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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that it has completed the acquisition of Rio Tinto Exploration Canada Inc.’s (‘RTEC’) minority interest in the Russell Lake Uranium Project (‘Russell Lake’ or the ‘Project’) pursuant to the previously announced definitive and binding purchase agreement (the ‘Purchase Agreement’). The Project is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan, with access to regional infrastructure, including an all-weather road and powerline.

Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/2025-11-14%20SKY-RussellLake-Updated.jpg

Transaction Details:

Immediately prior to closing, RTEC’s interest in the Project was approximately 42.3%. Pursuant to the terms of the Purchase Agreement, Skyharbour has acquired 100% of RTEC’s minority interest in the Project in exchange for cash consideration of C$10 million (the ‘Purchase Price’). The Purchase Price consisted of a C$2 million deposit, paid on signing the Purchase Agreement, and a C$8 million cash payment paid at closing.

Skyharbour has granted to RTEC a 0.25% net smelter returns royalty over Russell Lake. The acquisition of RTEC’s interest in Russell Lake has increased Skyharbour’s interest in the Project to 100%, subject to several other net smelter return royalties held by third parties.

Russell Lake Uranium Project Overview:

The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,314 hectares strategically located between Cameco’s Key Lake and McArthur River Projects, and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road.

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 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, which hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leaders Denison Mines, Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Russell, Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/maps/SKY-SaskProject-Locator-2025-12-08.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, exploration and development successes, regulatory approvals including TSXV approval, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

 

News Provided by GlobeNewswire via QuoteMedia

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Gareth Soloway of VerifiedInvesting.com shares his outlook for gold, silver and Bitcoin.

For gold, he outlines two different scenarios — a breakout to US$5,000 per ounce, potentially early in 2026, or a pullback to the US$3,500 to US$3,600 level.

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

This post appeared first on investingnews.com

TSX-V: WLR 
Frankfurt: 6YL

 CMC Metals Ltd. (TSXV: CMB) (Frankfurt: ZM5P) (‘CMC’ or the ‘Company’) is pleased to announce that it has settled and extinguished $77,600 of outstanding debt (the ‘Debt’) through the issuance of common shares of the Company (the ‘Shares’).

In accordance with the settlement of debt (the ‘Debt Settlement‘), the Company will issue 405,714 common shares to one non-arm’s length creditor of the Company (the ‘Non-Arm’s Length Creditor‘) and 333,333 common shares to one arm’s length creditor (the ‘Arm’s Length Creditor‘) at a deemed price of $0.105 per Share. The Company has entered into administrative and professional services agreements provided between the periods of April to August 2025, inclusive, with the Non-Arm’s Length Creditor for services provided and services agreements for the period April to October 2025, inclusive with the Arm’s Length Creditor.

The Company chose to settle and extinguish the Debt through the issuance of Shares to preserve cash and improve the Company’s balance sheet. The Debt Settlement is subject to approval by the TSX Venture Exchange (the ‘TSXV‘). No new insiders will be created, nor will any change of control occur as a result of the issuance of the Shares.

The shares issued are subject to a four month hold period, which will expire on a date that is four months and one day from the date of issuance.

As certain insiders are party to the Agreement for $35,000 or 333,333 shares, it may be considered a ‘related party transaction’ under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61-101’) and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares being issued to insiders in connection with the Service Shares does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

Kevin Brewer, President and CEO of Walker Lane Resources Ltd. noted ‘We have significantly reduced our debt load, and minimized operating costs and expenditures, to deal with the challenges our sector has faced in 2024. The participation of my own company and a primary service company is testimony to the belief of myself and the Board that WLR has significant opportunities to enhance shareholder value in the near future.’

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/17/c7013.html

News Provided by Canada Newswire via QuoteMedia

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Sen. Lindsey Graham warned that the U.S. mission in Venezuela must end with Nicolás Maduro removed from power, arguing that leaving the embattled leader in place after a major U.S. show of force would be a ‘fatal mistake to our standing in the world.’

