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Valeura Energy (TSX:VLE,OTCQX:VLERF) is an oil and gas company focused on the development and operation of shallow-water offshore assets in the Gulf of Thailand. The company, listed on the Toronto Stock Exchange and headquartered in Singapore, is strategically positioned within the Asia-Pacific region. Valeura operates four producing oil fields—Nong Yao, Jasmine, Wassana, and Manora—and has established itself as a low-cost, dependable operator in a mature basin supported by extensive existing infrastructure.

Valeura focuses on maximizing free cash flow from existing production while extending asset life through ongoing drilling, upgrades, and near-field exploration. This is supported by a disciplined acquisition strategy, positioning the Company as a potential regional consolidator, backed by an experienced management team with a strong track record in operations, transactions, and safety.

Valeura’s primary focus is its operated portfolio of shallow-water offshore oil fields in the Gulf of Thailand, which form the foundation of its cash flow, reserves growth and near-term value creation. The company currently operates four producing fields – Nong Yao, Jasmine, Wassana and Manora – all located in a mature basin with extensive infrastructure and a long history of reserve replacement through continued development.

Company Highlights

  • Second-largest oil producer in Thailand, operating four shallow-water offshore fields in the Gulf of Thailand
  • Strong financial position, with US$306 million in cash and no debt as of December 31, 2025
  • Growing reserves and extended field lives, with 57.6 mmbbl of 2P reserves and a multi-year history of approximately 200 percent reserves replacement per year
  • Highly cash-generative business, generating US$158 million in free cash flow over the last twelve months to September 30, 2025
  • Growth-oriented strategy, combining disciplined organic investment with accretive M&A opportunities in the Asia-Pacific region

This Valeura Energy profile is part of a paid investor education campaign.*

Click here to connect with Valeura Energy (TSX:VLE) to receive an Investor Presentation

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Here’s a quick recap of the crypto landscape for Wednesday (February 4) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$73,420.53, down by 3.9 percent over 24 hours.

Bitcoin price performance, February 4, 2026.

Chart via TradingView.

Expectations of tighter monetary policy and unresolved regulatory tensions are also weighing on investors.

Meanwhile, XS.com’s Samer Hasn is observing positive sentiment marked by long-term investors and new Bitcoin addresses accumulating at current low prices, despite speculative money leaving. He views the downtrend as a buying opportunity while the broader market anticipates crucial economic data and earnings from Alphabet (NASDAQ:GOOGL).

Ether (ETH) was priced at US$2,164.80, down by 5.7 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.54, down by 4.7 over 24 hours.
  • Solana (SOL) was trading at US$93.04, down by 7.7 percent over 24 hours.

Today’s crypto news to know

Bitcoin-led selloff wipes nearly US$500 billion from crypto market

A sharp crypto selloff has erased nearly half a trillion dollars in market value in less than a week, with Bitcoin leading the decline, according to a Bloomberg report.

The total market cap for crypto has fallen by about US$467.6 billion since January 29.

Meanwhile, Bitcoin slid to its lowest level since US President Donald Trump’s re-election in early November 2024, briefly touching US$72,877 in US trading before clawing back to around US$75,900.

The pullback comes despite a more crypto-friendly White House and growing institutional adoption, reflecting how fragile sentiment remains after months of heavy leverage.

More than US$700 million in bullish and bearish bets were liquidated in the past 24 hours alone, taking total liquidations since January 29 to over US$6.6 billion, according to CoinGlass data.

Burry warns Bitcoin slide could trigger cascading financial stress

In a Substack post published on Monday (February 2), Michael Burry speculated that Bitcoin’s recent sharp decline could be something beyond a normal bear market, framing it as a uniquely dangerous setup that could trigger cascading financial turmoil across leveraged portfolios, as well as the entire crypto market and metals.

As Bitcoin is deeply embedded into leveraged structures, further price drops could force more selling. He outlined several ‘sickening scenarios,’ including 15 to 20 percent hits for large institutional holders like Strategy (NASDAQ:MSTR), a company he predicts could see major losses if Bitcoin were to fall to US$60,000.

