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    Senate Advances Crypto Regulation Bill With Bipartisan Support

    Democrats who had sided with the rest of their party last week to block the measure over concerns that President Trump could benefit dropped their objections. They argued that regulating the industry was urgent.The Senate on Monday revived a first-of-its-kind bill to regulate parts of the cryptocurrency industry, after a small number of Democrats who had joined the rest of their party in blocking the measure joined Republicans in allowing it to advance.The vote was 66 to 32 to move forward with the legislation, which would create a regulatory framework for stablecoins, a type of cryptocurrency tied to the value of an existing asset, often the U.S. dollar. Sixteen Democrats joined the majority of Republicans in support, acting over the opposition of most others in their party, who were concerned that President Trump and his family were inappropriately profiting from crypto.The vote was a victory for the cryptocurrency industry, which has made significant advances in Washington with the backing of Mr. Trump and a bipartisan group of lawmakers. It suggested that the measure would have enough support to pass the Senate and potentially make it to Mr. Trump’s desk in short order. A parallel effort in the House has faced similar backlash from Democrats, who earlier this month blocked a hearing on the legislation but are unlikely to have the votes to prevent it from passing.In the Senate, a bloc of Democratic supporters had pressed in recent days to include stronger consumer protections and transparency requirements in the legislation, as well as provisions aimed at combating money laundering and terrorism financing.But the most animating worry for Democrats was that the legislation could enable the president and his family to profit by issuing their own stablecoins. Concerns over the Trump family’s involvement in the industry intensified after reporting by The New York Times showed how a firm associated with the president had recently become one of the most influential players in the industry.In a prolonged round of bipartisan negotiations over the bill, Republicans steadfastly refused to consider adding any provision to rein in Mr. Trump’s involvement in the industry, or make any modification that could interfere with his or his family’s ability to benefit.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Christopher Bond, Former Missouri Governor and U.S. Senator, Dies at 86

    A Republican known as Kit, he was the state’s youngest governor. When he retired from Congress after four terms, he said he didn’t want to be the state’s oldest senator.Christopher S. Bond, who was Missouri’s youngest governor and the state’s first Republican governor since 1945 when he was elected in 1972, and who went on to serve four terms in the U.S. Senate, died on Tuesday in St. Louis. He was 86.His death was announced by Gov. Mike Kehoe, a fellow Republican. The announcement did not say where in St. Louis he died.Mr. Bond, known as Kit, was 31 in 1970 when he was elected state auditor, defeating a 17-year incumbent. He served from 1971 to 1973, when he became governor, having been elected in November 1972 at age 33. He was the first Republican to hold that position since Forrest C. Donnell left office in 1945.Mr. Bond was defeated for re-election, but he staged a comeback in 1980 by ousting Joseph P. Teasdale, the Democrat who had replaced him. He succeeded Thomas F. Eagleton, a Democrat, in the Senate in 1987 after Mr. Eagleton retired.His election to a fourth term in 2004 was the seventh time that Mr. Bond won statewide office — more than any other candidate in Missouri’s history.In 2009, he announced that he would not seek a fifth term in 2010.Mr. Bond during his second term as governor of Missouri. He served from 1973 to 1977 and again from 1981 to 1985.UPI/Bettmann Archive, via Getty ImagesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Senate Rejects Bipartisan Measure to Undo Trump’s Tariffs

    Only three Republicans joined Democrats in voting to end the national emergency President Trump declared to impose tariffs on most U.S. trading partners, leaving the measure short of the support needed to pass.The Senate on Wednesday rejected an effort to undo President Trump’s sweeping tariffs on most U.S. trading partners, even as a small group of Republicans joined Democrats in delivering a rebuke to a trade policy that many lawmakers fear is causing economic harm.The vote deadlocked at 49 to 49, meaning it failed despite three Republicans joining Democrats in favor of a measure that sought to terminate the national emergency declaration Mr. Trump used this month to impose 10 percent reciprocal tariffs.Senator Rand Paul, Republican of Kentucky and a cosponsor of the resolution, crossed party lines to support it, as well as Senators Susan Collins of Maine and Lisa Murkowski of Alaska. But the defections were not enough to make up for the absences of two supporters: Senators Sheldon Whitehouse, Democrat of Rhode Island, and Mitch McConnell, Republican of Kentucky, who backed a similar measure this month.“It’s still a debate worth having,” Mr. Paul said of the failed resolution. He noted that many of his Republican colleagues are privately expressing consternation over Mr. Trump’s trade war but have carefully calibrated their public responses to defer to the president.A subsequent procedural vote on the measure prompted Vice President JD Vance to go to Capitol Hill on Wednesday evening to cast the deciding vote to table it, formally ending the effort to challenge Mr. Trump’s use of the emergency power for wide-ranging tariffs.Even if the resolution had passed the Senate, it had no path to enactment. The White House has threatened a veto, and House Republican leaders moved pre-emptively to prevent any such measure from being forced to the floor until the fall at the earliest. The maneuver was aimed at shielding their members from politically tricky votes on the matter.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    5 Democrats Visit Mahmoud Khalil and Rumeysa Ozturk in Louisiana

