President Donald J. Trump signed several executive orders on January 20, 2025, which was his first full day back in office:

Pardons and Commutations: Trump signed an executive order pardoning approximately 1,500 individuals involved in the January 6, 2021, Capitol riot, and commuting the sentences of 14 others, including members of extremist groups like the Oath Keepers and Proud Boys.

Rescinding Biden-Era Executive Orders: He revoked 78 executive orders from the Biden administration, including those related to diversity, equity, inclusion, and protections for the LGBTQ+ community.

Climate and Energy Policy: Trump withdrew the United States from the Paris Climate Agreement, declared a "national energy emergency," and took steps to ease regulations on oil and gas drilling.

Immigration and Border Security: He declared a national emergency at the southern border and directed the military to work with the Department of Homeland Security to secure it.

Federal Workforce: Trump implemented a hiring freeze for federal government employees and required federal workers to return to in-person work at their duty stations.

TikTok Ban: He signed an executive order delaying the implementation of the TikTok ban for 75 days.

Gender and Biological Reality: An executive order was signed to define "male" and "female" as biological realities, aiming to protect women from what he described as "radical gender ideologies."

Economic Measures: He ordered actions aimed at providing emergency price relief for American families and to address the cost-of-living crisis.

Renaming Geographic Features: Trump signed orders to rename the Gulf of Mexico to "Gulf of America" and to revert the name of North America's highest peak from Denali back to Mount McKinley.

#US #Bank #Crisis - Republic First Bancorp, distinct from the prior entity known as First Republic which ceased operations last year, has officially collapsed and is now subject to regulatory seizure. This development marks a significant downturn, with the institution experiencing a staggering 60% decline. Authorities are currently in the process of finalizing the takeover and subsequent sale of the Philadelphia-based bank to another financial entity. This event underscores a broader trend, as it potentially signifies the fourth notable bank failure since the spring of 2023.

The impending sale and subsequent announcement of the bank's failure are anticipated to occur imminently, with Friday being cited as a possible timeline. However, critical details such as the identity of the acquiring institution remain undisclosed, and the transaction itself is subject to potential dissolution.

Republic First Bancorp encountered challenges reminiscent of other regional banks that have faltered, notably stemming from losses incurred on bonds due to escalating interest rates and a substantial influx of uninsured deposits. Operating under the moniker Republic Bank, the institution currently holds assets totaling approximately $6 billion and maintains a presence across Pennsylvania, New Jersey, and New York.

The broader stability of regional banks remains precarious, with heightened interest rates exacerbating deposit-related expenses, potential regulatory requisites looming on the horizon, and mounting pressures affecting commercial real estate loan portfolios.