- GOP Rep. Chris Stewart dismisses second whistleblower: ‘Why should I care?’
By Ronn Blitzer | Fox News
Members of the House Intelligence Committee from both parties reacted to the news that there is a second whistleblower with knowledge ...
- Intelligence Community Watchdog Interviews Second Whistleblower
BY IVAN PENTCHOUKOV
Intelligence Community Inspector General Michael Atkinson interviewed a second whistleblower with alleged knowledge about the call between President Donald Trump and the leader of Ukraine.
Democrats have led an ...
- Chris Wallace challenges Dem on not holding official impeachment vote: ‘There was a clear precedent’
By Nick Givas | Fox News
House Democrats have ignored historical precedent and political decorum by not holding an official impeachment vote in their fight to remove President Trump from office, ...
- Trump should be allowed ‘confrontation rights’ against Ukraine call whistleblower, ex-Clinton prosecutor says
By Charles Creitz | Fox News
President Trump should be afforded “confrontation rights” when it comes to the whistleblower that set off the Democrats’ impeachment inquiry, according to ...
- Video appears to contradict Warren’s suggestion that school fired her over pregnancy
By Sam Dorman | Fox News
Sen. Elizabeth Warren, D-Mass., suggested this week that a school principal effectively fired her from a teaching job after she became ...
- Lindsey Graham vows to have whistleblowers testify publicly if Democrats impeach Trump
By Ronn Blitzer | Fox News
Senate Judiciary Committee Chairman Lindsey Graham, R-S.C., vowed to expose the anonymous whistleblowers against President Trump if Democrats move forward with impeachment; ...
- Media yawn at Schiff’s lie on MSNBC, but Trump quick to pounce
By Howard Kurtz | Fox News
No Trump probe is complete these days without a demand to investigate the investigators.
Suddenly, the harsh spotlight has landed on Adam Schiff.
The ...
- Whistleblower did not disclose contact with Schiff’s committee to inspector general, sources say
By Catherine Herridge, Adam Shaw | Fox News
The intelligence community whistleblower who alleged misconduct at the White House over President Trump’s call to the Ukrainian president did not disclose contact with ...
- Ronna McDaniel: Democrats’ impeachment inquiry is backfiring as donations to Trump campaign surge
By Julia Musto | Fox News
President Trump and the Republican National Committee’s fundraising numbers during the past couple of weeks, marked by the impeachment inquiry, show Democrats’ efforts are backfiring ...
- Pelosi Says Schiff Didn’t Fabricate Trump Transcript When He Added Words
BY ZACHARY STIEBER
House Speaker Nancy Pelosi (D-Calif.) said that Rep. Adam Schiff (D-Calif.) did not fabricate portions of the President Donald Trump-Ukraine transcript when Schiff brazenly added words to the ...
- Fox Turns Down Biden Campaign’s Request to Reject Trump Ad That CNN Declined to Air
BY ZACHARY STIEBER
Fox News rejected a request by the campaign of former Vice President Joe Biden not to run an advertisement from President Donald Trump’s campaign that targets ...
- White House to Send Pelosi Letter Refusing Compliance With Demands Until Impeachment Inquiry Vote
BY JANITA KAN
The White House plans to send a letter to House Speaker Nancy Pelosi (D-Calif.) to reject compliance with lawmakers’ demands until she holds a vote ...
![Strong labor data and positive expectations about the incoming Trump administration pushed the U.S. dollar to a two-year high on Thursday. The U.S. dollar iIndex hit a high of 109.53 on Jan. 2, the first trading day of the year, and the highest since November 2022. The jump came as data released on Thursday by the U.S. Department of Labor showed that initial jobless claims hit an eight-month low, suggesting a robust labor market, which is a positive sign for the overall economy. The dollar index was trading slightly lower on Friday at 108.96 as of 08:30 a.m. EST. The dollar index increase is also supported by investor confidence in the upcoming Trump administration, which assumes power this month. According to a recent survey by consulting company Teneo, “global CEOs and investors are optimistic about the economic impact of a second Trump administration, outweighing concerns about tariffs, geopolitical tensions, and trade barriers.” Story continues below advertisement In fact, “50 percent of global CEOs are accelerating activities in areas such as domestic and international investment and hiring based on the outcome of the 2024 U.S. election,” it said. While the dollar strengthened, the euro and sterling declined on Thursday. The euro fell to its lowest level in more than two years while the sterling declined to its lowest in eight months. A Dec. 17 report from JP Morgan predicts the U.S. dollar to reach even new highs over the coming months. Related Stories How Major US Stock Indexes Fared Jan. 2 1/2/2025 How Major US Stock Indexes Fared Jan. 2 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup 1/2/2025 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup “November’s election outcome has given way to lower global growth expectations, wider growth gaps between the U.S. and the rest of the world, and higher terminal federal funds rate forecasts for 2025—the perfect trifecta of bullish U.S. dollar cyclical impulse,” said Meera Chandan, co-head of Global FX Strategy at the company. “These are early first-order reactions that may give way to deeper rethinks once the full set of Trump administration policies are known next year [2025], but for now, they constitute a solid economic rationale for carrying a long U.S. dollar stance into the first quarter of 2025.” JP Morgan sees the euro’s outlook as bearish, noting the eurozone is especially vulnerable to trade conflicts. And while sterling was the best-performing currency against the dollar last year, such an outperformance is not expected this year, it said. US Economy Performance in 2025 With President-elect Donald Trump set to take power in less than three weeks, there are mixed views about how things could shape up for the American economy. According to a Dec. 9 post by Morgan Stanley, markets are “bullish on Trump’s second term, hoping for tax cuts and better growth.” “We expect no net stimulus and a decent size hit from tariffs and immigration. This should be bullish for bonds as the Fed continues cutting, but could be a disappointment for frothy stocks,” it said. Regarding tariffs, the most likely outcome is a 20 percent hike on Chinese imports and on vehicles from Mexico and the European Union, Morgan Stanley said. Story continues below advertisement It predicts the U.S. Federal Reserve to continue cutting interest rates to a range of 3 percent 3.5 percent by the end of 2025. S&P Global is forecasting the U.S. economy to grow by 2 percent in 2025 and 2026, following an estimated growth of 2.7 percent last year. The company sees inflation to likely remain above the 2 percent level for “longer than we previously thought.” Goldman Sachs predicts the U.S. economy to “beat expectations” this year. “The U.S. economy is in a good place,” said David Mericle, an economist with the company. “Recession fears have diminished, inflation is trending back toward 2 percent, and the labor market has rebalanced but remains strong.” While Trump’s policy changes are likely to be “significant,” Mericle does not see these actions changing the trajectory of the economy substantially. Goldman foresees the Fed reducing interest rates to a range of 3.25–3.50 percent, with the U.S. GDP predicted to grow by 2.5 percent. There have been three consecutive quarters of economic growth in the first nine months of 2024—1.6 percent in the first quarter, 3 percent in the second, and 3.1 percent in the third.](https://www.usnn.news/wp-content/uploads/2025/01/US-Dollar-Index-Hits-Highest-Level-in-2-Years-Euro-Falls-jpg.webp "US Dollar Index Hits Highest Level in 2 Years, Euro Falls | USNN World News")
