Tag Archives: Trumps

Trump’s newborn savings accounts a ‘back door for privatizing Social Security,’ Bessent says  The Washington Post Treasury secretary calls new Trump accounts ‘a backdoor’ way to privatize Social Security  CNN Trump accounts are a ‘backdoor for privatizing Social Security,’ Treasury secretary says  USA Today ‘Trump accounts’ for newborns could grow to $1.9M, Treasury says  Fox Business Bessent hails new ‘Trump accounts’ as ‘backdoor for …

Ben Chu, Daniel Wainwright & Phil Leake BBC Verify Getty Images Donald Trump has delivered a profound shock to the global trading system since returning to the White House. The US president announced on 2 April, so-called Liberation Day, a slew of swingeing so-called “reciprocal” tariffs, or import taxes, hitting dozens of countries around the world. Many of these have …

On Tuesday evening, President Donald Trump called for Senate Judiciary Chair Chuck Grassley (R-IA) to eliminate what Trump called the “‘Blue Slip’ SCAM,” a Senate tradition that gives home-state senators a veto power over some presidential nominees who wield power entirely within the senator’s state. Trump posted about his opposition to blue slips on Truth Social, his personal communications platform. …

US Copper Tumbles as Trump’s Tariff Excludes Refined Metal  Bloomberg Trump slaps universal 50% tariff on copper imports; metal’s price plunges  CNBC ADJUSTING IMPORTS OF COPPER INTO THE UNITED STATES  The White House (.gov) Copper Prices Crash After Trump Imposes Tariffs on Copper Products  The Wall Street Journal Copper futures tumble as White House says refined metal exempt from 50% tariffs  Yahoo Finance Source link

WASHINGTON (AP) — On this day in 1965, President Lyndon B. Johnson signed legislation into law that launched Medicaid, creating a U.S. health care safety net for millions of low-income Americans in what would become one of the crowning achievements of his domestic legacy. A year earlier, he did the same for food stamps, drawing on President John F. Kennedy’s …

Texas state Rep. Jolanda “Jo” Jones looks through congressional maps during a redistricting hearing at the Texas Capitol in Austin on July 24. Eric Gay/AP hide caption toggle caption Eric Gay/AP Republicans in the Texas House of Representatives have released a proposed new redistricting map that seeks to fulfill President Trump’s desire to add up to five additional GOP congressional …

Federal Reserve Chair Jerome Powell (right) and his colleagues are expected to leave interest rates unchanged Wednesday, despite calls for lower rates from President Trump. The president toured the central bank’s headquarters renovation project with Powell last week. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images The Federal Reserve is expected to hold interest rates steady on Wednesday …

Shipping containers are stacked on the Ever Magic container ship operated by Evergreen at the Port of Los Angeles on June 25, 2025 in Los Angeles, California. Mario Tama | Getty Images The U.S. economy grew at a much better than expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the …

The US Senate has voted to confirm President Donald Trump’s former defence lawyer, Emil Bove, to a lifetime appointment as a judge on a federal appeals court. Democrats all opposed the move, with two Republicans joining them to vote against Bove by a vote of 50-49 on Tuesday evening. Bove is considered Trump’s most contentious judicial pick to date, having …

WASHINGTON (AP) — The International Monetary Fund is upgrading the economic outlook for the United States and the world this year and next because President Donald Trump’s protectionist trade policies have so far proven less damaging than expected. The IMF now forecasts 3% growth for the global economy this year. That is down from 3.3% in 2024 but an improvement …