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 Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL); ‘Walker Lane’) is pleased to announce that Precision Geosurveys Inc. has been contracted to complete an airborne total magnetic field and radiometric survey on its Tule canyon Project located in the prolific Walker Lane Gold Trend.

Precision Geosurveys Inc. of Reno, NV and Langley, BC will commence the airborne survey in the next few days following completion of ongoing surveys by Precision in the Tonopah area of west central Nevada. A total of 212 line-kilometers will be flown along lines spaced 100 meters apart, 30 meters above ground level. The results are anticipated to be useful in mapping the complex altered volcanic stratigraphy present on the property and to contribute information that will further pinpoint proposed drill targets on the property.

Mr. Kevin Brewer, P.Geo President and CEO of Walker Lane Resources Ltd. noted that ‘We are very excited to be commencing exploration at the Tule Canyon project. We thank Silver Range Resources for helping to coordinate this work. Their efforts are testimony to our shared belief that Tule Canyon holds significant promise. We look forward to soon being able to confirm a drilling program for this project in the near future.’

About the Tule Canyon Property

The Tule Canyon Property sits astride a prominent deflection in the regional magnetic field associated with the underlying Sylvania Pluton. High grade gold and silver mineralization in the district is localized along this feature. The principal objectives of the survey will be to accurately map this deflection and to locate second order anomalies which may be associated with structurally controlled precious metal mineralization.

The Tule Canyon Property is 95 km south of Tonopah and 80 km northwest of Beatty near the NevadaCalifornia border. Mineralization on the property occurs along a 5-kilometre-long trend coincident with a major structural inflection in the Sylvania Pluton mapped by regional aeromagnetic surveys. Gold and silver mineralization is hosted in numerous quartz veins with mesothermal textures. Precious metals are associated with hematite, pyrite, yellow plumbo-jarosite or similar lead oxides, rare galena and copper oxides. The western end of the trend covering the Ingall’s Vein and the China Doll zones are silver-dominant with mineralization returning up to 4,320 g/t Ag and up to 31.8 g/t Au. The eastern end of the trend is gold-dominant with assays up to 37.3 g/t Au at surface and 27.6 g/t Au underground. Silver assays from material collected in this eastern area range up to 183 g/t Ag.

Mining in Tule Canyon dates from prior to 1848 when Mexican placer miners first began work in the area. Hard rock mining on the property dates from the 1890’s at the Dark Secret Mine. Mining at the nearby Eastside Mine and the Ingalls Vein occurred during the late 1900’s with a small heap leach operation constructed at the latter property.

A small open pit mining operated at the Dark Secret Mine during the 1980’s and reportedly shipped material to Goldfield for processing. In the pit, coalescing veins appear to form a bulk tonnage target. A chip-trench sample across the bottom of the pit returned 40 m @ 0.469 g/t Au including 20 m @ 0.695 g/t Au. Grab samples of vein material in the pit returned up to 14.1 g/t Au. Despite the past history of mining and high-grade surface mineralization on the property, there is little evidence of modern exploration activity and no known drilling.

A video presentation describing results to date at Tule Canyon is available on Silver Range’s website at www.silverrangeresources.com and further information is also available on the Company website at www.walkerlaneresources.com.

Note: Technical information in this news release has been approved by Kevin Brewer, P.Geo who relied on information provided to him by Silver Range Resources Ltd. and information in the public domain. Historical information cited in this news release was obtained from Nevada Bureau of Mines and Geology district files and from historical publications. Investors should be cautioned that this information has not been independently verified by the Company.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

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News Provided by Canada Newswire via QuoteMedia

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Metals Focus published its annual Precious Metals Investment Focus report on Saturday (October 25).

The report from the leading gold analysis firm outlines the investment options available for those interested in leveraging rising demand for precious metals such as gold and silver. It also highlights key supply and demand trends shaping the precious metals market and driving prices now and over the next 12 months.

Gold surged over 65 percent from the start of 2025 to its record high of US$4,379.13 per ounce on October 17. Not to be outdone, silver skyrocketed more than 88 percent its highest-ever price of US$54.47 per ounce on the same day.

