- Dems introduce resolution formalizing impeachment inquiry procedures
By Gregg Re | Fox News
House Democrats on Tuesday introduced a resolution to formalize their impeachment inquiry and adopt rules to govern the proceedings, following sustained complaints by congressional Republicans ...
- Piers Morgan blasts Trump critics after al-Baghdadi raid: They ‘shamed themselves and shamed their country’
By Charles Creitz | Fox News
Many of President Trump’s critics shamed both themselves and the United States when they refused to acknowledge a White House victory after ISIS leader ...
- Hannity: Reports on alleged FISA abuse and origins of Russia probe will ‘shock the conscience and soul of the nation’
By Yael Halon | Fox News
Fox News primetime host Sean Hannity said the release of investigations into the FBI and Justice Department probes of President Trump and his ...
- Ex-Bolton deputy skipping deposition suggests ‘maybe’ impeachment push is viewed as ‘illegitimate,’ Rep Andy Biggs says
By Joshua Nelson | Fox News
After a former deputy to onetime National Security Adviser John Bolton took legal action against Democrats for their ...
- History will judge Democrats harshly for impeachment of Trump, Ken Starr says
By Nick Givas | Fox News
History will judge congressional Democrats harshly for their handling of President Trump’s impeachment inquiry due to their lack of ...
- Katie Hill paid $5G bonus to alleged male lover, used ‘influence’ to get jobs for husband: reports
By Dom Calicchio | Fox News
U.S. Rep. Katie Hill, the California Democrat embroiled in a legal battle over the publication of nude photos, and facing a House ethics probe over an ...
- FBI agents probing Michael Flynn acted with ‘nefarious’ intent in manipulating records, says Jason Chaffetz
By Julia Musto | Fox News
FBI agents handling former national security adviser Michael Flynn’s 2017 interview had seemingly “nefarious” intent in editing official records, Fox News contributor Jason Chaffetz said Saturday.
Chaffetz, a Republican ...
- Trump Says He Was ‘Not Involved’ in DOJ’s Criminal Investigation Into Origins of Russia Probe
By Janita Kan
President Donald Trump said he was not involved in the Justice Department’s decision to expand their review of the surveillance of the Trump campaign ...
- Rep. Jim Banks: Adam Schiff lies about Trump repeatedly – Shouldn’t be leading impeachment inquiry
By Rep. Jim Banks | Fox News
By striking down the Republican resolution to censure House Intelligence Committee Chairman Adam Schiff, D-Calif. – who is leading the impeachment inquiry ...
- ‘This Ruling Is Dangerous for Every American:’ Doug Collins Rips Judge Over Impeachment Decision
BY ZACHARY STIEBER
Rep. Doug Collins (R-Ga.) said he didn’t agree with the decision by a federal judge to order the release of grand jury material ...
- Trump, Republicans Express Concern as Whistleblower Slips Into the Sidelines
BY JANITA KAN
The anonymous whistleblower who is at the center of impeachment inquiry is quietly slipping into the sidelines as Democrats say the individual’s testimony is no ...
- Graham Says Senate Resolution Condemning Impeachment Inquiry Has 50 Co-sponsors
By Jack Phillips
Fifty U.S. senators have signed onto a resolution condemning the House impeachment inquiry into President Donald Trump, said Sen. Lindsey Graham (R-S.C.) ...
![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 | USNN World News")
