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Senate Democrats, fresh off a weekend of anti-Trump rallies, again blocked the Republicans’ plan to reopen the government for an 11th time as the shutdown nears its fourth week.

Senate Republicans had hoped their colleagues across the aisle would have a change of heart after the ‘No Kings’ rallies across the country, but like many times before, Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., largely voted to block the funding bill.

Neither side has changed its position as the shutdown has continued to drag on.

Senate Democrats want an extension to expiring Obamacare subsidies, which were enhanced when Senate Democrats controlled the upper chamber under President Joe Biden and are set to expire by the end of this year.

Schumer accused congressional Republicans of being unwilling to solve the problem, despite overtures from Senate Republicans that they’d be open to have a vote on the matter. 

‘What kind of country do we live in? What kind of party is this Republican Party that is unwilling to solve this problem, which is staring Americans in the face, frightening Americans from one end of the country to the other,’ Schumer said. ‘And yet Republicans, what are they doing about it? Nothing. They’re on vacation. It’s unacceptable and morally repugnant.’

Sen. Chris Murphy, D-Conn., contended over the weekend at the ‘No Kings’ rally in Washington, D.C., that when Democrats were in charge, the government never shut down.

‘The government is shut down and shutdowns are painful,’ he said. ‘They hurt people. And frankly, that’s why there was not a single government shutdown when Joe Biden was president and Democrats were in charge of Congress. Because we acted like adults, we negotiated with Republicans. We found common ground. We kept the government open.’

But Senate Republicans have remained adamant that they won’t negotiate while the government is shut down. Senate Majority Leader John Thune, R-S.D., extended an olive branch to Senate Democrats and offered a vote on the expiring subsidies, but so far, Senate Democrats have not agreed.

Republicans are also trying to fund the government through other means. Thune tried and failed to advance the annual defense appropriations bill through a procedural hurdle last week, which Senate Democrats blocked. Republicans are also trying to finish work on a trio of funding bills passed in August, but Senate Democrats are blocking that, too.

‘Any idea that this is about Obamacare enhanced premium tax credits is going by the wayside when they continue to keep the government shut down and don’t allow us time to actually work on the issue,’ Thune said. ‘I don’t think they want a solution. I think they want a political issue.’

Another issue is that even if lawmakers were to pass the House-passed continuing resolution (CR) on Tuesday, Congress would only have one month to finish work on spending bills to fund the government. When asked if the it was time to think about the House coming back to extend the deadline, Thune said, ‘For sure.’ 

‘I mean, every day that passes, we have less time to fund the government,’ he said. 

Meanwhile, lawmakers will get the chance to pay certain federal workers and the military later in the week.

Thune said that he planned to tee up legislation from Sen. Ron Johnson, R-Wis., and several other Senate Republicans that would pay military service members and certain ‘excepted’ federal workers who are still working despite the ongoing shutdown. That bill could be ready for a vote by Thursday at the latest. 

When asked if he worried that Senate Democrats would continue to take hostages during the shutdown fight, Sen. John Hoeven, R-N.D., said, ‘Hopefully not.’

‘Because at whatever point the Schumer shutdown ends is because the Democrats are finally tired of it, or they hear enough from their constituents,’ he said. ‘Hopefully enough people will tell them, ‘Hey, we don’t want that anymore. You keep government open. Do the job.’’

But for now, there’s no real end in sight for the shutdown.

Sen. Lisa Murkowski, R-Alaska, contended that neither side would break the impasse given that there’s no ‘incentive’ to do so.

‘What we’re seeing is different,’ Murkowski said. ‘You’ve got both sides that are just really hard dug in, but everybody thinks they’re winning. Nobody is winning when everybody’s losing. And that’s what’s happening right now. The American public is losing.’

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: Trump administration agencies are working to expose the Biden administration’s ‘prolific and dangerous weaponization of government,’ Fox News Digital has learned.

The Interagency Weaponization Working Group (IWWG) is made up of officials from the Office of the Director of National Intelligence, the Justice Department, the FBI, the CIA and more.

