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Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) is pleased to provide a corporate update as gold prices have reached all-time highs in 2025 and the Company advances its portfolio of gold and lithium assets in North America.

‘Gold is reaffirming its place as the ultimate store of value,’ stated Steve Hanson, President and CEO of Surface Metals. ‘For Surface Metals, this environment represents a rare opportunity. The economics of every ounce we discover at our Cimarron Gold Project improve dramatically as gold continues to appreciate. With this historic strength in the gold market, we are advancing exploration at precisely the right time.’

Cimarron Gold Project – Nevada, USA

Located in Nye County, Nevada, the Cimarron Gold Project remains the Company’s primary near-term value driver. Surface Metals holds a 90% interest in 31 unpatented lode mining claims covering approximately 260 acres within the historic San Antonio / Tonopah mining district.

The Cimarron Project hosts multiple high-grade gold intercepts, supported by more than 190 historical drill holes. Mineralization remains open in many directions, indicating strong potential for expansion. Historic non-NI 43-101 estimates outlined roughly 50,000 ounces of contained gold, which the Company intends to update and potentially expand through further exploration.

‘Our technical team is reviewing drill targets and preparing a focused program designed to expand known mineralization and establish a compliant 43-101 resource,’ said Steve Hanson. ‘Cimarron sits in the historic Walker Lane trend, at the intersection of strong geology, extensive mineralization, in one of the pre-eminent mining districts globally.’ In April 2025, Surface Metals completed the acquisition of its 90% interest in the project.

Clayton Valley Lithium Brine Project – Building Scale in Nevada

Surface Metals’ Clayton Valley Lithium Brine Project, located adjacent to Albemarle’s Silver Peak Mine – the only producing lithium brine operation in the United States – continues to advance toward its next phase of development.

Surface Metals’ project currently hosts an inferred resource of approximately 302,900 tonnes of lithium carbonate equivalent (LCE) across a 2,230-acre land package.

‘The global transition to electric mobility and energy storage continues to drive long-term lithium demand,’ added Hanson. ‘Our Clayton Valley project benefits from its strategic location within a proven lithium district and close proximity to end users.’

Beyond Clayton Valley, Surface Metals maintains a diverse portfolio of lithium exploration projects across North America:

  • Fish Lake Valley, Nevada: A 1,694-acre claystone and sedimentary lithium project prospective for near-surface lithium-bearing horizons, directly next to Ioneer’s world class lithium boron mine expected to go into construction in 2026.

Surface Metals’ lithium strategy provides shareholders with exposure to multiple deposit types across tier-one jurisdictions. This diversity positions Surface Metals to capture value across the evolving battery metals supply chain.

Surface Metals’ focus remains disciplined with plans to advance Cimarron through resource definition drilling and expansion, advance and develop our lithium resource base, and position the Company for future development or partnership opportunities.

About Surface Metals Inc.

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA, and Manitoba, Canada. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. It’s Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle’s Silver Peak Mine. Surface Metals also holds additional lithium assets in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba.

For more information, please visit: www.surfacemetals.com.

On behalf of the Board of Directors

Steve Hanson
Chief Executive Officer, President, and Director
Telephone: (604) 564-9045
info@surfacemetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at Surface’s project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Surface’s project location adjacent to or nearby other mineral projects does not guarantee exploration success or that mineral resources or reserves will be defined on Surface’s properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by Surface. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Unless otherwise indicated, the market and industry data contained herein is based upon information from industry and other publications and the knowledge and experience of management. While we believe that this data is reliable, market and industry data is subject to variations and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. We have not independently verified any of the data from third-party sources referred to in this news release or ascertained the underlying assumptions relied upon by such sources. With regard to the Cimarron Project potential quantity and grade of mineralization described is conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in targets being delineated as a mineral resource. Surface Metals has not undertaken any independent verification of drill results from historical drilling not completed by Surface Metals. Surface Metals has not independently analyzed the results of the historical exploration work in order to verify the results and believes that the historical drill results may not all conform to the presently accepted industry standards and as such should not be relied upon by the reader. Surface Metals Inc. considers these historical drill results relevant as Surface Metals Inc. will use this data as a guide to plan future exploration programs. Surface Metals Inc. also considers the data to be reliable for these purposes, however, Surface Metal Inc.’s future exploration work will include verification of the data through drilling. All technical and scientific disclosure pertaining to our mineral property interests in this news release have been reviewed by a Qualified Person, meaning an individual who is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these; has experience relevant to the subject matter of the mineral project and the technical report; and is a member or licensee in good standing of a professional association.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272511

News Provided by Newsfile via QuoteMedia

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Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to provide links to yesterday’s Government of Ontario’s Ring of Fire news conference and news release. These developments signal progress with the access, infrastructure and First Nation partnerships in the Ring of Fire area, where Bold Ventures’ Koper Lake Project is situated.

