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Trump: Lower Interest Rates Would Go Hand-in-Hand With Tariffs
President Donald Trump Wednesday said that interest rates should be lowered and that would go "hand in hand" with his upcoming tariffs, despite economists' expectations that tariffs would fuel inflation and postpone rate cuts.
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Inflation Rises More Than Expected to 3%
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
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Trump Admin Readies Reciprocal Tariffs, Teeing up Major Economic Showdown
Donald Trump's trade advisers were finalizing plans Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war.
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Sen. Banks: 'Trump Saved the American Dream'
Sen. Jim Banks, R-Ind., said President Donald Trump "saved the American dream" by revitalizing the American steel industry and vowed to continue advancing Trump's trade policies during a speech Tuesday at the American Iron and Steel Institute.
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SEC: Won't Defend Biden-Era Climate Rule in Court
Mark Uyeda, acting chair of the Securities and Exchange Commission, said Tuesday the agency will not defend a "deeply flawed" rule enacted by the Biden administration that requires publicly held companies to disclose climate-related risks.
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Mayor Pete Brings the Biden Show on the Road
Over the last four years, the Biden Administration wreaked havoc upon the American economy. Regulatory costs totaled approximately $1.4 trillion for the private sector in 2024 alone, and the inflationary effects of this government overreach were compounded by a series of...
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Bessent to Visit Ukraine for Talks on Rare Earth Minerals
U.S. Treasury Secretary Scott Bessent will travel to Ukraine this week to discuss a potential deal concerning rare earth minerals, according to a source familiar with his plans.
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Powell: Fed 'Well Positioned' for 'Risks & Uncertainties' That Lie Ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday on the first of a two-day appearance before Congress.
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Trump: Much Govt 'Fraud, Waste, and Abuse' Remains
President Donald Trump said there is "much left to find" in his administration's investigations of government spending despite judges and "activists" trying to slow the push.
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Forecasting Errors Likely Put Fed on the Wrong Side Once Again
The Federal Reserve's record of forecasting has frequently led it to respond too late to changes in economic and financial conditions.
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IMF: Too Early to See Tariffs' Impact on World Economy
U.S. tariffs are an "evolving story" and it is too early to assess their impact on the world economy, International Monetary Fund Managing Director Kristalina Georgieva said Tuesday.
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Trudeau: Canada Will Respond Firmly to 'Unacceptable' US Tariffs
Canadian Prime Minister Justin Trudeau said Tuesday Canada would seek to highlight the negative impact of the United States' steel and aluminum tariffs and that - if needed - the response from Canada would be firm and clear.
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EU Vows Countermeasures to US Tariffs
U.S. tariffs on steel and aluminum "will not go unanswered," European Union chief Ursula von der Leyen vowed Tuesday, adding that they will trigger tough countermeasures from the 27-nation bloc.
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DOGE's Treasury Access May Risk US Financial Standing
The Department of Government Efficiency's embed into the federal government has raised a host of concerns, transforming a debate over how to cut government waste into a confrontation over privacy rights and the nation's financial standing in the world.
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Rep. Comer: Dems Fixate on Musk, Ignore Waste
Democrats are prioritizing investigations into Department of Government Efficiency chair Elon Musk over tackling government waste, fraud, and abuse, House Oversight Committee Chair James Comer, R-Ky., told Newsmax on Monday.
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FEMA Halting Payments for Migrant Housing in NYC
The acting head of the federal agency responsible for responding to disasters said Monday that he's suspending payments sent to New York City to house migrants and that staff who made them will be held accountable, after Elon Musk blasted the transactions on his social...
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Fight to the Finish: Trump Battles the Federal Leviathan
Renowned philosopher Friedrich Nietzsche once advised that people "battle not with monsters, lest you become a monster."Donald Trump clearly disagrees with Nietzsche, as can be seen by his remarkable efforts to drain the swamp of all monsters.
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Hope Fades on Rates as Fed Chair Powell Heads to the Hill
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy.
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How Trump & Congress Can Make America Competitive Again
One of the top priorities for the Trump administration and Congress this year will be passing a massive tax bill to extend the Trump tax cuts. It's also a perfect opportunity to correct a major problem in the tax code that threatens America's economic competitiveness.
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Hispanic Voters Put Trump in the White House. Now What?
Donald Trump was officially sworn in as the 47th President of the United States, marking a historic shift to the right amongst Americans, especially for Hispanic voters. In fact, 48 of the 50 states leaned red instead of blue and over 2,600 counties in America shifted...
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Productivity, Immigration Reform Could Ease National Debt
The Biden economy finished with a remarkable sprint!By the summer of 2023 the economy was at full employment, yet over the next six quarters GDP growth has averaged 2.9%.
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Trump Tariff Effect Boosts Taiwan's Exports
Taiwan's exports rose more than expected in January thanks both to artificial intelligence demand and companies getting in orders before Donald Trump assumed office as U.S. president and began levying trade tariffs.
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Trump to Announce Reciprocal Tariffs as Early as Friday
President Donald Trump told Republican lawmakers that he plans to announce reciprocal tariffs as early as Friday, three sources familiar with the plans told Reuters.
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Consumers Brace for Inflation Rising to 4.3%
A preliminary report from the University of Michigan said U.S. consumers are expecting inflation in the year ahead to hit 4.3%, the highest such reading since 2023.
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US Job Growth in Past Year Revised Down by 598,000
The U.S. economy created 598,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department's Bureau of Labor Statistics said Friday.