Although prices for both precious metals have since pulled back on profit taking, Metals Focus believes the conditions that created these record-high prices are still very much in play.

US trade policy driving gold price in 2025

Metals Focus analysts attribute gold’s stellar performance in 2025 to a number of factors largely centered on growing global economic uncertainty and ongoing geopolitical conflicts. Gold’s safe-haven status is highly favored in these conditions, attracting both retail and institutional investors as well as central banks.

However, the firm sees US President Donald Trump’s trade policies as the most influential: “In our view, the single most important factor has been uncertainty around US trade policy.”

Trump’s constant trade war waffling has businesses and governments scrambling to keep up and unable to plan for the future. As tariffs increase the price of goods while disrupting supply chains, inflation is becoming stickier.

This is baking in more macroeconomic risks into the global economy, and in turn raising the risk for stagflation — an environment that experts agree is ideal for higher gold prices.

The US Federal Reserve’s reversal of its monetary policy in mid-September 2025 with its first interest rate cut and the anticipation of further rate cuts to come are further boosting the gold price. The sustainability of growing US debt and the waning strength of the US dollar on the global stage are also price supporting factors for the yellow metal.

Central bank gold buying, which has reached record levels in recent years, also continued to be net positive in 2025, further driving demand. “Put together, these drivers explain why gold has not only reached fresh highs in 2025, but also why pullbacks have been shallow and short-lived, as investors have been rushing to buy dips,” states Metals Focus.

Silver price shoots up on liquidity squeeze

The same forces sending gold prices to new heights are also bringing silver along for the ride.

Silver often lags behind its sister metal, and this latest price cycle was no exception.

However, investor belief that silver remains undervalued given strong industrial demand and unprecedented tight supply finally pushed the metal to break on through to the other side of a 45 year record high.

Metals Focus also points to the liquidity squeeze in the silver futures market, specifically concerning the COMEX in London. As the immediate supply of silver has not been enough to meet rising demand, the spot price for silver has risen higher than the price of futures contracts, a phenomenon known as backwardation.

This creates a squeeze on short sellers who must now buy back silver contracts at higher prices.

The situation amplified silver’s rally in early to mid-October. However, later in the month shipments of silver from New York and China helped to alleviate this pressure.

Gold price outlook for 2026

Looking forward, the trends underlying much of gold’s record-breaking price momentum are expected to remain strong well into next year. Metals Focus sees the price of gold posting another annual average high of US$4,560 as it heads toward US$5,000 in 2026, potentially reaching a record US$4,850 in the fourth quarter.

These gains in gold are projected to materialize despite supply side growth. Metals Focus is forecasting a surplus of 41.9 million ounces in 2026, up 28 percent year-on-year. The firm sees gold mine production reaching another record high in 2026 at the same time that gold recycling could climb by 6 percent to a 14-year high in jewellery demand is likely to be affected by high prices, low consumer confidence, and economic uncertainty.

What will move gold prices higher in 2026?

Gold investors should take cues from interest rate moves, inflation levels, strength or weakness in the US dollar and sentiment surrounding the independence of the Federal Reserve.

Of course, US trade policy will continue to be a main theme for precious metals over the next 12 months.

“As we have witnessed since the beginning of the Trump 2.0 administration, the abrupt and often unpredictable nature of US policy moves and the resulting uncertainty for the global trade system, and in turn the global economy, is expected to be a key driver of sentiment towards gold,” states the firm in the report.

Further driving demand, central banks around the world are expected to remain net buyers of safe-haven gold as the global push toward de-dollarization continues.

Gold and silver price outlook.

Chart via Metals Focus, Bloomberg.

Silver price outlook for 2026

As for silver, the white metal will continue to be seen as a more affordable alternative to gold. Metals Focus is looking for silver to average US$57 next year, and even take a run at the US$60 level in mid- to late 2026.

Silver has not only benefited from safe-haven investor demand and strong industrial demand, but also tight supply. However, the firm notes that the ongoing supply deficit for silver is expected to fall from 143.6 million ounces in 2024 to 63.4 million ounces in 2025. That figure is expected to shrink further to 30.5 million ounces in 2026.

