Dec 04 Fed's independence from politics is vital to interest rate decisions, Powell says By Christopher Rugaber, Associated Press Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific outcome. Continue reading
Dec 04 Cryptocurrency advocate Paul Atkins is Trump's nominee to chair the Securities and Exchange Commission By Alex Veiga, Associated Press President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission. Continue reading
Dec 04 Trump picks Jared Isaacman, billionaire who performed first private spacewalk, to lead NASA By Marcia Dunn, Associated Press President-elect Donald Trump has tapped a tech billionaire who performed the first private spacewalk to lead NASA. Continue reading
Dec 04 Trump's pick to run DEA withdraws from consideration. Trump takes credit for pulling plug By Michelle L. Price, Associated Press Sheriff Chad Chronister of Hillsborough County, Florida, made the announcement in a post on X Tuesday evening. He called the nomination "the honor of a lifetime" but said he had concluded he must "back away from the opportunity."… Continue reading
Dec 04 Trump picks Peter Navarro, who was imprisoned for defying Jan. 6 subpoena, as White House adviser By Chris Megerian, Associated Press Navarro will serve as a senior counselor for trade and manufacturing, Trump announced on Truth Social, his social media website. Continue reading
Dec 04 Trump considers DeSantis for Pentagon chief with Hegseth facing new allegations, AP reports By Thomas Beaumont, Adriana Gomez Licon, Zeke Miller, Associated Press The Trump transition team is growing concerned about Hegseth's path to Senate confirmation and is actively looking at potential replacements, according to a person familiar with the matter. Continue reading
Dec 03 Watch 9:28 Bank of America CEO on interest rates, tariffs and Trump's second term By Geoff Bennett The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not… Continue watching
Dec 03 Watch 7:33 Why so many Americans are dissatisfied with the seemingly solid economy By Paul Solman, Diane Lincoln Estes There is a disconnect between seemingly solid economic numbers and the way people feel about this economy. Voters clearly were upset about the cost of living and that helped elect Donald Trump to a second term. Economics correspondent Paul Solman… Continue watching
Dec 03 Watch 6:19 What Trump's return to power will mean for Jan. 6 rioters By Amna Nawaz, Ali Schmitz A federal judge formally dismissed the case against Hunter Biden following his father's sweeping pardon. Some legal analysts have expressed concerns that President Biden's pardon of his son gives President-elect Trump a road map to protect his political allies. Trump… Continue watching
Dec 03 Trump transition team signs agreement to allow official background checks on nominees, staff By Zeke Miller, Associated Press The step lets Trump transition aides and future administration staffers obtain security clearances before Inauguration Day to access classified information about ongoing government programs. Continue reading