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President Donald Trump pushed back on a rumor that he was looking to replace Homeland Security Secretary Kristi Noem and told reporters that he believes she has been ‘fantastic.’

‘I read a story recently that I’m unhappy with Kristi — I’m so happy with her… We have a border that’s the best border in the history of our country. Why would I be unhappy? She’s fantastic, actually,’ Trump told reporters during a roundtable with business leaders on Wednesday.

The president’s remarks follow a recent report from MS Now stating that a White House official said that Noem was on ‘very thin ice.’ The report claimed that Trump was looking to replace Noem as early as January, and that White House Deputy Chief of Staff for Policy Stephen Miller was leading the push to replace her.

According to the report, Miller and other White House officials were frustrated with Noem because they were displeased with the pace at which she was working to build new detention centers. Additionally, the report claimed that several governors had called Trump to voice complaints about Noem’s handling of FEMA and disaster relief funds.

On Monday, the White House firmly denied the report and accused MS Now of running a false narrative.

‘Everything about this is total Fake News. Secretary Noem is doing a great job implementing the President’s agenda and making America safe again. MS Now continues to beclown themselves by inventing narratives that simply are not true,’ White House spokeswoman Abigail Jackson said in a statement.

DHS Assistant Secretary Tricia McLaughlin also weighed in on the report in an exclusive statement to Fox News Digital, saying, ‘I can’t speak for the president, but I’ve seen more credible reporting on Big Foot.’

During the roundtable on Wednesday, Trump also shut down rumors that he was dissatisfied with War Secretary Pete Hegseth over the controversial U.S. military strikes on alleged drug smuggling boats. Trump said his feelings about Hegseth’s work were ‘very much the opposite’ of what was being reported and he called the war secretary ‘phenomenal.’

Trump joked that he would ‘have to think about’ Secretary of Commerce Howard Lutnick, who was sitting at the table, before going on to praise him. The president similarly praised Treasury Secretary Scott Bessent and Education Secretary Linda McMahon.

Fox News Digital’s Anders Hagstrom, Preston Mizell and Bonny Chu contributed to this report.

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Venezuelan opposition leader María Corina Machado appeared in public Thursday for the first time in 11 months in Norway as her daughter accepted the Nobel Peace Prize award on her behalf.

Machado had been in hiding since Jan. 9, when she was briefly detained after joining supporters in Venezuela’s capital, Caracas. Her recognition came after mounting a peaceful challenge to Venezuelan President Nicolás Maduro’s government.

The crowd chanted, ‘Freedom!’ as Machado stepped onto the hotel balcony in Oslo, Norway, and waved to her supporters before joining them in singing Venezuela’s national anthem.

In an audio recording of a phone call published on the Nobel website, Machado said she wouldn’t be able to arrive to Oslo in time for the award ceremony, but that many people had ‘risked their lives’ to get her there.

‘I am very grateful to them, and this is a measure of what this recognition means to the Venezuelan people,’ she said.

Her daughter, Ana Corina Sosa, accepted the Nobel Prize in her place, saying that her mother ‘wants to live in a free Venezuela’ and ‘will never give up on that purpose.’ 

‘That is why we all know, and I know, that she will be back in Venezuela very soon,’ Sosa added.

Outside the hotel, Machado interacted and hugged people in the crowd, as they snapped pictures and sprinkled her with chants of ‘President! President!’

‘I want you all back in Venezuela,’ Machado said.

Machado’s appearance came after President Donald Trump on Wednesday announced the U.S. seized a Venezuelan oil tanker, a move that could further strain relations with Maduro’s government, which already is subject to extensive U.S. sanctions targeting the country’s oil sector.

Since September, U.S. military strikes have targeted alleged narcotraffickers near Venezuela at least 22 times, killing 87 people. Trump has also recently said Maduro’s ‘days are numbered’ and refused to rule out a ground operation in Venezuela. 

Steve Yates, senior research fellow for China and national security policy at The Heritage Foundation, said on ‘Fox News @ Night’ on Wednesday thatMachado’svisitoverseaswas an opportunity to get ‘greater international support’ for her cause, adding that Trump might benefit from having more of America’s allies in Europe support a ‘non-invasion’ approach.

The Venezuelan opposition leader has previously been outspoken in her support for the Trump administration’s actions against Maduro’s regime and the country’s narcotrafficking network.

