Economic

Biden Pledges $1 Billion in Africa Aid Amid U.S.-China Rivalry

President Joe Biden has announced over $1 billion in humanitarian aid to assist individuals displaced by drought and conflict across 31 African nations. This commitment was unveiled during his recent visit to Angola, where he emphasized the United States' dedication to supporting Africa's humanitarian needs.

Trump Vows to Block Sale of U.S. Steel to Japanese Nippon Steel

President-elect Donald Trump has pledged to block the sale of U.S. Steel to Japan’s Nippon Steel, proposing tax incentives and tariffs to preserve the historic American company. Nippon Steel offered $15 billion for the acquisition, but Trump declared his opposition, citing economic and national security concerns.

Trump Warns BRICS Against De-Dollarization, Threatens 100% Tariffs

President-elect Donald Trump has issued a stark warning to BRICS nations over their ongoing efforts to reduce reliance on the U.S. dollar. Trump threatened to impose a 100% tariff on goods from BRICS members if they move forward with plans to establish a rival currency or abandon the dollar as the dominant international reserve currency.

Biden Blocks New Coal Mining in Region Supplying 40% of U.S. Coal as Trump Pledges Energy Dominance

The Biden administration has halted new coal mining in Wyoming’s Powder River Basin, a region that produces approximately 40% of the nation’s coal. The decision, made through an amendment to the Bureau of Land Management’s (BLM) Resource Management Plan, prohibits new federal coal leases until 2041, citing the need to reduce greenhouse gas emissions as part of the administration’s climate change agenda.

Migrant Caravan Heads for US Border Ahead of Trump’s Inauguration

A caravan of over 1,500 migrants departed Tapachula, Mexico, near the Guatemalan border on Sunday, seeking to reach the U.S. before President-elect Donald Trump takes office on January 20. The group, composed of migrants from Venezuela, Cuba, Haiti, Colombia, Guatemala, and Honduras, is racing north amid fears of stricter immigration policies under Trump’s administration.

Congressional Committee Finds COVID ‘Most Likely’ Resulted From Lab Leak

A new report from the House Select Subcommittee on the Coronavirus Pandemic acknowledges that the COVID-19 virus "most likely" leaked from a Chinese lab.

Washington State Budget Deficit Highlights Decade of Spending Growth and New Taxes

Washington state lawmakers have long warned of the potential for a budgetary crisis during an economic downturn, even as the state experienced record-breaking revenue growth over the past decade. Today, those warnings have some merit, as the state faces an estimated $10 billion to $12 billion deficit despite maintaining all-time high revenue levels.

Biden Administration Expands Export Controls on Advanced Semiconductor Technology to China

The Biden administration announced new restrictions Monday targeting the export of advanced semiconductor chips and manufacturing equipment to China. The measures, introduced by the Commerce Department's Bureau of Industry and Security, aim to limit Beijing's ability to develop advanced technologies, including artificial intelligence and military applications.

Poilievre Criticizes Trudeau’s ‘Position of Weakness’ During Mar-a-Lago Visit with Trump

Canadian Conservative Party Leader Pierre Poilievre expressed disappointment over Prime Minister Justin Trudeau’s recent meeting with President-elect Donald Trump at Mar-a-Lago. Poilievre described Trudeau’s approach as “weak” and criticized his inability to secure any tangible benefits for Canada during the high-stakes discussion.

Bible Sales Skyrocket in 2024

A recent report by The Wall Street Journal revealed a notable 22% increase in Bible sales compared to last year, reflecting a growing interest in Scripture during uncertain times.

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