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Republican Sen. Rand Paul of Kentucky strongly objected after Vice President JD Vance asserted in a Saturday post on X that ‘Killing cartel members who poison our fellow citizens is the highest and best use of our military.’

‘JD ‘I don’t give a s[—]’ Vance says killing people he accuses of a crime is the ‘highest and best use of the military.’ Did he ever read To Kill a Mockingbird? Did he ever wonder what might happen if the accused were immediately executed without trial or representation??’ Senator Paul wrote. ‘What a despicable and thoughtless sentiment it is to glorify killing someone without a trial.’ 

In a Truth Social post last week, President Donald Trump shared video footage of what he said was ‘a kinetic strike against positively identified Tren de Aragua Narcoterrorists’ who he said ‘were at sea in International waters transporting illegal narcotics, heading to the United States.’

Someone responded to Vance by writing that, ‘Killing the citizens of another nation who are civilians without any due process is called a war crime.’ 

But the vice president swiftly fired back.

‘I don’t give a s[—] what you call it,’ Vance declared.

GOP Sen. Bernie Moreno of Ohio pushed back against Paul.

‘What’s really despicable is defending foreign terrorist drug traffickers who are *directly* responsible for the deaths of hundreds of thousands of Americans in Kentucky and Ohio. JD understands that our first responsibility is to protect the life and liberty of American citizens,’ Moreno wrote on on X.

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President Donald Trump has been racing at breakneck speed to keep all his campaign promises. Yet he has only four months left to fulfill his vow to halve electricity prices by the end of his first year. Fighting against the fallout of the Biden administration’s harmful anti-fossil fuel agenda, the president faces stiff headwinds. The only way the president can meet his self-imposed deadline is to change course quickly, reject Biden’s mistakes and unlock the potential of every available electron.  

So far, the trend lines aren’t looking good. In the last year, electricity prices have risen twice as fast as inflation, and the Energy Information Administration estimates that retail electricity prices will continue to outpace inflation through next year, with residential prices surging between 13% to 18% higher than in 2022. 

Though, traditionally, consumers have been much more concerned about gas prices — a number they see projected on highway signs and experience firsthand multiple times a month at the pump — the experience of electricity price spikes instead of the promised price cuts will risk diminishing Trump’s popular support. 

What’s worse, these price hikes will arrive before the midterms, when Trump will be battling to retain his slim congressional majorities. 

The current price hikes aren’t Trump’s fault. Instead, he inherited a market with increasing and unprecedented energy demand coupled with the fallout from the Biden administration’s harmful policies to phase out fossil fuels. 

Technological innovations like cloud and quantum computing, crypto mining, electric vehicle adoption, streaming services and, most of all, AI data centers, all have tremendous energy demands, which drive electricity prices higher. Rand estimates global AI data centers alone will need 327 GW of energy by 2030. To put that into perspective, the entire state of California used 86 GW of energy in 2022. 

In the face of rising demand, the Biden administration embarked on an aggressive program to curtail legacy energy production. The Biden EPA imposed new emissions restrictions that effectively forced the retirement of coal and natural gas power plants and manipulated regulations across agencies to hem in traditional fuel sources. 

If these Biden-era policies didn’t cause the current electricity price spikes, they at least allowed today’s demand-induced price increases to hit consumers unabated. 

Trump now has to deal with a crisis not of his own making. With his firm commitments to win the AI race, advance crypto and reshore energy-intensive manufacturing such as semiconductor production, Trump can only keep electricity prices in check by massively increasing supply to meet rising demand. 

Unfortunately, his administration appears to be repeating the same mistakes as Biden’s, just colored with a different ideology. 

Where the Biden administration cut energy supplies by attacking fossil fuel production, the Trump administration is limiting alternative and renewable energy sources. 

The One Big Beautiful Bill rescinds tax incentives for renewables, while the administration has advanced multiple orders and rules that limit clean energy, from halting offshore wind leases to curbing solar tax credits. 

‘Drill, baby, drill’ is a great energy policy, but it’s not enough by itself. While America produced nearly enough energy from fossil fuels (86.3 quads) to supply our nation’s entire energy consumption (93.59 quads) in 2023, the fact is, we need alternative energy sources just to meet current demands. When the future requires even more energy, the necessity for alternative energy will only increase. 

The cheapest way to put more electrons into the power grid immediately is to erect significantly more solar and energy storage infrastructure, coupled with natural gas peaker plants that can be rapidly turned on during peak hours. 

In the medium term, America needs to increase nuclear energy production, build more energy infrastructure like electric transmission lines and natural gas pipelines, and construct geothermal power plants while deploying grid-enhancing technology, improving demand response and increasing energy efficiency. With the growing adoption of solar and EVs, the United States can even create an aggregated network of residential, virtual power plants that only draw energy in low-use times while feeding energy back into the grid when it’s needed most. 

If these Biden-era policies didn’t cause the current electricity price spikes, they at least allowed today’s demand-induced price increases to hit consumers unabated. 

The point is, every energy source and efficiency measure must be deployed if we have any hope of keeping prices in check. 

President Trump can’t be blamed for the current rise in energy prices. But he could be blamed down the road if his administration continues to limit supply by favoring one source of energy over others. At the end of each month, most consumers don’t care where their energy comes from; they only care that it’s cheap. 

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A small group of Republican lawmakers who did not feel their leaders were pushing a conservative enough agenda first began meeting in secret a decade ago, huddling in small rooms both inside and outside the U.S. Capitol, while closely guarding their membership for fear of punishment by top House GOP leaders.

