Aggregator

There was so much red on Lucas Herbert’s scorecard Friday it looked like it was bleeding during his British Open second round at Royal Birkdale.

Burnham Is Facing The Same Dilemma That Has Trapped British Politics Over The Past Decade

By Stefan Koopman, senior macro strategist at Rabobank

To Govern Is To Choose 

Today, Andy Burnham will formally be confirmed as Labour leader. Barring any last-minute surprises, he will become prime minister on Monday. The UK will then have had seven prime ministers in a decade, with five taking office without a general election: May in 2016, Johnson in 2019, Truss and Sunak in 2022, and now Burnham in 2026. 

We have often used these mid-term transfers to make the point that Brexit is like a monster devouring its babies. While we do think that this analogy is becoming increasingly stretched ten years after the vote, Brexit remains an important part of the UK’s story. It has contributed to weak productivity growth, subdued gains in real incomes and stagnant living standards, despite the explicit promise of sunlit uplands. The result is even more disappointment than before, and a never-ending search for a messiah who promises to restore rising prosperity. 

The macroeconomic backdrop helps explain why this search keeps ending in disappointment. The UK's problem increasingly appears to be one of supply rather than demand. In our forecasts for 2024-29, consumption growth never exceeds a paltry 1.2% per year, while per capita spending is broadly flat. Yet inflation remains above target in five of those six years. Weak demand alongside persistent inflation points at persistent supply-side constraints. 

This leaves Burnham facing a dilemma that has trapped much of British politics over the past decade. He inherits high public debt, elevated borrowing costs and weak growth, while demands on the state continue to rise from defence, net-zero and an ageing population. At the same time, investors are increasingly reluctant to finance ever-higher levels of current spending, fearing persistent inflation. That limits the scope for the traditional political response of boosting demand to generate a short-term feel-good factor. If Burnham wants to change the UK's economic trajectory in the run-up to the 2029 election, he will have to focus on expanding supply sooner than later. 

The problem is that expanding supply requires investment long before it delivers results. The UK needs more electricity generation and grid capacity if it wants to electrify industry, housing and transport. It needs more housing, infrastructure and business investment, which means overcoming planning constraints and local opposition. It needs greater labour supply in an economy still characterized by high inactivity and politically toxic immigration. And it needs both public and private capital directed to physical production after years of underinvestment. None of these bottlenecks can be removed quickly. 

For now, markets appear reassured by the expected composition of Burnham's government. The appointment investors feared most, Ed Miliband as Chancellor, appears to have been avoided. Shabana Mahmood is now reported to be the frontrunner for the Treasury. She is widely viewed as closer to Rachel Reeves in her approach to fiscal policy than Miliband is. 

At the same time, she has signalled support for a more active state where investment generates clear economic returns. That matters. If the UK's binding constraint is supply, then it will have to increase public investment. Expanding energy capacity, building housing, upgrading infrastructure and crowding in private capital all require the state to play a role. But higher investment spending cannot easily be layered on top of existing commitments in an environment of limited fiscal space. To create room for supply-enhancing investment, other areas of spending may ultimately face greater scrutiny. 

Markets welcomed this week the absence of a sharp turn to the left, but that alone does not solve the underlying growth problem. A supply-side agenda requires money, political capital, and time. Money remains scarce, with gilt yields near 5%. Political capital depreciates quickly. And recent British prime ministers have rarely been granted much time. If Burnham wants even a remote chance of changing the economic narrative before the 2029 election, he will have to make difficult decisions sooner rather than later. This may also mean testing his popularity with markets once the honeymoon period is over. To govern is to choose.

Tyler Durden Fri, 07/17/2026 - 09:40

Iranian strikes on Friday hit a power and water desalination plant in Kuwait, damaging one of the key sources of drinking water in the small desert nation.

The mom of 16 “almost feral” kids rescued from a feces-filled home was previously charged after six of her children failed to show up for school, according to court documents. 

Red and Blue are back, and they have a new friend or two!

Your bestseller starts here.

Afi wrestled Ric Flair to a stalemate in a one-hour time limit match for the NWA World Heavyweight Championship, to much fanfare.

