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MACD, ADX and S&P 500 action frame Joe Rabil’s latest show, where a drifting index push him toward single-stock breakouts. Joe spotlights the daily and weekly charts of American Express, Fortinet, Parker-Hannifin, Pentair, and ServiceNow as showing strong ADX/MACD characteristics. He outlines how the patterns showing on these charts can outshine the broad market until momentum confirms a larger move.

The video premiered on June 25, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code.

According to the company, no talks have taken place and it has no intention of making an offer.

“In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” the company said in a statement released Thursday (June 26) morning.

The clarification came after the Wall Street Journal reported that Shell was in early stage discussions to acquire BP, citing unnamed sources familiar with the matter.

The report characterizes the potential tie up as a “landmark combination” of two supermajor oil companies — one that could rival Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) in scale and reach. It would also represent the largest corporate oil merger since the US$83 billion creation of ExxonMobil at the turn of the century.

Shell’s formal denial triggers Rule 2.8 of the UK City Code on Takeovers and Mergers, barring it from making a bid for BP for the next six months, except under limited circumstances — such as BP inviting an offer, a third-party bid emerging or a material change in circumstances. In doing so, it quells investor anticipation about an energy mega-merger.

“This is a statement to which Rule 2.8 of the Code applies and accordingly Shell confirms it has no intention of making an offer for BP. As a result, Shell will be bound by the restrictions set out in Rule 2.8 of the Code,” the company states.

BP shares react, market speculation continues

The Journal’s report briefly pushed BP shares higher on Wednesday (June 25) before Shell’s denial tempered gains.

As of Thursday, BP’s share price remains one of the most underperforming among major oil companies, still lagging behind competitors after its much-criticized 2020 strategy to shift away from fossil fuels and ramp up its focus on renewables — an approach it has recently walked back.

BP’s market cap currently stands at around US$80 billion. Factoring in a takeover premium, any bid would likely surpass that amount, placing it as potentially the biggest deal of 2025 and the largest in the energy sector in decades.

Shell, which has a market value exceeding US$200 billion, would have to weigh substantial integration and regulatory challenges in any potential transaction. As mentioned, the company would be able to revisit a bid if BP’s board invites it, or if a third-party competitor steps forward, keeping the door technically and legally open.

Fueling the acquisition rumors is mounting pressure from activist hedge fund Elliott Investment Management, which holds over 5 percent of BP’s shares. Elliott has pushed for sharper cost discipline and improved shareholder returns at the company, criticizing what it views as BP’s inconsistent strategy.

In response, BP has taken steps to refocus on core hydrocarbons. It has boosted oil and gas production targets, slashed clean energy investments and begun unloading non-core businesses. The company is in the process of selling its Castrol-branded lubricants division and is exploring divestment from its solar joint venture, Lightsource BP.

BP also announced earlier this month that Chairman Helge Lund — seen as the architect of the company’s now-receding green transition — is set to step down. The leadership shakeup adds to speculation that BP is becoming more receptive to investor demands and, potentially, corporate consolidation.

Whether or not a Shell-BP deal ever materializes, the broader M&A wave sweeping the oil and gas sector shows no signs of slowing. Chevron is in the process of finalizing its US$53 billion acquisition of Hess (NYSE:HES), though that deal faces legal challenges from Exxon Mobil, which holds overlapping interests.

Exxon itself completed a US$60 billion purchase of Pioneer Natural Resources last year. Diamondback Energy’s (NASDAQ:FANG) US$26 billion acquisition of Endeavor Energy Resources in the Permian Basin also reflects the growing appetite for consolidation in an industry facing long-term cost pressures and uncertain regulatory futures.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (June 25) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$107,736, an increase of two percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,027 and a high of US$108,116.

Bitcoin price performance, June 23, 2025.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Ethereum (ETH) closed at US$2,432.58, trading flat over the past 24 hours. Its lowest valuation on Wednesday was US$2,403.59, and its highest valuation was US$2,441.16 at the opening bell.

Altcoin price update

  • Solana (SOL) was priced at US$144.38, down 0.6 percent over 24 hours. Its highest valuation on Wednesday was US$147.61, and its lowest was US$143.28.
  • XRP was trading for US$2.20 as markets wrapped, down by 0.3 percent in 24 hours. The cryptocurrency’s highest valuation was US$2.23, and its lowest price on Wednesday was US$2.18.
  • Sui (SUI) is trading at US$2.76, showing an increaseof 0.1 percent over the past 24 hours. Its lowest valuation was US$2.73, and its highest valuation was US$2.84.
  • Cardano (ADA) is priced at US$0.5709, down by 1.9 percent in 24 hours. Its highest valuation on Wednesday was US$0.5838, and its lowest was US$0.5678.