Nevertheless, the silver market remains in a supply deficit at a time when demand is strong.

“We therefore remain bullish towards silver for the rest of this year and 2026,” note the report’s authors, who expect silver to continue outperforming gold at least in the first half of the new year.

In response, the gold-silver ratio has the potential to continue falling in 2026. However, Metals Focus believes the market will see this trend reverse in the back half of the year as silver loses some steam.

Gold-silver ratio.

Chart via Metals Focus, Bloomberg.

Investor takeaway

Overall, Metal Focus is confident the precious metals bull market will continue for the rest of 2025 and into 2026.

Gold especially is benefiting from its safe-haven status at a time of heightened macroeconomic and geopolitical uncertainty. Silver is tracking its ascent and also seeing tight aboveground supply and sustained industrial demand.

For those who think they’ve missed out on the gains to be made in this latest precious metals bull cycle, there’s still plenty of upside to be had in the gold and silver markets in Q4 and heading into 2026.

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

This post appeared first on investingnews.com

– Progressive stars Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Bernie Sanders, I-Vt., are teaming up with New York City mayoral candidate Zohran Mamdani Sunday night for a ‘New York is not for sale’ rally at Forest Hills Stadium in Queens, New York City.

The high-profile campaign event comes nearly one week before Election Day, as New Yorkers head to the polls for the first weekend of early voting, closing out a contentious mayoral battle where Mamdani’s unanticipated success has landed him on the national stage.

‘Zohran Mamdani is modeling a different kind of politics,’ Sanders, the former Democratic presidential candidate and longtime progressive leader, said in a statement ahead of the rally. 

The trio of self-identified Democratic socialists have invigorated the Democratic Party’s progressive base at a time when Democrats are still grappling with devastating losses in 2024 amid growing discontent with President Donald Trump’s sweeping, second-term agenda.

When Sanders and Ocasio-Cortez teamed up for the ‘Fighting Oligarchy’ tour earlier this year, they sparked sizable buzz, firing up thousands of Democrats at rallies across the United States who had been left without a clear party leader.

‘As mayor, he will not run a top-down, billionaire-funded, consultant-driven administration. Instead, Zohran will be a champion for the working people of New York,’ Sanders said.

Both Sanders and Ocasio-Cortez have campaigned alongside Mamdani in his bid to lead the nation’s most populous city. 

On Friday night, Sanders appeared for a virtual ‘Get Out the Vote’ event with Mamdani. Last month, Sanders and Mamdani teamed up for a ‘Fighting Oligarchy’ town hall in Brooklyn. 

Ahead of the Brooklyn town hall event, the two progressive leaders marched alongside union members in Manhattan’s Labor Day parade. That afternoon, Mamdani posed for a photo with Sanders and Ocasio-Cortez in Astoria, Queens, amassing millions of views.

Sanders, a two-time Democratic presidential nominee runner-up, was an early endorser of Mamdani’s primary campaign, along with Ocasio-Cortez. Their endorsements helped Mamdani consolidate progressive support in the 11-candidate field during the final weeks of the primary race.

Mamdani’s primary upset triggered a political earthquake as the democratic socialist handily defeated former Gov. Andrew Cuomo, who was widely expected to secure the Democratic nomination.

Mamdani’s cross-endorsement with fellow progressive New York City Comptroller Brad Lander cleared the path for Mamdani to consolidate support against Cuomo through ranked-choice voting. 

Cuomo has since launched an independent campaign, teeing up a competitive and contentious general election battle. 

Since Mamdani secured the Democratic nomination, Trump has labeled him a ‘100% Communist Lunatic,’ and ‘my little communist,’ ushering Mamdani onto the national political stage. Mamdani has rejected the moniker, maintaining that he identifies as a democratic socialist, like Sanders and Ocasio-Cortez. 

As Trump began criticizing Mamdani, New York Democrats chose to withhold their endorsements of the socialist candidate, who has made a slew of ambitious campaign promises, like fast and free buses, city-run grocery stores and free childcare, all of which he plans to pay for by raising taxes on corporations and the top 1% of New Yorkers. 

