The gold price continued to move this week, approaching the US$3,900 per ounce level and setting a fresh all-time high on the back of a US government shutdown. The closure came after Congress failed to reach an agreement on a spending bill ahead of the new American fiscal year, which began on Wednesday (October 1). Democrats and Republicans are at ...
Oil Prices Rebound After Trump’s Criticism of Fed Chair Powell On April 22, 2025, oil prices rebound experienced a modest rebound following a significant drop the previous day. The initial decline was triggered by President Donald Trump’s renewed criticism of Federal Reserve Chair Jerome Powell, which unsettled financial markets and raised concerns about the central bank’s independence. Market Reaction to ...
Senate Democrats appear ready for the long haul as the government shutdown continues and are putting the onus of reopening the government on Republicans. The Senate was out Thursday to observe the Jewish holiday Yom Kippur and is expected to return to action Friday to again vote on the dueling proposals to reopen the government. Though three Democratic caucus members ...
The federal government may have to lay off ‘thousands’ of employees if the government shutdown continues, White House press secretary Karoline Leavitt warned Thursday. Leavitt made the comments during a gaggle with reporters outside the White House, saying administration officials are already gaming out the layoffs. ‘Look, it’s likely going to be in the thousands. It’s a very good question. ...
House Speaker Mike Johnson, R-La., made clear on Thursday that House Republicans will not budge amid the ongoing standoff over government funding, as Democrats continue to insist on healthcare concessions. ‘Don’t ask the Republicans what we should be doing or what we should be negotiating. I don’t have anything to negotiate. I sent them, in good faith, exactly what they ...
A new report warns the U.S. nuclear arsenal is dangerously outdated and too small to confront growing global threats — and recommends nearly tripling the number of deployed American warheads by 2050. The report, first obtained by Fox News Digital, argues that America’s current force of about 1,750 deployed nuclear weapons leaves the nation vulnerable in an era when Moscow, ...
House Speaker Mike Johnson, R-La., is warning that everyday Americans could be at risk in a prolonged government shutdown. The top House Republican sat down for an exclusive interview with Fox News Digital on Wednesday, the first day of the ongoing government shutdown. Asked how long he thought it would continue, Johnson said he was praying for a short ordeal. ...
Office of Management and Budget (OMB) chief Russell Vought and President Donald Trump are in the midst of mapping out cuts to the federal government after lawmakers on Capitol Hill failed to reach a funding bill agreement early Wednesday morning. Trump set the stage in the lead-up to the shutdown that the federal government is set to likely see staffing ...
Former FBI Director James Comey, who was indicted Friday on two federal charges alleging that he issued a false statement to Congress and obstructed justice, previously has called for those who lie under oath to face consequences. For example, Comey once railed against lifestyle icon Martha Stewart, who was convicted of misleading federal investigators, and said her case served as ...
A conservative watchdog says Trump’s much-hyped DOGE cuts are a drop in the bucket compared to America’s ballooning entitlement spending. OpenTheBooks, a conservative fiscal watchdog group, released a report on Thursday showing that mandatory spending for Medicare and Social Security vastly outweigh any cuts to discretionary spending ushered in by the Trump administration. The report was released as lawmakers clash ...