President Joe Biden has signed a series of executive orders from the Oval Office hours after his inauguration.
Biden wore a mask while seated behind the Resolute Desk with a stack of orders early Wednesday evening. He said there was “no time to start like today.”
The first order Biden signed was related to the coronavirus pandemic. He also signed an order reentering the U.S. into the Paris climate accord.
While his predecessor Donald Trump broke long-standing practice by skipping Biden’s inauguration, he did follow through on one tradition and left behind a letter for Biden.
The new Democratic president said Trump “wrote a very generous letter.” But Biden said he wouldn't reveal its contents until he had a chance to speak with Trump.
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.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