If the cryptocurrency were to dip toward US$50,000, Burry said miners could dump reserves to avoid bankruptcy, dragging minerals and tokenized metal futures into a collapse. Burry sees Bitcoin as a purely speculative asset that has failed to act as a reliable debasement hedge like gold, so its drawdown exposes broader balance sheet fragility driven not just by price moves, but also by over‑levered positions, aggressive artificial intelligence and cloud CAPEX accounting and weak capital discipline that will only become apparent when liquidity tightens.

Strategy’s Bitcoin bet goes underwater

Michael Saylor doubled down on his Bitcoin conviction this week even as Strategy’s vast holdings slipped below their average purchase price. Bitcoin’s drop under roughly US$76,000 has pushed the firm’s estimated cost basis into negative territory, leaving it about US$630 million underwater on paper, according to market estimates cited by critics.

The company has accumulated more than 712,000 BTC since 2020 using a mix of share issuance and convertible debt, a strategy that paid off during the bull market, but now faces renewed scrutiny.

Bitcoin critics, including Peter Schiff, argue that Strategy’s aggressive buying helped fuel the earlier rally and that slowing purchases are now exacerbating the decline. Saylor has rejected that view, posting on X that volatility is “Satoshi’s gift to the faithful” and reiterating his rule to “Buy Bitcoin.”

TRM Labs hits US$1 billion valuation

Blockchain intelligence firm TRM Labs has reached a US$1 billion valuation after closing a US$70 million Series C funding round that was led by Blockchain Capital and included backing from Goldman Sachs (NYSE:GS), Bessemer Venture Partners, Brevan Howard, Thoma Bravo and Citi Ventures.

Co-founder Esteban Castaño said the company was built around the belief that widespread crypto adoption would inevitably require sophisticated risk and compliance tools.

TRM gained traction with law enforcement agencies and financial institutions by tracking activity across multiple blockchains, an early strategic choice that helped it compete with more established rivals.

Bessent reasserts government Bitcoin stance

During testimony before the House Financial Services Committee during a mandatory oversight hearing on the annual report of the Financial Stability Oversight Council, US Secretary of the Treasury Scott Bessent reasserted his stance that Bitcoin is an asset of the US government, not a liability, and that the Strategic Bitcoin Reserve built from forfeited coins is a legitimate balance sheet asset that the treasury is treating as part of the nation’s financial toolkit.

Bessent noted that roughly US$500 million in seized Bitcoin retained by the government has appreciated to over US$15 billion while in custody, underscoring Bitcoin’s role as a high‑growth strategic asset on the federal balance sheet.

He reiterated that the US is not planning to buy more Bitcoin on the open market, but will continue to accumulate it in budget‑neutral ways to build the reserve, such as through forfeitures and seizures.

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

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

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Mr. Thordarson brings two decades of expertise in operations, infrastructure development, and large-scale business transformation in the aviation industry

Syntholene Energy Corp. (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) (‘Syntholene’ or the ‘Company’) announces the nomination of Jens Thordarson, former Chief Operating Officer of Icelandair, to its Advisory Board. With nearly two decades of leadership experience in the aviation industry, Mr. Thordarson brings expertise in operations, infrastructure development, and large-scale business transformation, critical elements as Syntholene advances its synthetic fuel solutions for global transportation and logistics.

Mr. Thordarson held multiple executive roles at Icelandair over his 17-year tenure, including Chief Operating Officer and Vice President of Technical Operations. In these roles, he spearheaded large-scale operational improvements, optimized fleet management, and integrated advanced technologies to enhance efficiency and sustainability in one of the world’s most demanding industries. Currently, he serves as CEO of GeoSalmo, a company focused on sustainable aquaculture, further reinforcing his commitment to innovative and environmentally responsible industries. Mr. Thordarson also serves as the Honorary Consul of Ireland in Iceland, encouraging tourism, trade, and foreign affairs between the two nations.

‘Jens’ leadership in aviation and operations, combined with his strategic network in the nation of Iceland, makes him an ideal contributor to Syntholene’s Advisory Board,’ said Dan Sutton, Chief Executive Officer of Syntholene Energy Corp. ‘As we work to bring sustainable synthetic fuels to Icelandic and European markets, his insights into politics, regulatory landscape, and infrastructure readiness will be instrumental in driving our commercialization strategy.’