Ring of Fire News Conference video

Government of Ontario Ring of Fire News Release

Bold’s Koper Lake Project in the Ring of Fire

The Black Horse is part of the Koper Lake Project where Canada Chrome Corporation (CACR.V) is the Operator of the chromite joint venture exploration effort.

Bold owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300m from their Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans of Ontario and North America. The Company is encouraged by these ongoing developments in this emerging critical mineral mining camp.

The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects: the Northern Road Link, the Marten Falls Community Access Road and the Webeque Supply Road. Information and progress regarding these projects may be accessed via the links provided on Bold’s critical and battery minerals page.

Burchell Gold and Copper Project

The recent mechanical stripping, mapping and channel sampling effort at the Burchell Gold and Copper Project is drawing to a close. The field crew expects to complete the program in the coming days.

There has been additional recent news from the Burchell Gold and Copper project area. Bold’s neighbour Gold X2 continues to consolidate ground proximal to the Burchell property. The details may be found at Gold X2 property purchase October 28, 2025.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand Our target commodities are comprised of: Gold (Au), Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ 
Bruce MacLachlan 
President and COO 

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

‘David B Graham’
David Graham
CEO

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272516

News Provided by Newsfile via QuoteMedia

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The US Federal Reserve held its seventh meeting of 2025 from Tuesday (October 28) to Wednesday (October 29) amid growing division between doves and hawks as job market growth slows and the threat of higher inflation.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 3.75 to 4 percent range. It marks the second time this year that the Fed has cut interest rates. Interest rates haven’t been below 4 percent since September 2022.

The Federal Reserve Board of Governors were reportedly split over those concerned with preventing a further slowdown in the US labor market and those fearing the fight against inflation is far from over. Lowering interest rates in turn lowers the cost of borrowing, which can provide businesses with more runway to grow their workforce. However, increasing the available money supply by easing access to borrowing can also increase inflation.

The September consumer price index (CPI) data showing inflation rose to 3.0 percent for the 12 months ending September after rising 2.9 percent over the 12 months ending August. Despite this higher inflationary environment, a weakening labor market has become the focus of the Fed’s dual mandate of stable prices and maximum employment.

The ongoing US government shutdown has delayed the release of key economic data, including the September US jobs report originally slated for publication on October 3.

Therefore, the most recent US jobs report comes from August. It indicates an increase of just 22,000 new workers, while the unemployment rate ticked up to 4.3 percent from 4.2 percent in July.

Until the government funding legislation is passed, all economic reports are on hold and the Federal Reserve is flying blind when it comes to planning the best course of action for the country’s economy.

Filling in the gaps, CNN reports that financial data firm FactSet has reported that the US added 50,000 jobs in September, while the unemployment rate held steady at 4.3 percent. While economists expect a pickup in jobs this time of year when the summer ends; however, compared to last year’s 240,000 jobs, this September’s gains are significantly weaker.

“Although official employment data for September are delayed, available evidence suggests that both layoffs and hiring remain low, and that both households’ perceptions of job availability and firms’ perceptions of hiring difficulty continue to decline in this less dynamic and somewhat softer labor market,” said Chair Jerome Powell. “The downside risks to employment appear to have risen in recent months.”

At the same time as its interest rate decision the Fed also announced a stop to its quantitative tightening activities as of December 1, 2025. For the past three years the independent government agency has been working to reduce its balance sheet from US$9 trillion in 2022 to US$6.6 trillion today. The move comes following recent stress signals in the short-term lending markets.

The next Fed interest rate decision will come on December 10, the last Fed meeting for 2025. In his speech to reporters, Powell strongly suggested another rate cut this year is not necessarily a given.

“In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in December,” he said. “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.”

Also by the end of the year, President Donald Trump intends to announce a replacement for Obama appointee Federal Reserve Chair Jerome Powell whose term expires in May 2026. Trump has been critical of the Fed and Powell in particular, saying they haven’t moved quickly enough to lower rates.

