Category: News
Trump Urges Adoption Of Single Federal Standard On AI Regulation
Trump Urges Adoption Of Single Federal Standard On AI Regulation
Authored by Aldgra Fredly via The Epoch Times,
President Donald Trump said the United States should adopt one federal standard for governing artificial intelligence (AI), saying it’s important for the United States to stay ahead of China in the race for AI dominance.
In a Truth Social post on Nov. 18, Trump said the United States needs a single AI standard rather than “a patchwork of 50 state regulatory regimes,” warning that state-level rules are stifling the country’s AI growth.
“Investment in AI is helping to make the U.S. Economy the ‘HOTTEST’ in the World, but overregulation by the States is threatening to undermine this Major Growth ‘Engine’,” he wrote.
Trump said some states tried to “embed DEI ideology into AI models,” producing what he described as “woke AI.” DEI refers to diversity, equity, and inclusion.
“If we don’t, then China will easily catch us in the AI race. Put it in the NDAA, or pass a separate Bill, and nobody will ever be able to compete with America,” he stated, referring to the National Defense Authorization Act.
His statement came amid reports that House Republican leaders were planning to include language in the NDAA that would prevent states from regulating AI.
Florida Gov. Ron DeSantis has opposed the plan, saying that stripping states of AI regulatory power would be “a subsidy to Big Tech” and would block states from “protecting against online censorship of political speech, predatory applications that target children, violations of intellectual property rights, and data center intrusions on power/water resources.”
“The rise of AI is the most significant economic and cultural shift occurring at the moment; denying the people the ability to channel these technologies in a productive way via self-government constitutes federal government overreach and lets technology companies run wild. Not acceptable,” DeSantis stated on X.
AI Dominance Pursued
Since taking office on Jan. 20, Trump has pursued policies aimed at securing U.S. dominance in AI development, including efforts to remove regulatory barriers on AI developers.
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The White House’s “AI Action Plan,” released in July, states that the country seeks to build “the most powerful AI systems in the world,” and recommends that the federal government block AI-related funding to states with AI regulations.
“AI is too far important to smother in bureaucracy at this early stage, whether at the state or Federal level. The Federal government should not allow AI-related Federal funding to be directed toward states with burdensome AI regulations that waste these funds, but should also not interfere with states’ rights to pass prudent laws that are not unduly restrictive to innovation,” it stated.
In July, Trump signed an executive order targeting what he called “woke AI.” The order directs federal agencies to procure only large language models that are “truth-seeking” and politically neutral—AI models that the administration deems “do not manipulate responses in favor of ideological dogmas such as DEI.”
Tyler Durden
Wed, 11/19/2025 – 14:25
https://www.zerohedge.com/ai/trump-urges-adoption-single-federal-standard-ai-regulation
Merrillville renames facilities for two women
The Merrillville School Board voted Tuesday to name two facilities after trailblazing women connected to the district.
A special education center inside its own wing at Pierce Middle School will be called the Judy C. Dunlap Pirate Academy and sports fields and tennis courts on the high school’s athletic campus will honor retired athletic director Janice Qualizza.
The Merrillville School Board voted Tuesday to name the high school’s athletic outside sports complex after former athletic director Janice Qualizza, seen here in 2023 when she was honored at her retirement. (Carole Carlson/Post-Tribune)
Dunlap, who’s a school board member, started her education career as a special education teacher in 1987. She later became a dean and principal in the Gary Community School Corp.
Dunlap is the first Black resident elected to the school board and later became the first Black woman elected president of the board.
She also served on the Northwest Indiana Special Education Cooperative board.
Superintendent Dexter Suggs cited Dunlap’s “unwavering commitment to all students,” in recommending the honor.
He said it would be a lasting reminder of her contributions in fostering opportunities for all students.
Qualizza, who retired in 2023, served as Merrillville High’s athletic director for 45 years. She was Indiana’s third woman athletic director.
She ushered in an era of top-grade athletic facilities that totaled about $54 million. They included a gym, swimming pool, 10 tennis courts, a track, soccer field, baseball and softball fields and a clubhouse.
