With his Thanksgiving vacation, President Donald Trump’s golf hobby has now cost Americans an estimated $115 million in travel and security expenses ― the equivalent of 287 years of the presidential salary he frequently boasts about not taking.
The U.S. Secret Service paid more than $250,000 to President Trump’s private businesses in just the first five months of his presidency - paying Trump’s company an average of nearly $2,000 per day, according to Secret Service records.
The Trump administration is preparing to significantly limit the scientific and medical research that the government can use to determine public health regulations, overriding protests from scientists and physicians who say the new rule would undermine the scientific underpinnings of government policymaking.
The yield curve, an indicator from the bond market just a few months ago set off alarms about the risk of a recession. Now it has gone back to normal, and that signal has been met with relief in the markets. But as far as the economy is concerned, it might not matter. Once the yield curve has predicted a recession, one usually follows even if that signal changes later.
The Trump administration is expected to roll back an Obama-era regulation meant to limit the leaching of heavy metals like arsenic, lead and mercury into water supplies from the ash of coal-fired power plants, according to two people familiar with the plans.
The Federal Reserve is hoping that its latest interest-rate cut will help keep the economy safely at cruising altitude. But don’t expect it to provide much of a lift to the housing market. Few economists expect the housing market to take off in response to this week’s rate cut, because rates aren’t what was holding back housing in the first place. Instead, they point to other factors.
Dogged by uneasiness over trade frictions and weak global growth, the American economy’s growth inched lower over the summer. Gross domestic product — the broadest measure of goods and services produced in the economy — grew at a 1.9 percent annual rate for the third quarter, according to preliminary data released by the Commerce Department on Wednesday.
Not only have the U.S. and foreign governments spent money at properties owned by Donald Trump, but the president’s own political campaign and affiliated political committees have also spent about $16.8 million at his businesses since he launched his 2016 bid for the presidency, according to an analysis of federal election spending records.
The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth. The deficit grew $205 billion, or 26 percent, in the past year.
In the last 10 minutes of trading on Friday, August 23, as the markets were roiling in the face of more bad trade news, someone bought 386,000 September e-minis. Three days later, Trump lied about getting a call from China to restart the trade talks, and the S&P 500 index shot up nearly 80 points. The potential profit on the trade was more than $1.5 billion.
U.S. consumers unexpectedly pulled back on retail spending for the first time in seven months, reviving fears that a weakening economy could finally be taking its toll on American shoppers just before the pivotal holiday season.
U.S. manufacturing fell deeper into a contraction last month, erasing hope of a quick turnaround for the industry and handing a blow to President Trump’s promises that he would revive blue-collar jobs and companies.
The Kremlin said on Monday that Washington would need Russian consent to publish transcripts of phone calls between U.S. President Donald Trump and his Russian counterpart Vladimir Putin. The Democratic-led House last week launched an impeachment inquiry into Trump in the aftermath of a whistleblower complaint alleging that Trump had solicited interference by Ukraine in the 2020 U.S. election for his own political benefit.
The trade war has cost farmers potential Chinese orders for the corn-based fuel as well as for a byproduct that is used as animal feed. Now, the refinery exemptions are compounding the financial pain — and threatening political consequences for the president, who won this state and its six electoral votes in 2016.
President Trump on Monday questioned whether the chairman of the House Intelligence Committee, Representative Adam B. Schiff, should be arrested for treason for his description of a phone call Mr. Trump had with the president of Ukraine during a recent congressional hearing.
President Trump told a crowd of staff from the United States Mission to the United Nations on Thursday morning that he wants to know who provided information to a whistle-blower about his phone call with the president of Ukraine, saying that whoever did so was “close to a spy” and that “in the old days,” spies were dealt with differently.
Donald Trump’s promise to a foreign leader so troubled an official in the US intelligence community that it prompted the person to file a whistleblower complaint, according to multiple media reports. Speculation in Washington was at fever pitch on Thursday over which leader Trump was speaking to and what promise he made. The substance of the complaint remained a mystery.
President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administration’s policies. During Trump’s presidency, the S&P 500 has gained 25% from inauguration day through August 15. How does that stack up to stock performance at the same point in other modern presidencies? (647 trading days, to be exact).