Fast-forward to Thursday morning, and the House Freedom Caucus (HFC) was welcoming its members, top GOP donors, Trump administration officials and even Speaker Mike Johnson, R-La., to an ornate room inside Washington, D.C.’s Willard Hotel to mark its decade anniversary and its first annual policy summit.

‘It’s a big celebration and an anniversary for them, and I want to be a part of it,’ Johnson told Fox News Digital just before addressing the group. ‘Some of my closest friends are in this room.’

The caucus that former House Speaker John Boehner, R-Ohio, once called ‘legislative terrorists’ are now at the center of key Republican policy fights in Washington. And while they’re still a source of frustration for many GOP lawmakers – who find the group to be disruptive to Republicans’ agenda – HFC is hiding no more and has the ear of some of the most powerful people in D.C.

‘This was never our goal, you know, but we wanted to have an impact,’ Rep. Marlin Stutzman, R-Ind., a founding member of HFC who left Congress and returned in 2025, told Fox News Digital of the event at the Willard. ‘There’s always a lot of agreement in the conference, like, ‘Oh yeah, we would like to get there,’ but…sometimes you kind of need the difficult people to help move it a little bit further to the right than what you thought you might be able to.’

And rather than being a thorn in the side of Republican leaders, HFC is trying to work hand-in-hand with President Donald Trump to push for conservative policies.

They are not going against the grain any longer, House Freedom Caucus Chair Andy Harris, R-Md., told Fox News Digital.

‘We’re driving the grain,’ he said. ‘We work with the president to advance his agenda in the most conservative way possible, and we’ve been successful.’

Border czar Tom Homan, who also addressed the event along with Office of Management and Budget (OMB) Director Russell Vought, told Fox News Digital that HFC was key to advancing Trump’s border agenda.

‘They’re on the right side,’ Homan said. ‘They want to secure the border because they know a secure border, a strong border, gives us strong national security…they want us to enforce the laws.’

In late 2023, a group of HFC members were key to successfully pushing out a House speaker mid-congressional term for the first time in U.S. history.

They’ve also played significant roles in pushing Republican spending bills and the recent One Big, Beautiful Bill Act to the right – at least in the House.

Even in the middle of their two-day event on Thursday, some HFC members threatened to sink a GOP-led spending bill as a warning shot to House leaders to keep on a conservative path.

The approach has been seen as divisive for years, and this year is no different.

‘They act as if they are the only principled conservatives in the conference. It’s almost as if they would rather be in the minority,’ one House Republican, granted anonymity to speak freely, told Fox News Digital. ‘They love the attention they get when they hold out, only to fold in the end. It’s why no one respects them.’

Another GOP lawmaker said, in the context of current talks to avert a government shutdown, ‘The Freedom Caucus is not what it was two years ago or even four years ago. I don’t know what you call them, but Andy Harris speaks for himself.’

‘What is the goal of the Freedom Caucus? Is it to win? Is it to fold?’ they asked. ‘I mean, have they lost their teeth? From an outside perspective, no, I still think they get heard.’

Current HFC members brushed off the criticism.

‘We’re willing to negotiate with Donald Trump and the Senate to beat Democrats with the most conservative bill possible, so please keep assuming that we’re dead, and please keep writing that obituary, because we’re winning,’ HFC Policy Chair Chip Roy, R-Texas, told Fox News Digital.

Harris said of the critics, ‘If winning is folding, then I’ll fold every time.’

Indeed, the group does have the ear of the White House.

Former HFC Chair Scott Perry, R-Pa., who gave opening remarks during a portion of the summit exclusively viewed by Fox News Digital, revealed that White House aides attended the group’s recent meeting with conservative senators.

‘Last night, with representatives from the White House, we were asked, ‘What is the plan?’ I’m not exaggerating, this is your Freedom Caucus, the ‘legislative terrorists’ in the room where it happened,’ Perry told the audience.

But the group is expected to see some high-profile departures in the next congressional term: Roy is running for Texas Attorney General, and Reps. Andy Biggs, R-Ariz., and Byron Donalds, R-Fla., are both running for governor, among others.

Roy told Fox News Digital of the turnover, ‘We’ve had a conversation. We have things we want to do to help kind of make sure and ensure the longevity. Right now, we’ve got to make sure the good people are running. We have to make sure we continue to grow the ranks of the Freedom Caucus.’

And newer members have signaled they’re ready to fill the ranks of those left behind.

‘Now that I’ve been here, and it’s my third year, and I get comfortable with this, it gives me a lot more confidence to know what is the right path or what’s the wrong path,’ said Rep. Eric Burlison, R-Mo., whose profile in HFC has risen in his short time in Congress. ‘And I think there’s other members like me that are – as these guys step away, there’s plenty of really talented members to step in their shoes.’

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Shares of Kenvue fell more than 10% on Friday after a report that Health Secretary Robert F. Kennedy Jr. will likely link autism to the use of the company’s pain medication Tylenol in pregnant women.

HHS will release the report that could draw that link this month, The Wall Street Journal reported on Friday.

That report will also suggest a medicine derived from folate — a water-soluble vitamin — can be used to treat symptoms of the developmental disorder in some people, according to the Journal.

In a statement, an HHS spokesperson said, “We are using gold-standard science to get to the bottom of America’s unprecedented rise in autism rates.”

“Until we release the final report, any claims about its contents are nothing more than speculation,” they added.

Tylenol could be the latest widely used and accepted treatment that Kennedy has undermined at the helm of HHS, which oversees federal health agencies that regulate drugs and other therapies. Kennedy has also taken steps to change vaccine policy in the U.S., and has amplified false claims about safe and effective shots that use mRNA technology.

