Monday, February 2, 2026

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The California Wildfires: What Causes Them and Why Are They Happening?

A wildfire in California has forced the evacuation of over 30,000 people in the Pacific Palisades and parts of Santa Monica near Los Angeles as the flames rage out of control. The cause of the fire, which ignited yesterday, remains unclear. Despite the ‘wrath of nature’ narrative that has formed around the devastating fires, a series of human actions could either have caused the wildfires or at least fueled their rapid spread.

The conflagration has been primarily fueled by a months-long drought and powerful Santa Ana winds coming off the mountains to the east, exacerbated by the recent atmospheric bomb cyclone that brought snow to the Great Plains and the northeastern United States. However, state mismanagement may have greatly exacerbated the situation.

STATE MANAGEMENT. 

President-elect Donald J. Trump has repeatedly pressed California to focus on forest and brush management as a means of mitigating the massive wildfires that have come to devastate populated areas of the state every few years. A lack of state action has allowed large amounts of debris, including dried leaves, downed trees, and scrub, to build up, which can act as fuel for the fires.

In 2018, then-President Trump chastised Governor Gavin Newsom (D-CA) in the burned-out remains of the Town of Paradise after wildfires destroyed the locality. “You’ve got to take care of the floors, you know, the floors of the forests,” Trump said. “You look at other countries where they do it differently, and it’s a whole different story.”


President Trump repeated his advice again in 2020, after a new round of wildfires devastated parts of California. “I see again the forest fires are starting,” he said. “They’re starting again in California. I said, you gotta clean your floors, you gotta clean your forests — there are many, many years of leaves and broken trees and they’re like, like, so flammable, you touch them and it goes up.”

“Maybe we’re just going to have to make them pay for it because they don’t listen to us,” Trump added.

WHAT CAUSED THE FIRES? 

The source of the fires is not yet known, but in the past, they have been sparked by any number of natural and human causes. Lighting strikes have kicked off conflagrations, though this does not appear to be the case in this instance. More often than not, wildfires begin because of either an incident of arson—including illegal immigrants starting a campfire or simply flicking a cigarette into the dried brush—or because of high winds down a power line.

Even more troubling, though, is what can cause these fires to spread. Besides the powerful Santa Ana winds, which supercharge the fires and spread embers over vast areas, California’s water management is also partially to blame. Firefighters battling the current inferno have found a number of fire hydrants without water, frustrating their efforts.

The lack of hydrant water, sustained high winds, and months of tried brush fuel built up across the Pacific Palisades resulted in over 3,000 acres being consumed by flames by Tuesday night, even though the wildfires only began Tuesday morning.

By Popular Demand.
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Trump’s Affordability Push Drops Rents to Four-Year Low.

PULSE POINTS

WHAT HAPPENED: National median rent has fallen to its lowest level since 2022, with rents posting their sixth straight monthly decline in January, down 6.2 percent from their peak under the Biden government.

👤WHO WAS INVOLVED: President Donald J. Trump, renters across the U.S., and real estate market analysts.

📍WHEN & WHERE: January 2026, across major U.S. cities including Los Angeles, Denver, Phoenix, and more.

💬KEY QUOTE: “2026 is shaping up to be one of the more renter-friendly periods we’ve seen in a decade,” said luxury real estate broker Michelle Griffith.

🎯IMPACT: Renters across the country are experiencing relief as housing costs decline, while President Trump continues to focus on long-term affordability and homeownership solutions.

IN FULL

President Donald J. Trump is delivering measurable relief to Americans facing high housing costs, with new data showing the national median rent has fallen to its lowest level since 2022. Rents declined for the sixth consecutive month in January, marking the steepest year-over-year drop in more than two years, down 6.2 percent from their peak under the Biden government.

“2026 is shaping up to be one of the more renter-friendly periods we’ve seen in a decade,” said luxury real estate broker Michelle Griffith, pointing to broad-based declines across the country. Major metro areas, including Los Angeles, Denver, Phoenix, and Pittsburgh, are reporting notable reductions in rental prices. In Los Angeles, rents have fallen to a four-year low, while Denver renters are seeing the most affordable prices in at least nine years, according to market data.