‘If after all this, we still leave this guy in power… that’s the worst possible signal you can send to Russia, China, Iran,’ Graham, R-S.C., told reporters after a classified all-senator briefing with War Secretary Pete Hegseth and Secretary of State Marco Rubio.

Trump administration officials did not say whether a series of narco-strikes in the Caribbean could escalate into direct strikes against Venezuelan territory or a broader campaign to oust Maduro. Sen. Richard Blumenthal, D-Conn., told Fox News Digital the briefing was ‘absent of specificity and detail’ and left ‘more questions than answers.’

‘I want to reassert, again, you cannot allow this man to be standing after this display of force, and I did not get a very good answer as to what happens,’ Graham said. ‘What I want is some clarity going forward. Is that in fact the goal?… If it’s not the goal, it is a huge mistake.’

Rep. Don Bacon, R-Neb., said he heard from briefers that there is a ‘very good process of determining if something’s a target or not’ before striking narco-trafficking boats, but the administration did not clarify its broader strategy toward the Maduro regime. 

‘Right now the focus has been on the boats,’ Bacon said. ‘I don’t know what we’re doing yet with Venezuela writ large.’

Rep. Gregory Meeks, D-N.Y., said the classified session also failed to address core questions. 

‘I actually think that was, for me, more of an exercise in futility. I really have no answers. Really didn’t gain anything more than what the public already has gotten,’ he said. He added that there was ‘really no conversation about why… we got 15,000 troops there,’ arguing the deployment ‘doesn’t seem to be just about narcotics trafficking.’ 

Meeks said briefers provided ‘no real rational decision or real answers’ about whether the U.S. is preparing for ‘a war in Venezuela,’ raising what he described as a pressing war powers issue. He said he plans to bring forward legislation this week addressing the recent strikes ‘in the Pacific, in the Caribbean’ as well as any potential move by Trump ‘to go into Venezuela.’

Rubio told reporters the mission is ‘focused on dismantling the infrastructure of these terrorist organizations that are operating in our hemisphere, undermining the security of Americans, killing Americans, poisoning Americans.’

Hegseth told reporters the War Department would not release video footage of the Sept. 2 narco-strikes — in which Adm. Frank Bradley ordered a ‘double tap’ strike to kill survivors — to the public. The video will instead be shown to the House and Senate Armed Services Committees.

Graham dismissed the footage as ‘the least of my concerns’ but said he urged Hegseth to release it so Americans could ‘make your own decisions.’

Hegseth and Rubio’s briefing came as the U.S. undertakes its largest military buildup in the region in decades: 15% of all naval assets are now positioned in the Southern Command theater. Graham cited the deployment as evidence that anything short of Maduro’s removal would undermine U.S. credibility. 

‘It got, yeah, 15% of the Navy pointed to this guy,’ he said.

Graham also pointed to historical precedent, arguing the U.S. has acted similarly when confronting hostile or destabilizing regimes. 

‘We have legal authority, in my view, to do in Venezuela what we did regarding Panama and Haiti,’ he said, recalling that in 1989 the U.S. ‘literally invaded Panama… took the president in power and put him in jail.’

He said he believes Trump intends a comparable outcome. 

‘Every indication by President Trump is that the purpose of this operation is to shut down the (Maduro) regime and replace it with something less threatening to the United States,’ Graham said.

Pressed on whether he meant regime change or lethal force, Graham replied: ‘I don’t care as long as he leaves.’

The public is now waiting to see whether the Trump administration will turn to direct strikes on Venezuelan territory as a means of pressuring Maduro to leave power — a step Graham argued is necessary for the operation to succeed.

This post appeared first on FOX NEWS

Sen. Eric Schmitt, R-Mo., is being sued by the People’s Republic of China (PRC) for tens of billions of dollars in damages for a lawsuit he filed against the country during his time as Missouri’s attorney general.

Schmitt is being sued by the People’s Government of Wuhan Municipality, the Chinese Academy of Sciences and the Wuhan Institute of Virology of the Chinese Academy of Sciences for roughly $50 billion, several years after the lawmaker sued the country during the COVID-19 pandemic.

