Wednesday, June 17th, 2026 - Kash's FBI Slush Fund, Trump's Crypto Bank, Study Shows Tariffs Failed, Reflecting Pool Is Green

Today's Headlines: Kash Patel allegedly authorized a taxpayer-funded slush fund to pay loyal FBI agents roughly $40,000 each — over a million dollars total — which Democratic congressman Jamie Raskin described as either corrupt cash payments to friends or hush money for agents who witnessed his drinking, and separately, Patel blew the cover of a sealed ongoing investigation by tweeting that the FBI foiled a plot to attack the UFC fight before anyone was supposed to know about it, which the Secret Service was furious about. The plot itself involved five American citizens arrested across four states who planned a drone and gun attack on the White House cage match, motivated by hatred of "capitalist elites" and AIPAC donors. On the corruption beat, Trump's family crypto firm World Liberty Financial is reportedly about to receive a federal banking charter, creating a perfectly smooth legal route for anyone who wants to pay the president directly. Meanwhile, a study from Mike Pence's own think tank found that Trump's tariffs eliminated a million jobs and that 90% of the $265 billion in tariff revenue was paid by American importers rather than foreign countries, which is exactly what economists said would happen. At the G7 in France, Trump still won't reveal the actual terms of the Iran agreement, announced the US would pull some troops out of Europe after European leaders condemned the Iran war, and displayed some concerning physical symptoms that everyone was too polite to mention. A Russian warship fired five warning shots at a British yacht carrying two retirees in the English Channel, which Russia called an "isolated incident" and blamed on the yacht dangerously approaching a warship — a yacht. Secret White House memos revealed by the Haberman/Swan book show the administration seriously debated suspending habeas corpus and invoking the Insurrection Act, with Stephen Miller pushing hard for both until a staff secretary talked him down, which means we came closer to martial law than anyone announced. And the newly renovated $14 million reflecting pool, already covered in algae, is now being treated with hydrogen peroxide poured in gallon by gallon.  Resources/Articles mentioned: MS Now: Kash Patel may have a 'personal slush fund' of taxpayer dollars to pay loyalist agents, says Raskin The Independent: Secret Service enraged at FBI Director Kash Patel after premature announcement about UFC event terror plot: report NBC News: FBI arrests 5 in alleged plot to attack White House UFC event with explosives-laden drones and guns NOTUS: Trump’s Family Crypto Firm Is Expected to Get Federal Banking Privileges Fox News: Trump bet tariffs would bring back American factory jobs. New report says it didn't work NYT: Frustrated by Courts, Trump Weighed Suspending a Constitutional Right NYT: After a Bitter Split, European Leaders Play Nice With Trump BBC: Russian warship fires warning shots near UK-registered yacht in Channel The Hill: Workers dump hydrogen peroxide into reflecting pool to fight algae Subscribe to the Betches News Room and join the Morning Announcements group chat. Go to: betchesnews.substack.com Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices