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World Wrestling Entertainment co-founder Vince McMahon will pay $1.7 million after failing to disclose hush money payments made while he was the company’s CEO, the Securities and Exchange Commission announced.

The SEC said that McMahon signed two settlement agreements, one in 2019 and one in 2022, and did not disclose those payments to anyone in the company, including the Board of Directors, legal department, accountants, financial reporting personnel or auditors.

In turn, McMahon ‘circumvented WWE internal accounting controls and caused material misstatements in the company’s 2018 and 2021 financial statements,’ the SEC said, which accused McMahon of failing to disclose a $3 million payment paid to a former WWE employee and $7.5 million paid to a female independent contractor for them not going to the authorities with their sexual assault claims.

‘During his time leading WWE, Vince McMahon acted as if rules did not apply to him, and now we have confirmation that he repeatedly broke the law to cover up his horrifying behavior, including human trafficking,’ Ann Callis, Attorney for Janel Grant, a former employee who filed a lawsuit accusing McMahon of sex trafficking and sexual misconduct said in a statement. ‘The SEC’s charges prove that the NDA Vince McMahon coerced Ms. Grant into signing violates the law, and therefore her case must be heard in court. While prosecutors for the Southern District of New York continue their criminal investigation, we look forward to bringing forward new evidence in our civil case about the sexual exploitation Ms. Grant endured at WWE by Vince McMahon and John Laurinaitis.’

‘The case is closed. Today ends nearly three years of investigation by different governmental agencies,’ McMahon said in a statement. ‘There has been a great deal of speculation about what exactly the government was investigating and what the outcome would be. As today’s resolution shows, much of that speculation was misguided and misleading. In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE. I’m thrilled that I can now put all this behind me.’

McMahon was ordered to pay a $400,000 civil penalty and reimburse WWE $1,330,915.90 due to violating the Securities Exchange Act.

He stepped down as executive chairman and board member of TKO Group Holdings, the parent company of WWE, in 2024 after federal authorities investigated sexual assault and sex trafficking allegations against him.

This post appeared first on USA TODAY

The Associated Press announced Friday the 2024 NFL All-Pro team, which included some surprises and several expected unanimous selections.

Baltimore Ravens quarterback Lamar Jackson was named first team quarterback for the second consecutive year and the third time overall. He received more votes than Buffalo Bills quarterback Josh Allen, who is the current favorite for the NFL MVP award, by odds. Jackson’s Ravens teammates, linebacker Roquan Smith, cornerback Marlon Humphrey, and fullback Patrick Ricard, join Jackson on the first team.

Another notable standout was Philadelphia Eagles running back Saquon Barkley, who received 48 of 50 first-place votes. Eagles teammate linebacker Zack Baun joined Barkley on the first team.

Here is the full 2024 NFL All-Pro team.

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2024 All-Pro first team

Offense

Quarterback: Lamar Jackson, Baltimore Ravens
Running Back: Saquon Barkley, Philadelphia Eagles
Fullback: Patrick Ricard, Baltimore Ravens
Tight End: Brock Bowers, Las Vegas Raiders
Wide Receivers: Ja’Marr Chase, Cincinnati Bengals; Justin Jefferson, Minnesota Vikings; Amon-Ra St. Brown, Detroit Lions
Left Tackle: Tristan Wirfs, Tampa Bay Buccaneers
Left Guard: Joe Thuney, Kansas City Chiefs
Center: Creed Humphrey, Kansas City Chiefs
Right Guard: Quinn Meinerz, Denver Broncos
Right Tackle: Penei Sewell, Detroit Lions

Defense

Edge Rushers: Myles Garrett, Cleveland Browns; Trey Hendrickson, Cincinnati Bengals
Interior Linemen: Cameron Heyward, Pittsburgh Steelers; Chris Jones, Kansas City Chiefs
Linebackers: Zack Baun, Philadelphia Eagles; Fred Warner, San Francisco 49ers; Roquan Smith, Baltimore Ravens
Cornerbacks: Patrick Surtain II, Denver Broncos; Derek Stingley Jr., Houston Texans
Slot cornerback: Marlon Humphrey, Baltimore Ravens
Safeties: Kerby Joseph, Detroit Lions; Xavier McKinney, Green Bay Packers