Officials told Fox News Digital that Director of National Intelligence Tulsi Gabbard initiated the Interagency Weaponization Working Group, which has been meeting biweekly since April to ‘share information, coordinate, and execute.’

‘The American people made a clear choice when they elected President Trump — to stop the Biden administration’s prolific and dangerous weaponization of government agencies against the American people and the Constitution,’ Gabbard told Fox News Digital. ‘I stood up this working group to start the important work of interagency coordination under President Trump’s leadership to deliver accountability.’

She added: ‘True accountability is the first step toward lasting change.’

Officials told Fox News Digital the group was created to streamline information sharing across the government in support of the Trump executive order.

‘Joe Biden’s Department of Justice targeted President Trump and anyone close to him, prosecuted pro-life advocates, treated parents at school board meetings as domestic terrorists, and destroyed public trust in federal law enforcement,’ Attorney General Pam Bondi told Fox News Digital.

‘Under President Trump, we are working every day alongside our partners to end weaponization and restore one tier of justice for all,’ Bondi said.

Meanwhile, FBI Director Kash Patel told Fox News Digital that, ‘for years, Biden’s DOJ turned federal law enforcement into a political weapon.’ 

‘Going after President Trump, pro-life Americans, and parents at school boards while letting real criminals run wild,’ Patel told Fox News Digital. ‘Under Preisdent Trump, we’ve ripped that agenda out by the roots.’ 

Patel added: ‘We’re restoring equal justice under the law, one standard, one mission: Protect the American people.’ 

Officials involved pointed Fox News Digital to President Trump’s executive order, which says interagency coordination is needed to ‘ensure accountability for the previous administration’s weaponization of the federal government against the American people.’ 

The executive order had directed Gabbard, in consultation with the heads of other appropriate departments and agencies within the intelligence community, to ‘take all appropriate action to review the activities of the intelligence community over the last four years and identify any instances’ of the weaponization of government.

Officials told Fox News Digital that the interagency group is ‘working to undo the Biden administration’s whole-of-government approach to abuse the powers of government against the American people.’

‘The weaponization of government against Americans did not happen in one agency, one time,’ an official explained. ‘It happened repeatedly over the duration of the Biden administration.’

‘That’s why, in order to depoliticize and deweaponize the government, it is important to understand what agencies carried out, what roles, and why,’ the official continued. ‘The IWWG is essential for coordinating across agencies.’ 

But officials said the media has attempted to ‘negatively spin lawful oversight and accountability’ by claiming it is a way for the Trump administration to weaponize the government against its political opponents.

‘The irony is, accusing the Interagency Weaponization Working Group of targeting the president’s political opponents is classic projection and could not be further from the truth,’ an official said.

The official said that there is ‘no targeting of any individual person for retribution.’

‘IWWG is simply looking at available facts and evidence that may point to actions, reports, agencies, individuals, and more who illegally weaponized the government in order to carry out political attacks,’ the official said.

‘The only people who fear accountability are the ones who never expected to face it,’ the official continued. ‘Oversight is not the problem—abuse of power is.’ 

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Terra Clean Energy CORP. (‘ Terra ‘ or the ‘ Company ‘) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF, FSE: C9O0) is pleased to announce a non-brokered private placement of a minimum of 10,000,000 units of the Company (each, a ‘ Unit ‘) and up to 19,520,350 Units at a price of C$0.14 per Unit (the ‘ Issue Price ‘) for aggregate minimum gross proceeds of C$1,400,000 and up to C$2,732,849 (the ‘ Offering ‘). Each Unit will consist of one common share in the capital of the Company (a ‘ Common Share ‘) and one-half of one common share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$0.17 for a period commencing 60 days following completion of the Offering until the date that is 36 months following the completion of the Offering.

The Company intends to use the net proceeds of the Offering to fund a portion of the purchase price of the Utah claims, for future exploration and development costs and general working capital and corporate purposes.

