- Appeals Court Grants Expedited Review of Trump Campaign’s Pennsylvania Lawsuit
By Jack Phillips
President Donald Trump’s campaign on Monday secured a legal win after the U.S. Third Circuit Court of Appeals granted an expedited review of their ...
- Trump Still Has Several Constitutional Paths to Victory, Dershowitz Says
By Jack Phillips
Alan Dershowitz, a Harvard Law professor emeritus, said he thinks President Donald Trump has several legal paths to a 2020 election victory.
Dershowitz said there ...
- Michigan Canvass Board Republican: ‘Need Evidence’ to Delay Certification of Votes
By Jack Phillips
A Republican on the Michigan Board of Canvassers said he would vote to delay the certification of the state’s Electoral College votes if more ...
- Trump Campaign Appeals Dismissal of Pennsylvania Lawsuit
By Ivan Pentchoukov
President Donald Trump’s campaign on Nov. 22 appealed the dismissal of its election lawsuit in Pennsylvania, according to a notice filed in federal court, bringing the campaign one ...
- Gen. Flynn: Sidney Powell ‘Staying the Course,’ Will Prove Alleged Election Fraud
By Jack Phillips
General Michael Flynn, a former Trump administration official, said lawyer Sidney Powell is “staying the course” and will prove election fraud after the president’s legal ...
- Sen. Cramer: Trump Campaign Legal Efforts ‘Appropriate,’ Can’t Ignore Signed Affidavits
By Zachary Stieber
The election-related litigation launched by President Donald Trump’s campaign is not an attack on democracy but appropriately following processes outlined in the Constitution, ...
- Sidney Powell Confirms Non-Affiliation With Trump Legal Team, Vows to Continue Fraud Fight
By Tom Ozimek
Attorney Sidney Powell, who made headlines with claims that the 2020 election was rigged in favor of Democrat Joe Biden because of software ...
- Governor and Secretary of State in Georgia Took Money From China (To Steal Election from Trump)
By Hal Turner Radio Show
Georgia’s Republican Governor Brian Kemp and the Georgia Secretary of State Brad Raffensperger both allegedly took money from Communist China, ...
- GOP Likely to Gain Third US House Seat in California
By John Gizzi, Newsmax
Although the returns are not yet finalized in California’s 21st District, (Fresno, Kern counties) signs are strong that former Republican Rep. Dave ...
- In Wisconsin recount, Trump challenges pile up, slow tally
By Michael Tarm, Associated Press
MILWAUKEE (AP) — Wisconsin recount observer Ardis Cerny stretched her neck as far as she could toward a Plexiglas divider ...
- Pence Paints Georgia Senators as ‘Last Line of Defense’ for Republicans
By Zachary Stieber
Vice President Mike Pence on Friday urged Georgians to vote Republican in upcoming U.S. Senate runoffs that will determine which party controls the upper ...
- Law Firm Withdraws From Representing Boockvar in Trump Campaign’s Pennsylvania Lawsuit
By Tom Ozimek
Law firm Kirkland & Ellis has requested withdrawal from representing Pennsylvania Secretary of State Kathy Boockvar in a lawsuit brought forward by the Trump ...
![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 8")
