Treasury revokes access 'mistakenly' given to Musk aide
The former Office of Government Efficiency (DOGE) received editorial access to the Treasury's delicate federal payment system for a short period of time before staff revoked his capabilities. Marko Elez, a 25-year-old Doge staffer who resigned on Friday, did not use additional privileges to make any changes to the database, said Treasury official Joseph Gioeli […]
Larry Summers sounds alarm over inflation under Trump
Former Treasury Secretary Larry Summers filed a warning Wednesday about the inflation threat under the Trump administration after discovering that inflation rates had risen unexpectedly in January. “We are currently at the most dangerous time of inflation policy since the early Biden administration,” he said, serving as Secretary of the Treasury under President Clinton and […]
House Republicans unveil blueprint to advance Trump's agenda
House Republicans on Wednesday released a blueprint that they plan to use to advance President Trump's legislative agenda, breaking through an impasse that has hampered the meeting for several days. The development of Budget resolution It will come a day before the House Budget Committee will discuss the resolution and move forward. This is the […]
Inflation ticks up to 3 percent annual increase in January
Consumer Price Index (CPI) It's increased It increased by 0.5% in January and 2.9% in December, then an annual increase of 3.0%. Economists expected CPI to rise by 2.8% to 2.9%, so the number on Wednesday for the Department of Labor is slightly above expectations. January is the fourth month marked inflation, rising from a […]
Bottom Line: SpaceX signs former chief to House Armed Services Committee chair
Elon Musk SpaceX I was hired Williams and Jensen To lobby on issues related to the launch of national security, Department of Defense Program It utilizes commercial launch services to deploy military and intelligence satellites. October, US Space Force reportedly awarded SpaceX, which currently controls competitors, including Jeff Bezos' Blue Origin, is $733.6 million in […]
Republicans weigh ending Wall Street’s favorite tax break
Republicans are considering repealing one of Wall Street's favorite tax credits with the encouragement of President Trump. This has long enjoyed Republican support and can pose yet another obstacle to the path to tax bills. Tax credits on favorable interest – often referred to as a loophole in carried interest, managers of investment funds, such […]
Trump pauses enforcement of foreign bribery ban
President Trump has signed an executive order to direct the Justice Department to halt enforcement of laws that prevent bribery against foreign government officials. The order, signed Monday, suspends enforcement of the Foreign Corruption Practices Act (FCPA) directed at American and foreign companies. The order argues that the law was “growth beyond its reasonable limits […]
House Budget chair floats framework for advancing Trump agenda in closed-door meeting
House Budget Committee Chairman Geordie Arrington (R-Texas) raised a framework to advance President Trump's legislative agenda during a private meeting of panel members Tuesday morning, sources told Hill. Ta. Arlington gave committee members the latest blueprint just before he told lawmakers at the door-to-door meeting of the extensive House GOP conference. His panel will take […]
Democrats call on Trump to retract tariffs on Canada, Mexico before they are implemented
A group of Democrats asked President Trump to withdraw tariffs in Canada and Mexico before they can be implemented. “As a member of the Houseways and Means Committee, we encourage them to withdraw their full customs orders on imports from Canada and Mexico before they come into effect,” the Democrat group said. I said this […]
Shopify shuts down Ye website selling swastika shirts
On Tuesday, e-commerce platform Shopify shut down an online store belonging to rapper Ye, formerly known as Kanye West. A Shopify spokesman who processed an order from Ye's Yeezy.com website confirmed with News Nation that it no longer supports the store. “All merchants are responsible for following the rules of our platform,” the spokesman said. […]