Kennedy has made the disorder a key focus of HHS, pledging in April that the agency will “know what has caused the autism epidemic” by September and eliminate exposures. He also said that month that the agency has launched a “massive testing and research effort” involving hundreds of scientists worldwide that will determine the cause.

In a statement, Kenvue said it has “continuously evaluated the science and [continues] to believe there is no causal link” between the use of acetaminophen, the generic name for Tylenol, during pregnancy and autism.

The company added that the Food and Drug Administration and leading medical organizations “agree on the safety” of the drug, its use during pregnancy and the information provided on the Tylenol label.

The FDA website says the agency has not found “clear evidence” that appropriate use of acetaminophen during pregnancy causes “adverse pregnancy, birth, neurobehavioral, or developmental outcomes.” But the FDA said it advises pregnant women to speak with their health-care providers before using over-the-counter drugs.

The American College of Obstetricians and Gynecologists maintains that acetaminophen is safe during pregnancy when taken as directed and after consulting a health-care provider.

Some previous studies have suggested the drug poses risks to fetal development, and some parents have brought lawsuits claiming that they gave birth to children with autism after using it.

But a federal judge in Manhattan ruled in 2023 that some of those lawsuits lacked scientific evidence and later ended the litigation in 2024. Some research has also found no association between acetaminophen use and autism.

In a note on Friday, BNP Paribas analyst Navann Ty said the firm believes the “hurdle to proving causation [between the drug and autism] is high, particularly given that the litigation previously concluded in Kenvue’s favor.”

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In 1947, the United States War Department became the Department of Defense, as our nation was entering what would be four decades of Cold War with the Soviet Union, and taking its place as a global superpower.

On Friday, President Donald Trump signed an executive order bringing the original name back to the department created by George Washington in 1789. It brings with it a change that would have earned the hearty approval of our first president.

In the 78 years in which the United States has had a ‘Department of Defense,’ we never declared war a single time, but that didn’t stop thousands upon thousands of American soldiers from sacrificing their lives in Korea, Vietnam, and later, the Middle East.

During this time, the United States widely became known as the world’s policeman. Without actually declaring wars, we played a violent game of Twister across the globe, our Defense Department dipping its toes into conflicts across continents.

Too often, the role of our soldiers was not to kill the enemy, but to maintain order, and just as a police force is restrained from using total force against criminals, our military was too often simply not allowed to bring its full force to bear.

There is a fundamental and important difference between war and policing. Wars can be won, policing cannot. Policing is a never-ending struggle, and that is exactly what America’s military interventions felt like under the reign of the Department of Defense.

‘I want offense too,’ Trump has quipped about the name change. But what he really means is that he wants wars we can win, not endless nation-building boondoggles meant to maintain balance in a world full of conflagrations from Ukraine to Gaza.

Secretary of War, as he is now known, Pete Hegseth has made clear his priority is lethality, not just being a stick for diplomats to use. He wants an army, not a police force.

It was Carl von Clausewitz, the early 19th Century father of modern war, who defined military victory as compelling the enemy to do your will by destroying their desire and means to resist. That is something our military has not done in some time.

But that may be changing.

It was no accident that this cabinet-level name change occurred in the wake of the Trump administration blowing an alleged speedboat full of drugs and drug smugglers from Venezuela to smithereens.

Under the old rubric, that boat might have been stopped, its crew given Miranda rights. In other words, it would have been policed.

But does this mere police work actually work, per Clausewitz, to destroy the Venezuelan gangs’ and government’s will and means to flood our country with deadly drugs? It does not, it just maintains the status quo from the border to the graveyard.

But now, the next guys in line to jump aboard a drug-laden boat headed for Florida aren’t looking at possible jail time, in facilities all but run by their gangs. No, they are looking at a quick exit to eternity under the sea.

Likewise, Trump’s direct attack on Iran’s nuclear facilities sent a new message to the Ayatollah that if he goes too far, we will destroy him and his nation.

The Department of Defense, may it rest in peace, was a noble idea. It was launched in the spirit of ending war, not winning wars. It was meant to prop up democracies around the planet until all nations found the right and just path of freedom and capitalism.

It may have been worth a shot, but it just didn’t work, and that is why the Trump administration is returning to the original premise, that armies don’t exist to protect and serve the world, they exist to kill our enemies.

Not long after President Washington established the War Department, he would give a farewell address in which warned against engaging in foreign entanglements, and yet under the name Department of Defense, our military seemed to do little else.

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President Trump is sending the message that the United States will no longer be defending itself through proportional half measures and never-ending peace missions. No, from here on out, the Department of War does not exist to contain or constrain our enemies, it exists, as it should, to destroy them.

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Vice President JD Vance stopped short of confirming a 2028 White House run during an appearance on My View with Lara Trump Saturday night, but he acknowledged the possibility—noting if he does his job well, ‘the politics will figure itself out.’

Vance, whose resilience amid an upbringing marked with family turmoil and economic hardship won over the nation, said he ‘doesn’t like thinking about’ a potential presidential bid and insisted his attention remains on his current role.

‘If we do a good job in 2025 and 2026, then we can talk about the politics in 2027,’ Vance said. ‘I really think the American people are so fed up with folks who are already running for the next job, seven months into the current one.’

The second-in-command added if he ends up running, he knows he will have to work for it.

‘There are a lot of great people,’ Vance said. ‘If I do end up running, it’s not going to be given to me—either on the Republican side or on the national side. I’m just going to keep on working hard. … [This] may be the most important job I ever had, outside of being a father to those three beautiful kids. So I’m going to try to do my best job, and I think if I do that, the politics will figure itself out.’

When asked specifically about potential 2028 Democratic candidates, he noted most of them ‘obviously have very bad records.’