On Monday (October 27), US Treasury Secretary Scott Bessent announced a short list of candidates to replace Powell, including Fed Governors Christopher Waller and Michelle Bowman, National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, and BlackRock executive Rick Rieder.

The gold price rebounded nearly 2 percent to US$4,031.10 in the lead up to the rte decision, but quickly consolidated just below the US$4,000 mark to US$3,987.10 per ounce shortly after. Silver spiked as high as US$48.25 per ounce following the meeting, still trading near 14 year highs.

Lower interest rates leads to lower returns on fixed-income investments like bonds, which makes gold a more attractive investment.

Looking ahead, Mykuliak expects gold to trade within a range of US$3,900 and US$4,400

in the last quarter of the year. Further rate cuts or rising geopolitical tensions could push gold prices even further. “Into 2026, gold should maintain an upward trajectory, potentially gaining another 5 to 12 percent, as real rates decrease and central banks keep diversifying reserves,” she noted.

Equities were mixed on Wednesday, with the S&P 500 (INDEXSP:INX) down 0.56 percent to reach 6,871.47. Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) gained .21 percent to come in at 26,066, and the Dow Jones Industrial Average (INDEXDJX:DJI) down 0.72 percent, coming to 47,530.

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

This post appeared first on investingnews.com

As President Donald Trump floats the idea of meeting with North Korean leader Kim Jong Un, the question in Washington and Seoul is whether there could be any real substance left in a summit that once dominated global headlines.

For Trump, the answer may lie less in new breakthroughs and more in reviving an old diplomatic gamble: the belief that personal diplomacy can succeed where conventional statecraft has failed.

‘I got along great with Kim Jong Un. I liked him, he liked me,’ Trump told reporters on Monday — a reminder of his trademark tactic of flattering America’s adversaries, a style that infuriates critics. ‘I’d love to meet him.’

Trump’s approach to North Korea has always been defined by spectacle — the 2018 Singapore summit, the DMZ handshake and the failed Hanoi talks in 2019. While direct engagement briefly lowered tensions and paused North Korea’s nuclear tests, Pyongyang has since dramatically expanded its nuclear arsenal, tested more advanced solid-fuel missiles and aligned more closely with China and Russia.

It has also claimed to test new underwater nuclear-capable drones and satellite systems — and has declared that talks focused on nuclear disarmament are a nonstarter.

Trump has floated sanctions relief in exchange for denuclearization.

‘Well, we have sanctions,’ Trump said of possible discussion points. ‘That’s pretty big to start off with. I would say that’s about as big as you get.’

During a speech last month, Kim said he has a ‘good memory of Trump’ but would meet him only ‘if the U.S. drops its hollow obsession with denuclearization.’

Secretary of State Marco Rubio said U.S. policy toward North Korea remains focused on urging Pyongyang to give up its nuclear weapons.

‘Our North Korea policy remains the same. It’s the denuclearization of North Korea. It’s an objective that we have all been pursuing for decades,’ Rubio said.

Further compounding U.S. concerns is North Korea’s growing relationship with Russia. North Korea has provided Russia with troops for its war in Ukraine, and Western officials remain concerned about what Pyongyang is receiving in return from the nuclear-armed state. U.S. officials have warned that Russia may be sharing advanced satellite technology with North Korea.

The budding Moscow–Pyongyang relationship is a ‘national security challenge that needs to be addressed one way or the other,’ he added.

North Korea has so far not responded to Trump’s latest overture. On Friday, the president hinted at the difficulty of reaching Kim’s team.

‘I think they are sort of a nuclear power,’ he said. ‘They have a lot of nuclear weapons but not a lot of telephone service.’

Kim wants North Korea to be formally recognized as a nuclear power.

Absent a framework for a breakthrough in recent tensions, any summit risks a repeat of Hanoi: high drama, few deliverables.

Still, some see opportunity. Even a limited freeze on long-range missile tests or nuclear production could stabilize the peninsula — and Trump would remain the only Western leader who has Kim’s ear.

This post appeared first on FOX NEWS

President Donald Trump offered new details about his upcoming meeting with Chinese President Xi Jinping on Wednesday, saying he expected the meeting to last several hours.

