A New Rule Goes Live in September - and the Banks Are Quietly Cashing In

This September, Big Banks will treat a new asset like cash-more trusted than stocks, bonds, or even the dollar. Economist Peter Schiff calls it "the only form of money trusted by the banking system." See how to move retirement savings into it tax-free with this free Wealth Protection Guide.

Judge orders Trump administration to explain why order to restore Voice of America wasn't followed

DAVID BAUDER
July 30, 2025

A federal judge on Wednesday essentially accused the Trump administration of ignoring his orders to restore Voice of America's operations and explain clearly what it is doing with the government-run operation that provides news to other countries.

U.S. District Judge Royce Lamberth of the District of Columbia gave the administration until Aug. 13 to explain how it will get VOA working again. The outlet that dates back to World War II has been largely dark since March.

Lamberth said the administration needs to show what it is doing with the $260 million Congress appropriated for VOA's operations this year.

Kari Lake, the adviser appointed by Trump to run the government news agencies, said in June that 85% of employees at VOA and its overseers at the U.S. Agency for Global Media had lost their jobs. She called it a "long overdue effort to dismantle a bloated, unaccountable bureaucracy."

Lamberth said there's a process for eliminating funding that had previously been appropriated -- Congress must vote on it, as it recently did for NPR and PBS funding. But that hasn't happened here, he said.

He scolded the administration for providing "cagey answers" and omitting key information when asked for it in previous court orders.

"Without more explanation, the court is left to conclude that the defendants are simply trying to run out the clock on the fiscal year, without putting the money Congress appropriated toward the purposes Congress intended," Lamberth wrote. "The legal term for that is 'waste.'"

There was no immediate comment from the White House.

___

David Bauder writes about the intersection of media and entertainment for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social.

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