North Korea has demonstrated the ability to manufacture ballistic missiles and supply them to Russia for use in Ukraine within a matter of months, according to Jonah Leff, head of Conflict Armament Research (CAR).
A $70 million furniture manufacturing plant planned by SBA Home, a Lithuanian company that produces furniture for IKEA, will bring 250 new jobs to Mocksville, North Carolina, thanks to significant state and local incentives. The North Carolina Economic Investment Committee approved a $1.4 million job development investment grant, to be distributed over the next 12 years, while Mocksville and Davie County contributed $800,000 in incentives to support the project.
"When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars and electric vehicles," Leavitt said in a statement.
A recent Reuters/Ipsos poll reveals that most Americans oppose higher tariffs on imported goods if they lead to increased consumer prices. The findings highlight the political risks surrounding President-elect Donald Trump's plan to impose steep import tariffs aimed at boosting American industry and curbing illegal activities such as fentanyl trafficking.
Sen. Joni Ernst (R-IA) is poised to challenge Commerce Secretary Gina Raimondo over her reported rush to allocate the remaining CHIPS and Science Act funds before President-elect Donald Trump takes office. In a letter expected to be delivered Wednesday, Ernst calls Raimondo’s expedited spending plan “extremely concerning” and urges her to stop any “binge buying” of taxpayer dollars.
The Biden-Harris administration has awarded semiconductor giant Micron Technology up to $6.165 billion in direct funding through the CHIPS Incentives Program, aiming to significantly expand U.S. semiconductor manufacturing capabilities.
Incoming Deputy Chief of Policy Stephen Miller confirmed on Sunday that comprehensive tax reform will be a top priority for President-elect Donald Trump’s administration, dispelling rumors of any potential delays. Miller stated that Congress will begin addressing tax reform immediately after tackling the border crisis, with a proposed timeline starting in January or early February.
The Biden administration set a new precedent in environmental enforcement during the 2024 fiscal year, including the first-ever arrest for violations of anti-climate change regulations under the American Innovation and Manufacturing (AIM) Act. The Environmental Protection Agency (EPA) issued its annual enforcement report on Thursday, showcasing significant increases in penalties, prosecutions, and pollution reduction initiatives.
The U.S. economy added 227,000 jobs in November, surpassing economists’ forecast of 215,000, the Department of Labor reported Friday. The unemployment rate edged up slightly to 4.2%, as more individuals entered the workforce.