Syntholene Energy Corp. is at the forefront of developing sustainable synthetic fuels designed to seamlessly integrate with existing energy infrastructure while significantly reducing carbon emissions. The nomination of Mr. Thordarson reinforces the Company’s commitment to drawing expertise from industries where fuel efficiency, innovation, and operational scale are paramount.

‘I am excited to join Syntholene’s Advisory Board and contribute my experience in aviation, operations, and strategic growth,’ said Mr. Thordarson. ‘The transition to sustainable fuels is essential for industries like aviation, and Syntholene’s technology represents a major step forward, taking a fundamentally different and more disciplined approach to the challenge. I look forward to working with the team as they move toward scale.’

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com

Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the completion of the definitive agreement, successful implementation of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282796

News Provided by TMX Newsfile via QuoteMedia

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For at least two decades, former Amazon executive Dave Clark ended his work week the same way: a standing Friday date night with his wife, Leigh Anne.

Over dinner, the Clarks would talk through the “peak and pit” of their weeks. The ritual often revolved around Amazon, where Clark played a central role in building the logistics infrastructure that helped launch the e-commerce era.

During those years, Leigh Anne was a sounding board for her husband. In the process, she had a front-row seat to Amazon’s growth from what she called “a baby to a behemoth.”

By the time Clark left Amazon in 2022, he was CEO of the Worldwide Consumer division and one of billionaire founder Jeff Bezos’ top lieutenants.

Dave Clark at Auger headquarters Monday.David Jaewon Oh for NBC News

But these days, Fridays for the Clarks look very different.

Their dinner date has morphed into afternoon cocktails — a bourbon with Diet Coke for her and a Manhattan for him. And the conversation isn’t focused on Amazon anymore. It’s about Auger, the supply-chain startup they run together.

In their first joint interview from Auger’s Seattle office, the Clarks described how their marriage and complementary skill sets are shaping the company.

“We’ve been together for so long that we kind of just read each other’s minds,” Leigh Anne said. Working together, she said, “felt like a natural fit.”

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The Iranian president, who just days ago accused President Donald Trump of provoking unrest and trying to ‘tear this country apart,’ is now striking a softer tone regarding talks about its nuclear program, following a warning from Trump. 

Trump said at the White House on Monday that the U.S. is talking with Iran and that he would ‘like to see a deal negotiated.’  

‘And if we could work something out, that’d be great,’ Trump added. ‘And if we can’t, probably bad things would happen.’ 

Masoud Pezeshkian then took to X on Tuesday and wrote, ‘In light of requests from friendly governments in the region to respond to the proposal by the President of the United States for negotiations: I have instructed my Minister of Foreign Affairs, provided that a suitable environment exists — one free from threats and unreasonable expectations — to pursue fair and equitable negotiations, guided by the principles of dignity, prudence, and expediency.’

‘These negotiations shall be conducted within the framework of our national interests,’ Pezeshkian also said. 

Axios has reported that U.S. envoy Steve Witkoff will meet Iranian Foreign Minister Abbas Araghchi in Istanbul on Friday. However, a source familiar with the matter told Fox News on Tuesday that Iran wants to move the discussions to Oman.

Pezeshkian told state television on Saturday that Trump, Israeli Prime Minister Benjamin Netanyahu and European leaders ‘rode on our problems, provoked, and were seeking — and still seek — to fragment society,’ according to Reuters.

‘They brought them into the streets and wanted, as they said, to tear this country apart, to sow conflict and hatred among the people and create division,’ Pezeshkian reportedly added about the anti-government protests and deadly crackdown that recently swept through Iran. ‘Everyone knows that the issue was not just a social protest.’   

Then in a series of posts on X on Tuesday, Iran Supreme Leader Ayatollah Ali Khamenei said, ‘The United States wants to devour Iran; the Iranian nation and the Islamic Republic prevent this,’ and, ‘Iran stands firm and will continue to stand firm, and — God willing — will put an end to the United States’ mischief and harassment.’

‘The recent sedition was orchestrated by Zionists & the US. I was informed through a certain channel that the CIA & Mossad deployed all of their resources into the field!’  Khamenei also claimed, without providing any evidence.

