U.S. Rep. George Santos, the New York Republican whose lies about his background and wealth helped propel him into office, announced Monday that he's running for reelection.
More than perhaps any incumbent, Santos enters the race as an underdog — abandoned by many fellow Republicans while facing investigations over a myriad of allegations about falsehoods during his last campaign.
During that race, Santos portrayed himself as a graduate of prestigious colleges who had gone on to have a successful career on Wall Street while amassing a real estate investment portfolio. In reality, he didn't go to college, didn't work for the Wall Street firms where he claimed to have made big deals and had struggled in recent years to pay his rent.
In his campaign announcement, Santos didn't mention any of that and instead highlighted his zeal in fighting for conservative principals in Washington and his background as “a poor boy of immigrant parents in Queens.”
“We need a fighter who knows the district and can serve the people fearlessly,” he said.
Santos has previously referred to the fabrications about his background, which included lying about having Jewish ancestry and about having been a star volleyball player, as harmless embellishments.
Journalists have also uncovered other issues in his past, including criminal theft charges in Pennsylvania in 2017 and charges from years ago in Brazil, where he was accused of using a fraudulent check to buy apparel.
Despite those allegations, Santos refused calls from many fellow New York Republicans to resign.
While Santos faces a crush of investigations — by the House Ethics Committee and a county prosecutor in New York — he appears unmoved by the challenges.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