These gains for renters come amid a broader affordability push under President Trump, as Americans benefit from multi-year-low gas prices, easing mortgage rates, tax refunds, and rising wages. The White House credits stronger immigration enforcement as one factor easing pressure on housing demand, boosting wages for American workers, and improving overall affordability, as reduced competition for housing has helped stabilize prices while strengthening labor markets.

At the same time, President Trump has taken direct aim at large corporate investors, making clear that “homes are for people, not corporations.” His administration has advanced reforms designed to curb Wall Street’s dominance in the housing market and ensure families, not institutional buyers, are renting and owning homes.

Beyond housing, the administration’s affordability agenda has extended to other household costs, including aggressive action to lower prescription drug prices, further reducing financial strain for working families and seniors.

President Trump has made clear that restoring the American Dream of homeownership, not merely lower rents, remains a central goal of his administration. “Homes are built for people, not for corporations, and America will not become a nation of renters,” he said last month.

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Here’s What We Know About the Trump Kennedy Center Renovations Closure.

PULSE POINTS

WHAT HAPPENED: The Donald J. Trump and John F. Kennedy Memorial Center for the Performing Arts will close for two years for major renovations starting July 4, 2026.

👤WHO WAS INVOLVED: President Donald J. Trump and Trump Kennedy Center Vice President of Public Relations Roma Daravi.

📍WHEN & WHERE: Announced for July 4th, 2026, at the Trump Kennedy Center, Washington, D.C.

💬KEY QUOTE: “This important decision, based on input from many Highly Respected Experts, will take a tired, broken, and dilapidated Center, one that has been in bad condition, both financially and structurally for many years, and turn it into a World Class Bastion of Arts, Music, and Entertainment, far better than it has ever been before. America will be very proud of its new and beautiful Landmark for many generations to come. Thank you for your attention to this matter!” – Donald Trump

🎯IMPACT: The project aims to transform the Kennedy Center into a world-class facility, reflecting the beauty of America.

IN FULL

President Donald J. Trump has announced that the recently renamed Trump Kennedy Center, of which he is chairman, will close for a two-year period starting July 4, 2026, to allow for comprehensive renovations. This decision follows a review involving contractors, musical experts, art institutions, and other advisors.

“The Trump Kennedy Center will close on July 4th, 2026, in honor of the 250th Anniversary of our Country, whereupon we will simultaneously begin Construction of the new and spectacular Entertainment Complex,” the President wrote on his Truth Social platform, adding: “Financing is completed, and fully in place! This important decision, based on input from many Highly Respected Experts, will take a tired, broken, and dilapidated Center, one that has been in bad condition, both financially and structurally for many years, and turn it into a World Class Bastion of Arts, Music, and Entertainment, far better than it has ever been before. America will be very proud of its new and beautiful Landmark for many generations to come. Thank you for your attention to this matter!”

Roma Daravi, Vice President of Public Relations at the Trump Kennedy Center, stated that despite financial stability achieved under Trump’s leadership, the building remains in physical disrepair, explaining: !In less than 1 year, Trump has balanced the budget, raised over $130 million from donors, and secured $257 million from Congress. We are financially stable yet the building is still physically in trouble.”

“Decades of gross negligence left this institution with a broken budget, $100 million operating deficit, $26 million bottom-line deficit, and $250 million of deferred maintenance needs,” she added, stressing that “With President Trump’s proven record of delivering projects under budget and ahead of schedule, the finished Center will reflect the true beauty of America.”

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DATA: Americans Overwhelmingly Support Enforcing Borders, Deporting Criminal Illegals.

PULSE POINTS

WHAT HAPPENED: Two new polls reveal overwhelming American support for President Donald J. Trump’s immigration policies, including deporting illegal aliens and empowering U.S. Immigration and Customs Enforcement (ICE).

👤WHO WAS INVOLVED: President Trump, ICE, illegal aliens, and the American public.

📍WHEN & WHERE: Polls were conducted recently in the U.S., amid Democrat agitation against immigration enforcement.