The Demaree football stadium opened in 1992 but received a major upgrade in 2008 that included an artificial turf field, training, film, and shower rooms.
Qualizza was inducted into the Indiana Sports Hall of Fame in 2022.
Suggs said she played an instrumental role in shaping and advancing Merrillville’s athletic program.
“It fostered community pride and left a lasting legacy that positively influenced coaches and athletes.”
Suggs said the district is planning a dedication ceremony honoring the two women next year.
In other business, Rob Moore, who represented the Indiana Department of Workforce Development, presented a program of excellence award to Merrillville’s adult education program.
Former director Sherri Green, who recently retired, accepted the award along with new director Hollenda Jeha and staff members.
Moore cited Merrillville for exceeding its enrollment in the 2024-25 school year; improving its measurable skill gains to 69% and exceeding its number of graduates from 19 to 22.
He said 65 students earned industry-recognized credentials and a workforce education initiative drew 45 students.
The board also approved the Skillman Corp., of Merrillville, as its construction management vendor and Gibraltar Design, of Indianapolis, as its architect for the renovation of the first floor at Merrillville High.
The project includes the conversion of the current cafeteria into a culinary arts learning center for CTE students.
Suggs said the district would await cost and design options from the two vendors before finalizing contracts.
Carole Carlson is a freelance reporter for the Post-Tribune.
https://www.chicagotribune.com/2025/11/19/merrillville-renames-facilities-for-two-women/
Rookie QB Shedeur Sanders will make his 1st NFL start for Cleveland Browns on Sunday in Las Vegas
BEREA, Ohio — Las Vegas seems like the perfect place for Shedeur Sanders’ first NFL start.
The Cleveland Browns quarterback with the Hall of Fame father, bright smile and huge fan base will start Sunday in arguably America’s glitziest city against the Raiders as the Browns turn to him while fellow rookie Dillon Gabriel recovers from a concussion.
Sanders replaced an injured Gabriel for the second half of last week’s 23-16 loss to the Baltimore Ravens. It was a shaky debut as Sanders, who was drafted in the fifth round, completed just 4 of 16 passes with an interception. He also was sacked twice and fumbled once.
Browns coach Kevin Stefanski said Wednesday that Gabriel remains in the concussion protocol but is improving.
Sanders was fourth on the depth chart during training camp, behind Kenny Pickett, Joe Flacco and Gabriel. But the Browns, who have spent decades in search of a franchise QB, traded both Pickett and Flacco before starting Gabriel in six games.
Sanders will be the 42nd quarterback to start for the Browns since 1999, and the 18th rookie. They’ve gone 0-17 in their debuts.
Sanders, the son of Hall of Fame cornerback and current Colorado Buffaloes coach Deion Sanders, had been projected as a first-round pick in April’s draft. However, all 32 teams passed on the Colorado standout before the Browns selected him with the No. 144 pick, two rounds after they took Gabriel.
While Sanders was playing his first regular-season game on Sunday, his home was burglarized. The Medina County Sheriff’s Office said three suspects wearing masks and gloves stole approximately $200,000 in property from the QB’s residence.
Sanders was forced into action against the Ravens after Gabriel was ruled out at halftime. The crowd in Cleveland roared when he took the field, and there were loud cheers for his completion. Sanders did not take any snaps with the Browns starting offense since being drafted, and it showed.
He held onto the ball too long — a problem when he was in college — as the Ravens forced him out of the pocket. Sanders did make a couple of nice throws while trying to rally the Browns (2-8) in the closing moments and nearly threw a game-tying touchdown pass.
Afterward, Sanders was tough while grading his performance.
“I don’t think I played good — at all,” Sanders said. “It’s a lot of things we need to look at during the week and go and just get comfortable.”
On Wednesday, Stefanski complimented Sanders’ resolve.
“Obviously he battled to the end,” he said. “We’re right there on that final drive. There’s so many things that all of us can do better in those moments so we can finish with a win but, man, all of our guys and then definitely Shedeur, they battled to the end.”
