All the major banks passed the Federal Reserve’s annual “stress tests” of the financial system, the central bank said Friday, but the test conducted by the central bank was notably less vigorous than it had been in previous years. All 22 banks tested this year would have remained solvent and above the minimum thresholds to continue to operate, the Fed said, despite absorbing roughly $550 billion in theoretical losses. In the Fed’s scenario, there would be less of a rise in unemployment, less of a severe economic contraction, less of a drop in commercial real estate prices, less of a drop in housing prices, among other metrics compared to what they tested in 2024.

Trump’s ‘big, beautiful bill’ clears key Senate hurdle after high drama Republicans got closer to advancing President Donald Trump’s massive spending package following a procedural vote. The Senate is now debating the megabill, as Democrats have already signaled that they will force the 940-page bill to be read out loud. Questions still remain about whether the package will ultimately pass the House ahead of the self-imposed July 4 deadline.

The scene now at the Ohel of the Lubavitcher Rebbe ZT’L. Shomrim from Far Rockaway (RNSP) are assisting a smooth line at the Ohel.

The International Association of Fire Fighters said that three of their IAFF members were ambushed while responding to the north Idaho wildfire. Two of them were killed with another in surgery.

CAN’T MAKE IT UP: A pro-Palestinian protester screams at virulently anti-Israeli socialist NYC mayoral nominee Zohran Mamdani – who publicly supports “globalizing the intifada – for not being anti-Israel enough!

WATCH THIS: As the Summer 2025 season begins, Catskills Hatzalah continues its impactful safety video series with an important new message: never drive when you’re tired. Fatigue behind the wheel is one of the leading causes of serious accidents. In this latest video, Hatzalah reminds drivers that no trip is worth risking lives — if you’re feeling drowsy, pull over immediately, take a break, or switch drivers. Stay alert. Stay safe. Watch and share this vital message with your friends and family.

The Senate’s clerks concluded a marathon reading session on Sunday, going through every word of the Republicans’ sweeping tax and spending legislation. With that hurdle cleared, the chamber is now on track to proceed toward a final vote, expected to take place Monday.
In a bid to stall progress, Democrats demanded that the entire 940-page bill be read aloud, a process that stretched nearly 16 hours and wrapped up shortly after 3 p.m. Eastern Time.
“I objected to stop Republicans moving forward on their Big, Ugly Bill until they read every single word of it to the American people,” Senate Minority Leader Chuck Schumer (D-N.Y.) wrote on X last night.
Majority Leader John Thune (R-S.D.) publicly recognized the effort of the staffers who carried out the task.

BREAKING: President Trump sends a message to “cost cutting Republicans” as he awaits passage of his Big Beautiful Bill “REMEMBER, you still have to get reelected. Don’t get too crazy!”

In a dramatic closed-door session, top Israeli security officials told judges overseeing Prime Minister Netanyahu’s trial that there is “an opportunity to change the face of the Middle East and for Israel to expand its circle of peace, including with Syria,” according to a report by Kan News. Present at the confidential court hearing were the heads of the IDF Military Intelligence and the Mossad, who both emphasized the urgency and sensitivity of current regional developments. They explained to the judges why it was necessary to delay Netanyahu’s scheduled testimony hearings.

BREAKING: At least two dead after gunman ambushed firefighters in Idaho Firefighters were ambushed by a gunman while responding to a brush fire in Coeur d’Alene, Idaho, Kootenai County Sheriff’s Lt. Jeff Howard said. Two people are dead. The incident unfolded at approximately 1:30 p.m. local time after a small but growing brush fire broke out on Canfield Mountain Sunday afternoon. When fire personnel responded to the blaze about half an hour later, they started getting shot at by an unknown person in the woods, Howard said. Law enforcement is investigating whether the fire could have been intentionally set in order to lure first responders to the scene, Howard added.

IDAHO SHERIFF AMID STANDOFF WITH SHOOTER(S) ON MOUNTAIN: “They’re not showing any evidence of wanting to surrender. As soon as somebody has a clear shot, I encourage them to take that shot.”  

Sen. Thom Tillis after announcing he won’t seek reelection while opposing Trump’s spending bill: “The people in the White House, the amateurs advising the President, they’re not telling him that the effect of this bill is to break a promise.”

During the ongoing Am K’Lavi military operation, Israel’s Chief Rabbi, HaGaon Rav Kalman Meir Bar, visited an Israeli Air Force base, where he met with pilots, UAV operators, and members of the maintenance crew to offer encouragement and deliver a message of gratitude and inspiration.
The visit came amid wide-ranging operational activity and was intended to uplift the spirits of the soldiers and technical teams serving under demanding conditions.

California Gov. Gavin Newsom sued Fox News on Friday over alleged defamation, saying the network knowingly aired false information about a phone call he had with President Donald Trump around the time the National Guard was sent Los Angeles. The lawsuit alleges Fox News anchor Jesse Watters edited out key information from a clip of Trump talking about calling Newsom, then used the edited video to assert that Newsom had lied about the two talking. Newsom is asking for $787 million in punitive damages in the lawsuit filed in Delaware, where Fox is incorporated. That’s the same amount Fox agreed to pay in 2023 to settle a defamation lawsuit by Dominion Voting Systems.

SEN. RAND PAUL: “The bill increases the debt ceiling by $5 trillion…They know that the ensuing years will add trillions more…That doesn’t sound at all conservative to me, & that’s why I’m a ‘no.’”

Saudi Arabia’s King Salman bin Abdulaziz Al Saud has stirred controversy by sponsoring 1,000 Palestinian family members of terrorists to perform the Hajj pilgrimage in Mecca, even as the kingdom remains under the spotlight for its potential normalization of ties with Israel.
This development was reported through Palestinian Authority outlets and highlighted by Palestinian Media Watch, raising new concerns about the Saudis’ stance toward Palestinian violence.
While there has been ongoing talk of Saudi Arabia joining the Abraham Accords, the latest move — a grant seen as honoring those tied to acts of terror — suggests that Saudi leadership has not turned its back on supporting individuals responsible for deadly attacks against Israelis.

The United States and China have reached an agreement — again — to deescalate trade tensions. But details are scarce, and the latest pact leaves major issues between the world’s two biggest economies unresolved. President Donald Trump said late Thursday that a deal with China had been signed “the other day.” China’s Commerce Ministry confirmed Friday that some type of arrangement had been reached but offered few details about it. Sudden shifts and a lack of clarity have been hallmarks of Trump’s trade policy since he returned to the White House determined to overturn a global trading system that he says is unfair to the United States and its workers. He’s been engaged for months in a battle with China that has mostly revealed how much pain the two countries can inflict on each other.

Israeli Prime Minister Bibi Netanyahu expressed appreciation to President Donald Trump for his vocal support, after Trump denounced what he described as a “political witch hunt” designed to destabilize Israel’s leadership. Trump’s endorsement included a variation of his signature phrase, calling to “Make the Middle East Great Again.”
Responding on the platform X, Netanyahu thanked Trump and echoed the president’s phrasing, writing, “Together, we will make the Middle East great again!”
The wording mirrored President Trump’s recent slogan usage, which he employed to call for assertive and visionary leadership throughout the region.

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