Special Teams

Placekicker: Chris Boswell, Pittsburgh Steelers
Punter: Jack Fox, Detroit Lions
Kick Returner: KaVontae Turpin, Dallas Cowboys
Punt Returner: Marvin Mims Jr., Denver Broncos
Special Teamer: Brenden Schooler, New England Patriots
Long Snapper: Andrew DePaola, Minnesota Vikings

2024 All-Pro second team

Offense

Quarterback: Josh Allen, Buffalo Bills
Running Back: Derrick Henry, Baltimore Ravens
Fullback: Kyle Juszczyk, San Francisco 49ers
Tight End: George Kittle, San Francisco 49ers
Wide Receivers: Terry McLaurin, Washington Commanders; CeeDee Lamb, Dallas Cowboys; A.J. Brown, Philadelphia Eagles
Left Tackle: Jordan Mailata, Philadelphia Eagles
Left Guard: Quenton Nelson, Indianapolis Colts
Center: Frank Ragnow, Detroit Lions
Right Guard: Chris Lindstrom, Atlanta Falcons
Right Tackle: Lane Johnson, Philadelphia Eagles

Defense

Edge Rushers: T.J. Watt, Pittsburgh Steelers; Nik Bonitto, Denver Broncos; Andrew Van Ginkel, Minnesota Vikings
Interior Linemen: Zach Allen, Denver Broncos; Jalen Carter, Philadelphia Eagles
Linebackers: Frankie Luvu, Washington Commanders; Bobby Wagner, Washington Commaders; Zaire Franklin, Indianapolis Colts
Cornerbacks: Trent McDuffie, Kansas City Chiefs; Christian Gonzalez, New England Patriots
Slot cornerback: Derwin James, Los Angeles Chargers
Safeties: Kyle Hamilton, Baltimore Ravens; Budda Baker, Arizona Cardinals

Special Teams

Placekicker: Brandon Aubrey, Dallas Cowboys
Punter: Logan Cooke, Jacksonville Jaguars
Kick Returner: Austin Ekeler, Washington Commanders
Punt Returner: Kalif Raymond, Detroit Lions
Special Teamer: J.T. Gray, New Orleans Saints
Long Snapper: Ross Matiscik, Jacksonville Jaguars

This post appeared first on USA TODAY

A previous version of this story included the incorrect year that Wycheck died. He died on Dec. 9, 2023.

If you’re a fan of the sport of football this is an amazing time. Five consecutive days of college and NFL playoffs started on Thursday and go through Monday night. There’s probably never been a stretch like this in the modern history of the sport. Some of you will cheer. Or boo. Or just sit and watch football for hours.

There’s one other thing I also want you to do: remember. Remember that these are human beings playing this game. Remember people like Frank Wycheck.

Football is a beautiful sport that makes a lot of people rich and often celebrates the physical heights human beings have reached. But we also have to remember what the sport does to the people that play it. Actually, a better way to say it is, we have to never forget what it does. That’s where Wycheck and many others come in.

Wycheck’s family announced this week that the former Tennessee Titans tight end, who played in the NFL for 11 seasons, suffered from chronic traumatic encephalopathy, or CTE, before he died on Dec. 9, 2023. He was just 52.

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Wycheck’s family did something in the aftermath of his death that wasn’t just brave, it was helpful for the rest of us. His family explained in a statement that it paired with Boston University’s Chronic Traumatic Encephalopathy Center to posthumously examine Wycheck for CTE. The disease is an insidious one caused by repetitive head trauma. Not necessarily just big hits, either. But the things you see every play; the basic building blocks of football: blocking and tackling.

It’s what you’ll see every minute of one of these college playoff games. Every play of every NFL postseason contest. Almost every tackle football game that’s ever played on any level. It’s what Wycheck did on the NFL level for over a decade.

CTE can lead to significant mental health issues like memory loss, depression, dementia and other frightening traumas. Wycheck’s family said he had Stage III CTE at the time of his death. Stage IV is the most advanced form of the disease.

