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Japan Advances Rare Earths Ambitions with World’s First Seabed Trial

Japan announced that it has successfully retrieved mineral-rich seabed sediment from nearly 6,000 meters below the ocean’s surface near the remote island of Minamitorishima.

Officials say the technical milestone could help reduce the country’s dependence on China.

The work was carried out by deep-sea drilling vessel Chikyu, which collected the sediment as part of a government-backed test program aimed at assessing the feasibility of mining rare-earths-bearing mud from the deep ocean.

According to Japan’s Agency for Marine-Earth Science and Technology, Chikyu departed last month for Minamitorishima — about 1,950 kilometers southeast of Tokyo — and arrived at the test site on January 17.

The first batch of sediment was recovered on February 1.

“It is a first step toward industrialization of domestically produced rare earth in Japan,” Prime Minister Sanae Takaichi said in a statement posted on X. “We will make efforts toward achieving resilient supply chains for rare earths and other critical minerals to avoid overdependence on a particular country.”

Rare earths are essential in the high-performance magnets used in electric vehicles, wind turbines, electronics and defense systems. China currently dominates global production and processing of heavy rare earths, giving Beijing significant influence over prices and supply, a vulnerability that has increasingly worried world governments.

Japan’s latest test comes amid heightened geopolitical tension in the region.

Tokyo has grown more concerned about potential supply disruptions after China recently suspended exports of certain dual-use goods to Japan. While rare earths were not explicitly named, the move raised fears that Beijing could use its control over critical minerals as leverage as it has in the past.

Japanese researchers first identified rare-earth-rich mud deposits around Minamitorishima in the 2010s. Since then, the government has funded research, development and feasibility studies under its Strategic Innovation Promotion Program, focusing on whether those resources could support a domestic supply chain.

The current trial is designed to test not only the ability to retrieve sediment from extreme depths, but also the logistics of deep-sea mining. Officials cautioned that the work is still at an early stage. Details such as the concentration of rare earth elements in the retrieved mud and the overall recovery rates are still being analyzed. Moving toward commercial production would require demonstrating the entire process, from seabed extraction to separation and refining.

Japan plans to continue testing through mid-February. If the trials are successful, larger-scale demonstrations could follow, potentially including the construction of a dedicated processing facility on Minamitorishima later this decade.

US targets rare earths security with Project Vault

While Japan pushes deeper into rare earths supply diversification, developments in the US underscore how deeply critical minerals policies are shaping markets on both sides of the Pacific.

On Monday (February 2), the Trump administration rolled out Project Vault, a roughly US$12 billion strategic critical minerals reserve aimed at reducing US dependence on China for rare earths and other essential metals.

The initiative, anchored by a US$10 billion loan from the US Export‑Import Bank and about US$2 billion in private capital, is designed to stockpile strategic materials like rare earths, cobalt and lithium.

The program’s backers say the reserve will function much like America’s Strategic Petroleum Reserve, offering a buffer against global supply disruptions and insulating manufacturers from price shocks that have plagued markets during recent US-China trade tensions. Analysts say the effort signals an ongoing shift toward industrial policy that treats critical minerals as strategic assets, even as completion details and long‑term execution remain uncertain.

The financial markets responded quickly. Shares of Australian rare earths producer Lynas Rare Earths (ASX:LYC,OTCQX:LYSDY) rallied more than 3 percent on Tuesday (February 3), closing at AU$15.25, reflecting renewed investor interest tied to the policy news and the broader rare earth narrative.

Lynas’ recent movements come against a backdrop of broader gains in non‑Chinese mineral producers, as investors reposition around supply chain security and government policy support.

Rare earths stocks more generally saw upticks in the US market after the country’s critical minerals plan came into focus, with producers like MP Materials (NYSE:MP) and USA Rare Earth (NASDAQ:USAR) gaining on reports of increased government engagement in critical mineral sourcing.

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

This post appeared first on investingnews.com
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Leaked documents expose Khamenei’s secret deadly blueprint for crushing Iran protests

Leaked documents from the Iranian regime reveal a coordinated plan by its security apparatus, approved by Supreme Leader Ayatollah Ali Khamenei, to violently suppress nationwide protests using force, surveillance and internet shutdowns.

