Trump urges Treasury Secretary Bessent to take Federal Reserve job
Tag: Donald Trump
California tech billionaire Marc Benioff, once a staunch supporter of the Democratic Party, has become “unrecognizable” after endorsing President Donald Trump’s National Guard deployments and cozying up to the president, The Washington Post reported Sunday. Benioff had initially distanced himself from Trump following his 2024 victory, pledging to maintain his company’s core values such as diversity and inclusion. But after he publicly supported Trump’s plan to deploy the National Guard to San Francisco, along with making social media posts congratulating the president, those around him begin to question whether he had caved on his principles.“Marc Benioff stood out as someone who showed us that San Francisco values and the tech industry could coexist with and amplify each other,” said California state Rep. Matt Haney, a Democrat who represents San Francisco, speaking with the Post. “[That persona is now] unrecognizable.”Others, like Rafael Mandelman, the president of the San Francisco Board of Supervisors, described Benioff’s apparent shift towards Trump a “gut punch.” And a message sent in his company’s internal messaging channel sharing a news article that included Benioff’s comments supporting Trump’s National Guard deployments garnered 200 negative reactions from employees using barfing-face emojis, according to a screenshot obtained by the Post.“This seems to conflict pretty heavily with our values,” an employee at Benioff’s company Salesforce wrote, according to the Post. While Benioff would eventually walk back his support for Trump’s proposal to deploy the National Guard to San Francisco, he continued to praise him on social media, and last month, joined Trump in Tokyo for dinner. His relationship with Trump was apparently so strong that the president personally asked Benioff for his recommendation as to who he should replace Federal Reserve Chair Jerome Powell with, whom Trump has frequently tangled with and floated firing over his refusal to cut interest rates to his liking.“Marc, do you have a suggestion?” Trump asked Benioff, who owns Time magazine, during the dinner. “You put me on the cover of Time magazine. That was a nice picture. Thank you very much for that.”.
President Donald Trump is intensifying his efforts to thwart attempts to force the release of the Epstein files, even as the House moves toward a vote that could send disclosure legislation to his desk for his signature or veto further heightening scrutiny of his past ties to the late sex offender Jeffrey Epstein. On Friday, the president announced he will ask the U. S. Department of Justice, Attorney General Pam Bondi, and the Federal Bureau of Investigation “to investigate Jeffrey Epstein’s involvement and relationship with Bill Clinton, Larry Summers, Reid Hoffman, J. P. Morgan, Chase, and many other people and institutions, to determine what was going on with them, and him.” The New York Times reported that the “inquiry appeared to be retribution for the renewed focus on his own ties to Mr. Epstein.” After White House officials reportedly held a Situation Room meeting with Republican Congresswoman Lauren Boebert on Wednesday to convince her unsuccessfully to remove her name from the discharge petition, the president on Friday took a different tack, appearing both to try to wash his hands of the entire ordeal while refocusing attention on his political opponents and others.“Epstein was a Democrat, and he is the Democrat’s problem, not the Republican’s problem!” Trump railed on his Truth Social website, while attacking Democrats. “The Democrats are doing everything in their withering power to push the Epstein Hoax again, despite the DOJ releasing 50, 000 pages of documents, in order to deflect from all of their bad policies and losses, especially the SHUTDOWN EMBARRASSMENT, where their party is in total disarray, and has no idea what to do,” Trump alleged.“Some Weak Republicans have fallen into their clutches because they are soft and foolish,” the president continued. “Epstein was a Democrat, and he is the Democrat’s problem, not the Republican’s problem!”“Ask Bill Clinton, Reid Hoffman, and Larry Summers about Epstein, they know all about him, don’t waste your time with Trump. I have a Country to run!” Deadline on Friday noted that “Since the email release, Trump has avoided answering reporters’ questions about Epstein.”Pointing to Trump’s Friday remarks, Politico’s Kyle Cheney remarked, “Trump again pleads with Republicans to stop talking about Epstein. The pressure hasn’t worked as well as it usually does. Also, the emails show Epstein was politically amorphous, deriding Ds just as much as Rs. And these latest emails were from the Epstein estate, not DOJ.”Attorney Aaron Parnas added, “I guarantee you if Donald Trump truly believed Epstein was the ‘Democrat’s problem,’ he would have released all of the files by now.”.
Just days after Donald Trump threatened it with a $1 billion defamation lawsuit over misleading editing of a speech Britain’s BBC issued a retraction.
Newsom’s Prop 50 Redistricting Measure Faces New Lawsuit from DOJ
The timeline for SNAP benefits remains uncertain, even after Congress agrees to end the shutdown
The post US House votes on ending US government shutdown WSJ appeared com. The House of Representatives was approaching a final vote late Wednesday on legislation to end the longest government shutdown in US history, the Wall Street Journal reported on Thursday. The bill, which passed the Senate on Monday, has sizable momentum, and its approval by the House would clear it for US President Donald Trump’s signature. Market reaction At the time of writing, the US Dollar Index (DXY) is up 0. 05% on the day at 99. 50. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6. 6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing.
Debate over the H-1B program has split both the American public and the GOP, so what is the program and why has it become a political flashpoint during the Biden and Trump admins?.
At 40 days, the current shutdown is the longest ever in the U. S., and until this weekend Republicans and Democrats had been at an impasse.