💬KEY QUOTE: “Americans are rallying behind President Trump’s agenda—and Democrats’ extremism couldn’t be more out of touch.” – White House

🎯IMPACT: The findings highlight strong public support for enforcing immigration laws, deporting criminal illegal aliens, and rejecting Democrat-led calls to defund ICE.

IN FULL

Recent polls indicate strong public support for key aspects of President Donald Trump’s immigration enforcement policies, including deportations and cooperation with federal authorities. One poll found that 73 percent of respondents agree that entering the U.S. without permission constitutes breaking the law, and 61 percent percent support deporting illegal immigrants to their home countries.

Fifty-eight percent reject calls to defund U.S. Immigration and Customs Enforcement (ICE), which has become a central stance for some Democrats. Additionally, 54 percent support ICE in enforcing federal immigration laws.

A separate survey shows 73 percent believe criminal illegal immigrants should be deported, with over half applying that view to all illegal immigrants lacking a lawful right to remain in the country. Sixty-seven percent favor state and local officials cooperating with federal authorities to deport criminal illegal immigrants, including 64 percent of independents. Similarly, 67 percent believe local jails should turn over criminal illegal immigrants to federal authorities for deportation, with support from 62 percent of independents and 50 percent of Democrats.

The polling also reveals that 60 percent view Democrats as actively encouraging resistance to ICE officers performing their duties to protect public safety. Fifty-seven percent oppose elected officials inciting chaos by calling for defiance against ICE.

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By Popular Demand.
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More Minnesota Church Invaders Arrested Following Don Lemon Indictment.

PULSE POINTS

WHAT HAPPENED: Attorney General Pam Bondi announced the arrest of two more suspects linked to a protest at a Minnesota church, following a federal indictment.

👤WHO WAS INVOLVED: Ian Davis Austin, Jerome Deangelo Richardson, journalist Don Lemon, and others named in the indictment.

📍WHEN & WHERE: The arrests followed a January 18 protest at Cities Church in St. Paul, Minnesota.

💬KEY QUOTE: “If you riot in a place of worship, we WILL find you,” Bondi said.

🎯IMPACT: Austin and Richardson are among nine suspects charged in a federal indictment alleging a conspiracy to violate religious freedom at a place of worship, as well as injuring, intimidating, and interfering with the free exercise of religion.

IN FULL

Attorney General Pam Bondi announced Monday the arrests of Ian Davis Austin and Jerome Deangelo Richardson in connection with a January 18 storming of the Cities Church in St. Paul, Minnesota, by anti-ICE activists and Don Lemon, bringing renewed attention to a federal investigation into the disruption of a worship service in a coordinated attack on the church.

Austin and Richardson are among nine suspects charged in a federal indictment alleging a conspiracy to violate religious freedom at a place of worship, as well as injuring, intimidating, and interfering with the free exercise of religion. The protest targeted the church’s pastor over alleged ties to U.S. Immigration and Customs Enforcement (ICE) and took place during a live church service.

According to federal authorities, demonstrators stormed the sanctuary, chanted slogans opposing ICE, and interrupted worship, causing alarm among congregants. The Department of Homeland Security (DHS) characterized the incident as a “coordinated attack on the church,” citing the organized nature of the protest and the timing during religious services.

Bondi warned in a social media post, “If you riot in a place of worship, we WILL find you.” Prosecutors have argued that the actions inside the church went beyond protected protest activity and crossed into criminal interference with religious worship. Authorities allege that some participants coordinated travel, livestreaming, and on-site disruptions to maximize attention during the service.

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FACT CHECK: Epstein Email Claiming Trump Hates Black Women, Calls them ‘Boogers’ Appears FAKE.

PULSE POINTS

WHAT HAPPENED: A supposed email among newly-released Jeffrey Epstein-related documents, suggesting President Donald J. Trump dislikes black women, appears to be fake.

👤WHO WAS INVOLVED: Jeffrey Epstein, the “Groyper” movement, the International Business Times, and President Trump.

📍WHEN & WHERE: The alleged email began to be circulated on February 1, but has now been deleted.

