US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves

Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.

The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with ⁠private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth.

Nearly 600 days after the devastating 2025 fires, thousands of Los Angeles residents are still waiting for more than $15bn in federal funds to rebuild their communities

As thousands of residents in Spokane, Washington, begin to grapple with a long recovery after a destructive set of blazes that consumed hundreds of homes in the state’s second most populated city this month, victims of the Los Angeles firestorm broke a grim record – they have faced the longest delay in modern history for federal aid.

Nearly 600 days since a historic firestorm roared into communities across Los Angeles, reducing more than 16,000 structures to ash and toxic debris, the Trump administration has failed to appropriate more than $15bn in long-term recovery funds that are crucial to rebuilding. The delay in supplying the badly needed funds is months longer than the last record set when victims of the Maui fires had to wait 500 days to receive the support, LAist noted this week.

National Park Service, which backs the 250ft arch, says it is likely to disrupt historical significance of dozens of sites

A new National Park Service report backs Donald Trump’s proposed arch, despite what it says are adverse effects to the sightlines of a host of landmarks in Washington, including the Washington Monument and the Lincoln and Jefferson memorials.

The report released on Friday says the 250ft-tall (76-meter) memorial arch is likely to disrupt the historical significance of dozens of sites near its planned location adjacent to the Arlington Memorial Bridge.

Nevada-based Kingsbarn Realty Capital seeks to acquire land to construct private road to development outside park

The Trump administration is reportedly pushing to give a parcel of land inside Yosemite, the country’s first national park and one of its most popular, to a Nevada-based private developer.

Staff with the National Park Service have been exploring how the agency can give a quarter-mile parcel to a company operated by Kingsbarn Realty Capital, the news outlet Notus reported on Friday, citing agency documents and unnamed sources “directly familiar with discussions”.

President faces criticism over plan to import up to 300,000 metric tons of foreign beef without charging higher tariffs

Donald Trump has pledged to allow cattle ranchers and farmers to process their own food amid a backlash from the US agricultural sector over his decision to pause US tariffs on foreign beef.

The US president has been sharply criticized, including from members of his own party, since announcing the US will temporarily import up to 300,000 metric tons of foreign beef without charging higher tariffs in an effort to bring down prices.

Helipad relocation led in part to incident where Marine One, carrying the president, had close call with passenger jet

Safety officials say the relocation of a helipad amid Donald Trump’s multi-project White House reconstruction led in part to an incident earlier this month in which a military helicopter carrying the president came too close to a passenger jet.

A preliminary report published on Thursday by the National Transportation ⁠Safety Board (NTSB) blamed “communication issues” for the failure of the crew of Marine One, the presidential helicopter, to give the required three minutes’ notice to air traffic controllers that they were about to take off from the White House.

Terrified of being seen as a loser, Donald Trump is nonsensically lashing out – even against our old friend Canada

I’m still grieving Dolly Parton. I never met her and always wanted to. She was almost exactly my age and my height and had values I deeply admired. Her death leaves a hole in the firmament.

Which brings me to the person whose values are as far from Dolly Parton’s as any human could possibly be and still claim to be human. I’m referring, of course, to the current occupant of the Oval Office.

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A reminder that we are covering the latest out of Jackson Hole, Wyoming, where Kevin Warsh – the new chair of the Federal Reserve – will deliver his first speech as the head of the US central bank at the annual economic policy symposium.

As my colleagues note, Warsh is under pressure to provide clarity on how the Federal Reserve should handle with inflation if price pressures don’t abate.

The president senses a crisis in his cult of personality. He believes the path to victory is through unwavering devotion

Donald Trump has framed his theme for the midterm elections. It has come to him as naturally and inevitably as staring into the mirror, beyond any logic or argument, his definitive answer to no specific issue, providing no understanding of any particular problem, but transcending all of them. His political theme is more primal than programmatic, more instinctive than analytical, a heartfelt expression to protect his greatest romantic attachment, his obsessive fixation, his idealized object: himself.

Trump’s campaign theme is unrequited love. Unlike the pollsters, media consultants and pundits, he alone has grasped the magnitude and the source of the existential crisis threatening his politics. He has identified the problem for the Republicans as the faltering measure of complete devotion to him. His demand has nothing to do with mutual affection. It is a ploy to reassert his slipping control, a manipulative test to prove loyalty to him, or else. There can be no absolute rule without an absolute ruler; no absolute ruler without absolute submission; no absolute submission without the expression of absolute love. His sadness at its fading gives way to anger, paranoia and greater acts of retribution. He equates the fear he instills as a form of love. Trump accepts subservience, from whatever motive, as affection or its closest equivalent. He cares nothing about sincerity, so it’s all in the show. The less love displayed, the more fear required. Yet there is no rebound, but only deeper rejection.