Senior White House adviser Jared Kusher is denying that President Donald Trump’s campaign colluded with Russia, saying in a statement ahead of congressional interviews that he has “nothing to hide.” The 11-page statement provided to The Associated Press by a representative Monday details four contacts with Russians during Trump’s campaign and transition. Kushner plans to […]
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Sean Spicer Resigns As White House Press Secretary
White House press secretary Sean Spicer abruptly resigned Friday after opposing President Donald Trump’s appointment of Anthony Scaramucci as communications director.At a press briefing later Friday, Scaramucci announced principal deputy press secretary Sarah Huckabee Sanders will take over as press secretary. Trump asked Spicer to stay in his role, but Spicer said appointing Scaramucci was […]
Yellen Says Rate Hikes Will Slow As Inflation Stays Low
The Federal Reserve could scale back on its expected pace of interest rate hikes if inflation continues to be soft, Chair Janet Yellen told Congress. Under questioning over why the central bank remains committed to normalizing policy even as price and wage pressures remain muted, Yellen said the Fed is aware of the softness in […]
Dow Gains 130 Points, Reaches All Time High
U.S. equities kicked off the second half of the year on the right foot, closing mostly higher on Monday as bank stocks climbed. The Dow Jones industrial average notched a record high before closing about 130 points higher, with Goldman Sachs contributing the most gains. The S&P 500 rose 0.23 percent, with financials and energy […]
Trump Says Working With China To Deal With North Korea Failed
President Donald Trump tweeted Tuesday that China “tried” to help the United States curb North Korean aggression but it “has not worked out.” Trump tweet: While I greatly appreciate the efforts of President Xi & China to help with North Korea, it has not worked out. At least I know China tried! It is not […]
Sessions Refuses To Answer Questions, Confirms Comey Testimony
Attorney General Jeff Sessions confirmed part of James Comey’s testimony from last week about an abruptly private meeting at the president’s desk between Donald Trump and the former director of the FBI. Sessions testified on Tuesday that he and others filed out of the room and left Comey alone with Trump following a group meeting […]
Trump Lawyer Says That Comey Was Lying Under Oath
President Donald Trump’s outside counsel said Thursday that James Comey is lying. Marc Kasowitz claimed the president never demanded loyalty from Comey as the former FBI director alleged in Senate testimony. In a statement to reporters Thursday afternoon, Kasowitz pushed back on various points of Comey’s dramatic, under oath testimony before the Senate Intelligence Committee. […]
Trump Travel Ban Loses In Appeals Court Again
A federal appeals court has dealt another blow to President Donald Trump’s executive order temporarily restricting travel from six Muslim-majority countries. The Virginia-based 4th Circuit Court of Appeals on Thursday largely upheld a lower court ruling barring the administration from suspending visas from those countries. The Trump administration previously revised the executive order to better […]
Exxon Seeks Waiver To Do Business With Russian Oil
Exxon Mobil, the company once ran by Secretary of State Rex Tillerson, is seeking a waiver from U.S. sanctions on Russia, The Wall Street Journal reported Wednesday. The U.S. oil and gas corporation has applied to the Treasury Department to be exempt in a bid to resume its joint venture with the Russia oil giant […]
US Launches 59 Tomahawk Missiles At Syrian Air Bases
The U.S. military attacked a Syria-government airfield with 59 Tomahawk missiles on Thursday evening. The missiles targeted the Shayrat air base near Homs, and were in response to a Tuesday chemical weapons attack. Officially announcing the strike, President Donald Trump said the targeted airfield had launched the chemical attack on a rebel-held area, and he […]
Trade Deficit Shrinks At Record Rate
The U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a third straight month. The Commerce Department says the deficit fell to $43.6 billion in February, 9.6 per cent below January’s deficit of $48.2 billion. Exports rose a tiny 0.2 per cent to […]
Social Security Needs To Be Fixed Not Left Alone
Despite proposing major spending cuts to most domestic agencies, President Trump’s “skinny budget” spares the Social Security Administration. Thankfully, the president is living up to his campaign pledge to protect the program that serves 61 million Americans. Yet, without any action by Congress to reform the system, benefits will be cut anyway, by at least […]