Trump brushes off the experts on tariffs

December 9, 2024

Welcome to The Hill's Business & Economics Newsletter

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business and economy

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House Republicans focus on Medicare and Social Security to cut DOGE

Rep. Mark Alford (R-Missouri) has cited Medicare and Social Security as potential focus areas for President-elect Trump's new Department of Government Efficiency (DOGE).

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Consumer watchdogs face a difficult future under the Trump administration

The Consumer Financial Protection Bureau (CFPB) is headed for a difficult future under President-elect Trump.

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President Trump says he will not seek to fire Fed Chairman Jerome Powell

President-elect Trump has said in a new interview that he has no intention of trying to fire Federal Reserve Chairman Jerome Powell when he takes office next year.

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Upcoming news themes and events we're watching:

of NFIB Small Business Optimism Index is scheduled to be released Tuesday at 11 a.m. ET.

In other news

Let's expand on the day's story.

Stock market today: NVIDIA obliterates Wall Street record as oil and gold rise

NEW YORK (AP) – Wall Street collapsed from a massive rally Monday as market superstar Nvidia's stock price fell…

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What you need to know

Business and economics news from other news outlets:

Dow falls 200 points or moreNvidia's decline pushes S&P 500 back from record (CNBC)
President Trump says he has no intention of firing Fed chairman Jerome Powell (CNN)
Byte dance, TikTokSeeks suspension of U.S. ban pending Supreme Court review (Reuters)

What other people are reading

Current Top Stories on The Hill:

Cheney responds to Trump's prison threat: 'This is the truth'

Former Rep. Liz Cheney (R-Wyo.) responded to President-elect Trump's threat to jail members of the House committee investigating the January 6, 2021, riot at the U.S. Capitol. He claimed that his statements were unwarranted. “An attack on the rule of law.” read more

Live updates: CEO shooting suspect reportedly wrote, “I was expecting a parasite''

Luigi Mangione, 26, was arrested in New York City on suspicion of fatally shooting United Healthcare CEO Brian Thompson. He was taken into custody in Pennsylvania. read more

what people are thinking

Opinions submitted to The Hill on business and economic issues:

How low-income DC residents can benefit from the second Trump administration
An invisible financial threat looms over President Trump and the Treasury Department