Today’s crypto news to know

Trump Media’s Bitcoin-Ethereum ETF gains NYSE support

The New York Stock Exchange (NYSE) has formally submitted a rule change to the US Securities and Exchange Commission (SEC) to allow the listing of the Truth Social Bitcoin and Ethereum ETF.

The dual-asset exchange-traded fund (ETF), which is backed by Donald Trump’s media company, would be held in a 3:1 BTC to ETH ratio, is to be custodied and executed by Crypto.com. The rule change was filed under the SEC’s 19b-4 process, signaling the NYSE’s commitment to fast-track the listing pending regulatory review.

This development follows Trump Media’s previously announced plan to raise US$2.4 billion for its own bitcoin treasury.

Although that fund remains inactive, the ETF proposal is part of a larger suite of politically branded crypto products in the pipeline. So far, only the Truth Social ETF filings have been formally submitted to the SEC.

Bitcoin hashrate drops amid Iran attacks and heatwave

Bitcoin’s hashrate has dropped 15 percent since June 15, and some in the community point to the attack on Iran as a primary reason, although the exact cause hasn’t been confirmed.

“Hashrate dropped right after Israel’s initial strike on Iran. It’s not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran’s power grid and disrupted some of their mining operation,” an X user known as daniel wrote on Sunday (June 22).

“Can’t say whether disrupting (their) mining was part of their plan or simply a secondary effect of the strike, but I think it’s likely this is what caused the drop in hashrate.”

However, only 3 percent of the hashrate decrease precisely coincided with events related to attacks on Iran.

According to TechCrunch, the Iranian government imposed a near-total internet blackout on as a precaution against potential cyberattacks, which coincided with a 2.2 percent decline in global hashrate from Thursday (June 19).

The US strike on Iran’s nuclear facility then led to power grid outages in the country, coinciding with a one percent decrease in global hash rates from Saturday (June 21) to Sunday (June 22).

The hashrate had already fallen by over 6.25 percent between June 15 and June 19, before the internet blackout and the US bombing. The current heatwave covering the Eastern coast of the US and Canada could be another contributing factor, as elevated temperatures can lower the efficiency of high-performing technology.

Coinbase surpasses all-time high

Coinbase Global (NASDAQ:COIN) surpassed its all-time high on Wednesday, reaching US$369.25, more than three percent above its previous record of US$357.39 recorded on November 9, 2021.

The move marks a strong resurgence from its year-to-date low of US$151.47, recorded in April.

Coinbase’s stock price has grown by 38 percent since the start of the year and 134 percent from its closing price on April 8 following the imposition of additional tariffs on China by the US, an event that triggered broader market anxieties and impacted several tech-related equities.

Norwegian deep-sea miner commits to US$1.2 billion Bitcoin strategy

Green Minerals, a deep-sea mining firm listed in Oslo, has kicked off its US$1.2 billion Bitcoin treasury plan with an initial purchase of four BTC, spending roughly US$420,000. The company said it aims to hedge against fiat currency risk and inflation while building a tech-forward balance sheet. Executive Chair Ståle Rodahl called Bitcoin “non-inflationary” and “decentralized,” framing the strategy as a long-term financial hedge.

The move places Green Minerals among 245+ companies holding over US$88 billion in BTC globally. However, the market did not immediately reward the announcement — shares dropped nearly 20 percent before stabilizing.

To increase transparency, the firm plans to report BTC-per-share data for investors going forward.

Metaplanet raises US$515 million in single-day stock exercise

Japan’s Metaplanet raised ¥74.9 billion (about US$515 million) in one day by exercising stock acquisition rights under its aggressive bitcoin treasury plan. The firm issued 54 million new shares, representing 29 percent of its current outstanding rights, as part of the so-called “555 Million Plan.”

While Metaplanet stock initially plunged 15 percent, it recovered and closed 4 percent higher after the announcement. CEO Simon Gerovich called it a “strategic milestone,” reaffirming the firm’s dedication to bitcoin-backed value creation.

Separately, France-based Blockchain Group also raised US$4.8 million via an equity issuance agreement with TOBAM. The two companies continue to expand their BTC-per-share holdings, with Blockchain Group now holding 1,653 BTC in Europe.