After months of withholding their endorsements, Gov. Kathy Hochul finally endorsed Mamdani last month and House Minority Leader Hakeem Jeffries finally affirmed his support in a statement Friday. Senate Minority Leader Chuck Schumer has still yet to endorse. 

Pressure had been mounting since Mamdani won the Democratic primary in June for Mayor Eric Adams, who was also running as an independent, or Cuomo to drop out of the race to consolidate support against Mamdani. Adams dropped out of the race and endorsed Cuomo on Thursday. 

That pressure reached a boiling point last week as billionaires, including Red Apple Media CEO John Catsimatidis and hedge fund CEO Bill Ackman, called on Republican nominee Curtis Sliwa to drop out of the race in order to clear a pathway to victory for Cuomo.

The latest Fox News survey, conducted Oct. 10-14, ahead of the first general election debate last week, revealed that Mamdani has a substantial lead in the race. According to the poll, Mamdani has a 21-point lead among New York City registered voters with 49% of voters backing Mamdani, while 28% go for Cuomo and 13% favor Sliwa.

Mamdani also rose above the 50% threshold among likely voters, garnering 52% support, while Cuomo picked up 28%, and Sliwa received just 14%.

This post appeared first on FOX NEWS

There appears to be no end in sight to the current government shutdown, with Democrats and Republicans still far from striking a federal spending deal nearly a month into fiscal year (FY) 2026.

Hundreds of thousands of federal workers have been furloughed and thousands have been laid off. Certain federal services have also paused due to lack of funding.

It is not the first time such a standoff has paused all or some government operations. Below is a list of the top five longest government shutdowns in U.S. history, and how they were resolved.

December 2018January 2019: 35 Days

The longest government shutdown in history happened during the first Trump administration and lasted five weeks.

Funding for President Donald Trump’s border wall was at the heart of that dispute. Trump had refused to sign a federal spending deal that did not include money for the project, and a standalone bill with $5.7 billion was blocked by a Senate Democrat-led filibuster.

Trump eventually backed a short-term federal funding measure to reopen the government on Jan. 25, 2019, and a few weeks later, Congress approved $1.375 billion for 55 miles of border fencing between the U.S. and Mexico.

It was a partial shutdown, meaning lawmakers managed to strike a deal on five of 12 appropriations bills before their clock ran out.

Oct. 1, 2025current: 26 Days and Counting

The current government shutdown is now the second-longest in history, and the longest-ever full shutdown.

That means Congress was unable to strike a federal funding deal on any appropriations bills before the end of FY 2025 on Sept. 30.

Republicans, who control the House and Senate, had offered a seven-week extension of FY 2025 spending levels to give lawmakers more time to hash out next fiscal year’s numbers. 

It passed the House on Sept. 19, with support from one Democrat, but has stalled in the Senate 12 separate times.

Democrats are demanding that any federal funding plan also include an extension of COVID-19 pandemic-era enhanced Obamacare subsidies, which are set to expire at the end of this year without congressional action.

As of the most recent tally, at least five more Senate Democrats are needed to overcome a filibuster and pass the measure in the Senate.

Republican leaders have shown no signs of giving in, however, accusing Democrats of trying to jam an unrelated issue into the yearly funding process.

December 1995January 1996: 21 Days

The second of two government shutdowns under former President Bill Clinton lasted three weeks, breaking a record at the time for the longest shutdown in U.S. history.

Republicans had taken control of both the House and Senate in the 1994 midterm elections, leading Clinton on a collision course with then-House Speaker Newt Gingrich, R-Ga.

Gingrich pursued significant cuts to the federal budget after being emboldened by the 1994 red wave in the House following his ‘Contract with America.’

Clinton, who also pushed for a balanced budget, disagreed with the spending cuts sought by Republicans in Congress.

That was also a partial shutdown, with the departments of energy, defense and agriculture among those funded before the impasse began.

Republicans moved to end that shutdown amid mounting negative public polling for the GOP, NPR reported.

Sept. 30, 1978Oct. 18, 1978: 18 Days

The longest shutdown of former President Jimmy Carter’s four-year term in the White House lasted 18 days, at a time when Democrats controlled all levers of power in Washington.