The lawsuit, first obtained by Fox News Digital, accused Schmitt, FBI co-deputy director Andrew Bailey, and the state of Missouri of damaging the reputations of China, Wuhan and the associated research facilities through ‘malicious vexatious litigation, fabricating enormous disinformation, and spreading stigmatizing and discriminating slanders.’

Schmitt said in a statement to Fox News Digital that he’d been ‘banned from Communist China, and now I am being sued and targeted by Communist China in a $50 billion lawfare campaign, and I’ll wear it like a badge of honor.’ 

‘China’s sinister malfeasance during the COVID-19 pandemic led to over a million Americans losing their lives, economic turmoil that rocked our country for years, and an enormous amount of human suffering, and as Missouri Attorney General I filed suit to hold them accountable,’ Schmitt said. ‘Instead of trying to defend its indefensible behavior, Communist China responded with frivolous lawfare, attempting to absolve themselves of all wrongdoing in the early days of the pandemic.’ 

‘This novel lawsuit is factually baseless, legally meritless, and any fake judgment a Chinese court issues in this lawsuit we will easily beat back and keep from being enforced against the people of Missouri or me,’ he continued. ‘This is their way of distracting from what the world already knows, China has blood on its hands.’

Schmitt, who served as attorney general for the Show-Me state from 2019 to 2023, sued the PRC, several Chinese government ministries, the Communist Party of China, the Wuhan Institute of Virology and the Chinese Academy of Sciences in early 2020, shortly after the beginning of the COVID-19 pandemic.

At the time, Schmitt accused the Chinese government of withholding information on the COVID-19 virus, failing to contain the outbreak of the virus, and actively hoarding high-quality personal protective equipment (PPE) while producing and selling lower-quality PPE for the rest of the world.

That case resulted in an eventual $24 billion judgment earlier this year.

The lawsuit against Schmitt, Bailey, who resigned as Missouri’s attorney general after he was tapped by President Donald Trump to serve as co-deputy FBI director in September, and Missouri contended that the preceding lawsuit, and statements published across a variety of media outlets, led to severe reputational and economic harm.

They’re demanding that apologies be published in several outlets, including The New York Times, CNN, Wall Street Journal, Washington Post and Chinese media outlets. The apologies come with a price tag, too.

Wuhan and the Chinese government demanded compensation of over 356 billion Chinese Yuan, which converts to just over $50 billion dollars.

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A federal judge on Tuesday said he was ‘inclined to deny’ a bid to force the Trump administration to halt construction of the White House ballroom but warned officials not to undertake any irreversible work before a January hearing that could still stop the project.

U.S. District Judge Richard Leon said he will hold another hearing during the second week in January and hinted he may still order a pause.

‘Any below ground construction’ in the coming weeks that dictates above-ground work should be avoided, Leon said, adding, ‘be prepared to take that down.’

Lawyers for the National Trust for Historic Preservation in the U.S. argued the case is not about the need for a ballroom but about the need to follow the law.

They said any construction on federal land requires congressional approval.

Lawyers representing the National Park Service countered that President Trump has authority to direct construction at the White House, saying ‘work must continue for national security issues.’

‘See you in January,’ Leon said as he warned the government not to pursue anything irreversible.

Attorney General Pam Bondi weighed in Tuesday evening.

‘Today @TheJusticeDept attorneys defeated an attempt to stop President Trump’s totally lawful East Wing Modernization and State Ballroom Project,’ she wrote on X. ‘President Trump has faced countless bad-faith left-wing legal attacks – this was no different. We will continue defending the President’s project in court in the coming weeks.’

On Monday, the Trump administration argued in a court filing that pausing construction would undermine national security, citing a Secret Service declaration warning that halting work would leave the site unable to meet ‘safety and security requirements’ necessary to protect President Donald Trump.

The declaration said the East Wing, demolished in October and now undergoing below-grade work, could not be left unfinished without compromising essential security measures.

