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White House press secretary Karine Jean-Pierre volleyed away reporters’ questions on Friday about President Biden’s lack of public appearances amid the ongoing government funding fight as a partial shutdown looms. 

Jean-Pierre refused to answer why the president has not spoken to the American public about his position, and she instead blamed Republicans, President-elect Trump, House Speaker Mike Johnson, R-La., and their ‘billionaire friends’ like Elon Musk for the chaos on Capitol Hill. 

‘Why hasn’t President Biden said anything in the public about this? Don’t the American people deserve to know why millions of federal workers could enter this holiday period without a paycheck?’ Jean-Pierre was asked during her daily press briefing. 

‘All Americans need to know that Republicans are getting in the way here and they are the ones who have created this mess. That’s the reality. That’s the fact,’ she responded. ‘This is not the first time we’ve been here. And the president has had this approach before. He understands how Congress works. He’s been around for some time. He understands what strategy works here to get this done.’

Jean-Pierre said Friday that Biden has held phone calls with Democratic leaders in Congress — Sen. Chuck Schumer, D-N.Y., and Rep. Hakeem Jeffries, D-N.Y. — but would not say if the president has spoken to the House speaker with regard to the ongoing discussions. 

‘He has been getting regular updates from his team. His team has been in touch with congressional members from both sides of the aisle,’ she said. 

A streamlined version of a bill backed by Trump to avert a partial government shutdown failed to pass the House of Representatives on Thursday night.

The bill, which needed two-thirds of the House chamber to pass, failed by a vote of 174 to 235. The national debt has soared to over $36 trillion, and the national deficit is over $1.8 trillion.

Jean-Pierre said Republicans went back on their word and ‘blew up this deal.’

‘Republicans need to stop playing politics with a government shutdown. And they are doing the bidding. They’re doing the bidding of their billionaire friends. That’s what we’re seeing at the expense of hard-working Americans,’ she said. 

‘There is a bipartisan agreement that Republicans tanked because of what they were directed to do by Elon Musk and President-elect Trump. That’s what happened. That is the reality that we’re in now.’

Musk, an outspoken critic of government waste, has weighed in on the spending bill debate and led a conservative revolt against the first 1,547-page bill due to its bloated spending provisions, calling for lawmakers who supported the bill to lose their seats.

He supported the newer, slimmer version, which was ultimately rejected by House members. 

Reporters tried several different ways to try and get Jean-Pierre to comment on the president’s role in the matter, but she continued to sidestep.

‘The president is the President of the United States, and he is leading,’ she told a reporter, to which he responded: ‘To be clear, the strategy is he is leading by staying in the background?’

‘The strategy is that Congress, Republicans in particular, need to do their jobs and get out of their own way and focus on the American people, not their billionaire friends. That is what needs to happen. And that’s what the president wants to see,’ she replied.

Jean-Pierre also warned that a shutdown could disrupt the presidential transition process for the incoming administration.

‘If there is a shutdown — and I don’t want to get too much into hypotheticals — but this is the reality, transition activities will be restricted with limited exceptions, obviously, such as to prevent imminent threats to the safety of human life or the protection of property,’ she said.

Meanwhile, House Majority Leader Steve Scalise, R-La., said Friday that Republicans have a ‘good plan’ to avoid a partial government shutdown. 

Rep. Stephanie Bice, R-Okla., added: ‘I think you come to an agreement, then you get together and sit down and figure out, you know, if we can get across the finish line. And that’s probably what we’re about to do now.’


This post appeared first on FOX NEWS

JERUSALEM — Turkish President Recep Tayyip Erdoğan could be on the brink of engulfing Syria in a new war with his slated invasion of the country’s north in an effort to decimate the U.S.-allied Syrian Kurds who helped President-elect Trump defeat the Islamic State in 2019.

The White House-brokered cease-fire between Turkey and the Kurdish-led Syrian Democratic Forces (SDF) has been largely ignored by pro-Turkey forces and Erdoğan, according to Fox News information from northern Syria. The SDF, which lost 12,000 fighters in its campaign to aid the U.S. in the victory over the Islamic State, is faced with an existential crisis.

An SDF source in northern Syria told Fox News Digital that the Syrian Opposition and the Syrian National Army, both of whom are aligned with Erdoğan’s government, ‘are building up around Kobani from the east and west directions. Assaults on the Tishreen Dam are still taking place intermittently. SDF confront them and push them back continuously. Additionally, the Kobani frontlines are subjected constantly to Turkish armed drones and artillery targeting. No support from any nation. Just the U.S. helping with mediation between us and the Turks aims to have a permanent cease-fire.’

According to the SDF source, ‘The main attackers are called SNA, which constitute the Al Hamza division and Sultan Suliman Shah division, who are loyal to the Turkish MHP party leader Dewlet Bahçelî.’ Erdoğan is aligned with the extremist Nationalist Movement Party (MHP).

Simone Ledeen, a former U.S. Deputy Assistant Secretary of Defense for the Middle East, told Fox News Digital, ‘The U.S. must reinforce support for the SDF — using all available tools to ensure they remain capable on the ground — while addressing the reality that Turkey, our NATO ally, is enabling a rapidly expanding jihadist threat.’ 

When approached by Fox News Digital, a U.S. State Department spokesperson said, ‘Syria is in a fragile state right now. We don’t want to see any party take an action to pursue their own unilateral interests over the broader interests of the Syrian people. We continue to talk to the Government of Türkiye and others in the region about a path forward that de-escalates tensions, not one that escalates them. This is a time to increase stability, not to further devolve into fighting.’