Excerpts of the documents, reviewed by Fox News Digital, show that Iran’s Supreme National Security Council developed the strategy after the 2019 nationwide protests that came amid fuel price hikes and economic collapse.

At a National Council of Resistance of Iran (NCRI) press briefing Tuesday covering the regime’s pre-planned orders behind the protests and mass killings, Alireza Jafarzadeh, deputy director of the Washington office, said the documents ‘were obtained from within the regime’ and later cited The People’s Mojahedin Organization of Iran (MEK) as having gained access to them.

‘This Directive by the National Security Council was obtained by the network in Iran of the MEK, which has access to sources within the regime,’ he confirmed to Fox News Digital.

‘These documents show the regime’s efforts to prevent the resurgence of the uprising and, if it occurred, to suppress it,’ Jafarzadeh added before stating that there are ‘clear operational plans allocated to the IRGC to use lethal force to kill as many people as needed to stay in power.’

The first document, classified ‘top secret,’ was issued Mar. 3, 2021, with the regime codifying four escalating law enforcement and security conditions. The regime defined how unrest would be handled and which authorities would be in command at each stage.

Initial law enforcement and non-armed security situations placed command authority with Iran’s national police force, with support from the Islamic Revolutionary Guard Corps (IRGC) and the Intelligence Ministry (VAJA).

In the most severe category, designated an ‘armed security situation,’ full command authority rapidly shifted to the IRGC.

‘For now, this compilation should be communicated for two years,’ Khamenei wrote before ordering the blueprint implemented nationwide.

The secret guidelines became the blueprint for crushing the January 2026 protests, which erupted amid soaring inflation, currency collapse and anger toward clerical rule.

According to the Human Rights Activists News Agency (HRANA), at least 6,854 people have been killed during the protests, with 11,280 cases under investigation.

Internal regime assessments cited in other leaked files describe three phases of the 2026 uprising: an initial law enforcement phase, followed by a non-armed security phase and finally an armed security situation beginning Jan. 8 when authority shifted fully to the IRGC that played the command role and carried out armed killings.

The documents specify that during armed security situations, the IRGC operated with support from other security bodies, while Iran’s Ministry of Communications was ordered to impose internet restrictions, including full shutdowns.

A second classified document, compiled in 2024 by the IRGC’s Sarallah Headquarters, reveals how far the regime went to prepare for dissent.

The 129-page ‘Comprehensive Security Plan of Tehran’ details extensive surveillance and repression measures, identifying members of the opposition MEK and family members of executed dissidents as ‘level number one’ enemies subject to monitoring and control.

‘It also shows how far the regime is prepared to go to kill as many people as needed, which they did in January 2026. However, these killings further convinced the people that there is only one way to end the killings, and that is to overthrow the regime,’ Jafarzadeh added.

‘There are more people, especially young ones, who have joined the ranks of the organized force to confront the IRGC and liberate the nation,’ he said.

This post appeared first on FOX NEWS
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Lawmakers question whether US moving fast enough to capitalize on Hezbollah’s weakened state

A House Foreign Affairs Middle East and North Africa Subcommittee hearing on Tuesday underscored what lawmakers and witnesses repeatedly described as a ‘historic’ but ‘narrowing’ opportunity to weaken Hezbollah and restore Lebanese state sovereignty, while exposing sharp disagreement over whether current U.S. policy is moving fast or forcefully enough.

Opening the hearing, Chairman Mike Lawler, R-NY., said Lebanon is ‘at a crossroads’ following the Nov. 2024 Israel-Hezbollah ceasefire, arguing the moment offers ‘an unprecedented opportunity’ to help Lebanon ‘break free of the shackles of Iran’s malign influence.’ He warned, however, that progress has been uneven, saying implementation of the Lebanese Armed Forces’ has been ‘haphazard at best.’

