- Anti-Impeachment Democrat Rep. Jeff Van Drew Plans to Join Republican Party
By Allen Zhong
Rep. Jeff Van Drew, one of the two Democrats who voted against formalizing the impeachment inquiry against Trump back in October, is leaving the ...
- ‘Would Be Big’: Trump Responds to Democratic Congressman’s Plans to Join GOP
By Jack Phillips
President Donald Trump has responded to reports that Rep. Jeff Van Drew (D-N.J.) is planning to join the Republican Party following weeks ...
- Democrat Rep. Peterson Says He’ll Vote Against Impeaching Trump
By Jack Phillips
A longtime Democratic Congressman whose district overwhelmingly voted in favor of President Donald Trump confirmed he will vote against articles of impeachment.ADVERTISING
Rep. ...
- Trump Warns 31 House Democrats Who Represent Districts He Won
By Zachary Stieber
President Donald Trump on Saturday passed along a warning against impeachment to the dozens of House Democrats who represent districts that he ...
- CNN admits Trump correct, that 2 Democrats misquoted Ukraine call during impeachment markup session
By Danielle Wallace | Fox News
CNN sided with President Trump this week, agreeing in a fact check that two House Democrats, both from Texas, had misquoted the president’s July 25 phone call with Ukrainian ...
- Trump Warns: Democrats ‘Trivializing’ Impeachment for Political Gain
By Jack Phillips
President Donald Trump asserted Friday that House Democrats have trivialized impeachment to gain political points after the House Judiciary Committee voted to ...
- Liberals Are Freaking out About Trump’s Judicial Appointments—They Should Be
By Nicole Russell
While Democrats press for impeachment, amidst the chaos and
controversy, President Donald Trump and Sen. Mitch McConnell (R-Ky.)
have quietly pressed forward and made ...
- Hawaii GOP Cancels Primary, Commits Delegates to Trump
By Zachary Stieber
The Hawaii GOP canceled its 2020 primary, committing its 19 delegates to President Donald Trump.
“Hawaii Republicans across the state are united in ...
- Schiff called ‘hypocrite’ as past comments criticizing Clinton impeachment emerge
By Andrew O’Reilly | Fox News
House Intelligence Committee Chairman Adam Schiff, D-Calif., arguably the most visible face of the impeachment inquiry into President Trump, has brushed off GOP criticism that ...
- Rashida Tlaib deletes tweet blaming ‘white supremacy’ for Jersey City shooting
By Sam Dorman | Fox News
Rep. Rashida Tlaib, D-Mich., received a flurry of attention on Thursday after she tweeted that “white supremacy” was behind the Jersey City shooting that ...
- Trump Reaches Milestone as 50th Federal Appeals Judge Confirmed
By Matthew Vadum
WASHINGTON—President Donald Trump hit an important milestone Dec. 11,
as the U.S. Senate confirmed his 50th judicial nominee to the nation’s
federal courts ...
- Under-siege Dems in Trump districts keep impeachment decision close to the vest
By Marisa Schultz | Fox News
WASHINGTON — An all but inevitable House floor vote to impeach President Trump is poised to come down to ...
![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")