The National Trust for Historic Preservation sued last week to stop the project, arguing the government had to follow federal review procedures before any irreversible work began.

The group said the proposed 90,000-square-foot addition, now estimated at more than $300 million, would overwhelm the Executive Residence and permanently alter the White House’s historic design.

The administration countered that the lawsuit was premature, noting regulatory reviews were still coming and above-grade construction was not scheduled to begin until April 2026.

The National Trust said early intervention was necessary, citing warnings from architectural historians who said the ballroom would mark the most significant exterior change to the White House in more than 80 years.

Fox News Digital’s Ashley Carnahan contributed to this report.

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There’s a year-end rush in all aspects of life.

Businesses try to run up profits in December. Supervisors want to finish employee reviews. Professors must grade exams.

Congress is no different.

There’s always a race to the finish line in December on Capitol Hill. 

This year’s adventure is health care. But it’s a practical impossibility that Congress can actually make law on health care before the calendar flips. Premium spikes for 24 million Americans loom on January 1st. Congress tried — kinda — to address this problem. But not really.

So, if you’re that professor handing out the grades at the end of the semester, prepare to flunk some pupils, if not the entire Congressional student body.

Senate Majority Leader John Thune, R-S.D., hermetically sealed any possibility of addressing health care in 2025 on Tuesday afternoon.

‘We’re not going to pass anything by the end of this week. But I do think there is a potential pathway in January if Democrats are willing to come to the table,’ said Thune.

House Speaker Mike Johnson, R-La., rapidly assembled a bill to allow groups of people – like a bunch of small businesses or a coalition of carpenters – to purchase what they call ‘association’ health plans. In other words, this alliance of people would suddenly have ‘buying power’ if they operate as a team. So if they purchase a set of plans as an ‘association,’ that would defray the cost.

‘This is going to be a great piece of legislation that everybody will unite around,’ said Johnson.

But many Republicans groused privately that it’s one thing to do ‘a health care bill.’ It’s another thing to actually short-circuit the astronomical leap in premiums which hit on January 1.

Rep. Don Bacon, R-Neb., spoke frankly about simply re-upping the existing subsidies.

‘We need to do deeper fixes. This is throwing good money after bad. There is some truth to that. But we have constituents. They’re going to have their premiums go up. That doesn’t help them. That’s why I think we need a temporary extension,’ said Bacon.

Many conservatives adamantly oppose continuing the subsidies. Even if that would help their constituents.

But Bacon addresses the realpolitik of the moment. 

‘It’s not our fault that these things are skyrocketing. But we are in charge. When you’re in charge, you’ve got to deal with it,’ said Bacon. ‘They’re going to have to find some compromise.’

A Christmas Congressional crunch often compels lawmakers to solve big legislative headaches before the holidays.

‘What intensifies the pressure is January 1st is coming,’ said Rep. Adam Smith, D-Wash. ‘It’s having a huge impact on people. I think that is definitely a forcing mechanism.’

The push from Democrats — and some vulnerable Republicans — was to renew the subsidies.

‘I don’t understand why we can’t just do a clean extension of what we just had in place earlier this year,’ said Rep. Alexandria Ocasio-Cortez, D-N.Y. ‘I think that is the easiest and most accessible, no nonsense thing for us to do. Especially as the year is coming to an end.’

But that wouldn’t fly with conservative Republicans.

‘I pity the Republican that has to explain why they would propagate or perpetuate a fraud-ridden subsidy from the COVID-era to prop up a failed health care program,’ said House Budget Committee Chairman Jodey Arrington, R-Texas. 

Rep. Eric Burlison, R-Mo., also opposes extending Obamacare help. But he worries what voters will think of Republicans if the party doesn’t address health care costs. 

‘I think that we fail the American people. We fail our base. We fail the Republican Party. Before I got up here, I was frustrated the Republicans didn’t repeal Obamacare,’ said Burlison. 

‘Repealing Obamacare’ probably won’t happen. That’s because the GOP has tried to unwind the measure since Democrats passed the first versions of it in late 2009. That’s why even through everyone was talking about health care on Capitol Hill, most were skeptical that lawmakers could solve this in a matter of days.

