- 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.) ...
- Sen. Lindsey Graham: Every American should be bothered by what Democrats are doing to Trump
By Morgan Phillips | Fox News
Sen. Lindsey Graham, after introducing a resolution to condemn the House Democrats’ impeachment inquiry on Thursday, called the process ...
- Trump blasts Dems over ‘sham’ impeachment inquiry ‘behind closed doors’: ‘They cannot win’
By Vandana Rambaran | Fox News
President Trump on Friday thanked loyal Republican lawmakers in the House for introducing a resolution that formally condemns the Democrat-led impeachment ...
- President Donald Trump Awarded Bipartisan Justice Award for First Step Act
By Zachary Stieber
Republican President Donald Trump was awarded the Bipartisan Justice Award on Oct. 25 for his work on the First Step Act.
Trump thanked lawmakers from ...
- Trump says ‘investigate the investigators’ as Durham probe touches off new war in Congress
By Brooke Singman | Fox News
President Trump said Friday it’s time to “investigate the investigators,” after it was revealed that U.S. Attorney John Durham’s review of alleged ...
- Trump accuses Obama of treason for ‘spying’ on his 2016 campaign
By Paul Bedard | Washington Examiner
President Trump has ratcheted up his claim that the Obama White House spied on his 2016 campaign, charging in a new ...
- McConnell to Back Resolution Condemning House Impeachment: ‘Obviously I Support It’
BY JACK PHILLIPS
Sen. Mitch McConnell (R-Ky.) confirmed to reporters that he will back a resolution condemning the House impeachment inquiry into President Donald Trump.
“Obviously I support ...
- U.S. Sues California Over ‘Illegal’ Cap-and-Trade Pact With Quebec
By Matthew Vadum
The Trump administration is suing California
over what it calls an “illegal” cap-and-trade agreement with the
Canadian province of Quebec, alleging the Golden ...
- GOP reveals new Strzok texts concerning ‘crescendo of leaks,’ demands watchdog investigate
By Gregg Re, Brooke Singman | Fox News
Top Republicans on Wednesday demanded that Intelligence Community Inspector General (ICIG) Michael Atkinson explain why the watchdog hasn’t said if ...
- Could Pelosi abandon impeachment effort? Legal analyst predicts she may
By Matt London | Fox News
Democrats “may end up walking away” from their effort to impeach President Donald Trump, predicted Doug Burns, who is a former federal prosecutor ...
- Jason Chaffetz on Republicans pressing for whistleblower testimony: ‘There’s nothing in the rules that says you have to be anonymous’
By Joshua Nelson | Fox News
Jason Chaffetz told “Outnumbered Overtime” that Republicans are “right” to push for public testimony from the whistleblower while Democrats conduct an impeachment inquiry of President Trump.
“If ...
![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")