Trump said last week that ‘time is running out for Iran.’

In a Truth Social post last Wednesday, Trump wrote, ‘A massive Armada is heading to Iran.’  

‘It is moving quickly, with great power, enthusiasm, and purpose. It is a larger fleet, headed by the great Aircraft Carrier Abraham Lincoln, than that sent to Venezuela. Like with Venezuela, it is, ready, willing, and able to rapidly fulfill its mission, with speed and violence, if necessary. Hopefully, Iran will quickly ‘Come to the Table’ and negotiate a fair and equitable deal — NO NUCLEAR WEAPONS — one that is good for all parties. Time is running out, it is truly of the essence!’ the president warned. 

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The House of Representatives passed a federal funding bill aimed at ending the partial government shutdown on Tuesday, which will bring the four-day standoff to a close shortly after the legislation gets to President Donald Trump’s desk.

The funding bill, which passed the House 217-214, is a compromise struck between Senate Democrats and the White House that would fund roughly 97% of the federal government through the end of fiscal 2026.

Trump played an integral role in hashing out the new deal and quelling a subsequent rebellion by conservative lawmakers to get it over the finish line.

House Minority Leader Hakeem Jeffries, D-N.Y., signaled he was strongly against the plan, despite his Senate counterpart’s role in putting it together. But 21 Democrats bucked his concerns in the end to vote in favor of it.

Jeffries and his top lieutenants in the House Democratic Caucus all voted against the bill, however.

On the GOP side, 21 Republicans voted against the legislation while 196 were in favor.

Democrats had initially walked away from a bipartisan House deal to finish funding the federal government through the end of fiscal 2026 on Sept. 30, rebelling against a bill funding the Department of Homeland Security (DHS) over Trump’s handling of unrest in Minneapolis.

Their mutiny left roughly 78% of the government’s yearly funding hanging in the balance because the DHS bill was lumped into a wider package authorizing budgets for the departments of War, Labor, Health and Human Services (HHS), Transportation, Housing and Urban Development (HUD), and Education.

The deal struck between Senate Democrats and the White House would fully fund those remaining areas while only extending current funding levels for DHS through Feb. 13, in order to give Democrats and Republicans time to hash out a longer-term bipartisan plan.

Speaker Mike Johnson, R-La., told reporters on Tuesday that the legislation would succeed, though he hinted at some dissatisfaction with how negotiations played out.

‘This is not my preferred route. I wanted to keep all six bills together,’ Johnson said. ‘But listen, the president agreed with Schumer that they would separate Homeland, and we’ll do that, and we’ll handle it.… The Republicans are going to do the responsible thing.’

The Senate’s federal funding deal survived an important hurdle late Tuesday morning, clearing a House-wide ‘rule vote’ to allow for lawmakers to debate the measure and set up a vote on final passage by early afternoon.

It comes after a pair of House conservatives announced they would be backing off their threats to sink the legislation during the rule vote if the legislation was not paired with an unrelated election integrity bill called the SAVE America Act.

Reps. Anna Paulina Luna, R-Fla., and Tim Burchett, R-Tenn., warned they would not support the bill during the rule vote without the SAVE America Act attached but pivoted on Monday night after a conversation with the White House.

‘As of right now, with the current agreement that we have, as well as discussions, we will both be a yes on the rule,’ Luna said. ‘There is something called a standing filibuster that would effectively allow Sen. Thune to put voter ID on the floor of the Senate. We are hearing that that is going well, and he is considering that… so we are very happy about that.’

The SAVE America Act would require voter ID at the polls and create a new proof of citizenship mandate in the voter registration process.

But it appears Luna’s insistence that Thune had embraced the standing filibuster, a little-known and antiquated legislative maneuver, was not quite accurate.

Still, Thune said there were Senate Republicans who ‘expressed an interest in that, so we’re going to have a conversation about it. But there weren’t any commitments made.’

He noted that forcing the standing filibuster to try and pass the SAVE America Act, or any of its variations coming from the House, would be a massive drain on time in the Senate.