Stefanski said Sanders will get all the first-team reps in practice this week. The Browns had been criticized in some circles for not having the backup QB better prepared for his debut.
https://www.chicagotribune.com/2025/11/19/shedeur-sanders-cleveland-browns-first-start/
Northwestern Medicine receives $25 million from Kent and Liz Dauten for behavioral health
Northwestern Medicine has received a $25 million donation from Kent and Liz Dauten and their family foundation to create a new behavioral health institute.
The Northwestern Medicine Dauten Behavioral Health Institute will aim to better coordinate care and improve screening of patients, and will focus on novel diagnostic and treatment approaches across the Northwestern system. It will also include programs for patients with complex diagnoses and disorders. Its first major initiative will be a Bipolar Disorder Center of Excellence, which will focus on providing high quality care and accelerating research into treating patients with the disorder.
“Our family’s philanthropy has prioritized the field of brain science and mental health where there is an explosion in demand for care and an urgent need to find better treatments,” Kent Dauten said in a news release, adding that he’s excited for the collaboration with Northwestern. Dauten is the chairman of Chicago-based investment firm Keystone Capital.
Dr. Howard Chrisman, president and CEO of Northwestern Memorial HealthCare, said in the news release that the gift “marks a turning point in our ability to deliver world-class behavioral health care.”
Demand is increasing for behavioral health services across the country, as the prevalence of behavioral health disorders in the U.S. grows, according to the National Academies of Sciences, Engineering, and Medicine. Nearly half of Americans will experience a behavioral health condition — which can include mental health disorders and substance use disorders — in their lifetimes, according to the U.S. Department of Health and Human Services Office of Inspector General. In 2021, fewer than half of adults with a mental health issue were able to get timely care, according to the National Academies.
More to come.
https://www.chicagotribune.com/2025/11/19/northwestern-medicine-ken-liz-dauten/
FOMC Minutes Expose Fractured Fed; “Many” See No Tariff Inflation, “Several” Fear Disorderly Drop In Stocks
FOMC Minutes Expose Fractured Fed; “Many” See No Tariff Inflation, “Several” Fear Disorderly Drop In Stocks
Since the last FOMC meeting (Oct 29th), gold is the best performing asset (along with the dollar) as bonds, stocks, and oil are all down notably…
Source: Bloomberg
Rate-cut odds for the December meeting continued to tumble after Powell’s hawkish comments (and the follow-up FedSpeak). Today saw BLS confirm no more payrolls data before the next Fed meeting and that pushed expectations even more hawkishly lower…
Source: Bloomberg
As a reminder, The Fed cut rates by 25bps in the October meeting to 3.75-4.00%, with two dissenters: 1 hawkish (Schmid) and 1 dovish (Miran). Other non-voters have been out recently suggesting they did not support a cut.
While markets have made up their minds on the rate-cut decision, as we noted earlier, we’ll be watching for color on the hawk/dove split; but, most eyes will be on discussions around The Fed’s balance sheet (the end of QT) and the level of reserves being somewhere between ‘abundant’ and ‘ample’.
So, what does The Fed want us to know it was thinking during the meeting?
Key headlines from the Minutes:
On the rate-cut decision, there is a hawkish bias (‘Several’ is less than ‘many’)
*FED: `SEVERAL‘ SAID DECEMBER CUT `COULD WELL BE’ APPROPRIATE
Several participants said another cut in December “could well be appropriate in December if the economy evolved about as they expected” before the next meeting.
*FED: `MANY‘ SAW DECEMBER RATE CUT AS LIKELY NOT APPROPRIATE
“Many participants suggested that, under their economic outlooks, it would likely be appropriate to keep the target range unchanged for the rest of the year,” the minutes said.
On the labor market:
“Most participants suggested that, in moving to a more neutral policy stance, the Committee was helping forestall the possibility of a major deterioration in labor market conditions.”
But… the hawks are here too:
“Most participants noted that, against a backdrop of elevated inflation readings and a very gradual cooling of labor market conditions, further policy rate reductions could add to the risk of higher inflation becoming entrenched or could be misinterpreted as implying a lack of policymaker commitment to the 2 percent inflation objective.“
Fed Balance Sheet/QT:
The minutes also showed that “almost all participants” thought it appropriate to halt the runoff of securities from the Fed’s balance sheet on Dec. 1, or could support that decision.