The Offering is expected to close on or about November 4, 2025 and is subject to customary closing conditions of this nature, including but not limited to, the Company receiving all necessary regulatory approvals, including the conditional approval from the Canadian Securities Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the Units will be offered for sale to purchasers resident in each of the provinces and territories of Canada, except Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the ‘ Listed Issuer Financing Exemption ‘). As the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at https://www.tcec.energy . Prospective investors should read this offering document before making an investment decision.

The Company may pay a finder’s fee to certain arm’s length finders comprising of: (i) a cash commission up to 7% of the aggregate proceeds of the Offering payable in cash; and (ii) non-transferrable finder warrants of the Company exercisable to acquire a number of Common Shares equal to 7% of the number of Units issued pursuant to the Offering, at an exercise price of C$0.14 per Common Share for a period of 36 months from the Closing Date.

No U.S. Offering or Registration

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘ 1933 Act ‘) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Terra Clean Energy Corp.

Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as past producing uranium mines in Utah, United States.

ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

‘Greg Cameron’
Greg Cameron, CEO
Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the Offering and the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Greg Cameron, CEO
info@tcec.energy
416-277-6174

Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy

 

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

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Australian Prime Minister Anthony Albanese and US President Donald Trump signed a rare earths deal during their meeting at the White House on Monday (October 20).

The meeting was set to focus on critical minerals and rare earths, with Albanese telling Bloomberg on Sunday (October 19) that it is also an opportunity to “consolidate and strengthen” the US-Australia relationship.

According to insiders, the deal has been in the works for five months now. Albanese was also quoted as having described it as an US$8.5 billion pipeline ‘that we have ready to go.’

During the meeting, Trump said that they “never had any doubts” about the US-Australia relationship, adding that “there’s never been anybody better.”

The signing of the statement happened after Trump’s opening remarks, with the US President calling the deal a “key objective” in reducing reliance on China.

“Within a year, we’ll have critical minerals and rare earths that you won’t know what to do with them,” Trump said, noting that this will happen within a year from now.

‘They’ll be worth about two dollars,’ he added.

China still currently holds the world’s largest rare earths reserves, but Australia has been highlighted as a key player since the issue of tariffs between the US and China.

The country is also home to some of the most significant rare earths reserves globally, such as Lynas Rare Earths’ (ASX:LYC, OTC:LYSDY) 106.6 million tonnes Mount Weld mine and Arafura Rare Earths’ (ASX:ARU, OTC:ARAFF) 56 million tonnes Nolans project.

Last week, several companies, such as Nova Minerals (ASX:NVA,NASDAQ:NVA) were invited to brief the Australian government on key projects prior to the US-Australia meeting.

Nova was instructed to include an overview of its flagship Estelle gold project, the key minerals identified, planned expansion activities, and the company’s engagement with US government agencies.

The same goes for Resolution Minerals (ASX:RML), which was invited for a briefer on its Horse Heaven gold-antimony-tungsten project.

Both Nova and Resolution topped the ASX charts last week.

AUKUS deal

Albanese and Trump were also reported to have discussed the AUKUS submarine deal, a multi-billion dollar agreement between Australia, the UK and the US, which is believed to be about countering China’s growing presence in the Indo-Pacific region.’

When asked whether AUKUS is a “deterrent” for China, Trump answered yes.

‘(But) I don’t think we’re going to need it’ with China.

“The US has the best military in the world, and nobody wants åto mess with it,” he added. ‘We’re going to get along great with China.’

AUKUS is worth around US$239 billion or AU$368 billion over 30 years. Starting in 2032, Australia plans to buy three Virginia-class submarines from the US, with the option to get two more. These will fill the gap while the UK and Australia develop a new submarine model.

Trump also said that the US is working on building more submarines for Australia and is going to expedite submarine exports to Australia.

Australia is expected to receive the first of the new submarines in the early 2040s.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.


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Lawyers for former FBI director James Comey asked a federal judge Monday to dismiss his criminal case on the grounds of ‘vindictive and selective’ prosecution, citing what they argued in a new filing is a record of ‘ample objective evidence’ that they argued should suffice to dismiss his case ‘with prejudice.’

