Tracking presidential actions and other news.
6 posts
Waited to include this one in the list until it became official because surely it couldn't possibly become official, could it? It has and the Defense Department will get to work renovating the 'luxury' gift jet so that it can be flown as Air Force One.
The president hosted a dinner for 220 of the largest investors in $TRUMP, the president's memecoin. The guests invested millions in the cryptocurrency to attend; the top investor, Justin Sun, a Chinese billionaire who runs the crypto platform Tron, spent $40 million.
Peter Baker of the New York Times brings together several threads of Trump II presidential 'monetization' (the crypto fund raiser, the Trump Org real estate deals, the free luxury jet), and gets some comments from stunned ethics watchdogs. We're barely three months in; there's still plenty of time for the president and his family to pile up lots more loot.
President Trump issued an unconditional pardon for Virginia Sheriff Scott Jenkins, who had been convicted of bribery and fraud after he accepted $75,000 in bribes in exchange for appointing several men as auxiliary deputies in his office. He was sentenced to 10 years in federal prison. Trump said Jenkins was the victim of the overzealous Biden-era Department of Justice.
President Trump pardoned Paul Walczak, tax cheat and nursing home executive after fundraising and lobbying effort from Walczak's mother. The pardon application noted Elizabeth Fago's efforts on behalf of her son, which also included an attempt to sell a diary that belonged to former president Biden's granddaughter.
The president announced on his social media platform that he was doubling the tariffs on steel and aluminum from 25% to 50%. The announcement followed remarks he had made earlier at an event celebrating the linkup of Nippon Steel and U.S. Steel (the details of which are still forthcoming). The new rates are slated to go into effect, Wednesday, June 4. [Editor's note: We refrain from marking every little thing the president says, holding until said things become official things. However, tariff announcements are noteworthy events because of their effects on markets, and the possibility that they are enabling grift for the president's coterie.]