In ominous signs of the damage being done by the trade war between China and the United States, data released on Wednesday indicated that the German economy was hurtling toward recession and that growth at Chinese factories was slowing at a pace not seen in nearly two decades.
Stock markets tanked Wednesday after the bond market sounded a loud warning that the U.S. economy might be headed toward a recession. Investors are spooked by a scenario known as the “inverted yield curve,” which occurs when the interest rates on short-term bonds are higher than the interest rates paid by long-term bonds. What it means is that people are so worried about the near-term future that they are piling into safer long-term investments.
On Saturday morning, a gunman at a Walmart in El Paso, Texas, shot and killed at least 20 people before surrendering to the police. By all accounts, Patrick Crusius, the 21-year-old alleged shooter, is a fan of President Donald Trump and his policies. According to the Southern Poverty Law Center, “a Twitter account bearing the suspect’s name contains liked tweets that include a ‘BuildTheWall’ hashtag” and “a photo using guns to spell out ‘Trump.’”
Education, both in its symbolic and institutional forms, has a central role to play in fighting the resurgence of fascist cultures, mythic historical narratives and the emerging ideologies of white supremacy and white nationalism. Moreover, as fascists across the globe are disseminating toxic racist and ultranationalist images of the past, it is essential to reclaim education as a form of historical consciousness and moral witnessing.
President Trump said Monday that he is not concerned by criticism that his tweets suggesting four minority congresswomen return to their home countries were racist, asserting that they hate the United States and are free to leave. His comments at a White House event came as Democratic leaders in the House prepared a resolution condemning tweets over the weekend in which Trump said the liberal lawmakers critical of him should “go back and help fix the totally broken and crime infested places from which they came.”
Donald Trump abandoned the Iran nuclear deal to spite Barack Obama, according to a leaked memo written by the UK's former ambassador to the US.Sir Kim Darroch described the move as an act of "diplomatic vandalism", according to the Mail on Sunday.It says the memo was written after the then Foreign Secretary Boris Johnson appealed to the US in 2018 to stick with the nuclear deal.
Trump’s economy is not the best ever. In fact Obama added almost one million more jobs than Trump over the same timeframe. Trump entered office on January 20, 2017, and starting with February 2017 he has been President for 29 months. Total job growth during that time has been 5.613 million or 194,000 per month with those results being helped by the tax cut. Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.
Thanks to Donald “I’m the King of Debt” Trump, our federal government’s debt is rising much faster than under President Barack Obama despite Trump’s frequent assertions that the economy is much better now that he is in the White House.
The Trump administration has not yet given Puerto Rico $600 million in food stamp aid more than two weeks after the president signed the emergency funding into law, according to federal and territory officials
When Donald Trump finished the first official rally of his re-election campaign this week, he got on Air Force One. But he didn't go home to Washington. Instead, he flew 190 miles in the opposite direction – to visit his own Doral golf resort, outside Miami. It would be his 126th visit to one of his properties since taking office. And this visit – like more than a dozen before it – would bring paying customers, allowing Mr Trump to play a double role.
President Trump said in a tweet Monday night that U.S. immigration agents are planning to make mass arrests starting “next week,” an apparent reference to a plan in preparation for months that aims to round up thousands of migrant parents and children in a blitz operation across major U.S. cities.
How did Donald Trump, a self-serving promoter who lost billions of dollars for his investors, convince the world that he is a financial genius? It wasn’t just by fabricating tales of his success. It was also by bullying and silencing people who could have stopped those deceits — particularly reporters and Wall Street analysts — forcing all but a very few into a conspiracy of silence.
Two dozen immigrants have died in the custody of Immigration and Customs Enforcement since President Donald Trump’s inauguration, according to a new NBC News analysis of federal data. That figure doesn’t include the deaths of at least four immigrants who died shortly after being released from ICE custody.
A real estate company part-owned by Jared Kushner has received $90m in foreign funding from an opaque offshore vehicle since he entered the White House as a senior adviser to his father-in-law Donald Trump.
The world’s largest automakers warned President Trump on Thursday that one of his most sweeping deregulatory efforts — his plan to weaken tailpipe pollution standards — threatens to cut their profits and produce “untenable” instability in a crucial manufacturing sector.
