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Economy
‘Corruption Couldn’t Be More Obvious’: Trump Stacks Key Panel With Crypto and Gambling CEOs
"President Trump has given up on caring about protecting working class Americans and has given the keys to our economy to billionaire scammers."
Feb 13, 2026
Alarms are being raised amid reports that President Donald Trump is stacking a key regulatory committee with CEOs of online prediction markets, cryptocurrency firms, and sports betting apps.
As reported on Thursday by the right-wing Daily Wire, the Commodity Futures Trading Commission (CFTC) is launching a new initiative called the Innovation Advisory Committee, which CFTC Chairman Michael Selig said would be tasked with ensuring "the CFTC’s decisions reflect market realities so the agency can future-proof its markets and develop clear rules of the road for the Golden Age of American Financial Markets."
Among the members of the committee are Tarek Mansour, CEO of online betting market Kalshi; Brian Armstrong, CEO of cryptocurrency hub Coinbase; Christian Genetski, president of the FanDuel sports betting app; and Matt Kalish, president of sports betting app DraftKings North America.
Emily Peterson-Cassin, education fund policy director at Demand Progress, said the committee's composition has deeply concerning implications for the future of the US economy.
"The corruption couldn’t be more obvious," said Peterson-Cassin. "It’s hard to see the CTFC succeeding at its mission to prevent a repeat of the 2008 financial crisis when it is influenced from the inside by a rogues’ gallery of billionaire CEOs responsible for monetizing and gamifying virtually every aspect of everyday life."
Peterson-Cassin added that the latest move shows that "President Trump has given up on caring about protecting working class Americans and has given the keys to our economy to billionaire scammers.”
The creation of the Innovation Advisory Committee wasn't the only news made by CFTC this week, as Barron's reported on Monday that the commission's enforcement division based in Chicago has now been completely gutted, as its entire litigation team has either resigned or been laid off.
One laid-off former CFTC attorney told Barron's that the gutting of the office will make it much easier for financial scammers to rip off Americans.
"If I was a different person I would launch a crypto scam right now," said the attorney, "because there’s no cops on the beat."
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‘No More Hiding’: House Dems Vow to Hammer GOP With More Votes on Destructive Trump Tariffs
"We will keep holding Republicans accountable for raising prices on families and fighting to end Trump’s senseless trade war," said Rep. Suzan DelBene.
Feb 12, 2026
The House of Representatives on Wednesday passed a resolution to overturn President Donald Trump's tariffs on Canada, and Democratic lawmakers are vowing to keep the pressure on their Republican counterparts.
The House voted to roll back Trump's Canada tariffs by a margin of 219 in favor to 211 against, with six House Republicans crossing the aisle to back the measure. Among Democrats, only Rep. Jared Golden (D-Maine) voted in favor of keeping the tariffs in place.
According to Politico, the vote on ending Canadian tariffs was just the start of a number of votes House Democrats have planned aimed at rolling back the president's taxes on imported goods.
"Senior House Democrats plan to call up at least three more resolutions that will force many Republicans to choose between protecting their tariff-hit districts and pleasing their MAGA voter bases," Politico wrote, "not to mention their loyalties to a president who has, up until this week, not tolerated any House GOP dissent on the matter."
In an interview with Axios, Rep. Gregory Meeks (D-NY) said that he planned to push a resolution overturning Trump's tariffs on Mexican goods next.
Rep. Suzan DelBene (D-Wash.) released a statement celebrating the vote to repeal the Trump tariffs, while warning her Republican colleagues that there will be "no more hiding" on the issue.
"This is the first vote to restore congressional authority and repeal Trump’s tariffs," she said. "We will keep holding Republicans accountable for raising prices on families and fighting to end Trump’s senseless trade war. The Senate must now take up this measure."
In a video posted on social media, Rep. Don Beyer (D-Va.) outlined the damage that Trump's tariffs have caused both to US consumers and international relations with longtime allies.
"Canada has been our close friend and ally for more than 200 years," Beyer explained. "Donald Trump promised to lower the cost of living, but his tariff regime is doing the exact opposite. These tariffs have done nothing but hurt the American people."
Trump's tariffs crushed our economy, raised prices, and alienated our allies.
Republicans passed rules preventing the House from voting to stop him.
We defeated that 'gag rule' last night, and now we're voting on ending Trump's tariffs on Canada.
Here's why I'm voting YES: pic.twitter.com/cwbOT2apKQ
— Rep. Don Beyer (@RepDonBeyer) February 11, 2026
Ontario Premiere Doug Ford hailed the vote to end the tariffs and expressed hope that it was the start of better relations between the US and Canada.
"Thank you to every member from both parties who stood up in support of free trade and economic growth between our two great countries," he wrote. "Let’s end the tariffs and together build a more prosperous and secure future."
