Trump Administration's Bold Move Threatens USAID, Stirs Debate
The Trump administration, with backing from Elon Musk’s Department of Government Efficiency, is taking steps to dismantle USAID, prompting legal battles and warnings about security risks. Lawmakers, led by Congresswoman Jahana Hayes, argue this move infringes on Congress's authority and underscores USAID's vital role in maintaining global stability and promoting human rights.
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Federal Reserve Expected to Hold Steady on Interest Rates Amid Uncertainty Over Trump's Economic Policies
The Federal Reserve has decided to keep interest rates steady, maintaining the current target range of 4.25% to 4.5% after three rate cuts in 2024. The pause allows time to assess the impact of previous cuts and President-elect Donald Trump's proposed economic policies. Inflation concerns remain, prompting caution. Market participants look for indicators of potential rate adjustments in 2025 as economic influences unfold.
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