Carter had vetoed Congress’ bills on defense spending and public works that he thought wasted federal dollars, according to the Washington Post. That included funding for a nuclear-powered aircraft carrier that Carter opposed.

There was also a dispute over abortion in the funding bill for the now-defunct Department of Health, Education, and Welfare.

Congress wound up stripping the funding that Carter opposed from the defense and public works bills, while a compromise was reached on the latter issue.

Oct. 1, 2013Oct. 17, 2013: 16 Days

Much like the current standoff, the 2013 government shutdown also centered on Obamacare — also known as the Affordable Care Act (ACA).

It is the second-longest full shutdown in history behind today’s. At the time, Republicans controlled the House while Democrats held the Senate.

The GOP had insisted on spending bills that rolled back significant portions of Obamacare, then only about three years old.

Senate Democrats rejected such measures passed by the Republican-controlled House, however.

Congress eventually agreed to a short-term spending patch to end the shutdown, and Republicans relented on pushing funding bills with Obamacare cuts.

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President Donald Trump danced alongside Malaysian performers as he was greeted on the first leg of his Asia tour.

The White House dubbed his moves, ‘TRUMP DANCE MALAYSIA VERSION’ on social media. The performance was part of a greeting for Trump laid out by Malaysian Prime Minister Anwar Ibrahim.

The five-day trip will see Trump meet with newly-elected Japanese Prime Minister Sanae Takaichi in Tokyo as well as Chinese President Xi Jinping in South Korea.

Trump also oversaw the signing of a peace agreement between Cambodia and Thailand on Sunday.

The president watched as Cambodian Prime Minister Hun Manet and Thai Prime Minister Anutin Charnvirakul signed the expanded ceasefire at the annual summit of the Association of Southeast Asian Nations.

The agreement requires Thailand to release 18 Cambodian soldiers held prisoner and for both countries to begin removing heavy weapons from the border.

‘We did something that a lot of people said couldn’t be done,’ Trump said. 

Cambodia’s prime minister called it a ‘historic day,’ and the Thai prime minister said the agreement establishes ‘the building blocks for a lasting peace.’

Ibrahim praised the agreement between Thailand and Cambodia, saying during opening remarks at the summit that ‘it reminds us that reconciliation is not concession, but an act of courage.’

After the expanded ceasefire agreement was signed, Trump reached separate economic deals with Cambodia and Thailand.

Trump also signed agreements with Malaysia involving trade and critical minerals. The U.S. has been working to expand its supply chains to reduce reliance on China, as Beijing has limited exports of key components in technology manufacturing.

Fox News’ Landon Mion and The Associated Press contributed to this report.

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Rep. Eric Swalwell, D-Calif., said the next Democratic presidential nominee must vow to demolish President Donald Trump‘s White House ballroom, proposing the pledge a litmus test for the party’s 2028 contenders.

‘Don’t even think of seeking the Democratic nomination for president unless you pledge to take a wrecking ball to the Trump Ballroom on DAY ONE,’ Swalwell wrote on X on Saturday.

Swalwell’s office did not immediately respond to Fox News Digital for additional comment.

For the first time in its history, the White House will have a formal ballroom, a new addition built where the East Wing once stood, a project that has become a political flashpoint as photos of the demolition fuel debate over President Trump’s mark on the historic residence.

On July 31, White House press secretary Karoline Leavitt announced the planned construction of a 90,000-square-foot ballroom. The sprawling ballroom will accommodate approximately 650 seated guests and will stay true to the classical design of the White House.

‘The White House is currently unable to host major functions honoring world leaders in other countries without having to install a large and unsightly tent approximately 100 yards away from the main building’s entrance,’ Leavitt said, adding the new ballroom will be ‘a much-needed and exquisite addition.’

Construction on the White House grounds, which began earlier this month, is estimated to cost $250 million and will be financed by Trump and private donors.

The ballroom isn’t the only update. 

Trump has introduced gold accents in the Oval Office and Cabinet Room, a new monument dubbed the ‘Arc de Trump,’ the ‘walk of fame’ with portraits of former presidents, including a photo of the autopen representing former President Joe Biden’s time in office, added stone pavers to the Rose Garden lawn and installed two 88-foot flagpoles.