Officials have been shrinking the balance sheet since mid-2022 and decided at the October meeting to end that process next month.
Some market participants have worried the Fed is waiting too long to stop the runoff, allowing liquidity pressures to create volatility in overnight funding rates.
Treasury/Reserves:
Many participants indicated that a greater share of Treasury bills could provide the Federal Reserve with more flexibility to accommodate changes in the demand for reserves or changes in nonreserve liabilities and thereby help to maintain an ample level of reserves
Several participants noted that a greater share of Treasury bills could increase flexibility for future monetary policy accommodation without having to raise the level of reserves.
The majority of participants indicated that a larger share of Treasury bills would also reduce Federal Reserve income volatility.
On AI/Valuations:
Some participants commented on stretched asset valuations in financial markets, with several of these participants highlighting the possibility of a disorderly fall in equity prices, especially in the event of an abrupt reassessment of the possibilities of AI-related technology.
A couple of participants cited risks associated with high levels of corporate borrowing.
Finally, and perhaps the most notable line was with regard to inflation:
Simply put, the Minutes suggest that tariff inflation is no longer a pressing concern…
“Many of these participants also judged that, with more evidence having accumulated that the effect on overall inflation of this year’s higher tariffs would likely be limited, it was appropriate for the Committee to ease its policy stance in response to downside risks to employment.”
…which helps explain why so “many” of The Fed are increasingly focused on jobs.
Read the full Minutes below:
Tyler Durden
Wed, 11/19/2025 – 14:05
Thanksgiving guide: Where to get meals, pies and wine, plus a look at holiday shows
Thanksgiving is right around the corner, and if you’re still finalizing plans for the big day, we have everything you need to know about where to get Thanksgiving mains and sides, pies and desserts, and what wine to pair with it all. Plus, read up on the history of the Chicago Thanksgiving Parade.
Looking forward to the rest of the holiday season, we have a guide to 50 holiday concerts and shows to enjoy in the coming weeks, as well as our top 10 picks for theater on our local stages.
Thanksgiving 2025: 70 Chicago restaurants offering dine in or take out holiday meals
Thanksgiving at Di Pescara. (Anjali Pinto)
Preparing Thanksgiving dinner can be an enormous hassle, but you can remove much of the stress by picking up a ready-made meal from a Chicago restaurant or even a version where most of the work is done for you and you just have to roast the bird. Read the story by Samantha Nelson here.
Thanksgiving 2025: 35 Chicago restaurants and bakeries offering pies and dessert
Pie from Buck Russell’s Bakery & Sandwich Shop. (Ballyhoo Hospitality)
If you’re in charge of satisfying sweet tooths, you don’t have to stress out about baking. Chicago area restaurants and bakeries are offering Thanksgiving pies that will provide the perfect end to your meal, whether you’re sticking to the classics, looking to dazzle with something novel, or catering to diners with dietary restrictions. Read the story by Samantha Nelson here.
Thanksgiving wines made simple: 3 Chicago pros, 9 picks, 1 easy guide
The Brotte La Marasque Gigondas. (Maison Brotte)
When it comes to choosing wine to share with family and friends, it’s hard not to feel overwhelmed by options. The picks in our guide sit between $20 and $35 — not cheap — but a sweet spot where value and character intersect. Read the story by Anna Lee Iijima here.
Vintage Chicago Tribune: Thanksgiving Parade
Shoppers on Christmas Eve in 1935 paused at State and Madison Streets to listen to horse-drawn carolers that were making a tour of the Loop. The carols were sung by musicians on a wagon drawn by the famous six horse team of Wilson & Co. (Chicago Tribune historical photo) dated Dec. 24, 1935.
In 2024, Chicago’s Thanksgiving Parade turned 90. We looked back at milestones of this popular event, which ushers in the holiday season. Read the story by Kori Rumore and Marianne Mather here.
