Connect with us

Published

on

Senate Republicans, including members of leadership and even Trump allies, say former President Trump should stay out of the 2024 Senate primaries, hoping to avoid a repeat of last year’s disappointing midterm elections.  

They view Trump as becoming more of a political liability in next year’s Senate races as his legal problems mount.  

The Manhattan district attorney charged him Tuesday with 34 felony counts related to payments to two women, and he could face additional charges from federal prosecutors and the Fulton County district attorney.   

GOP lawmakers and strategists fear Trump will mire GOP candidates in debates over his pet issues such as election fraud and defunding the Department of Justice instead of issues that more voters care about, such as the economy, inflation and health care.  

And they worry that Trump’s endorsements again will be more driven by how he perceives candidates’ loyalty to him and his agenda than on their electability in November.  

Senate Republican Whip John Thune (S.D.), who has stood in for Senate Republican Leader Mitch McConnell (Ky.) while he recuperates from a concussion, said it would be better if Trump stays out of the way.

“Sure seems like that would be helpful based on our lack of success in 2022,” he said.  

Even Trump’s strongest allies would like to see next year’s Senate races play out without Trump’s thumb on the scale.  

“If I were him, I’d focus on his own election, but I doubt if he’ll take that advice,” said Sen. Lindsey Graham (R-S.C.). 

Trump announced his presidential campaign in November.  

He had a mixed record supporting gubernatorial, Senate and House candidates last year.   

He had a losing record in the six states where his super PAC spent money on behalf of Republican candidates gubernatorial and Senate races in Arizona, Georgia, Ohio, Michigan, Nevada and Pennsylvania.

He compiled a 1-6 record in those states, where only Sen. J.D. Vance (R-Ohio), whom Trump endorsed in the primary, won.  

And the candidates Trump endorsed in the five most competitive House races lost.  

Many Senate Republicans think Trump hurt Republicans’ chances in Arizona, Georgia and Pennsylvania by endorsing candidates whom Republicans in Washington did not view as the candidates with the best chances of winning the general election.  

Sen. Mitt Romney (R-Utah), who voted twice to convict Trump on impeachment charges, said the consensus view in the Senate Republican conference is that Trump would do more harm than good if he tries to play kingmaker in next year’s primaries.  

“I hope he stays out because him getting involved last time led to us losing key Senate races we could have won,” he said. “I think it’s viewed [that way] by almost every single member of the caucus, if not all of them, but I think few will say it because they don’t want to get the wrath of Donald Trump.”  

Ron Bonjean, a Republican strategist and former Senate leadership aide, said Trump didn’t have a good record picking winners in last year’s toughest races.  

“Trump has a very poor track record of backing top-tier candidates that can get elected to the Senate. It’s no wonder that Senate Republicans want Trump to stay away from the primaries as much as possible because he’s been radioactive in the general elections.” 

Some Senate Republicans thought Trump dragged down candidates in the general election by making it tougher for them to appeal to moderate and swing voters. 

Retired Sen. Pat Toomey (R-Pa.), who twice won election statewide in Pennsylvania, blamed Trump for the loss of his seat.  

“President Trump had to insert himself and that changed the nature of the race and that created just too much of an obstacle,” Toomey told CNN in November, explaining why he thought celebrity doctor Mehmet Oz, whom Trump backed in the primary, lost to now-Sen. John Fetterman (D-Pa.).  

Toomey was one of seven Republican senators who voted to convict Trump on the impeachment charge of inciting the Jan. 6, 2021, attack on the U.S. Capitol.  

Trump’s unsubstantiated claims that he lost the 2020 presidential election because of widespread fraud became a litmus test in some Senate Republican primaries and came back to haunt those candidates who embraced those claims in the general election.  

In New Hampshire, where Republicans thought at the start of the 2022 election cycle they had a good chance of knocking off vulnerable Sen. Maggie Hassan (D), Republican candidate Don Bolduc won the primary after embracing Trump’s election fraud claims. That turned out to be a liability in the general election and Bolduc tried to back away from that stance after winning the primary, telling Fox News in September that he concluded after doing research on the matter that the election was not stolen. He wound up losing to Hassan by 9points.  

Mark Weaver, a Republican strategist based in Ohio, where Republicans are hoping to defeat Sen. Sherrod Brown (D) next year, said Trump’s endorsement is a liability for GOP candidates in a general election.  

“In the general election, a Trump endorsement is always going to hurt because he will always be a red cape to the Democratic bull and I don’t see independents growing any fonder of Donald Trump,” he said, referring to the energizing effect Trump has on Democratic voters.  

