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By Zachary Stieber
The man who allegedly attacked Paul Pelosi is an illegal immigrant, U.S. officials have confirmed.
“U.S. Immigration and Customs Enforcement (ICE) lodged an immigration detainer ...
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By Samantha Flom
While President Joe Biden undoubtedly expected to receive backlash from Republicans following his Nov. 2 speech warning that “democracy is under threat” from supporters of ...
- A Key Date in the Efforts Against an Incoming President
By Jeff Carlson
News Analysis
Jan. 12, 2017, has proven to be an incredibly important date in American politics.
It was on this date that Igor Dancehnko’s ...
- Plaintiffs Ask Judge to Find Benson in Contempt of Court for Failing to Correct Election Guidance Manual
By Steven Kovac
A Michigan Court of Claims judge has been asked to declare Secretary of State Jocelyn Benson, a Democrat, in contempt for noncompliance ...
- Wisconsin Court Shoots Down Attempt to Change Rules for Absentee Ballots Before Midterms
By Katabella Roberts
A Wisconsin judge on Wednesday dealt a blow to a group in the state who hoped to change rules governing absentee ballots, denying their request ...
- Massachusetts Governor, Overwhelmed by Illegal Immigrants, Asks Biden Admin for Help
By Samantha Flom
Massachusetts Gov. Charlie Baker has appealed to the Biden administration for assistance in supporting the influx of illegal immigrants seeking refuge in ...
- Pennsylvania Supreme Court Orders Undated, Wrongly Dated Ballots to Not Be Counted
By Mimi Nguyen Ly
The Pennsylvania Supreme Court on Tuesday ordered counties to not count any ballots that are in undated or incorrectly dated envelopes in the ...
- Florida Midterms: Republicans Surpass Democrats in Vote-By-Mail and Early Voting Numbers
By Patricia Tolson
With only one week to go until the Nov. 8 midterm election, Republicans have surpassed Democrats in vote-by-mail and early voting numbers.
According ...
- Democrats Likely to Lose More Than 20 House Seats in 2022 Midterm: Cook Political Report
By Jack Phillips
The head of the Cook Political Report predicted that Democrats are likely to lose more than 20 seats in the House of ...
- Biden Claims There Are ‘54 States’ Amid Concerns Over Cognitive Ability
By Lorenz Duchamps
President Joe Biden has once again become a center point of discussion after claiming at a campaign rally in Pennsylvania that there ...
- Alleged Paul Pelosi Attacker Charged With Assault, Attempted Murder
By Zachary Stieber
The man who allegedly attacked the husband of U.S. House Speaker Nancy Pelosi (D-Calif.) was charged Oct. 31 with federal and state ...
- U.S. Chief Justice Roberts pauses fight over Trump tax returns
By Reuters
WASHINGTON, Nov 1 (Reuters) – U.S. Chief Justice John Roberts on Tuesday temporarily blocked a U.S. House of Representatives committee from gaining access ...
![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")