After the award was announced in October, the newly minted Nobel Peace Prize winner dedicated the award to both Trump and the ‘suffering people of Venezuela.’

Machado said during a ‘Fox & Friends Weekend’ interview last month that Venezuela was standing at the ‘threshold of freedom,’ highlighting her new ‘freedom manifesto’ that envisions a future without the Maduro regime.

Fox News Digital’s Morgan Phillips and The Associated Press contributed to this report.

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There are two Obamacare proposals destined for failure on Thursday as the deadline to extend Biden-era subsidies inches closer, and both Senate Republicans and Democrats hope that a bipartisan path forward can be paved after the dust settles.

Senate Democrats are going full speed ahead with their three-year extension of the Obamacare enhanced premium subsidies, which Republicans are expected to block over a lack of reforms in a plan that they have nearly all charged as unserious.

And the GOP’s plan, which would abandon the subsidies altogether in favor of health savings accounts (HSAs), is expected to be blocked by Senate Democrats over the inclusion of anti-abortion restrictions and concerns that healthcare premium prices would still skyrocket.

But lawmakers on both sides of the aisle hope that once the plans go down in flames, they can begin the work of crafting a bipartisan solution.

‘I think the question would be, are there the Democrats who, outside of their leadership, are actually interested in the solution, and not just an issue? You know, who want to work with some Republicans,’ Senate Majority Leader John Thune, R-S.D., told Fox News Digital.

‘I can’t predict what’s going to happen, but there’s still a fairly high level of interest among members on our side, and I think some on the Dem side too,’ he continued. ‘But I think that, at least for now … I’m guessing they’ve been asked to stand down, you know, let them, let them get their messaging vote on it, and we’ll see what happens.’

Bipartisan negotiations have been ongoing in the background, but both sides have opted to go with partisan plans instead. Should both fail, it leaves them little time to address the issue before Congress leaves Washington, D.C., next week until the New Year. 

‘I would hope that we could still negotiate in the near term,’ Sen. Mike Rounds, R-S.D., said. 

Republicans argue that the subsidies are riddled with fraud and have drawn a red line on more stringent enforcement of the Hyde Amendment, which prevents taxpayer dollars from funding abortions.

Sen. Angus King, I-Maine, who has been working with Republicans on a plan, said that the Hyde Amendment argument was ‘not going to happen’ with his Democratic caucus colleagues.

‘Their insistence on that, and maybe that will go away, but their insistence on that basically means these premium increases are going to hammer the American people, and frankly, I don’t understand why — this should be a bipartisan,’ King said. ‘Let’s get together and figure this thing out.’

Sen. John Cornyn, R-Texas, told Fox News Digital he hoped that the failed votes ‘brings everybody to the negotiating table, and then we’ll get serious about a bipartisan solution.’

But Cornyn believed that it would likely be a problem that lawmakers would deal with in January, after the subsidies expire.

Meanwhile, Senate Republicans argue that Schumer and Senate Democrats are using their plan as a political cudgel, painting the GOP into a corner on a position that they won’t support, and then using it down the line in the 2026 midterms should the subsidies expire.

‘There’s a very simple solution for them. If they really believe that is the Democratic strategy, they can defeat it by simply voting for this measure,’ Sen. Richard Blumenthal, D-Conn., told Fox News Digital.

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Homeland Security Secretary Kristi Noem is facing her first major test before the House of Representatives on Thursday.

Noem is appearing before the House Homeland Security Committee for a hearing on worldwide threats, an event that is meant to be annual but has not happened in multiple recent years.

She’s set to testify alongside National Counterterrorism Center Director Joe Kent and Michael Glasheen, Operations Director of the FBI’s National Security Branch.

‘I’m sure she’ll talk about border, I’m sure she’ll talk about drugs, I’m sure she’ll talk about China, hopefully an update on what’s happening with cybersecurity. I mean it’s a very important hearing. I’m glad she’ll be there,’ House Homeland Security Committee Chairman Andrew Garbarino, R-N.Y., told Fox News Digital.

It’s Noem’s first major national security-focused hearing before the House of Representatives since taking charge of the Department of Homeland Security (DHS) earlier this year.