As of early 2023, CTE has been diagnosed in 345 of the 376 NFL players studied by Boston University’s CTE center.

‘For comparison, a 2018 Boston University study of 164 brains of men and women donated to the Framingham Heart Study found that only 1 of 164 (0.6 percent) had CTE,’ writes the center. ‘The lone CTE case was a former college football player. The extremely low population rate of CTE is in line with similar studies from brain banks in Austria, Australia and Brazil.

‘The NFL player data should not be interpreted to suggest that 91.7 percent of all current and former NFL players have CTE, as brain bank samples are subject to selection biases. The prevalence of CTE among NFL players is unknown as CTE can only be definitively diagnosed after death. Repetitive head impacts appear to be the chief risk factor for CTE, which is characterized by misfolded tau protein that is unlike changes observed from aging, Alzheimer’s disease, or any other brain disease.’

In other words, no one can say definitively if the vast majority of current NFL players, or past ones who are still alive, have CTE, but it can be said the vast majority of deceased NFL players examined for the disease do.

Wycheck’s two daughters, Deanna Wycheck Szabo and Madison Wycheck Nowell, did something following their father’s death that we should all be grateful for. They expressed hope that his struggles with CTE would shine a light on this horrible disease. They are, in many ways, asking us not to forget players like their dad. Players who entertained us. Players who had a choice, yes, but that doesn’t mean they don’t deserve our care. Or, at the very least, for us to be educated about what CTE is.

‘My father put his body on the line throughout his career,’ Szabo said. ‘He loved the game and even more so loved his teammates. After retirement, he fought for years to bring light to his post-NFL journey and the fears he had around his struggles and symptoms that he knew whole-heartedly was CTE. He often felt forgotten and ignored, and that his situation was helpless.

‘Reflecting back, I wish our family had been educated on the signs and symptoms of CTE. Instead of believing that something was inherently wrong with him, we now know he was doing the best he could as a father and friend under circumstances beyond his control.

‘Our family is grateful to learn of his confirmed CTE diagnosis in hopes to continue our father’s desire to bring awareness, increased intervention, education, and support for NFL alumni and their families related to CTE. Our hope is that NFL alumni, who believe they are suffering from CTE, will be given the much-needed resources and guidance prior to their symptoms reaching a debilitating state. With on-going CTE research and diagnosis’, we hope future NFL alumni and families will be explicitly given an outline and plan of action in receiving care and treatment. That’s what our father would have wanted.’

Wycheck should also be remembered for something else. That like so many before him, and now, he played in a sport that is full of wonders, but also potentially has extreme long-term dangers. We should never forget that, either.

This post appeared first on USA TODAY

The top-shelf starting pitchers your team dreamed on this winter? They’re almost all gone – Corbin Burnes to Arizona, Garrett Crochet traded to Boston, Max Fried getting rich in the Bronx.

So what’s a team in need of an offseason revamp to do? Build from the back to the front.

Despite the high-profile starting pitcher signings, a trove of difference-makers remain on another market – the bullpen. And while reliever volatility has cursed many a front office, advanced metrics and pitch development labs have taken much of the guesswork out of forecasting future reliever success.

With that, here’s a look at the 11 best remaining relievers on the market, based on USA TODAY Sports’ ranking of 120 free agents, with age as of April 1 and previous team:

1. Tanner Scott (30, Padres)

You could make a case that Scott is deserving a deal similar to Josh Hader, the dominant lefty who earned a $95 million pact from Houston last year. But for as much as baseball executives love to tout a pitcher that can enter at any time in high-leverage situations, they still don’t pay those guys as much as so-called traditional closers. Yet Scott was worth 4.0 WAR last year, struck out 84 in 72 innings and produced a 1.05 WHIP the past two seasons. A difference-maker.

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2. Carlos Estévez (32, Phillies)

The 6-foot-6 former Angels closer was an All-Star in 2023 and was largely dominant again in 2024 (0.91 WHIP) before a so-so three playoff appearances for the Phillies. An 86% save percentage the past two years, and induces enough weak contact to be a high-leverage guy of various stripes.