The spokesperson added, ‘Our focus is on promoting a Syrian-led political process in the spirit of U.N. Security Council resolution 2254, while ensuring the enduring defeat of ISIS. Given that we know ISIS exploits instability, it’s incumbent on all countries with influence on the ground — including Türkiye — to promote stability, dialogue, and restraint. The United States supports Syria’s territorial integrity.’

The Biden administration’s alleged failure to rope in Erdoğan aggression could mean the escape of 10,000 Islamic State terrorists held in SDS-run prisons. The SDF has had to redeploy its forces to counter Turkey’s campaign to depopulate northern Syria of SDS fighters. The reemergence of the Islamic State in Syria could adversely affect American security, argue counter-terrorism experts.

Sen. John Kennedy, R-La., declared repeatedly in an address to Erdoğan in Congress, ‘Leave the Kurds alone.’ He added, ‘The Kurds are America’s friends… The people most responsible for helping us, most responsible for destroying ISIS, were the Kurds.’

Kennedy warned Erdoğan, ‘If you invade Syria and touch a hair on the head of the Kurds, I’m going to ask this United States Congress to do something,’ noting, ‘Our sanctions are not going to help the economy of Turkey.’

Turkey’s economy is wobbly, and potent U.S. economic sanctions could destabilize Erdoğan’s government.

When asked about the reports of Turkish-aligned forces attacking Syrian Kurds, a spokesman for Turkey’s Foreign Ministry told Fox News Digital, ‘The mentioned reports are groundless. Türkiye never had a problem with the Syrian Kurds — to the contrary, embraced them and supported them to become part of a unified Syria. The clear distinction should be made between the Syrian Kurds and the ones associated with the terrorist organizations.’

The spokesman added, ‘The continued dedication and sacrifices of Türkiye in the fight against Daesh (ISIS) should not be overlooked. At the end of the day, Türkiye remains as the most credible and capable actor in the region in the fight against Daesh.’ 

Turkey’s government uses Daesh, the transliteration of the Arabic acronym Islamic State in Iraq and Syria (ISIS), to designate the Sunni Jihadi terrorist movement. 

When confronted with the SDF statement that the U.S.-led mediation efforts collapsed because Turkey failed to accept key points, ‘including the transfer of remaining Manbij Military Council fighters and civilians wishing to move to safer areas within north and eastern Syria, as well as the resolution of the issue concerning the transfer of Suleiman Shah’s remains to their former location,’ the Turkish Foreign Ministry spokesman said, ‘It is not Türkiye escalating the situation on the ground, it is the determination of Syrian people to act against the terrorist organization.’

He added, ‘The Syrian people, empowered by the confidence gained from overthrowing the Ba’ath regime, are striving to expel the PKK/YPG/’SDF’ terrorist organization, which has long occupied their territories and subjected them to violence and oppression. They have successfully removed the organization from Manbij and Deir ez-Zor, and are on the verge of doing so in Raqqa. At the end of the day, this is merely the reflection of the will of the Syrian people.’

PKK is an abbreviation for the Kurdistan Workers’ Party, an organization classified by the U.S. and the EU as a terrorist entity. The U.S. has a long-standing military alliance with the Syrian Kurdish military organization, The People’s Defense Units (YPG), in Syria. The YPG is part of a broader organization known as the Syrian Democratic Forces (SDF) and played a key role in dismantling the Islamic State in Syria.

In a growing act of bi-partisan congressional support for the Syrian Kurds, lawmakers are sending messages to the Biden administration and the incoming Trump administration. 

On Wednesday, Sens. Chris Van Hollen, D-Md., and Lindsey Graham, R-S.C., threatened to impose sanctions on Erdoğan. The senators wrote in a joint statement, ‘While Turkey has some legitimate security concerns that can be addressed, these developments are undermining regional security, and the United States cannot sit idly by.’

‘In the wake of the Assad regime’s fall, Turkish-backed forces have ramped up attacks against our Syrian Kurdish partners, once again threatening the vital mission of preventing the resurgence of ISIS,’ they said.

Several requests for comment from Fox News Digital to President-elect Trump’s spokespeople and his incoming National Security Council adviser, Rep. Michael Waltz, R-Fla., were not immediately returned.

Shukriya Bradost, an expert on the Kurds, who was born and raised in the Kurdistan region of Iran, told Fox News Digital, ‘Turkey’s most pragmatic option is to engage in dialogue with the Kurdish administration in Syria, facilitated by the United States. A cooperative relationship could serve both Turkish and Kurdish interests, stabilizing the region while addressing Turkey’s security concerns and the experience that Turkey already has with the Kurdistan Region of Government in Iraq (KRG).’ 

She added, ‘Turkey has already shown that it can cooperate with a Kurdish administration in Syria. In the past, oil from northern Syria flowed through KRG into Turkey, demonstrating the potential for economic and political collaboration. This precedent proves that mutual interests can override historical hostilities.’

Bradost recommended that Washington ‘broker a historic agreement that addresses Turkey’s security concerns without dismantling Kurdish autonomy in Syria. Much like the Abraham Accords brought unprecedented diplomatic breakthroughs in the Middle East, a U.S.-facilitated deal between Turkey and the Syrian Kurds could offer a transformative path forward.’

