When President Trump returns to Washington in the new year, one of the first moves he could make is killing the Iran Nuclear Deal. He will only have a few weeks before coming up against legal deadlines to impose sanctions against Tehran.
Eugene Scott, Political Reporter at The Washington Post, breaks down the deadlines the president faces. On the campaign trail, President Trump promised to undo what he called the "worst deal ever."
The Obama-era deal lifted U.S. and European sanctions on Iran in exchange for limits on Tehran’s nuclear program. Many lawmakers and foreign policy advisers to the president are trying to persuade President Trump not to kill the deal. However, he did not take those same policy advisers' advice when it came to moving the U.S. Embassy in Israel to Jerusalem.
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.