Vance mainly focused on discussing his own ticket, praising President Donald Trump’s relentless work ethic and trusting leadership style and explaining the president ‘doesn’t have an off switch.’

‘Sometimes, the president will call you at 12:30 or 2 a.m., and then call you at 6 a.m. about a totally different topic,’ Vance said. ‘It’s like, ‘Mr. president, did you go to sleep last night.’ … What’s made this so much fun is the president, all the time, just saying, ‘JD you go and do this,’ or ‘JD you go and talk to these leaders about this particular issue.’ That ability to delegate and trust his people has been really amazing.’

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The deadly U.S. strike in the Caribbean this week is being cast by experts as the latest move in a broader campaign to dismantle Iran and Hezbollah’s growing narco empire in Venezuela.

U.S. officials say Tren de Aragua works closely with the Cartel of the Suns — a network of Venezuelan military elites long accused of moving cocaine in collaboration with Hezbollah.

White House spokesperson Anna Kelly told Fox News Digital that ‘President Trump has taken numerous actions to curtail Iran’s terrorist proxies like Hezbollah, such as sanctioning senior officials and financial facilitators. The President has proven that he will hold any terrorist group accountable that threatens the national security of our country by smuggling narcotics intended to kill Americans.’

Brian Townsend, a retired DEA special agent, told Fox News Digital, ‘This was a decisive blow against narco-terrorists,’ and said Hezbollah’s role is rarely visible but essential, ‘They don’t get their hands dirty. Instead, they launder and provide networks to help cartels send money through the Middle East. Simply, they take a cut from the drug trade, which then funds their operations in the Middle East.’

Townsend added that Hezbollah has become ‘a main finance and money launderer for narco-terrorism groups like Tren de Aragua,’ ensuring that when cocaine moves, Hezbollah-linked facilitators are often processing at least part of the proceeds.

Dani Citrinowicz, a senior fellow at Israel’s Institute for National Security Studies, said Hezbollah’s reach depends heavily on the region’s Lebanese diaspora. ‘Most of the Shia diaspora, at least in Central and South America, is Lebanese,’ he told Fox News Digital. ‘Hezbollah is the connector between the diaspora and Iran.’

Citrinowicz said the group uses family ties, language and community institutions to cement its influence across Latin America. ‘They appoint imams, fund religious centers and control educational programs … through these networks, Hezbollah can interact with local cartels, sell drugs, and channel the profits back to Lebanon through elaborate schemes.’

He said this role as a connector makes Hezbollah indispensable to Iran’s strategy in the Western Hemisphere. ‘The connection starts and ends with enmity towards the West in general, specifically to the United States,’ he said. ‘As long as Maduro is there, the Iranians will be there. But if Maduro goes, Iran will lose the most important stronghold of its activity in Latin America.’

Townsend stated the partnership works for both sides. ‘Iran’s partnership with Maduro enables Hezbollah to operate in Venezuela. Iran gets to safely operate, through Hezbollah, in the West without prosecution, and Maduro and his officials get paid well. Ultimately, Iran uses and exploits Maduro. Maduro doesn’t care — he and his friends benefit financially.’

Both experts pointed to state complicity as the key enabler. ‘Under Maduro and Chávez, Venezuela has become a major transshipment hub for Colombian cocaine,’ Townsend said. ‘There have been several indictments in the U.S. and Treasury OFAC designations that tie senior government officials directly to the use of state infrastructure — ports, air bases, even military convoys — to move massive shipments of cocaine. Cartel of the Suns, high-ranking military officers, run and protects these shipments. Who launders all of this drug money? Hezbollah.’

Citrinowicz emphasized Iran’s investment in Venezuelan power structures. ‘The enhancement is illustrated by several aspects: first and foremost, the military cooperation, especially Iranian factories building UAVs for the Venezuelan army, and constant Quds Force flights from Iran through Africa toward Venezuela,’ he said. ‘Iran is also teaching Venezuela how to bypass sanctions and has invested billions into the economy.’

Experts say Washington’s best leverage lies in choking the finances. ‘We need to aggressively target and choke these financial networks,’ Townsend said. ‘The priority is to attack the financial and logistical networks, indict everyone we can and pressure Maduro. If we can cut off the financial arteries, the cocaine won’t be as profitable.’

Citrinowicz agreed that the strike fits into a broader effort. ‘By weakening Maduro, the U.S. weakens the Iranian presence in Latin America and weakens Iran’s ability to threaten U.S. soil,’ he said. ‘The best way to weaken Venezuela is also to aim against the Iranian presence over there.’

For Washington, experts say Hezbollah’s narcotics empire in Venezuela is no longer just a regional problem. It is increasingly being treated as a direct threat to America’s security at home.

 

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Senate Republicans are getting closer to changing the upper chamber’s rules to allow for a slew of President Donald Trump’s lower-level nominees to be confirmed, and they’re closing in on a revived proposal from Democrats to do it.

The hope among Republicans is that using a tool that Senate Democrats once considered would allow them to avoid turning to the ‘nuclear option,’ meaning a rule change with a simple majority vote.

‘The Democrats should support it, because it was their original proposal that we’re continuing on,’ Senate Majority Whip John Barrasso, R-Wyo., told Fox News Digital. ‘And I wouldn’t be surprised if they won’t. This historic obstruction by the Democrats is all playing to their far-left liberal base, who hate President Trump.’

Republicans met throughout the week behind closed doors to discuss their options and have begun to coalesce around a proposal that would allow them to take one vote to confirm a group of nominees, also known as ‘en bloc,’ for sub-Cabinet level positions.

