl shipment caught by CBP agents last year saw four million pills of fentanyl seized, enough to kill 250 million Americans.
Last month, Republicans introduced legislation that would charge fentanyl dealers with felony murder if their distribution of the drug results in deaths.
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By Popular Demand.
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❓What Happened: The U.S. Food and Drug Administration (FDA) approved two additional natural color additives and expanded the use of a third, aligning with efforts to phase out artificial food dyes being pursued by Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.
👥 Who’s Involved: The FDA, HHS Secretary Robert F. Kennedy Jr., FDA Commissioner Dr. Marty Makary, and U.S. food manufacturers.
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📍 Where & When: The FDA’s approval occurred on Friday in Silver Spring, Maryland.
💬 Key Quote: “Today we take a major step to Make America Healthy Again,” said HHS Secretary Robert F. Kennedy Jr.
⚠️ Impact: The approval supports the transition to natural dyes in food, affecting products like cereals, snacks, and candies.
IN FULL:
The U.S. Food and Drug Administration (FDA) has taken a significant step toward reducing artificial food dyes by approving additional natural color additives. This move aligns with a Department of Health and Human Services (HHS) initiative to eliminate artificial dyes, which are often petroleum-based and lack nutritional value.
The FDA’s recent approval includes Galdieria extract blue, derived from algae, and butterfly pea flower extract. The use of calcium phosphate, a natural compound, has also been expanded. These natural colorings are now permitted in a variety of food products, including fruit juices, cereals, snacks, and candies.
HHS Secretary Robert F. Kennedy Jr. expressed his commitment to making America’s food supply healthier, stating, “For too long, our food system has relied on synthetic, petroleum-based dyes that offer no nutritional value and pose unnecessary health risks. We’re removing these dyes and approving safe, natural alternatives—to protect families and support healthier choices.”
The FDA has been encouraging food companies to voluntarily phase out synthetic dyes, a move supported by some manufacturers like Tyson Foods. FDA Commissioner Dr. Marty Makary emphasized the agency’s dedication to this transition, noting, “FDA staff have been moving quickly to expedite the publication of these decisions, underscoring our serious intent to transition away from petroleum-based dyes in the food supply and provide new colors from natural sources.”
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❓What Happened: Former Congressman George Santos seeks clemency from President Donald J. Trump after being sentenced to 87 months in prison.
👥 Who’s Involved: George Santos, President Trump, federal prosecutors, and former Attorney General Merrick Garland.
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📍 Where & When: New York, sentencing occurred last month; Santos appeared on Piers Morgan Uncensored on Thursday.
💬 Key Quote: “President Trump, I’d appreciate if you could give me a consideration. I’m not an altar boy, I’m not pretending to be one. But I’m not a hardened criminal.” — George Santos.
⚠️ Impact: Santos argues his sentence is overly harsh and claims his experience could help identify other wrongdoers.
IN FULL:
Former Congressman George Santos is appealing to President Donald J. Trump for clemency following his sentencing to 87 months in federal prison. Santos, who pleaded guilty to wire fraud and identity theft, appeared on Piers Morgan Uncensored expressing his hope for a pardon or commutation from the President.
Santos, who was removed from Congress after a House Ethics Report, claims the sentence is excessive for a first-time offender. He argues the case against him was politically motivated, pointing to former Attorney General Merrick Garland’s role in leading the Joe Biden-era Justice Department. “I do believe this is an unfair judgment handed down to me. There was a lot of politicization over the process,” Santos stated.
The former congressman was charged with several schemes involving political donors and government assistance programs, intending to enrich himself while campaigning for New York’s 3rd congressional district. His downfall was marked by accusations of fabricating his resume, lying about his background, and misleading the public regarding a dog charity.
Despite pleading guilty, Santos has been vocal on social media, disputing prosecutors’ claims and maintaining his sentence is disproportionately severe. He contends that his actions, though regrettable, were mistakes and not deserving of such a lengthy prison term. “President Trump, I’d appreciate if you could give me a consideration. I’m not an altar boy, I’m not pretending to be one. But I’m not a hardened criminal,” he pleaded.
Santos also suggests his experiences could serve the country by identifying others engaged in similar misconduct. “Who better… to be able to sniff out other bad actors doing similar actions that I did?” he asked.
WATCH:
‘No one better than President Trump knows what a weaponized justice department looks like.’
George Santos, who is facing seven years in jail for wire fraud and identity theft, makes his plea to Trump.
❓What Happened: Ed Martin, President Donald J. Trump’s initial nominee for U.S. Attorney for the District of Columbia, was spat on by a woman during a Newsmax interview. The U.S. Marshals have identified the woman and plan to arrest her.
👥 Who’s Involved: Acting U.S. Attorney for D.C. Ed Martin, the woman who spat on him, U.S. Marshals, and Daily Caller reporter Vince Coglianese.
