The Cross Wire Daily

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[The Cross Wire Daily @dailycrosswire]

BREAKING: Iran halts U.S. talks in Switzerland after Trump threatens fresh strikes over Hezbollah.

Iranian state media (Fars) reports Tehran suspended negotiations in Switzerland, citing President Trump’s warnings of hitting Iran “very hard again” if it doesn’t rein in Hezbollah actions in Lebanon.

Talks had just begun or were advancing today amid fragile ceasefire efforts, with U.S. officials including VP Vance involved. Uncertainty now clouds prospects for a lasting deal

[The Cross Wire Daily @dailycrosswire]

Trump threatens to “hit Iran very hard again” while Vance is out there talking “great progress” in the Iran talks and a full regional ceasefire. Are these two even on the same page, or know what they are doing? One’s dialing up the heat, the other’s calling for calm. Incompetence on display.

[The Cross Wire Daily @dailycrosswire]

JUST IN: Italy’s Prime Minister Giorgia Meloni hits back at Trump, again.

“My popularity is none of your concern. I suggest you focus on yours”

After Trump publicly dragged her over the G7 photo request, Iran policy, military bases & NATO contributions, Meloni clapped back hard: defending Italy’s sovereignty, the binding agreements on U.S. bases, and making it crystal clear her poll numbers are her business, not his.

[The Cross Wire Daily @dailycrosswire]

A DHS document outlines plans to give local police a facial recognition app used by ICE. The "ICE Task Force Module" scans faces against more than 250 million government records, and photos are retained for 15 years. About 1,300 agencies take part in the program.

[The Cross Wire Daily @dailycrosswire]

The Fed held rates steady at 3.5%-3.75% in Kevin Warsh's first meeting as chair, but signaled a hike, not a cut, could be next. Inflation is running at a 3-year high of 3.6%. Markets are closed today for Juneteenth.

[The Cross Wire Daily @dailycrosswire]

@SkyNews When your own allies have to publicly correct you, it says a lot about credibility. Facts still matter.

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A $300B Iran reconstruction fund tucked into the new ceasefire deal is sparking bipartisan backlash in Washington. Trump and Vance say it's privately financed, not taxpayer-funded — but top senators from both parties aren't convinced

[The Cross Wire Daily @dailycrosswire]

BREAKING: The United States and Iran have electronically signed a Memorandum of Understanding to end the Iran War. The agreement is now officially in effect, according to Axios.

[The Cross Wire Daily @dailycrosswire]

Trump’s family crypto firm World Liberty Financial is seeking a national trust bank charter.

Hill and industry sources expect approval soon, opening a new route for U.S. companies to move money through a Trump‑owned stablecoin platform that can take a fee on every transaction.

Government groups, banking watchdogs and some Democratic lawmakers argue that approving a Trump‑family stablecoin bank poses unprecedented conflict‑of‑interest and transparency risks.

In a formal comment letter, the National Community Reinvestment Coalition urged the OCC to reject the World Liberty application, saying “impartiality by the OCC is impossible” and warning that granting trust charters to politically connected crypto firms invites preferential treatment and regulatory arbitrage. A separate legal policy brief argues that the OCC’s recent approvals of crypto‑focused trust banks violate federal statutes and should be rescinded, and that any national trust bank must be strictly limited to traditional fiduciary roles.

[The Cross Wire Daily @dailycrosswire]

@BulwarkOnline Vance is physically incapable of answering a question truthfully, more-so when it comes to what Trump says or does, even when the facts are played right in front of him on live TV. He tries to rewrite reality in real time.

[The Cross Wire Daily @dailycrosswire]

BREAKING: The U.S. will allow Iran to immediately begin selling oil and fuel under the deal to end the war, per WSJ.

Key details effective upon signing:
• Sanctions waivers on oil sales take effect immediately
• Covers banking, transportation & insurance services
• Iran receives upfront sanctions relief, with more tied to performance

Oil prices are already plunging sharply on the news.

[The Cross Wire Daily @dailycrosswire]

The Federal Reserve opens its two-day meeting today — the first led by new Chair Kevin Warsh. Markets price a near-certain hold at 3.50%–3.75% as inflation stays above target. The rate decision and Warsh's first press conference land Wednesday.

[The Cross Wire Daily @dailycrosswire]

BREAKING: The U.S. and Iran have reached a framework deal to end their war and reopen the Strait of Hormuz, President Trump says. Fighting is set to stop immediately and naval blockades to be lifted. A formal signing is expected Friday, but major issues remain unresolved.

[The Cross Wire Daily @dailycrosswire]

Team Trump just filed with the court: They’ve removed Trump’s name from the Kennedy Center signage, updated the website, and withdrawn the trademark applications.

Court order followed after Rep. Beatty’s lawsuit.

[The Cross Wire Daily @dailycrosswire]

JUST IN: Federal Judge Christopher Cooper has ordered the Kennedy Center to finish removing Donald Trump’s name from the building and file official compliance certification by noon today (June 13, 2026).

[The Cross Wire Daily @dailycrosswire]

JUST IN: Judge keeps order in place - Trump’s name must be removed from Kennedy Center

Federal judge denies last-minute stay request, upholding the ruling that only Congress can change the venue’s name. Deadline stands.

[The Cross Wire Daily @dailycrosswire]

Federal judge Leonie Brinkema has indefinitely blocked the Trump administration from creating a $1.8 billion “Anti-Weaponization Fund” to compensate claims of government persecution or lawfare. The ruling cites mixed signals from the administration and concerns that taxpayer money could reward Jan. 6 defendants. The fund stemmed from a Trump IRS lawsuit settlement.

[The Cross Wire Daily @dailycrosswire]

A key U.S. spy tool is set to hit its legal deadline Friday after the House voted 198–218 against a short‑term extension of Section 702 of FISA, which lets intelligence agencies collect foreign communications without a warrant. Existing surveillance certificates run into 2027, but without new legislation the program’s statutory authority lapses for the first time since 2008. Democrats refused to back the extension, citing President Trump’s move to install Bill Pulte as acting DNI and long‑running concerns over warrantless surveillance.

[The Cross Wire Daily @dailycrosswire]

Tucker Carlson just went nuclear on Trump’s Iran war: “Iran now controls the Strait of Hormuz. They didn’t at the beginning of this war in February. That’s not a success.”

[The Cross Wire Daily @dailycrosswire]

JUST IN: Iranian state media (Fars) reports that Iran will treat all Elon Musk companies in the Middle East, including SpaceX’s Starlink ground stations in countries like Israel, Qatar, Jordan, UAE & Oman, as military targets in retaliation against the US. This follows earlier IRGC threats in March.