{"id":283674,"date":"2026-07-01T15:44:20","date_gmt":"2026-07-01T15:44:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/283674\/"},"modified":"2026-07-01T15:44:20","modified_gmt":"2026-07-01T15:44:20","slug":"the-supreme-courts-momentous-term-and-how-trump-has-made-at-least-2-2-billion-in-office","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/283674\/","title":{"rendered":"The Supreme Court\u2019s Momentous Term, and How Trump Has Made at Least $2.2 Billion in Office"},"content":{"rendered":"<p class=\"css-8hvvyd\">This transcript was created using speech recognition software. While it has been reviewed by human transcribers, it may contain errors. Please review the episode audio before quoting from this transcript and email transcripts@nytimes.com with any questions.<\/p>\n<p class=\"css-8hvvyd\">From \u201cThe New York Times,\u201d it\u2019s \u201cThe Headlines.\u201d I\u2019m Tracy Mumford. Today\u2019s Wednesday, July 1. Here\u2019s what we\u2019re covering.<\/p>\n<p class=\"css-8hvvyd\">[THEME MUSIC]<\/p>\n<p class=\"css-8hvvyd\">The Supreme Court closed out its term yesterday with a major blow to President Trump\u2019s agenda, blocking his administration\u2019s efforts to limit birthright citizenship. Trump had issued an executive order on his very first day back in office that would have prevented babies born to undocumented immigrants from automatically becoming citizens. But in a 6-3 decision, the justices reaffirmed the long-held principle that nearly all children born on US soil are Americans.<\/p>\n<p class=\"css-8hvvyd\">After the ruling, Trump took to social media to call the decision, quote, \u201ctoo bad for our country\u201d and tried to punt it to Congress, falsely claiming they could reverse it with legislation. In all, this Supreme Court term involved decisions in nearly 60 cases. And my colleague Ann Marimow, who\u2019s been tracking the rulings, said there were some clear moments where Trump did not get what he wanted, but also some major expansions of presidential power.<\/p>\n<p class=\"css-8hvvyd\">You can find a full recap of the major cases this term at nytimes.com. That includes two others of note from yesterday \u2014 the court\u2019s decision to allow states to bar transgender athletes from girls sports and a decision to lift some spending limits for elections, which could help Republicans ahead of the midterms.<\/p>\n<p class=\"css-8hvvyd\">[MUSIC PLAYING]<\/p>\n<p class=\"css-8hvvyd\">Yesterday, President Trump\u2019s mandatory financial disclosure report was released, and it details just how much money his business operations made last year. The form shows that in his first year back in office, he brought in at least $2.2 billion. It only shows revenue, so it doesn\u2019t reveal whether his businesses turned a profit or a loss, but that amount is nearly four times higher than he made the year before \u2014 2024.<\/p>\n<p class=\"css-8hvvyd\">It includes, for example, tens of millions of dollars the Trump family pulled in from real estate branding deals in the Middle East, Europe, and Asia. The president\u2019s properties, like Mar-a-Lago and his golf clubs, also brought in tens of millions. The biggest source of money revealed in the report, though, was Trump\u2019s cryptocurrency businesses. He used to be a big skeptic of crypto, but moved aggressively into the industry right before retaking office.<\/p>\n<p class=\"css-8hvvyd\">And last year, Trump\u2019s crypto ventures brought in well over $1 billion from things like the sale of his meme coin and the sale of a huge stake of his family\u2019s crypto business to a firm tied to the UAE government. Those crypto businesses highlight a major source of conflict. Trump is both a significant player in the industry and its top policymaker. And as president, Trump has undertaken actions that directly benefited his family\u2019s crypto interests.<\/p>\n<p class=\"css-8hvvyd\">[MUSIC PLAYING]<\/p>\n<p class=\"css-8hvvyd\">Overall, presidential historians said they could identify no other president in American history who entered into new business enterprises right before moving into the White House and then continued to personally profit from them while in office. While there have been past scandals around the business ventures of presidents\u2019 family members, most presidents have taken pains to avoid potential conflicts.<\/p>\n<p class=\"css-8hvvyd\">George W. Bush, for example, sold his stake in the Texas Rangers baseball team before his election, while Jimmy Carter turned over operation of his peanut farm to an independent trustee. The White House did not respond to a request for comment from \u201cThe Times,\u201d but a White House spokeswoman said in a recent statement that Trump acts in the best interest of Americans and that there are, quote, \u201cno conflicts of interest.\u201d<\/p>\n<p class=\"css-8hvvyd\">[MUSIC PLAYING]<\/p>\n<p class=\"css-8hvvyd\">[BACKGROUND CHATTER]<\/p>\n<p class=\"css-8hvvyd\">It has been nearly a week since Venezuela was hit by devastating earthquakes. And while rescue efforts continue, the disaster\u2019s official death toll has now passed 1,900 people. The Venezuelan government believes thousands more are still trapped under literal tons of concrete, and \u201cThe Times\u201d has learned that one group of victims from the quakes included migrants who were deported from the US just hours before the disaster.