EU set to ignore ECB’s stablecoin warning, push ahead with new rules

The European Commission is preparing to introduce new stablecoin regulations despite repeated warnings from the European Central Bank (ECB). According to the Financial Times, the upcoming guidance would treat foreign-issued stablecoins as functionally equivalent to their EU counterparts.

The ECB has warned that this could disrupt monetary stability by encouraging deposit flight from banks into crypto.

ECB President Christine Lagarde recently urged lawmakers to fast-track the digital euro, arguing it would safeguard financial autonomy from US-dominated stablecoins.

Despite these concerns, Commission sources say the risk of a stablecoin run is minimal, and any redemptions would mostly occur in the US where reserves are held.

The new rules are expected to be unveiled within days.

South Korean banks collaborate on won-backed stablecoin

According to Econovill, a South Korean media outlet that focuses on economic and financial news, eight major South Korean banks are working together to introduce a won-pegged stablecoin

Expected to launch in late 2025 or early 2026, the project is backed by the Open Blockchain nonprofit, the Decentralized Identity Association and the Korea Financial Telecommunications and Clearings Institute and is considered a significant pioneering step for traditional banks entering the digital asset space.

The announcement follows a report published in Yonhap News on Tuesday (June 24), which cited Bank of Korea Deputy Governor Ryoo Sang-dai’s suggestions that regulated banks be the main issuers of stablecoins.

He also advised beginning with won-denominated stablecoins before expanding into other areas. According to the report, this approach aims to create a safety net for the financial system.

Reuters reported that during a press conference in Seoul earlier this month, Governor Sang-dai expressed concerns about a won-pegged stablecoin, despite not opposing it. He noted that such a stablecoin could unintentionally facilitate the exchange of won for USD. Sang-dai added that this trend could negatively impact South Korea’s currency and hinder the central bank’s monetary management strategies.

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

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

This post appeared first on investingnews.com

The S&P 500 ($SPX) just logged its second consecutive 1% gain on Tuesday. That’s three solid 1% advances so far in June. And with a few trading days remaining in the month, the index has recorded only one 1% decline so far.

A lot can still happen before the month ends, but, as it stands, June is looking a lot like May, which also saw three 1% gains and one 1% loss. Taken together, these months resemble May and June of last year, although back then the S&P 500 advanced 52 consecutive sessions without a single 1% decline.

What this means for you: After the volatility of March and April—and the sharp rebound in mid-April—there has been a notable shift toward a more consistent uptrend. We talk about this frequently, and it bears repeating: the characteristics of a steady uptrend are unmistakable. It’s the foundation of our analysis that shapes our market outlook.

FIGURE 1. THE NUMBER OF 1% MOVES IN THE S&P 500 IN 2024 AND 2025. June is looking similar to May, which also saw three 1% gains and one 1% loss. It’s echoing the behavior we saw in May and June of 2024.

It all starts with daily price action. Low two-way volatility has set the tone in recent weeks. If this type of month-to-month tempo in daily moves continues, the uptrend can persist. The opposite, of course, is also true.

Zooming In On the Short-Term Moves

Looking at the S&P 500’s recent price action on the short-term chart, the index is now approximately +3% from its recent low last Friday. If this multi-day bounce were to stop now, it would be among the smallest over the last nine months. Indeed, most didn’t get much further before the next bout of profit taking, but this shows how the staircase-like advance could continue.

In other words, if this cadence persists, the S&P 500 could meander through its former highs, i.e., we may not see a resounding breakout. The more boring a move through 6,147, the better.

FIGURE 2. TWO-HOUR CHART OF THE S&P 500. The staircase-like advance in $SPX could continue, and the index could tiptoe through previous highs.

Also, notice how the recent drawdown only pulled the 14-period relative strength index (RSI) on this two-hour chart marginally below the 50 level, which shows that the momentum shift was limited last week. It’s a reminder of how weak the bounce attempt was in March, which set the stage for the second down leg of that move. If the reverse is now true, then another up leg could be afoot soon.

NVDA Stock: A Daily Perspective

NVDA made a new all-time high on Wednesday, the first since January 7. Its participation since the April 7 low has been a major and necessary piece to the SMH, XLK, NDX, and SPX’s rallies, and the global equity market’s overall comeback. 

We last cited the stock on May 27 and May 29 (before and right after it reported earnings), noting the bull flag pattern. The flag has held throughout, and NVDA is now close to achieving that price target. So, what’s next?