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History is being rewritten on the White House grounds, where a new formal ballroom is rising in place of the East Wing. The project has become a political lightning rod, as images of its construction reignite debate over President Donald Trump’s imprint on the nation’s most iconic address.

While the White House has hosted countless ceremonial events, it has never had a dedicated ballroom. The new structure will fill that void, replacing the historic East Wing with a space designed instead to host large-scale gatherings.

The ballroom is estimated to cost $250 million and will be financed jointly by Trump and private donors.

While the White House has pledged to release details on the individuals and corporations funding the ballroom’s construction, a comprehensive breakdown of contributions has not yet been made public.

During a July 31 briefing, White House press secretary Karoline Leavitt detailed the administration’s plans to construct a 90,000-square-foot ballroom on the White House grounds.

Leavitt said the new ballroom will accommodate approximately 650 seated guests and will stay true to the classical design of the White House.

‘The White House is currently unable to host major functions honoring world leaders in other countries without having to install a large and unsightly tent approximately 100 yards away from the main building’s entrance,’ Leavitt said on July 31.

She added that the new ballroom will be ‘a much-needed and exquisite addition.’

This post appeared first on FOX NEWS

Argentine President Javier Milei secured a decisive victory Sunday in midterm elections, expanding his control of Congress and giving his government fresh momentum to push forward with deep spending cuts and sweeping free-market reforms.

The result gives Milei’s libertarian movement a boost and marks another sharp turn for one of Latin America’s largest and most volatile economies.

Milei’s party, La Libertad Avanza, won about 41.5% of the vote in Buenos Aires province, a historic upset in a region long dominated by the Peronist opposition. The rival coalition took 40.8%, according to figures cited by Reuters and The Associated Press.

Nationwide, La Libertad Avanza increased its seats in the lower house from 37 to 64, positioning Milei to more easily defend his vetoes and executive decrees that have defined his economic agenda.

‘The result is better than even the most optimistic Milei supporters were hoping for,’ Marcelo Garcia, Americas director at the risk-analysis firm Horizon Engage, said in comments reported by Reuters. ‘With this result, Milei will be able to easily defend his decrees and vetoes in Congress.’

Political consultant Gustavo Cordoba told Reuters the outcome reflected a cautious optimism among voters who appear willing to give Milei’s economic policies more time.

‘Many people were willing to give the government another chance,’ Cordoba said. ‘The triumph is unobjectionable, unquestionable.’

Reuters reported that inflation has fallen from 12.8% before Milei’s inauguration to 2.1% last month. His government has also posted a fiscal surplus and pushed through broad deregulation measures — a dramatic reversal after years of economic turbulence.

According to The Associated Press, the U.S. government under President Donald Trump offered Argentina a $40 billion aid package, including a $20 billion currency swap and a proposed $20 billion debt-investment facility, after tying future U.S. support to Milei’s performance in the midterms.

Investors reacted positively to the results. Reuters reported that Argentine bonds and stocks are expected to rally as Milei’s stronger hand in Congress gives him the political capital to accelerate his reforms

Milei called the election ‘a turning point for Argentina,’ according to AFP via the Times of Israel.

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In a political environment where little is agreed upon, there stands one exception: China. That country is cited by nearly every national security expert as the No. 1 geopolitical threat to the U.S. The question is how to coexist without being codependent, how to compete without conflict, and how to protect American producers and consumers while China plays by its arbitrary rules.

No sooner had a meeting between President Donald Trump and Chinese President Xi Jinping been announced before China threatened U.S. access to rare earth minerals. The U.S. countered by threatening an additional 100% tariff on Chinese imports.

Most Americans could not conjure why China would make such a provocative move after both presidents agreed to meet. Surely, the Chinese government must know Trump would react. Xi has been the leader of China for well over a decade with no sign of relenting.

Conversely, Trump is nearly a year into his final term in office. China has always played the long game, assuming Americans lack the will to wait out a prolonged contest. China thinks patience will win — that Americans can’t sustain pressure. It may wind up being surprised that patience is an overrated virtue and how quickly this administration can act.