So far, the only nominee to make it through the Senate with ease was Secretary of State Marco Rubio in January. Since then, various positions throughout the bureaucracy have stacked up and have not received a voice vote or gone through unanimous consent — two commonly-used fast-track procedures for lower-level positions in the administration.

Senate Majority Leader John Thune, R-S.D., said that before Senate Minority Leader Chuck Schumer, D-N.Y., was in charge of the Democrats, ‘this was always done in a way where, if you had some of the lower-level nominees in the administration, those were all voted en bloc, they were packaged, they were grouped, they were stacked.’

‘This is the first president in history who, at this point in his presidency, hasn’t had at least one nominee clear by unanimous consent or voice vote,’ he said. ‘It is unprecedented what they’re doing. It’s got to be stopped.’

And the number of nominees on the Senate’s calendar continues to grow, reaching 149 picks awaiting confirmation this week. The goal would be to make that rule change before lawmakers leave town for a week starting Sept. 22.

The idea comes from legislation proposed in 2023 by Sens. Amy Klobuchar, D-Minn., Angus King, I-Maine, and former Sen. Ben Cardin, D-Md. Republicans are eyeing their own spin on it, such as possibly not limiting the number of en bloc nominees in a group or excluding judicial nominees.

Republicans would prefer to avoid going nuclear — the last time the nuclear option was used was in 2019, when then-Senate Majority Leader Mitch McConnell, R-Ky., lowered debate time on nominees to two hours — but they are willing to do so, given that Democrats haven’t budged on their blockade.

They may only be making a public display of resistance, however.

‘Democrats privately support what Republicans are talking about,’ a senior GOP aide familiar with negotiations told Fox News Digital. ‘They’re just too afraid to admit it.’

Sen. James Lankford, who worked with Thune and Barrasso over the recess to build a consensus on a rule change proposal, told Fox News Digital that his Democratic colleagues acknowledged that they’ve ‘created a precedent that is not sustainable.’

‘But then they’ll say, ‘but my progressive base is screaming at me to fight however I want to. I know I’m damaging the Senate, but I got to show that I’m fighting,’’ the Oklahoma Republican said.

‘We feel stuck, I mean, literally,’ Lankford continued. ‘Some of my colleagues have said, ‘We’re not the ones going nuclear. They’re the ones that are going nuclear.’’

Klobuchar told Fox News Digital that she appreciated the prior work she’s done with Lankford on ‘ways to make the Senate better’ but wasn’t ready to get behind the GOP’s version of her legislation.

‘When I proposed that, it was meant to pass as legislation, which means you would have needed bipartisan votes, and the reason that’s not happening right now is because the president keeps flaunting the law,’ she said.

Not every Senate Democrat is on board with the wholesale blockade, however.

Sen. John Fetterman, D-Pa., told Fox News Digital that lawmakers should all behave in a way in which administrations, either Republican or Democratic, get ‘those basic kinds of considerations’ for nominees.

‘That’s not the resistance,’ he said. ‘I just think that’s kind of unhelpful to just move forward. I mean, you can oppose people like the big ones, whether it’s [Health and Human Services Secretary Robert F.] Kennedy or others.’

Fox News Digital reached out to Schumer’s office for comment but did not immediately hear back. 

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Following unrelenting criticism from the United Nations, the U.S.-backed Gaza Humanitarian Foundation (GHF) is once again being targeted by NGOs, even as it delivered its 155 millionth meal to Gazans on Saturday.

Doctors Without Borders, known by its French acronym MSF has launched ads criticizing GHFMeta’s Ad Library shows that in August it ran several Facebook ads targeting the foundation. One ad read ‘This is not aid. This is orchestrated killing.’ Another said, ‘In MSF’s 54 years, rarely have we seen such levels of systemized violence.’

Both allegations are taken from an Aug. 6 article on MSF’s website in which General Director Raquel Ayora describes accounts received from patients reportedly injured around GHF sites. Ayora says aid seekers claimed to have witnessed ‘children shot in the chest while reaching for food. People crushed or suffocated in stampedes. Entire crowds gunned down at distribution points.’ 

GHF spokesperson Chapin Fay called MSF’s accusations, ‘false and disgraceful,’ saying that it is ‘amplifying a disinformation campaign orchestrated by the Hamas-linked Gaza Health Ministry. They know better. By repeating these lies, they’re not aiding civilians, they’re aiding Hamas.’

‘No civilians have ever been shot at any of our distribution sites,’ Fay told Fox News Digital.

Fay said that ‘Nearly every day, Nasser Hospital issues false reports to the media of civilians killed near our sites, based solely on testimony from others. Not a single MSF doctor has ever witnessed an incident near our sites. Any conflict between Israel and Hamas, sometimes several kilometers away, the Gaza Health Ministry falsely links to GHF.’

In response to questions about whether MSF employees have witnessed injuries or deaths at GHF sites firsthand, a spokesperson told Fox News Digital that, ‘MSF has documented the impacts of violence and chaos at GHF sites in Gaza, based on firsthand accounts of our personnel and patients at two clinical sites, as well as a body of medical data.’

MSF declined to respond to questions about how much money it has spent on ads targeting GHF, or whether it has advocated for medical care for Israeli hostages taken by Hamas. 

The MSF spokesperson added, ‘For the past 22 months, humanitarian organizations working in Gaza and the West Bank have consistently faced baseless and inaccuratesmear campaigns.’

Though there is growing outcry about purported violence near GHF sites, reporting from the United Nations indicates that there were twice as many deaths surrounding humanitarian aid convoys (576) as there were deaths around GHF sites (259) between July 21 and Aug. 18. 

