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Cryptocurrency News Articles
Trump Just Did the Most Corrupt Thing Any President Has Ever Done
Apr 25, 2025 at 11:29 pm
He's using the White House to get rich from anonymous investors—and it's hardly even a news story.
The Biden administration has been hit with a fresh setback in court, with a federal judge blocking the planned closure of a U.S. agency that provides foreign aid and development assistance.
Judge James Boasberg, a federal judge in the District of Columbia, on Thursday blocked the Trump administration's plan to wind down the U.S. International Development Finance Corporation (D.F.C.). The judge also ordered the administration to pay the legal fees incurred by the plaintiffs, a group of bipartisan former lawmakers and officials who had challenged the closure.
The D.F.C. is a government agency that provides financing and investment to support economic development projects in developing countries. The agency was created in 2018 by Congress as part of a bipartisan effort to promote American prosperity and security abroad.
The Trump administration had announced plans to close the D.F.C. as part of a broader effort to reduce the size and scope of the federal government. The administration argued that the D.F.C. was an unnecessary duplication of existing programs and that its closure would free up valuable resources that could be used elsewhere.
However, the plaintiffs, who included former senators and representatives from both parties, argued that the D.F.C. was an important agency that played a critical role in supporting economic development and poverty reduction. They also argued that the administration's decision to close the agency was arbitrary and capricious.
In his ruling, Boasberg agreed with the plaintiffs, finding that the administration's decision to close the D.F.C. was not "rational or supported by substantial evidence." The judge also found that the administration had failed to adequately consider the potential impact of its decision on the public interest.
"The court finds that the plaintiffs have shown a likelihood of success on the merits of their claims and that they will be irreparably harmed if the defendant's closure plans are not enjoined," Boasberg wrote.
The judge's ruling is a major setback for the Trump administration, which had been hoping to close the D.F.C. by the end of the year. The ruling could also have implications for other Trump administration programs that are being challenged in court.
The case is one of several in which Trump administration programs have been blocked by federal judges this year. In March, a federal judge in New York blocked the Trump administration's plan to add a citizenship question to the 2020 census. And in April, a federal judge in California blocked the Trump administration's plan to end the Deferred Action for Childhood Arrivals (DACA) program, which protects young undocumented immigrants from deportation.
The Trump administration is appealing those rulings, and the cases could ultimately reach the Supreme Court.
The administration's legal troubles come as Trump faces impeachment in the House of Representatives over his request to Ukraine to investigate Biden and his son, Hunter. Trump is also battling an inquiry by House Democrats into his handling of the 2020 election.
With the 2020 election on the horizon, Trump is facing a perfect storm of legal and political troubles that could jeopardize his reelection hopes.
As the campaign unfolded, Trump repeatedly attacked Biden on the campaign trail, accusing him of corruption in Ukraine and other countries. He also claimed that Biden's son Hunter was engaging in shady business dealings in those countries with his father's knowledge and cooperation.
Those attacks, which Biden's campaign aides and other Democrats vehemently denied, were part of a broader effort by Trump to tie Biden to the corruption that plagues those countries in an effort to siphon support for Biden, the Democratic nominee, and maximize his own chances of reelection in a close contest.
After the election, Trump requested a copy of the Biden campaign's internal polling data. He planned to use the data to help him in 2024 if he decides to run again for president.
"I want to see their polls. I think they're going to be catastrophic," Trump said of the Biden campaign's internal polls, which he claimed would show "Biden at 3 percent and me at 97 percent."
Trump said he would use the data to "get an edge" if he decides to run again in 2024.
"I'm toying with the idea," Trump said of a 2024 run. "But I'm certainly thinking about it."
Trump lost the 2020 election by more than 7 million votes. He also lost the popular vote in 2016.
Despite losing the election, Trump continues to claim that he won and that the election was stolen from him. He has also repeatedly attacked Biden and his family.
In recent weeks, Trump has grown increasingly frustrated with Biden's handling of the coronavirus pandemic and the economy. He has also criticized Biden's policies on immigration and foreign policy.
"I think Biden is doing a terrible job," Trump said in a recent interview. "He's weak, he'
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