It comes as lawmakers on Capitol Hill warn about the potential for hostile countries like Venezuela, Iran and China exploiting U.S. vulnerabilities in national security. 

‘I’m always concerned about that. I’ve been concerned about that for years. I mean, thousands of known and suspected terrorists came across the southern border over the last four years. Luckily, it’s been closed up, but they’re still here,’ Garbarino said.

‘I’m gonna look forward to hearing from the FBI, you know, what’s being done, what they’re doing to track down the people that are already here.’

Meanwhile, on the Democratic side, lawmakers will likely grill Noem about the activities of Immigration and Customs Enforcement (ICE) agents carrying out President Donald Trump’s crackdown on illegal immigration.

‘We don’t get much information, in the interim, from the administration. You write letters, and what you get back is an acknowledgment of the letter, but very little facts,’ said Rep. Bennie Thompson, D-Miss., the top Democrat on the committee. ‘Obviously, the administration’s stand on immigration is not one that we agree with, especially how they’re doing it.’

He accused ICE agents of treating people with ‘total disrespect’ because they ‘look Hispanic.’

‘I think that she has to address it,’ Thompson said.

Noem’s appearance comes hours after Axios reported that she and border czar Tom Homan had a falling out behind the scenes, though the outlet also reported that neither are in danger of losing their positions any time soon.

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Senate Democrats have tried to tie the looming expiration date for Obamacare subsidies to the affordability issues slamming households, but Senate Republicans argue that their counterparts are manufacturing it to score political points next year.

The phrase ‘sticker shock’ became a common rallying cry from Senate Minority Leader Chuck Schumer, D-N.Y., during and after the government shutdown that he used to illustrate what Americans could experience if the Biden-era credits were to expire.

‘Our bill is the only bill that will prevent this crisis from happening,’ Schumer said. ‘It’s the last train out of this station. We urge our Republican colleagues, for the sake of the American people, to get on that train.’

But Senate Republicans contend that Democrats’ proposal to extend the subsidies for another three years is designed to fail and provide the party with a political weapon entering into the 2026 midterm election cycle.

‘I think the Democrats politically embrace this affordability issue, and then them asking for a three-year extension does nothing but throw gasoline on the fire of affordability of healthcare,’ Sen. Roger Marshall, R-Kan., told Fox News Digital.

Marshall is one of several Senate Republicans who have put together an alternative plan to Schumer’s strategy. His ‘Marshall Plan’ marries Democrats’ desire to extend the subsidies for a year with Republicans’ demands that the credits be done away with in favor of health savings accounts (HSAs).

Republicans are instead running with a plan from Sens. Bill Cassidy, R-La., and Mike Crapo, R-Idaho, the chairs of the Senate health and finance panels, that would abandon the enhanced subsidies in favor of HSAs. That proposal is also expected to fail, leaving the Senate with little time to move ahead with an alternative before the subsidies expire.

Still, there are ongoing talks between both sides of the aisle to find a compromise. Republicans contend that Schumer is acting as a roadblock to those talks, instead sidelining members reaching across the aisle in favor of a workable solution.

Sen. Mike Rounds, R-S.D., told Fox News Digital that Republicans were equally concerned about ‘sticker shock,’ and he argued that Cassidy and Crapo’s plan would go a long way to keeping prices low for Americans.

But he acknowledged the political reality that Democrats wanted to use healthcare as a cudgel in the coming months.

‘I think that’s the concern that a lot of us have on our side of the aisle, is that there’s a group of Democrats that don’t want to fix this problem, and they want to use it as a political product,’ he said. ‘I think there’s a group of us on our side of the aisle that really would like to fix it, along with some Dems. I just don’t know if there’s enough Dems to come along and to take what we think is a reasonable approach on this.’

Other Republicans told Fox News Digital that the subsidies, which were passed and then enhanced during the COVID-19 pandemic under former President Joe Biden, are just another addition to a 15-year-long affordability crunch brought on by the passage of Obamacare.

Senate Majority Whip John Barrasso, R-Wyo., told Fox News Digital that Obamacare has ‘always been pricey,’ and that Democrats were attempting to inject $83 billion in taxpayer money directly to insurance companies with their proposal.

‘Democrats have always tried to hide that fact by sending more and more money to insurance companies during COVID,’ he said. ‘They did it again with these Biden COVID bonus subsidies, and they set an expiration date, which is coming up at the end of this month. That’s what this is all about.’

