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07.06.2025Buffett Retires As Trump Budget Cuts Social Security

Trump's 2026 budget proposal calling for sharp cuts to social programs dominated morning coverage, with Common Dreams highlighting impacts on Social Security while Republicans reportedly expressed reluctance to implement the cuts. Economic tensions continued as Trump dismissed recession fears despite previous day's GDP contraction, saying "anything can happen" while promising "the greatest economy ever."

By afternoon, new tariffs on auto parts went into effect as Buffett warned against using "trade as a weapon." Border policy tensions escalated between Trump's border czar Tom Homan and critics, including Wisconsin's governor and AOC, whom Homan threatened with legal action.

The evening was dominated by Warren Buffett's surprise retirement announcement at Berkshire Hathaway's annual meeting, where the 94-year-old also criticized Trump's trade policies. Meanwhile, Catholic bishops condemned Trump for an AI-generated image depicting himself as Pope, which circulated widely on social media. The day concluded with Sovereignty winning the Kentucky Derby. HEBREWSUMMARY: הצעת התקציב של טראמפ לשנת 2026 הקוראת לקיצוצים חדים בתוכניות חברתיות שלטה בסיקור הבוקר, כאשר Common Dreams הדגיש את ההשפעות על הביטוח הלאומי בעוד הרפובליקנים לכאורה הביעו היסוס ליישם את הקיצוצים. המתחים הכלכליים נמשכו כאשר טראמפ דחה חששות ממיתון למרות התכווצות התמ"ג ביום הקודם, באומרו "הכל יכול לקרות" תוך הבטחת "הכלכלה הגדולה ביותר אי פעם".

אחר הצהריים, מכסים חדשים על חלקי רכב נכנסו לתוקף בזמן שבאפט הזהיר מפני שימוש ב"סחר כנשק". מתחי מדיניות הגבול הסלימו בין קצין הגבול של טראמפ טום הומן למבקריו, כולל מושל ויסקונסין ואלכסנדריה אוקסיו-קורטז, שהומן איים עליה בהליכים משפטיים.

הערב נשלט על ידי הודעת הפרישה המפתיעה של וורן באפט בפגישה השנתית של ברקשייר האת'וויי, שם גם מתח הקשיש בן ה-94 ביקורת על מדיניות הסחר של טראמפ. בינתיים, בישופים קתולים גינו את טראמפ על תמונה שנוצרה באמצעות בינה מלאכותית המציגה אותו כאפיפיור, שהופצה בהרחבה ברשתות החברתיות. היום הסתיים עם ניצחון סוברניטי בדרבי קנטקי. LOCALSUMMARY: Trump's 2026 budget proposal calling for sharp cuts to social programs dominated morning coverage, with Common Dreams highlighting impacts on Social Security while Republicans reportedly expressed reluctance to implement the cuts. Economic tensions continued as Trump dismissed recession fears despite previous day's GDP contraction, saying "anything can happen" while promising "the greatest economy ever."

By afternoon, new tariffs on auto parts went into effect as Buffett warned against using "trade as a weapon." Border policy tensions escalated between Trump's border czar Tom Homan and critics, including Wisconsin's governor and AOC, whom Homan threatened with legal action.

The evening was dominated by Warren Buffett's surprise retirement announcement at Berkshire Hathaway's annual meeting, where the 94-year-old also criticized Trump's trade policies. Meanwhile, Catholic bishops condemned Trump for an AI-generated image depicting himself as Pope, which circulated widely on social media. The day concluded with Sovereignty winning the Kentucky Derby.
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