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32°
Sunday, mar 2
Business
Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say
US tariffs on goods from its three largest trading partners -- neighboring nations Canada and Mexico as well as China -- have gone into effect after President Trump signed an order late Saturday afternoon, Feb. 1. Canada and Mexico have been slapped with 25 percent tariffs. The rate for China, America's main economic rival, is 10 percent. Canada also has an adjusted 10 percent rate for energy products, include crude oil. Mexico and Canada account for about 70 percent of US crude oil imports. Now, many economists are warning that American consumers will be paying more for a host of staple i…
Politics
Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report
Representatives from a team led by billionaire businessman and political activist Elon Musk have been granted access to the US Treasury Department’s payments system, a move that could significantly impact federal spending oversight, according to a new report. Treasury Secretary Scott Bessent authorized the change late Friday, Jan. 31, giving Musk’s Department of Government Efficiency (DOGE) team access to the federal payment system, which manages disbursements for the entire US government, The New York Times says. The decision follows a standoff with David Lebryk, a longtime Treasury …
Business
Trump Vows To Hit Canada, Mexico, China With Tariffs: Here's When, How Much
Donald Trump's months-long threats of implementing tariffs on other countries are apparently hours away from becoming a reality. Click here for a new, updated story - Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say White House Press Secretary Karoline Leavitt announced at a news conference Friday afternoon, Jan. 31 that both of America's neighbors, Canada and Mexico, will be slapped with 25 percent tariffs on goods. A third nation, China, America's main economic rival, will be hit with 10 percent tariffs. They take effect on Saturday, Feb. 1, and are "for …
Politics
Trump To Federal Workers: Remove Pronouns On Email Signatures
Federal employees across multiple agencies have been directed to remove pronouns from their email signatures. The move stems from an executive order signed by President Donald Trump seeking to eliminate diversity, equity, and inclusion (DEI) programs in the federal government, according to internal memos obtained by ABC News. It's also part of a broader effort by the Trump administration to dismantle DEI initiatives in federal agencies. The directive takes effect at the end of the business day Friday, Jan. 31. The measure has sparked concerns among workplace advocates, with som…
News
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…
Politics
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system. He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy, would mark a pivotal turning point for the nation. "America is going to be very rich again, and it's going to happen very quickly," Trump said during a speech in Florida on Monday, Jan. 27 at the 2025 Republican Issues Conference at the Trump National Doral Miami. "Instead of taxing our citizens to enrich foreign nations, we should be tariffing an…
News
Mystery Drones 'Not The Enemy:' Trump Clears The Air
After months of speculation and sky-high conspiracy theories, the mystery around those mysterious drones has finally been grounded. Sort of. White House Press Secretary Karoline Leavitt relayed a message “directly” from President Donald Trump during her first press briefing on Tuesday, Jan. 28, addressing the drones that have been seen over the tri-state since late last year. “After research and study, the drones that were flying over New Jersey in large numbers were authorized by the FAA (Federal Aviation Administration) for research and various other reasons,” Leavitt quoted Trump as sayi…
Business
Arabica Coffee Prices Spike Amid Colombia-US Tariff Dustup
Prices of Arabica coffee hit record highs in the aftermath of threats of tariffs by both the United States and Colombia after a dispute involving migrant deportation flights. Arabica futures hit a record of $3.56 in the Intercontinental Exchange on Monday, Jan. 27, a day after the back-and-forth dustup a day earlier, according to The Wall Street Journal. The previous record of $3.48 was recorded in early December. The US imports about 30 percent of its coffee from Colombia. Colombia agreed to accept the flights after earlier turning back two planes. This prompted President Donald Trump to…
Politics
Trump Justice Department To Investigate January 6 Prosecutors
The Trump administration will investigate prosecutors who oversaw the criminal cases against Jan. 6, 2021 Capitol attack defendants, according to a brand-new report. Earlier report - Trump Ends All Jan. 6 Cases With Pardons, Dismissals, Commutations, Signs Flurry Of Orders Calling the probe a "special project," Ed Martin, the acting US Attorney for Washington, DC, asked prosecutors to turn over notes, documents, files emails and other information related to the cases in an email on Monday, Jan. 27, the Wall Street Journal reports. Hours after being sworn in to a second non-consecuti…
Politics
Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs
Colombia, one of the United States' key allies in Latin America, has agreed to accept migrant deportation flights after earlier turning back two planes, prompting President Donald Trump to threaten steep sanctions. Trump said Sunday afternoon, Jan. 26 that he would impose "emergency" 25-percent tariffs on Colombian goods after it blocked the flights. But negotiations between the countries led to an agreement late Sunday night and Trump withdrew the tariff threats. “The Government of Colombia has agreed to all of President Trump’s terms, including the unrestricted acceptance of all undocume…
Politics
Trump Threatens 25% Tariffs After Colombia Turns Back Flights Carrying Migrants From US
President Donald Trump says he will impose 25 percent "emergency" tariffs on Colombian goods after the key South American ally refused to allow two two flights from the US carrying migrants to land. Click here for a new, updated story - Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs "The US cannot treat Colombian migrants as criminals," Colombia President Gustavo Petro said in a statement on Sunday, Jan. 26. "I deny the entry of American planes with Colombian migrants into our territory. "The US must establish a protocol for the dignifie…
Politics
Trump Pulls Dr. Anthony Fauci's Security Detail
The taxpayer-funded security detail assigned to Dr. Anthony Fauci, one of the government's main spokespersons during the COVID-19 pandemic, has been pulled by President Donald Trump. The 84-year-old Fauci, the former National Institutes of Allergy and Infectious diseases director, served as one of the lead members of the White House Coronavirus Task Force under Trump, who often publicly criticized his advice. Earlier in the week, Trump pulled security for former Secretary of State Mike Pompeo and ex-National Security Advisor John Bolton, both of whom face assassination threats tied to …
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