President Donald Trump has renewed his claim that he receives no credit for forgoing his presidential salary, contrasting his $0 compensation with the $1.6 million Joe Biden collected over his term and the $3.2 million Barack Obama earned over two terms. Trump has donated his salary in prior years, a practice he also followed during his first term. The statutory presidential salary is $400,000 per year, making the cumulative figures a function of time served rather than pay raises. The framing, however, omits the substantial taxpayer-funded costs associated with presidential security, travel, and residence, expenses that accrue regardless of whether a salary is drawn. Presidential salary waivers do not reduce federal outlays; the budget line is not redirected or cancelled when declined. For analysts tracking executive branch optics and fiscal messaging, the distinction between voluntary salary forfeiture and actual government savings is the operative point. Trump's framing is likely to resurface in budget and fiscal responsibility debates as the administration pursues spending reduction arguments on Capitol Hill.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
