President Donald Trump has posted an artificial intelligence-generated image of himself dressed as pope.
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Today's Political News Compilation - Friday, May 2, 2025
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Trump family's net worth has increased by $2.9 billion thanks to crypto investments, new report says
By Madeleine May and Ji Ling KentPresident Trump's venture into crypto products has increased his family's wealth by billions in the last six months, according to a new report, as his administration continues to loosen the federal government's regulatory approach to the digital currency industry as a whole.
The group State Democracy Defenders Action estimated in a new report
that the president's crypto holdings now represent nearly 40% of his net worth — or approximately $2.9 billion. That increase is due in part to his release of the $TRUMP and $MELANIA meme coins, in addition to a large stake in World Liberty Financial, a crypto exchange affiliated with the Trump family that launched in October 2024. State Democracy Defenders Action identifies itself as non-partisan, but it is overseen by frequent critics of President Trump, with an agenda focused on "the autocratic threat to our nation."
The president's net worth is expected to get another bump, with World Liberty Financial's announcement this week that a Abu Dhabi-backed firm will invest billions of dollars in the Trump family-affiliated crypto fund. The Emirati firm, MGX, will purchase $2 billion in a stablecoin product offered by World Liberty, the company said in a statement to CBS. The currency, called "USD1" will then be used to invest in Binance, one of the world's largest cryptocurrency exchanges.
World Liberty has ties to the president and his sons.The fine print on the company's website says an entity affiliated with Mr. Trump and his family members own a 60% stake in the company.
According to the company's public reports, a Trump family entity also holds 22.5 billion of the $WLF tokens –- and takes an additional 75% in net revenue from future token purchases.
READ THE FULL STORY - AP
Judge permanently blocks Trump’s executive order targeting Democratic-tied law firm Perkins Coie | CNN Politics
A federal judge on Friday ruled that an executive order signed by President Donald Trump targeting a law firm that represented his 2016 presidential opponent was unconstitutional.
www.cnn.com
3 senior GOP senators slam Trump's defense budget for being too stingy
The senators say the one-time increase won't have the lasting effect of a permanent addition to the defense budget.
www.usatoday.com
Senate Republicans raise red flags about Trump's private dinner with his meme coin holders
Sen. Cynthia Lummis, R-Wyo., a strong Trump backer and a major voice on cryptocurrency regulation in the Senate, said the dinner "gives me pause."
www.nbcnews.com
The White House seeks sharp spending cuts in Trump's 2026 budget plan
The White House has released President Donald Trump’s 2026 budget proposal. It seeks to slash, if not zero out, spending on many government programs.
apnews.com
Former aide who refuted Trump's false 2020 election claims is under federal investigation
A spokesperson for the Department of Homeland Security said Chris Krebs is “under active investigation by law enforcement agencies” but declined to say why.
www.nbcnews.com
Judge blocks Trump executive order targeting elite law firm, a blow to his retribution campaign
A federal judge has blocked a White House executive order targeting an elite law firm, dealing a setback to President Donald Trump’s campaign of retribution against the legal profession.
apnews.com
Judge rules Trump executive order targeting law firm Perkins Coie is unconstitutional
U.S. District Judge Beryl Howell found the executive order targeting Perkins Coie violates First, Fifth and Sixth amendments.
www.cbsnews.com
Justice Ketanji Brown Jackson criticizes Trump's attacks on judges
Supreme Court Justice Ketanji Brown Jackson did not mention Trump by name during remarks in Puerto Rico but spoke about 'the elephant in the room'
www.usatoday.com
Trump admin live updates: Trump says he'll rename Veterans Day as 'Victory Day for World War I'
President Donald Trump said in a social media post that he is he is renaming Veterans Day, which is celebrated on November 11, as "Victory Day for World War I."
abcnews.go.com
Military parade to celebrate the Army's 250th anniversary will be held on Trump's birthday
The Army has confirmed there will be a military parade on President Donald Trump’s birthday in June, as part of the celebration around the service’s 250th birthday.
apnews.com
Donald Trump asks for huge spending increase on border, deportations
The president's plan would increase Homeland Security spending by two-third for one year.
www.usatoday.com
Brown University in GOP crosshairs after student's DOGE-like email kicks off frenzy
Rep. Troy Nehls, R-Texas, wrote to Brown University questioning its endowment and handling of a student who sent a DOGE-like email to staff.
www.foxnews.com
Trump 100 days: White House action plan makes Project 2025 look mild
Donald Trump tried to distance himself from the radical rightwing blueprint for government during the campaign but its prescriptions are all over the administration’s agenda
news.yahoo.com
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Trump shares AI-generated photo of him dressed as pope
President Trump shared an AI-generated photo of himself dressed as the pope just days after telling reporters that he'd "like to be pope."
The image – which Mr. Trump first posted on his social media platform Truth Social – was also shared by the White House's official social media account on Friday. It comes as cardinals from around the world are set to gather in Vatican City to choose Pope Francis' successor as the leader of the Catholic Church.
The image shows Mr. Trump seated in an ornate chair, dressed in white papal vestments and headdress...
Continue reading...The image – which Mr. Trump first posted on his social media platform Truth Social – was also shared by the White House's official social media account on Friday. It comes as cardinals from around the world are set to gather in Vatican City to choose Pope Francis' successor as the leader of the Catholic Church.
The image shows Mr. Trump seated in an ornate chair, dressed in white papal vestments and headdress...
New post for Togo leader could see him rule for life
Faure Gnassingbé's new role has no official term limits and his critics say it is a "coup d'état".