Houston, We Have Shareholders

Submitted by QTR's Fringe Finance

SpaceX’s highly anticipated Starship test flight never made it off the pad Thursday evening. Instead, the launch was scrubbed after what appeared to be an automatic abort during engine startup, marking the first major operational disappointment since the company became publicly traded just weeks ago.

As of this writing, the company has not released a detailed explanation for what happened. SpaceX has only said there will be no launch today, that engineers will review the issue, determine the cause, and announce the next launch opportunity after completing their analysis. Until then, everything circulating online should be treated as speculation, not fact.

That hasn’t stopped launch watchers from dissecting the video frame by frame.

Several engineers and enthusiasts posting on X believe the booster triggered the abort after multiple Raptor engines failed to ignite properly. One widely shared theory suggests four engines in the center ring never achieved a successful startup sequence, while others have speculated that the new Raptor V3 engines may have a more demanding ignition process than previous versions. Those observations may ultimately prove correct, or they may prove completely wrong. At this point, nobody outside SpaceX knows.

But here’s what I know. What makes this different from every previous Starship launch is that SpaceX is no longer just a private engineering experiment. This is the company’s first Starship campaign as a publicly traded company, and that changes some things.

Before the IPO, a scrubbed launch was simply another engineering milestone…on the way to the company’s valuation doing this:

Investors weren’t watching every second because there were no public shareholders marking billions of dollars in value to market every afternoon. Now there are. Every countdown, every static fire, every launch, every anomaly and every explosion is effectively a public earnings report.

That’s simply the reality of being a public company.

I’ve argued repeatedly over the last several weeks that SpaceX’s valuation made very little sense. At one point investors briefly valued the company at well over $2 trillion before the shares gave back a substantial portion of those gains. The stock has now fallen below its $135 IPO price after peaking above $225 shortly after listing, leaving it down roughly one-third from its highs while still carrying an enormous valuation. It’s down another -3.8% after hours as of the time of this writing.

And look…my argument hasn’t been that SpaceX isn’t an extraordinary company, despite what some people argue when I’m being skeptical about valuation. It clearly is. My argument has been that no company deserves a valuation that assumes near perfection forever.

In fact, I’ve said more than once that SpaceX has the potential to become the pin that finally pops this market’s speculative bubble — and maybe even more than that. History is full of beloved companies that were wonderful businesses but terrible investments simply because investors paid absurd prices for them. The bond market seems to potentially agree with this sentiment.

Operational execution has always been the foundation of SpaceX’s story, but now it’s also the foundation of the stock. To be clear, one launch scrub means almost nothing by itself. Launch scrubs happen across the industry and are often the result of systems doing exactly what they’re supposed to do by preventing a launch under questionable conditions.

But now-public investors should not forget that Starship's development has been marked by a number of high-profile setbacks. The first integrated flight test in April 2023 lost control after failing to achieve stage separation and was intentionally destroyed by SpaceX's flight termination system. The second integrated test in November 2023 successfully achieved hot-stage separation for the first time, but both the Super Heavy booster and Starship upper stage were ultimately lost before completing their planned objectives.

Flight 7 in January 2025 ended with the loss of the Starship upper stage during ascent, and Flight 8 in March 2025 also resulted in the loss of the upper stage following another propulsion-system failure. More recently, Flight 12 in May 2026 suffered a significant setback when the Super Heavy booster failed during its return after multiple Raptor engines did not successfully relight. The Starship upper stage, however, continued its mission, deployed its test payloads, survived reentry and completed a controlled splashdown in the Indian Ocean.

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Every one of these flights produced valuable engineering data and moved the program forward, but they also served as reminders that developing the world's largest and most powerful launch system remains one of the most technically demanding challenges in aerospace. The difference now is that every one of those outcomes has immediate consequences for shareholders.

For years, SpaceX always had another exciting story to tell. Another funding round. Another valuation increase. Another government contract. Another Starlink milestone. Another private market markup.

Now the company has entered a different phase. It’s put up or shut up time. Public investors will increasingly want to see successful launches, expanding cash flow, continued Starlink execution and tangible evidence that the next phase of growth is materializing.

With the stock now trading below its offering price after a sharp post-IPO reversal, there’s still plenty of optimism embedded in the valuation despite the recent decline. The market may start to demand (at least some) demand execution instead of simply rewarding potential.