3. Jeff Hoffman (33, Phillies)

You can put an asterisk on this one as Hoffman may be redeployed as a starting pitcher in 2025, for which he has a 5.64 career ERA in 50 starts – 38 of them coming as a Colorado Rockie. Yet Hoffman was great as a reliever the past two seasons, earning All-Star honors in Philly last year before second-half and playoff hiccups. Clay Holmes was in a similar boat this winter as an All-Star reliever tabbed as a soon-to-be-starter-again; he received a three-year, $38 million deal from the Mets.

4. Kirby Yates (38, Rangers)

With a solid offseason in progress and one more big hole left in their bullpen, it seemed likely the Rangers might re-up Yates, a 2024 All-Star who saved 33 games. But they opted for old friend Chris Martin instead and all indications are that might be it for relief actions in Arlington. So, who needs a well-seasoned vet who’s posted a 1.04 WHIP and struck out 12 batters per nine since returning from 2021 Tommy John surgery?

5. Spencer Turnbull (32, Phillies)

A la Hoffman, he’s a Philly expat with both starting and relieving in his past. He made seven starts and 10 relief appearances in 2024 and has a no-hitter on his resume, so perhaps he doesn’t belong on this list. But Turnbull can be a sneaky-good and versatile acquisition for any club – he missed the last half of the season due to a lat strain.

6. A.J. Minter (31, Braves)

A bit of an unknown quantity, as he underwent hip surgery in September and pitched in just 39 games. Yet Minter has punched out an average of 11 batters per nine since 2021 and had a 160 adjusted ERA last year. Owns .602 OPS against lefty hitters in his career, and is No. 2 southpaw on this list behind Scott.

7. Kenley Jansen (37, Red Sox)

Quietly good two-year stint in Boston, where he converted 56 of 64 save chances (86%) and had a 1.06 WHIP last season. Not as fungible as other options but a fine ninth-inning guy, still. Just 31 saves from 478 in his career, tying Lee Smith for third place on the all-time list.

8. David Robertson (39, Rangers)

The parade of tried-and-trues continue. Robertson turned down a 2025 player option after pitching a career-high 72 innings in his age-38 season – and maintained a 1.11 WHIP and 2.65 FIP.

9. Tommy Kahnle (35, Yankees)

A Bronx reunion seemed to make sense, at least before the Yankees traded for Devin Williams and Fernando Cruz, which would relegate Kahnle to a sixth- or seventh-inning kinda guy. He can probably find higher-leverage dollars elsewhere after striking out 10.2 batters per nine innings and posting eight consecutive scoreless playoff outings.

10. Buck Farmer (34, Reds)

We veer from solid to serviceable here; Farmer will take the ball, as his 71 and 61 appearances the past two seasons attest, but his 4.00 FIP and the notion he may miss fewer bats as he ages are points of concern.

11. Danny Coulombe (35, Orioles)

We’ll round this out with one more lefty for the road. Coulombe was solid for two seasons with Baltimore (2.56 ERA, 0.95 WHIP) before an elbow cleanout curtailed his ’24 season. Yet it’s not a long-term health concern and Coulombe remains deadly on lefties (.175 average against, no walks, .400 OPS in ’24).  

This post appeared first on USA TODAY

S&P 5850 has been the most important “line in the sand” for stocks since the pullback from the 6000 level in November 2024.  With the SPX closing below that 5850 level on Friday, we see further corrective pressures with the 200-day moving average as a reasonable downside target.  Today we’ll break down a series of projection techniques that have helped us hone in on this potential area of support.

The Break of 5850 Completes a Head and Shoulders Top

One of the most widely-followed patterns in technical analysis, the fabled head and shoulders topping pattern, is formed by a major high surrounded by lower highs on each side.  After the S&P 500 established a lower high in December, we immediately started looking for confirmation of this bearish pattern.

To confirm a head and shoulders top, and initiate downside targets on a chart, the price needs to break through the “neckline” formed by the swing lows between the head and two shoulders.  While price pattern purists may advocate for a downward-sloping trendline to capture the intraday lows of the neckline, I’ve been focused on the price level of SPX 5850.  