Sen. Eric Schmitt, R-Mo., told Fox News Digital that healthcare ‘has been an ongoing train wreck since Obamacare,’ and that Democrats jammed the subsidies through Congress without Republican input and set up the fast-approaching cliff.

‘I mean, they’re just doubling down on the stupid,’ Schmitt said.

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The US Federal Reserve held its last meeting of 2025 from Tuesday (December 9) to Wednesday (December 10) amid growing division between doves and hawks as labor market and inflation concerns rise.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 3.5 to 3.75 percent range. It marks the third time this year that the Fed has cut interest rates.

Interest rates haven’t been at this level since mid-2022.

Preceding the October rate decision, the Fed Board of Governors was reportedly split between those concerned with preventing a further slowdown in the US labor market and those fearing the fight against inflation is far from over.

Lowering rates in turn lowers the cost of borrowing, which can provide businesses with more runway to grow their workforce. However, increasing available money supply by easing access to borrowing can also increase inflation.

The split between doves and hawks is still plaguing the Fed heading into the new year, which promises to see current Fed Chair Jerome Powell replaced with someone more likely to be on board with the much lower rate environment favored by the Trump administration. Two Fed board members cast dissenting votes against cutting rates this time around, while Trump loyalist Governor Stephen Miran favored a 0.5 percent cut.

By the end of the year, US President Donald Trump intends to announce a replacement for Powell, whose term expires in May 2026. Trump has criticized the Fed and Powell in particular, saying they haven’t lowered rates quickly enough.

On October 27, US Secretary of the Treasury Scott Bessent announced a shortlist 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 (NYSE:BLK) executive Rick Rieder.

The US government shutdown delayed the study and release of key economic data, which has left the Fed flying blind when it comes to planning the best course of action for the country’s economy. Even though the shutdown ended on November 12, Reuters states that there is still a bottleneck in economic reports and the Fed board will not receive a large tranche of data from statistical agencies, ‘including job and inflation reports for November that could help resolve the core debate among central bankers,’ until days after Wednesday rate announcement.

Looking at what data is available, the September unemployment rate ticked up to 4.4 percent, while the core inflation rate was 2.8 percent, still above the Fed’s 2 percent target. 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.

In his speech to reporters, Powell blamed sticky inflation on Trump’s tariffs. “These readings are higher than earlier in the year, as inflation for goods has picked up, reflecting the effects of tariffs,” he said.

Powell is taking the view that this effect may be short lived if the Fed can mitigate the risk of a more entrenched inflationary environment: “Our obligation is to make sure that a one-time increase in the price level does not become an ongoing inflation problem, but with downside risks to employment having risen in recent months, the balance of risks has shifted. Our framework calls for us to take a balanced approach in promoting both sides of our dual mandate.’

At its October meeting, the Fed said it would put a stop to its quantitative tightening activities as of December 1.

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. On Wednesday, the Fed signaled it will once again be buying US Treasuries, to the tune of US$40 billion starting on Friday (December 12).

“The Committee judges that reserve balances have declined to ample levels and will initiate purchases of shorter-term Treasury securities as needed to maintain an ample supply of reserves on an ongoing basis,” said the Fed.

The gold price traded in a right range around the US$4,200 per ounce level in the lead up to the Fed’s decision, spiking as high as US$4,230 following Powell’s speech. Lower interest rate environments lead to lower returns on fixed-income investments like bonds, which makes gold a more attractive investment. Silver spiked to a new all-time high above US$61 per ounce on Wednesday morning and managed to stay above US$61 following Powell’s statement.

Julia Khandoshko, CEO at the broker Mind Money, advised investors that US trade policy may matter more for gold in the coming year than the Fed’s monetary policies.

‘This is a thing that can change the rules of the game much more than a single meeting of the regulator. It is also unpredictable, unlike the other political or economic events. Therefore, it is important to monitor the Fed, but building a strategy solely around its decisions is no longer always justified,’ added Khandoshko

Equities reactions were fairly mixed following Powell’s statement on Wednesday, with the S&P 500 (INDEXSP:INX) up 0.47 percent to reach 6,872.35. Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) gained 0.08 percent to come in at 23,594.07, and the Dow Jones Industrial Average (INDEXDJX:DJI) was down 0.89 percent, coming to 47,982.86.