None of this means today’s scrub is the beginning of a larger problem. It may wind up being nothing more than a minor startup issue that engineers resolve in a matter of days.

But that’s precisely why it’s worth watching. From this point forward, every Starship launch is no longer just a rocket launch. It’s also a referendum on one of the largest and most expensive public companies in the world.

That dynamic didn’t exist a month ago. Now it does.

--

QTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.

This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions.

As of May 20, 2026 I personally no longer actively trade (read my story here). My investing/saving is done by recurring contributions mostly to sector ETFs and a few select equities, trusted third parties who oversee my accounts, and advisors. Such advisors or funds, through individual equities, options, index funds, mutual funds, ETFs, or other securities, may have positions in, exposure to, or holdings of names mentioned herein that I know nothing about. Basically, via index funds, ETFs and individual equities it is possible I could own, have exposure to, or not own anything at any point. As of the same date, May 20, 2026, in an attempt to lead a healthier lifestyle, I’ve also excluded myself from fantasy sports, sports betting, online and in-person casinos and prediction markets.

And all positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. If you see numbers and calculations of any sort, assume they are wrong and double check them. I failed Algebra in 8th grade and topped off my high school math accolades by getting a D- in remedial Calculus my senior year, before becoming an English major in college so I could bullshit my way through things easier.

The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.

Tyler Durden Fri, 07/17/2026 - 09:25

US Industrial Production Disappoints (Again) In June

US Industrial Production rose just 0.1% MoM in June (less than the 0.2% MoM rise expected), after also disappointing in May. That slowed the annual growth in production from 1.6% YoY to +1.1% YoY...

The recent blip higher in Capacity Utilization faded last month (76.1% vs 76.2% exp) with the down-trend seemingly still in tact...

If 'soft' survey data is in any way predictive of reality, then we should be seeing a sizable trend higher in industrial production...

...or maybe it's just another useless sentiment signal.

Tyler Durden Fri, 07/17/2026 - 09:21

Gilbert told her fans the reason she's not returning to the Hallmark Channel series.

Gilbert told her fans the reason she's not returning to the Hallmark Channel series.

Howie Gelfand, who partly inspired Jonah Hill’s character in the Martin Scorsese film "The Wolf of Wall Street," claims “They just made up things.” 

Howie Gelfand, who partly inspired Jonah Hill’s character in the Martin Scorsese film "The Wolf of Wall Street," claims “They just made up things.” 

It's Wayne's world; Priscilla is just living in it.

Whether you're betting on the World Cup, you can use the Fanatics Sportsbook promo code NYPOST26 to get up to $1k matched in FanCash.

It’s astounding what can change within three weeks of a 162-game season.

Historic NYC Church Torched In Confirmed Arson - City Rejects Save Plan As Demolition Ordered

Authored by Steve Watson via Modernity.news,

The FDNY has now confirmed what many suspected from the start: the massive fire that gutted the historic South Bushwick Reform Church in Brooklyn was intentionally set. The 1853 landmark, a Greek Revival structure that served generations of worshippers as both a house of faith and a community hub, is a total loss, and it will be completely torn down.

CBS New York reported the determination this week. Pastor James E. Steward II made clear the congregation never saw it coming.

"It was more than just a building. It's lives and generations of lives that have been touched," Steward said. "We have no known enemies."

CBS New York says the New York City Fire Department have come to the conclusion the historic Christian church recently set on fire was "intentionally set"

The South Bushwick Reform Church was built in 1863 and served generations of worshippers. It will be completely torn down... pic.twitter.com/npo7KfWQjV

— Wall Street Apes (@WallStreetApes) July 16, 2026

He added: "Now we understand it is intentional, which brings another layer of grief to myself, as well as the congregation and the community." And: "Whoever is responsible for this ultimately has to answer to God."

No arrests have been made. Investigators previously noted a person of interest seen fleeing the scene on video shortly before the June 19 blaze erupted. The three-alarm fire brought down the steeple and left the wooden structure irreparable in the eyes of city officials.

Yet the congregation and local supporters pushed to preserve what remained. An independent structural engineer assessed the site as sound enough for restoration efforts focused on the attached fellowship hall and surviving elements. The city's Department of Buildings rejected the plan. Demolition is set to begin in August. The agency is led by Commissioner Ahmed Tigani.