On Friday, the State Department’s top diplomat for the Middle East, Barbara Leaf, met with representatives of the U.S.-designated terrorist organization Hayat Tahrir al-Sham (HTS) in Damascus. HTS and its Islamist allies ousted the regime of Syrian dictator Bashar Assad less than two weeks ago. 

Leaf told reporters after the meeting that there is a cease-fire around Manbij and there are concerns about ‘the effects of fighting near the Tishreen Dam and damage to that dam, especially if it were significant structural damage.’ She added the U.S. is working with Turkish authorities and the SDF for a cease-fire around Kobani. 


This post appeared first on FOX NEWS

The silver price reached highs not seen since 2012 this past year, supported by an ongoing deficit and increasing interest from investors as geopolitical concerns prompted safe-haven buying.

The white metal reached its highest point for the year in October, breaking through US$34 per ounce on the back of a shifting post-pandemic landscape and geopolitical tensions. However, Donald Trumps victory in the US presidential election just a few weeks later buoyed bond yields and the US dollar while weighing on silver and its sister metal gold.

What will 2025 hold for silver? As the new year approaches, investors are closely watching how Trump’s policies and actions could impact the precious metal, along with supply and demand trends in the space.

Here’s what experts see coming for silver in 2025.

How will Trump’s presidency impact silver?

As Trump’s inauguration approaches, speculation is rife about how he could affect the resource industry.

The president-elect ran on a policy of “drill, baby, drill,’ and while his focus was largely on oil and gas companies, mining sector participants have taken it as a positive sign for exploration and development.

Trump’s promise to reduce permitting timelines for anyone making an investment of US$1 billion or more in the US has excited sector members, and could end up being a boon to silver companies in the country.

However, part of the help Trump has promised to mining companies comes from reneging on environmental commitments, including the Paris Agreement. This could end up weighing on silver.

Current President Joe Biden’s Inflation Reduction Act includes tax credits and deductions for solar projects, and some experts are concerned that the incoming administration and the new Elon Musk-led Department of Government Efficiency (DOGE) could impose reversals or have the entire act gutted.

“Tesla bought SolarCity, which became Tesla Energy. They are an important provider of solar panels. Again, Musk’s new role heading DOGE and obvious close connection to Trump just might help mitigate risks to Tesla and its solar panel/power storage business. If that happens, and whatever form it may take, it could shelter solar panel production and sales in the US to a considerable degree,” Krauth explained via email.

He also noted that Trump’s presidency isn’t without risks and that much uncertainty still remains.

Mind Money CEO Julia Khandoshko also isn’t worried about solar demand in the US.

Silver deficit expected to continue

Industrial segments have been critical for silver demand in recent years.

As of November, the Silver Institute was forecasting total industrial demand of 702 million ounces of silver for 2024, an increase of 7 percent over the 655 million ounces recorded in 2023.

The institute attributes much of this increase to energy transition sectors, highlighting photovoltaics in particular.

However, these gains are coming alongside flat mine production, which is expected to grow only 1 percent to 837 million ounces during 2024. Once factored in, secondary supply from recycling pushes the total supply of silver to 1.03 billion ounces, a considerable gap from the 1.21 billion ounces of total demand.

Both Krauth and Khandoshko think the gap between silver supply and demand will continue.

Khandoshko expressed a similar sentiment, saying demand is likely to keep outpacing supply.

However, she also sees geopolitics and a global macroeconomic situation that could constrain both demand and supply growth in 2025. For example economic difficulties in Europe and China could slow energy transition demand.

“The problem is that silver production is mainly concentrated in geopolitically challenging areas, such as Russia and Kazakhstan, where securing funding for supply expansion is quite difficult,’ she explained.

‘These factors limit silver’s growth potential compared to gold, which in turn benefits from its role as a safe-haven asset during times of economic uncertainty.’

Silver M&A set to heat up in 2025

As silver supply becomes increasingly stressed, experts are eyeing projects that are ramping up.

Krauth highlighted Aya Gold and Silver’s (TSX:AYA:OTCQX:AYASF) Zgounder mine expansion. Its first pour was at the end of November, and it is expected to ramp up to full annual output of 8 million ounces in 2025.

Endeavour Silver’s (TSX:EDR,NYSE:EXK) Terronera mine is also nearing completion. Once complete, the mine is expected to produce 15.5 million silver equivalent ounces per year.

For its part, Skeena Resources (TSX:SKE,NYSE:SKE) is working to develop its Eskay Creek project. It is set to come online in 2027, and is expected to bring 9.5 million ounces of silver per year to market in its first five years.

Krauth said a rising silver price is likely good news for mergers and acquisitions in 2025.

“Higher prices, since they translate into higher share prices, meaning acquirers can use their more valuable shares as a currency to acquire others … I think 2024 will bring deals between mid-tiers and between juniors,’ he said.

Krauth added, ‘The truth is that many mid-tier producers have not been spending on exploration. Something has to give, so I think we’ll see this space heat up.’

Investor takeaway

Khandoshko and Krauth have similar silver outlooks for 2025, suggesting a possible pullback.

“Due to supply shortages and increasing demand in the coming months, silver is expected to reach US$35. After this, a slight pullback to US$30 would be possible,” Khandoshko said.

However, after that happens she projects another rise, with silver potentially passing US$50.

Krauth was looking for silver to reach US$35 in 2024, which happened in Q4. Looking forward to 2025, he thinks the white metal will revisit that level in the first quarter, with US$40 or more possible later in the year.

However, he suggested that investors should be cautious of wider economic trends affecting silver.