Some Republican strategists outside the Beltway, however, see Trump as an asset for Republican candidates in battleground states such as Ohio.  

Mehek Cooke, a Republican strategist and attorney based in Columbus, Ohio, said Trump’s endorsement is “a very net positive” in a general election.

“I think there’s a lot of support for President Trump in the state of Ohio,” she said. “If the Senate Republicans in Washington really want to win against Sherrod Brown, they’re going to come together and work with Trump or any other candidate, rather than continuing the division we see in our country.”

Trump carried Ohio in 2016 and 2020 with 51 percent and 53 percent of the vote, respectively.

Now, Trump is dividing Republicans over another controversy: his call to defund the Department of Justice and FBI in response to federal investigations of his role in the incitement of the Jan. 6 attack on the Capitol and his handling of classified documents at Mar-a-Lago.

A Senate Republican aide told The Hill that idea won’t get any significant traction in the Senate GOP conference, while House Judiciary Committee Chairman Jim Jordan (R-Ohio) says Congress should use its power of the purse to push back on federal investigations of Trump.  

Jordan on Thursday subpoenaed Mark Pomerantz, who formerly worked in the Manhattan district attorney’s office, citing Congress’s interest “in preventing politically motivated prosecutions of current and former presidents by elected state and local prosecutors.”   Pentagon: Interagency effort underway to assess impact of leaked materials Casey to seek reelection to Senate in Pennsylvania

Bonjean, the GOP strategist and former leadership aide, said that Trump shifts the debate in Senate races away from the topics that GOP leaders want to emphasize: inflation, gas prices, crime, the border and federal spending.  

“When Trump injects himself into these primaries, then our candidates have to talk about Jan. 6, Stormy Daniels, stolen elections and those are not matters that Main Street voters really want to hear about,” he said.  

“They want to know how you’re going to solve their problems and if you’re actually relatable as a politician, as an elected official, and those issues aren’t very relatable to general election voters,” he added.

Continue Reading

Sports

Source: USC flips Ducks’ Topui, No. 3 DT in 2026

Published

on

By

Source: USC flips Ducks' Topui, No. 3 DT in 2026

USC secured the commitment of former Oregon defensive tackle pledge Tomuhini Topui on Tuesday, a source told ESPN, handing the Trojans their latest recruiting victory in the 2026 cycle over the Big Ten rival Ducks.

Topui, ESPN’s No. 3 defensive tackle and No. 72 overall recruit in the 2026 class, spent five and half months committed to Oregon before pulling his pledge from the program on March 27. Topui attended USC’s initial spring camp practice that afternoon, and seven days later the 6-foot-4, 295-pound defender gave the Trojans his pledge to become the sixth ESPN 300 defender in the program’s 2026 class.

Topui’s commitment gives USC its 10th ESPN 300 pledge this cycle — more than any other program nationally — and pulls a fourth top-100 recruit into the impressive defensive class the Trojans are building this spring. Alongside Topui, USC’s defensive class includes in-state cornerbacks R.J. Sermons (No. 26 in ESPN Junior 300) and Brandon Lockhart (No. 77); four-star outside linebacker Xavier Griffin (No. 27) out of Gainesville, Georgia; and two more defensive line pledges between Jaimeon Winfield (No. 143) and Simote Katoanga (No. 174).

The Trojans are working to reestablish their local recruiting presence in the 2026 class under newly hired general manager Chad Bowden. Topui not only gives the Trojans their 11th in-state commit in the cycle, but his pledge represents a potentially important step toward revamping the program’s pipeline to perennial local powerhouse Mater Dei High School, too.

Topui will enter his senior season this fall at Mater Dei, the program that has produced a long line of USC stars including Matt Leinart, Matt Barkley and Amon-Ra St. Brown. However, if Topui ultimately signs with the program later this year, he’ll mark the Trojans’ first Mater Dei signee since the 2022 cycle, when USC pulled three top-300 prospects — Domani Jackson, Raleek Brown and C.J. Williams — from the high school program based in Santa Ana, California.

Topui’s flip to the Trojans also adds another layer to a recruiting rivalry rekindling between USC and Oregon in the 2026 cycle.

Tuesday’s commitment comes less than two months after coach Lincoln Riley and the Trojans flipped four-star Oregon quarterback pledge Jonas Williams, ESPN’s No. 2 dual-threat quarterback in 2026. USC is expected to continue targeting several Ducks commits this spring, including four-star offensive tackle Kodi Greene, another top prospect out of Mater Dei.