Top 50 holiday concerts and shows in Chicago, from Cirque du Soleil to ‘Holly Dolly Christmas’
The Kinjaz Dance Crew in “‘Twas the Night Before” by Cirque du Soleil, coming to the Chicago Theatre. (Kyle Flubacker)
’Tis the season when Chicago’s stages give way to Ebenezer Scrooges, George Baileys and Nutcracker princes — plus, the sounds of klezmer, flamenco, bluegrass and Motown. Read the story by Emily McClanathan here.
Top 10 holiday shows in Chicago for 2025: Are you Scrooge, George Bailey or Jinkx this year?
Audrey Billings, Brandon Dahlquist, Michael Mahler and Dara Cameron in “It’s a Wonderful Life: Live in Chicago!” by American Blues Theater in 2023. (Michael Brosilow)
From the many shows on Chicago stages for the holidays, many of them familiar, we make our list of the 10 best bets this year. Read the story by Chris Jones here.
https://www.chicagotribune.com/2025/11/19/thanksgiving-guide-2025/
Army Announces Next Steps On Janus Program For Next-Generation Nuclear Energy
Army Announces Next Steps On Janus Program For Next-Generation Nuclear Energy
As part of next steps for the Janus Program, the Department of Army said that it has selected nine installations for consideration in which to site microreactor power plants, and the Defense Innovation Unit released an Area of Interest to solicit commercial solutions for advanced nuclear power technologies.
The Janus Program, the Army’s next-generation nuclear power program, aims to deliver secure, resilient, and reliable energy to support national defense installations and critical missions in accordance with EO 14299 Deploying Advanced Nuclear Reactor Technologies for National Security. In partnership with the Defense Innovation Unit (DIU), the program will build commercial microreactors through a milestone-based contracting model to accelerate delivery of advanced energy solutions to the warfighters.
Janus Program Site Selection
The Army identified nine sites through comprehensive analysis and on-site assessment to identify optimal locations for initial deployment. The process evaluated mission critical installations, energy requirements and resiliency gaps, power infrastructure, environmental and technical considerations. These sites mark the first step in expanding national energy resilience through next-generation nuclear technology. Listed in alphabetical order, the selected sites are:
Fort Benning
Fort Bragg
Fort Campbell
Fort Drum
Fort Hood
Fort Wainwright
Holston Army Ammunition Plant
Joint Base Lewis-McChord
Redstone Arsenal
While the final number and location for these microreactors on Army installations will be determined as part of the acquisition process, the Army is committed to maximizing the number of sites based on technical feasibility, site suitability, and available resources.
“These early site selections align with the Department of War’s goal of accelerating the pace of deploying on-site nuclear generation at our installations,” said HON Jordan Gillis, Assistant Secretary of the Army for Installations, Energy and Environment. “Through the use of the Army’s unique nuclear regulatory authorities, we are deploying a resilient, secure, and reliable energy supply for critical defense operations and in support of the most lethal land-based fighting force in the world.”
Microreactor power plants represent a significant technological advancement, in safety, security and waste management. They are safe by design, not by intervention protocols. The Janus Program is leveraging the Department of Energy and its network of National Labs to ensure the appropriate expertise is applied to the evaluation of proposed designs, operational plans, and emergency preparedness plans.
The rollout of Janus technology will occur in stages as the Army validates lessons learned and ensures safe, efficient implementation. These projects will be self-contained and protected appropriately. All projects will comply with the applicable federal, state, and local regulations, and leverage the safety features inherent in next-generation reactor designs. We do not anticipate any significant impact to installation land use.
The Army shares a commitment to public safety and transparency with our host communities and recognizes that the communities surrounding these installations have vested interest in their operations. Specific timelines for each location will be announced in future updates, as the team cooperates with military installations, residents, and the surrounding communities to keep all stakeholders informed. The Army is committed to providing transparent information throughout the planning process and welcomes public engagement and feedback.
Defense Innovation Unit Area of Interest
The Army has executed a Memorandum of Agreement with the DIU to utilize its Commercial Solutions Opening (CSO) process and Other Transaction Authority (OTA) to begin the solicitation process which will result in awarding select vendors Other Transactions (OTs) to execute on the Janus Program goals. An Area of Interest (AOI) notification has been released via DIU’s website https://www.diu.mil/work-with-us/open-solicitations to solicit industry concepts for deployment of advanced nuclear technologies. The AOI will gather technical and operational information from industry regarding deployment and use of microreactors on military installations to begin the CSO process.