“There is a serious risk of significant correction in the broader markets and of a recession. A broad market selloff could bleed into silver stocks, even if only temporarily,” Krauth said.

In the case of a recession, a lack of industrial demand could create headwinds for silver. Still, Krauth thinks that could be tempered by government stimulus efforts for green energy and infrastructure.

Overall, 2025 could be a significant year for silver investors. However, geopolitical and economic instability may provide headwinds across the resource sector and could stymie silver’s upward momentum.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Semiconductors are at a crossroads, with innovation fueling growth and tariffs threatening profits.  How might you navigate this potentially volatile landscape and identify opportunities without getting burned?

In 2025, analysts predict AI will drive explosive demand in the semiconductor industry, fueling innovation and revenue growth. At the same time, this optimism is tempered by the new administration’s tariff policies, which threaten to disrupt global supply chains, increase costs, and reshape the competitive landscape for chipmakers.

This tug-of-war between bullish and bearish forecasts is best exemplified by the VanEck Semiconductor ETF (SMH) price action, a reliable proxy for the semiconductor industry. Here’s a weekly chart.

FIGURE 1. WEEKLY CHART OF SMH. Congestion narrowing within a wider trading range may indicate that bulls and bears are in temporary equilibrium, with neither buyers nor sellers showing enough conviction to drive a decisive breakout or breakdown. Chart source: StockCharts.com. For educational purposes.

There’s a narrowing, range-bound movement between its all-time high near $283 and the swing low of $280 (see blue dotted lines). The increasingly tight congestion range over the last three months, as highlighted by the magenta rectangle, suggests increased indecision among bulls and bears. Despite the temporary standstill, semiconductor stocks are outperforming their tech sector peers (see price performance against XLK) by only 29% and the S&P 500 by 51%.

While AI chip demand will likely see significant growth in the future, the effects of tariffs and reshoring may bring sharp and near-term pain to most chipmakers, particularly semiconductor companies that are most reliant on Asian production. Domestic chipmakers with minimal reliance on overseas manufacturing may fare better under these conditions.

With that in mind, let’s take a look at SMH’s top three holdings—NVIDIA Corp. (NVDA), Taiwan Semiconductor Manufacturing Company (TSM), and Broadcom Inc. (AVGO)—all of which play a leading role in AI chip development, but have different levels of reliance in the global chip supply chain.

FIGURE 2. PERFCHARTS COMPARING SMH AGAINST ITS TOP THREE HOLDINGS. Note the late jump in AVGO. Chart source: StockCharts.com. For educational purposes.

All three of SMH’s top holdings are outperforming their industry peers with NVDA on top, TSM second, and AVGO third. Understanding that late jump in AVGO might require some context (which we’ll get into later).

  • NVDA is the world’s AI chip leader.
  • TSM, is the world’s top chip foundry, and main producer of NVDA’s GPUs.
  • AVGO is a diversified supplier of data center components which are the backbone of AI infrastructure. Unlike NVDA, its business model is less exposed to reshoring effects.

NVIDIA (NVDA): The AI Semiconductor Leader

Take a look at the rounding top pattern on the daily chart.

FIGURE 3. DAILY CHART OF NVDA. Rounding tops are bearish, but tend to break higher more than 50% of the time. Chart source: StockCharts.com. For educational purposes.

According to Thomas Bulkowski’s Encyclopedia of Chart Patterns, while rounding tops are typically viewed as bearish, more than half the time they break upwards, challenging that assumption. In many cases, the rim on the right is higher than the one on the left. In the case above, the rim is formed by a price bounce off the 100-day simple moving average (SMA). 

Both the 100-day and 200-day SMAs are likely to act as strong support unless there is a significant change in the chipmaker’s fundamentals. While NVDA’s uptrend remains intact, momentum seems to be weakening as suggested by the decline in the money flow index (MFI). Keep an eye on this development, especially if it breaks below the 100-day SMA and bounces off the 200-day SMA.

Next, let’s take a look at NVDA’s main chip foundry: TSM.

Taiwan Semiconductor Manufacturing Company (TSM): The Foundry

TSM’s daily chart doesn’t look too different from NVDA’s. Remember, TSM is NVDA’s main chip foundry, and so NVDA is highly dependent on TSM (rather than the other way around).

FIGURE 4. DAILY CHART OF TSM. The stock’s price is chugging along with plenty of support. Chart source: StockCharts.com. For educational purposes.

You can see the difference between the stock’s volatile rise in price against a gradual decline in the RSI. TSM’s recent price action over the last three months has succumbed to this drop in bullish momentum. 

The stock is reacting strongly to the 100-day and 200-day SMAs, suggesting a high likelihood of bouncing off these levels again should price continue to decline from the current levels.

Broadcom (AVGO): A More Diversified AI and Semiconductor  Play

Broadcom also uses TSM’s foundry services, but it has a few other foundries in Asia and Europe. Because of its wide range of products and its focus on data centers, AVGO is more diversified and less exposed to the same supply chain risks as NVDA. Perhaps this (plus the company’s optimistic 2025 revenue projection) is why its shares have recently outperformed the other two companies above, hitting an all-time high in late December. 

Let’s take a look at AVGO’s daily chart.

FIGURE 5. DAILY CHART OF AVGO. The December gap followed strong company guidance. Chart source: StockCharts.com. For educational purposes.

AVGO’s uptrend going back to November 2023 runs a similar course to NVDA and TSM. Its uptrend experienced some moments of volatility yet remained relatively sold. Its price fluctuations also reacted strongly to both the 100-day and 200-day SMAs, finding support with both.