As long as the S&P remained above that level of support, then the market could still be considered in a healthy bullish phase.  But a close below the 5850 level on Friday tells me that this corrective move may just be getting started.  Let’s consider some ways to identify a potential downside objective, first using the pattern itself.

Calculating a Minimum Downside Objective

As delineated in Edwards and Magee’s classic book on price patterns, you can use the height of the head and shoulders pattern to identify an initial downside objective.  Basically, take the distance from the top of the head to the neckline, and then subtract that value from the neckline at the breaking point.

Based on my measurements on the S&P 500 chart, this process yields a downside target of right around 5600.  It’s worth noting that Edwards and Magee considered this a “minimum downside objective”, implying that there certainly could be further deterioration after that point has been reached.

Now let’s consider some other technical analysis tools that could help us to validate this potential downside target.

A Confluence of Support Confirms Our Measurement

If we create a Fibonacci framework using the August 2024 low and the December 2024 high, we can see a 38.2% retracement around 5725, which lines up fairly well with the swing low from late October.  Perhaps this could serve as a short-term support level during the next downward phase?

But as I review the chart, I’m struck by the fact that the 50% retracement lines up almost perfectly with our price pattern objective.  Many early technical analysts, including the infamous W.D. Gann, favored the 50% retracement level as the most meaningful to watch.

You may also notice that the 200-day moving average is gently sloping higher, rapidly approaching our “confluence of support” around 5600.  Given the agreement between multiple technical indicators on this price point, we consider it the most likely downside target given this week’s breakdown.

I would also point that while I feel that identifying price targets can be a helpful exercise, as it gives you a framework with which to evaluate further price action, the most important signals usually come from the price itself.  How the S&P 500 would move between current levels and 5600 may tell us a great deal about the likelihood of finding support versus a more bearish scenario in the coming weeks.

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service, Venu, the companies said in a joint statement Friday.

“After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” they said in the statement. “In an ever-changing marketplace, we determined that it was best to meet the evolving demands of sports fans by focusing on existing products and distribution channels. We are proud of the work that has been done on Venu to date and grateful to the Venu staff, whom we will support through this transition period.”

Venu was first announced in February and intended to combine the live sports assets of Fox, WBD and Disney-owned ESPN. It was initially slated to launch before the start of the NFL season in September, but was delayed in part by a legal challenge from internet TV bundler Fubo, which claimed the platform would be anticompetitive.

Together Disney, Fox and WBD control more than 50% of all U.S. sports media rights, and at least 60% of all nationally broadcast U.S. sports rights, according to the judge on the antitrust case.

The news that it would not launch came as a shock to Venu employees, who found out late Thursday night, according to people familiar with the matter. They believed they had a pathway forward to launch the service after Disney agreed earlier this week to merge its Hulu+ Live TV with Fubo, settling all litigation over Venu.

But the judge’s response in Fubo’s lawsuit questioned the legality of cable bundling in general, prompting Disney to strike the deal with Fubo, through which Disney would take 70% control of the resulting company. And two days ago, satellite providers DirecTV and Dish sent letters to federal court arguing that the legal questions brought up by the judge remained unanswered.

Rather than risk an extended lawsuit that could jeopardize bundling in general — including Disney’s efforts to bundle its own streaming entities (ESPN, Hulu and Disney+) — the three companies decided to pull the plug on Venu, according to people familiar with the company’s decisions.

Warner Bros. Discovery’s business model relies heavily on negotiating bundled carriage agreements for its many cable networks, including CNN, TNT, HGTV and Food Network.

Disney is targeting a debut of ESPN “Flagship,” an all-inclusive ESPN streaming service, for August 2025. The still unnamed ESPN streaming service will including everything that airs on ESPN’s linear network, unlike ESPN+.

Disney’s deal with Fubo, along with the company’s recent carriage renewal with DirecTV, also gives the company new ways to package so-called skinny bundles — narrower selections of channels for less money. This was the idea behind Venu: selling a smaller number of linear channels for less money than traditional cable TV.

Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.