<\/p>\n<p class=\"css-8hvvyd\">Last Wednesday, a plane carrying almost 150 Venezuelan deportees landed at the country\u2019s main airport. They were then brought to a state-run holding facility, where the Venezuelan government planned to process and release them the next day. But the building they were being held in was crushed in the quakes, trapping and killing people who just returned to their home country. Two survivors said the walls and ceilings fell around them as people scrambled to escape.<\/p>\n<p class=\"css-8hvvyd\">The Venezuelan government has not said how many people were in the building or how many died, and family members say they\u2019ve been given little to no information. One survivor told \u201cThe Times\u201d that Venezuela intelligence officers showed up after the earthquake, but did little to search for survivors. And he said they threatened him to remain quiet about what had happened. The US Department of Homeland Security did not respond to questions about whether deportation flights to Venezuela would continue. According to online flight trackers, there have been no deportation flights to the country since last Wednesday.<\/p>\n<p class=\"css-8hvvyd\">[MUSIC PLAYING]<\/p>\n<p class=\"css-8hvvyd\">Around the world, as many countries, including the US, have been increasingly cracking down on immigration, Spain has been bucking that trend. Earlier this year, it announced it was launching a program offering undocumented immigrants a legal way to stay in the country.<\/p>\n<p class=\"css-8hvvyd\">And as of yesterday, Spain\u2019s prime minister announced that more than 1 million have applied, roughly 25 percent more than they had expected.<\/p>\n<p class=\"css-8hvvyd\">Spanish officials have described the program as both a humane gesture to immigrants and an essential move for Spain\u2019s economy. The country has one of the lowest birth rates in Europe, and foreign-born workers fill gaps in critical economic sectors like tourism and agriculture. Economists and government officials say Spain\u2019s influx of immigrants has helped turn its economy into one of the fastest growing on the continent.<\/p>\n<p class=\"css-8hvvyd\">The program has drawn a lot of criticism from the conservative opposition, though, who say it could strain the country\u2019s infrastructure and exacerbate housing shortages. It\u2019s also heightened a standoff between Spain and the US. Spain\u2019s prime minister called the program an antidote to policies pushed by, quote, \u201cMAGA-style leaders.\u201d<\/p>\n<p class=\"css-8hvvyd\">[MUSIC PLAYING]<\/p>\n<p class=\"css-8hvvyd\">And finally \u2014<\/p>\n<p class=\"css-8hvvyd\">In the late 1970s, George Romero, the creator of the zombie genre as we know it, brought that horror to the mall.<\/p>\n<p class=\"css-8hvvyd\">In his film \u201cDawn of the Dead,\u201d survivors of the zombie apocalypse hole up in a shopping center. To film it, Romero took over the Monroeville Mall, about 20 minutes outside downtown Pittsburgh. He said it was the perfect backdrop for a gory allegory about consumerism run amok. And as the movie became a classic, the mall became a sacred place for horror fans who made pilgrimages there. They hosted an annual Living Dead Weekend. One woman even told \u201cThe Times\u201d it was her honeymoon destination.<\/p>\n<p class=\"css-8hvvyd\">But the mall\u2019s end now seems near. Walmart and a developer have bought the building and have plans to demolish it. In response, many fans are bidding their final farewells. Last month, the mall hosted its last Living Dead Weekend, with some 3,000 people showing up, many dressed as the undead themselves. Even with the crowds, it had a slightly abandoned feeling as many stores there have closed over the years, like in a lot of malls around the country. One Romero fan told \u201cThe Times,\u201d quote, \u201cIt looks like a zombie apocalypse happened here, which is kind of spot on.\u201d<\/p>\n<p class=\"css-8hvvyd\">[THEME MUSIC]<\/p>\n<p class=\"css-8hvvyd\">Those are \u201cThe Headlines.\u201d Today on \u201cThe Daily,\u201d a look at how new federal limits on student loans could shut some Americans out of higher education. You can listen to that in the \u201cNew York Times\u201d app or wherever you get your podcasts. I\u2019m Tracy Mumford. We\u2019ll be back tomorrow.<\/p>\n<p class=\"css-8hvvyd\">[THEME MUSIC]<\/p>\n","protected":false},"excerpt":{"rendered":"This transcript was created using speech recognition software. While it has been reviewed by human transcribers, it may&hellip;\n","protected":false},"author":2,"featured_media":283675,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[1452,75,84,83,9,24,63,17080,1069,1876],"class_list":["post-283674","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-donald-j","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc","tag-supreme-court-us","tag-trump","tag-united-states-politics-and-government"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/283674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=283674"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/283674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/283675"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=283674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=283674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=283674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}