The Latest: Trump promises a ‘major statement’ on Russia-Ukraine war as he hosts NATO leader

NATO Secretary-General Mark Rutte will be in Washington in the modern day and on the morrow for talks with President Donald Trump Secretary of State Marco Rubio and Defense Secretary Pete Hegseth as well as members of Congress Trump reported Russian President Vladimir Putin talks nice and then he bombs everybody as he certified the U S is sending Patriot missiles to Kyiv and plans sell NATO allies weaponry to pass on to Ukraine Trump has teased a major announcement on Russia on Monday Over the weekend Trump threatened new tariffs against Mexico and the European Union to be implemented Aug despite ongoing negotiations Last week he also threatened a tax on various Canadian goods and warned of a tax on Brazil in an attempt to impact the criminal trial against former president Jair Bolsonaro And a federal judge ordered a halt Friday to indiscriminate immigration stops and arrests in seven California counties including LA after plaintiffs including two U S citizens who were detained accused the administration of systematically targeting brown-skinned people Here s the latest Bitcoin hits another all-time high as Congress begins crypto week Statistics from CoinMarketCap revealed Bitcoin climbed above early Monday up from about only a week ago The cryptocurrency is now the fifth greater part valuable asset class in the world at trillion with a higher domain cap than Amazon The House is under pressure from Trump and the big-spending crypto lobby to briskly pass provision including a bill passed last month by the Senate to regulate so-called stablecoins The House is considering far more sweeping cryptocurrency realm structure ordinance Trump once a skeptic vowed to make the U S the global capital of crypto He and his family have moved into mining operations billion-dollar bitcoin purchases a newly minted stablecoin and a Trump-branded meme coin Wall Street hangs near its record betting Trump will back down on tariffs The S P was edging down early Monday still within of its all-time high set on Thursday The Dow Jones Industrial Average and Nasdaq composite were holding steady in their first trading after Trump stated he plans tariffs on goods from Mexico and the European Union starting Aug the same deadline he disclosed for Japan South Korea and a dozen other countries The latest postponements allow time for more dealmaking to mitigate economic damage Enacting all his import taxes on U S consumers would raise the exposure of a recession and raise U S debt pressure as big tax cuts add to the deficit Ulrike Hoffmann-Burchardi global head of equities at UBS Global Wealth Management predicts the Trump administration will ultimately de-escalate especially if there is a new bout of heightened bond and stock field volatility Trump the dealmaker more ultimatum than compromise As Trump slaps trading partners with tariffs rather than slog through prolonged negotiations pressures the Federal Reserve to cut interest rates and launches a new research aimed at reshaping higher coaching it s clear that threats are a permanent feature of his presidency He s tightening his grip on independent institutions with fewer checks on his power Republicans in Congress fear primary challenges and the Supreme Court is stocked with his appointees Trump s allies believe his aggression is required in a political ecosystem where he s under siege from Democrats the court system and the media Critics fear he s eroding the country s democratic foundations with an authoritarian style Pluralism and a diversity of institutions operating with autonomy companies the judiciary nonprofit institutions that are pivotal elements of society are much of what defines real democracy reported Larry Summers a former Treasury secretary and former president of Harvard University That is threatened by heavy handed extortionist approaches Read more about Trump s moves to expand his power Trump s envoy to Ukraine and Russia meets with Volodymyr Zelenskyy They met in Kyiv on Monday as anticipation grew over a feasible shift in the Trump administration s strategy on the three-year war Zelenskyy stated he and retired Lt Gen Keith Kellogg had a productive conversation about strengthening Ukrainian air defenses joint arms production purchasing U S weapons in conjunction with European countries and the possibility of tighter sanctions on the Kremlin Trump has increasingly expressed frustration about Russian President Vladimir Putin s unbudging stance on U S-led peace efforts I am very disappointed with President Putin I thought he was somebody that meant what he noted Trump reported late Sunday We hope for the leadership of the United States because it is clear that Moscow will not stop unless its ambitions are stopped by force Zelenskyy explained on Telegram Summer and after-school offerings for million students at jeopardy These children attend after-school and summer offerings at a Boys Girls Club YMCA or citizens school for free thanks to funding set Congress set aside for academic