United States government
Trump’s plan for mass deportation could have a big effect on prices
The U.S. saw inflation cool in 2024, but economists warn that President-elect Donald Trump’s plan for the mass deportation of undocumented immigrants could greatly affect prices. “Certainly the economic impacts are going to be felt,” said David J. Bier, the director of immigration studies at the Cato Institute. “There’s going to be supply chain issues. […]
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Experts say high food prices are here to stay. Here’s why
Inflation has steadily cooled over the past two years, despite seeing a slight stall in October and November. Prices for items such as gasoline, used cars and energy have all declined accordingly. However, food prices continue to outpace inflation, increasing by 28% since 2019. More than 85% of consumers report feeling frustrated with rising grocery […]
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Nippon Steel’s U.S. Steel bid referred to President Biden for final decision
The United States Steel Corp. Clairton Coke Works in Clairton, Pennsylvania, US, on Tuesday, Dec. 19, 2023. Justin Merriman | Bloomberg | Getty Images Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has […]
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DOGE’s Musk, Ramaswamy want Congress to pass huge spending cuts. That’s a tough sell
WASHINGTON, D.C. — Entrepreneurs Elon Musk and Vivek Ramaswamy have an ambitious agenda to cut federal spending with the help of their outside advisory council, the Department of Government Efficiency (DOGE). But on their first joint visit to Congress on Thursday, the pair also likely saw some of the limits of outside influence on the […]
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Argentina’s Milei is a VIP at Mar-a-Lago as Trump, Musk embrace his attacks on government spending
President-elect Donald Trump and Argentina’s President Javier Milei at Mar-a-Lago on November 14, 2024 Courtesy presidential office of Argentina Self-described anarcho-capitalist President Javier Milei of Argentina became the first foreign leader to visit President-elect Donald Trump since he won a second term, arriving in Florida Thursday to attend a gala dinner at Trump’s Mar-a-Lago resort, […]
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The president’s influence on the U.S. economy may be greatly exaggerated, according to experts
About 50% of Americans believe the result of the 2024 presidential election will directly affect their personal finances, according to a survey by financial services company Empower. And about 99% of voters in a Gallup survey said the economy was at least somewhat important in influencing their vote for the next president. “Voters absolutely are […]
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China launches war games around Taiwan, drawing ire from Taipei, Washington
Taiwan President Lai Ching-te gives a keynote address on national day to mark the 113th birthday of the Republic of China, Taiwan’s formal name, in Taipei, Taiwan October 10, 2024. Ann Wang | Reuters China’s military launched a new round of war games near Taiwan on Monday, saying it was a warning to the “separatist acts of Taiwan independence […]
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Elon Musk is on track to become a trillionaire by 2027. Here’s why the rich keep getting richer
Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires […]
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Watch Live: Federal prosecutors announce charges against NYC Mayor Eric Adams
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal prosecutors are expected to announce public corruption charges against New York City Mayor Eric Adams Thursday in a press conference in lower Manhattan. Adams has been indicted on criminal […]
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Biden administration backs House Republicans’ three-month government funding bill
US President Joe Biden (R) shakes hands with Speaker of the House Mike Johnson as they attend the National Prayer Breakfast Foundation’s annual event at the US Capitol in Washington, DC, on February 1, 2024. Brendan Smialowski | Afp | Getty Images The Biden administration on Tuesday announced its support for the latest short-term government […]
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