However, unlike our previous examples, momentum as measured by the RSI appears steady and somewhat cyclical. To get a clearer view of momentum with volume, I added the On Balance Volume (OBV) with a 50-day SMA overlay which shows that buying pressure has steadily been increasing, fueling AVGO’s ascent, and culminating in the bullish jump in December.

Whether or not price falls to fill the gap, you might wait for RSI to dip below the 50-line to better time an entry if you’re looking to go long.

At the Close

The semiconductor industry faces a dynamic and uncertain 2025, with AI demand poised to spur growth while tariff talks threaten to reshape global supply chains and profit margins. Keeping an eye on SMH and monitoring its top holdings—NVDA, TSM, and AVGO—for shifts in momentum and action at key levels is critical if you’re looking to time your trades in this promising space. 


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Nearly all of our charts currently show deeply oversold conditions. While this is usually a good thing, in a market downturn, it isn’t necessarily your friend. As you can guess, we believe that Wednesday’s big decline was the beginning of something more serious. But the question is, “what about oversold conditions?”

One of the Bear Market Rules that we have is this:

Oversold conditions in a bear market — “thin ice”, no solid foundation for price bounces. Bounces can be bull traps.

Now for certain, we aren’t in a bear market (yet), but we have experienced a serious decline that could lead to more. We are certainly susceptible to a bull trap. How oversold are our indicators? Here are the numbers as of the close on Thursday:

The Swenlin Trading Oscillators have reached deeply oversold territory. However, we wouldn’t get overly excited by an upside reversal. Oscillators must oscillate and they want to be on the zero line. Notice that only 7% have price above their 20-day EMA and a mere 5% of stocks have rising momentum!

The ITBM and ITVM are also oversold. They haven’t hit extremes and could accommodate more downside at this juncture. The big problem on this chart is the very few PMO BUY Signals left in the index.

Finally our Bias chart shows the oversold conditions of %Stocks > 20/50EMAs. %Stocks > 200EMA could definitely see more downside as could the Golden Cross and Silver Cross Indexes. Both of those indexes are below their signal line giving us a BEARISH Bias in the intermediate and long terms.

Conclusion: Oversold conditions are welcome in a bull market or bull market move. The market is still near all-time highs and mega-caps could continue to hold things together, but our thought is that these weak internals are coming home to roost. If not now, then January. Watch out for bull traps!



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(c) Copyright 2024 DecisionPoint.com


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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TSXV – FPC

Falco Resources Ltd. (TSXV: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) is pleased to announce the closing of its previously announced ‘best efforts’ brokered private placement (the ‘ Offering ‘) with Cantor Fitzgerald Canada Corporation, acting as sole agent and sole bookrunner (the ‘ Agent ‘). Pursuant to the Offering, Falco has issued an aggregate of 24,000,000 units of the Corporation (the ‘ Units ‘) at a price of C$0.25 per Unit, for aggregate gross proceeds of C$6,000,000 .

Each Unit consists of one common share (each, a ‘ Common Share ‘) of the Corporation and one common share purchase warrant (each, a ‘ Warrant ‘). Each Warrant is exercisable to acquire one Common Share at a price of C$0.35 at any time on or before that date which is 60 months after the closing date of the Offering.

The Corporation intends to use the net proceeds from the sale of Units for the advancement of the Horne 5 Project and for working capital and general corporate purposes.

In connection with the closing of the Offering, the Corporation paid the Agent a cash commission totaling C$324,000 and has issued the Agent 1,152,000 non-transferrable compensation warrants (each, a ‘ Broker Warrant ‘). Each Broker Warrant entitles the Agent to purchase one Common Share of the Corporation at an exercise price of C$0.25 per Broker Warrant at any time for a term of 24 months following the date of issuance.

All Common Shares and Warrants issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of issuance of such securities under applicable securities laws in Canada .

A related party of the Corporation subscribed for 1,790,000 Units under the Offering. A transaction with a related party of the Corporation constitutes a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Corporation is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such related party participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Corporation’s market capitalization. The Corporation did not file a material change report 21 days prior to closing of the Offering, as the related party’s participation had not been confirmed at that time and the Company wished to close the transaction as soon as practicable for sound business reasons.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

About Falco

Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the entire camp and includes 13 former gold and base metal mine sites. Falco’s principal asset is the Horne 5 Project located under the former Horne mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder owning a 16% interest in the Corporation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release .

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, ‘forward-looking statements’) within the meaning of applicable Canadian securities laws, which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Statements, other than statements of historical facts, may be forward-looking statements. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Without limiting the generality of the foregoing statements, the proposed use of the proceeds of the Offering is a forward-looking statement. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual plans, results, performance or achievements of Falco to differ materially from any future plans, results, performance or achievements expressed or implied by the forward-looking statements. These risk and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca , as well as all assumptions regarding the foregoing. Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Falco Resources Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/December2024/20/c9019.html

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Not For Distribution to U.S. News Wire Services or Dissemination in The United States

Vancouver, BC, Dec. 20, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.  (TSX-V: SYH ) (OTCQX: SYHBF )   (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that is has closed the brokered private placement previously announced by the Company on December 2, 2024, as upsized on December 3, 2024 (the ‘Brokered Offering’), and has additionally closed a concurrent non-brokered private placement (the ‘Non-Brokered Offering’, and together with the Brokered Offering, the ‘Offering’), for aggregate gross proceeds to the Company of C$10,020,000.

