- Arizona Lawmakers Call for Resolution to Hold Back Electoral College Votes
By Bowen Xiao
At a public hearing in Arizona with select members of the state legislature and members of President Donald Trump’s legal team, lawmakers called for ...
- Poll Observer: ‘Large Percentage’ of People Who ‘Just Moved’ to Arizona Voted
By Jack Phillips
A woman who said she worked as a volunteer poll observer in Arizona’s Pima County claimed she was told by election officials to allow people ...
- Trump Documentary Director: ‘We’re Still Living in the Coup’
By Li Hai and Jan Jekielek
“We’re still living in the coup, we really are,” Amanda Milius, director of the documentary “The Plot Against the President,” ...
- Poll Challenger, Dominion Contractor Say Voting Machines in Detroit Were Connected to Internet
By Bowen Xiao
DETROIT—A contractor for Dominion Voting Systems who performed IT work at the TCF Center in Michigan and a former state senator who was a ...
- Anonymous Email From Arizona Tech Worker Alleges 35,000 Votes Given to Democrats in Pima County: Witness
By Jack Phillips
An alleged anonymous whistleblower’s email that was provided to a cybersecurity expert in testimony during an Arizona GOP state Senate meeting claimed ...
- Pennsylvania Lawmakers Formally Introduce Resolution to Dispute 2020 Elections Results
By Ivan Pentchoukov
Republican state lawmakers in Pennsylvania on Monday introduced a resolution to dispute the results of the 2020 election.
The text of the resolution, ...
- Judge Who Rejected Trump’s Pennsylvania Lawsuit ‘Misunderstood’ Argument: Kayleigh McEnany
By GQ Pan
The judge who rejected the bid by President Donald Trump’s reelection campaign to invalidate Pennsylvania’s election results “misunderstood” its legal argument, White House press ...
- Facebook Fact-Checker Issues Correction to Candace Owens After Legal Threat
By Zachary Stieber
A self-described fact-checking website recently issued a correction after labeling a post by Candace Owens saying Democratic presidential nominee Joe Biden isn’t ...
- Sidney Powell: Voting Contracts in Georgia Warrant Criminal Investigation
By Jack Phillips
Sidney Powell, who has filed election-related lawsuits in favor of President Donald Trump’s campaign, said that Dominion Voting Systems should be investigated ...
- Judge Blocks, Unblocks, Then Blocks Georgia From Wiping or Resetting Election Machines
By Ivan Pentchoukov and Petr Svab
UPDATE: In a third order issued late Sunday night, a federal judge overseeing Sidney Powell’s Georgia lawsuit granted a temporary ...
- Judge Schedules Hearing in High-Profile Georgia Election Case
By Zachary Stieber
The judge who Sunday ordered Georgia officials not to wipe or reset voting machines scheduled the next hearing in the case for Friday.
U.S. District ...
- Joe Biden Injures Ankle While Playing With His Dog: Campaign
By Jack Phillips
Democratic presidential candidate Joe Biden slipped while playing with his dog, Major, and twisted his ankle, according to his campaign and pool reporters.
His campaign said Sunday ...
![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 5")