This post appeared first on NBC NEWS

The NHL hit the halfway point on Thursday night, though not every team has played 41 games. Here are the surprises, disappointments, award leaders and other categories from the first half of the 2024-25 season:

Best story: Columbus Blue Jackets. They’re sitting in an Eastern Conference wild-card spot, despite dealing with the offseason death of Johnny Gaudreau. Injured captain Boone Jenner hasn’t played this season. Defenseman Zach Werenski, Kirill Marchenko and newcomer Sean Monahan are helping carry the load. And when Monahan went on the injured list this week, the Blue Jackets crushed the Seattle Kraken 6-2 in their first game without him.

Most impressive story: Alex Ovechkin, Washington Capitals. After a so-so (for him) 31-goal season in 2023-24, he needed to total 42 goals between this season and next to break Wayne Gretzky’s career goal record. But he got off to a red-hot start with 15 goals in 18 games before breaking his leg and missing 16 games. He’s back and up to 19 goals now, putting him on pace to break the record this season.

Biggest surprise: Vegas Golden Knights. They appeared due for a dropoff after losing Jonathan Marchessault, Chandler Stephenson, Logan Thompson and others during the offseason. But they’re leading the league in points. Jack Eichel is on pace for his first 100-point season, which is a good sign for Team USA at the upcoming 4 Nations Face-Off.

Biggest disappointment (tie): New York Rangers, Nashville Predators. The Rangers have dropped from first overall in 2023-24 to 24th overall and went through a slump that led to trades of Jacob Trouba and Kaapo Kakko. The Predators added Steven Stamkos and fellow 40-goal scorer Marchessault in the offseason but have dropped from a 2023-24 playoff team to 30th overall.

MVP: Leon Draisaitl, Edmonton Oilers. He’s the first player to 30 goals this season and nine of those are game-winners, including four in overtime. He’s second in points (61), is tied for second in plus-minus (+24) and wins 56.6% of his faceoffs.

Goaltender: Connor Hellebuyck, Winnipeg Jets. The two-time (and reigning) Vezina Trophy winner has 25 wins in 33 starts, both league bests. He’s also tops in the league among No. 1 goalies in goals-against average and save percentage. Also a good sign for Team USA.

Defenseman: Zach Werenski, Columbus Blue Jackets. He’s tied for the goal lead among defensemen with 13, and his 48 points are one behind leader Cale Makar, who has played one more game. Werenski also leads in average ice time (26:30) and has had a five-point and a four-point game this season. Also a good sign for Team USA.

Rookie: Macklin Celebrini, San Jose Sharks. He had a goal and an assist in his debut, then missed the rest of October. Despite that, he’s just two points out of the rookie scoring lead while averaging nearly a point a game.

Coach: Spencer Carbery, Washington Capitals. The Capitals added a lot of players in the offseason and Carbery has them fitting together. That includes Pierre-Luc Dubois, who struggled last season in Los Angeles. The Capitals have the league’s second-best record and went 10-5-1 while Ovechkin was out. Washington, which had a minus-37 goal differential last season in Carbery’s first season, is at plus-41. Columbus coach Dean Evason also gets a nod.

Best goal, Nazem Kadri, Calgary Flames. He leaped a fallen Tampa Bay Lightning defender, kept his balance, spun and ripped a shot past Andrei Vasilevskiy.

Best save: Jacob Markstrom, New Jersey Devils. Markstrom robbed the Kraken twice in the same game.

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Aides for Tesla and Space X CEO Elon Musk and tech entrepreneur Vivek Ramaswamy are starting to interview staffers with the federal government for the newly created Department of Government Efficiency (DOGE), according to a new report. 

Representatives for DOGE have had conversations with staffers from more than a dozen federal agencies — including the Treasury Department and the Internal Revenue Service, as well as the Departments of Veterans Affairs, Homeland Security, and Health and Human Services, The Washington Post reported Friday. 

Musk and Ramaswamy are leading DOGE, a blue-ribbon committee separate from the federal government that seeks to address issues concerning government spending, waste, efficiency and operations. They are expected to suggest executive actions for the Trump administration and partner with the Office of Management and Budget (OMB) to initiate reforms. 