The ranking member, Rep. Brad Sherman, D-Calif., struck a more confrontational tone toward the administration, warning that Hezbollah is already rebuilding and that U.S. policy risks squandering the moment.

‘There is a historic opportunity in Lebanon to disarm Hezbollah and remove its grip on the Lebanese state,’ he said. ‘That window of opportunity, however, is narrow. Hezbollah is working hard to rebuild, rearm and to reconstitute itself.’

He criticized cuts to non-security assistance and faulted comments by a Trump administration envoy who described Hezbollah as ‘a political party that also has a militant aspect to it,’ arguing such language ‘sent the wrong signals’ at a critical moment.

David Schenker, senior fellow at The Washington Institute for Near East Policy, testified that while Hezbollah has been weakened militarily, the pace of disarmament remains slow and obstructed.

‘The LAF has a presence in the south that it didn’t have prior to November 2024,’ Schenker said. ‘But they are not in control. Hezbollah still controls the region.’

Schenker said the obstacle is no longer capability but political will. ‘At this point, the question of disarmament is not a matter of capability but of will,’ he told lawmakers, warning that Hezbollah continues to thrive amid corruption and a cash-based economy.

Hanin Ghaddar, senior fellow at The Washington Institute for Near East Policy, said that even full weapons surrender would not dismantle Hezbollah’s power.

‘Hezbollah is not sustained by weapons alone,’ Ghaddar said. ‘It survives through an economic and political ecosystem that protects cash flows, penetrates state institutions and enables military rebuilding.’

She warned that Lebanon’s unregulated cash economy has become Hezbollah’s most durable asset. ‘Weapons can be collected, but money keeps flowing,’ Ghaddar said. ‘Disarmament without dismantling the cash economy… will not be durable.’

All three witnesses emphasized U.S. support should be tied to measurable performance such as progress on disarmament of Hezbollah and economic reform.

Schenker called for renewed sanctions against corrupt Lebanese officials, saying, ‘We should be sanctioning leaders right now… who are obstructing reform.’

Dana Stroul, director of research and senior fellow at The Washington Institute for Near East Policy, warned that Washington’s approach remains incomplete.

‘For the past year, U.S. policy has focused on Hezbollah disarmament, which is critical, but on its own is only a partial strategy,’ Stroul said.

She cautioned that upcoming parliamentary elections could either ‘strengthen or undermine the anti-Hezbollah government,’ calling it the ‘worst-case outcome’ if Hezbollah-aligned politicians retain power.

Ghaddar said Hezbollah’s weakening has shifted Lebanese public discourse. ‘The mythology of resistance has shattered,’ she said. ‘Peace is no longer taboo.’

She argued that normalization with Israel would raise the political cost of Hezbollah’s rearmament and help lock in reform. ‘Without a credible peace horizon, disarmament and economic reform will be temporary. With one, they become structural,’ Ghaddar said.

This post appeared first on FOX NEWS
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VersaBank Signs Deal to Custody Stablecorp’s QCAD Stablecoin

A deal between VersaBank (TSX:VBNK,NASDAQ:VBNK) and Stablecorp Digital Currencies could be one of the clearest signals yet that Canadian dollar stablecoins are moving into the regulated financial mainstream.

On Tuesday (February 3), VersaBank signed a definitive agreement to act as custodian for QCAD, Stablecorp’s Canadian‑dollar‑pegged stablecoin, using its proprietary VersaVault digital asset custody platform.

For investors, the announcement is a sign that the Canadian decentralized finance (DeFi) industry is positioning itself for the next phase of the stablecoin boom.

Agreement terms and immediate impact

Under the terms of the agreement, VersaBank will hold and safeguard the reserve assets backing QCAD through the Ontario-based QCAD Digital Trust, which will manage those reserves on behalf of QCAD holders.

The company will provide safekeeping and custodial services using its VersaVault technology, which it describes as a highly secure solution with Systems and Organization Controls 2 certification that has been designed specifically for digital asset custody. Put simply, VersaVault will become the vault, while the QCAD Digital Trust and Stablecorp will remain responsible for governance, issuance and compliance.