    Five congressional Democrats on Tuesday traveled to Louisiana, where they met with two graduate students who have been detained by federal immigration officials and have become high-profile examples of the Trump administration’s efforts to suppress pro-Palestinian activism on college campuses.The lawmakers’ trip was an effort to bring further attention to the cases of Rumeysa Ozturk, a doctoral student at Tufts University in Massachusetts, and Mahmoud Khalil, a graduate student at Columbia University in New York, who were detained under a rarely used legal provision that allows the secretary of state to deport noncitizens deemed a threat to American foreign policy. The students’ lawyers have argued that their detentions violate their rights to free speech.The visit to Louisiana was the latest attempt by Democrats to use the congressional recess to draw attention to what they see as violations of due process during President Trump’s second term. Over the last week, Democrats have made two visits to El Salvador to highlight the case of Kilmar Armando Abrego Garcia, a Salvadoran man whom Trump administration officials have admitted to erroneously deporting.In Louisiana, Senator Edward Markey of Massachusetts and Representatives Jim McGovern and Ayanna Pressley of Massachusetts, Troy Carter of Louisiana and Bennie Thompson of Mississippi met with Mr. Khalil and Ms. Ozturk and toured the facilities where they were detained. Both had been transferred hundreds of miles away from their homes and from where they were originally detained.In a news conference outside the Immigration and Customs Enforcement detention center in Basile, La., where Ms. Ozturk is being held, the lawmakers argued that the government had violated the students’ constitutional rights and that both had been targeted for their political views.“Neither of them committed any crimes,” Mr. McGovern said. “They’ve been charged with nothing.”Mr. Markey criticized immigration officials for sending the two students to facilities in Louisiana, arguing the government did so to secure a more favorable hearing for their deportation proceedings. Louisiana has one of the most conservative appeals courts in the United States.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump Names Interim U.S. Attorney for Manhattan, Bypassing Schumer

    Senator Chuck Schumer had said he would block the permanent appointment of Jay Clayton, the president’s choice to head one of the nation’s most prestigious prosecutor’s offices.President Trump has appointed Jay Clayton, who served as the top Wall Street enforcer during Mr. Trump’s first term, to be the interim U.S. attorney for the Southern District of New York, the president said in a social media post on Wednesday.The action came after Senator Chuck Schumer, the New York Democrat and minority leader, said he would block Mr. Trump’s nomination of Mr. Clayton, 58, for the U.S. attorney post, using a prerogative given to home-state senators. Mr. Schumer made his move after weeks in which some liberal Democrats had made scathing attacks on him for doing too little to resist Mr. Trump.Mr. Trump said in his Truth Social post that he would continue to pursue Mr. Clayton’s Senate confirmation. Mr. Clayton, a lawyer at the firm Sullivan & Cromwell who has never been a prosecutor, served as chairman of the Securities and Exchange Commission from 2017 to 2020.“During my first term, Jay served with great distinction as the chair of the Securities and Exchange Commission, and earned the respect of everyone,” Mr. Trump said in the post.The Southern District, which is based in Manhattan, has long been considered one of the most prestigious federal prosecutor’s offices in the country. It is known for handling high-profile cases involving public corruption, national security, international terrorism, fraud on Wall Street and other white-collar crime and sex trafficking.The district, which includes Manhattan, the Bronx and several upstate counties, has long been referred to jokingly as the Sovereign District, a nod to its prized past independence. Its alumni have included former U.S. attorneys general, F.B.I. directors and countless judges.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    House Passes G.O.P. Budget After Conservative Revolt Collapses