Comey’s lawyers used the more than 50-page filing to tick through a lengthy timeline of the strained relationship between Trump and his former FBI director, whom Trump fired during his first term, in 2017 — less than halfway through his 10-year tenure as FBI director — as well as Trump’s public attacks and criticisms of Comey.  

They also noted that much of the damning information has come from Trump himself, or other administration officials. 

‘The indictment in this case arises from multiple glaring constitutional violations and an egregious abuse of power by the federal government,’ his lawyers said in the filing.

Trump ordered the Justice Department to prosecute Comey after taking office for a second time ‘because of personal spite and because Mr. Comey has frequently criticized the president for his conduct in office,’ they said. 

‘When no career prosecutor would carry out those orders, the president publicly forced the interim U.S. attorney to resign and directed the Attorney General to effectuate ‘justice’ against Mr. Comey,’ his lawyers said.

It was one of two extraordinary motions to dismiss the case against Comey that his lawyers filed Monday with U.S. District Judge Michael Nachmanoff, who is overseeing the case in Alexandria.

The other motion asked Judge Nachmanoff to dismiss the case against Comey due to what they argued was Trump’s ‘unlawful’ appointment of Lindsey Halligan, his former personal lawyer, as acting U.S. attorney for the Eastern District of Virginia. 

Trump in September announced he would install Halligan as the top prosecutor for the Eastern District of Virginia, replacing interim U.S. Attorney Erik Siebert, who resigned under pressure to indict both Comey and New York Attorney General Letitia James.

Comey’s lawyers noted Monday that Halligan’s appointment was made just three days before Comey’s indictment.

The official ‘who purported to secure and sign the indictment was invalidly appointed to her position as interim U.S. Attorney,’ they told the judge. 

‘Because of that fundamental constitutional and statutory defect, the indictment is a nullity and must be dismissed. That dismissal must be with prejudice in order to deter the government’s willfully unlawful conduct.’

In order to establish prosecutorial ‘vindictiveness,’ Comey must provide evidence to the court that prosecutors were both acting with genuine animus toward the defendant, and that the defendant would not have been prosecuted but for that animus. 

This is a developing news story. Check back shortly for updates.

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Mercado Minerals Ltd. (CSE: MERC) (“Mercado” or the “Company”) is pleased to announce that it has completed the acquisition (the “Acquisition”) of Concordia Silver Company S.A. DE C.V. (“Concordia”). Concordia is an arms-length privately-held Mexican corporation that holds mineral properties in Sinaloa, Mexico.

Under the terms of the Agreement, Mercado acquired all of the outstanding share capital of Concordia in consideration for a cash payment US$105,000 and the issuance of 6,000,000 common shares (the “Consideration Shares”) to Concordia shareholders (collectively, the “Vendors”). Mercado will issue a further 2,000,000 common shares to the Vendors on the first anniversary of closing the Acquisition and a further 2,000,000 common shares to the Vendors on the second anniversary of closing the Acquisition. The Considerations Shares are subject to restrictions on resale from which they will be release in four equal tranches every six months over a twenty-four month period.

The Company has also issued 300,000 common shares to an arms-length third-party who introduced Concordia and the Acquisition to the Company.

About Mercado Minerals Ltd.

Mercado Minerals Ltd. (CSE: MERC) is a company involved in the business of acquiring and exploring mineral properties in the Americas. Mercado has been primarily involved in the exploration and evaluation of the Porter Property, located within the Alberni Mining Divisions of British Columbia.

For further information, contact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@mercadominerals.com

John Fraser
VP Business Development & Director
Phone: (604) 838-7677
Email: jfraser@mercadominerals.com

Forward-Looking Statement (Safe Harbor Statement):

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate,’ ‘plan,’ ‘continue,’ ‘expect,’ ‘estimate,’ ‘objective,’ ‘may,’ ‘will,’ ‘project,’ ‘should,’ ‘predict,’ ‘potential’ and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source

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Panama will demand that any new deal to reopen the US$10 billion Cobre Panama copper mine explicitly recognizes the state’s ownership of the land and its mineral resources, Finance Minister Felipe Chapman said according to a Bloomberg report.