💬KEY QUOTE: “Trump will be there, [he] doesn’t like black girls, calls them ‘boogers’, won’t go [with them] in 10 feet,” read the alleged, seemingly fabricated email.

🎯IMPACT: A search of the Justice Department’s Epstein Library fails to turn up any sign of the email, and the AF Post account on X (formerly Twitter), which originally shared it, has since deleted it.

IN FULL

A supposed email from Jeffrey Epstein suggesting President Donald J. Trump dislikes black women, shared on X (formerly Twitter) by AF Post and reported by the International Business Times—despite the fact that it had not authenticated it—appears to be fraudulent.

A screenshot of the supposed email shared by AF Post, associated with Nick Fuentes’s anti-Trump Groyper movement and founded by former drug addict Aidan Thompson, shows an unidentified person emailing Epstein to say they planned to bring at least two women to an event, writing, “They’re up for anything, you’ll love them.”

“Not a good idea,” Epstein replies, adding, “Trump will be there, [he] doesn’t like black girls, calls them ‘boogers’, won’t go [within] in 10 feet.” AF Post shared the alleged email alongside a picture of Trump with Nicki Minaj, a black rapper and supporter, and it was subsequently reshared by many other accounts.

Crucially, however, the email appears to be a fabrication. The International Business Times, choosing to cover the email despite not having verified it, conceded five paragraphs into its report: “One should note, however, that the post was unverified and the document shared hasn’t been authenticated. It remains unconfirmed if they are among the official documents released by the Department of Justice as part of the Epstein files.”

A search of the Epstein Library made available online by the Department of Justice (DOJ) fails to turn up any sign of the email. Importantly, AF Post has deleted the post sharing it, suggesting they no longer believe it is genuine—although they have not issued a correction, and it can still be seen embedded in the IB Times report, which remains live as of the time of publication.

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By Popular Demand.
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Appeals Court Dismisses Complaint Against Anti-Trump Obama Judge.

PULSE POINTS

WHAT HAPPENED: A federal appeals court judge dismissed a judicial misconduct complaint filed by the Justice Department against anti-Trump U.S. District Judge James Boasberg.

👤WHO WAS INVOLVED: Judge James Boasberg, Judge Jeffrey Sutton, the Justice Department, Chad Mizelle, and President Donald J. Trump.

📍WHEN & WHERE: The complaint was filed in July 2025, and the dismissal occurred in December 2025, with proceedings involving the 6th Circuit Court of Appeals.

💬KEY QUOTE: “A repetition of uncorroborated statements rarely supplies a basis for a valid misconduct complaint.” – Judge Jeffrey Sutton in his dismissal order.

🎯IMPACT: The dismissal highlights the ongoing tensions between Judge Boasberg and the Trump Administration over issues from immigration to former Special Counsel Jack Smith’s investigations of President Trump.

IN FULL

A judicial misconduct complaint against U.S. District Judge James Boasberg has been dismissed by Judge Jeffrey Sutton of the Sixth Circuit Court of Appeals, who concluded that the Justice Department (DOJ) failed to provide evidence to support its allegations. The complaint was filed by Chad Mizelle, a former senior Justice Department official, and accused Boasberg of making improper remarks about the Trump administration during a closed-door meeting of the Judicial Conference. According to the complaint, Boasberg suggested that the administration might ignore federal court rulings and trigger a constitutional crisis.

Judge Sutton said the allegation rested on unsupported claims rather than verified evidence. “In the absence of the attachment, the complaint offers no source for what, if anything, the subject judge said,” Sutton wrote. He also rejected reliance on media commentary cited in the filing, stating that “a repetition of uncorroborated statements rarely supplies a basis for a valid misconduct complaint.”

The complaint referenced a Fox News clip discussing the alleged remarks, but Sutton said it did not independently substantiate the claim. He concluded that the materials provided were insufficient to establish judicial misconduct under governing standards.

Boasberg, the chief judge of the U.S. District Court for the District of Columbia, appointed by President Barack Obama, has been a frequent target of criticism from President Donald J. Trump and Republican lawmakers for his aggressive rulings against the administration. He has presided over multiple high-profile cases, most notably challenges to the administration’s use of the Alien Enemies Act to deport Venezuelan migrants. In that litigation, Boasberg temporarily blocked deportation flights and claimed to have found probable cause to consider holding government officials in contempt for failing to comply with his orders.

