Jeff Stein

@jeffstein.bsky.social

Reporter @ TBD Formerly at The Washington Post, Ithaca Voice. Listen to my series on John Brown: https://podcasts.apple.com/us/podcast/american-carnage/id1723391781

“For the first time in history, a president is leaning on a bank regulator to give his private enterprise the implicit backing of the federal government,” said Corey Frayer, the director of investor protection for Consumer Federation of America www.notus.org/economy/trum...

Trump’s Family Crypto Firm Is Expected to Get Federal Banking Privileges

Trump-appointed bank regulators’ crypto-friendly approach is likely to extend to World Liberty Financial, despite ethics concerns.

notus.org

New: Trump’s family crypto business expected to soon be allowed to operate like a bank Decision will be made by Trump-appointed regulation Charter approval would allow US companies to complete transactions - like Venmo - on Trump platform, with cut for the firm www.notus.org/economy/trum...

Trump’s Family Crypto Firm Is Expected to Get Federal Banking Privileges

Trump-appointed bank regulators’ crypto-friendly approach is likely to extend to World Liberty Financial, despite ethics concerns.

notus.org

Truly an enormous amount of confusion about Bernie Sanders' AI plan on here. The idea is not for the government to *buy* shares in the AI firms, but to *take* them. There are interesting criticisms but the one that taxpayers will be left holding the bag is one I do not understand - there is no cost

EXCLUSIVE | Senior US officials have privately discussed taking equity shares in some of the largest AI companies The idea was pitched to Trump directly by OpenAI CEO Sam Altman & has surfaced more recently as well My first big story after leaving da Washington Post: www.notus.org/technology/t...

Senior U.S. Officials Eye Government Shares in AI Giants

An agreement to give the U.S. government equity stakes in AI companies could have seismic consequences.

notus.org

SCOOP: The Pentagon asked the White House today for more than *$200 billion* for Iran war supplemental, sources say Some in WH think Congress won't support b/c it's so big Will tee up giant battle in Congress My last story for WaPo: www.washingtonpost.com/national-sec...

Pentagon seeks more than $200 billion in budget request for Iran war

That figure would far surpass the costs of the U.S. airstrike campaign to date and aims to boost production of critical weapons depleted in the conflict, people familiar with the matter said.

washingtonpost.com

Some personal news: This is my last week at The Washington Post. I’ve loved so much of the last 9 years here, but my faith in the paper’s current leadership is broken beyond repair. Incredibly excited to get to work w/ the newsroom below (I start in June) Get in touch on Signal : 9178872891

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max tani @maxtani.bsky.social · 5mo ago

As we first reported in last night's @semafor.com media newsletter, NOTUS is rebranding/dramatically expanding. In a memo to staff this morning, the organization said it plans to "launch this new version of NOTUS under a new name" and double staff from 50 to 100.

New: Bernie Sanders to unveil $4.4 trillion tax on America's ~1,000 billionaires, saying it would pay for: — Medicare to cover dental/vision/hearing — Teacher pay at $60K/yr min. — $3K/person checks (under $150K/yr) — Universal childcare — Housing expansion www.washingtonpost.com/business/202...

Sanders pitches $4.4 trillion tax on billionaires, in 2028 marker

The measure comes as Democrats began to jostle ahead of the upcoming presidential primary.

washingtonpost.com

NEW: We obtained 911 audio from the Texas detention center housing hundreds of immigrant kids and their parents. Since mid-September, EMS crews have been dispatched to Dilley at least 11 times to treat children in medical distress. Burning fevers. Low oxygen. Seizures. A broken leg. My report:

911 calls capture kids burning with fever, struggling to breathe at ICE detention center

EMS crews were called to the Dilley Immigration Processing Center in Texas at least 11 times since September for children in medical distress, records show.

nbcnews.com

NEW: A federal judge said in an opinion issued today that the Trump administration violated the tax law “approximately 42,695 times” in turning over immigrant data to ICE

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SCOOP: Trump aides are struggling to spend an extra $500 billion on the military, delaying budget Trump agreed to Hegseth’s bid for *~50%~* military spending boost Vought & others objected internally It’s so much $ they can’t figure out how to spend it www.washingtonpost.com/business/202...

Trump aides struggle with how to spend $500 billion more on military

Some senior officials resisted the decision to approve the major military spending increase, people familiar with the matter said.

washingtonpost.com

“No question — this is definitely the biggest cut. It’s the biggest rollback in federal support for health care ever” the incomparable @larrylevitt.bsky.social “You can very safely say this is the biggest cut to programs for low-income Americans ever” me @jeffstein.bsky.social on what's at stake

Senate GOP tax bill includes largest cut to U.S. safety net in decades

The Senate Republican tax bill speeding to passage includes the biggest reduction of funding for the federal safety net since at least the 1990s.

washingtonpost.com

NEW: The US is effectively giving up on taxing large inheritances GOP bill would permanently raise to $15 million - $30M for couples - amount that can be passed on tax free Estate tax already reaches 1/4 of the households it did in 1934, when US was much smaller www.tiktok.com/t/ZP8rf51c9/

NEW: The US is giving up on taxing large inheritances. The GOP tax bill permanently raises the threshold so up to $15 million — $30M for couples — can get passed on tax free. #taxes #trump #us #gove...

TikTok video by Jeff Stein

tiktok.com

Scoop: We've obtained internal cables showing how the U.S. government is pushing countries facing tariffs to clear way for Musk's Starlink State Dept says it's good to encourage Starlink adoption Others point to blurring of Musk's private/government roles ... www.washingtonpost.com/business/202...

U.S. pushes nations facing tariffs to approve Musk’s Starlink, cables show

Some countries have turned to the satellite internet firm in preparation for trade talks, State Department staffers wrote. The U.S. has a strategic interest in countering Chinese internet providers, b...

washingtonpost.com

Scoop: Senior aides across Trump admin holding high-level meetings over China curbs on rare earths critical to huge range of U.S. economic activity Deep concern about impact; no easy answers Companies relying on reserves that wont last forever May help explain Trump blink