President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.
Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.
Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear
Trump promised tariffs on Day 1, yet no tariff policies have been announced so far. But a federal government hiring freeze has been enacted.
Amid a flurry of executive actions upon his inauguration Monday, US President Donald Trump took aim at the subsidies in the Inflation Reduction Act (IRA), a massive congressional spending package signed by Joe Biden in 2022 that unleashed funding for carbon capture, clean hydrogen, electric vehicles and more.
By declaring a national emergency on energy, Trump will make it a priority of his administration to increase the domestic production of oil and other forms of fossil-fuel energy, officials said. It comes as U.S. crude oil production has already hit an all-time high over the past year.
During his inaugural address, President Trump claimed that the United States “lost 38,000 lives” during the construction of the Panama Canal. This is similar to a claim he’s made before—in 2023 he quoted a figure of 35,000 deaths.
Saudi Arabia’s crown prince says the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump mused about returning to the kingdom as his first foreign trip.
The fact remains that the bedrock assumptions about how politics “works” and the rules for what a politician can or can’t do, no longer seem operative.
Trump administration dawns — or, for his opponents, descends — on America, an interesting and unusual discussion has emerged over the broader meaning of Trump's victory.