“We’ve established a great partnership with the U.S. Army. DIU is ready and excited to leverage our rapid CSO process to execute the Janus Program in collaboration with our government and industry partners,” said DIU Energy Portfolio Director, Dr. Andrew Higier. “This collaboration will deliver advanced nuclear energy to Army installations, ensuring their most critical missions always have resilient and ready power.”
“The Janus Program is taking its first step toward pairing specific nuclear reactor designs to specific U.S. Army installations,” said Dr. Jeff Waksman, Principal Deputy Assistant Secretary of the Army for Installations, Energy and Environment. “We will move to bending metal as quickly as possible, leveraging the enormous amount of technical talent gathered to execute this program.”
The release of the AOI and site selection demonstrate the Janus Program’s accelerated pace for the revitalization of American industrial capacity and technological leadership. By prioritizing the optimal installations to initially support microreactor power plants and working with industry to efficiently deploy next generation nuclear capabilities on our installations, these initiatives represent a substantial investment in the future of energy security for the Army and the Nation.
Tyler Durden
Wed, 11/19/2025 – 13:45
UEFA aprueba el regreso del Barcelona al Camp Nou para partido de Champions contra Frankfurt
Associated Press
BARCELONA, España (AP) — El próximo partido de la Liga de Campeones de Barcelona en casa será en el renovado estadio Camp Nou con capacidad parcial.
El club anunció el miércoles que recibirá al Eintracht Frankfurt en el recinto el 9 de diciembre en la fase de liga de la competición europea. Se espera que estén disponibles unas 45.000 entradas.
Barcelona dijo que la UEFA aceptó la solicitud del equipo para regresar al Camp Nou, “considerando que se han cumplido todos los requisitos necesarios”. El club necesitaba una exención del organismo rector del fútbol europeo, ya que las regulaciones establecen que los equipos deben usar el mismo estadio para los cuatro partidos en casa en la fase de liga.
“Barcelona se complace en poder competir nuevamente en su estadio y continuar avanzando en el proyecto de transformación integral del nuevo Spotify Camp Nou”, afirmó el club.
Barcelona anunció el lunes que su partido de la liga española contra el Athletic Bilbao, el sábado, será el primero en el Camp Nou desde que comenzó a mejorar el estadio en junio de 2023 para expandir la capacidad del mayor recinto de fútbol de Europa de 99.000 a 105.000. Solo se permitirán 45.401 aficionados contra el Athletic.
Más de 20.000 aficionados pagaron para ver al equipo practicar en el Camp Nou el 7 de noviembre.
El club, altamente endeudado, aseguró 1.450 millones de euros (entonces 1.600 millones de dólares) de múltiples inversores para llevar a cabo el proyecto.
Barcelona había planeado originalmente volver a jugar en el recinto tan pronto como en noviembre de 2024 para coincidir con el 125 aniversario del club. El equipo ha jugado en el Estadio Olímpico de 55.000 asientos, de propiedad municipal, desde el inicio de la temporada 2023-24.
Otro retraso este verano llevó al club a apresurarse para celebrar un partido de la liga española en el estadio de 6.000 asientos ubicado en sus campos de entrenamiento en las afueras de la ciudad en septiembre.
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Deportes en español AP: https://apnews.com/hub/deportes
Trump nomina a nuevo director para oficina de Protección del Consumidor pese al cierre de la agencia
Por KEN SWEET
NUEVA YORK (AP) — El presidente Trump nominó a Stuart Levenbach como el próximo titular de la Oficina de Protección Financiera del Consumidor, utilizando una maniobra legal para mantener a su jefe de presupuesto, Russell Vought, como director interino de la agencia mientras la Casa Blanca continúa con su plan de cerrar la dependencia de protección al consumidor.