!!! NYC Department of Buildings rejects plan to save a 174-year-old church in Bushwick that burned via arson

Demolition is set to begin in August

Ahmed Tigani leads the agency pic.twitter.com/KbIwgu1vux

— End Wokeness (@EndWokeness) July 14, 2026

This is not an isolated loss. Just weeks earlier, a 138-year-old church in Astoria, Queens, suffered a devastating "mystery" fire in April. The city rejected proposals to rebuild. The structure was demolished two weeks later.

> 138 year old church in Astoria, NY

> is damaged by mystery fire in April

> the city rejects proposal to rebuild

> church is demolished 2 weeks later pic.twitter.com/JsXaNpemhw

— End Wokeness (@EndWokeness) July 14, 2026

The losses mirror those in Europe, where a spate of church attacks have occurred.

In France, nearly 50 fires or arson attempts hit churches and Christian sites in a single recent year - a sharp rise - with authorities recording a Christian religious building vanishing every two weeks through fire, collapse, or deliberate damage.

Recent examples include the June blaze that destroyed most of the roof at the 17th-century Chapelle Sainte-Anne-des-Rochers in Brittany and the gutting of the Église Saint-Cyriaque in Montenach.

 

Canada has seen the same. Historic churches have been reduced to ashes with causes left unresolved and little urgency from authorities.

In the UK, churches face routine attacks while official outrage is selectively applied. A historic London church burned to the ground amid government silence, even as leaders scrambled to respond to incidents involving other faith sites.

 

In New York the physical symbols of the city's Christian heritage are vanishing under official processes that prioritize teardown over preservation. The South Bushwick congregation is left raising what funds it can while the city bills the church for its own demolition and prepares the site for whatever comes next. The Astoria church is already gone.

These buildings stood for more than a century as anchors of community and continuity. Their rapid destruction, followed by bureaucratic refusal to allow rebuilding, fits a larger pattern playing out from Brooklyn to Quebec to provincial France. The foundations that built Western cities are being burned and demolished.

Tyler Durden Fri, 07/17/2026 - 08:55

“Bye Nonno,” Samantha wrote on her story.

A few words of caution before you start buying stocks.

Watch: Trump Reveals 'Shocking' Election Vulnerabilities Including 278,000 Fraudulent Voters

Update (2110ET): Trump has released several major election-related findings: 

• Mass declassification event - The White House just released previously classified Intelligence Community assessments and reports on election infrastructure spanning January 2020 through June 2026.
• Adversary capability finding - A quoted IC assessment states Russia, China, Iran, North Korea "at a minimum," plus non-state groups, have the capability to compromise U.S. election infrastructure.
• Weakest-link identification - Centralized data repositories (voter registration databases, pollbooks, official election websites) are assessed as the systems most vulnerable to exploitation and disruption.
• Venezuela proof-of-concept - CIA reporting allegedly detailed a Maduro-regime plot to digitally rig Venezuela's 2020 elections using methods that could alter vote totals undetectably "even with an audit."
• China's 220 million voter files - The PRC allegedly acquired 220 million U.S. voter files beginning in the 2020 cycle - framed as the largest election-data compromise in history - and assigned a dedicated data exploitation unit to it.
• Alleged intelligence cover-up - The document claims IC officials ("Deep State") suppressed knowledge of the China compromise from both the President and the public, despite the IC discovering it in 2020 across 18 states.
• Michigan registration fraud files - FBI documents allegedly show canvassers for a Democrat GOTV operation in Muskegon admitted forging registrations, registering nonexistent people, and receiving gift cards tied to application volume after a 2020 Michigan State Police raid.
• Enforcement directive - The release asserts the Biden DOJ slow-walked the Michigan case for years; FBI Director Patel is now directed to complete the investigation and pursue prosecutions with DOJ.
• 278,000 noncitizen registrants - A DHS review of voter rolls and public records allegedly identified ~278,000 noncitizens registered for federal elections, with the White House asserting the true number is higher because Democrat-led states withheld their files.
• Policy endgame and rolling campaign - The four pillars converge into an argument for Voter ID, proof of citizenship, and curtailing mail ballots, with a mailing list promising "new findings, new filings, and next steps" - signaling a serialized release-and-enforcement campaign rather than a one-time disclosure.

