Top officials at the Pentagon are “thinking about” whether the U.S. should acquire equity stakes in leading defense contractors such as Lockheed Martin, Commerce Secretary Howard Lutnick said Tuesday. The Cabinet secretary, in an interview on CNBC’s “Squawk Box,” revealed the Defense Department’s interest in taking those stakes days after the U.S. government acquired 10% of Intel stock in a …
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Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says
President Donald Trump’s hike in tariffs is projected to generate enough revenue to cut federal deficits by $4 trillion over the next decade, according to the latest analysis by the Congressional Budget Office (CBO). The nonpartisan agency said it had updated its estimates of tariff revenues as part of the development of the short-term economic forecast covering 2025 to 2028, …
Read More »Man burns U.S. flag near White House to protest Trump order – The Washington Post
Man burns U.S. flag near White House to protest Trump order The Washington Post PROSECUTING BURNING OF THE AMERICAN FLAG The White House (.gov) SUN: Trump’s effort to eliminate cashless bail could affect Maryland counties WBFF Trump’s flag-burning order draws rare fire from conservatives Fox News Trump’s Own Order on Flag Burning Concedes First Amendment Protections The New York Times Source link
Read More »‘You had to fend for yourself’: Hurricane Katrina haunts New Orleans as Trump guts disaster aid | New Orleans
Darren McKinney, the field operations director of lowernine.org, takes a break during a shift repairing a neighbor’s home in New Orleans’s Lower Ninth Ward on 20 August 2025. Darren McKinney grew up in New Orleans’s Lower Ninth Ward. When Hurricane Katrina struck 20 years ago this week, he watched his neighborhood wash away. From his second floor apartment, he saw …
Read More »Trump Muses About Being A Dictator
Topline President Donald Trump said “a lot of people are saying ‘maybe we’d like a dictator,’” but insisted he isn’t one—making the bizarre comment in response to critics of his federal police takeover in Washington and plans to replicate the effort in other cities. President Donald Trump signs a series of executive Orders in the Oval Office at the White …
Read More »Tariffs: Trump is crowing about his levies reducing the debt by $4 trillion. But there are some caveats
Facebook Tweet Email Link President Donald Trump is making sure to share – repeatedly – a recent government analysis that shows his sweeping array of tariffs is expected to reduce the federal debt by $4 trillion over the next decade, more than forecast only a few months ago. The president has referenced the Congressional Budget Office report in multiple remarks …
Read More »Trump Embraces Socialism, Nationalizes Failing Chipmaker
Politicians can end up with strange bedfellows in this chaotic age, but certain economic tenets are virtually incontrovertible: calls to nationalize industry typically come from the left, while the right steadfastly opposes those efforts in favor of market-based solutions. And yet, for some reason, the ever-chaotic president Donald Trump has directed the US government to acquire a 10 percent stake …
Read More »Trump ignites Fed war – Axios
Trump ignites Fed war Axios Trump’s interest-rate crusade will be self-defeating The Economist Trump declares war on the Fed, setting up a titanic struggle for world’s most important central bank Fortune What Trump’s move to fire Fed governor means for central bank’s independence The Guardian Morning Bid: Markets ask again of Trump: ‘Can he do that?’ Reuters Source link
Read More »Exclusive: Trump administration weighs sanctions on officials implementing EU tech law, sources say – Reuters
Exclusive: Trump administration weighs sanctions on officials implementing EU tech law, sources say Reuters EU Defends Right to Regulate After Trump Attacks Digital Taxes Bloomberg.com Trump threatens tariffs on countries that ‘discriminate’ against US tech The Guardian “Show Respect Or Consider Consequences”: Trump’s Latest Tariff Threat NDTV EU resists Trump: Tech regulation is our ‘sovereign’ right politico.eu Source link
Read More »Exclusive: Trump administration weighs sanctions on officials implementing EU tech law, sources say – Reuters
Exclusive: Trump administration weighs sanctions on officials implementing EU tech law, sources say Reuters Trump vows ‘substantial’ new tariffs, chip restrictions on countries with digital taxes CNBC Trump threatens tariffs on countries that ‘discriminate’ against US tech The Guardian “Show Respect Or Consider Consequences”: Trump’s Latest Tariff Threat NDTV EU resists Trump: Tech regulation is our ‘sovereign’ right politico.eu Source link
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