The latest report was a disappointing showing that will stoke fears the economy is softening as the Trump administration’s trade war with China and potentially Mexico escalates. The Federal Reserve has signaled that it would consider a rate cut in the event of economic weakness, and May’s data is likely to be an important factor in their decisions.
As parties go, it’s hard to top a state dinner with the queen of England, but President Trump’s sons — Donald Jr. and Eric — tried to keep the revelry going during an impromptu pub crawl in Doonbeg, Ireland, where they bought rounds of Guinness for the locals and reveled in the adoration of a village where the Trump family owns property.
Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher health-care costs pushing the average net worth below $8,000, a new study shows. The net worth of Americans aged 18 to 35 has dropped 34 percent since 1996, according to research released Thursday by Deloitte, the accounting and professional services giant.
Jared Kushner, Donald Trump’s Middle East adviser and son-in-law, has expressed uncertainty over the ability of the Palestinians to govern themselves in a rare television interview broadcast on Sunday night.
The former White House adviser Steve Bannon has described the Trump Organization as a criminal entity and predicted that investigations into the president’s finances will lead to his political downfall, when he is revealed to be “not the billionaire he said he was, just another scumbag”.
In many cases, CSP awarded grants to schools that never even opened, or closed soon after opening. In 2015, Innovative Schools Development Corporation pulled in a three-year federal grant for $609,000 to open a STEM school.
Transportation Secretary Elaine Chao has held onto her shares of Vulcan Materials, a construction company she promised to divest from more than a year ago, The Wall Street Journal reported Tuesday.
Kushner Cos., the real estate firm owned by the family of President Donald Trump’s son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia -- the company’s biggest purchase in a decade.
The staggering rate of store closures that has rocked the retail industry over the past couple of years is expected to continue in 2019, with roughly the same level of closures expected this year. Retailers closed a record 102 million square feet of store space in 2017, then smashed that record in 2018 by closing another 155 million square feet, according to estimates by the commercial real-estate firm CoStar Group.
President Donald Trump complains that large corporations, such as Amazon.com Inc., are shirking their tax responsibilities. Yet for at least a decade, Trump paid none or very little in federal income taxes by exploiting some of the same generous tax breaks that the online retail giant and others have used to reduce IRS bills.
Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.
President Trump asserted executive privilege on Wednesday in an effort to shield hidden portions of Robert S. Mueller III’s unredacted report and the evidence he collected from Congress. The assertion, Mr. Trump’s first use of the secrecy powers as president, came as the House Judiciary Committee is expected to vote Wednesday morning to recommend the House of Representatives hold Attorney General William P. Barr in contempt of Congress for defying a subpoena for the same material.
The U.S. State Department allowed at least seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, a potential violation of the U.S. Constitution's emoluments clause.
Donald Trump keeps boasting about what a great economy he should get credited for creating. But his administration’s own reports don’t support his claims, which also don’t come close to what he promised voters. His results so far have been, well, just average.
Big companies drove Donald Trump’s tax cut law but refused to commit to any specific wage hikes for workers, despite repeated White House promises it would help employees, an investigation shows. The 2017 Tax and Jobs Act – the Trump administration’s one major piece of enacted legislation – did deliver the biggest corporate tax cut in US history, but ultimately workers benefited almost not at all.
The Trump administration escalated its defiance of Congress on Wednesday, as the Justice Department refused to let an official testify on Capitol Hill and President Trump vowed to fight what he called a “ridiculous” subpoena ordering a former top aide to appear before lawmakers.
Robert S. Mueller III revealed a frantic, monthslong effort by President Trump to thwart the investigation into Russia’s 2016 election interference, cataloging in a report released on Thursday the attempts by Mr. Trump to escape an inquiry that imperiled his presidency from the start.
The Department of Justice has adopted a narrow interpretation of a law meant to bar foreign interests from corrupting federal officials, giving Saudi Arabia, China and other countries leeway to curry favor with Donald Trump via deals with his hotels, condos, trademarks and golf courses, legal and national security experts say.
The U.S. saw its highest level of layoffs in a first quarter since 2009, data from staffing firm Challenger, Gray & Christmas released Thursday showed.By the numbers: Employers cut 190,410 jobs in the first 3 months of the year — 10.3% higher than the number of layoffs announced in the fourth quarter of 2018 and 35.6% higher than job cuts announced in the same quarter of 2018.
