President-elect Donald Trump announced Tuesday that Fox & Friends Weekend co-host Pete Hegseth is his pick to run the Department of Defense. As a result of this nomination, Hegseth will depart his Fox News role immediately. "Pete Hegseth has been an exceptional host on Fox & Friends and Fox Nation and a best-selling author for...

Republicans win 218 US House seats, giving Donald Trump and the party control of government

President-elect Donald Trump met with House Republicans on Capitol Hill Wednesday morning to start a busy day in D.C.

The post Donald Trump Meets with House Republicans on Capitol Hill as President-Elect: ‘Isn’t It Nice to Win?’ appeared first on Breitbart.

President Joe Biden welcomed President-elect Donald Trump back to the White House on Wednesday and congratulated him on his landslide victory. 

The post Joe Biden Welcomes Donald Trump Back to White House, Congratulates Him on Victory appeared first on Breitbart.

President-elect Donald Trump announced members of his White House senior staff on Wednesday.

The post Donald Trump Makes White House Senior Staff Announcements: ‘Best in Class’ appeared first on Breitbart.

Donald Trump's deputies say they will dramatically expand the detention space needed for the bureaucratic process of flying illegal migrants back to their foreign homes, according to NBC News.

The post Donald Trump’s Deputies Want More Detention to Block, Repatriate Migrants appeared first on Breitbart.

The cast of characters surrounding Donald Trump has changed frequently over the years. One person who has remained at the president-elect's side throughout: Stephen Miller, best known for his fierce anti-immigration views. Miller — one of Trump's "longest-serving and most trusted advisers" — is…

A weak currency typically raises the cost of imports. That can lead to prices of food, energy and raw materials rising, aggravating inflation.

President-elect Donald Trump has appointed successful businessmen Elon Musk and Vivek Ramaswamy to help ferret out and identify budget items to cut to save the U.S. treasury money. Trump has created a new initiative that is being called the Department of Government Efficiency (DOGE) according to reports on Tuesday. “I am pleased to announce that […]

The post SLASHERS: Donald Trump Appoints Elon Musk, Vivek Ramaswamy to lead Department of Government Efficiency appeared first on The Lid.

As Donald Trump prepares his return to the White House, one of his most omnipresent confidants has been not his running mate or wife but a fellow brash billionaire, Elon Musk.

Donald Trump, who has recently been elected for a second term as President of the United States, has told House Republicans that he might consider a constitution-breaking third term in office.

Donald Trump announced firebrand lawmaker Matt Gaetz as his pick for attorney general Wednesday, naming a fierce defender who would be well-placed to make good on the president-elect's threats of revenge against political foes.

Donald Trump on Wednesday named former Democrat Tulsi Gabbard, who has opposed US support for Ukraine and met Syria's president Bashar al-Assad, as his incoming Director of National Intelligence.

Members of President-elect Donald Trump's transition team are drawing up a list of military officers to be fired, potentially to include the Joint Chiefs of Staff, two sources said, in what would be an unprecedented shakeup at the Pentagon.

Donald Trump on Wednesday nominated Florida senator and outspoken China hawk Marco Rubio for secretary of state.

Pete Hegseth, 44, is a TV host, media panellist and military veteran best known for his eight-year tenure with Fox News.

Madaxweynaha la doortay ee Mareykanka Donald Trump iyo Madaxweyne Joe Biden ayaa is gacan qaaday iyaga…

The post Joe Biden oo aqalka cad ku soo dhaweeyey Donald Trump appeared first on Horseed Media.

Trump Signals potential action on Prince Harry's visaDonald Trump's re-election bid has sparked new attention on Prince Harry's US visa status, with some speculating that the incoming President may take action if the Duke of Sussex is found to have lied on his visa application. Speaking ahead...

“Republicans in the House and Senate have a mandate,” Johnson said earlier this week. “The American people want us to implement and deliver that ‘America First’ agenda.”

Ian Bremmer explains why a second America First presidency could play out much differently than the first.

The panic set in just before midnight last Tuesday. "She's in trouble," one U.S. intelligence officer fretted as Kamala Harris's blue wall looked ready to crumble, all but ensuring that Donald Trump would head back to the White House. "This is a disaster," said another, who is retired but served during the first Trump administration and bears the scars.

Every day in the mainstream media, Trump was dumped on as hysterical and Harris praised as positive and sane while pushing for national unity.

Smith: Media and telecoms to benefit from a weaker dollar

1. Donald Trump picks firebrand congressman Matt Gaetz for attorney general  The Times of India
2. Matt Gaetz: Trump's choice for attorney general shocks Washington  BBC.com
3. Why Matt Gaetz's momination as attorney general in Trump’s cabinet has left many Republicans 'shocked'  The Times of India
4. Trump names firebrand lawmaker Matt Gaetz U.S. Attorney General  The Hindu
5. Video | US Election: Trump Taps Gaetz For Attorney General, Gabbard For Intel Chief  NDTV

Musk and Ramaswamy have to find ways to cut down on government spending and overall bureaucracy.