Watch:

The White House has published election integrity findings built around four pillars, accompanying a presidential address and a declassification of Intelligence Community assessments spanning January 2020 through June 2026. The pillars: (1) IC findings that Russia, China, Iran, North Korea, and non-state actors have the capability to compromise U.S. election infrastructure, with centralized data repositories - registration databases, pollbooks, election websites - assessed as most vulnerable; (2) an alleged CIA-reported Maduro-regime plot to digitally rig Venezuela's 2020 elections using methods undetectable "even with an audit," offered as proof-of-concept that electronic vote manipulation is possible; (3) China's alleged acquisition of 220 million U.S. voter files beginning in 2020 - framed as history's largest election-data compromise, complete with a dedicated exploitation unit - which the document claims "Deep State" intelligence officials concealed from both the President and the public; and (4) FBI files on a 2020 Muskegon, Michigan raid of a Democrat GOTV operation where canvassers allegedly admitted forging registrations for pay, a case the Biden DOJ purportedly slow-walked and which FBI Director Patel is now directed to investigate and prosecute. A DHS review claiming roughly 278,000 noncitizens on federal voter rolls rounds out the disclosures.

The findings describe foreign-held voter data, hackable machines, buried fraud evidence, and noncitizen (and "dead people") registrations against a system with no voter ID, no proof of citizenship, and mass mail balloting - while a mailing list promising "new findings, new filings, and next steps" signals a serialized campaign with litigation or enforcement actions queued behind the document drops. 

Update: According to the NY Post's Caitlin Doornbos, Trump is expected to reveal at least 278,000 noncitizens who are registered to vote in US federal elections - a figure arrived at by the Department of Homeland Security in an upcoming report. 

This is what Kamala Harris had to say prior to President Trump’s speech. pic.twitter.com/qBMean2VJm

— Breaking911 (@Breaking911) July 17, 2026

* * *

President Donald Trump is expected to use a prime-time address Thursday night to discuss election integrity and potentially unveil 'four sets' of newly declassified intelligence concerning alleged foreign interference in recent U.S. elections, according to reports.

MSNBC; Getty Images

Trump is scheduled to address the nation at 9 p.m. ET tonight - only revealing that it would focus on election security and related concerns.

"Our country has to shape up," Trump said during an Oval Office appearance with Iraqi Prime Minister Ali al-Zaid. "Without free and fair elections, you don't have a country."

Journalist Paul Sperry reported on X that the address could include allegations that U.S. intelligence and law-enforcement agencies recently uncovered evidence of foreign interference involving China - not Russia - in recent elections, including the 2020 presidential contest.

Citing an unnamed administration source who had reportedly reviewed a draft of Trump's speech, Sperry claimed the evidence includes allegations that Chinese actors penetrated state voter-registration databases and obtained information concerning tens of thousands of voters.

According to Sperry, officials believe the stolen information may have been intended for use in manufacturing fraudulent mail-in ballots supporting Joe Biden. He also claimed that CIA Director John Ratcliffe and FBI Director Kash Patel would appear with Trump or otherwise certify the evidence presented by the administration.

Flashback: Chuck Grassley reveals records showing the FBI spiked a Chinese election interference probe

The documents were reportedly drawn from previously undisclosed or suppressed FBI, CIA, and ODNI records. Sperry's source alleged that the intelligence had been buried as part of a broader effort to conceal Beijing's cyber capabilities and influence operations.

The "really big news" President Trump plans to announce in Thursday's primetime address, according to an administration source who's read a draft of his speech, includes bombshell evidence China interfered in the 2020 election to help Joe Biden win, including hacking into state voter registration databases and stealing information on tens of thousands of voters ostensibly to manufacture mail-in ballots for Biden.

The evidence, which details "alarming vulnerabilities" of election infrastructure, is based on four (4) sets of declassified documents (set for release Friday) which were recently unearthed from suppressed FBI, CIA and ODNI records, according to the well-placed source. The intelligence had been buried in a "massive cover-up" of Beijing's hacking capabilities and influence operations aimed at supporting Biden.

Other vulnerabilities compromising the U.S. election system, according to a draft of the president's speech, include the existence of more than 100,000 non-citizens, including illegal immigrants, on voter rolls. -Paul Sperry

The source characterized the alleged penetration of the 2020 election system as more extensive than the Russian interference described by U.S. officials following the 2016 election.