Jordan Trimble, President and CEO of Skyharbour, stated: ‘Skyharbour is very well-funded for its drilling and exploration plans in 2025, with the majority of the Offering placed with several strategic institutional and corporate investors. Over the next year, the Company anticipates the largest combined drilling and exploration campaign at its core projects of Russell Lake and Moore. This will follow up on successful drilling in 2024 at both projects, which included high-grade drill results and new uranium discoveries. The Company also expects continuous cash and share payments, as well as news flow, from its prospect generator business, consisting of partner companies advancing numerous other uranium projects throughout the Athabasca Basin.’

The Brokered Offering was completed through a syndicate of agents co-led by Haywood Securities Inc. and Red Cloud Securities Inc. (collectively, the ‘Agents’). Pursuant to the Brokered Offering, the Company issued: (i) 5,000,000 hard dollar units of the Company (the ‘Units’) at a price of C$0.40 per Unit; (ii) 2,368,420 charity flow-through shares (the ‘Charity FT Shares’) at a price per Charity FT Share of C$0.59; and (iii) 13,310,070 traditional flow-through shares (the ‘Traditional FT Shares’) at a price per Traditional FT Share of C$0.46, for aggregate gross proceeds under the Brokered Offering of C$9,520,000.

Additionally, the Company has completed a concurrent Non-Brokered Offering through the issuance of 1,250,000 Units at C$0.40 per Unit, for additional gross proceeds under the Non-Brokered Offering of C$500,000 with one strategic investor.

Each Unit consists of one common share of the Company (a ‘Share’) plus one-half of one common share purchase warrant (each whole such warrant, a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Share (a ‘Warrant Share’) at an exercise price of C$0.55 until June 20, 2027.

The gross proceeds from the sale of the Charity FT Shares and the Traditional FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’ as both terms are defined in the Income Tax Act (Canada), and will also be used to incur ‘eligible flow-through mining expenditures’ as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the ‘Qualifying Expenditures’) related to the Company’s projects in Saskatchewan, on or before December 31, 2025, and to renounce all Qualifying Expenditures in favour of such subscribers effective December 31, 2024. The net proceeds from the sale of Units will be used for the 2025 exploration and drilling programs at the Company’s uranium projects in Saskatchewan, as well as for general working capital purposes.

The Offering was conducted in accordance with available prospectus exemptions pursuant to applicable Canadian securities laws, with the securities issuable under the Offering subject to a statutory hold period expiring on April 21, 2025.

In consideration for the services provided by the Agents in connection with the Brokered Offering, on closing the Company paid to the Agents a cash commission of 6.5% of the gross proceeds raised under the Brokered Offering, and issued to the Agents compensation options equal to 6.5% of the total number of securities sold under the Brokered Offering (the ‘Compensation Options’), other than with respect to president’s list orders for which a 3.25% cash fee was paid and 3.25% Compensation Options were issued. Each Compensation Option is exercisable at C$0.50 until June 20, 2027. In connection with the Brokered Offering, the Company paid aggregate cash commission fees of $589,550 and issued 1,294,525 Compensation Options. No fees were paid in connection with the Non-Brokered Offering.

Directors and officers of the Company subscribed for an aggregate of C$49,900 in gross proceeds under the Offering. Participation by insiders of the Company constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). Pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, the Company is exempt from obtaining formal valuation and minority approval of the Company’s shareholders respecting the purchase of securities under the Offering by related parties as the fair market value of securities to be purchased under the Offering is below 25% of the Company’s market capitalization as determined in accordance with MI 61-101.

The securities offered have not been, nor will they be, registered under the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in twenty-nine projects, ten of which are drill-ready, covering over 580,000 hectares (over 1.4 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U 3 O 8 over 5.9 metres, including 20.8% U 3 O 8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is an operator with joint-venture partner Rio Tinto. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project which hosts the Fraser Lakes Zone B uranium and thorium deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total over $41 million in partner-funded exploration expenditures, over $30 million worth of shares being issued, and over $22 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:

https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14_V2.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble

President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
‎Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, the intended use of proceeds from the Offering, the ability of the Company to renounce Qualifying Expenditures in favour of the subscribers, tax treatment of the Charity FT Shares and the Traditional FT Shares, future results of operations, performance and achievements of the Company, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.


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The House Select Subcommittee on the Weaponization of the Federal Government released a more than 17,000-page report detailing its work this Congress, touting their success in protecting Americans against censorship of speech and the weaponization of federal law enforcement agencies, Fox News Digital has learned. 

Fox News Digital obtained the 17,019-page report compiled by the subcommittee, which falls under the House Judiciary Committee, led by Chair Jim Jordan, R-Ohio. 

‘The Weaponization Committee conducted rigorous oversight of the Biden-Harris administrations weaponized government and uncovered numerous examples of federal government abuses,’ Jordan told Fox News Digital. ‘Through our oversight, we protected the First Amendment by investigating the censorship-industrial-complex, heard from numerous brave whistleblowers, stopped the targeting of Americans by the IRS and Department of Justice, and created serious legislative and policy changes that will benefit all Americans.’ 

The report, first obtained by Fox News Digital, states that the ‘founding documents of the United States articulate the ideals of the American republic and guarantee to all American citizens fundamental rights and liberties. 

‘For too long, however, the American people have faced a two-tiered system of government—one of favorable treatment for the politically-favored class, and one of intimidation and unfairness for the rest of American citizens,’ it continues. ‘Under the Biden-Harris Administration, the contrast between these two tiers has become even more stark.’ 