Despite possible Christmas magic.

And even as Thune punted health care into 2026, the House still nibbled around the edges. Critics argued this was only so House Republicans could inoculate themselves from denunciations that they did nothing on health care.

On Tuesday morning, Johnson nixed an idea from GOP moderates for a temporary extension of expiring Obamacare subsidies because it didn’t comply with Congressional budgetary rules.

But by afternoon, Johnson reversed himself to entertain another plan backed by Rep. Nick LaLota, R-N.Y. 

Rather than simply extending federal Obamacare subsidies on an interim basis — which means that insurance companies receive the money — LaLota’s idea provides a two-year tax deduction for those who previously received the Obamacare aid.

President Trump said he would not sign a bill which continued to send money to the insurance companies. So the revamped approach cuts out insurance companies from the equation and policyholders score the tax relief.

‘There’s a real possibility they’ll get a vote on it,’ said Johnson. ‘I’ve tried everything I can to get them that vote on the floor.’

But a roll call vote is a far cry from an actual fix. And it’s uncertain that the House would adopt any amendment and copy it onto the underlying GOP health care bill.

However, a vote on the amendment could give Republicans from swing districts a fig leaf to say they tried to defuse the health care premium crisis. And it’s still unclear if voters might blame Republicans for not addressing health care — now that Democrats copied that issue onto the fall government funding fight.

Health care will be a major issue in the 2026 midterms.

Senate Minority Leader Chuck Schumer, D-N.Y. appeared skeptical that Congress could address the skyrocketing premiums in the near year.

‘You can’t do it after January 1st,’ said Schumer. ‘It’s expired already. It’s not the same as it was before. Once it expires, the toothpaste is out of the tube. 

Schumer also refused to commit to deploying the same maneuver about health care as the next government funding deadline approaches on January 30.

In short, Congress isn’t going to solve health care by Christmas.

But perhaps by Groundhog Day?

If that’s the case, any discussion about health care tied to Groundhog Day, probably resembles, well, Groundhog Day.

This post appeared first on FOX NEWS

President Donald Trump on Tuesday ordered a total blockade of oil tankers entering or leaving Venezuela, declaring the Nicolás Maduro regime a foreign terrorist organization and accusing it of using stolen U.S. assets to finance terrorism, trafficking and other criminal activity.

‘Venezuela is completely surrounded by the largest Armada ever assembled in the History of South America,’ Trump said on Truth Social. ‘It will only get bigger, and the shock to them will be like nothing they have ever seen before – Until such time as they return to the United States of America all of the Oil, Land, and other Assets that they previously stole from us.

‘The illegitimate Maduro Regime is using Oil from these stolen Oil Fields to finance themselves, Drug Terrorism, Human Trafficking, Murder, and Kidnapping,’ he continued. ‘For the theft of our Assets, and many other reasons, including Terrorism, Drug Smuggling, and Human Trafficking, the Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION.

‘Therefore, today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela,’ Trump added. ‘The Illegal Aliens and Criminals that the Maduro Regime has sent into the United States during the weak and inept Biden Administration, are being returned to Venezuela at a rapid pace. America will not allow Criminals, Terrorists, or other Countries, to rob, threaten, or harm our Nation and, likewise, will not allow a Hostile Regime to take our Oil, Land, or any other Assets, all of which must be returned to the United States, IMMEDIATELY.’

Trump announced Wednesday that the U.S. had seized an oil tanker called the ‘Skipper’ off the coast of Venezuela, sharply escalating U.S. tensions with the nation. The tanker was seized for allegedly being used to transport sanctioned oil from Venezuela and Iran, according to Attorney General Pam Bondi.

The ‘Skipper’ is a vessel that secretly ferries oil in defiance of sanctions, while also being part of an armada of roughly 1,000 tankers that quietly navigate global sea routes to move oil from sanctioned countries like Russia, Iran and Venezuela, according to the administration.

