President Trump has settled a $100 million lawsuit with his niece, Mary Trump, who had accused him of being "the world's most dangerous man." The lawsuit was filed over allegations that Mary Trump leaked financial information and family tax documents to The New York Times. The settlement was announced in a letter filed on Tuesday with a New York state court in Manhattan. Both parties expect to seek a formal dismissal in the coming weeks, which would prevent the president from filing another lawsuit.

Other Political Developments

The Trump administration received a warning from U.S. intelligence agencies about a potential threat to the new U.S.-Iran peace deal. The warning pointed to Israel's possible interference, as Prime Minister Benjamin Netanyahu faces pressure to continue strikes in Lebanon ahead of the fall elections. Current and former intelligence officials stated that Netanyahu's political future hinges on his commitment to fighting Hezbollah, a goal that the peace deal could undermine.

President Trump suggested that a U.S. operation in Cuba could resemble the rapid raid that captured Venezuelan President Nicolas Maduro in January. Trump, however, did not specify a timeline for such an operation.

Lincoln Memorial Pool Renovation Issues

The National Park Service's decision to add hydrogen peroxide to the Lincoln Memorial Reflecting Pool has brought attention to a $13.1 million renovation project completed under President Trump. A spokesperson for the United States Department of the Interior said the treatment is being used together with an advanced filtration system. The system uses ozone-injected nanobubbles to break down contaminants and toxins.

The $14.7 million renovation of Washington's Lincoln Memorial Reflecting Pool has encountered issues. The paint on the pool started peeling and floating into the algae-tinted water less than two weeks after the project's completion.

Former White House communications director Anthony Scaramucci criticized President Donald Trump’s economic approach, arguing that rising federal spending and debt levels are pushing the U.S. toward inflation risks and potential financial instability. In a post on X on Saturday, Scaramucci asserted that Trump "has no economic philosophy" and pointed to surging federal spending across administrations as a primary driver of these risks.

Spending and Debt Projections

Scaramucci detailed specific spending figures to support his argument. He noted that Trump oversaw $8.2 trillion in spending during his first term and is currently on pace for $9 trillion to $10 trillion in this term. He emphasized that the U.S. debt situation has reached a critical threshold, stating, "We’re at 100% debt to GDP held by investors. 122% if you count the Fed’s balance sheet." Scaramucci suggested these levels resemble conditions historically linked to sovereign debt stress.

Economic Mobility and Inflation

Citing investor Ray Dalio, Scaramucci explained that high debt levels typically force governments toward inflation as a mechanism to manage obligations more easily. He further argued that both political parties have contributed to weakening economic mobility, resulting in a "K-shaped economy." In this scenario, higher-income households continue to gain wealth, while middle- and lower-income families fall behind, exacerbating inequality.

Broader Economic Context

The warning aligns with recent concerns raised by other financial figures regarding the U.S. fiscal position. Senator Rick Scott (R-Fla.) previously attributed economic pressures to persistent federal deficits and rising national debt, rather than the Federal Reserve or political leaders. He pointed to $39 trillion in national debt and approximately $2 trillion in annual deficits, calling for an end to excessive spending.

Economist Steve Hanke of Johns Hopkins University also warned that U.S. debt had surpassed 100% of GDP for the first time since World War II, reaching 100.2% in March. Hanke cited federal debt of $31.27 trillion against $31.22 trillion in GDP, alongside $529 billion in interest payments in early fiscal 2026. He urged a constitutional "debt brake" to limit borrowing as deficits reached $1.2 trillion over six months. Dalio separately compared the debt buildup to "plaque" clogging economic circulation, warning that financial systems weaken when debt grows faster than income.