Doing so ‘ties up floor time indefinitely,’ Thune said. That’s because of rules that guarantee any senator gets up to two speeches on a bill. That, coupled with the clock being reset by amendments to the bill, means that the Senate could effectively be paralyzed for months as Republicans chip away at Democratic opposition.

‘There’s always an opportunity cost,’ Thune said.

‘Well, at any time there’s an amendment offered, and that amendment is tabled, it resets the clock,’ he continued. ‘The two-speech rule kicks in again. So let’s say, you know, every Democrat senator talks for two hours. That’s 940 hours on the floor.’

It’s not immediately clear when Trump will sign the funding bill, but it’s expected the White House will want to move fast. The longest government shutdown in history, which lasted 43 days, just ended in November.

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Former President Bill Clinton and former Secretary of State Hillary Clinton will be deposed by the House Oversight Committee at the end of this month.

Committee Chairman James Comer, R-Ky., announced Hillary Clinton will sit for a closed-door transcribed interview on Feb. 26, and Bill Clinton will appear on Feb. 27 under the same terms.

Both interviews will be filmed, Comer’s press release said. 

It comes after weeks of back-and-forth between the former first couple and the House GOP-led committee about whether they would testify in the chamber’s probe into Jeffrey Epstein, and under what terms.

The Clintons were both facing contempt of Congress votes in the House this week if they did not agree to come to Capitol Hill for in-person interviews with the Oversight Committee.

Those votes were likely to succeed as well. Late last month, nine Democrats on the House Oversight Committee joined all Republicans in voting to advance Bill Clinton’s contempt of Congress resolution to a House-wide vote. Three Democrats voted to advance the resolution against Hillary Clinton.

A contempt of Congress vote would refer both Clintons to the Department of Justice (DOJ) for criminal prosecution.

A contempt of Congress conviction is a misdemeanor that carries a maximum fine of $100,000 and up to a year in jail.

‘Republicans and Democrats on the Oversight Committee have been clear: no one is above the law — and that includes the Clintons. After delaying and defying duly issued subpoenas for six months, the House Oversight Committee moved swiftly to initiate contempt of Congress proceedings in response to their non-compliance,’ Comer said in a statement.

‘Once it became clear that the House of Representatives would hold them in contempt, the Clintons completely caved and will appear for transcribed, filmed depositions this month. We look forward to questioning the Clintons as part of our investigation into the horrific crimes of Epstein and Maxwell, to deliver transparency and accountability for the American people and for survivors.’

Fox News Digital reached out to Bill Clinton’s spokesman for comment.

The Clintons were two of 10 people subpoenaed for testimony before the committee as it probes the federal government’s handling of Epstein’s case. So far just two people subpoenaed by the committee, former Attorney General Bill Barr and ex-Labor Secretary Alex Acosta, have appeared in person.

Their attorneys wrote to Comer last month calling his subpoenas legally invalid and a violation of separation of powers, arguments the Kentucky Republican rejected.

‘President and Secretary Clinton have already provided the limited information they possess about Jeffrey Epstein and Ghislaine Maxwell to the Committee. They did so proactively and voluntarily, and despite the fact that the Subpoenas are invalid and legally unenforceable, untethered to a valid legislative purpose, unwarranted because they do not seek pertinent information, and an unprecedented infringement on the separation of powers,’ the letter read.

The two sides then went back-and-forth discussing various terms as Comer continued to forge ahead with contempt proceedings.

Comer twice rejected offers for himself and Rep. Robert Garcia, D-Calif., the top Democrat on the committee, to travel to New York with limited staff to interview Bill Clinton. 

Meanwhile, Democrats had accused Comer of pursuing the contempt charges for political motivations rather than to get closure for Epstein’s victims.

Bill Clinton was known to have a friendship with Epstein before his federal criminal charges and is among many high-profile names to appear in the trove of files being released on the late pedophile by the DOJ. But there has been no implication of wrongdoing by either of the Clintons as it relates to Epstein.

With a looming vote that could have set up an unprecedented criminal prosecution, the Clintons’ attorneys wrote to the committee on Monday, ‘[M]y clients accept the terms of your letter and will appear for depositions on mutually agreeable dates. As has been the Committee’s practice, please confirm the House will not move forward with contempt proceedings, as the Chairman stated in his letter this morning.’