Born in the US to Indian immigrant parents, Ramaswamy gained wealth through his biotech company

In a brief meeting, the two leaders assured the nation of a peaceful transition of power on January 20, 2025.

Gabbard, who has served in the Army National Guard for more than two decades, deploying to Iraq and Kuwait, would come to the role as somewhat of an outsider, compared to her predecessor.

President-elect Donald Trump said he plans to nominate former Rep. Tulsi Gabbard as the director of national intelligence, the Cabinet member in charge of gathering and sharing sensitive foreign information and secrets.

President-elect Donald Trump made his victorious return to Washington on Wednesday, meeting with jubilant House Republicans and then conferring with President Biden in the Oval Office, where they mutually pledged a smooth transfer of power after a bitter election in which they repeatedly disparaged each other.

1. Who is Pete Hegseth, Donald Trump’s pick as secretary of defence?  Sydney Morning Herald
2. Pete Hegseth’s Path from Campus Provocateur to “Fox & Friends” to the Pentagon  The New Yorker
3. 'Frightening': Van Jones reacts to Hegseth's military ideology  CNN

1. Donald Trump and Joe Biden meet at White House to discuss transition of presidential power  ABC News
2. ‘WELCOME BACK’: White House history as Biden congratulates Trump  news.com.au
3. Donald Trump makes a victor's return to Washington and pledges a smooth transition of power  9News
4. Joe Biden welcomes back Donald Trump to the White House: 9News Latest Stories Season 2024, Short Video  9Now

Donald Trump’s policies risk making the US dollar a source of global instability Expert comment LToremark 13 November 2024

Although Trump favours a weaker exchange rate, his policies are likely to have the opposite effect. The risk is that the US dollar could become too strong, which is bad news for the global economy.

President-elect Donald Trump has a dollar problem. In recent months he has shown a clear preference for a weaker exchange rate to support the competitiveness of US exports and help reduce the US trade deficit. And yet, as the market has sensed since the US election, the much more likely outcome is that his policies end up strengthening the greenback. The risk is that the US dollar – which is expensive already – becomes more obviously overvalued, and this could increase the risk of global financial instability. 

The dollar has been on a rollercoaster ride in the past few decades. From 2002 until 2011, for example, the dollar weakened by around 30 per cent in inflation-adjusted, trade-weighted terms, according to BIS data. Yet in the years since 2011, the dollar has strengthened and is now at a more appreciated level than at any time since 1985.

What shapes this rollercoaster, broadly speaking, is the global balance of economic vitality: when the US economy gains momentum relative to the rest of the world, the dollar tends to strengthen; and vice versa. 

After China joined the WTO in 2001, the balance of economic vitality shifted decisively away from the US, in favour of China and other emerging economies. This was the decade of the commodity boom: the longest, biggest peacetime increase in commodity prices in nearly 200 years during which a sustained surge in China’s economy supported GDP growth across the developing world. The dollar weakened as a result.

But after 2011, a combination of factors – including the eurozone crisis and its aftermath, together with the sagging of the Chinese economy – tipped the balance of economic vitality back in favour of the US. The dollar strengthened once again.

And since both the European and Chinese economies remain very fragile, the balance of economic vitality seems likely to keep favouring the US dollar.

Two more considerations also point to a stronger US dollar under a second Trump administration.

The first is the exchange rate implications of Donald Trump’s proposed tariffs on imports. When the US imposes tariffs on a trading partner, the foreign exchange market tends to sell that trading partner’s currency, forcing it to weaken to offset the dollar-price increase induced by the tariff. This helps explain why the Chinese renminbi depreciated by some 10 per cent in 2018 after Trump began imposing trade restrictions on China in January of that year. 

More widespread tariffs on a whole range of US trading partners should therefore strengthen the dollar more broadly.

A stronger dollar should also result from the macroeconomic framework Trump seems likely to deliver. He will certainly want to extend his 2017 tax cuts beyond 2025 when they are currently due to expire, so a more sustained loosening of US fiscal policy seems likely. Since boosting the US economy will create inflationary pressure, the market will expect interest rates to end up higher than they might otherwise be. The resulting combination of looser fiscal and tighter monetary policy tends to be a stronger currency.

The dollar probably has a fair amount of room to keep going up, since it is not obviously overvalued just yet. The US current account deficit – the broadest measure of a country’s trade deficit, and a rough but useful measure of financial vulnerability – was a little over 3 per cent of GDP last year. 

This is around half the level it reached in 2006, just before the 2008 global financial crisis, meaning the risks arising from an overvalued dollar may be for the latter part of Trump’s second presidency.