Trump, however, has shown no signs of backing down and vowed to support primary challengers against any Republicans who joined with Democrats to roll back his tariffs.
"Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time, and that includes Primaries!" Trump wrote in a Wednesday Truth Social post.
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Data Reveals Trump Economy Added Hundreds of Thousands Fewer Jobs in 2025 Than Previously Reported
"Today’s numbers show that the economy spent 2025 treading water while costs surged and families fell further behind."
Feb 11, 2026
Revised federal data released Wednesday shows that the US economy under the stewardship of President Donald Trump added hundreds of thousands fewer jobs in 2025 than previously reported, further undercutting the president's claim to have ushered in the "greatest" economy in history.
The Bureau of Labor Statistics said Wednesday that US employers added just 181,000 jobs last year, an average of roughly 15,000 per month. That's roughly 69% fewer than the previous estimate of 584,000 jobs created in 2025.
Groundwork Collaborative, a progressive advocacy group, said the updated figures paint "a grim picture" of the job market under Trump, who has repeatedly promised—and taken credit for bringing about—an economic boom.
“Today’s numbers show that the economy spent 2025 treading water while costs surged and families fell further behind," said Alex Jacquez, chief of policy and advocacy at Groundwork. "Job growth was dramatically weaker than advertised and concentrated nearly entirely in healthcare, leaving the rest of the labor market to stall. Opportunities are drying up outside a handful of sectors, and more and more workers are settling for part-time hours or have stopped looking for work entirely. 2025 was a lost year for American workers."
Daniel Zhao, chief economist at the employment site Glassdoor, told the New York Times in response to the revised numbers that "we’ve been hearing from workers that the job market is not working for them for some time."
“The anecdotes are starting to align with the data," Zhao added.
A separate analysis released Wednesday by Democrats on the Joint Economic Committee (JEC) found that the US lost 108,000 manufacturing jobs during the first year of Trump's second term in the White House, despite the president's pledge to revive American industry through his tariff regime.
“While President Trump promised us a manufacturing boom, the reality of his first year has been a bust,” said Sen. Maggie Hassan (D-NH), the JEC's ranking member. “It is critical for both our national security and our economic future that we grow our manufacturing sector. The president has instead spent his first year burdening manufacturers with reckless tariffs, and this loss of jobs is the result."
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China Reaffirms Vow to Aid Cuba Amid Trump's 'Inhumane' Economic Strangulation
"China firmly supports Cuba in safeguarding national sovereignty and security and opposing external interference," a Beijing spokesperson said.
Feb 11, 2026
As the Trump administration weaponizes its economic privation of the Cuban people in hopes of ousting their socialist government, China on Tuesday reaffirmed its pledge to help alleviate the island's worsening oil shortage.
Emboldened by his recent abduction of socialist Venezuelan President Nicolás Maduro on legally dubious "narco-terrorism" charges, President Donald Trump is ratcheting up pressure on a people already ravaged by 64 years of what many critics call Washington's "economic terrorism" and decades of actual terrorism committed by US-based right-wing Cuban exiles.
Cut off from the Venezuelan petroleum that provided around 75% of Cuba's imported oil just a few years ago, the island is suffering a worsening energy emergency. The Cuban government has responded by strictly rationing fuel and seeking alternate sources of oil such as Mexico and, to a lesser extent, Russia.
"I would like to stress again that China firmly supports Cuba in safeguarding national sovereignty and security and opposing external interference," Chinese Foreign Ministry spokesperson Lin Jian said during a press conference.
"China stands firmly against the inhumane actions that deprive the Cuban people of their right to subsistence and development," he added. "China will, as always, do our best to provide support and assistance to Cuba."
As is usually the case when Washington tightens the screws on Cuba, everyday Cubans are suffering the most.
“You can’t imagine how it touches every part of our lives,” Marta Jiménez, a hairdresser in Cuba’s eastern city of Holguín, told CodePink co-founder and frequent Common Dreams opinion contributor Medea Benjamin, who traveled to Cuba last week with a group to deliver 2,500 pounds of lentils.
“It’s a vicious, all-encompassing spiral downward," Jiménez continued. "With no gasoline, buses don’t run, so we can’t get to work. We have electricity only three to six hours a day. There’s no gas for cooking, so we’re burning wood and charcoal in our apartments. It’s like going back 100 years."
"The blockade is suffocating us—especially single mothers,” she added, “and no one is stopping these demons, Trump and [Secretary of State] Marco Rubio.”
The United Nations General Assembly has voted overwhelmingly every year but once since 1992 to condemn the US blockade on Cuba. Last October, the UNGA voted 165-7 against the embargo, with 12 abstentions.
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