The so-called ‘ghost ships’ sail under foreign flags to obscure their origins, repeatedly change names, shift ownership through shell companies, disable transponders to evade tracking and conduct mid-sea transfers to mask their cargo.

The ‘Skipper’ was loaded with an estimated 1.8 million barrels of oil earlier in December before transferring an estimated 200,000 barrels just before its seizure, Reuters reported.

The oil on the tanker is likely worth $60 million to more than $100 million, based on current average oil prices. Fox News Digital reached out to the White House for any additional comment on the estimated price tag of the oil but did not immediately receive a reply. 

The U.S. military has carried out strikes on suspected drug trafficking boats near Venezuela since September as part of Trump’s mission to end the flow of drugs into the nation.

There have been at least 22 strikes on suspected narcotraffickers near Venezuela, killing 87, since September.

The boat strikes are viewed as part of a U.S. pressure campaign on Venezuela likely aimed to not only curb the flow of drugs, but also to oust Maduro as leader of the oil-rich nation. 

Fox News Digital’s Amanda Macias contributed to this report.

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US President Donald Trump is reportedly weighing a major shift in federal drug policy that would relax decades-old restrictions on cannabis, potentially injecting new life into the industry.

Six people familiar with the discussions told the Washington Post that Trump is preparing an executive order directing federal agencies to pursue the reclassification of cannabis from a Schedule I substance to Schedule III.

The effort, still under internal review, was the focus of a December 10 phone call between Trump and House Speaker Mike Johnson, several of the sources said. Joining the call were cannabis industry executives, Secretary of Health Robert F. Kennedy Jr. and Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services.

The people spoke on the condition of anonymity because they were not authorized to discuss the meeting publicly.

Johnson reportedly expressed skepticism and laid out several studies and data points opposing rescheduling, but by the end of the call, Trump appeared inclined to proceed. However, the sources emphasized that no final decision has been made and that he could still change course; this was later confirmed by another White House official.

Reclassification would shift cannabis from Schedule I status — reserved for substances deemed to have high potential for abuse and no accepted medical use — to Schedule III, which includes Tylenol with codeine and certain steroids.

The shift would not legalize recreational use under federal law, but would remove some of the most onerous constraints faced by medical researchers and by companies operating legally in dozens of states.

“This would be the biggest reform in federal cannabis policy since marijuana was made a Schedule I drug in the 1970s,” said Shane Pennington, a DC attorney who represents companies involved in rescheduling litigation.

He noted that while Trump cannot unilaterally change the drug schedule, he can instruct the Department of Justice to bypass a pending administrative hearing and finalize the rule.

The political backdrop has shifted sharply in recent years. Cannabis is legal for medical use in most states and for recreational use in 24, and has become a multibillion-dollar industry. Both Democrats and Republicans have expressed interest in rescheduling even as broader legalization remains deeply contested at the federal level.

For cannabis businesses, reclassification would be economically transformative.

Current tax rules prohibit companies that sell Schedule I substances from deducting ordinary business expenses, a barrier that industry representatives have long described as crushing.

“This monumental change will have a massive, positive effect on thousands of state-legal cannabis businesses around the country,” said Brian Vicente, founding partner at Vicente. “Rescheduling releases cannabis businesses from the crippling tax burden they have been shackled with and allows these businesses to grow and prosper.”

Policy advocates say the move would eliminate a central pillar of the federal government’s 50 year prohibition regime, while also highlighting how much work remains.

“This is the beginning of a new era of public health policy,” said Shawn Hauser, also a partner at Vicente.

She called the directive “a long-overdue acknowledgment of marijuana’s medical value and safety,” while warning that rescheduling alone will not resolve broader regulatory inconsistencies or criminal justice disparities.

Trump, who said in August that he was “looking at reclassification,” inherited a stalled proposal originally launched by then-President Joe Biden that recommended moving cannabis to Schedule III.

Rescheduling’s origins trace back to October 2022, when Biden instructed the Department of Health and the Drug Enforcement Administration (DEA) to review whether the current classification for cannabis is scientifically justified.