Altogether, the committee aims to cut $2 trillion from the federal government budget through efforts to slash spending, government programs and the federal workforce. 

However, Musk recently cast doubt on the likelihood of eliminating $2 trillion from the federal budget and said there was a better chance at cutting $1 trillion. 

‘I think we’ll try for $2 trillion. I think that’s like the best-case outcome,’ Musk said during tech trade show CES on Wednesday in Las Vegas, the Post reported. ‘But I do think that you kind of have to have some overage. I think if we try for $2 trillion, we’ve got a good shot at getting $1 [trillion].’

Lawmakers on Capitol Hill have voiced support for working with DOGE, and Reps. Aaron Bean, R-Fla., and Pete Sessions, R-Texas, announced the creation of the Delivering Outstanding Government Efficiency (DOGE) Caucus last year. 

‘Our national debt has surpassed a staggering $36 trillion and should be a wakeup call for all Americans,’ House DOGE Caucus Co-Chair Bean said in a statement in November. ‘We must take action to avoid diving headfirst off the cliff of fiscal ruin. I’m thrilled with President-elect Trump’s appointment of Elon Musk and Vivek Ramaswamy to lead DOGE, but taking on Crazy Town will be no easy task — they will need partners.’

Likewise, Sen. Joni Ernst, R-Iowa, is slated to oversee the Senate DOGE Caucus.

‘The tables are finally turning, the knives are out, and waste is on the chopping block,’ Ernst said in a November statement. 

Currently, DOGE boasts a staff of approximately 50 people who are working from SpaceX’s offices in Washington, D.C., and it is aiming to roughly double that number when President-elect Trump is sworn into office on Jan. 20, according to the Post. 

A representative for Ramaswamy declined to provide comment to Fox News Digital.

DOGE appears to be the source of inspiration for other similar initiatives at the state level. For example, Republican Gov. Kelly Ayotte of swing state New Hampshire on Thursday announced the creation of the Commission on Government Efficiency, known as COGE.

‘COGE will make us smarter than ever before when it comes to saving taxpayer dollars and finding better ways to serve the people of our state,’ Ayotte said in her inaugural address. 

This post appeared first on FOX NEWS

Tulsi Gabbard, who is President-elect Donald Trump’s choice to be Director of National Intelligence (DNI) in his next administration, has reversed course on a controversial item after lobbying from Republican senators. 

Gabbard revealed on Friday that she believes section 702 of the Foreign Intelligence Surveillance Act (FISA) ‘is crucial for gathering foreign intelligence on non-U.S. persons abroad.’

She previously opposed FISA section 702 re-authorization while serving as a Democrat in the House of Representatives. 

‘We have a very important responsibility to strike a balance between national security to keep the American people safe, while also protecting our constitutionally protected freedoms,’ she said on the House floor in 2018. ‘Let us make this critical choice. Vote to keep our country safe. Vote to uphold our constitutional rights that so many have fought and died to protect.’

In her statement, provided by a Trump transition spokesperson, Gabbard said, ‘This unique capability cannot be replicated and must be safeguarded to protect our nation while ensuring the civil liberties of Americans.’

‘My prior concerns about FISA were based on insufficient protections for civil liberties, particularly regarding the FBI’s misuse of warrantless search powers on American citizens. Significant FISA reforms have been enacted since my time in Congress to address these issues. If confirmed as DNI, I will uphold Americans’ Fourth Amendment rights while maintaining vital national security tools like Section 702 to ensure the safety and freedom of the American people,’ she said. 

The change in Gabbard’s beliefs on the key national security issue was first reported by Punchbowl News. 

It comes after multiple Republican senators made the case to her of the importance of FISA’s section 702. 

Sen. Tom Cotton, R-Ark., chair of the Senate Select Committee on Intelligence, told Fox News Digital in a statement: ‘Tulsi Gabbard has assured me in our conversations that she supports Section 702 as recently amended and that she will follow the law and support its reauthorization as DNI.’

One GOP aide shared that during his meeting with Gabbard, Sen. James Lankford, R-Okla., emphasized how important the authority granted by section 702 is, and how important her navigation of it would be. 