Levenbach funge actualmente director asociado en la Oficina de Administración y Presupuesto y está encargado de asuntos relacionados con recursos naturales, energía, ciencia y temas de agua. El currículum de Levenbach muestra una amplia experiencia en el manejo de temas científicos y de recursos naturales, actuando como jefe de despacho de la Oficina Nacional de Administración Oceánica y Atmosférica de Estados Unidos (NOAA, por sus siglas en inglés) durante el primer mandato de Trump.
La nominación de Levenbach no está destinada a pasar por el proceso de confirmación, de acuerdo con un funcionario gubernamental que habló bajo condición de anonimato a fin de discutir asuntos de personal. La Ley de Vacantes establece que Vought únicamente puede actuar como director interino durante 210 días, pero ahora que Trump ha nominado a alguien para ocupar el cargo, ese reloj queda suspendido hasta que el Senado apruebe o rechace la confirmación de Levenbach como director. Vought es el jefe de Levenbach.
La Oficina de Protección Financiera del Consumidor (CFPB por sus iniciales en inglés) ha estado sin operar durante gran parte del año. A muchos de sus empleados se les ha ordenado no desempeñar sus funciones, y el único trabajo significativo que realiza la agencia es desmantelar las regulaciones y reglas que implementó durante el primer mandato de Trump y durante la presidencia de Joe Biden.
Como director interino, Vought ha indicado su deseo de desmantelar, o disminuir considerablemente la operación de la oficina.
El más reciente golpe contra la dependencia ocurrió a principios de este mes, cuando la Casa Blanca anunció que no planea retirar fondos de la Reserva Federal, que es de donde la oficina obtiene su financiamiento, para financiar a la agencia más allá del 31 de diciembre. La Casa Blanca y el Departamento de Justicia utilizaron una interpretación legal de la ley que creó la oficina, la Ley Dodd-Frank, que establece que la Fed debe ser rentable para financiar las operaciones de la CFPB. Varios jueces han rechazado este argumento cuando fue presentado por empresas, pero nunca había sido la posición del gobierno hasta este año.
“El hecho de que Donald Trump envíe al Senado a un nuevo nominado para liderar la CFPB no parece ser más que una fachada para que Russ Vought permanezca como director interino indefinidamente mientras intenta cerrar ilegalmente la agencia”, señaló la senadora Elizabeth Warren, la demócrata de mayor rango en la Comisión Bancaria del Senado
La oficina fue creada después de la crisis financiera de 2008 como parte de la Ley Dodd-Frank, la cual fue aprobada para reformar el sistema financiero y exigir a los bancos que mantengan más capital para evitar otra crisis financiera. La CFPB se estableció para ser un defensor independiente de los consumidores, ayudándolos a evitar a actores malintencionados en el sistema financiero.
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Esta historia fue traducida del inglés por un editor de AP con la ayuda de una herramienta de inteligencia artificial generativa.
Ugly, Tailing 20Y Auction Sees Slide In Bid To Cover, Foreign Demand, As Directs Soar To Record
Ugly, Tailing 20Y Auction Sees Slide In Bid To Cover, Foreign Demand, As Directs Soar To Record
In this week’s lone coupon auction, which just happens to print an hour before the release of the October FOMC minutes, moments ago the US sold $16BN in 20Y bonds at a high yield of 4.706%, up 20bps from 4.507% last month and the highest since August. The auction also tailed the When Issued 4.704% by 0.2bps, the first tail since June.
Everything else about the auction was ugly too: the bid to cover slumped from 2.73 to just 2.41, the lowest since November 2024, and far below the six auction average of 2.66.
The internals were just as ugly, with Indirects sliding to 59.5% from 63.6% and the lowest since Feb 2024 (clearly far below the recent average of 65.3%). And with Directs stepping up aggressively, and awarded 29.1%, up from 26.3%, and the highest on record…
… Dealers were left with 11.4%, the highest since August.
Overall, this was a piss poor auction and yet thanks to the broader risk off tone during today’s session, one which has seen beatcoin tumble below $89K, 10Y yields barely budged and are still trading lower on the session.
Tyler Durden
Wed, 11/19/2025 – 13:40
