- Rudy Giuliani: Georgia House Needs ‘Courage to React’ to Election Fraud
By Jack Phillips
President Donald Trump’s legal team again lobbied the GOP-controlled Georgia House of Representatives to take further action in light of allegations of election ...
- Rep. Devin Nunes Suggests Hunter Biden Special Counsel
By Jack Phillips
Rep. Devin Nunes (R-Calif.) said he will work with colleagues on an investigation into Hunter Biden’s business dealings, namely with Chinese Communist Party (CCP)-linked foreign ...
- ‘Bought by Beijing’: Pompeo Warns of China’s Threats to US Colleges
By Cathy He
American colleges are becoming “hooked on Chinese Communist Party cash,” while Beijing works to siphon cutting-edge U.S. research to China, U.S. Secretary ...
- Infographic: What Happened in Atlanta on Election Night
By Petr Svab
On the night of Nov. 3, tens of thousands of absentee ballots for Fulton County, Georgia, were counted at the State Farm Arena’s vote-tabulation center in Atlanta. ...
- Trump Should Demand Special Counsel to Investigate Election Fraud
By Jack Phillips
About two-dozen House Republicans are calling on President Donald Trump to direct Attorney General William Barr to appoint a special counsel to investigate election ...
- US Attorney’s Office in Delaware Is Investigating Hunter Biden’s Taxes
By Jack Phillips
Hunter Biden, the son of Democratic presidential candidate Joe Biden, said Wednesday he is being investigated by the U.S. Attorney’s office in Delaware.
“I ...
- YouTube to Delete Content Alleging Presidential Election Fraud
By Jack Phillips
YouTube announced that from Dec. 9 it will block and remove content that contains statements “alleging widespread fraud or errors changed the outcome ...
- This Election Doesn’t Pass the Smell Test
By Michael Walsh
Commentary
Let’s start with this inconvenient and overriding truth about the 2020 election: there is no such thing as a Joe Biden fan. ...
- Trump on Election Battles: Legislators, Judges Need ‘Courage’ to Do What’s Right
By Zachary Stieber
President Donald Trump on Tuesday wondered if lawmakers or judges have the courage to help him challenge election results in key battleground states.
“Let’s see whether ...
- States Back Texas in Supreme Court Suit, Alleging ‘Unconstitutional’ Election in Battleground States
By Janita Kan
Several states have expressed their support for Texas’s bid to challenge the election results in four battleground states, which was filed on Tuesday ...
- Troubling Foreign Ties Behind Voting Machines Used in US
By Bowen Xiao
Behind a significant portion of voting machines used in the United States lies a complex web of questionable foreign ties, a hidden ...
- Inauguration Committee Fails to Pass Resolution Acknowledging Biden as President-Elect
By Jack Phillips
The Joint Congressional Committee on Inaugural Ceremonies voted down a resolution to acknowledge Joe Biden as the president-elect as President Donald Trump and ...
![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")