The Trump administration has already resolved conflicts around the globe, as evidenced by its history-defying peace agreement in the Middle East. The administration has used tariffs and the threat thereof to increase revenue for the U.S., balance the trade playing field and reposition the U.S. for increased domestic manufacturing.

It has been clear about the threats posed by Venezuela, repositioned our relationship with Colombia, opened dialogue between Israel and moderate Arab states, bombed Iranian nuclear ambitions and closed a porous border. All of that in less than a year.

The conflict left to be resolved is in Eastern Europe, and the ‘white whale’ among outstanding trade agreements is China. The two are interconnected. While the U.S. was trying to isolate Russia for its aggression against Ukraine, China was providing both military and economic assistance to Russia.

Next on the administration’s agenda is ending the Russian invasion of Ukraine and negotiating a trade agreement with China that can withstand the reality that the problematic forces within today’s Chinese Communist Party aren’t going anywhere.

Even if Xi steps down or his power wanes, there is no Chinese equivalent to America’s 22nd Amendment — no constitutional limit to the number of terms or years a leader can serve. That means Beijing’s leadership can remain in power indefinitely, which is a central pillar of the Communist Party’s strategy. The United States must live with that reality and yet negotiate from a position of strength to achieve our interests.

While recent reports suggest Xi’s grip may be weakening amid internal purges and speculation about dissent within the Chinese Communist Party, history teaches such reports are often exaggerated. And even if Xi were to fall, his successor would continue the long-term authoritarian policies that define modern China.

China perceives time and our democratic system as allies in its strategy. The key is to make Beijing recognize Trump’s impatience with that country’s malingering and duplicity is not a weakness but rather a threat to their own interests.

The administration’s China pressure strategy isn’t confined to tariffs. It extends to the technological front, where the next great battles for global power will be fought.

The Trump administration has already resolved conflicts around the globe, as evidenced by its history-defying peace agreement in the Middle East. 

Recognizing that China’s dominance in communications and artificial intelligence poses an existential threat to U.S. security, the Trump administration has moved to aggressively end Beijing’s control of critical infrastructure.

For example, the Department of Justice has taken decisive steps to counter the dominance of Huawei, a company controlled by the Chinese Communist Party, over global telecommunications. Huawei still controls the global telecom market (and, by extension, the AI and 5G future) and has repeatedly been found by the Department of Defense and our security agencies to include backdoors and security vulnerabilities.

To level this playing field, the Trump administration — working together with U.S. intelligence officials — approved the HPE-Juniper merger, giving America a credible competitor and a real chance to out-innovate China while securing critical communications infrastructure.

There were opponents to this merger — both the usual suspects and a few new ones. Democrat attorneys general, led by Colorado Attorney General Phil Weiser — are crying foul but doing so without access to any of the information necessary to make an informed decision. Too often, visceral disdain for the president has supplanted a reasoned consideration of national security realities.

When the president perceived national security threats in the computer chip realm, he took the unprecedented step of teaming with Intel. Unconventional? Yes. But these are not traditional times, and the next conflicts will not be waged in conventional terms.

While progress has been made both practically and in principle with China, more remains to be done, which is why the president and his economic, trade and national security teams are willing to meet with China. Next may come tightening export controls on other sensitive technologies and strengthening military partnerships in the Indo-Pacific to deter Chinese ambitions.

Beijing has watched Trump re-invigorate NATO, end several wars, impose tariffs and meet intended pain with imposed pain. Beijing has seen patience when warranted, power when called for, and an overarching preference for peace.

While recent reports suggest Xi’s grip may be weakening amid internal purges and speculation about dissent within the Chinese Communist Party, history teaches such reports are often exaggerated. 

Do not mistake diplomacy for weakness or discussion for a lack of resolve. Trump can make peace, level the playing field, stop intellectual property theft, punish currency manipulation and allow for healthy, fair competition, even among perceived opponents.

The fact that someone seeks peace does not mean he isn’t preparing for a world without it. China would be wise to know that while democracy limits a person’s time in office, it does nothing to deter the speed with which actions can be taken to preserve that democracy.

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