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Rassemblement National’s Jordan Bardella threatens to bring down French government

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Rassemblement National’s Jordan Bardella threatens to bring down French government

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Jordan Bardella, the party chief of France’s Rassemblement National, warned on Monday that it would not hesitate to topple Prime Minister Michel Barnier’s government over his belt-tightening budget, weighing on French stocks, bonds and the euro.

Only hours before the crunch vote was expected in the National Assembly, Barnier gave in to another one of far-right leader Marine Le Pen’s “red lines” by abandoning a plan to lower the reimbursement of medicines that was supposed to save €900mn. It was his second concession after scrapping a planned increase to electricity taxes last week.

The budget’s fate and that of Barnier’s administration remain largely in the hands of Le Pen’s RN, the biggest single party and a key voting bloc in the National Assembly.

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“The RN will trigger the mechanism to vote the censure unless there is a last-minute miracle and Barnier changes his draft law between now and 3pm,” Bardella told RTL radio on Monday morning before Barnier’s latest concession.

“I don’t have much hope he will do so given how he has ignored and scorned us [and our proposals] in recent months.”

Le Pen has insisted all the RN’s red line demands must be met if the government wants to avoid a no-confidence vote. The only remaining demand is a temporary freeze on inflation-adjusted increases to pensions. The measure was initially supposed to save €3.6bn.

Barnier’s allies have said the energy tax concession was made on request from all opposition parties, not just the RN. But this time the prime minister appeared to grudgingly concede the medicines point to Le Pen by citing her by name and saying she had made the ask during a phone call between them on Monday.

Investors have grown increasingly concerned that Barnier will fail to pass a €60bn fiscal package for 2025, including significant tax increases, aimed at reducing a deficit that stands at roughly 6 per cent of national output.

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French stocks initially fell on Monday before stabilising by midday, but were underperforming other European bourses. The euro dropped 0.5 per cent to $1.052, with Joe Tuckey, head of foreign exchange analysis at Argentex, saying the impasse “continues to undermine confidence in [the] euro in general”.

French 10-year borrowing costs were down 0.02 percentage points to 2.87 per cent as the bonds regained some ground, though other Eurozone debt did better. The gap, or spread, above German bond yields — a key measure of the riskiness of French bonds — rose to 0.83 percentage points, having hit a 12-year high of 0.9 points last week.

“It seems hard to see how this plays out favourably for the market as either the [government] survives, which implies compromises which are only likely to result in wider deficits, or Barnier sticks to his guns thereby resulting in a spike in political uncertainty,” Rabobank analysts noted.

Pierre Moscovici, the head of France’s independent state auditor, warned that the country needed political stability if it was to fix its public finances.

“We need to give a sign that we are regaining control [over deficits] and it’s true that with a vote of no confidence we’re entering a phase of uncertainty,” he said on France 2 television on Monday. “Our financial situation is dangerous, worrying.”

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Without a majority in parliament, crafting a budget has proved tortuous for Barnier, forcing him to make concessions not only to the RN but also to his own MPs. Those tweaks have cut about €10bn of planned savings out of the social security budget and will probably put Barnier’s goal of bringing the deficit down to 5 per cent by the end of 2025 out of reach.

The leftist bloc, the Nouveau Front Populaire, has also pushed back against Barnier’s budget, and on Sunday confirmed that all four of the parties that make it up, including the more moderate Socialists, would vote for a censure motion.

If Barnier’s government was voted down this week, it would be only the second time French lawmakers have taken such a step since the Fifth Republic was established in 1958. It would also make Barnier the shortest-serving prime minister during the same period.

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Border Patrol Agent Is Killed in Vermont Shootin

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Border Patrol Agent Is Killed in Vermont Shootin

A U.S. Border Patrol agent was shot and killed on Monday afternoon on Interstate 91 in northern Vermont, about 12 miles from the Canadian border.

The shooting, in which another person was also killed and a third was wounded, was being investigated by the Albany office of the F.B.I. as an assault on a federal officer, the agency said in a statement.

The wounded person was taken into custody, the statement said, but the F.B.I. did not immediately announce charges and provided no additional details.

Officials said the shooting occurred about 3:15 p.m. in the town of Coventry. Interstate 91 was initially shut down in both directions, though the northbound lanes later reopened. The southbound lanes were expected to remain closed for “a long duration closure,” the Vermont State Police said in a news release.

The F.B.I. said in its statement that it needed time to “gather evidence and process the scene,” adding: “While there is no threat to the public, Interstate 91 will remain closed due to investigative activity.”

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Agents on the Northern border have seen a growing number of attempted illegal crossings in recent years, making more than 23,000 arrests during the fiscal year that ended in September, according to U.S. Customs and Border Protection. That number is more than twice that of the previous year.

Most of the arrests were made in the Swanton Sector, a vast rural stretch of border roughly 300 miles long between Quebec, New York and northern New England, which includes Vermont. The agent killed on Monday was assigned to the Swanton Sector, officials said.

Vermont’s lawmakers in Washington expressed condolences for the border agent’s family in a joint statement, and urged greater support for the patrol on the Northern border. “Together, we must do everything possible to prevent future tragedies like what happened today,” said Senator Bernie Sanders, an independent, and Senator Peter Welch and Representative Becca Balint, both Democrats.

Canadian officials have attributed much of the increase in border arrests to immigrants from India who arrive in Canada on temporary visas and then cross the border into the United States.

Border officials have also seen an increase in encounters with migrants from Mexico who fly to Canada and cross into the United States. Most show up at ports of entry to request asylum, but others try to enter the country illegally.

