The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.
Kenneth Rogoff worries about the incoming US administration’s plans to weaken the central bank’s independence.
The circle of billionaires in Trump’s cabinet embodies the reign of American oligarchy. Thanks to a generous supporter, your one-time gift today will be matched today and your monthly donation will be matched for the whole first year. Help us prepare to confront Trump’s fascism all through 2025 – make a donation now!
Bitcoin’s price could rise from $150,000 to $400,000 by 2025, with a potential 400% increase from its current price of $94,981, according to Blockware Solutions. This depends on factors like Donald Trump’s Strategic Bitcoin Reserve plan,
A little jawboning won’t hurt, but firing Powell or designating a ‘shadow chairman’ would.
In simple terms, a tariff is a sales tax on items imported from foreign countries. Trump plans to implement a 25% tariff on all goods imported from Canada and Mexico, as well as an additional 10% tariff on anything imported from China, The Guardian reported.
Since pledging to make America the "crypto capital of the planet", Trump's promises to enact pro-cryptocurrency policies have helped push the value of bitcoin to new records. Can the great run continue?
Gold prices rose on Thursday, buoyed by volatility in equities and fresh positioning while the U.S. Federal Reserve's interest rate outlook remained in focus ahead of trade tariffs proposed by President-elect Donald Trump.
U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform.
Federal Reserve Vice Chair for Supervision Michael Barr seeks legal counsel to potentially challenge any removal attempts by President-elect Donald Trump. Barr, appointed by President Biden, may face conflict with the new administration as Trump has shown interest in increasing influence over the Fed.
The idea of a US Bitcoin National Reserve gained traction after Trump's July 2024 proposal and November 2024 election victory. See why I am cautious about this hype.
Since Trump has been pitched a 'capital markets renaissance fueled' by bitcoin to 'unlock trillions in wealth', Musk warned that 'de facto' bankruptcy will happen in the US without a 'fix'. Musk on X wrote, "We either fix this or go de facto bankrupt."