In a podcast appearance earlier this week, Lankford told the Wall Street Journal’s Kim Strassel that there were some issues ‘that people aren’t talking about’ as it relates to Trump’s picks. One of them, he said, was Gabbard and her stance on section 702. 

‘She has voted against what’s called 702 authority every time that she was in Congress and voted against it. Well, now she’s going to be the spokesman for 702 authority. It’s a legitimate question just to say, ‘Okay, how are you going to handle this?’’ he asked. 

Lankford suggested that this is something that matters to other Republican senators. ‘I don’t hear anyone really coming up publicly and saying, ‘I’m adamantly opposed” to Trump’s nominees, he explained. 

But, ‘What I hear is a lot of people saying, ‘Hey, I want to give a fair hearing. I want people to be able to answer questions publicly.’’ 

While most GOP senators are supportive of FISA, some have been vocal critics. ‘Voting to reauthorize FISA 702 without a warrant requirement is difficult to defend. So are those casting such votes—especially if they purport to care about the Fourth Amendment,’ Sen. Mike Lee, R-Utah, wrote on X ahead of the most recent FISA re-authorization. 

Another top critic, Sen. Rand Paul, R-Ky., said in 2023, ‘Using 702, Americans’ communications content and metadata is inevitably swept up and kept in government databases without a warrant. Law enforcement agencies then access Americans’ communications without a warrant.’ 

These Republicans may not be as happy about Gabbard’s change of heart. However, there isn’t any indication that it would harm their support for her as of yet. 

One Republican senate source cast doubt on Gabbard’s new stance, noting that she has been ‘a life-long skeptic of intelligence gathering.’ They suggested it is unlikely that she has ‘completely changed her mind.’ 

A GOP Senate source confirmed to Fox News Digital that conservative senators are encouraged by Senate Majority Leader John Thune, R-S.D., and his apparent desire to confirm Trump nominees on the day he is sworn into office. 

The group is eager to have all national security nominees confirmed on Trump’s first day, they added. 

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Democratic lawmakers were noticeably silent following the sentencing of President-elect Donald Trump despite previously commenting on the cases against him, as Washington prepares for a Republican trifecta in Congress.

Trump was sentenced on Friday after being found guilty on 34 charges related to falsifying business records in May.

The incoming president was sentenced to unconditional discharge, which means that he will not receive any jail time, fine or probation time. The sentence also preserves Trump’s ability to appeal the conviction. 

After Trump was found guilty in criminal court in May, Democratic members of Congress put out a flurry of reactions on social media but appeared mum after the sentencing on Friday, which comes just days before he will be sworn into office on Jan. 20. 

House Minority Leader Hakeem Jeffries, D-N.Y., in May, wrote in a post on X, fomerly Twitter, that ‘the jury has spoken and carefully rendered a decision. Responsible leadership requires the verdict to be respected,’ while Rep. Alexandria Ocasio-Cortez of New York said that ‘nobody is above the law.’

However, Democrats appeared less reactive to Friday’s sentencing, which left Trump free of any penalty.

One Democratic congresswoman put out a statement following the unconditional discharge sentence, claiming that ‘our system of justice is not just.’

‘There is a two-tiered system of justice in this country, and Donald Trump lives on the tier where he gets to walk into the White House without spending a single day in jail or being put on probation after being convicted of 34 felonies. On the other tier are the clients I represented as a public defender in Texas, like the seventeen-year-old boy who was held on felony probation for taking some candy from his school’s concession stand,’ Rep. Jasmine Crockett, D-Texas, said in a post on X. 

‘The scales are not equal,’ she added.

On the flip side, Republicans were very vocal following the sentencing. 

‘I have no respect for the process being used in New York. I find the judge and prosecutor’s motives to be dripping with politics,’ Sen. Lindsey Graham, R-S.C., said in a statement. ‘This is a sad day for America.’

Trump, ahead of the sentencing, said that he would appeal the decision.

Trump filed an emergency petition to the Supreme Court on Wednesday in an effort to prevent his Jan. 10 sentencing, but the high court ultimately denied his emergency petition to block his sentencing.

Fox News’ Brooke Singman contributed to this report.

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