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Despite the increase, the number of attempted illegal crossings from Canada remains much smaller than the number occurring at the Southern border with Mexico.

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Inauguration live: Trump says US could slap 25% tariffs on Mexican and Canadian imports from February 1

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Inauguration live: Trump says US could slap 25% tariffs on Mexican and Canadian imports from February 1

Nobody ever accused Donald Trump of consistency. Shortly after being sworn in, he promised to bring peace to the world, reoccupy the Panama Canal and expand America’s territory. The latter sounded very much like a declaration of war — a first in the history of US inaugural addresses. The trick, as ever with Trump, is to figure out what he means from the merely rhetorical. 

His imagery of a new golden age was very different to 2017 when he spoke of “American carnage”. But his speech this time round carried far more specific actions, including territorial aggression on America’s neighbours, US troops on the Mexican border, the start of mass deportations of illegal immigrants, an end to electric vehicle subsidies and a new age of “drill baby, drill”. These should be taken seriously.

The vibes in the Capitol Rotunda also spoke volumes. It would be an understatement to say Trump’s second inauguration was unprecedented. Surrounded by the world’s richest men, with north of a trillion dollars of wealth in the room, topped by Elon Musk ($434bn), Jeff Bezos ($240bn) and Mark Zuckerberg ($212bn), Trump’s return was blessed by what outgoing president Joe Biden called the new oligarchy. 

Never before has such wealth rubbed inaugural shoulders with a president who is also a billionaire.

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Trump offers long-promised pardons to some 1,500 January 6 rioters

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Trump offers long-promised pardons to some 1,500 January 6 rioters

Pro-Trump supporters storm the U.S. Capitol following a rally with then-President Donald Trump on January 6, 2021 in Washington, D.C.

Samuel Corum/Getty Images


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President Trump issued pardons for some 1,500 defendants who participated in the siege on the U.S. Capitol four years ago, including the leader of a far-right group, fulfilling a campaign promise to exercise executive clemency on behalf of people he’s called “patriots” and “hostages.”

“We hope they come out tonight,” he said in a signing ceremony at the Oval Office on Monday evening.

The order would grant “a full, complete and unconditional pardon to all other individuals convicted of offenses related to events that occurred at or near the United States Capitol on January 6, 2021.” That means a pardon for Enrique Tarrio, the former Proud Boys chairman, who had been sentenced to 22 years in the federal penitentiary.

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The proclamation posted on the White House website also included commutations for 14 people, including Stewart Rhodes, the founder of the far-right Oath Keepers group. The move paves the way for the release of Rhodes and Tarrio, who were both convicted of the rarely used charge of seditious conspiracy, along with the release of more than a thousand others.

Trump also directed the Justice Department to dismiss scores of pending cases that stem from the attack on the Capitol.

Rhodes had been sentenced to spend 18 years in prison after a judge said he presented “an ongoing threat and peril to this country … and to the very fabric of our democracy.”

Trump also issued sweeping pardons for rioters convicted of violence against police and issued sweeping pardons for scores of other defendants who participated in the siege on the U.S. Capitol four years ago, a day that upended the peaceful transfer of power to newly-elected President Joe Biden.

The hours-long assault on the Capitol on Jan. 6, 2021, injured more than 140 police officers, in one of the largest-ever mass attacks on law enforcement officers in the United States. U.S. Capitol and Washington, D.C., police persisted in defending the building, in the face of getting sprayed with harsh chemicals or beaten with flagpoles.

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During the trial, the Justice Department presented the jury with thousands of messages from Rhodes and other Oath Keepers before, during and after the events of Jan. 6, including Rhodes’ comments that “we aren’t getting through this without a civil war” and “the final defense is us and our rifles.”

Tarrio was not present at the Capitol that day. But prosecutors said he encouraged the violence from afar by posting on social media: “Proud of my boys and my country” and “Don’t f****** leave.” The following day, Jan. 7, Tarrio told some of his members that he was “proud” of them.

Undoing DOJ investigation

The pardons and commutations largely undo the results of one of the most complicated investigations in the history of the Justice Department. Prosecutors and FBI agents there spent years probing the actions of people at or near the Capitol on Jan. 6, using photos, video and telephone location data to help identify potential suspects.

Federal judges in Washington, where the courthouse cafeteria boasts a view of the Capitol dome and the scene of the crime, generally imposed lighter punishments than the DOJ had requested in hundreds of Jan. 6 cases. But they also pushed back hard in their courtrooms against efforts to rewrite the history of that day, amid claims from Trump and his allies that the rioters had been unfairly targeted for prosecution.

One D.C. district court judge appointed by Trump, Carl Nichols, recently said in court that blanket pardons for the Capitol defendants would be “beyond frustrating and disappointing.”

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The investigation became a priority for former Attorney General Merrick Garland, who told NPR a year after the attack on the Capitol that “every FBI office, almost every U.S. attorney’s office in the country is working on this matter. We’ve issued thousands of subpoenas, seized and examined thousands of electronic devices, examined terabytes of data, thousands of hours of videos.”

But the Justice Department’s case against Trump, for allegedly conspiring to cling to power and deprive millions of Americans of the right to have their votes count in 2020, ended with a whimper.

Special counsel Jack Smith secured a four-count felony indictment of Trump but said he was forced to abandon the case after Trump won the 2024 election, based on a longstanding DOJ view that a sitting president cannot be charged or face trial.

Smith said in court papers that the government “stands fully behind” the case it developed.

NPR’s Tom Dreisbach contributed to this report.

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