Brazil Reduces Spending Freeze After Judge Upholds Lula Tax Plan
President Luiz Inacio Lula da Silva's government said Tuesday it would freeze a total of 10.7 billion reais ($1.9 billion), down from the 31.3 billion reais it had previously announced in May.
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New York Post
7 minutes ago
- New York Post
Kamala Harris phones it in at youth voters summit with two-minute video keynote
WASHINGTON — Former Vice President Kamala Harris made a rare public appearance at a youth voters event Friday, speaking for fewer than two minutes in a pre-recorded video address about the need to stay 'in the fight' — without giving any indication of her own future ambitions. The activist summit, which appeared to be sparsely attended, was aimed at 'building political power for Gen Z' and featured speeches from Harris, former House Speaker Nancy Pelosi (D-Calif.) and Rep. Ro Khanna (D-Calif.). Unlike the two House Democrats, Harris chose not to give her remarks in person. 'Keep building your political power, keep building community, keep building coalitions, keep challenging the status quo,' she said to the group gathered in the nation's capital. 'And born out of our love for our country, keep fighting to build a country and a nation. That works for everyone. And I look forward to continuing in the fight alongside you. You take care.' 3 Harris urged youth voters to stay 'in the fight' in a short, pre-recorded message played during the summit. Voters of Tomorrow Voters of Tomorrow senior director Kaya Jones had preceded Harris in the line-up and suggested actions by the Republican-held White House and Congress had taken a toll on youth organizing. 'The last few months have been really rough, and, um, yeah, let's just pause for that,' she said, leading to a brief moment of silence. Harris struck a similar tone in her remarks, saying: 'Your generation has grown up on the front lines of so many crises — from COVID and the climate crisis to gun violence and mental health.' 'It is critically important that we have organizations such as this who understand that we must be intentional about lifting up our young leaders and encouraging your ambition,' she added. 3 Pelosi predicted that Democrats would retake the House of Representatives after the 2026 midterm elections. FOX News After a landslide loss to Trump in 2024, Harris pledged in her concession speech to 'never give up the fight' — but has yet to indicate whether she will enter the California governor's race next year or the presidential contest in 2028. 'On the campaign, I would often say, 'When we, fight, we win.' But here's the thing: Sometimes the fight takes a while. That doesn't mean we won't win,' she added after losing all seven swing states to Trump and becoming the first Democratic nominee in 20 years to lose the popular vote. 'We must stay in the fight, every one of us,' Harris also told students during a speech at Prince George's County Community College in Maryland before leaving office. 'And I ask you to remember the context in which you exist.' 3 'I look forward to continuing in the fight alongside you,' Harris said in the video. Voters of Tomorrow Pelosi, 83, said Friday she had 'no doubt that we will win the election with the House of Representatives' in 2026. 'By October — certainly by November, but by October, we will have — with the help of so many people working — we'll have taken what's his name's numbers down,' Pelosi said, eliding Trump's name in a pointed slight. Public polling shows the former vice president still at the front of the Democratic primary pack, with former Transportation Secretary Pete Buttigieg seen as the second-leading contender.
NBC News
8 minutes ago
- NBC News
Hispanic colleges targeted by lawsuit push back in court
The Hispanic Association of Colleges and Universities is joining a legal fight over the fate of a federal program aimed at addressing educational disparities in higher education. This week, the association, better known as HACU, filed a motion to intervene in a federal lawsuit that seeks to dismantle the Hispanic-Serving Institutions (HSI) program — which provides federal grants to universities and colleges with a student body that is over 25% Latino. The program created by Congress provides grants to universities already educating the majority of the nation's Hispanic college students to expand their ability to help 'Hispanic students and other low-income individuals complete postsecondary degrees.' HACU is now part of the effort started last month by the Students for Fair Admissions — the same group behind the legal challenges that resulted in the Supreme Court striking down college affirmative action programs in 2023 — and the state of Tennessee to sue the Department of Education over the HSI program. They allege it ' discriminates based on ethnicity ' and are calling on the federal court to deem it unconstitutional. The association representing Hispanic universities also alleges that the lawsuit unfairly characterizes the HSI program, since the added resources from the grants benefit the entire student body of the institution. "We want our side of the story to be heard by the court before they decide on the case," Dr. Antonio R. Flores, president and chief executive officer of HACU, told NBC News on Friday. Flores said HSI-designated schools don't automatically get grants based on the number of Hispanic students on their campus. They must 'compete among themselves' to access the money and must prove that the majority of their students are low-income and that they 'spend less money per student than their peer institutions.' "This is not about preferential treatment. It is about equitable resource allocation for institutions,' Flores said. In court filings Thursday, Students for Fair Admissions and the state of Tennessee did not oppose HACU's motion to join the case as a defendant. The Department of Education has not yet responded to the complaint in court. It also did not respond to an email from NBC News seeking comment on Friday. To identify which colleges and universities serve the majority of the nation's Hispanic students, Congress defined Hispanic-Serving Institutions as those that have at least 25% of its full-time student population be of Hispanic or Latino descent. The HSI designation is based on geography and demographics, Fran Fajana, an attorney at LatinoJustice representing HACU in this case, told NBC News. 'It's not because the institution went out of its way to recruit a lot of Latino students.' The percentage of Latinos with a college degree still lags far behind white students. In 2022, about 21% of Latino adults over 25 had a bachelor's degree, compared to 42% for non-Hispanic whites, according to census figures. Students for Fair Admissions, which is led by conservative activist Ed Blum, referred to the 25% requirement as an ' arbitrary ethnic threshold" when it published a news release about the lawsuit on June 11. "This lawsuit challenges a federal policy that conditions the receipt of taxpayer-funded grants on the racial composition of a student body," Blum said in a statement last month. The Office of Tennessee Attorney General Jonathan Skrmetti said in another statement from that the "rule leaves many needy students out in the cold." "The HSI program's discriminatory grant standards are just as illegal," Skrmetti said in the statement. Their lawsuit is part of a series of legal challenges brought forward in recent years — following the Supreme Court's decision on affirmative action — against schools, scholarships, internships and other educational programs that mention race or ethnicity in their criteria. Once an institution is competitively awarded a grant, there is no requirement in the HSI program limiting how those resources are distributed across the school, Fajana said. "Whether they've gotten the resources to expand their science program laboratories [or]capacity building," she said, "those resources are not limited to Latino students." A 2023 study from the Urban Institute found that the investments made by HSI-designated institutions increased the number of students of all races and ethnicities who completed college and obtained bachelor's degrees. "What is at stake?" Flores said, "Success in advancement of, not just the Latino community, but all of the students who go to HSIs and benefit from the funding."
Bloomberg
8 minutes ago
- Bloomberg
Brazil Investors Warn of Political Impact of Tariffs in Election
At a large financial market gathering in Sao Paulo, Donald Trump's threat to impose 50% tariffs on Brazil barely registers as a primary economic concern. What's truly unsettling money managers is the political fallout — the broader storm unleashed by the US president ahead of next year's elections. Since Trump issued the July 9 threat in retaliation for what he called a 'witch hunt' against Jair Bolsonaro, his conservative ally in Brazil, leftist President Luiz Inacio Lula da Silva has seen a boost in popularity that's strengthening his reelection bid.