The next Fed interest rate decision will come on January 28, the first Fed meeting for 2026.

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

This post appeared first on investingnews.com

Perth, Australia (ABN Newswire) – Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) advised that it has formally commenced the engineering partner selection process for the upcoming engineering scoping pilot plant design , following direct engagement with Tier 1 U.S. engineering service providers.

HIGHLIGHTS

– Expression of Interest (EOI) issued to Tier 1 U.S. engineering firms to lead the upcoming Scoping Engineering Design for the Desert Antimony Mine pilot plant

– Study to integrate ongoing metallurgical optimisation, enabling concurrent advancement of engineering design and processing flowsheets

– Partner selection to prioritise U.S. based capability, permitting familiarity and alignment with domestic critical mineral policy

– Critical step in Locksley’s U.S. mine to market strategy, progressing toward commercial antimony production and downstream material readiness

– Supports U.S. government initiatives to rebuild domestic antimony processing capability and reduce reliance on foreign supply chains

– Locksley is well funded for 2026 work programs with over $20 million in cash

In October 2025, the Company’s Chief Operating Officer met with senior executives from several leading U.S. based engineering firms to align on study objectives, execution strategy and the availability of local capability to support an accelerated project development pathway. These engagements have now progressed to the formal issuance of an Expression of Interest (EOI) to a shortlist of selected Tier 1 groups.

Strong response from Tier 1 Engineering Firms

The response to the EOI has been highly encouraging, with proponents recognising Locksley’s well structured development strategy and the Project’s alignment with U.S. federal priorities to rebuild domestic critical mineral supply chains.

Respondents also acknowledged the Company’s disciplined approach to early technical de-risking and pragmatic study execution, consistent with best practice project development frameworks.

A core objective of the EOI process is to assess each firm’s demonstrated experience operating in San Bernardino County, including regulatory engagement, permitting pathways and stakeholder management. This regional experience is considered an essential requirement for ensuring timely delivery of the subsequent project phases.

Integrated Metallurgical and Engineering Workstreams

In parallel with the EOI, ongoing metallurgical optimisation work continues to refine processing flowsheets, improve recoveries and validate key mass balance assumptions.

These outcomes will directly inform the engineering basis, enabling the Company to advance both study and metallurgical workstreams concurrently. This integrated approach is intended to maintain development momentum and support efficient delivery of a technically robust definition process.

Kerrie Matthews, Managing Director & CEO, commented:

‘With the completion of our recent capital raise we are fast tracking our 2026 initiatives. We are now engaging with leading U.S. engineering firms as an Expression of Interest. The strong response to our Expression of Interest highlights confidence in our development strategy and confirms that we have access to the technical capability and local U.S. experience required to advance the Project efficiently.

Our ongoing metallurgical optimisation work will feed directly into the scoping study, allowing engineering design, economic evaluation and project planning to progress without delay. This integrated execution strategy ensures the Desert Antimony Project continues to advance at speed toward the next stage of development.

Next Steps:

– Evaluation of EOI submissions, including review of technical expertise and local operating experience

– Issuance of a formal Request for Proposal (RFP) for the PFS and site investigation scopes by mid-Q1 2026

– Award of professional services contracts in separable work packages, with processing related scopes targeted for award by the end of Q1 2026 and mine engineering packages timed to align with upcoming exploration outcomes at the Desert Antimony Mine Project

To view the video: An overview of the Desert Antimony mine to market plan and key deliverables for downstream processing capability, please visit:
https://www.abnnewswire.net/lnk/6STFWM5K

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

News Provided by ABN Newswire via QuoteMedia

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Peter Krauth, editor of Silver Stock Investor and Silver Advisor, shares his thoughts on silver’s historic move past US$60 per ounce, saying he sees continued strength in 2026.

While the white metal is famously volatile, he believes it could reach US$70 next year.

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

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Gerard Bond, president and CEO of OceanaGold (TSX:OGC,OTCQX:OCANF), shares recent company highlights and discusses gold’s strong 2025 performance.

In his view, the yellow metal’s key drivers are de-dollarization, stagflation concerns, central bank buying and geopolitical uncertainty, all of which look set to continue next year.

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

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