FIGURE 3: DAILY CHART OF NVDA’S STOCK PRICE. After the bull flag pattern, NVDA is close to achieving its price target.

NVDA vs. 200-Day Moving Average

NVDA’s comeback has pulled the stock back above its 200-day moving average. We’ve shown this before as the stock was coming back. The last few times NVDA reclaimed the long-term line after spending a long time below it, the stock advanced higher for years.

FIGURE 4. DAILY CHART OF NVDA WITH 200-DAY MOVING AVERAGE. The last few times NVDA broke above its 200-day moving average after spending a long time below it, the stock advanced higher for years.

NVDA Stock: A Weekly Perspective

Even though NVDA made a marginal new high in early January, there was no follow-through. Thus, NVDA remains net flat since November 2024 and isn’t too far above its spike highs from last June either.

Altogether, the round trip can now be viewed as one big bullish pattern. We’ve seen similar formations play out three times since the October low. Once NVDA finally got through those volatile periods and broke out, those strong extensions that we all remember well ensued. Past performance is no guarantee of future returns, but patterns tend to repeat no matter the timeframe. So, we need to respect that the same kind of breakout could happen again with the stock is sitting at the same levels as it was eight months ago, but with strong market-wide demand at its back.

FIGURE 5. WEEKLY CHART OF NVDA. Could a breakout with strong market-wide demand occur?

NVDA – GoNoGo

NVDA’s weekly trend just flipped to positive on the GoNoGo chart, as well. As is clear, the last time this happened was in early 2023, the same time that the first bullish pattern on the preceding chart happened.

FIGURE 6. NVDA’S PRICE ACTION USING GONOGO CHART. The weekly trend just switched to positive. This happened in 2023, which is around the time the first bullish pattern occurred in the weekly chart in Figure 5.

NVDA Stock: A Monthly Perspective

Zooming way out, this also could be the fourth major breakout from a monthly perspective. The prior ones happened in 2015, 2020, and 2023.

FIGURE 7. MONTHLY CHART OF NVDA. There could be a fourth major breakout in NVDA’s stock price.

The Bottom Line

If you’re someone who likes to stay invested with an eye on the long-term, this is the kind of environment where patience pays off. The S&P 500 appears to be building strength, and NVDA is helping lead the charge.


Five months into Vice President JD Vance’s tenure inside the White House, Fox News Digital spoke to several of his colleagues about his specific role and accomplishments, including some that his peers say have been overlooked by most media outlets. 

Several in Vance’s political circle used words like ‘Swiss army knife’ and ‘utility player’ to describe a vice president, who they say flexibly steps into a variety of roles, including being a key voice on Capitol Hill guiding the president’s Cabinet nominees successfully through the Senate.

‘He was very much involved in that, he made phone calls, he listened to people, he provided advice and thoughts and would talk things out with people,’ GOP Sen. Marsha Blackburn said, adding that Vance does not get enough credit for the ‘level of engagement’ with his former colleagues in the Senate. 

Ohio GOP Sen. Bernie Moreno told Fox News Digital that Vance has been an ‘enforcer’ in the Senate, not just when it came to confirming President Donald Trump’s Cabinet in a heated political climate, but also playing a significant role helping the president’s ‘big, beautiful bill’ make its way through Congress. 

If he [Trump] needs help with nominees, he is going to come over and do that, if he needs help with a Big Beautiful Bill, because obviously President Trump has got a lot on his plate, he’ll come over to talk to his colleagues,’ Moreno said. ‘If he has to lobby one on one, he’s built good relationships.’

Moreno, who ran against Vance for Senate in 2022 before dropping out and endorsing him and then running successfully in 2024 with Vance’s endorsement, went on to say that he has not heard ‘one negative comment’ from Republicans in the Senate about Vance’s performance.

In fact, one senator said to me today that their impression after the lunch yesterday was that he really started to look really presidential and how impressive he is,’ Moreno said. 

A senior White House official praised Vance’s ‘direct impact’ in the Senate when it comes to legislative efforts and Cabinet confirmations, adding that Trump’s domestic agenda is where his ‘impact has been felt the most.’ 

JD Vance throughout the whole transition, was always going to bat for Hegseth and for different nominees,’ the official said. ‘So he played a very active role making sure all the various Cabinet officials got confirmed.’

