- Kari Lake Says Katie Hobbs Created ‘Major Ethical Problem’ by Not Recusing Herself
By Jack Phillips
Arizona Republican candidate Kari Lake said her Democrat opponent, Secretary of State Katie Hobbs, created a “major ethical problem” for not recusing herself as she ...
- Top House Republican on Midterm Losses: Trump ‘Wasn’t on the Ballot’
By Jack Phillips
Rep. Jim Banks (R-Ind.) said that Republicans’ 2022 midterm losses were not because of former President Donald Trump because he “wasn’t on the ballot.”
“Donald ...
- GOP Takes Key District From Democrats in Blue State as House Control Undecided
By Jack Phillips
Republicans on Sunday flipped an Oregon congressional district, giving the GOP another seat as control of the House is still up for grabs.
GOP candidate Lori ...
- GOP Senator Says ‘Old’ Republican Party Is ‘Dead,’ Calls for Major Changes
By Jack Phillips
Republicans need to “build something new” after failing to retake the Senate majority following the 2022 midterm elections, a GOP senator said.
Democrats picked up ...
- Gingrich: GOP Got Nearly 6 Million More Votes but Lost Many Races, ‘What’s Going On?’
By Eva Fu
Former House Speaker Newt Gingrich has been in politics for decades, and never has an election bewildered him as much as the 2022 midterms.
“I’ve ...
- Trump Alleges Voter Fraud In Arizona Senate Race, Demands Do-Over
By Tom Ozimek
Former President Donald Trump has alleged voter fraud in Arizona’s Senate race and demanded a do-over after The Associated Press and other media outlets called ...
- Republican Joe Lombardo Wins Nevada Governor Race, Defeats Democrat Steve Sisolak
By Mimi Nguyen Ly
Nevada Republican gubernatorial candidate, Clark County Sheriff Joe Lombardo, has won the midterm elections, ousting incumbent Gov. Steve Sisolak, a Democrat.
The projection of Lombardo’s ...
- Democrats One Seat Away From Senate Control After Kelly Defeats Masters in Arizona
By Mimi Nguyen Ly
Democrats are one seat away from retaining control of the U.S. Senate after incumbent Sen. Mark Kelly (D-Ariz.) defeated Republican challenger Blake ...
- Trump Wants Everyone to Know That He’s ‘Of Course’ Running for President: Adviser
By Jack Phillips
One of former President Donald Trump’s advisers said the 45th president will “of course” announce that he is running for president next week ...
- Trump Targets Fox News Parent Corp, Paul Ryan Following Midterm Elections
By Jack Phillips
Former President Donald Trump criticized Fox News parent News Corp after several negative articles were published after the Tuesday midterms.
A News Corp-owned publication, the Wall ...
- Revisiting President Ronald Reagan’s Veterans Day Remarks
By USNN World News Corporation and NH Politician
PRESIDENT REAGAN: Secretary Weinberger, Harry Walters, Robert Medairos, reverend clergy, ladies and gentlemen, a few moments ago ...
- Cameras Go Dark at Vote Counting Facility in Key Nevada County
By Zachary Stieber
Cameras at the vote counting facility in a Nevada county still counting midterm election votes stopped broadcasting overnight, officials said on Nov. 10.
The livestream ...
![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 9")
