Good economic data is bad news for Trump’s interest rate push
Fox News
Strong economic data complicates Trump's push for lower interest rates as U.S. debt costs exceed defense spending, with fiscal policy needed to address the $37 trillion debt burden.
Carol Roth is a former investment banker, entrepreneur and author of the new book "You Will Own Nothing" Broadside Books. Her previous books are "The War on Small Business" and the New York Times bestseller "The Entrepreneur Equation."
Normally, this would be very good news for a president’s economic agenda. But given America’s current fiscal situation, it is hindering one of President Donald Trump’s main focal points – the hope that the Fed will substantially lower its target interest rates.
The American fiscal situation is a precarious one, which has brought about several debt downgrades from the rating agencies, the last being in May, while U.S. debt is supposed to be the "safe haven" investment for the global financial system.
Israeli Prime Minister Benjamin Netanyahu discussed working with President Donald Trump to implement the second phase of the Gaza peace deal on "Special Report."
DHS Secretary Kristi Noem seeks emergency demolition of historic buildings at St. Elizabeths in Washington, D.C., citing security risks
The Trump administration is suing Virginia over a law allowing illegal immigrants to receive in-state tuition at colleges and universities.
The new order stops short of compelling any government witnesses to testify for next month's hearing.
A Massachusetts judge halted DHS’s plan to end TPS for South Sudan, preventing hundreds from losing legal status and facing deportation as the case proceeds.
Mayor-elect Zohran Mamdani will break tradition with public block party inauguration featuring Rep. Ocasio-Cortez, D-N.Y., and Sen. Sanders, I-Vt.
Tatiana Schlossberg, environmental journalist and daughter of Caroline Kennedy, died at age 35, her family announced through the JFK Library Foundation.
Government funding deadline approaches as Senate Minority Leader Chuck Schumer, D-N.Y., and Democrats appear ready to avoid shutdown when they return Jan. 5.
Federal authorities launched a large-scale operation in Minnesota to arrest and remove criminals suspected of fraud, the Department of Homeland Security said.
Socialist Zohran Mamdani makes history as New York City's first Muslim and millennial mayor, having defeated former Gov. Andrew Cuomo in a contentious mayoral race.
Sen. Jim Justice, R-W.V. says Republicans are "lousy" at understanding average Americans as Obamacare premium subsidies are set to expire Wednesday.
Florida runner Teag "Pure Joy" McCoy goes viral carrying American flag during long-distance runs, plans half-marathon in every state in 2026 to promote unity.
U.S. embassies located in the Western Hemisphere are directed to report on human rights abuses linked to mass migration, the State Department says.