Vance’s influence has been felt on the foreign policy front, as well as the vice president making high-profile trips to India, the Vatican and Germany outlining the president’s ‘America First’ agenda. 

In India, Vance was involved with and touted progress made toward a U.S.-India trade deal, saying a partnership between the Trump administration and Indian Prime Minister Narendra Modi would ensure a 21st century that’s ‘prosperous and peaceful.’ 

Vance delivered a speech in Germany in February when he directly called out the organizers of the Munich conference, who he said had ‘banned lawmakers representing populist parties on both the left and the right from participating in these conversations.’

The speech sparked a social media firestorm, drawing criticism from some and praise from others, including Fox News contributor Jonathan Turley, who described Vance’s remarks as a ‘Churchillian’ moment for free speech. 

As the war between Russia and Ukraine raged on, Vance took an active role in the dialogue between Trump and Ukrainian President Volodymyr Zelenskyy and was front and center in the viral White House blowup between the two leaders, calling out the Ukrainian leader for ‘lack of respect.’

Vance, who has been labeled as an ‘attack dog’ for Trump dating back to the campaign trail last year, gave several interviews outlining his belief that, at the time, Zelenskyy was impeding the peace process. 

Former Trump senior advisor Jason Miller told Fox News Digital that Vance has been influential when it comes to helping promote the president’s foreign policy agenda.’

That influence was on full display in recent weeks as the United States bombed several nuclear sites in Iran, causing a stir with conservatives on social media on the merits of getting involved in a foreign conflict after Trump and Vance campaigned against drawn-out foreign wars of the past. 

‘Going into the conflict with Iran, I think was pretty notable for a couple of things. One, just the fact that the way he was elevated and was at the president’s side for the entire time, really how he had a seat at the table as part of the decision-making and the driving force for what happened,’ Miller said. 

‘But then also, the fact that the vice president played such an important role of talking to people from across the MAGA coalition, people who are very much into America First and may have initially been skeptical with regard to Iran and being kind of the one of the main people in the admin who can kind of talk with both camps,’ he continued. ‘And as we saw with his Twitter posts both before the action and then even afterwards being able to really articulate, lay out the rationale for what President Trump is doing and make sure that the people across the coalition have a clear understanding of it.’

Vance was front and center following the strike on Iran, sitting down for an interview with Fox News anchor Bret Baier on ‘Special Report’ outlining the reasoning for the strike as news broke that a ceasefire had been negotiated with the countries involved. 

The White House official told Fox News Digital that when the president ‘calls a play,’ Vance ‘makes sure it’s run’ even if the two may have a different perspective, which is a sentiment that Miller echoed, saying that Trump promotes a ‘team environment’ to get perspective from all sides, even though he is ultimately the one who makes the final decision.

I think that the president and the vice president are very much in lockstep when it comes to the ultimate goals that they’re trying to accomplish,’ Miller said. 

In terms of the media’s portrayal of the relationship between Trump and Vance, Moreno told Fox News Digital that ‘any story that says there’s daylight between what Trump believes and what JD believes can be rejected out of hand, because it’s not actually how it works.’

‘JD doesn’t view himself as the person who’s there to enact his agenda. He’s there to enact President Trump’s agenda.’

When it comes to Vance’s accomplishments on foreign and domestic policy in the first five months of the administration, both Miller and Moreno expressed the belief that the vice president has gotten more done in half a year than former Vice President Kamala Harris accomplished in four years. 

You’re talking about literally polar opposites between her and JD,’ Moreno said. ‘Even a mentally diminished Biden understood what a great liability Kamala Harris was, he basically froze her and put her in the basement. President Trump realizes, because he’s a very smart guy, because he’s the one that made the decision to pick JD Vance realizes that JD is very effective for him and isn’t looking to overshadow or take the spotlight, but rather move his agenda forward.’

Miller agreed, saying that ‘Vice President Vance is easily the best vice president and most notable Vice President we’ve had in the last 30 plus years and is light years of improvement over Kamala Harris.’

While speculation has run rampant about what the Republican Party will look like after Trump completes his second term and whether Vance is the heir apparent in a crowded Republican field, Miller told Fox News Digital that Vance is not focused on that but has been ‘crushing it’ on the campaign trail raising money for the party. 

He’s a huge draw out on the midterm fundraising trail and he’s someone who many people view as the future of the movement,’ Miller said. 