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📍 Where & When: The incident took place during a Newsmax interview, shortly after Trump’s decision to withdraw Martin’s nomination for a top prosecutor role in Washington, D.C.
💬 Key Quote: “Ed Martin tells me the U.S. Marshals do know who the woman is who spit on him yesterday during a Newsmax appearance,” Vince Coglianese reported.
⚠️ Impact: The footage has gone viral, with many calling for legal action against the woman.
IN FULL:
Ed Martin, President Donald J. Trump‘s initial nominee for a top federal prosecutor position in Washington, D.C., was the target of a spitting assault during an interview on May 9. The woman involved has been identified by the U.S. Marshals, who are preparing to arrest her.
The event unfolded while Martin was speaking with reporters, and the woman, while passing by, angrily identified him by name before spitting on him. She further insulted Martin, calling him a “disgusting man,” while walking her small dog.
The incident quickly gained traction online, with the video being viewed by millions. Many have criticized the woman, labeling her as a “psychotic lib” and a “feral leftist.” There are calls for her to face legal consequences.
“Ed Martin tells me the U.S. Marshals do know who the woman is who spit on him yesterday during a Newsmax appearance,” radiohost Vince Coglianese said.
The backdrop to this incident is President Trump’s recent decision to withdraw Martin’s nomination for the federal prosecutor role. This decision came after Senator Thom Tillis (R-NC) expressed his unwillingness to support Martin over his handling of January 6 cases. Tillis remarked, “I have no tolerance for anybody that entered the building on January 6, and that’s probably where most of the friction was.” Martin’s interim term as U.S. Attorney expires on May 20.
Following the withdrawal, Trump nominated Judge Jeanine Pirro. Martin will now serve as the Director of the Weaponization Working Group, Associate Deputy Attorney General, and Pardon Attorney in the Justice Department.
Trump praised Martin’s work as interim U.S. Attorney and expressed confidence in his new role, stating that Martin would “provide much needed Justice” for victims of government weaponization under the current administration.
The spitting incident is just the latest act of leftist violence. It comes just days after Antifa militants assaulted people in Seattle with feces and threatened elderly people at a Turning Point USA event.
WATCH:
DC Attorney Ed Martin got spit on during an interview.
❓What Happened: Governor of Massachusetts Maura Healey (D) posted photos with Chinese Communist Party (CCP) diplomat Chen Li, expressing gratitude for the meeting.
👥 Who’s Involved: Gov. Maura Healey, Chinese Consul General Chen Li, and former Massachusetts Secretary of Economic Development Yvonne Hao.
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📍 Where & When: Massachusetts State House, Wednesday evening, May 7, 2025.
💬 Key Quote: “Grateful for the opportunity to discuss future collaboration!” Gov. Maura Healey wrote regarding her meeting with the CCP official.
⚠️ Impact: Concerns over Chinese influence in the U.S., especially among Democratic politicians.
IN FULL:
Massachusetts Governor Maura Healey (D) recently hosted Chinese Consul General Chen Li at the State House, sharing the occasion with a series of photos and remarks on social media. The Democratic governor expressed her appreciation for the meeting, emphasizing the importance of Massachusetts’ economic ties with China. The meeting also included Yvonne Hao, the former Massachusetts Secretary of Economic Development, who continues to advise the Healey administration.
“Massachusetts is home to a vibrant Chinese-American community, and China is one of our largest trading partners,” Gov. Healey wrote in a post on X. She added: “Glad to welcome Ambassador H.E. Chen Li of the People’s Republic to China to the State House, and grateful for the opportunity to discuss future collaboration!”
Governor Healey highlighted the state’s significant trade relations with China, its third-largest trading partner, with over $7.2 billion in goods exchanged in 2024. She noted the state’s imports from China include toys, apparel, and sports equipment, while exports to China comprise industrial machinery and medical devices.
Chen Li, whose jurisdiction as consul general spans nearly a dozen states, has been known for echoing Chinese Communist Party (CCP) narratives, particularly in denying allegations of genocide against Uyghurs. He expressed his pleasure at the meeting with the Democrat governor.
The meeting has raised eyebrows, given the history of Chinese diplomats engaging with U.S. politicians and institutions. Chen’s predecessor, Huang Ping, was involved in an indictment related to violations of the Foreign Agents Registration Act (FARA), visa fraud, and other charges.
Notably, The National Pulse has previously reported that another major Massachusetts political figure, Boston Mayor Michelle Wu, received significant campaign contributions from a CCP-linked cultural association. Even more troubling, the head of the Chinese cultural group has demonstrable ties to the United Front Work Department (UFWD), an internal intelligence and propaganda organ within the CCP.
❓What Happened: Transgenders in the U.S. military are being given between 30 and 60 days to self-separate after the Supreme Court cleared the way for the Trump administration to enforce a ban on their service.
👥 Who’s Involved: Defense Secretary Pete Hegseth, approximately 1,000 transgender service members, and the Supreme Court.