An appeals court subsequently set aside Boasberg’s contempt ruling, a decision welcomed by the administration and its allies. Nevertheless, Boasberg has continued to warn that contempt proceedings could be revived if his partisan orders are disregarded, fueling tensions between the judiciary and the executive branch.

Some Republican lawmakers have moved impeachment proceedings against Boasberg, citing his handling of immigration cases and his role in matters connected to former Special Counsel Jack Smith’s “Arctic Frost” investigation targeting President Trump and his allies. Critics have accused Boasberg of judicial overreach and bias, allegations the Obama judge has not publicly addressed.

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By Popular Demand.
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ProPublica Doxxes Agents Who Shot Alex Pretti – They’re Both Hispanic.

PULSE POINTS

WHAT HAPPENED: ProPublica doxxed the names of two federal immigration agents involved in the fatal shooting of Minneapolis agitator Alex Pretti, revealing both are Hispanic men.

👤WHO WAS INVOLVED: Border Patrol agent Jesus Ochoa, 43, and Customs and Border Protection (CBP) officer Raymundo Gutierrez, 35, were identified as the agents. Pretti, a 37-year-old male nurse, was the shot agitator.

📍WHEN & WHERE: The shooting occurred on January 24 in Minneapolis, Minnesota.

💬KEY QUOTE: “[S]ecrecy, in our view, deprives the public of the most fundamental tool for accountability,” claimed ProPublica’s editors.

🎯IMPACT: The Department of Justice (DOJ) has confirmed that its Civil Rights Division is reviewing the Pretti case.

IN FULL

ProPublica has doxxed two Hispanic men, Border Patrol agent Jesus Ochoa and Customs and Border Protection (CBP) officer Raymundo Gutierrez, as the two federal agents involved in the fatal shooting of anti-ICE agitator Alex Pretti in Minneapolis, Minnesota. The agents, both originally from South Texas, were participating in Operation Metro Surge, a major immigration enforcement initiative that began in December.

Following the shooting, both were placed on administrative leave. In explaining their decision to expose the men’s names, potentially exposing them and their families to far-left or immigrant-linked violence, despite the fact they have not been charged with a crime, ProPublica’s editors wrote: “ProPublica is publishing the names of the two federal immigration agents involved in the fatal shooting of Minnesota protester Alex Pretti. We believe there are few investigations that deserve more sunlight and public scrutiny than this one, in which two masked agents fired 10 shots at Pretti as he lay on the ground after being pepper-sprayed.”

The shooting took place on January 24 during an attempt by agents to clear Pretti and a woman from a roadway. Pretti resisted, prompting agents to yell “He’s got a gun!” before opening fire. Federal authorities later confirmed that Pretti was armed with a legally permitted handgun. Available video from the scene depicts a highly chaotic confrontation, with some accounts claiming an agent seized Pretti’s firearm prior to the shots being fired.

Pretti, a 37-year-old nurse employed at a U.S. Department of Veterans Affairs, had attacked immigration agents the week prior to his shooting, swearing and spitting at them and kicking out a law enforcement vehicle’s taillight before scuffling with officers, again with his gun on his belt.

He was the second activist killed by federal agents in Minneapolis in recent weeks, following the fatal shooting of Renee Good after she hit an officer with her SUV earlier in January.

This situation in Minnesota stands in sharp contrast to the orderly, collaborative immigration enforcement operation seen in West Virginia over the same period, where federal and local partners worked together to detain hundreds of illegal aliens without reported violence or major public backlash, without the resistance from agitators and Democrat officials seen in Minneapolis.

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Two-Week ICE Op Nabs Hundreds of Illegals Without Incident – Because State and Local Officials Cooperated.

PULSE POINTS

WHAT HAPPENED: U.S. Immigration and Customs Enforcement (ICE) officers arrested more than 650 illegal aliens across West Virginia during a two-week statewide operation.