Ultimately, Moreno told Fox News Digital that he does not think Vance gets enough credit for being one of the most ‘grounded’ politicians he has encountered who genuinely cares for his friends and family and always keeps his humble beginnings in Middletown, Ohio, at the forefront of the decisions he makes. 

‘America First, and I said it when I nominated him in Wisconsin, it’s not a political slogan, it’s his North Star,’ Moreno said. ‘It’s why he is doing what he’s doing. I don’t think people realize that. I think people don’t know enough about him as a man.’


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Conservative lawmakers were infuriated on Thursday morning after the Senate’s de facto ‘scorekeeper’ for President Donald Trump’s ‘big, beautiful bill’ ruled that key parts of the GOP agenda bill must be stripped out.

‘The Senate Parliamentarian is not elected. She is not accountable to the American people. Yet she holds veto power over legislation supported by millions of voters,’ Rep. Greg Steube, R-Fla., wrote on X. ‘It is time for our elected leaders to take back control.’

He called on Vice President JD Vance to ‘overrule the Parliamentarian and let the will of the people, not some staffer hiding behind Senate procedure, determine the future of this country.’

The Constitution names the vice president as president of the Senate as well, though it is a largely ceremonial role save for when they are needed to cast a tie-breaking vote in the chamber.

The Senate parliamentarian is typically appointed by the Senate majority leader and serves at their pleasure, with no term limit. 

Their role is to make apolitical judgments about Senate rules and procedure. In the budget reconciliation process, which Republicans are working through now, the parliamentarian’s job is to rule on whether aspects of the bill fall within the necessary guidelines to qualify for reconciliation’s simple majority passage threshold.

However, with several rulings that found key portions of Trump’s agenda do not fall into reconciliation’s budgetary guidelines, Republicans on the other side of Capitol Hill – in the House of Representatives – are urging the Senate to break norms and disregard several of the parliamentarian’s decisions.

‘They ought to heed the advice of the president – don’t change the bill,’ Rep. Ralph Norman, R-S.C., told Fox News Digital earlier this week. 

Meanwhile, Sen. Tommy Tuberville, R-Ala., even called for the parliamentarian to be fired.

‘The Senate Parliamentarian also ruled that ILLEGAL IMMIGRANTS are eligible for federal student loans. Does she not realize that our student loan crisis is already out of control??? ZERO taxpayer dollars should go towards student loans for ILLEGALS,’ he wrote on X.

‘THE SENATE PARLIAMENTARIAN SHOULD BE FIRED ASAP.’

And Rep. Eric Burlison, R-Mo., told Fox News Digital, ‘The House Freedom Caucus fought tooth and nail for Medicaid reforms that would save taxpayers billions and protect the program for those who truly need it. But now, the unelected parliamentarian has struck down key provisions of [the bill.]’

‘The Senate must act quickly to correct this failure,’ Burlison said.

Rep. Jeff Van Drew, R-N.J., wrote on X on Wednesday evening, ‘Respecting the rules matters, but so does respecting the voters. They didn’t give an unelected staffer the power to decide what is in the budget—that’s the job of Congress.’

‘It doesn’t have to be this way. The Republicans senators are not required to adhere to anything she says,’ Van Drew said.

Rep. Keith Self, R-Texas, said on the platform, ‘The rogue Senate Parliamentarian should be overruled, just like activist judges.’

Despite calls from irate House Republicans and some senators, Senate Majority Leader John Thune, R-S.D., has stood firm in his position that he would not seek to overrule the parliamentarian.

‘That would not be a good outcome for getting a bill done,’ he told reporters. 

When asked about the parliamentarian’s ruling on the provider taxes, Thune said that there were things that Republicans can do to get ‘to that same outcome.’ 

‘I mean, we may not have everything that we want in terms of provider tax reforms, but if we can get most of the reforms there, get the savings that come with it,’ he said. ‘This is all about saving taxpayers money and reforming these programs in a way that makes them not only more fiscally sustainable long-term, but strengthening and getting rid of the waste, fraud, and abuse in the programs.’

Senate Democrats vowed to inflict as much pain as possible through the process known as the ‘Byrd Bath,’ which tests if each provision, line-by-line, is compliant with the Byrd Rule that governs the budget reconciliation process. 

So far, Senate Parliamentarian Elizabeth MacDonough has ruled several key provisions, including oil and gas leasing, public land sales, changes to the cost-sharing formula for food benefits, among others, as being out of compliance with the Byrd Rule. 

However, it was a slew of rulings unveiled Thursday morning the gutted numerous changes Senate Republicans made to the widely-used Medicaid program that triggered conservatives. 

