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Latest 24 Hour News In Politics
Source: Common Domain

Powell faces early test of policy view as tax cuts near approval

Tuesday 16:23 GMT

Incoming Federal Reserve chair Jerome Powell, chosen by U.S. President Donald Trump to keep the recovery humming, appears set to let an expected trillion=dollar tax cut run its course through the economy as weak wage growth and inflation buttress his view that the economy remains underpowered.

Other analysts are starting to see a potential dovish surprise when Powell takes over in February, the tax cuts could kick in, and the Fed stands aside.

Source: Global News

Ex-Twitter contractor who shut down Donald Trump’s account says he did it by accident

Tuesday 16:23 GMT

The contractor who shut down Donald Trump’s Twitter account has told Reuters he did so by mistake, but says he believes some of the U.S. president’s recent tweets breach the social network’s ban on hate speech.

Bahtiyar Duysak, 28, said he clicked “a few wrong things which I shouldn’t have done” on Nov. 2, his last day at Twitter, causing Trump’s @realDonaldTrump account – which has 44 million followers – to be taken offline for 11 minutes.

Source: Common Domain

Here’s why the Fed will hike interest rates

Tuesday 16:23 GMT

The stock market continues to routinely set records, and the 10-year Treasury yield is virtually unchanged after the Fed has increased interest rates four times.

New York Fed President William Dudley has repeatedly warned the Fed would raise rates at a faster clip if financial conditions did not tighten as desired. Read: Fed’s Dudley shows now signs of wavering from support for December interest-rate hike. “All else equal, an easing of financial conditions may warrant a somewhat steeper policy rate path,” Dudley said.

Source: Global News

Private investigator admits to misusing Donald Trump’s social security number

Tuesday 16:23 GMT

A Louisiana private investigator pleaded guilty on Monday to misusing Donald Trump’s Social Security number in repeated attempts to access the candidate’s federal tax information during the presidential campaign.

Prosecutors said he committed “numerous violations,” including hacking into email and social media accounts of a man at the request of the man’s wife.

Source: Washington Post

Trump administration explains details of how tax plan would pay for itself, immediately gets attacked for assumptions

Tuesday 16:23 GMT

For months, Treasury Secretary Steven Mnuchin has said that the Republican tax plan wouldn't add a penny to the national debt, pledging that more than 100 people in his agency were “working around the clock” to calculate how much additional growth would come from the plan.

On Monday, the Treasury Department released the fruit of those efforts: a one-page document asserting that the $1.5 trillion plan would generate more than enough to pay for itself.

Source: Fox News

Trump accusers band together, seek congressional probe of 'sexual misconduct'

Tuesday 16:23 GMT

Three women, who previously have accused President Trump of sexual misconduct, banded together Monday to call for a congressional investigation into the president – in what could be an opening effort to shift the sexual harassment spotlight from Congress to the White House.

Holvey, Leeds and Crooks are just three of 16 women who participated in a video titled “16 Women and Donald Trump,” which details the allegations against the president.

Source: Common Domain

Trump governs like Nero, appeasing the masses with bread and tweets

Tuesday 16:23 GMT

Donald Trump won the presidency with the backing of working-class and socially conservative white voters on a populist platform of economic nationalism.

While Trump ran as a populist, he has governed as a plutocrat, most recently by endorsing the discredited supply-side theory of taxation that most Republicans still cling to. Trump rejected the Republican Party’s traditional pro-business, pro-trade agenda, and, like Bernie Sanders on the left, appealed to Americans who have been harmed by disruptive technologies and “globalist” policies promoting free trade and migration.

Source: NBC News

Booker campaigned in Alabama for Doug Jones — and for himself

Tuesday 16:23 GMT

New Jersey Sen. Cory Booker traveled to Alabama to campaign for Democratic Senate nominee Doug Jones on the final weekend before voters go to the polls.

While Booker's known to political insiders in Alabama, Daniels said, this campaign swing for Jones will make him a more familiar figure among rank-and-file voters. We're going to be a player," state Rep. Anthony Daniels, Alabama's first black House minority leader, said after Jones spoke to a Baptist congregation here.

Source: The Guradian

EU may scrap refugee quota scheme

Tuesday 16:23 GMT

The EU could scrap a divisive scheme that compels member states to accept quotas of refugees, one of the bloc’s most senior leaders will say this week.

He is calling for “stable and long-term financing mechanisms, in place of the existing ad hoc pledging on a much larger scale”, but has stopped short of putting a price tag on future migration policy.

Source: The Guradian

Rahul Gandhi elected leader of India's Congress party

Tuesday 15:28 GMT

Power has passed to a fourth generation of India’s most influential political dynasty after the election of Rahul Gandhi as the president of the Indian National Congress.

The man derided by political critics as “pappu” – or naive child – faces significant hurdles to lead India, including an ailing Congress party, doubts over his mettle and an opponent who is India’s most formidable prime minister in decades, Narendra Modi. “His first challenge is to revive the Congress network and get the credibility of the party back,” said Nilanjan Mukhopadhyay, an Indian political analyst and author.

Source: The Guradian

How far will Trump go to keep his core supporters on his side?

Tuesday 15:28 GMT

Donald Trump won the US presidency with the backing of working-class and socially conservative white voters on a populist platform of economic nationalism.

He was a senior economist for international affairs in Bill Clinton’s White House and has worked for the International Monetary Fund, the Federal Reserve and the World Bank.

Source: NBC News

These Heisman Trophy finalists could make college football history

Saturday 16:22 GMT
Source: BBC

Avocado injuries a thing of the past?

Thursday 21:51 GMT
Source: Common Domain

Advertising Guidelines for Online Sponsored, Branded & Featured Content

Monday 01:31 GMT
Source: CBS News

Walmart cashier’s act of kindness leaves foster parent in tears

Monday 01:31 GMT
Source: CBS News

Anonymous customer buys 58 meals in honor of Las Vegas shooting victims

Monday 01:31 GMT
Source: New York Times

How ISIS Produced Its Cruel Arsenal on an Industrial Scale

Monday 01:31 GMT
Source: New York Times

Eluding Censors, a Magazine Covers Southeast Asia’s Literary Scene

Monday 01:31 GMT
Source: Global News

Here’s what the new mortgage rules will do to home prices in 2018: Royal LePage

Today 12:44 GMT
Source: Common Domain

Here’s Why YouTube’s Streaming Music Could Be a Huge Deal

Tuesday 16:23 GMT
Source: NBC News

China remembers 142K killed in massacre, offers 'friendship' to Japan

Today 12:44 GMT
Source: Global News

Trump directs NASA to send Americans to the Moon, lay foundations for Mars mission

Tuesday 16:24 GMT
Source: Common Domain

Hong Kong Home Prices Expected to Soar in 2018

Tuesday 19:10 GMT
Source: Common Domain

Apple Acquires Shazam and Its Song-Recognition App

Tuesday 16:23 GMT
Source: Washington Post

Why Apple bought Shazam, the music-recognition app that’s been declining in popularity

Tuesday 22:49 GMT

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