👤WHO WAS INVOLVED: ICE, 14 federal, state, and local law enforcement partners, and the arrested migrants.

📍WHEN & WHERE: January 5-19, 2026, in cities including Charleston, Martinsburg, Beckley, and more across West Virginia.

💬KEY QUOTE: “This operation demonstrates how strong partnerships between ICE and West Virginia law enforcement agencies enhance public safety and the integrity of our immigration system.” – Michael Rose, ICE Enforcement and Removal Operations (ERO) Philadelphia acting Field Office Director.

🎯IMPACT: Over 650 arrests were made, including migrants with criminal convictions, without incident, proving that the recent violent disorder in Minnesota could have been avoided if agitators and state officials had not sought to disrupt operations.

IN FULL

In a successful two-week immigration enforcement effort in West Virginia from January 5 to January 19, 2026, U.S. Immigration and Customs Enforcement (ICE) officers worked alongside 14 federal, state, and local law enforcement partners to arrest more than 650 migrants who were in the country illegally. The operation spanned several cities, such as Charleston, Martinsburg, Beckley, Moorefield, Morgantown, and Huntington, and prioritized migrants who posed a risk to public safety and national security.

Acting Field Office Director for ICE Enforcement and Removal Operations in Philadelphia, Michael Rose, highlighted the value of state and local collaboration: “This operation demonstrates how strong partnerships between ICE and West Virginia law enforcement agencies enhance public safety and the integrity of our immigration system,” Rose said. He further explained that ICE’s training and support for local agencies have boosted their ability to locate, detain, and handle cases while upholding high standards of conduct and legal compliance

Detainees also included people with prior convictions for child sex abuse, drug possession, and other crimes. The Jefferson County Sheriff’s Office, a participating agency, commended the ICE team’s approach: “The Sheriff’s Office was impressed with the professionalism and work ethic of the agents and how well they interacted with the citizens and local law enforcement officers,” Sheriff Tom Hansen stated, adding, “We are also gratified that through this program, we have had the opportunity to remove numerous dangerous criminals from our community.”

The effort in West Virginia showcased how effective cooperation between federal immigration authorities and willing local partners can lead to targeted arrests without disorder. In stark contrast, recent large-scale ICE operations in Minnesota have encountered significant resistance from Democrat state officials and local agitators, resulting in violence and two deadly shootings of activists attempting to disrupt immigration enforcement operations.

Vice President J.D. Vance, during a January 2026 visit to Minneapolis, attributed the chaos to “far-left agitators” and uncooperative local officials, arguing that greater cooperation from state and local law enforcement would substantially reduce the unrest.

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HERE WE GO AGAIN: CIA, Clinton-Linked Trump Impeachment Originator Peddles New ‘Whistleblower’ Intel Complaint.

PULSE POINTS

WHAT HAPPENED: The lawyer who represented the whistleblower in the first failed partisan impeachment case against President Donald J. Trump has now set his sights on Director of National Intelligence (DNI) Tulsi Gabbard.

👤WHO WAS INVOLVED: DNI Gabbard, lawyer Andrew Bakaj, an unnamed whistleblower, and intelligence officials.

📍WHEN & WHERE: Congress was informed of the whistleblower’s complaint last year, with reports of delays regarding the full report reaching Congress being reported on February 2.

💬KEY QUOTE: “Baseless and politically motivated.” – Intelligence officials regarding the complaint.

🎯IMPACT: The case appears to be yet another partisan whistleblower complaint, following a trend from Bakaj.

IN FULL

The lawyer who spearheaded the first failed partisan impeachment effort against President Donald J. Trump is now setting his sights on Director of National Intelligence (DNI) Tulsi Gabbard, complaining that his client’s complaint has yet to be sent to Congress due to classification issues.

The classified whistleblower complaint has remained stuck inside Gabbard’s agency for months, prompting an unusual internal standoff and drawing attention to the lawyer representing the whistleblower, Andrew P. Bakaj, known for his role in President Trump’s first impeachment case.

The current complaint was submitted in May 2025 to the intelligence community’s inspector general and was classified at a level that has complicated its handling. According to people familiar with the matter, the document has been stored in a secure safe accessible only under strict protocols.

