Federal Reserve warns of impact of Trump tariffs as US interest rates held
Wednesday, 7 May 2025 The US central bank held interest rates as it said Trump tariffs have risked higher inflation and unemployment amid "so much" uncertainty.
In a bold move, President Donald Trump announces plans to meet with American filmmakers to discuss the potential impact of new tariffs on foreign-made films. Trump criticized Hollywood for its lack of business involvement, saying the industry isn't doing enough for American jobs. As the threat of...
US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.
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In a 6–3 decision, the Supreme Court ruled that President Trump had the authority to fire Biden-appointed officials Wilcox and Harris mid-term, weakening decades-old congressional protections over independent agencies. The decision—criticized by Justice Kagan—allows presidents to remove executive officers without cause, but excludes the Federal Reserve. Trump’s firings stalled the NLRB and Merit Board, halting key decisions. While the ruling marks a major shift in separation of powers, the Court says a final judgment is still pending.
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Donald Trump has issued a BIG ultimatum to the U.S. Senate over his controversial “Big Beautiful Bill.” In a fiery statement, Trump warned lawmakers that if they fail to pass the sweeping legislation, Americans could face a staggering 68% tax hike. The bill, which he claims will transform the economy, is sparking fierce debate across Washington.
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Tune in as Trump doubles down on his public spat with Elon Musk during a tense press gaggle. He outright threatens to “take a look” at deportation and unleash the “monster” Department of Government Efficiency—DOGE—on Musk, claiming the billionaire benefits from “more subsidies than any human being in history.” Trump warns that without subsidies “Elon might have to close up shop and head back to South Africa.” Will DOGE be turned loose?
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President Trump will attend the opening of a controversial migrant detention center deep in the Florida Everglades, nicknamed “Alligator Alcatraz” for its remote, wildlife-infested location. Built rapidly using Governor DeSantis' emergency powers, the facility can hold up to 5,000 migrants and is located on the grounds of a long-abandoned 1960s jetport. Despite recent political friction, Trump and DeSantis will appear together at the launch. Critics are alarmed over the harsh conditions and secrecy surrounding the project, which has already sparked a wave of protests and national debate.
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Donald Trump was in great spirits Tuesday morning ... and why wouldn't he be, 'cause he was talking about one of his favorite subjects -- alligators gobbling up.. TMZ.com
Sen. Bernie Sanders strongly opposes President Trump’s so-called “Big, Beautiful Bill,” calling it the most dangerous legislation in modern U.S. history. Sanders claims the bill is a billionaire-funded payoff that gives $975 billion in tax breaks to the top 1%, while slashing $1.1 trillion from healthcare programs like Medicaid and ACA—potentially leaving 16 million uninsured. With studies predicting 50,000 avoidable deaths per year, Sanders calls the bill a "death sentence" for working-class Americans and a devastating blow to rural hospitals already on the brink.
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