“For us, it’s important to have an agreement that states very clearly that resources belong to the Republic of Panama,” Chapman told Bloomberg during the International Monetary Fund (IMF) and World Bank annual meetings in Washington.

Operated by Canada’s First Quantum Minerals (TSX:FM,OTC Pink:FQVLF), the Cobre Panama mine was ordered shut in late 2023 following a Supreme Court ruling that voided its 20-year operating contract as unconstitutional.

The decision came after weeks of mass protests over environmental concerns and what many Panamanians saw as an unfair deal for the state.

The closure and the subsequent government-imposed moratorium on new mining concessions sent shockwaves through Panama’s economy, which had relied on the mine for roughly 5 percent of its GDP and 1 percent of global copper supply.

President José Raúl Mulino’s new administration has since been laying the groundwork to reopen talks with First Quantum, which agreed earlier this year to suspend its arbitration proceedings against Panama.

Franco-Nevada (TSX:FNV,NYSE:FNV), a metals streaming partner with an interest in the mine, also paused its own arbitration case last June as the company attempted to clear the way for renewed dialogue.

Despite lingering divisions over mining, Chapman said public sentiment toward Cobre Panama has softened. Recent polls show that about 50 percent of Panamanians now view the mine negatively, down from over 80 percent a year earlier, while a sizable “agnostic” group remains open to supporting a deal under fair conditions.

Chapman also emphasized fiscal discipline amid the country’s economic challenges, calling Panama’s deficit targets of 4 percent for 2025 and 3.5 percent for 2026 “non-negotiable.”

He said the government would wait for global interest rates to decline further before returning to the bond market.

Cobre Panama was one of the largest industrial operations in Central America and represented decades of investment. First Quantum spent more than two decades and about US$10 billion to bring it into production, which began in 2019.

Its closure in November 2023 not only halted thousands of direct and indirect jobs but also triggered a broader freeze in the mining sector.

The economic fallout was swift: credit agency Fitch Ratings downgraded Panama’s sovereign rating in March 2024 from BBB– to BB+, citing governance risks and fiscal strain after the mine’s closure.

The IMF predicted Panama’s GDP growth to slow down to 2.9 percent in 2024 from 7.4 percent the previous year, before rebounding to 4.5 percent in 2025 as other sectors pick up.

Earlier this year, the government also approved the removal of approximately 120,000 metric tons of copper concentrate that has been stranded at the site since the mine was shuttered.

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

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A coffin of a deceased hostage has been transferred from Hamas to Israel via the Red Cross, the Israel Defense Forces (IDF) said on Monday.

The body will be taken from the Gaza Strip and received in a military ceremony with a military rabbi, Israeli Prime Minister Benjamin Netanyahu’s office said in a statement.

Hamas said the body was recovered Sunday. If confirmed as the body of a hostage, the remains of 15 hostages would still be in Gaza. A body handed over by Hamas last week was not that of a hostage, Israel said.

Israel’s Ministry of Health’s National Center of Forensic Medicine will identify the body, and then the family will be notified, Netanyahu’s office said.

‘All families of the deceased hostages have been updated about the matter, and at this difficult time, our hearts are with them,’ Netanyahu’s office said. ‘The effort to return our hostages continues continuously and will not cease until the last hostage is returned.’

‘Hamas is required to uphold the agreement and take the necessary steps to return all the hostages,’ the IDF said on X. 

The terror group last week said it needed specialized equipment and more time to recover more bodies.

Earlier on Monday, it was announced that the remains of Nepali student Bipin Joshi, who was held hostage in Gaza, were being flown from Israel to his hometown of Bhimdattanagar.

The transfer happened after the week-old ceasefire resumed after clashes between Hamas and Israel over the weekend. 

The Associated Press contributed to this report. 

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A new House GOP bill would block the United Nations (U.N.) from forcing the U.S. to take up any new tax that was not explicitly levied by American taxpayers’ own government.

