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Corporations and Billionaires Racing to Fund Trump’s Inauguration with Million-Dollar Donations

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As Donald Trump prepares for his upcoming inauguration next month, a range of Fortune 500 companies, crypto firms, and individual billionaires are pledging substantial financial support, with some donations reaching up to $5 million. These contributions, aimed at underwriting the inaugural events, are part of a larger effort to build relationships with the incoming administration.

Amazon, Ford Motor Company, and hedge fund billionaire Ken Griffin are among the companies offering donations at the $1 million level. Cryptocurrency company Ripple is contributing $5 million in XRP digital currency, a move that highlights the growing influence of the crypto industry in Washington. While the swearing-in ceremony itself is funded by taxpayers, the accompanying events, including a candlelight dinner with Trump and exclusive VIP access, are privately financed.

The inaugural committee is offering perks such as access to private dinners with Trump and his wife Melania, and tickets to events like the “Starlight Ball” and the inauguration parade. These high-level donations are seen as a way for corporate interests and wealthy individuals to align themselves with the new administration, according to political analysts.

Michael Beckel, research director at Issue One, explained that large donations are a way to gain access to the president and key officials. “Money is a way of building relationships in Washington,” he said. “Everyone is racing to make friends with the incoming president, who has significant power.”

There are no legal limits on the size of donations to an inaugural committee, allowing companies and individuals to contribute large sums without restrictions. The identities of donors who contribute more than $200 will be disclosed 90 days after the event, following a report filed with the Federal Election Commission.

The crypto industry, in particular, has been eager to engage with the new administration. Coinbase, a major cryptocurrency trading platform, donated $1 million to support the inauguration, reflecting its goal of establishing regulatory clarity for digital currencies. Robinhood, an online trading platform, has also pledged $2 million, aiming to influence policies that promote free markets and consumer choice.

Companies like Ford and General Motors, which supported Trump’s first inauguration in 2017, are continuing their contributions this year, with each donating $1 million. These companies are hoping for favorable policies, such as trade deals and tax regulations, under Trump’s leadership.

In addition to corporate donations, individual supporters are also giving generously. Sheldon Adelson, a major donor to Trump’s first inauguration, was the largest individual contributor with $5 million in 2017. His widow, Dr. Miriam Adelson, is helping finance this year’s event.

The high-stakes nature of these donations underscores the deep ties between big business and politics, with many contributors seeking access to power in the new administration. As the inauguration approaches, these donors will enjoy unparalleled access to the president and his team, highlighting the significant influence of money in shaping the political landscape.

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Top USAID Security Officials Placed on Leave After Tense Confrontation with Musk’s Government Office

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Two senior security officials at the U.S. Agency for International Development (USAID) were placed on administrative leave Saturday after they refused access to personnel from Elon Musk’s newly established Department of Government Efficiency (DOGE). The confrontation escalated when DOGE staff attempted to physically enter USAID’s Washington, D.C. headquarters and threatened to involve law enforcement, according to multiple sources familiar with the situation.

The DOGE personnel allegedly demanded access to USAID’s security systems and personnel files, and some sources claimed they sought classified information as well. When denied access, DOGE staff reportedly threatened to call U.S. Marshals to gain entry, further intensifying the standoff.

The two USAID officials placed on leave, Director of Security John Voorhees and his deputy, are the latest in a series of high-level departures at the agency. These events have sparked concerns among some lawmakers that the Trump administration may be deliberately undermining USAID. Rumors have circulated that President Donald Trump is considering signing an executive order to merge USAID with the U.S. State Department, a move that Democratic lawmakers have argued would be illegal.

USAID, which provides billions of dollars in foreign assistance annually, plays a critical role in global efforts to combat poverty, address health crises, and respond to natural disasters. The agency employs more than 10,000 people, with a significant portion of its workforce stationed abroad. In fiscal year 2023, USAID extended assistance to about 130 countries.

This incident comes on the heels of other developments at the agency, including the suspension of around 60 senior USAID staff last week. These employees were accused of attempting to bypass an executive order regarding foreign aid, though no evidence of wrongdoing was found. Another senior official was also put on leave for attempting to reverse the action.

In addition, it has been reported that the entire USAID public affairs office was locked out of its systems, leaving staff without access to their work.

CNN has reached out to both the White House and USAID for further comment on the ongoing situation.

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Tension Inside Treasury Department After Trump’s Team Targets Payment Processing System

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A series of unsettling interactions between Donald Trump’s transition team and top Treasury Department officials has raised concerns over the future of federal payment systems. Just weeks before Trump’s inauguration, his team, including members of Elon Musk’s Department of Government Efficiency (DOGE), sought detailed information on how the Treasury’s Bureau of the Fiscal Service (BFS) processes trillions of dollars in government payments annually.