So here's what we're learning from all these declassified materials: The US Intelligence Community *juiced* intel to make it seem like Moscow interfered in the 2016 election to help Trump, but then *buried* intel indicating Beijing interfered in the election to help Biden in 2020

— Paul Sperry (@paulsperry_) July 14, 2026

The expected disclosures reportedly concern vulnerabilities in state election infrastructure, including voter-registration databases, identity verification, mail-in voting, and ballot security.

//--> //--> //--> Will Trump accuse China of election interference by July 16?
Yes 40% · No 61%
View full market & trade on Polymarket

Sperry also reported that a draft of Trump's address references more than 100,000 noncitizens - including people living in the country illegally - appearing on voter rolls. It was not immediately clear which states or databases were included in that figure, how the administration calculated it, or whether all the registrations were active.

Administration Expands Election Integrity Campaign

The address comes as the Trump administration and congressional Republicans intensify their efforts to change federal election policy before the midterms.

Earlier in July, Trump fired members of the bipartisan Election Assistance Commission, the federal agency that assists state and local election officials and oversees the certification of voting systems. The administration has also pursued the creation of a nationwide database of eligible voters and expanded citizenship-verification efforts. Several of those initiatives have encountered resistance in federal court. On June 25, a federal district judge in Massachusetts sided with states challenging the administration's voter-list initiative, ruling that the Constitution leaves states with significant authority over elections. Meanwhile, a federal judge in Washington blocked an updated citizenship-verification database the following day, finding that the program conflicted with federal privacy and Social Security laws.

Then on July 7, a federal judge in Georgia quashed Justice Department subpoenas seeking information about election workers involved in Fulton County's administration of the 2020 election.

Harmeet Dhillon, who leads the Justice Department's Civil Rights Division, has also sent letters to election officials in all 50 states and the District of Columbia. The letters warned that officials could face criminal liability if they knowingly allow ineligible noncitizens to remain on voter rolls.

Democrats, Of Course, Freak Out

Democratic lawmakers are of course in full-on panic mode over the 2020 claims, suggesting that Trump could use the address to revive disputed allegations about the 2020 election or justify new federal intervention in the midterm election process.

Sen. Mark Warner of Virginia, the ranking Democrat on the Senate Intelligence Committee, questioned whether the administration could possess significant new intelligence that had not previously been provided to congressional overseers. Warner told the Epoch Times; "having been deeply involved with the intelligence community for the last decade plus, I would be shocked if there was some major new piece of intelligence that never was shared." He also warned against using questionable or selectively presented intelligence as the basis for government action affecting elections.

Senate Minority Leader Chuck Schumer of New York said Democrats were preparing for several possible scenarios involving the address and the administration's next steps.

Sperry separately reported that the White House had encountered resistance from the three major broadcast television networks over requests to carry the address live. He attributed the hesitation to concerns that the speech might repeat claims that the 2020 election was stolen.

The networks' plans and the White House's reported discussions with them had not been publicly confirmed.

Trump has described the forthcoming announcement as "really big news." Whether the address produces verifiable new evidence - or intensifies the existing partisan conflict over election administration - will likely depend on the contents, sourcing, and independent authentication of any documents released by the government.

SAVE America Act Remains Stalled

Trump has repeatedly called on Congress to approve the Republican-backed SAVE America Act, which would require documentary proof of citizenship when registering to vote and photo identification when casting a ballot.

The legislation passed the House but has stalled in the Senate, where most bills need 60 votes to overcome a filibuster. Republican leaders have considered incorporating similar provisions into a third budget-reconciliation package. The reconciliation process would allow legislation to pass the Senate with a simple majority, although provisions must comply with rules requiring them to have a direct effect on federal spending or revenue.

The Senate parliamentarian previously determined that certain SAVE America provisions did not comply with those restrictions. House Republicans released a $95 billion framework for the reconciliation package on July 15. The proposal could include federal funding to help states establish voter-identification requirements.

The House Budget Committee scheduled a markup of the legislation for July 16. Committee Chairman Jodey Arrington of Texas said the package would help protect the integrity of U.S. elections.

Tyler Durden Fri, 07/17/2026 - 08:44