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📍 Where & When: U.S. military, with deadlines for self-separation being set by June 6 for active duty and July 7 for reservists, according to a Department of Defense (DOD) memo published on Thursday, May 9, 2025.
💬 Key Quote: “After a SCOTUS victory for [President Trump], TRANS is out at the DOD,” Hegseth announced on X (formerly Twitter).
⚠️ Impact: The ruling affects military readiness policies and a broader effort to remove diversity, equity, and inclusion policies at the Department of Defense (DOD).
IN FULL:
The Department of Defense (DOD) has initiated a timeline for transgender service members to voluntarily separate from the military following a Supreme Court order clearing the way for a ban on their service in the U.S. military. A recent memo from Defense Secretary Pete Hegseth outlines that approximately 1,000 service members who have identified as having gender dysphoria must begin the process of self-separation. Active duty members are required to exit by June 6, with reservists having until July 7 to comply.
This development follows the Supreme Court’s decision to stay a lower court ruling, effectively allowing the Trump administration’s ban on transgender troops to proceed. The administration argues that this policy is essential for maintaining military readiness, unit cohesion, and avoiding the disproportionate costs associated with transgenders’ need for often lifelong medical care.
Pentagon spokesman Sean Parnell expressed satisfaction with the court’s decision, stating: “The Secretary is encouraged by the Supreme Court’s order staying the lower court’s injunction, allowing the Department of Defense to carry out its policies associated with ‘Prioritizing Military Excellence and Readiness.'”
Hegseth, in an announcement on X (formerly Twitter), declared, “After a SCOTUS victory for [President Trump], TRANS is out at the DOD.” He further noted that service members with a current diagnosis or history of gender dysphoria could choose to separate voluntarily by the set deadlines, or face involuntary removal if they fail to do so.
The Trump administration’s policy, initially introduced via Executive Order in January, mandates updates to medical standards to prioritize readiness and lethality. It also seeks to eliminate the use of invented and identification-based pronouns within the Department of Defense.
The Pentagon’s move is part of a broader initiative to eliminate policies related to diversity, equity, and inclusion (DEI) and gender ideology. Hegseth recently announced that nearly all DEI-related policies have been removed from the Department, alongside efforts to standardize fitness tests for men and women.
From January 2016 to May 2021, the Department of Defense reportedly spent around $15 million on transgender treatments for active-duty service members. This financial aspect has been a point of contention in discussions about military spending and readiness.
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❓What Happened: Mexico is suing Google for listing the Gulf of Mexico as the Gulf of America on Google Maps for U.S. users.
👥 Who’s Involved: President Claudia Sheinbaum, Google, President Donald J. Trump, the Republican-led House of Representatives.
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📍 Where & When: Sheinbaum announced the lawsuit on Friday, May 9, 2025; the name change was initiated in January with Trump’s Executive Order.
💬 Key Quote: “All we want is for the decree issued by the U.S. government to be complied with,” President Sheinbaum stated, asserting that Trump’s order to rename the Gulf only applies to the U.S.’s portion of the continental shelf.
⚠️ Impact: The renaming has led to international tensions and a legal dispute, with broader implications for U.S. foreign relations.
IN FULL:
Mexico has initiated legal action against Google for its decision to rename the Gulf of Mexico as the Gulf of America on its Maps platform for U.S. users, according to Mexican President Claudia Sheinbaum. The controversy began when the Republican-controlled House of Representatives voted to officially rename the Gulf for federal agencies. This move followed an executive order signed by President Donald J. Trump on his first day in office, arguing that Americans “do most of the work there, and it’s ours.”
President Sheinbaum has expressed her government’s stance that Trump’s order should apply solely to the U.S. portion of the continental shelf, insisting that the U.S. does not possess the authority to rename the entire Gulf. “All we want is for the decree issued by the U.S. government to be complied with,” she stated.
In January, Sheinbaum reached out to Google, requesting a reconsideration of the name change. When no action was taken, she threatened legal proceedings in February. Google has maintained that the change aligns with its “longstanding practice” of adopting name changes when updated by official government sources. The tech giant clarified that the Gulf’s name would remain unchanged for users in Mexico, while users globally would see “Gulf of Mexico (Gulf of America).”
The Associated Press (AP) has also been caught in the crossfire. Its refusal to adopt the new name led to a prolonged conflict with the White House, which restricted AP’s access to certain events until a federal judge intervened in April.
Further complicating matters, President Trump hinted at potentially renaming another body of water. During an upcoming visit to Saudi Arabia, he intends to announce that the U.S. will refer to the Persian Gulf as the Arabian Gulf or the Gulf of Arabia. This has prompted a strong reaction from Iranian Foreign Minister Abbas Araqchi, who hopes the “absurd rumours” are merely a “disinformation campaign,” warning that such actions would provoke significant backlash from Iranians.
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