Trump Rejects Bipartisan Budget Bill Amid Shutdown Threat
President-elect Trump rejected the bipartisan budget measure citing giveaways to Democrats. JD Vance joined. Elon Musk and Vivek Ramaswamy attacked the bill on social media. The move raises risks of a Christmas government shutdown as House Speaker Mike Johnson faces reelection.
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Donald Trump
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Mar-a-Lago
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Vivek Ramaswamy
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Mike Johnson
Fed cuts rate a quarter point amid slower 2025 cuts
The Federal Reserve lowered its key rate by a quarter point, the third cut this year, while signaling only two rate cuts planned for 2025 amid higher inflation. Powell said policy is approaching a neutral rate, with stocks tumbling as markets priced in a slower easing path and inflation remains stubborn.
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Federal Reserve
Fed
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Wall Street
Jerome Powell
Powell
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T. Rowe Price
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Beth Hammack
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Araci
Donald Trump
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Supreme Court to hear TikTok ban case next January
The Supreme Court will hear arguments January 10 on whether a federal law requiring TikTok to be sold or be banned in the United States violates the First Amendment. The law, enacted in April, carries a January 19 deadline and affects ByteDance operated TikTok with over 170 million U.S. users. Government and tech voices frame the case as balancing national security against free speech, with potential enforcement by the Justice Department after the high court ruling.
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United States
High Court
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the Market IN Review
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