Audio recording of US vice-president apparently made at New York fundraiser and shared with Canadian Press

Leaked audio from a private event has reportedly captured the US vice-president, JD Vance, mocking Canada for apparently capitulating in a trade deal and taunting the prime minister, Mark Carney, for trying to “out-tough” Donald Trump.

The recording, which was reportedly made at a fundraiser and shared with the Canadian Press, comes in the last stretch of a difficult negotiation in which the US president has threatened to impose 50% tariffs on Canada.

The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned

• Why is the Trump administration causing turmoil in the bond markets?

You could pin the US’s staggering $40tn in government debt to Donald Trump’s Keystone Cops-style governance. Tariffs he sold as a new source of revenue were struck down by the supreme court, forcing the government to return tens of billions of dollars to importers. Elon Musk’s “department of government efficiency” (Doge), ostensibly created to stop wasteful government spending, decimated federal programs and probably killed millions of children, but did nothing to close the budget deficit. The burst of inflation following Trump’s misguided adventure in Iran sharply raised the cost of serving the government’s obligations.

Yet as the federal debt hits an all-time high, up from about $35tn when Trump took office less than two years ago, it is worth noting that the US’s gargantuan indebtedness is in fact the product of a longstanding Republican strategy that took shape well before Trump could even dream about gold-plating the White House. It was called “starve the beast”.

Despite previously comparing him to a ‘mobster’, Trump’s former personal lawyer showers him with praise. This blog is now closed.

• Trump administration faces questions over top aide Natalie Harp’s security clearance

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An FBI team seized electronic devices from former US representative Eric Swalwell at the San Francisco airport on Saturday, then raided his home in Washington, DC, the next day, CNN reported Thursday.

The raid is part of a federal investigation into the sexual assault allegations which ultimately drove the Bay Area Democrat to resign from office in April, sources familiar with the investigation told CNN. The Manhattan District Attorney’s Office and the Los Angeles Sheriff’s Department subsequently opened criminal investigations on Swalwell.