For VersaBank, the arrangement creates a new revenue stream, allowing it to earn custody fees based on the value of QCAD assets held, along with a spread on QCAD‑related deposits. That income will be added to its net interest income on cash and securities rather than its lending‑related margin.

For Stablecorp, the main takeaway is the regulatory optics: QCAD is already marketed as Canada’s first regulatory‑compliant, Canadian-dollar‑pegged stablecoin, and now its reserves will be held by a federally regulated Schedule I bank rather than a crypto‑native custodian.

Strategic and market implications

Stablecorp markets QCAD as a compliant, bank-grade Canadian dollar rail for cross-border payments, DeFi and institutional trading. The VersaBank deal reinforces that narrative by naming a Schedule I bank at the center of its reserve‑holding stack. From an investor standpoint, the deal makes it easier for institutions and regulated counterparties to see QCAD as a “safe” Canadian-dollar‑denominated instrument, rather than solely a crypto‑native token.

Additionally, regulators and policymakers should see a Canadian dollar stablecoin that is both technically robust and institutionally anchored, which could help shape future rules around CAD‑pegged tokens.

Stablecorp’s investor base already includes heavy hitters such as Coinbase Global (NASDAQ:COIN), Circle (NYSE:CRCL), DeFi Technologies (NASDAQ:DEFT) and FTP Ventures.

The VersaBank partnership adds another layer of credibility that could help Stablecorp attract more traditional financial services capital as Canada’s broader stablecoin and digital asset regulatory framework evolves.

The QCAD mandate represents a symbolically important strategic and balance sheet development, distinct from its core lending activities, offering long-term growth potential. By classifying QCAD-related net interest income within its cash and securities category, VersaBank signals that this activity is capital light and non-credit related. This approach diversifies revenue without significantly altering the bank’s credit risk profile.

This move may attract investors cautious of banks with high crypto-lending exposure, but comfortable with custody and infrastructure. The QCAD deal validates a broader digital asset custody franchise, especially if VersaVault gains more mandates for Canadian-dollar-pegged or other tokenized assets and stablecoins.

Broader implications for Canadian investors

The VersaBank-Stablecorp partnership is significant for Canada-focused investors as it represents a blending of traditional finance and crypto-native infrastructure. Stablecoins such as QCAD act as programmable Canadian dollars. The involvement of a Schedule I bank as custodian enhances the prospect of using CAD stablecoins for interbank or institutional settlement, particularly as Canada explores wholesale central bank digital currency technologies.

Furthermore, the arrangement opens the door for new tokenized financial products like money market funds, deposits or treasury management products that will reside on public blockchains, but are securely backed by regulated entities.

From a risk management perspective, investors may want to watch reserve composition disclosures for QCAD, and monitor how quickly QCAD’s circulating supply and VersaBank’s associated fee income scale.

For now, the deal is more of a strategic and signaling move than a near‑term earnings inflection point, but it lays the groundwork for QCAD to become a core Canadian-dollar‑denominated rail in Canada’s digital asset stack.

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

This post appeared first on investingnews.com
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Silver Supply Tight, Demand Rising — What’s Next? First Majestic’s Mani Alkhafaji

Mani Alkhafaji, president of First Majestic Silver (TSX:AG,NYSE:AG), discusses silver supply, demand and price dynamics, as well as how the company is positioning for 2026.

He also shares his thoughts on when silver stocks may catch up to the silver price: ‘You’ve got to give it a couple of quarters, but when it comes in it’s going to come pretty quick.’

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

This post appeared first on investingnews.com
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Joe Cavatoni: Gold Price Drop — Why it Happened, What’s Next

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, breaks down gold’s record-setting run past US$5,500 per ounce as well as its correction.

‘At the end of this, you’re looking at a lot of people who were pushing the price higher — speculative in nature — pulling back and taking money off the table,’ he said.

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

This post appeared first on investingnews.com
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Fabi Lara: What to Do When Commodities Prices Go Parabolic

Speaking against a backdrop of record-high gold and silver prices, Fabi Lara, creator of the Next Big Rush, delivered a timely reality check at this year’s Vancouver Resource Investment Conference.