Continue reading...Seven killed in South Sudan hospital and market bombing, charity says
MSF said its hospital was attacked as fears grow of a return to civil war in South Sudan.
Continue reading...Five people survive 36 hours in swamp 'surrounded by alligators' after plane crash
The small plane was forced to make an emergency landing in a swamp in the Bolivian Amazon after an engine failure.
Continue reading...Trump posts AI image of himself as Pope amid Vatican's search for new pontiff
President Donald Trump appears to have his eye on a new gig after being back in the Oval Office for just over 100 days.
On Friday, the president posted an AI-generated image of himself as the pope on Truth Social, and it has gone viral. Less than a week prior to the post, Trump was in Rome attending the funeral for the late Pope Francis. As the Vatican searches for a new pontiff, it seems Trump is jokingly throwing his hat in the ring.
TRUMP JOKES HE'D LIKE TO BE POPE, 'NUMBER 1 CHOICE' — THEN NAMES A REAL CONTENDER
The post was met with a wide...
Continue reading...On Friday, the president posted an AI-generated image of himself as the pope on Truth Social, and it has gone viral. Less than a week prior to the post, Trump was in Rome attending the funeral for the late Pope Francis. As the Vatican searches for a new pontiff, it seems Trump is jokingly throwing his hat in the ring.
TRUMP JOKES HE'D LIKE TO BE POPE, 'NUMBER 1 CHOICE' — THEN NAMES A REAL CONTENDER
The post was met with a wide...
Rising Dem star distances herself from 'inclusive language' as newsletters reveal a different story
U.S. Senate candidate Mallory McMorrow told a Michigan crowd last month that gender-inclusive language was pushed by the Democratic Party's "more progressive groups," despite including "inclusive language" in her constituent newsletters as recently as November.
McMorrow, a Michigan state senator, said at the Michigan Democratic Party Rural Summit on April 12 that she "got some flack" from Democrats who encouraged her to use "inclusive language" around the time of the Dobbs decision in 2022, which overturned Roe v. Wade and returned abortion law to...
Continue reading...McMorrow, a Michigan state senator, said at the Michigan Democratic Party Rural Summit on April 12 that she "got some flack" from Democrats who encouraged her to use "inclusive language" around the time of the Dobbs decision in 2022, which overturned Roe v. Wade and returned abortion law to...
Six people arrested over triple murder in Sweden
Police are investigating whether the shooting at a hair salon in Uppsala is related to a wave of gang violence.
Continue reading...Tunisia jails ex-prime minister on terrorism charges
Ali Laarayedh is the latest high-profile critic of the president to be jailed as campaigners slam "sham trials".
Continue reading...Tariffs on car parts entering the US come into force
Import taxes were eased after carmaker outcry, but it's "still a big tariff", analysts say.
Continue reading...Warren Buffett says U.S. shouldn't use "trade as a weapon"
Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn't use "trade as a weapon" and anger the rest of the world like President Trump has done with his tariffs that roiled global markets.
"It's a big mistake in my view when you have 7.5 billion people who don't like you very well, and you have 300 million who are crowing about how they have done," Buffett, 94, said as he addressed the topic on everyone's mind at the start of the shareholders meeting.
While Buffett said it is best for trade...
Continue reading..."It's a big mistake in my view when you have 7.5 billion people who don't like you very well, and you have 300 million who are crowing about how they have done," Buffett, 94, said as he addressed the topic on everyone's mind at the start of the shareholders meeting.
While Buffett said it is best for trade...
Dem gov's new campaign message man once said 'religious right' united by 'white supremacy'
The reelection campaign of Governor Katie Hobbs, D-Ariz., has tapped someone with a penchant for slamming white people, despite being white himself.
Hobbs, a vocal progressive and anti-Trump leader, brought Michael Beyer on as her 2026 reelection campaign communications director in April despite his history of going after people because they are white, and not just Republicans either.
A look through Beyer’s X account shows the staffer levying criticism on social media as early as 2014 against a range of demographics, all with one thing in common –...
Continue reading...Hobbs, a vocal progressive and anti-Trump leader, brought Michael Beyer on as her 2026 reelection campaign communications director in April despite his history of going after people because they are white, and not just Republicans either.
A look through Beyer’s X account shows the staffer levying criticism on social media as early as 2014 against a range of demographics, all with one thing in common –...
Libertarians like Ron Paul warned against REAL ID — is the criticism merited? Experts weigh in
While many public policy leaders believe implementation of
Continue reading...Australian PM wins second term with increased majority
Anthony Albanese's Labor has seen swings towards it in almost every area of the country.
Continue reading...‘COME FOR ME’: AOC taunts Tom Homan after DOJ referral threat over deportations
Queens, N.Y.: Rep. Alexandria Ocasio-Cortez, D-N.Y., threw down the gauntlet to Tom Homan on Friday after the border czar previously threatened to refer her to the Justice Department for giving advice to migrants on how to avoid being deported.
Ocasio-Cortez told attendees at a Queens town hall event that she was not afraid of the immigration hard-liners’ words in the wake of her office hosting a "Know your Rights" webinar in February. Homan has suggested her actions might be illegal and may impede Immigration and Customs Enforcement (ICE) from...
Continue reading...Ocasio-Cortez told attendees at a Queens town hall event that she was not afraid of the immigration hard-liners’ words in the wake of her office hosting a "Know your Rights" webinar in February. Homan has suggested her actions might be illegal and may impede Immigration and Customs Enforcement (ICE) from...