A U.N. Office for the Coordination of Humanitarian Affairs update from August states there were 1,889 deaths near aid sites between May 27 and Aug. 18, 1,025 ‘near militarized distribution sites’ and 864 ‘along convoy supply routes.’ As of July 21, U.N. News reported there were 1,054 deaths at food distribution sites, with 766 near GHF sites, and 288 near U.N. and humanitarian aid convoys.

The U.N. Human Rights Office did not respond to a request for confirmation of these figures by press time. 

Amid tensions between GHF and humanitarian aid organizations, Fay said that GHF nonetheless provided support to MSF in early August after it requested help to ‘safeguard their medical aid from the elements.’ A GHF post on X from Aug. 7. showed what it said were pallets of MSF aid in GHF care. MSF did not respond to Fox News Digital’s request to confirm that they asked GHF for assistance with their supplies. 

When GHF staff were brought to Nasser Hospital after a Hamas attack in June that killed eight, they did not receive care from MSF staff, according to Fay.

A GHF employee’s written statement provided to Fox News Digital describes how wounded workers were taken to Nasser Hospital, where doctors refused to treat them. The witness said survivors were placed in a courtyard, where hospital staff incited others to beat them. One GHF employee was reportedly stabbed.

‘Three more GHF staff died due to their lack of treatment by Nasser Hospital. MSF doctors work there, yet claim they weren’t aware of the situation,’ Fay said.

In an Aug. 25 report following the Israeli bombing of Nasser Hospital, MSF said that it ‘has been operational in Nasser since before the conflict escalated in October 2023, providing trauma and burn care, physiotherapy, neonatal and pediatric services, and treatment for malnourished children, among other critical services.’

The Foundation for Defense of Democracies has reported multiple times since October 2023 that Hamas fighters have been operating out of Nasser Hospital. On Aug. 26, FDD senior research analyst Joe Truzman shared photos on X of two Hamas summonses that reportedly ordered individuals to come to Nasser Hospital for questioning.

MSF did not respond to questions about GHF employees failing to receive care or whether its staff at Nasser Hospital were aware of Hamas’ operations at the site.

In an online statement about the incident, MSF said it ‘has seen no credible evidence that healthcare was refused by Ministry of Health or other medical staff.’ The group also said ‘MSF staff have not been present in the emergency department of Nasser Hospital since 2024.’
 

On Saturday, the Gaza Humanitarian Foundation announced a new initiative to provide medical care to Gazans through a program with Samaritan’s Purse.

In a statement on X, the Gaza Humanitarian Foundation said that in addition to treating wounds, injuries and infections, it was also helping pregnant women.

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Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Some have posited that the gold price may rise as high as US$4,000 or US$5,000 per ounce, and there are those who believe that US$10,000 gold or even US$40,000 gold could become a reality.

These impressive price predictions have investors wondering, what is gold’s all-time high (ATH)?

In the past year, gold has reached a new all-time high dozens of times. Find out what has driven it to these levels, plus how the gold price has moved historically and what has driven its performance in recent years.

In this article

    How is gold traded?

    Before discovering what the highest gold price ever was, it’s worth looking at how the precious metal is traded. Knowing the mechanics behind gold’s historical moves can help illuminate why and how its price changes.

    Gold bullion is traded in dollars and cents per ounce, with activity taking place worldwide at all hours, resulting in a live price for the metal. Investors trade gold in major commodities markets such as New York, London, Tokyo and Hong Kong. London is seen as the center of physical precious metals trading, including for silver. The COMEX division of the New York Mercantile Exchange is home to most paper trading.

    There are many popular ways to invest in gold. The first is through purchasing gold bullion products such as bullion bars, bullion coins and rounds. Physical gold is sold on the spot market, meaning that buyers pay a specific price per ounce for the metal and then have it delivered. In some parts of the world, such as India, buying gold in the form of jewelry is the largest and most traditional route to investing in gold.

    Another path to gold investment is paper trading, which is done through the gold futures market. Participants enter into gold futures contracts for the delivery of gold in the future at an agreed-upon price.

    In such contracts, two positions can be taken: a long position under which delivery of the metal is accepted or a short position to provide delivery of the metal. Paper trading as a means to invest in gold can provide investors with the flexibility to liquidate assets that aren’t available to those who possess physical gold bullion.

    One significant long-term advantage of trading in the paper market is that investors can benefit from gold’s safe-haven status without needing to store it. Furthermore, gold futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.

    Interestingly, investors can also purchase physical gold via the futures market, but the process is complicated and lengthy and comes with a large investment and additional costs.

    Aside from those options, market participants can invest in gold through exchange-traded funds (ETFs). Investing in a gold ETF is similar to trading a gold stock on an exchange, and there are numerous gold ETF options to choose from. For instance, some ETFs focus solely on physical gold bullion, while others focus on gold futures contracts. Other gold ETFs center on gold-mining stocks or follow the gold spot price.

    It is important to understand that you will not own any physical gold when investing in an ETF — in general, even a gold ETF that tracks physical gold cannot be redeemed for tangible metal.

    With regards to the performance of gold versus trading stocks, gold has an interesting relationship with the stock market. The two often move in sync during “risk-on periods” when investors are bullish. On the flip side, they tend to become inversely correlated in times of volatility. There are a variety of options for investing in stocks, including gold mining stocks on the TSX and ASX, gold juniors, precious metals royalty companies and gold stocks that pay dividends.

    According to the World Gold Council, gold’s ability to decouple from the stock market during periods of stress makes it “unique amongst most hedges in the marketplace.” It is often during these times that gold outperforms the stock market. For that reason, it is often used as a portfolio diversifier to hedge against uncertainty.

    What was the highest gold price ever?

    The gold price peaked at US$3,599.61, its all-time high, during trading on September 5, 2025.

