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🔵 Big Trump Win
Citizen Frank
May 19, 2025
Good morning. It’s Monday, May 19.
The Supreme Court gave the Trump administration the go-ahead Monday to scrap temporary deportation protections for hundreds of thousands of Venezuelan migrants.
The justices lifted a San Francisco judge’s March stay on a White House order ending an 18-month extension of temporary protected status (TPS) for migrants from the South American country. The San Francisco-based Ninth Circuit Court of Appeals upheld the stay, prompting the administration’s Supreme Court petition.
Monday’s order lifted the stay while the Ninth Circuit hears arguments for and against scrapping the 18-month extension.
Embattled CBS News boss Wendy McMahon was pushed out on Monday after less than two years – including a $20 billion lawsuit brought by President Trump that has stalled parent company Paramount’s $8 billion merger with Skydance Media.
McMahon, who was given the title of CEO of CBS News, Stations, and CBS Media Ventures in 2023, has opposed settling the lawsuit over a “60 Minutes” interview with Kamala Harris in the heat of the presidential campaign that Trump alleges was deceptively edited to aid the former vice president.
“It’s become clear that the company and I do not agree on the path forward,” McMahon said in a memo sent to shell-shocked staff.
The office of former President Joe Biden said Sunday that Biden, 82, had been diagnosed with late-stage prostate cancer last week, but doctors are suggesting that, given the progression of the disease, Biden and his doctors likely knew of the diagnosis for years before now.
Dr. Ezekiel Emanuel, an oncologist who served in President Obama’s administration and joined Biden’s administration as a COVID-19 advisor, said Biden likely had prostate cancer at the start of his presidency in 2021.
“This is not speculation. If you have prostate cancer that has spread to the bone, then he most certainly—you were saying—had it when he was president of the United States,” MSNBC host Joe Scarborough asked Emanuel in an interview Monday.
Joe Biden broke his silence after his office revealed Sunday that the former president is battling an “aggressive” form of prostate cancer.
Biden, 82, posted a selfie with his wife Jill and their cat on social media, expressing gratitude for the well wishes he received.
“Cancer touches us all. Like so many of you, Jill and I have learned that we are strongest in the broken places. Thank you for lifting us up with love and support,” Biden wrote in the caption.
House Republicans’ last-minute grappling over the details of President Trump’s “big, beautiful” tax-and-spending bill has them colliding with a stark reality: The plan won’t reduce federal budget deficits and would make America’s fiscal hole deeper.
The current proposal would increase projected budget deficits by nearly $3 trillion through 2034, locking in tax cuts and spending increases that outweigh reductions in spending on Medicaid and nutrition assistance. While Republicans, who have vowed to reduce red ink, say higher economic growth will fill the gap, budget analysts across the political spectrum have panned the Republican plan, warning that it worsens the U.S. fiscal picture.
The bill could reach the House floor this week, and it is a tenuous balance between the party’s tax-cut wing and factions seeking larger, quicker spending cuts. To get a bill through the House with their 220-213 majority, GOP tax cutters trimmed their ambitions and scheduled some breaks to expire. Many spending hawks, meanwhile, backed the plan while groaning that it doesn’t go far enough fast enough. Others are holding out for more.
U.S. Treasury yields were off their session highs but remained elevated after Moody’s downgraded the U.S.’s credit rating. Rates hit key levels that have pressured financial markets recently.
The 30-year Treasury yield hit a high around 5.03%, reaching levels not seen since November 2023. The yield last traded at 4.943%, up 5 basis points. The 10-year yield climbed 4 basis points to reach 4.479%. Meanwhile, the 2-year Treasury yield was unchanged.
One basis point is equivalent to 0.01%, and yields and prices move in opposite directions.
Scott Adams, the cartoonist famed for the Dilbert comic strip, revealed his prostate cancer diagnosis on Monday, coming as former President Joe Biden was also diagnosed with the cancer.
On his show Real Coffee With Scott Adams on Monday, Adams told viewers, “Some of you have already guessed, so this won’t surprise you at all, but I have the same cancer that Joe Biden has.”
“I also have prostate cancer that has also spread to my bones,” Adams said. “But I’ve had it longer than he’s had it, well, longer than he’s admitted having it. So my life expectancy is maybe the summer. I expect to be checking out from this domain sometime this summer.”
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