In the widely anticipated budget proposal to be released by President Trump on Thursday, the White House will call for spending cuts of 28% for the State Department and 31% for the Environmental Protection Agency, the New York Times reported on Wednesday, citing congressional staff who are familiar with the plan. The budget plan for fiscal 2018 will also propose a big reduction in the State Department’s […]
The White House will propose large spending cuts on Thursday for the state department, public broadcasting and environmental programmes as part of its preliminary budget for the 2018 fiscal year. Administration aides call it an “America First” budget — with greater spending on defence, law enforcement and veteran affairs, as well as new education programmes that emphasise school choice. The last are a pet project of Betsy […]
It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the […]
Donald Trump paid an effective tax rate of 25 per cent in 2005 on income of $150m, according to a leaked tax return that sheds a glint of light on the tax affairs the president has kept shrouded in secrecy. MSNBC reported that two pages of Mr Trump’s return — which revealed nothing about his income sources — showed the president paying $38m in tax and reporting […]
The president was expected to urge Saudi Arabia to support safe zones in Syria, which the administration has argued would be an alternative to accepting thousands of refugees from a country that has been ripped apart by six years of civil war. Continue reading the main story Mr. Trump and members of his inner circle regard Saudi Arabia as a vital component of the White House strategy […]
Photo Mahmoud Abbas, right, the president of the Palestinian Authority, met with Jason Greenblatt, President Trump’s envoy to the Middle East, in the West Bank on Tuesday. Credit Mohamad Torokman/Reuters JERUSALEM — President Trump’s new envoy to the Middle East met on Tuesday with Mahmoud Abbas, the president of the Palestinian Authority, striving in the administration’s first diplomatic undertaking here to maintain a public evenhandedness amid the […]
Authored by Thierry Meyssan via VoltaireNet.org, This article is a warning – in November 2016, a vast system of agitation and propaganda was set up in order to destroy the reputation and the authority of President Donald Trump as soon as he arrived in the White House. It is the first time that such a campaign has been scientifically organised against a President of the United States, […]
Nervousness in the US stock market has climbed to the highest level since the aftermath of the presidential election, even as equities have charted a mostly smooth path to further all-time highs in recent weeks. Credit Suisse’s fear barometer rose at the end of last week to 35.6, an increase of almost 10 points from the previous week and the highest reading since November 9, the day […]
In a photo op at the start of their meeting, Mr. Netanyahu greeted Mr. Greenblatt warmly, addressing him as Jason, and said, “I hope we can do some good things together.” Mr. Greenblatt replied, “I think we are going to do great things together.” Once seated, he thanked Mr. Netanyahu for reorganizing his schedule, throwing in a “todah,” Hebrew for thank you. Continue reading the main story […]
In textbook fashion, the Federal Reserve has prepared traders and investors for a 25 basis points increase in policy interest rates this week. When it comes to lasting effects on markets, however, the Fed is likely to deliver more than the third rise in 10 years. It will also signal an important evolution in its policy approach aiming for a beautiful rate normalisation. Facing an implied probability […]
The Trump administration’s sweeping dismissal of dozens of US attorneys held over from the Obama administration leaves the president with sudden gaps in top law enforcement positions across the country. The swift dismissals which began with Friday phone calls from Dana Boente, the acting deputy attorney-general, to 46 US attorneys, now puts pressure on the Trump administration to select candidates who will pass congressional scrutiny to fill […]
Speaker Paul Ryan on Sunday said he agrees with President Trump that 2018 will be a “bloodbath” for Republicans if Congress does not pass legislation repealing and replacing ObamaCare. “I do believe that if we don’t keep our word to the people who sent us here, yeah,” Ryan told CBS News’s “Face the Nation,” when asked if he agreed with Trump’s reported comments about the 2018 midterm […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]
Risky US corporate bond funds suffered the largest weekly redemptions since the US election in November, as oil prices settled at their lowest level since December and benchmark stock indices slipped from record highs. The high-yield corporate bond asset class, which is comprised of speculative-rated groups judged more likely to default than their investment-grade peers, recorded outflows of roughly $2.8bn in the week to March 8, according […]
Photo Tajrish Square in Tehran. The Iranian economy did not get the boost many had hoped for after the nuclear deal. Credit Arash Khamooshi for The New York Times Iran’s top leader criticized the pace of national economic growth on Thursday in what appeared to be a rebuke of the president, who had forecast prosperous times after the 2015 accord that lifted international sanctions in exchange for […]
Via Jim Quinn of The Burning Platform blog, In Part One and Part Two of this article I revealed how the Deep State’s fake data and fake news propaganda machine can be overcome by opening your eyes, observing reality, understanding how Fed created inflation has destroyed our lives, and why the election of Trump was the initial deplorable pushback to Deep State evil. “The notion that a […]
Two days into a frantic battle to repeal and replace Obamacare, Donald Trump’s White House is struggling to win over fellow Republicans in Congress. The strength of resistance to the new healthcare bill within the party points to a broader problem for Mr Trump — almost two months in to his presidency he is struggling to control the legislative agenda. “The White House doesn’t have a plan […]
After chronicling President Obama’s 2008 electoral upset in “Game Change” and his 2012 re-election bid in “Double Down,” the most famous political scribes in America are collaborating on a new book about the 2016 election. The book, which has yet to be titled, will chronicle “Donald Trump’s dramatic and improbable victory over Hillary Clinton in the 2016 U.S. presidential election,” according to a press release from Penguin, […]
The Senate voted Monday to kill an Obama administration rule aimed at curbing labor violations among government contractors. Two years in the making, the Fair Pay and Safe Workplaces rule was targeted by Republican lawmakers 10 days after Donald Trump’s inauguration. The House voted to excise it on Feb. 2, and Trump can seal its fate with his signature. Before the Senate vote – 49-48, along party […]
A new urgency is gripping financial markets. Talk of a Federal Reserve rate increase next week is no longer the main conversation, with interest rate futures now pricing it as a near certainty. How quickly the Fed moves after March is now the hot topic. US jobs growth has been the catalyst. A survey by ADP revealed on Wednesday that 298,000 private sector jobs were created in […]
|By Matein Khalid| Janet Yellen confirmed the Wall Street consensus that the Federal Reserve will raise its overnight borrowing (Fed Funds) rate at the March FOMC. Wage growth, inflation, crude oil, asset prices, economic data momentum and Trump’s fiscal stimulus all reinforce the dual mandate logic of a rate hike. Only a really awful February non-farm payroll shock (consensus is 200,000 jobs) will avert a rate hike […]
“Every day that goes by, my concern for my father and Siamak increases,” Mr. Namazi said this week in a telephone interview from Dubai, where he lives. He expressed particular anxiety about his father, who has a heart ailment, saying that an Iranian prison cell was “no place for an aging old man.” Continue reading the main story Last month, on the anniversary of the elder Mr. […]
New York – Pat Beall said she and her colleagues at The Palm Beach Post had been consistently reporting on Palm Beach County’s growing opioid epidemic, highlighting the lives of a few of the victims and the toll their death took on families and the larger community. But it wasn’t enough. Each story would get a little attention, but within a day or two the latest […]
The Ivanka Trump boycott appears to have backfired. One month after several brand name retailers announced they would no longer carry the 35-year-old’s clothing and accessories, Ivanka Trump’s women’s fashion line has seen record February sales. The collection said they had some of the highest performing weeks since the brand was launched last month. “Since the beginning of February, they were some of the best performing weeks […]
