Browsing: Donald Trump

Republicans have officially won control of the US House of Representatives, securing the 218 seats needed for a majority. Alongside victories in the Senate and Donald Trump’s return to the White House as president-elect, the GOP now holds full control of the federal government.  

Billionaire Elon Musk has been tapped by Donald Trump to co-lead a new body aimed at overhauling government operations. The body aims to streamline bureaucracy and cut federal spending. Trump described the organisation as an external advisory body working alongside the White House and the Office of Management and Budget.

Florida Senator Marco Rubio is reportedly in talks to become secretary of state whilst Florida congressman Michael Waltz is being lined up as national security advisor, according to sources, and other Trump loyalists have been put in key positions.

President-elect Donald Trump is projected to have won Arizona – meaning he has taken all seven swing states in the…

David Lammy dismisses past criticism of Donald Trump  Foreign secretary David Lammy has dismissed his past criticism of Donald Trump…

Russian President Vladimir Putin congratulated Donald Trump on his recent election victory, praising him as a “courageous man” during a speech in Sochi. Putin noted that Trump was “hounded from all sides” during his previous term in office.

Jerome Powell, the head of the US Federal Reserve, dismissed speculation that former President Donald Trump could remove him from his position when he returns to office in January 2025. Speaking at a press conference after the Fed lowered its key interest rate to 4.5%-4.75%, Powell said he would not step down if asked, adding that the law protects his role from presidential interference.

Quick View – Contents What does a Donald Trump presidency look like for the economy? On Tuesday, the United States voted…

China, after decades of mostly export-based growth, must now deal with massive problems of industrial overcapacity. The country is now trying to encourage more domestic consumption and to diversify its trading partners.

In very traditional Republican terms, he’s talking about tax breaks and reduced regulation. In terms of some of his specific pledges on the economy, he’s talking about getting rid of income taxation on tips and overtime. These things combined have the potential to be quite domestically inflationary, I would say.