These payments, including Social Security benefits, tax refunds, and salaries for federal workers, are handled by BFS, a critical department responsible for nearly 90 percent of federal disbursements, amounting to over $5 trillion a year. What began as a routine inquiry soon turned into an alarming effort to examine the department’s payment systems more closely, with Trump’s team requesting access to sensitive information about the disbursement process.

Career Treasury officials were concerned by the unusual focus on the BFS. The requests, which included details about the department’s proprietary computer systems and field offices handling payments, raised suspicions among officials, particularly as they were unprecedented in previous presidential transitions. These actions, combined with the repeated focus on payment infrastructure, prompted worries about possible disruptions to an essential financial system.

Tensions escalated following the recent resignation of David Lebryk, the Treasury Department’s top civil servant, who left amid mounting pressure from Trump’s allies. Sources claim that Trump-affiliated officials had pressed to explore the Treasury’s ability to halt specific payments. Lebryk, however, pushed back, stating that halting payments was not within the bureau’s role, which is to disburse funds as directed by other agencies.

The controversy surrounding federal payments grew when the Office of Management and Budget (OMB) directed a freeze on trillions of dollars in federal spending, an order that was rescinded after causing an uproar. The episode, which involved Trump’s pick for Treasury Secretary, Scott Bessent, further amplified divisions within the department.

This week, Sen. Elizabeth Warren called for an investigation into the matter, expressing concern over Musk’s involvement and the potential political interference in critical payment processes. Musk had previously indicated his interest in reforming payment approval systems, claiming that Treasury officials had historically approved payments, including those to fraudulent or terrorist groups. This assertion, however, overlooks the established systems in place to ensure lawful payments.

As political maneuvering continues, the future of the BFS remains uncertain. The department’s crucial role in maintaining the country’s financial stability could be jeopardized by ongoing efforts to alter or halt certain federal payments, potentially undermining the trust necessary for a smooth-running economy. Meanwhile, the legal challenges to the administration’s spending freeze continue, highlighting the deep legal implications of any efforts to disrupt government payments.

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Guantanamo Bay Could Play Key Role in Trump’s Immigration Plan

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The U.S. Naval base at Guantanamo Bay, located in Cuba, is poised to take on a new role in President Donald Trump’s ongoing efforts to overhaul the nation’s immigration system. Known globally for its high-security prison housing alleged terrorist suspects, including Khalid Sheikh Mohammed, the base has long been a subject of human rights debates. Now, it could become central to Trump’s crackdown on illegal immigration, as the administration looks to increase detention space for migrants.

For decades, Guantanamo has also been home to a separate migrant detention facility, traditionally used to hold Haitian and Cuban refugees intercepted at sea before they reach U.S. shores. Now, Trump’s administration has instructed the Department of Defense and Homeland Security to prepare the base to house up to 30,000 detainees, though it remains unclear whether the facility can support such a large number of people.

The move to utilize Guantanamo for migrant detentions serves two key purposes for Trump. Firstly, it addresses the immediate need for more detention space in the face of rising migrant arrests. Secondly, the base’s notorious reputation could help bolster Trump’s image as tough on immigration, a message he has long used to energize his base and show voters he is fulfilling campaign promises.

The Guantanamo facility, which is distinct from the infamous prison for terror suspects, has faced its own share of criticism. Civil rights groups have raised alarms about the facility’s treatment of detainees, pointing to inhumane conditions such as contaminated water, open sewage exposure, and inadequate medical care. Despite these issues, the Biden administration considered utilizing the base for Haitian migrant processing last year.

The decision to repurpose the facility is likely to stir controversy, especially given Guantanamo’s historical significance as a symbol of human rights abuses. Vince Warren, Executive Director of the Center for Constitutional Rights, expressed concern over the potential for abuse, calling it “a global symbol and site of lawlessness, torture, and racism.” He warned that the move would exacerbate the stigma surrounding migrants, especially when associated with the infamous prison.

Trump’s announcement came at a White House ceremony for the signing of the Laken Riley Act, named in honor of a Georgia nursing student killed by an undocumented migrant. The new law mandates the detention of undocumented migrants accused of certain crimes, such as theft or burglary, reinforcing Trump’s hardline stance on immigration.

While Guantanamo’s symbolic power may resonate with many Republicans, it raises significant legal and ethical questions. Critics fear the facility could become a tool for further erosion of migrant rights, especially as the U.S. grapples with the complex issue of asylum claims. Already, groups like the International Refugee Assistance Project have called for a shutdown of the center, citing its history of poor conditions and limited access to legal protections.

The expansion of the Guantanamo facility for migrants also raises logistical concerns. According to officials, the base may have housed 30,000 people in the 1990s, but current infrastructure and staffing levels would need significant upgrades to accommodate such a large number of detainees.

The announcement of Guantanamo’s new role in Trump’s immigration strategy also sparked outrage from Cuban President Miguel Díaz-Canel, who condemned the U.S. government’s plans and labeled the move as an act of brutality. With both sides of the political spectrum reacting strongly to the announcement, the controversy surrounding Guantanamo Bay is far from over.

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