    What drove it to set this new ATH? Gold reached its new highest price following the release of unexpectedly weak US job data. Following the release, FedWatch’s odds for a 25 basis point rate cut at the upcoming US Federal Reserve meeting dropped from 99 to 90.2 percent, while odds of a 50 point drop jumped to 9.8 percent. The meeting will take place from September 16 to 17.

    Gold set new highs several times in the preceding week amid significant uncertainty in the US and global economies and surging gold ETF purchases.

    One significant driver came on August 29, when a US federal appeals court ruled that US President Donald Trump’s ‘liberation day’ tariffs, announced in April, are illegal, stating that only Congress has the power to enact widespread tariffs. The Trump administration is expected to appeal the ruling, which will go into effect on October 14.

    Stock markets fell during trading September 2, while treasury yields in the US and abroad rose significantly, providing tailwinds to the gold price. Gold was also boosted by the expectation of interest rate cuts by the US Federal Reserve at the September meeting.

    News surrounding the tariffs had previously led gold to reach multiple new highs back in April, as we dive into below.

    Gold price chart, December 31, 2024, to September 5, 2025.

    Why is the gold price setting new highs in 2025?

    This string of record-breaking highs this year are caused by several factors.

    Increased economic and geopolitical turmoil caused by the new Trump administration has been a tailwind for gold this year, as well as a weakening US dollar, sticky inflation in the country and increased safe haven gold demand.

    Since coming into office in late January, Trump has threatened or enacted tariffs on many countries, including blanket tariffs on longtime US allies Canada and Mexico and tariffs on the European Union. Trump has also implemented 25 percent tariffs on all steel and aluminum imports.

    The gold price set a string of new highs in the month of April amid high market volatility as markets reacted to tariff decisions from Trump and the escalating trade war between the US and China. By April 11, Trump had raised US tariffs on Chinese imports to 145 percent and China has raised its tariffs on US products to 125 percent.

    As for the effect of these widespread tariffs raising prices for the American populace, Trump has reiterated his sentiment that the US may need to go through a period of economic pain to enter a new ‘golden age’ of economic prosperity. Falling markets and a declining US dollar support gold, as did increased gold purchasing in China in response to US tariffs on the country. Elon Musk’s call to audit the gold holdings in Fort Knox has also brought attention to the yellow metal.

    What factors have driven the gold price in the last five years?

    Despite these recent runs, gold has seen its share of both peaks and troughs over the last decade. After remaining rangebound between US$1,100 and US$1,300 from 2014 to early 2019, gold pushed above US$1,500 in the second half of 2019 on a softer US dollar, rising geopolitical issues and a slowdown in economic growth.

    Gold’s first breach of the significant US$2,000 price level in mid-2020 was due in large part to economic uncertainty caused by the COVID-19 pandemic. To break through that barrier and reach what was then a record high, the yellow metal added more than US$500, or 32 percent, to its value in the first eight months of 2020.

    Gold price chart, August 31, 2020, to September 1, 2025.

    The gold price surpassed that level again in early 2022 as Russia’s invasion of Ukraine collided with rising inflation around the world, increasing the allure of safe-haven assets and pulling the yellow metal up to a price of US$2,074.60 on March 8, 2022. However, it fell throughout the rest of 2022, dropping below US$1,650 in October.

    Although it didn’t quite reach the level of volatility as the previous year, the gold price experienced drastic price changes in 2023 on the back of banking instability, high interest rates and the breakout of war in the Middle East.

    After central bank buying pushed the gold price up to the US$1,950.17 mark by the end of January, the US Federal Reserve’s 0.25 percent rate hike on February 1 sparked a retreat as the dollar and Treasury yields saw gains. The precious metal went on to fall to its lowest price level of the year at US$1,809.87 on February 23.

    The banking crisis that hit the US in early March caused a domino effect through the global financial system and led to the mid-March collapse of Credit Suisse, Switzerland’s second-largest bank. The gold price jumped to US$1,989.13 by March 15. The continued fallout in the global banking system throughout the second quarter of the year allowed gold to break above US$2,000 on April 3, and go on to flirt with a near-record high of US$2,049.92 on May 3.

    Those gains were tempered by the Fed’s ongoing rate hikes and improvements in the banking sector, resulting in a downward trend in the gold price throughout the remainder of the second quarter and throughout Q3. By October 4, gold had fallen to a low of US$1,820.01 and analysts expected the precious metal to drop below US$1,800.

    That was before the October 7 attacks by Hamas on Israel ignited legitimate fears of a much larger conflict erupting in the Middle East. Reacting to those fears, and to rising expectations that the Fed would begin to reverse course on interest rates, gold broke through the important psychological level of US$2,000 and closed at US$2,007.08 on October 27. As the fighting intensified, gold reached a then-new high of US$2,152.30 in intraday trading on December 3.

    That robust momentum in the spot gold price continued into 2024, chasing new highs on fears of a looming US recession, the promise of Fed rate cuts on the horizon, the worsening conflict in the Middle East and the tumultuous US presidential election year. By mid-March, gold was pushing up against the US$2,200 level.

    That record-setting momentum continued into the second quarter of 2024 when gold broke through US$2,400 in mid-April on strong central bank buying, sovereign debt concerns in China and investors expecting the Fed to start cutting interest rates. The precious metal went on to hit US$2,450.05 on May 20.

    Throughout the summer, the hits kept on coming.

    The global macro environment was highly bullish for gold in the lead up to the US election. Following the failed assassination attempt on Trump and a statement about coming interest rate cuts by Fed Chair Powell, the gold spot price hit a then new all-time high on July 16 at US$2,469.30. One week later, news that then-President Joe Biden would not seek re-election and would instead pass the baton to Vice President Kamala Harris eased some of the tension in the stock markets and strengthened the US dollar. This also pushed the price of gold down to US$2,387.99 on July 22, 2024.