Bakaj has publicly complained about the situation, saying, “From my experience, it is confounding for [Gabbard’s office] to take weeks—let alone eight months—to transmit a disclosure to Congress.”

Gabbard’s office has pushed back strongly, rejecting claims that it is obstructing the process. Officials have characterized the allegations as “baseless and politically motivated,” arguing that the complaint presents unique classification and jurisdictional challenges that must be resolved before any congressional notification can occur.

Bakaj, the chief legal counsel at the nonprofit Whistleblower Aid, has repeatedly pressed intelligence officials to transmit the complaint to Congress. He previously served as lead attorney for the Central Intelligence Agency (CIA) officer whose 2019 whistleblower disclosure helped trigger the first failed impeachment of President Trump during his first term. Later reports revealed the whistleblower had direct ties to the Biden family’s business affairs in Ukraine.

Bakaj’s continued involvement in sensitive national security complaints appears to reinforce perceptions that whistleblower mechanisms are being abused as political weapons. In the current case, intelligence officials say the inspector general determined some of the allegations against Gabbard lacked credibility, while being unable to assess other claims. Bakaj has disputed that characterization, saying he was never informed that any part of the complaint had been deemed not credible.

Lawmakers became aware of the complaint in November, after Bakaj sent a letter to the House and Senate intelligence committees.

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Trump’s ‘Project Vault’ Plan to Stockpile Critical Minerals Boosts Mining Shares.

PULSE POINTS

WHAT HAPPENED: Shares of U.S.-listed rare earth miners surged following news of a strategic stockpile plan.

👤WHO WAS INVOLVED: President Donald J. Trump, MP Materials, USA Rare Earth, Critical Metals Corp.

📍WHEN & WHERE: February 2, 2026, United States.

🎯IMPACT: Trump’s initiative could boost domestic demand and government-backed financing for rare earth sectors, while reducing U.S. dependence on China.

IN FULL

Shares of U.S.-listed rare-earth mining companies rose on February 2 after reports that President Donald J. Trump is advancing a plan to build a strategic stockpile of critical minerals through a partnership with the private sector. The initiative, known as Project Vault, is intended to strengthen domestic supply chains and reduce U.S. dependence on China for materials essential to industries such as electric vehicles, renewable energy, and defense.

According to Bloomberg, citing senior administration officials, the proposal would be financed with $1.67 billion in private capital and a $10 billion loan from the U.S. Export-Import Bank. Unlike traditional government reserves, the stockpile would be structured to support private-sector participation while ensuring access to key materials during supply disruptions.

Market reaction was swift. MP Materials, which operates the Mountain Pass rare earth mine in California, gained about four percent in early trading. Shares of USA Rare Earth and Critical Metals Corp climbed roughly seven percent and eight percent, respectively, as investors anticipated increased domestic demand and stronger government backing for U.S.-based producers.

USA Rare Earth is presenting its mining and magnet manufacturing assets as key to a potential arrangement with the federal government. Those talks could result in approximately $1.6 billion in funding, subject to certain conditions, and may include an equity stake for the U.S. government.

Federal involvement in the rare earth sector has expanded in recent years. The Department of War previously entered into a major agreement with MP Materials that included both an equity investment and a long-term purchase commitment for rare earth minerals and magnets, reflecting the strategic importance of these materials.

Rare earth elements are a group of 17 metals used in high-performance magnets, electronics, advanced weapons systems, and renewable energy technologies. China currently dominates global refining and magnet production, but President Trump believes this is not an inevitable consequence of geography, as the materials are not actually all that rare, they are simply difficult to process.

Beyond domestic initiatives, the Trump administration has also pursued international agreements to diversify supply. The Trump administration has announced major rare earth and critical minerals deals with allies in Asia and with Australia, aimed at reducing the leverage China gets from being able to restrict exports. A deal on rare earths has also been struck with Ukraine.

At the same time, major U.S. technology companies have committed hundreds of millions of dollars to support domestic rare earth mining and processing, underscoring growing private-sector alignment with government efforts.

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