Addressing a packed room that included a noticeable influx of first-time attendees, she urged investors to balance excitement with discipline as the commodities bull market accelerates.

Lara framed her talk around advice she would give her daughter based on hard-earned lessons from more than a decade in the resource sector, including surviving long stretches of disappointment before a surge.

“What we’re going through this year is not normal,” she said. “We’re not usually this fat and happy and joyful. This is completely outside of what the last number of years have been.”

Lara, often dubbed the “uranium girl” for her early conviction in the sector’s 2021 to 2022 rally, drew parallels between uranium’s past run and current moves in the gold and silver market.

Prices, she warned, are rising so fast that even seasoned investors are uneasy.

“The price is moving too quickly,” she said, noting that her presentation charts were outdated almost as soon as they were prepared. “That’s how quickly this market is moving.”

During the conference, which ran from January 25 to 26, gold breached US$5,000 per ounce, while silver reached triple digits, continuing on even higher as the week continued. Ultimately, those high levels proved as unsustainable as Lara anticipated — by Monday (February 2) gold was sitting in the US$4,600 range, while silver was at US$79.

What stage is the market in?

While some investors see parabolic prices as a signal to exit entirely, Lara cautioned against all-or-nothing thinking. Instead, she emphasized understanding where the market sits within the broader arc of a bull cycle.

Referencing Doug Casey’s framework, she outlined three phases: the stealth stage, the wall of worry and the mania.

In her view, today’s market sits uncomfortably between the latter two.

“Some people think we’re already in mania because of the price,” Lara said. “I don’t think we’re quite there yet.”

She pointed to lagging indicators, including subdued valuations across the TSX Venture Exchange and conservative assumptions in mining feasibility studies, as signs that the cycle still has room to run.

That said, Lara acknowledged the risks of complacency.

She recounted stories of investors who rode bull markets too long, only to find “no bids” when they tried to exit. Her solution: gradual repositioning. “Don’t wait too long,” she said. “Start to leave your positions slowly.”

For her own portfolio — and hypothetically, for her daughter’s — Lara favors selling in thirds rather than making dramatic moves. Trimming positions can relieve pressure without sacrificing exposure to further upside. Fully exiting, she warned, risks missing the very payoff investors have waited years to see.

Equally important is what happens after selling. Holding large amounts of cash, Lara admitted, doesn’t suit every personality, especially active speculators.

To impose discipline, she has redirected some profits into dividend-paying oil stocks held in a separate account. “You get paid to wait,” she said, calling oil historically cheap by multiple measures.

Beyond precious metals, Lara highlighted emerging areas of interest among veteran investors.

Copper is getting increasing attention, and will likely receive more if prices stay stable. Nickel remains overlooked, while oil continues to offer a combination of value and income that contrasts sharply with the volatility of junior miners.

Ultimately, Lara framed successful investing as a psychological exercise as much as an analytical one.

“Doing this well is a result of greed and fear,” she said. “In a bear market, you need to be greedy. In a bull market, you need to be somewhat fearful.”

Her closing message for newcomers and longtime investors: participate, but don’t lose perspective. Bull markets reward patience and punish excess.

“We’re all salespeople, including me,” Lara reminded the audience. “So don’t believe everything you hear.”

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

This post appeared first on investingnews.com
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Elon Musk’s SpaceX acquires xAI

SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk.

Musk in a news release said that the combination would aim to pursue AI data centers in outer space.

The deal comes on the verge of SpaceX’s highly anticipated initial public offering, which is expected to occur later this year.

The deal creates ‘the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform,’ Musk said in a statement.

The combined company will become the world’s most valuable private company, worth more than $1.2 trillion, Bloomberg News reported. NBC News has not been able to verify the valuation, and the companies did not respond to requests for comment.

Musk went on to say that space would be a crucial avenue for building advanced artificial intelligence.

‘In the long term, space-based AI is obviously the only way to scale,’ Musk wrote. ‘The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space.’