The committee was created to ‘stand up for the American people,’ the report says, highlighting its work to ‘bring abuses by the federal government into the light for the American people and ensure that Congress, as their elected representatives, can take action to remedy them.’ 

The mission of the subcommittee was to ‘protect and strengthen the fundamental rights of the American people,’ the report said, noting that by investigating, uncovering and documenting executive branch misconduct, lawmakers on the panel have taken ‘important steps to ensure that the federal government no longer works against the American people.’ 

‘This work is not complete, but it is a necessary first step to stop the weaponization of the federal government,’ the report states. 

The committee, from its inception, says it has been working to protect free speech and expand upon the constitutional protections of the First Amendment. 

‘Throughout the Biden-Harris administration, multiple federal agencies, including the White House, have engaged in a vast censorship campaign against so-called mis-, dis-, or malinformation,’ the report states, noting that the subcommittee revealed the extent of the ‘censorship-industrial complex,’ and detailed how the federal government and law enforcement coordinated with academics, nonprofits, and other private entities to censor speech online.’ 

The panel is touting its work, saying its oversight has ‘had a real effect in expanding the First Amendment.’ 

‘In a Supreme Court dissent, three justices noted how the Select Subcommittee’s investigation revealed that ‘valuable speech was..suppressed,’’ the report states. 

And in a letter to the subcommittee, Facebook and Meta CEO Mark Zuckerberg admitted that the Biden-Harris administration ‘pressured’ Facebook to censor Americans. 

‘Facebook gave in to this pressure, demoting posts and content that was highly relevant to political discourse in the United States,’ the report states. 

And in another win for the subcommittee, in response to its work, universities and other groups shut down their ‘disinformation’ research, and federal agencies ‘slowed their communications with Big Tech.’ 

The committee also celebrated a ‘big win’ in October after it prevented the creation of a new ‘GARM,’ an advertising association that engaged in censorship and boycotts of conservative media companies. The committee revealed, before it was disbanded, that GARM had been discussing ways to ensure conservative news outlets and platforms could not receive advertising dollars and were engaged in boycotts of conservative voices and Twitter once it became ‘X’ under the ownership of Elon Musk. 

Meanwhile, the subcommittee also investigated the alleged weaponization of federal law enforcement resources. 

In speaking with a number of whistleblowers, the subcommittee learned of waste, fraud and abuse at the FBI. 

‘When these whistleblowers came forward, the bureau brutally retaliated against many of them for breaking ranks—suspending them without pay, preventing them from seeking outside employment, and even purging suspected disloyal employees,’ the report states, noting that the subcommittee revealed that the FBI ‘abused its security clearance adjudication process to target whistleblowers.’ 

The report references the FBI’s response, in which the bureau admitted its ‘error’ and reinstated the security clearance of one decorated FBI employee. 

Restoring the FBI starts with leadership and the president: Jordan

The subcommittee also was tasked with investigating the executive branch’s actions in ‘intruding and interfering with Americans’ constitutionally protected activity.’ 

For example, the subcommittee revealed ‘and stopped’ the FBI’s effort to target Catholic Americans because of their religious views; detailed the DOJ’s directives to target parents at school board meetings; stopped the Internal Revenue Service from making ‘unannounced visits to American taxpayers’ homes;’ caused the DOJ to change its internal policies to ‘respect the separation of powers and limit subpoenas for Legislative Branch employees; and highlighted the ‘vast warrantless surveillance of Americans by federal law enforcement.’ 

The panel also investigated the federal government’s election interference, highlighting the FBI’s ‘fervent efforts to ‘prebunk’ a story about the Biden family’s influence peddling scheme in the lead-up to the 2020 presidential election.’ 

The panel also investigated and demonstrated how the 2020 Biden campaign ‘colluded with the intelligence community to falsely discredit this story as ‘Russian disinformation.’’

Biden knew laptop was not Russian disinformation: Turner

The report includes a list of hearings the subcommittee held, letters sent by the subcommittee and subpoenas issued by the panel.

It also includes depositions and transcribed interviews conducted by the subcommittee. The subcommittee conducted 99 depositions and transcribed interviews during this Congress.

Depositions and interviews included in the massive report are of former FBI officials and CIA officials, like former Director John Brennan, former prosecutor in the Manhattan District Attorney’s Office involved in the original hush money probe against President Trump, Mark Pomerantz, and interviews with Facebook, Meta and Google officials.


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It was former President Obama who famously quipped that ‘elections have consequences,’ and one of the consequences of the 2024 election is that President-elect Donald Trump asked Elon Musk and Vivek Ramaswamy to help him straighten out the government’s books.

Now, just days before Christmas, the United States is staring down a federal government shutdown as Democrats cling to power while the hourglass runs out on the 118th Congress, all because Musk exposed the bloated spending being proposed to fund the feds.

‘We had a deal!’ the Democrats whine. And they did have a terrible, pork-laden, censorship-riddled, and at 1,500 pages, needlessly long disaster of a bill, that Republican Speaker of the House Mike Johnson never should have agreed to in the first place. 

The purpose of the continuing resolution that Congress is struggling to pass is to keep the lights on until March, when a new Republican-controlled Senate will be in power and Trump will be in the White House. Instead, as Musk rightly pointed out, we got, if not an omnibus bill, at least an omni-minivan bill, bloated to the gills.

