Key EPA Ruling Tossed, ICE Surge Ending in Minnesota, More
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What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Amy Morris. President Trump is shrinking the Environmental Protection Agency more quickly and aggressively than before, culminating in this week's move to rescind the crucial endangerment finding.
This determination had no basis, in fact, had none whatsoever. And it had no basis in law.
This marks the reversal of a key scientific determination that greenhouse gases are harmful. Former EPA officials warn the changes are boosting pollution and could exacerbate health conditions like asthma, cardiovascular disease, and neurological development issues. The president has agreed to end sweeping federal immigration operations in Minnesota. White House Border Czar Tom Homan.
As a result of this surge operation, we have greatly reduced the number of targets for enforcement action. And many criminal aliens have been arrested and taken off the streets, including murders, sex offenders, national security threats, gang members and other violent criminals.
The decision marks a major step to de-escalate an operation that sparked protests and congressional scrutiny over the Trump administration's tactics, including the killings of two U.S. citizens. Republican Senator Shelley Moore Capito is doubtful that DHS funding is likely to pass ahead of the deadline and that Representative Rosa DeLauro's proposal to pull out ICE from that proposal will only make things more polarized and more political.
It looks fairly inevitable that we will have a partial shutdown of the Department of Homeland Security. I think it's good to frame that, remember, we did pass a lot of bills and the president signed into law, so 96% of the government is fully functioning. But that critical piece of homeland security in all likelihood will shut down.
Republican Senator Shelley Moore Capito on Bloomberg balance of power. Venezuela plans to grant more oil production land to Chevron and Spain's Repsol as the Trump administration pushes for private companies to rebuild that nation's energy sector. Energy Secretary Chris Wright touts the partnership between the U.S. and Venezuela.
They can bring capital. They can bring American technology and American can-do culture. Americans are risk takers. Americans are innovators. They've got welcoming partners here.
America and Venezuela have been partners for many decades. Officials in Caracas are poised to award the exploration and production blocks as soon as this week.
What recent changes have occurred in the Environmental Protection Agency?
The Trump administration is expected to issue a general license to allow international oil companies to explore and produce in Venezuela without violating U.S. sanctions. A federal judge in Washington has ruled Defense Secretary Pete Hegseth cannot penalize Senator Mark Kelly over a video in which Kelly told service members they can refuse illegal orders. The judge blocked the Pentagon from pursuing disciplinary action against Kelly, saying that cutting his retirement benefits was likely unconstitutional and that it trampled on Kelly's First Amendment freedoms. The White House is trying to ramp up pressure on JPMorgan Chase CEO Jamie Dimon to cap credit card interest rates. White House Trade Advisor Peter Navarro.
Jamie Dimon, lower your frigging credit card interest rates. You are a criminal the way you charge the American people at $22.25. Trump's push for a year-long 10% limit on interest rates has drawn pushback from some of the largest banks and card issuers.
Diamond last month said the move would spark an economic disaster for the U.S. Navarro also said... The North American trade pact has significant flaws, but sidestepped questions about whether the U.S. would leave the USMCA deal, which is up for review July 1st.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–2:49
2
What recent changes have occurred in the Environmental Protection Agency?
2:49–4:49
3
How are former EPA officials responding to the latest rulings?
4:49–5:41
4
What is the significance of the recent changes to immigration operations in Minnesota?
5:41–7:20
5
What are the implications of the Trump administration's immigration tactics?
7:20–7:32
Speakers
6 identifiedMore from Bloomberg News Now
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