Trump made the comments during a diplomatic dinner hosted by South Korean President Lee Jae‑myung on Wednesday. Trump was caught on a hot mic as he sat down for the meal, saying his meeting with Xi on Thursday morning would last ‘three to four hours.’

‘We’re going to have something that’s going to be very, very satisfactory to China and to us. I think we’re gonna have a — I think it’s going to be a very good meeting. I look forward to it tomorrow morning when we meet,’ Trump said.

During his formal remarks, Trump also said he was confident that South Korea’s conflict with North Korean dictator Kim Jong Un would ‘work out very well.’

‘You have a neighbor that hasn’t been as nice as they could be, and I think they will be. I know Kim Jong Un very well, and I think things will work out very well,’ he said.

Trump said earlier this week that he would be open to meeting with Kim during his time in South Korea. Trump is entering the final leg of his five-day Asia trip on Wednesday, having already visited Japan earlier this week.

‘I’d love to meet with him if he’d like to meet. I got along great with Kim Jong Un. I liked him, he liked me,’ Trump said during a gaggle on Air Force One on Monday.

Trump met with Kim multiple times during his first term, becoming the first U.S. president to set foot in North Korea. No meeting has been announced for this week, however.

Trump’s talks with his South Korean counterpart come as the two countries move closer to completing a new trade agreement.

Henry Haggard, former minister counselor for political affairs at the U.S. Embassy in Seoul, told Fox News Digital, ‘Trump’s main objective in meeting Lee Jae-myung is to secure a trade deal and, along with that, $350 billion in investments in the United States.’

‘He will also seek to push Lee to commit to a stronger stance against China, and to increase defense spending. Lee will seek to charm Trump, as the key to keeping the bilateral relationship on track is for Lee to have a stronger relationship with Trump.’

Lee is head of a left-leaning government that has so far shown reluctance to enhance South Korea’s partnership with the U.S. for fear of provoking Chinese backlash.

Fox News’ Efrat Lachter contributed to this report.

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President Donald Trump spoke to the press while en route to South Korea on Tuesday aboard Air Force One and made remarks about his authority to deploy U.S. military forces domestically — something that will likely draw legal and political concerns.

Trump was traveling to the Asia-Pacific Economic Cooperation (APEC), where he is scheduled to meet with Chinese President Xi Jinping.

During the media availability, Trump claimed he could deploy U.S. military forces into American cities if necessary, claiming that ‘the courts wouldn’t get involved.’

When speaking with reporters, he said he would consider using the military beyond the National Guard if the need arises.

‘I would do that if it was necessary,’ he said. ‘It hasn’t been necessary. We’re doing a great job without that.’

Trump also argued that, as president, he has the power to take such an action.

‘If I want to enact a certain act, I’m allowed to do it routinely,’ he said. ‘I’d be allowed to do whatever I want… You understand that the courts wouldn’t get involved. Nobody would get involved.’

He added, ‘I could send the Army, Navy, Air Force, Marines. I can send anybody I wanted, but I haven’t done that because we’re doing so well.’

Trump made it a point to use San Francisco as an example, describing how federal officials were ‘all set to go last Saturday’ to intervene in the city but held off after local leaders asked for a chance to handle it themselves.

‘We would have solved that problem in less than a month,’ he said, adding that federal intervention ‘would go a lot quicker and it’s much more effective.’

He also emphasized what he described as progress in other parts of the U.S.

‘Memphis is making tremendous progress,’ Trump said. ‘It’s down, I think, almost 70%, 60–70%. And within two or three weeks it would be down to almost no crime.’

The president is scheduled to meet with Xi on Wednesday to discuss fentanyl trafficking, trade policy and border security.

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Senate Republicans offered a rare rebuke against President Donald Trump and his trade strategy on Tuesday, despite still remaining largely in lockstep amid the ongoing government shutdown.

A handful of Senate Republicans joined Senate Democrats to end Trump’s use of emergency powers to implement steep, 50% tariffs on Brazil. While the resolution, led by Sen. Tim Kaine, D-Va., advanced from the upper chamber, it can’t be taken up in the House until early next year.

That’s because House Republicans recently passed a rule that would not allow the chamber to consider legislation dealing with Trump’s tariffs until January of next year.

Five Senate Republicans, Sens. Susan Collins of Maine, Lisa Murkowski of Alaska, Mitch McConnell and Rand Paul of Kentucky, and Thom Tillis of North Carolina, joined all Senate Democrats to advance the resolution with a 52-48 vote.