A strengthening dollar is also not great news for the rest of the world economy. A strong dollar tends to depress global trade growth, restrict developing countries’ access to international capital markets, and make it more difficult for countries whose currencies will be weakening to keep inflation under control.

If and when the dollar becomes unsustainably expensive, a further problem will present itself: how to deal with an overvalued currency without risking a lot of financial dislocation.

This problem last occurred in early 1985, when the dollar was universally reckoned to be dangerously dear. At that time the US was able to call on trading partners who depended on the US security umbrella – the UK, Germany, France and Japan – to negotiate the ‘Plaza Accord’, which coordinated a series of interventions in the foreign exchange market that allowed the dollar to decline in a measured way.  

It is virtually unimaginable that something similar could be negotiated today, not least because Chinese policymakers believe that the post-Plaza strengthening of the yen in the late 1980s led to an economic disaster for Japan. Beijing will not play ball.

Without much scope for a negotiated decline in the dollar, more chaotic alternatives seem likely. 

One is that the market decides suddenly that it no longer has an appetite for expensive dollar-denominated assets, and this might lead to a messy adjustment in the foreign exchange market. 

Donald Trump did not win the 2020 election, but asserting that he did became a prerequisite for Republicans standing for nomination to Congress or the Senate to win their primaries. An entire party became a vehicle for disinformation.1 Trump did win the 2024 presidential election, and key to that victory was building on the success of that lie. If you control enough of the information ecosystem, truth no longer matters.Another telling example: Haitian migrants in Springfield, Ohio, are not eating cats and dogs. US vice president elect, JD Vance, the source of that claim, admitted as much even as he justified it. “If I have to create stories so that the American media actually pays attention to the suffering of the American people, then that’s what I'm going to do,” he said.2Disinformation in politics is nothing new. History is replete with claims that were fabricated to advance political aims. Although...

1. Donald Trump appoints Elon Musk, Vivek Ramaswamy to lead Dept of Government Efficiency | World News | Onmanorama  Onmanorama
2. DOGE days are coming for the US under Trump's two Musketeers  The Times of India
3. Donald Trump calls Elon Musk's department the 'Manhattan Project', know what was this project  India.com
4. When Vivek Ramaswamy was 18: School speech emerges as he readies for DOGE role  India Today
5. Internet reacts as Elon Musk debuts ‘super cute’ logo of Department of Government Efficiency: ‘What a time to be alive’  Hindustan Times

The Jerusalem Post Podcast with Tamar Uriel-Beeri and Zvika Klein.

The incoming Trump team will be in contrast to some of those currently serving and those who served previously in key roles in the region.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

1. 'Congratulations Donald Trump': Gautam Adani says his group will invest $10 billion in US energy, infra p  The Times of India
2. Adani Group commits $10 bn in US energy, infrastructure projects  The Economic Times
3. Adani commits $10 billion in U.S. energy, infra projects  The Hindu
4. Gautam Adani pledges USD 10 billion investment in US energy, infrastructure projects  India TV News
5. Video | Gautam Adani Commits $10 Billion To Energy, Resilient Infra Projects In US  NDTV

1. Donald Trump meets Joe Biden in White House; both pledge smooth transition  The Hindu
2. Power Transition Will Be "As Smooth As You Can Get", Says Trump  NDTV
3. US President Biden meets President-elect Donald Trump at White House, leaders vow smooth transition of power  The Financial Express
4. Joe and Donald warm up by the White House fireplace  The Times of India
5. Biden greets Trump with handshake, both pledge smooth transition  Moneycontrol

Democratic presidential nominee Hillary Clinton leads her Republican rival Donald Trump by 4% points, a latest national opinion poll said on Sunday, two days ahead of the crucial US general elections.

Donald Trump hushed all his detractors after winning the US elections to become the 45th president of the United States. He has stunned the whole world with this victory, driving on a wave of populist rage for defeating Hillary Clinton.

Indian-American Amul Thapar is among the shortlisted potential nominees for Supreme Court judge picked by President-elect Donald Trump.

US President-elect Donald Trump has said he would take $1 as his salary a year and not the $400,000 that comes with the US president's job and will refrain from going on any vacation.

Two-term Louisiana Governor Bobby Jindal, the first ever Indian-American to be elected as a state Governor, is among the shortlisted candidates for Trump's Cabinet, according to a media report.

Donald Trump has named tech gaint Elon Musk to head US Department of Government Efficiency (DoGE). Elon Musk is world's one of the most wealthiest man, with a Net Worth over $319 billion following the US Presidential elections. Before the US

The Adani Group will invest USD 10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs.

Vivek Ramaswamy has gained attention with his old high school graduation speech video after being appointed to co-lead the Department of Government Efficiency.