    However, the bullish factors supporting gold remained in play, and the spot price for gold went on to breach US$2,500 on August 2 that year on a less than stellar US jobs report; it closed just above the US$2,440 level. A few weeks later, gold pushed past US$2,500 once again on August 16, closing above that level for the first time ever after the US Department of Commerce released data showing a fifth consecutive monthly decrease in a row for homebuilding.

    The news that the Chinese government issued new gold import quotas to banks in the country following a two month pause also helped fuel the gold price rally. Central bank gold buying has been a significant tailwind for the gold price this year, and China’s central bank has been one of the strongest buyers.

    Market watchers expected the Fed to cut interest rates by a quarter point at their September 2024 meeting, but news on September 12 that the regulators were still deciding between the expected cut or a larger half-point cut led gold prices on a rally that carried through into the next day, bringing gold prices near US$2,600.

    At the September 18 Fed meeting, the committee ultimately made the decision to cut rates by half a point, news that sent gold even higher. By September 20, it moved above US$2,600 and held above US$2,620.

    In October 2024, gold first breached the US$2,700 level and continued to higher on a variety of factors, including further rate cuts and economic data anticipation, the escalating conflict in the Middle East between Israel and Hezbollah, and economic stimulus in China — not to mention the very close race between the US presidential candidates.

    While the gold price fell following Trump’s win in early November and largely held under US$2,700 through the end of the year, it began trending upwards in 2025 to the new all-time high discussed earlier in the article.

    What’s next for the gold price?

    What’s next for the gold price is never an easy call to make. There are many factors to consider, but some of the most prevalent long-term drivers include economic expansion, market risk, opportunity cost and momentum.

    Economic expansion is one of the primary gold price contributors as it facilitates demand growth in several categories, including jewelry, technology and investment. As the World Gold Council explains, “This is particularly true in developing economies where gold is often used as a luxury item and a means to preserve wealth.”

    Market risk is also a prime catalyst for gold values as investors view the precious metal as the “ultimate safe haven,” and a hedge against currency depreciation, inflation and other systemic risks.

    Going forward, in addition to the Fed, inflation and geopolitical events, experts will be looking for cues from factors like supply and demand. In terms of supply, the world’s five top gold producers are China, Australia, Russia, Canada and the US. The consensus in the gold market is that major miners have not spent enough on gold exploration in recent years. Gold mine production has fallen from around 3,200 to 3,300 metric tons (MT) each year between 2018 and 2020 to around 3,000 to 3,100 MT each year between 2021 and 2023.

    On the demand side, China and India are the biggest buyers of physical gold, and are in a perpetual fight for the title of world’s largest gold consumer. That said, it’s worth noting that the last few years have brought a big rebound in central bank gold buying, which dropped to a record low in 2020, but reached a 55 year high of 1,136 MT in 2022.

    World Gold Council data shows 2024 central bank gold purchases came to 1,044.6 MT, marking the third year in a row above 1,000 MT. In H1 2025, the organization says gold purchases from central banks reached 415.1 MT.

    In addition to central bank moves, analysts are also watching for escalating tensions in the Middle East, a weakening US dollar, declining bond yields, and further interest rate cuts as factors that could push gold higher as investors look to secure their portfolios. “When it comes to outside factors that affect the market, it’s just tailwind after tailwind after tailwind. So I don’t really see the trend changing,” Coffin said.

    Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, believes that market risk and uncertainty surrounding tariffs and continued demand from central banks are the main drivers of gold.

    Should you beware of gold price manipulation?

    It’s important for investors to be aware that gold price manipulation is a hot topic in the industry.

    In 2011, when gold hit what was then a record high, it dropped swiftly in just a few short years. This decline after three years of impressive gains led many in the gold sector to cry foul and point to manipulation.

    Early in 2015, 10 banks were hit in a US probe on precious metals manipulation.

    Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the Bank of Nova Scotia (TSX:BNS,NYSE:BNS and other firms were involved in rigging gold and silver rates in the market from 2007 to 2013. Not long after, the long-running London gold fix was replaced by the LBMA gold price in a bid to increase gold price transparency. The twice-a-day process, operated by the ICE Benchmark Administration, still involves a variety of banks collaborating to set the gold price, but the system is now electronic.

    Still, manipulation has by no means been eradicated, as a 2020 fine on JPMorgan Chase & Co. (NYSE:JPM) shows. The next year, chat logs were released in a spoofing trial for two former precious metals traders from the Bank of America’s (NYSE:BAC) Merrill Lynch unit. They show a trader bragging about how easy it is to manipulate the gold price.

    Gold market participants have consistently spoken out about manipulation. In mid-2020, Chris Marcus, founder of Arcadia Economics and author of the book “The Big Silver Short,” said that when gold fell back below the US$2,000 mark after hitting close to US$2,070, he saw similarities to what happened with the gold price in 2011.

    Marcus has been following the gold and silver markets with a focus specifically on price manipulation for nearly a decade. His advice? “Trust your gut. I believe we’re witnessing the ultimate ’emperor’s really naked’ moment. This isn’t complex financial analysis. Sometimes I think of it as the greatest hypnotic thought experiment in history.”

    Investor takeaway

    While we have the answer to what the highest gold price ever is as of now, it remains to be seen how high gold can climb, and if the precious metal can reach as high as US$5,000, US$10,000 or even US$40,000.

    Even so, many market participants believe gold is a must have in any investment profile, and there is little doubt investors will continue to see gold price action making headlines this year and beyond.

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

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