A White House whistleblower told lawmakers that more than two dozen denials for security clearances have been overturned during the Trump administration, calling Congress her “last hope” for addressing what she considers improper conduct that has left the nation’s secrets exposed.
Vicky Ward an investigative journalist and author of the new book Kushner Inc. has been investigating ties that Kushner has had with the Saudis, Emiratis and Qataris, and has come across new information that appears to imply that the president’s son-in-law may be extorting the nation of Qatar.
Trump declared in the state of the union that, "It is unacceptable that Americans pay vastly more than people in other countries for the exact same drugs, often made in the exact same place". Yet the President's new version of NAFTA forbids US congress for curtailing Big Pharma's patent monopolies on some of the worlds most expensive drugs.
The left never had a dog in this race. This was always an in-house squabble between different wings of the establishment. Late-stage capitalism is in terminal crisis, and the biggest problem facing our corporate elites is how to emerge from this crisis with their power intact. One wing wants to make sure the pig’s face remains painted, the other is happy simply getting its snout deeper into the trough while the food lasts.
With over a million U.S. citizens in Puerto Rico facing devastating food stamp cuts as Congress fails to provide necessary hurricane relief funding, President Donald Trump reportedly complained to Republican senators on Tuesday that the island is receiving "too much" aid—a position that was decried as both false and cruel.
Back in 1992, the last time Bill Barr was U.S. attorney general, iconic New York Times writer William Safire referred to him as “Coverup-General Barr” because of his role in burying evidence of then-President George H.W. Bush’s involvement in “Iraqgate” and “Iron-Contra.” General Barr has struck again—this time, in similar fashion, burying Mueller’s report and cherry-picking fragments of sentences from it to justify Trump’s behavior.
President Trump and his Republican allies went on the offensive on Monday, vowing to pursue and even punish those responsible for the Russia investigation now that the special counsel has wrapped up without implicating him or his campaign in a criminal conspiracy to influence the 2016 election.
Two guests of Cindy Yang didn’t pay for their own photos, priced at $50,000 each, with President Trump at a December 2017 RNC event. Selling tickets to campaign fundraisers without disclosing the buyer to the Federal Election Commission is illegal.
Acting Defense Secretary Patrick Shanahan is under investigation by the Pentagon's Office of Inspector General because of allegations he improperly advocated on behalf of his former employer, Boeing Co.
T-Mobile spent $195,000 at Trump’s hotel while lobbying his administration to approve a massive merger. One day after the merger announcement, nine T-Mobile executives checked in to Trump’s D.C. hotel, The Washington Post reported in January.
A startup founded by a young and outspoken supporter of President Donald Trump is among the latest tech companies to quietly win a contract with the Pentagon as part of Project Maven, the secretive initiative to rapidly leverage artificial intelligence technology from the private sector for military purposes.
Trump’s lawsuit in county court argues that the luxurious private club, which he bought in foreclosure for about $8m in the mid-1990s before spending what he claimed at the club’s opening event was another $45m in improvements, has been unfairly assessed and is in fact worth only $1.4m.
President Trump ordered his chief of staff to grant his son-in-law and senior adviser, Jared Kushner, a top-secret security clearance last year, overruling concerns flagged by intelligence officials and the White House’s top lawyer, four people briefed on the matter said.
As federal prosecutors in Manhattan gathered evidence late last year about President Trump’s role in silencing women with hush payments during the 2016 campaign, Mr. Trump called Matthew G. Whitaker, his newly installed attorney general, with a question. He asked whether Geoffrey S. Berman, the United States attorney for the Southern District of New York and a Trump ally, could be put in charge of the widening investigation, according to several American officials with direct knowledge of the call.
Overnight, Trump’s small circle of friends and loyalists became extremely valuable. They could speak Trump’s language, explain him, influence him. Or at least that’s what they told the blue-chip corporations and foreign governments scrambling to find someone to help them navigate the new administration. “There’s, like, five people who bet on the long shot and won,” a seasoned GOP operative told me.
