Bloomberg News Now May 19, 2025: Trump Speaks to Putin, Stablecoin Bill Advances in Senate, More
May 20, 2025
Fascinating insights on a key phone call between Trump and Putin over the Ukraine conflict reveal complex diplomatic dynamics. The Senate pushes forward with stablecoin legislation, potentially reshaping the financial landscape. Meanwhile, the Republican party faces internal divisions on fiscal policy, with debates on safety net cuts and tax adjustments. Legal troubles for a New Jersey representative add another layer of intrigue, as looming tariffs influence upcoming retail earnings. Tune in for a whirlwind of political and economic developments!
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Trump Sees Ukraine-Russia Talks
- President Trump suggested talks between Ukraine and Russia would begin immediately, possibly without U.S. involvement.
- He indicated he might back away if a peace deal isn't agreed upon soon, stressing the conflict is a European issue.
Chaos in Trump's Diplomacy
- President Trump's approach to diplomacy involves zigzags, back and forth, and chaos.
- Such chaos is unhelpful for reaching ceasefire agreements or dealing with challenging international players.
Stablecoin Bill Advances
- U.S. Senate overcame procedural block on stablecoin legislation, enabling debate and possible vote this week.
- Modified bill gained crypto-friendly Democrat support after negotiation, despite initial opposition tied to Trump's crypto dealings.