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| Hello there. It has been a busy few days at the Supreme Court, so I spoke to a couple of legal experts to get their views on the rulings. We’re also covering Trump’s crypto empire, and the U.S. soccer team’s crucial match against Bosnia and Herzegovina. |
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Five Must-Reads
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Trump Earned Over $1 Billion From Crypto Ventures
Donald Trump earned more than $1.4 billion from his family’s crypto ventures last year, according to his latest annual financial disclosure. Crypto was the largest source of Trump’s income last year, dwarfing his earnings from real estate and legal settlements. —TIME |
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U.S. Soccer Fans Shouldn’t Underestimate Bosnia and Herzegovina
The U.S. men’s soccer team will face Bosnia and Herzegovina in their first game of the knockout stage of the World Cup on July 1. TIME’s Sean Gregory warns that the nation that emerged from a brutal conflict in the 1990s should not be taken lightly. —TIME |
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Witkoff and Kushner in Doha to Meet Mediators on Iran
U.S. envoy Steve Witkoff and President Donald Trump’s son-in-law Jared Kushner are meeting with mediators in Doha to discuss the Iran deal, but there are no planned high-level talks with Iranian officials. —TIME |
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‘That Guy Is Still Out There’
A man spent 16 years in prison for rape after being misidentified by author Alice Sebold. This deeply reported investigative piece looks at the legacy of that case. —ProPublica |
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IN FOCUS
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Trump’s scorecard at the Supreme Court
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| A string of Supreme Court rulings this week has delivered President Donald Trump major victories, but also thwarted some of his most ambitious efforts to challenge longstanding constitutional norms. |
| The court denied his attempts to limit mail-in voting and make historic changes to birthright citizenship, but also gave the President greater control over federal agencies, struck down longstanding limits on political party spending, and allowed states to ban transgender athletes from competing in girls‘ and women’s sports. |
| So how should we judge Trump’s performance before the court in his second term? Does a scorecard tell us the whole story? |
| Michael W. McConnell, a former appellate judge and professor at Stanford Law School, argues Trump “has lost far more than he has won.” |
| “In the constitutional merits cases this term he cared most about, he lost on the tariff issue, birthright citizenship, and the Federal Reserve. He won on the power to remove officers of so-called ‘independent agencies,’ but that is not a position unique to Mr. Trump; it has been in the works for decades,” McConnell tells TIME. |
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| Rep. Grace Meng, D-N.Y., center, and other Democratic House members, react to the Supreme Court’s decision to uphold birthright citizenship at the Capitol in Washington, Tuesday, June 30, 2026. J. SCOTT APPLEWHITE/ASSOCIATED PRESS |
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| “His strongest showing was in statutory immigration cases, where the court held that the immigration statutes give him authority to block entry of aliens before they pass the border and to cancel temporary protected status. He also won in a number of cases on the emergency docket, but often only temporarily, and even there he lost two big cases, requiring due process before illegal aliens could be deported and forbidding deployment of the National Guard in Chicago,” he adds. |
| Chris Geidner, an independent legal journalist who covers the Supreme Court at Law Dork, says Trump’s losses obscure a broader trend: one of a president who is moving the Overton window on what is considered a serious constitutional question. |
| “Presidential powers continue to be expanded, and even in those areas where Trump is losing, it does appear that legal thinking is moving to the right,” he tells TIME. |
| Geidner notes that three cases that Trump lost—birthright citizenship, tariffs, and efforts to fire Lisa Cook as a governor of the Federal Reserve—would likely not have even made it to the Supreme Court under a different president. That they made it that far, and the votes were so close, is a sign of how Trump could shape the court for years to come. |
| “The birthright citizenship argument is one that had been extremely fringe as much as a year or two ago, and they got four justices today to say that there is no constitutional right to birthright citizenship,” says Geidner. |
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ONE NUMBER
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$1,000
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| The Iran war has cost the typical American household $1,000 since it began in February, according to an estimate shared by Moody’s Analytics chief economist Mark Zandi. |
| Zandi cites the rise in fuel and food costs resulting from the closure of the Strait of Hormuz as the main driver. He added that his estimate “is, if anything, conservative.” |
| “The true cost is likely higher—meaningfully higher. It’s fair to ask whether it was worth it.” |
SOURCE: MOODY’S
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A VIRAL MOMENT
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The Great American State Fair
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| The much-anticipated Great American State Fair is well underway in Washington, D.C. |
| A signature part of the celebrations for America’s 250th birthday, the 16-day event on the National Mall is meant to showcase every state and territory. |
| But at least eight states—Connecticut, Illinois, Massachusetts, North Carolina, Maine, Oregon, Washington, and Pennsylvania—have said they will not take part in the fair, and videos shared online have shown sparse crowds at the event. |
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Linked
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| In this addictive word-association game, find the steps that will unite two seemingly unrelated words in just four moves. |
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