Their defection from their GOP colleagues comes after Vice President JD Vance warned lawmakers not to vote against Trump’s usage of tariffs during Senate Republicans’ closed-door lunch earlier on Tuesday.

Vance argued after the lunch that tariffs give Trump leverage to craft new trade deals that benefit the country and urged Republicans not to break ranks against the president.

‘To vote against that is to strip that incredible leverage from the president of the United States. I think it’s a huge mistake and I know most of the people in there agree with me,’ he said.

Trump initially used emergency powers to enact stiffer tariffs on Brazil in July and argued ‘that the scope and gravity of the recent policies, practices, and actions of the Government of Brazil constitute an unusual and extraordinary threat’ to the U.S.

It’s not the first time the Senate has disapproved of Trump’s tariffs. Earlier this year, Republicans joined Democrats to rebuke Trump’s emergency declaration for 25% tariffs against Canada, and they tried and failed to reject his use of global tariffs. 

Kaine also has plans to bring two more resolutions, one to block tariffs on Canadian goods and the other on Trump’s global tariffs, later this week.

‘It makes no sense to impose tariffs on Brazil, and it’s just being done to back up the president’s friend,’ Kaine told reporters ahead of the vote.

Kaine was referring to former Brazilian President Jair Bolsonaro, who at the time of Trump’s declaration, was being prosecuted for an attempted coup after an election loss in 2022. He was sentenced to 27 years in prison in September.

Paul argued that ’emergencies are like war, famine, tornado, not liking someone’s tariffs is not an emergency.’

‘Tariffs are an import tax, they are a tax, not a tax on China,’ Paul said. ‘It’s a tax on the people who buy stuff from China, which are mostly Americans. Taxes are supposed to originate in the House, so I will continue to vote to end the emergency.’

When asked why more Senate Republicans hadn’t joined him on his tariff position, Paul said, ‘Fear.’

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House Speaker Mike Johnson, R-La., questioned the validity of pardons granted by former President Joe Biden after the release of a high-profile report by the House Oversight Committee.

‘It sounds like a terrible novel or something, but this is reality,’ Johnson said in response to the House GOP’s allegations that Biden’s inner circle conspired to hide signs of mental decline in the former president.

‘And so the pardons, for example, he pardoned categories of violent criminals and turned them loose on the streets, and he didn’t even know who. He didn’t even know what the categories were, apparently, much less the individual people, that he pardoned.’

Johnson said the pardons were ‘invalid on their face.’

‘I mean, I used to be a constitutional litigator. I would love to take this case,’ he said.

The committee’s GOP majority released a 100-page report on Tuesday morning detailing findings from its months-long probe into Biden’s White House, specifically whether his inner circle covered up signs of mental decline in the ex-president, and if that alleged cover-up extended to executive actions signed via autopen without Biden’s full awareness.

House Oversight Committee Chairman James Comer, R-Ky., heaped doubt on whether Biden actually signed off on all of his executive actions when the autopen was used — in particular, the thousands of clemency orders he authorized during his term.

Comer said Biden’s autopen-authorized actions should be considered ‘void’ and called on the Department of Justice (DOJ) to review the matter.

Asked at his press conference about whether there was a legal avenue to nullify Biden’s executive actions signed by autopen, Johnson signaled that he saw such an opportunity as it related to Biden’s pardons specifically.

‘You can’t allow a president to check out and have unelected, unaccountable, faceless people making massive decisions for the country,’ Johnson said.

A Biden spokesperson pushed back on the committee’s conclusions in a statement to Fox News Digital made Tuesday morning, however.

‘This investigation into baseless claims has confirmed what has been clear from the start: President Biden made the decisions of his presidency. There was no conspiracy, no cover-up, and no wrongdoing. Congressional Republicans should stop focusing on political retribution and instead work to end the government shutdown,’ the spokesperson said.

In an interview with The New York Times in July, Biden affirmed he ‘made every decision’ on his own.

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The House Freedom Caucus is holding an event this week aimed at praying for an end to political violence as well as those affected by the ongoing government shutdown.

The conservative caucus’ prayer call will be co-led by the Family Research Council, a Christian public policy group.

Attendees are expected to include House Republicans in the Freedom Caucus, former Trump Cabinet official Ben Carson and Frank Turek of Turning Point USA, whose founder Charlie Kirk was assassinated in an act of political violence earlier this year.