Among the axed provisions was the Senate GOP’s harsher crackdown on the Medicaid provider rate, or the amount that state Medicaid programs pay to providers on behalf of Medicaid beneficiaries, which proved even a divisive policy among some in the conference. 

Other provisions that were nixed included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children’s Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care. 

Republicans viewed those as key cost-saving changes, and their removal has likely set back their plan to put the mammoth bill on Trump’s desk by July 4. 


This post appeared first on FOX NEWS

A Senate Republican wants to see the Senate parliamentarian fired and plans to introduce a resolution that would require the position to be term-limited.

Fury erupted among conservatives Thursday morning following the news that Senate Parliamentarian Elizabeth MacDonough ruled several key reforms and tweaks to Medicaid in the Senate GOP’s version of President Donald Trump’s ‘big, beautiful bill’ did not pass muster with Senate rules.

That means that the current provisions that do not comply with the Byrd Rule must be stripped, but Republicans can still scramble to rewrite and resubmit the policy to the parliamentarian.

However, Sen. Roger Marshall, R-Kan., wants immediate action taken against the parliamentarian.

‘In 2001, Majority Leader Trent Lott fired the Senate parliamentarian during reconciliation,’ Marshall told Fox News Digital. ‘It’s 2025 during reconciliation, and we need to again fire the Senate parliamentarian.’

He argued that, based upon early reports, the parliamentarian’s rulings against myriad provisions in the bill may erase up to $500 billion in spending cuts, which could hamper the bill’s survival among fiscal hawks and miss the goal of hitting up to $2 trillion in spending cuts over the next decade. 

Senate Majority Leader John Thune, R-S.D., has made clear that he did not intend to overrule the parliamentarian. Fox News Digital reached out to the top Senate Republican for comment.

Marshall, like other congressional Republicans, was particularly incensed over the parliamentarian’s rulings that gutted numerous changes Senate Republicans made to the widely-used Medicaid program that triggered conservatives.

Among the axed provisions was the Senate GOP’s harsher crackdown on the Medicaid provider rate, or the amount that state Medicaid programs pay to providers on behalf of Medicaid beneficiaries, which proved a divisive policy among some in the conference.

Other provisions that were nixed included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children’s Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care.

Republicans viewed those as key cost-saving changes, and their removal has likely set back their plan to put the mammoth bill on Trump’s desk by July 4.

The parliamentarian is chosen by the Senate majority leader and serves without term limits in the role.

Marshall wants to put an end to that practice and plans to introduce a resolution on Thursday that would only be allowed to serve one, six-year term.

‘The current parliamentarian has been in office since 2012, appointed by Harry Reid,’ Marshall said. ‘This is NOT an elected position. Power tends to corrupt,  and absolute power corrupts absolutely. Term limits on a person with this absolute power need be implemented.’


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A group of House Republicans is demanding details on how government agencies are addressing the growing threat of unauthorized drone incursions on U.S. military installations. 

In letters sent Thursday, the Subcommittee on Military and Foreign Affairs requested a trove of documents and communications from the Departments of Defense (DoD), Transportation (DOT), and Justice (DOJ). 

The letters note that in 2024 alone, there were 350 drone incursions at over 100 U.S. military bases. 

Lawmakers believe many of the responses to the illegal incursions, including an instance where a group of drones traipsed over Langley Air Force Base for over two weeks in December 2023, have been insufficient and fragmented. 

Under current rules, base commanders must establish ‘hostile intent’ before taking action — a threshold the lawmakers say is ill-suited to fast-moving and ambiguous drone threats.

Coordination between military installations, the DOJ, Federal Aviation Administration (FAA), and local law enforcement is often ‘improvised and bureaucratically delayed,’ the letter states, leaving gaps that adversaries could exploit.

To assess the issue, Republicans are asking the agencies to turn over documents by July 10, including: all interagency policies and agreements on drone detection and mitigation; a list of all facilities protected under Title 10 Section 130(i); communications involving DoD, DOJ, FAA, and others about drone threats and authority gaps; all incident reports related to drone incursions since January 2022; any internal reviews assessing current legal frameworks and recommending reforms; plans for a joint federal-state-local task force on counter-drone coordination.

Fox News Digital has reached out to DoD, DOJ, and DOT for comment.