    The House on Thursday narrowly adopted a Republican budget blueprint for slashing taxes and government spending, after hard-line conservatives concerned that it would balloon the nation’s debt ended a revolt that had threatened to derail President Trump’s domestic agenda.Approval of the plan, which was in doubt until nearly the very end, was a victory for Republican leaders and Mr. Trump. It allowed them to move forward with crafting major legislation to enact a huge tax cut, financed with deep reductions in spending on federal programs, and pushing it through Congress over Democratic opposition.“It is time for us to act so that we can get on with the real work,” Representative Kevin Hern, Republican of Oklahoma, said during debate on the floor. “In passing this budget framework, we are unlocking the process to deliver on unleashing American energy production, permanently securing our southern and northern borders, and making tax cuts permanent for small businesses and working families.”But approval came only after a mutiny on the House floor on Tuesday night that underscored the deep divisions Republicans still have to bridge in order to push through what Mr. Trump has called his “big, beautiful bill.” It forced Speaker Mike Johnson to delay a planned vote on the measure after he spent more than an hour Wednesday night huddled with the holdouts, trying without success to persuade them to support it.The vote on Thursday was 216 to 214, with two Republicans opposing the measure. All Democrats present voted against the plan, which they said would pave the way for cuts to Medicaid and other vital safety net programs that would harm Americans, all to pay for large tax cuts for the wealthiest.“You target earned benefits and things that are important to the American people, like Medicaid,” Representative Hakeem Jeffries of New York, the Democratic leader, said, addressing Republicans. “And what are you doing it for? What is it in service of? All to pass massive tax breaks for your billionaire donors like Elon Musk.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump’s Tariff Reversal Calms Some G.O.P. Nerves, but Questions Linger

    President Trump’s whipsawing tariff policy has prompted bipartisan alarm on Capitol Hill, where Democrats are outraged and Republicans are caught between their deep opposition to tariffs and fear of criticizing Mr. Trump.The president’s abrupt announcement on Wednesday that he would halt most of his reciprocal tariffs for 90 days just a week after announcing them allayed the immediate concerns of some G.O.P. lawmakers, many of whom rushed to praise Mr. Trump for what they characterized as deal-making mastery.But behind those statements was a deep well of nervousness among Republican lawmakers who are hearing angst from their constituents and donors about the impact of Mr. Trump’s trade moves on the financial markets and the economy. Some of them have begun signing onto measures that would end the tariffs altogether or claw back Congress’s power to block the president from imposing such levies in the future.“I’m just trying to figure out whose throat I get to choke if it’s wrong, and who I put up on a platform and thank them for the novel approach that was successful if they’re right,” Senator Thom Tillis, Republican of North Carolina, said of the sweeping tariffs on Tuesday during a hearing with Jamieson Greer, the Trump administration’s top trade official.On Wednesday, after Mr. Trump pulled back most of the tariffs but retained a 10 percent tariff rate for most countries and announced additional penalties on China, Mr. Tillis still sounded anxious. He said the move was likely to “reduce some of the escalation,” but added that there was still considerable work to be done to prevent another market meltdown.“We’ve got to get a deal before we get rid of uncertainty,” he told reporters soon after Mr. Trump announced the change in a social media post.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Ken Paxton Says He Will Challenge Senator John Cornyn in 2026

    Ken Paxton, the attorney general of Texas, officially announced on Tuesday that he was challenging Senator John Cornyn in the Republican primary next year, setting up what is likely to be the most contentious and expensive intraparty contest of 2026.Mr. Paxton, a firebrand conservative litigant who has sought to strongly align himself with President Trump, had been teasing a run against Mr. Cornyn for weeks. He all but announced his intentions in an interview with The New York Times last week.On Tuesday, Mr. Paxton unveiled a website for his nascent campaign, prominently featuring a photo of him posing with Mr. Trump, and he officially announced his run in an interview on Fox News.“It’s definitely time for a change in Texas,” Mr. Paxton said in the interview with Laura Ingraham. In a post on social media, he promised to “fight for President Trump’s agenda and take a sledgehammer to the D.C. establishment.”Mr. Paxton has tried to position himself as the preferred candidate of the Republican primary base in Texas, a conservative electorate that has appeared receptive to his campaign in recent polling.Mr. Cornyn, realizing the looming challenge, announced his own campaign last month in a video that heavily featured his own connections to Mr. Trump. In recent days he rolled out an endorsement from the union for U.S. Border Patrol agents, an important show of support for conservative voters who list border security among their top issues.In response to Mr. Paxton’s announcement, the Cornyn campaign pointed to the senator’s voting record, which it said aligned with President Trump more than nearly every other senator. The campaign referred to Mr. Paxton as “a fraud.”“This will be a spirited campaign and we assure Texans they will have a real choice when this race is over,” the campaign said in a statement on Tuesday.Republican voters in Texas are well familiar with both Mr. Cornyn, who has been in state politics for four decades, and Mr. Paxton, a former state representative and state senator now in his third term as attorney general.Mr. Paxton survived an impeachment trial in 2023, initiated by Texas House Republicans, over allegations of corruption and abuse of office that were lodged against him by some of his former top aides.Those aides also filed a whistle-blower suit against him over their firings. Late last week a judge sided with them, saying that Mr. Paxton had admitted to the allegations and that the state should pay $6.6 million to settle the claims. Mr. Paxton has vowed to appeal. More