encouragement enrichment and child care to mostly low-income families Various now face closure as the Trump administration withholds more than billion in federal coaching grants to align with his priorities Ninety-one of the school districts receiving the largest part money from four frozen grant programs are in Republican congressional districts according to an analysis from New America a left-leaning think tank I deeply believe in fiscal responsibility which means evaluating the use of funds and seeking out efficiencies but also means being responsible releasing funds already approved by Congress and signed by President Trump reported Georgia schools superintendent Richard Woods an elected Republican Read more about the children s programs that face closure How Republicans are getting around a filibuster Spending bills almost perpetually need particular bipartisan buy-in to get votes to avoid a filibuster in the -member Senate This week s effort is different Congress set up a process under President Richard Nixon to speedily claw back previously approved spending authority with only a simple Senate majority It s a rarely employed maneuver Trump proposed rescissions in but that package stalled How Republicans answer this question on rescissions and other forthcoming issues will have grave implications for the Congress the very role of the legislative branch and more importantly our country Senate Democratic leader Chuck Schumer warned in a letter to colleagues Senate Majority Leader John Thune commented he s disappointed to see Schumer implicitly threaten to shut down the authorities The Trump administration is likening this as a test situation and says more could come if Congress goes along White House says general media system is politically biased and unnecessary Trump has inquired lawmakers to rescind nearly billion from the Corporation for Residents Broadcasting the full amount it s due to receive during the next two budget years The corporation distributes more than two-thirds of the money to more than locally operated masses television and radio stations Much of the rest supports national services through National Masses Radio and the Community Broadcasting System The prospective fallout has generated concerns among Republicans Sen Mike Rounds of South Dakota says these radio stations are the only way of really communicating in the very rural areas of our state and a lot of other states as well In newest testimony Office of Management and Budget Director Russ Vought criticized a Sesame Street town hall on CNN about combatting racism A Senate vote will test the popularity of DOGE spending cuts Senate Republicans will test the popularity of Department of Executive Efficiency spending cuts this week by aiming to pass Trump s request to claw back billion in residents media and foreign aid spending Senate Democrats are trying to kill the measure but they need help from a sparse Republicans A rarely used tool allows the president to request the cancellation of previously approved funding authority triggering a -day clock under which the funds are frozen If Congress fails to act before that clock expires Friday the spending stands The House has already approved Trump s request on a mostly party line - vote The Senate has little time to spare Another House vote will be needed if senators amend the law adding more uncertainty Read more about the congressional claw-back effort Europe forges response to Trump s surprise tariffs threat European deal ministers are meeting in Brussels following Trump s surprise announcement of tariffs on the European Union We should prepare to be ready to use all the tools in the toolbox declared Denmark s foreign minister Lars L kke Rasmussen narrated reporters ahead of the meeting So we want a deal but there s an old saying If you want peace you have to prepare for war If Trump makes good on his tariff threats against dozens of countries it could have ramifications for nearly every aspect of the global financial market Read more about the European Union on Trump tariffs talks The European Union is suspending Monday s retaliatory tariffs This is now the time for negotiations European Commission President Ursula von der Leyen informed reporters in Brussels on Sunday after Trump sent a letter announcing new tariffs on all EU goods starting Aug The America s biggest trading partner and the world s largest trading bloc had been scheduled to impose countermeasures starting Monday at midnight We have reliably been clear that we prefer a negotiated explanation she explained If they can t reach a deal she announced that we will continue to prepare countermeasures so we are fully prepared Trump to meet with NATO leader Mark Rutte the NATO secretary general is visiting to meet with Trump Their meeting is scheduled for a m ET in the Oval Office Trump is expected to move forward with a plan to sell weapons to European allies who can then transfer the weapons to Ukraine The president has grown frustrated with Russia s Vladimir Putin and has promised a major announcement on Monday Source