Lower taxes helped goose profits and stocks, but did little for jobs or the economy. Yet right before Congress passed the Tax Cuts and Jobs Act in December 2017, President Trump proclaimed: “It’ll be fantastic for the middle-income people and for jobs."
Employers added 304,000 new jobs to the US economy in January — once again surpassing economic forecasts, according to the latest jobs report from the Bureau of Labor Statistics. However, the latest jobs report once again shows little wage growth, which remains the biggest weakness in the American economy. The average US worker hasn’t seen their paycheck get much bigger since the Great Recession, which ended around 2009.
Bad News: The Trump administration has quietly redefined “domestic violence” and “sexual assault,” resulting in significant and potentially devastating consequences for survivors. Academic observers note the changes have set back the cause of women’s rights by 50 years.
Michael D. Cohen, the former personal lawyer and fixer for President Trump, has indefinitely postponed his congressional testimony, his lawyer said in a statement on Wednesday, citing Mr. Trump’s verbal attacks on Mr. Cohen’s family in the days since he scheduled his appearance on Capitol Hill.
The tit-for-tat between President Trump and Speaker Nancy Pelosi over the State of the Union address escalated sharply on Wednesday, with Mr. Trump telling Ms. Pelosi he would deliver the speech in the Capitol on Tuesday as originally scheduled, and Ms. Pelosi firing back that he was not welcome unless the government was fully open.
China has granted Ivanka Trump’s company preliminary approval for another five trademarks this month, as her father’s administration pushes ahead on trade negotiations with China, Time Magazine reported Monday.
A few weeks after President Donald Trump moved into the White House, he received a memo from one of his biggest campaign donors: Robert Murray, the CEO of Murray Energy, America’s largest private coal company. Emblazoned with the words “Action Plan,” it was essentially a wish list of all the environmental regulations Murray wanted Trump to get rid of.
In the days after President Trump fired James B. Comey as F.B.I. director, law enforcement officials became so concerned by the president’s behavior that they began investigating whether he had been working on behalf of Russia against American interests, according to former law enforcement officials and others familiar with the investigation.
The United States and Israel have officially quit the United Nations Educational, Scientific and Cultural Organization (UNESCO) at the stroke of midnight on New Year's Day, the culmination of a process triggered more than a year ago. The withdrawal is mainly procedural yet serves a new blow to UNESCO, co-founded by the US after World War II to foster peace.
President Donald Trump issued an executive order Friday that cancels a planned pay increase for federal workers in 2019. Trump previously called the raise, a 2.1% increase set to take effect in January, "inappropriate" and an unrealistic burden on the federal budget. The order also cancels a yearly paycheck adjustment calculated in order with the region of the country where workers are posted.
President Trump has asked internal and external advisers about whether he can fire Federal Reserve Chairman Jerome H. Powell, two people familiar with the exchanges said, in a sign of his mounting frustration with the central bank chief.
The Trump administration unveiled a plan Thursday to force hundreds of thousands more Americans to hold jobs if they want to keep receiving food stamps, pursuing through executive powers what it could not achieve in Congress.
The Donald J. Trump Foundation will close and give away all its remaining funds under judicial supervision amid a lawsuit accusing the charity and the Trump family of using it illegally for self-dealing and political gain, the New York attorney general’s office announced Tuesday.
President Trump’s Justice Department is scrambling to stop two state attorneys general from procuring evidence about whether the President is violating the Constitution’s emoluments clause by filing an emergency appeal in the Fourth Circuit court.
Trump’s inaugural committee is under criminal investigation by federal prosecutors from the Southern District of New York over whether donors handed over cash in exchange for access to government officials and into whether funds were misallocated, the Wall Street Journal reported.
The Trump administration has shut down at least one government-run study that uses fetal tissue implanted into mice even before federal health officials reach a decision on whether to continue such research, which is opposed by antiabortion groups.
On the day Donald Trump became president of the United States, while inauguration festivities were still in full swing, he officially launched his 2020 reelection campaign. Donations poured in from more than 50,000 people across the country. But according to the latest federal filings, Trump still has not donated a penny of his own, while his businesses continued to charge the campaign for hotels, food, rent and legal consulting. That means the richest president in American history has turned $1.1 million from donors across the country into revenue for himself.