Health officials concluded in 2023 that it is not, prompting the DEA to propose shifting cannabis to Schedule III in early 2024. The proposed rule has been frozen since March 2025.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (December 12) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$90,250.03, down by 2.6 percent over 24 hours. It has extended its bullish tone this week as markets absorbed the US Federal Reserve’s interest latest rate cut and reassessed risk sentiment across assets.

Bitcoin price performance, December 12, 2025.

Chart via TradingView.

The Fed has now cut rates three times in three months, bringing the target range down to 3.5 to 3.75 percent.

Bitcoin dipped to US$89,000 to US$90,000 lows at the US market open, echoing post-Fed pullback patterns noted by Santiment across all three cuts since September.

Ether (ETH) was priced at US$3,084.18, down by 5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$2, down by 2.1 percent over 24 hours.
  • Solana (SOL) was trading at US$131.52, down by 4.2 percent over 24 hours.

Fear and Greed Index snapshot

Open interest eased, while US$3.1 million Bitcoin and US$3.92 million Ether long liquidations signaled deleveraging. A neutral relative strength index and low funding rates kept positioning balanced post-expiry.

CMC’s Crypto Fear & Greed Index continues to hold firm in fear territory, remaining firmly risk-averse on Friday and staying at 29 for a second consecutive day. Despite Bitcoin’s recent upward trend and stabilization at the US$92,000 mark, investors continue to exercise caution after a volatile fourth quarter, reinforcing the view that traders remain reluctant to take on aggressive positions despite improved liquidity conditions elsewhere.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Bessent prepares policy shift on crypto regulation

US Secretary of the Treasury Scott Bessent is preparing a major policy letter that would direct the Financial Stability Oversight Council (FSOC) away from its post-2008 focus on tightening rules and toward re-evaluating whether existing regulations hinder growth. The draft letter, obtained by CNBC, says the FSOC will begin assessing whether certain oversight measures “impose undue burdens” that may undermine stability by limiting innovation.

The FSOC, originally created to prevent another financial collapse, coordinates oversight between the Fed, the SEC, the Commodity Futures Trading Commission (CFTC) and other agencies.

If finalized, the policy would empower agencies to roll back or revise rules deemed outdated or overly restrictive.

OCC approves US trust bank approvals

The Office of the Comptroller of the Currency (OCC) has conditionally approved national trust bank charters for Circle’s (NYSE:CRCL) First National Digital Currency Bank and the Ripple National Trust Bank. The OCC also endorsed transitions for existing state charters held by Paxos Trust Company, BitGo Bank & Trust and Fidelity Digital Assets.

With these approvals, the firms can now operate nationwide under federal oversight, enhancing stablecoin issuance and digital asset services like custody.

Pakistan clears Binance and HTX to begin licensing process

Pakistan has granted initial clearance for Binance and HTX to set up local subsidiaries and begin preparing applications for full digital asset exchange licences.

The Pakistan Virtual Assets Regulatory Authority issued “no objection certificates” after reviewing each platform’s governance, compliance structures and risk controls, though the approvals stop short of permitting trading activity.

The certificates also allow both companies to register on Pakistan’s anti-money-laundering system and begin establishing regulated local entities ahead of a forthcoming licensing regime.

Pakistan Virtual Assets Regulatory Authority Chair Bilal bin Saqib said the phased model will admit only platforms that meet strict global standards on anti-money-laundering and counter-terror financing.

Pakistan, one of the world’s largest crypto markets by retail activity, is simultaneously developing a Virtual Assets Act, while coordinating with US-based World Liberty Financial on digital infrastructure proposals.

Phantom integrates Kalshi prediction market

Phantom has integrated Kalshi’s regulated prediction markets, allowing in-app trading on events like elections, sports, crypto trends and macroeconomics using Solana or its CASH stablecoin.

Users can access live odds, notifications, tokenized positions and community chat without external accounts, leveraging Kalshi’s CFTC oversight and recent high volumes.

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

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

This post appeared first on investingnews.com