Musk also offered an ambitious timeline for starting to develop AI from space. He’s failed to meet many of the previous goals he set for his companies.

“My estimate is that within 2 to 3 years, the lowest cost way to generate AI compute will be in space,” he wrote in Monday’s news release.

SpaceX already conducts rocket tests using reusable parts, provides cellular phone and data services to T-Mobile customers, and is working with NASA to return humans to the moon in the near future.

Meanwhile, xAI, Musk’s bid to get in on the AI boom, has reportedly soared to a more than $200 billion valuation. Along the way, the company and its AI bot, Grok, have drawn criticism. Recently, the company limited its image generation technology after users said it was creating sexualized deepfakes. A number of state attorneys general and the European Union are investigating the company.

Musk’s companies have often been intertwined, but Monday’s deal brings them even closer together. Another one of Musk’s companies, Tesla, has invested in xAI and uses some of its technology.

Musk merged his social media site X with xAI in early 2025, but the tie-up between xAI and SpaceX marks the largest combination to date of Musk’s vast business projects.

Founded in 2002, SpaceX has helped catapult Musk to the ranking of richest person in the world, with a net worth of more than $670 billion. The company has quickly become a critical supplier of satellite-based internet around the world, with more than 9,000 satellites orbiting Earth, used by both consumers and governments. SpaceX also holds multiple NASA contracts.

This post appeared first on NBC NEWS
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Government shutdown ends as Trump signs bill, but DHS funding deadline looms

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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GOP senator jabs Jeffries as ‘butt hurt’ over Trump-Schumer deal

A Senate Republican suggested Wednesday that House Minority Leader Hakeem Jeffries, D-N.Y., had his feelings hurt by not being included in the Trump-Schumer deal to fund the government. 

The House passed the five-bill funding package, along with a two-week funding extension for the Department of Homeland Security (DHS), on Tuesday. Jeffries and most House Democrats, save for 21, voted against it as the partial government shutdown entered its fourth day. 

Sen. Roger Marshall, R-Kan., said it was because Jeffries was ‘butt hurt’ that he was not looped into the deal brokered between Senate Minority Leader Chuck Schumer, D-N.Y., and President Donald Trump. 

‘He’s butt hurt that President Trump didn’t call him, too,’ Marshall told Fox News Digital. ‘But I think that’s on Schumer.’

Marshall described the scene in the Oval Office last week, where top-ranking Senate Republicans met with Trump as the funding deadline neared, and Senate Democrats were digging in deeper into their demands to renegotiate the DHS funding bill. 

‘The president says, ‘Get Schumer on the phone.’ They get Schumer on the phone. They broker a deal,’ Marshall said.

‘So really, it’s on Schumer that he agreed to this deal, really, before bringing Hakeem in,’ he continued. ‘And really it comes down to that Hakeem’s feelings are butt hurt, and to him, he’s fighting for his political life and really struggling.’

While the deal does fund 11 out of the 12 agencies under Congress’ purview, DHS remains an open question.

Senate Democrats, following the fatal shooting of Alex Pretti during an immigration operation in Minneapolis, demanded that the bipartisan bill to fund the agency be sidelined in order to cram in more restrictions and reforms for Immigration and Customs Enforcement (ICE). 

Turning to a two-week continuing resolution (CR) to further negotiate the bill has Republicans concerned that they will end up in the same position within the next few days, given the truncated timeframe to hash out major issues with one of the most politically perilous funding bills.

Senate Majority Leader John Thune, R-S.D., said that negotiations with Senate Democrats would be carried out by Sen. Katie Britt, R-Ala., who chairs the Homeland Security Appropriations Subcommittee. 

He acknowledged, however, that Trump would be the deciding factor. 

‘Ultimately, that’s going to be a conversation between the President of the United States and the Democrats here in the Senate,’ he said.

But Schumer insisted that Thune needed to be in on the negotiations. 

‘If Leader Thune negotiates in good faith, we can get it done,’ Schumer said. ‘We expect to present to the Republicans a very serious, detailed proposal very shortly.’

Fox News Digital reached out to Schumer and Jeffries for comment.

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