The lawmakers frame their demands as part of a broader push for legislative reform and operational clarity in the face of escalating drone threats to national security. ‘This is a rapidly evolving threat that requires a unified and proactive response,’ the letter states, emphasizing the need for better data sharing and resource allocation between agencies.

The threat comes at a time when the lethal capabilities of modern drone warfare have been proven on the ground in Ukraine and in the Middle East. 

READ THE LETTER BELOW. APP USERS: CLICK HERE

From the early days of Russia’s 2022 invasion, unmanned aerial systems (UAS) have been deployed with devastating effect by both Russian and Ukrainian forces, transforming how battles are fought and how intelligence is gathered. What began as surveillance and artillery-spotting platforms has evolved into a full-scale integration of explosive-laden loitering munitions, or ‘kamikaze drones,’ capable of precision strikes deep behind enemy lines.

One of the most notorious platforms is the Iranian-made Shahed-136, a low-cost, GPS-guided drone that Russia has used in swarms to overwhelm Ukrainian air defenses and strike civilian infrastructure, including power stations and residential areas. These drones, launched in waves, have been used to sow terror and inflict strategic damage while costing a fraction of conventional missiles. Ukraine, for its part, has responded with creative adaptations, converting consumer camera drones into improvised bombers and launching strikes on Russian trenches, vehicles, and even naval assets in the Black Sea.

Israel used drones alongside warplanes to assault top generals and key military and nuclear facilities in Operation Rising Lion this month. Iran fired back its own onslaught of drones toward Israel.

Military analysts have said Ukraine represents the first major war where drones are central to strategy, not just supporting tools. Their widespread deployment has forced a tactical rethink, prompted innovations in electronic warfare and counter-UAS systems, and prompted debate about how quickly drones may outpace manned aircraft in aerial combat. 


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Senate Republicans pushed back against a leaked report that President Donald Trump’s strikes on Iran did not obliterate the Islamic Republic’s nuclear program, but still wanted more information on the full extent of the damage done to the key facilities.

A widely reported ‘low confidence’ assessment from the Defense Intelligence Agency (DIA) suggested that the weekend strikes, dubbed Operation Midnight Hammer, did not completely destroy Iran’s nuclear capabilities.

Trump has remained firm that the sites were ‘totally obliterated,’ and the White House has strongly pushed back against the report. And both the Israeli and Iranian governments agree that the sites were badly damaged.

Members of the Senate Foreign Relations Committee and Senate Armed Services Committee told Fox News Digital that they were confident in the president’s assessment and pushed back against the DIA’s findings.

‘First of all, one of the things I’d consider is the DIA said that Ukraine would be wiped out in three days,’ Sen. Kevin Cramer, R-N.D., told Fox News Digital. ‘And second, whatever the damage to Fordow is, the damage to the [nuclear] capabilities of Iran are devastating.’

Cramer said that the effectiveness of the bombing, which was carried out by several B-2 bombers armed with bunker-busting bombs, could not be ‘overstated,’ and warned that lingering questions surrounding the effectiveness of the operation were just ‘fodder for political discussion.’

‘I think the mission was accomplished,’ he said.

Senate Armed Services Committee Chair Roger Wicker, R-Miss., had not yet read the report, but called the DIA’s finding and subsequent news reports ‘bogus.’ Wicker’s sentiment came just after Senate Republicans met behind closed doors with Israeli Ambassador Yechiel Leiter.

‘We just spoke to the Israeli ambassador to the United States just a few moments ago, and his assessment is that their capability has been destroyed for years,’ Wicker said.

Still, just how damaged the nuclear facilities are, particularly the Fordow Fuel Enrichment Plant buried deep under layers of rock, is a question lawmakers want answered and believe would only come from a true boots-on-the-ground assessment.

Senators are set to receive a briefing Thursday afternoon from Trump officials on the strikes, and expect to learn more about the true extent of the damage.

Sen. Mike Rounds, R-S.D., told Fox News Digital that he’d seen all the evidence and there was not ‘an inconsistency’ between the president’s assertions and the materials he had seen.

He said that the briefing would allow lawmakers ‘a chance from multiple sources to glean what’s actually down deep underneath,’ but noted that until more clear information was available, absolute confirmation of the total damage wrought by the bombs was not complete.

Whether another strike should be authorized should further intelligence show that the program was not fully destroyed, Rounds said, ‘another strike depends on what the other options would be.’

‘I don’t think you ever take anything off the table for the president, but there might be other ways of handling it as well, because we’ve really opened that place up now,’ he said.  


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