In addition to prayers for an end to political violence and the government shutdown, attendees are also expected to pray for President Donald Trump, Congress and peace for Israel.

The event is slated for Thursday, which will mark Day 30 of the ongoing government shutdown.

There appears to be no clear end in sight to the fiscal standoff, with both Republicans and Democrats still firmly entrenched in their positions.

Republicans are pushing for a short-term extension of fiscal year (FY) 2025 federal spending levels called a continuing resolution (CR), aimed at giving congressional negotiators more time to strike a more enduring deal for FY2026 — which began on Oct. 1.

The GOP bill also included some $88 million in increased security spending for Congress, the White House and the Supreme Court, given the heightened political threat environment.

That measure passed the House on Sept. 19 with support from just one Democrat and all but two Republicans.

It’s stalled in the Senate, however, where at least five more Democrats are needed to overcome a filibuster. Democratic leaders are demanding any funding bill be paired with an extension of COVID-19-era Obamacare subsidies that are set to expire at the end of this year.

Senate Democrats tanked the GOP’s bill 13 times since Sept. 19.

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Senate Republicans are mulling a handful of bills to meet funding shortfalls as the shutdown drags on, but one that would prevent funding for federal benefits from lapsing may not get a shot on the floor.

Sen. Josh Hawley, R-Mo., is pushing a bill that would extend funding for food stamps, known as the Supplemental Nutrition Assistance Program (SNAP), until the government reopens and regular government funding continues.

His legislation comes after the Trump administration announced over the weekend the funding for the program would run dry on Saturday, and that they would reshuffle funding from an emergency contingency fund to keep the program afloat.

It’s one of a handful of bills pushed by Republicans to try and ease the pain of the ongoing shutdown. Others include efforts to pay certain federal workers, the military, and air traffic controllers, who missed their first full paycheck on Tuesday.

Hawley stressed that he would like a vote on the bill, but that it is so far being blocked from reaching the floor. He believed the legislation, which has 10 Republican co-sponsors and one Democratic co-sponsor, would pass if it hit the floor.

‘My strong encouragement is we don’t need to allow 42 million people to go hungry,’ he said.

But Senate Republican leadership and the White House want to exert pressure on Senate Democrats to reopen the government, and using the piecemeal ‘rifle shot’ strategy could get in the way of that.

Senate Majority Leader John Thune, R-S.D., took a firm position against the rifle-shot approach after a closed-door lunch with the Senate GOP and Vice President JD Vance.

‘This piecemeal approach, where you do one-off here, one-off there, to make it seem, you know, more politically palatable to somebody or less painful. That’s just a wrong way to do this,’ Thune said. ‘There’s just a simple way to do it is to pick up the bill on the desk of the Senate and give us five more Democrat votes to pass it.’

Vance said that ‘we’re trying to keep as much open as possible’ and exploring all options with limited funds for SNAP and other issues, and he noted that the White House had found a way to pay the troops.

‘You know what would make this really easy? If the Democrats just opened up the government. Then we wouldn’t have to play this game where we’re trying to find, trying to fit a square peg in a round hole with this budget,’ Vance said.

Other Republicans echoed leadership and the White House’s sentiment.

Sen. Ron Johnson, R-Wis., similarly has a one-off funding bill that would pay working federal employees and the military, which he’s trying to reconfigure into a compromise proposal with Sen. Chris Van Hollen, D-Md.

However, he didn’t appear keen on supporting Hawley’s bill.

‘The way you provide SNAP benefits is you vote for the House CR. It’s that simple,’ he told Fox News Digital.

But co-sponsors of the bill were still hopeful that it could get a shot before the Saturday funding cliff.

Sen. Peter Welch, D-Vt., is the lone Democratic co-sponsor on the bill. He noted that while Senate Democrats’ primary focus during the shutdown was on extending the expiring Obamacare premium subsidies, it was ‘not to take food from people who need it.’

‘I’m really concerned about people not getting fed,’ he said.

Sen. Bernie Moreno, R-Ohio, is another co-sponsor on the bill and told Fox News Digital that it depended on ‘how much longer this [shutdown] goes’ on whether the SNAP legislation hits the floor.

‘I hope so, because we can’t let people who need food to starve to death because of Democrats’ vanity and lack of humanity,’ he said.

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