He’s entitled to his opinion. But this is more than a dispute with Fed chair Jerome Powell — the aforementioned “Mr. Too Late” — over what’s best for the economy. Trump’s disparagement of Powell — and threats to fire him — is a grab for power over a central bank long prized for its independence….
Top White House trade adviser Peter Navarro claimed on Sunday that billionaire Elon Musk is “simply protecting his own interests” after the Tesla CEO spoke about the administration’s sweeping new tariff policies. Newsweek reached out to Navarro’s office and Musk via email on Sunday for comment. Why It Matters Musk saw around $11 billion shaved…
Elon Musk’s sweeping attempt to reshape American politics through a combination of financial firepower and bureaucratic upheaval faltered Tuesday night, as Democrats clinched a key victory in Wisconsin’s Supreme Court race and narrowed the gap in two deep-red Florida congressional districts. Democrats scored a high-profile victory in Wisconsin, where Susan Crawford defeated Trump- and Musk-backed…
Senator John Curtis, a Utah Republican, laughed off the idea of supporting a third term for President Donald Trump during an interview appearance on Sunday. Newsweek reached out to the White House for comment via email on Sunday. Why It Matters Trump and his allies have repeatedly teased the idea of him seeking a third…
The Trump administration has ordered an effective shutdown of the Consumer Financial Protection Bureau (CFPB), directing the agency to stop investigations, suspend rule implementations, and cease supervision activities. Russell Vought, the newly appointed director of the Office of Management and Budget, issued the order in a Saturday night email. Newsweek reached out to the White…
Democratic strategist Chai Komanduri said Elon Musk has “taken over” MAGA and the Republican Party. Musk, the CEO of several companies, including Tesla and SpaceX, is becoming increasingly powerful in Republican politics following his support for President-elect Donald Trump in this year’s presidential election. Musk is regularly seen with Trump and is now considered among…
RALEIGH, N.C. (AP) — Outgoing North Carolina Gov. Roy Cooper vetoed legislation on Tuesday that would strip powers from several Democrats elected to statewide office this month, including removing the authority of Cooper’s successor to appoint the state elections board. These and other provisions, contained in a wide-ranging measure stuffed through the Republican-dominated General Assembly…
On Tuesday Donald Trump announced Pete Hegseth, a Fox News commentator who saw active service with the Minnesota National Guard, as his pick for secretary of defense. Hegseth was one of a number of National Guard members ordered to stand down from Joe Biden‘s inauguration, according to CBS News reporter Jim LaPorta. Hegseth served in…
As President-elect Donald Trump fills out his new administration, some of his closest allies are skeptical about his potential choice for secretary of state. Reports began floating earlier this week that U.S. Senator Marco Rubio of Florida is expected to be appointed as Trump’s top diplomat in the coming days. Rubio, 53, would be the…
Billionaire entrepreneur Mark Cuban has sparked widespread debate on social media with a post questioning the legality of Elon Musk’s latest political initiative. The controversy surrounds Musk’s recently announced plan to offer daily $1 million prizes to swing state voters who sign a petition supporting the First and Second Amendments of the U.S. Constitution. Musk,…