Continue Reading

Environment

SunZia Wind’s massive 2.4 GW project hits a big milestone

Published

on

By

SunZia Wind’s massive 2.4 GW project hits a big milestone

GE Vernova has produced over half the turbines needed for SunZia Wind, which will be the largest wind farm in the Western Hemisphere when it comes online in 2026.

GE Vernova has manufactured enough turbines at its Pensacola, Florida, factory to supply over 1.2 gigawatts (GW) of the turbines needed for the $5 billion, 2.4 GW SunZia Wind, a project milestone. The wind farm will be sited in Lincoln, Torrance, and San Miguel counties in New Mexico.

At a ribbon-cutting event for Pensacola’s new customer experience center, GE Vernova CEO Scott Strazik noted that since 2023, the company has invested around $70 million in the Pensacola factory.

The Pensacola investments are part of the announcement GE Vernova made in January that it will invest nearly $600 million in its US factories and facilities over the next two years to help meet the surging electricity demands globally. GE Vernova says it’s expecting its investments to create more than 1,500 new US jobs.

Advertisement – scroll for more content

Vic Abate, CEO of GE Vernova Wind, said, “Our dedicated employees in Pensacola are working to address increasing energy demands for the US. The workhorse turbines manufactured at this world-class factory are engineered for reliability and scalability, ensuring our customers can meet growing energy demand.”

SunZia Wind and Transmission will create US history’s largest clean energy infrastructure project.

Read more: The largest clean energy project in US history closes $11B, starts full construction


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Stablecoin issuer Circle files for IPO as public markets open to crypto

Published

on

By

USDC stablecoin issuer Circle files for IPO as public markets open to crypto

Jeremy Allaire, Co-Founder and CEO, Circle 

David A. Grogan | CNBC

Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.

The prospectus, filed with the SEC on Tuesday, lays the groundwork for Circle’s long-anticipated entry into the public markets.

JPMorgan Chase and Citigroup are serving as lead underwriters, and the company is reportedly aiming for a valuation of up to $5 billion. It will trade under ticker symbol CRCL.

It marks Circle’s second attempt at going public. A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York.

Circle reported $1.68 billion in revenue and reserve income in 2024, up from $1.45 billion in 2023 and $772 million in 2022. The company reported net income last year of about $156 million., down from $268 million a year earlier.

Read more about tech and crypto from CNBC Pro

A successful IPO would make Circle one of the most prominent pure-play crypto companies to list on a U.S. exchange. Coinbase went public through a direct listing in 2021 and has a market cap of about $44 billion.

Circle will be trying to hit the public markets at a volatile moment for tech stocks, with the Nasdaq having just wrapped up its steepest quarterly drop since 2022. The tech IPO market has been mostly dry for over three years, though there are signs of life. Online lender Klarna, digital health company Hinge Health and ticketing marketplace StubHub have all filed their prospectuses recently. Late last week, artificial intelligence infrastructure provider CoreWeave held the biggest IPO for a U.S. venture-backed tech company since 2021. But the company scaled back the offering and the stock had a disappointing first two days of trading before rebounding on Tuesday.

Circle is best known as the issuer of USD Coin (USDC), the world’s second-largest stablecoin by market capitalization.

Pegged one-to-one to the U.S. dollar and backed by cash and short-term Treasury securities, USDC has roughly $60 billion in circulation and makes up about 26% of the total market cap for stablecoins, behind Tether‘s 67% dominance. Its market cap has grown 36% this year, however, compared with Tether’s 5% growth.

The company’s push into public markets reflects a broader moment for the crypto industry, which is enjoying political favor under a more crypto-friendly U.S. administration. The stablecoin sector specifically has been ramping up as the industry gains confidence that the crypto market will get its first piece of U.S. legislation passed and implemented this year, focusing on stablecoins. President Donald Trump has said he hopes lawmakers will send stablecoin legislation to his desk before Congress’s August recess.

Stablecoins’ growth could have investment implications for crypto exchanges like Robinhood and Coinbase as they become a bigger part of crypto trading and cross-border transfers. Coinbase also has an agreement with Circle to share 50% of the revenue of its USDC stablecoin, and Coinbase CEO Brian Armstrong said on the company’s most recent earnings call that it has a “stretch goal to make USDC the number 1 stablecoin.” 

The stablecoin market has grown about 11% so far this year and about 47% in the past year, and has become a “systemically important” part of the crypto market, according to Bernstein. Historically, digital assets in this sector have been used for trading and as collateral in decentralized finance (DeFi), and crypto investors watch them closely for evidence of demand, liquidity and activity in the market.

WATCH: Circle CEO on launching first stablecoin in Japan

Circle CEO on launching the first stablecoin in Japan

Continue Reading

Trending