In Washington, the most typical route is the path of least resistance, and Republicans figured they could give in to one last big Biden spending package before Trump takes over. But that was when Musk and Ramaswamy stepped in.

On Wednesday, just hours before a planned vote in the House of Representatives, Musk started firing off X posts about every 30 seconds or so, decrying the congressional pay raise hidden in the bill, and the money to fund the Global Engagement Center, a sham operation that censors conservatives, along with a plethora of other pork.

Proving the power of Trump and new media forms such as X, the ship of state started to turn almost immediately, away from the shambolic ‘everything’ bill towards a cleaner, ‘plain’ continuing resolution that just funds the basics.

On Thursday night, every single Democrat in the House voted against that bill, along with 38 bloody-minded objectors in the Republican caucus.

First, as to the recalcitrant Republican no votes, let’s take Rep. Chip Roy, as an example. If he was dying, and Congress voted on a ‘save Chip Roy’s life’ bill, the congressman from Texas would be a hard ‘no’ if there weren’t spending offsets. It’s just who he is.

This is to say that the GOP ‘no’ votes were baked into the cake, and Democrats thought they could use them to push through their CVS receipt of absurd and expensive demands.

And they would have gotten away with it too, if it wasn’t for those meddlesome kids, Musk and Ramaswamy.

Come Saturday, the government may be shut down. If it is, it will not be the fault of Republicans who have now put a perfectly reasonable bill on the floor, but of Democrats who prize their own power more than federal employees being paid on Christmas week.

Elections have consequences, and Trump was clear that, if elected, outsiders like Musk and Ramaswamy were going to have not just a seat at the table, but real power and influence in furtherance of the Trump agenda.

Perhaps more than anything, what voters were asking for when they handed the keys of the state back to Trump on Election Day was change. Anything but more of the same. And this week, that is exactly what the voters got.

Make no mistake, Trump is taking a real political risk here. Democrats are going to do all they can now to blame him for the shutdown, paint him as Musk’s puppet and to stir up rank partisanship to dampen the optimism and enthusiasm ahead of the inauguration.

But what Trump and Musk are both counting on is that this kind of radical change, as much as it looks like chaos, is exactly what voters asked for. 

Politicians are ultimately judged on results, not tactics. As ugly as the scene in Congress is right now, the result, the death of a terrible spending package, should bring results that Americans will eventually cheer.


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Top Senate Democrats Majority Leader Chuck Schumer, D-N.Y., and Senate Appropriations Committee Chairwoman Patty Murray, D-Wash., made clear they only intend to move forward on the original stopgap spending bill plan that Republicans scrapped after pressure from billionaire Elon Musk and President-elect Donald Trump.

Murray said she is prepared for a partial government shutdown and to stay in Washington D.C., for the Christmas holiday if Republicans do not return to the original short-term spending bill that was released earlier this week and subsequently killed after Musk and others publicly opposed its provisions.

‘I’m ready to stay here through Christmas because we’re not going to let Elon Musk run the government,’ she said in a Friday morning statement, hours before the government could be sent into a partial shutdown if a bill is not passed. 

As of Thursday, the U.S. national debt was at $36,167,604,149,955.61 and continues to climb rapidly. 

‘Put simply, we should not let an unelected billionaire rip away research for pediatric cancer so he can get a tax cut or tear down policies that help America outcompete China because it could hurt his bottom line. We had a bipartisan deal-we should stick to it,’ Murray said. 

In floor remarks on Friday morning, Schumer said, ‘if Republicans do not work with Democrats in a bipartisan way very soon, the government will shut down at midnight.’

‘It’s time to go back to the original agreement we had just a few days ago. It’s time the House votes on our bipartisan CR. It’s the quickest, simplest and easiest way we can make sure the government stays open while delivering critical emergency aid to the American people.’

He also said that if Speaker Mike Johnson were to put the original bill on the House floor for a vote, ‘it would pass, and we could put the threat of a shutdown behind us.’

Murray added, ‘The deal that was already agreed to would responsibly fund the government, offer badly needed disaster relief to communities across America, and deliver some good bipartisan policy reforms. The American people do not want chaos or a costly government shutdown all because an unelected billionaire wants to call the shots — I am ready to work with Republicans and Democrats to pass the bipartisan deal both sides negotiated as soon as possible.’ 

After Musk and conservatives railed against the 1,547-page bill, President-elect Donald Trump and Vice President-elect JD Vance ultimately condemned it as well, killing whatever chance it had left. 

Murray’s Friday statement came shortly after it was revealed that House Republicans were planning a new continuing resolution (CR) vote in the morning on a different proposal. It’s unclear whether negotiations are taking place across party lines or bicamerally, however. 

Rep. Anna Paulina Luna, R-Fla., told reporters Friday morning that House Republicans were ‘very close to a deal’ and that a vote could happen in the morning.

However, if that deal is not the original stopgap spending bill, it sounds like Murray and Democrats in the Senate would be prepared to oppose it. 

Murray also isn’t the only one who says they are prepared to let the government’s funding expire before the holiday. Several Republicans have expressed their willingness to let it shut down if Republicans aren’t able to get a better deal. 

Trump himself wrote on Truth Social Friday morning, ‘If there is going to be a shutdown of government, let it begin now, under the Biden Administration, not after January 20th, under ‘TRUMP.’ This is a Biden problem to solve, but if Republicans can help solve it, they will!’

Congress must pass a measure, and it must be signed by President Biden by midnight on Saturday morning in order to avoid a partial shutdown. 


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