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President Donald Trump has signed legislation ending the partial government shutdown that started Friday at midnight. 

The legislation Trump signed funds agencies including the Department of War, the Department of State, the Treasury Department and others through the end of September and the end of the fiscal year. 

However, it only funds the Department of Homeland Security (DHS) through Feb. 13, meaning Republicans and Democrats will be forced to work together to secure a longer-term funding plan for the agency. 

While the House had previously passed funding bills to keep the government open through the end of September, Democrats failed to get on board with the measures in response to Trump’s ramped-up immigration efforts in Minneapolis. 

DHS announced Operation Metro Surge in December 2025 to dispatch thousands of Immigration and Customs Control agents into the city. 

As a result, Senate Democrats refused to get behind the deal due to its funding for DHS after two Customs and Border Patrol agents shot and killed Alex Pretti, a Department of Veterans Affairs ICU nurse, while he was recording federal immigration enforcement operations in Minneapolis in January. 

Ultimately, the Senate passed the compromise spending measure Friday that would fund key agencies, but the House was out of session and couldn’t pass its version of the measure in time to prevent a partial government shutdown. The House ultimately passed the compromise deal Tuesday by a 217–214 margin.

The most recent shutdown comes on the heels of the longest government shutdown in U.S. history in fall 2025, where the government remained shuttered for more than 40 days in October and November 2025. 

On Nov. 12, 2025, Trump signed legislation that would continue to fund the government at the same levels during fiscal year 2025 through Jan. 30 to provide additional time to finalize a longer appropriations measure for fiscal year 2026.

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Senate Minority Leader Chuck Schumer stood in the way of the Safeguard American Voter Eligibility Act (SAVE) this week, claiming that it represents ‘Jim Crow’ segregation laws, leading many on social media to bring up his identical claim about a Georgia voting law that resulted in record Black turnout.

Schumer pushed back on a Republican plan to add the SAVE Act, which would require states to obtain proof of citizenship in-person when people register to vote and remove non-citizens from voter rolls, to the spending package being debated in Congress.

‘I have said it before and I’ll say it again, the SAVE Act would impose Jim Crow-type laws to the entire country and is dead on arrival in the Senate,’ Schumer said on Monday. ‘It is a poison pill that will kill any legislation that it is attached to… The SAVE Act is reminiscent of Jim Crow era laws and would expand them to the whole of America. Republicans want to restore Jim Crow and apply it from one end of this country to the other. It will not happen.’

Many on social media quickly pointed to Schumer previously calling a Georgia election integrity law ‘Jim Crow 2.0’ before the law resulted in record Black turnout in the 2022 state election.

‘Schumer used the same line to describe Georgia laws that indisputably expanded voter access back in 2022,’ commentator and writer AG Hamilton posted on X. ‘It’s incredibly offensive and unserious to pretend that every voting law equates to a renewal of Jim Crow.’

Many Democrats, from Schumer, to President Joe Biden, to failed Georgia Democratic gubernatorial candidate Stacey Abrams, warned that the Georgia voter integrity law would be ‘Jim Crow 2.0’ and Major League Baseball even pulled its All-Star Game from Atlanta in 2021 amid public pressure.

Ultimately, the Georgia Secretary of State revealed that the law did not suppress turnout, but rather increased it, particularly among minority voters.

‘Chuck Schumer sounds like a broken record,’ Honest Elections Project Executive Director Jason Snead told Fox News Digital. ‘When Georgia passed a new voting law in 2021, Schumer labeled it ‘Jim Crow’ even though the state went on to see explosive turnout in 2022.’

Snead pointed to a University of Georgia poll after the 2022 election finding that 0% of Black respondents had a poor experience voting. 

Snead continued, ‘Now, Schumer is smearing the SAVE Act the same way because he has no legitimate excuse for opposing a law that makes sure only American citizens are voting—which more than 80% of Americans support. Schumer’s smears were false then, and they are false now.

‘Schumer and the Democrats keep trying to rig the rules of our elections by pushing failed, California-style election laws that invite chaos and fraud. That’s not what Americans want.’

Fox News Digital reached out to Schumer’s office for comment.

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