It’s expected to be introduced this week, as the world awaits a U.N. vote on a global tax on carbon emissions made via international maritime shipping. 

Member states of the UN’s relevant body, the International Maritime Organization, voted late last week to postpone consideration of the global tax by a year after fierce pushback by President Donald Trump.

Pfluger’s bill would ensure that the U.S. would not be subject to that tax nor any other fiscal penalties ordered by the international organization, unless ratified by the Senate.

It would also prohibit the U.S. government from funding any global carbon tax, as well as block voluntary contributions to the U.N. by the U.S. if such a tax was levied.

The proposal for a global maritime shipping tax on carbon emissions was championed by Brazil and the European Union, among other countries that had also been advocating for more environmentally friendly international trade.

Its chief opponents were the U.S. and Saudi Arabia, the largest and second-largest oil producers in the world, respectively.

Republican Study Committee (RSC) Chair August Pfluger, R-Texas, is leading the legislation, alongside RSC Energy Task Force Chair Troy Balderson, R-Ohio, and Task Force Vice Chair Randy Weber, R-Texas.

Pfluger told Fox News Digital, ‘This fight isn’t over,’ despite the U.N. punting the vote.

‘This legislation would kill their global carbon tax scheme permanently by depriving all U.S. funding to any U.N. agency that attempts to impose a tax on the American people and ensuring Congress has a say in all taxes, fees and penalties on American citizens or companies,’ he said.

Balderson said he was ‘grateful to President Trump and Secretaries Rubio, Wright and Duffy for standing up to the United Nations and forcing the International Maritime Organization to back down.’

‘Unelected global bureaucrats at the U.N. are trying to build another slush fund, and they expect Americans to pay for it,’ Weber said. ‘A global carbon tax wasn’t on the ballot in November 2024, and the American people sure didn’t vote for a 10% hike in costs.’

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The U.S. wants to fast-track outfitting Australia with nuclear submarines under the trilateral agreement between the U.S., Australia and the U.K. to beef up Australia’s submarine force aimed at countering Chinese influence in the Indo-Pacific. 

In the agreement, known as AUKUS, the U.S. will sell up to five Virginia-class nuclear-powered submarines to Australia — slated for delivery as soon as 2032. Additionally, Australia and the U.K. will then coordinate to build additional attack submarines for Australia’s fleet. 

But President Donald Trump told reporters that he is eyeing a faster timeline, when asked if he was interested in speeding up the process. 

‘Well we are doing that, yeah … we have them moving very, very quickly,’ Trump told reporters Monday while meeting with Australia’s prime minister, Anthony Albanese, at the White House. 

Even so, Trump also said that he didn’t believe that AUKUS was necessary to deter China as he touted his relationship with Chinese President Xi Jinping, who he is expected to meet with in South Korea later in October. 

‘I don’t think we’re going to need it,’ Trump said about the trilateral agreement. ‘I think we’ll be just fine with China. China doesn’t want to do that. First of all, the United States is the strongest military power in the world by far. It’s not even close, not even close. We have the best equipment. We have the best of everything, and nobody’s going to mess with that. And I don’t see that at all with President Xi.’

Meanwhile, the AUKUS deal hasn’t been on the most steady footing as the U.S. runs up against its own challenges with its shipbuilding capabilities. 

A slim workforce and insufficient supply chain in the U.S. shipbuilding industry could stymie the agreements, according to a Congressional Research Service report issued in March. The report also cautioned that the U.S. Navy would suffer a shortage of attack submarines for 20 years.  

Although the Navy has ordered two boats annually for the past 10 years, U.S. shipyards have only been able to produce 1.2 Virginia-class submarines annually since 2022, according to the report.  

Trump and Albanese also signed a critical minerals deal Monday during their meeting. The deal will require both countries to invest more than $3 billion throughout the next six months in critical mineral projects, according to a White House fact sheet. 

The deal also requires the Department of War to invest in a 100 metric ton-per-year advanced gallium refinery in Western Australia to support ‘self-reliance in critical minerals processing,’ according to the fact sheet. 

The Associated Press contributed to this report. 

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