Biden Blasts Trumps Calls for Reducing Feds Independence Warning of Potential for Enormous Damage to Economy

What a potential Fed rate cut could mean for the economy

As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on ...

Top stories - CBS News - 2 days ago

Trump warned against meddling with Federal Reserve’s independence

Any effort by president-elect to interfere in interest rate policy could destabilise markets

Business - Financial Times - 11 hours ago

Could a Trump presidency damage both democracy and the economy? Experts weigh in

Trump could damage the economy, experts say, if he makes good on threats to prosecute political rivals, including Kamala Harris.

Powell: Fed won't 'speculate' about Trump's impact on economy

The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...

Politics - The Hill - 2 days ago

Biden appears to call Trump supporters ‘garbage’

President Biden sparked backlash on Tuesday when he appeared to compare supporters of former President Trump to garbage after commenting on a racist joke a comedian made at a Trump rally days ...

Politics - The Hill - October 30

Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB

Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warming

World - Financial Times - October 31

US economy could ‘overheat’ under Trump, warns bond giant Pimco

CIO Dan Ivascyn says interest rate cuts could be paused and stocks look vulnerable after post-election rally

Business - Financial Times - Yesterday

Biden's ‘garbage’ gaffe could elect Trump and do lasting damage to his party

Last week, President Biden seemed to call Trump supporters "garbage," prompting a wave of faux outrage and callbacks to Hillary Clinton's 2016 "basket of deplorables" remarks.

Politics - The Hill - 5 days ago

Curtain call as famed dance hall reduced to rubble

One of Ireland's most famous dance halls is reduced to rubble as locals share their memories.

A small blast in Myanmar's second-biggest city damages Chinese Consulate

The Chinese Consulate in Myanmar’s second-largest city has been slightly damaged by an explosive device

World - ABC News - October 19

Harris warns of ‘more chaos’ under Trump and vows ‘different path’

Democrat evokes January 6 Capitol riot to depict Republican rival as extremist in primetime speech

World - Financial Times - October 30

Trump calls Biden 'stupid' and Harris 'dumb as a rock' at Arizona campaign event

Former President Donald Trump used derogatory terms to describe President Biden and Vice President Kamala Harris during a campaign event in Arizona. Trump, sitting in a chair next to right-wing ...

Biden calls for unity, pledges peaceful transition after Trump victory

Speaking from the White House, President Joe Biden called for unity and calm amid political divides and urged Americans to "bring the temperature down" on rhetoric. He pledged a peaceful transition ...

Trump’s win has given angry incels enormous power | Arwa Mahdawi

The masks were never exactly on to begin with – social media was a hotbed of bigotry long before Trump’s victory. But winning has emboldened his followers. Well that didn’t take long, did it? As ...

World - The Guardian - 10 hours ago

Fed Beige Book continues to point to sluggish economy

Nine out of 12 districts report flat or declining activity.

Business - MarketWatch - October 23

China holds military drills around Taiwan to warn against independence

China conducted large-scale military drills surrounding Taiwan on Monday, in response to Taiwanese President Lai Ching-te's national day speech that China has no right to represent Taiwan.

China deploys record 125 warplanes in large scale military drill in warning to Taiwan

Taiwan’s Defense Ministry called the drills a provocation.

World - ABC News - October 14

Iowa Poll's independent women rattle Trump supporters

The latest Des Moines Register poll showing skyrocketing enthusiasm for Vice President Harris among Iowa's independent women set off alarm bells for former President Trump and his allies, as both ...

Politics - The Hill - 4 days ago

Trump over-performing with independent voters in Pennsylvania

Independent voters will be a crucial voting bloc this election, with Vice President Kamala Harris leading nationally among them. However, in the battleground state of Pennsylvania, former President ...

FAA begins audit of major airports to reduce close calls on runways

In a new audit, the FAA will look to identify any caps in procedures, equipment or process at the country's 45 busiest airports. Recommendations to further reduce the risk of runway close calls are ...

Fed’s Logan says ‘strong and stable’ U.S. economy still faces ‘meaningful uncertainties’

The chief of the Dallas Federal Reserve said the economy is “strong and stable,” but the central bank needs to be watchful for a rebound in inflation as it gradually lowers U.S. interest rates.

Business - MarketWatch - October 21

New U.S. economy data before next Fed interest rate decision

The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.

What does the Fed's interest rate cut say about the state of the economy?

The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly ...

Top stories - CBS News - 2 days ago

White House seeks to contain damage from Biden 'garbage' remarks

The White House on Wednesday sought to contain the damage from President Biden’s comments a day earlier suggesting former President Trump's supporters were garbage, remarks the president’s team ...

Politics - The Hill - October 30

Biden calls Trump 'loser,' says election is about 'decency versus lack of decency'

President Biden described the current election cycle as “decency versus lack of decency,” and called former President Trump a "loser" during a campaign stop for Vice President Harris in the swing ...

Politics - The Hill - October 27

Biden appears to call Trump supporters "garbage," White House says he meant comedian's rhetoric

On a video call with Latino activists Tuesday evening, President Biden appeared to call former President Donald Trump's supporters "garbage" as he talked about comedian Tony Hinchcliffe's Puerto ...

LIVE: ABC News Live

24/7 coverage of breaking news and live events

Biden delivers first remarks since election, calls Kamala Harris' loss to Trump a setback

President Biden addressed the nation Thursday for the first time since Kamala Harris' loss to Donald Trump in the election, which Mr. Biden referred to as a setback. The president said he would ...

Top stories - CBS News - 2 days ago

WATCH: Trump blasted by former chief of staff

Donald Trump’s former chief of staff and retired General John Kelly called the former president a “fascist” with no concept for the rule of law or constitution.

Trump blasts 'insecure' Cuban for remarks on women voters

Former President Trump hammered down on his comments alleging Mark Cuban was “insecure” after the billionaire claimed the Republican nominee was “intimidated” by intelligent women. “I know Mark ...

Politics - The Hill - November 2

Tariff surge would damage global growth, IMF warns

In a forecast two weeks before US election the fund says greater protectionism would drag down world economy

Business - Financial Times - October 22

Reader reactions to a potential Trump victory

With just hours until polling stations open, the race for the White House is too close to call — but what do people around the world think of a possible second Trump presidency?

World - Financial Times - 5 days ago

Potential Trump Cabinet members, policies

Donald Trump's transition team is focusing on potential Cabinet members for the former president's second term in the White House. The Trump administration may also institute quick policy changes ...

Top stories - CBS News - 2 days ago

Independent report on Trump shooting says Secret Service needs fundamental reform

An independent panel tasked by President Biden to review the July assassination attempt on former President Donald Trump is calling for the Secret Service to undergo fundamental reform. CBS News ...

Independent report outlines several failures by Secret Service in Trump rally shooting

An independent bipartisan panel released a report Thursday that examined the Secret Service failures that led up to the attempted assassination attempt on former President Donald Trump during a ...

Biden administration announces $3 billion to reduce air pollution from US ports

The Biden administration on Tuesday announced $3 billion in funding through the Environmental Protection Agency (EPA) to reduce pollution and greenhouse gas emissions associated with U.S. ports. ...

Politics - The Hill - October 29

Biden Blasts Trumps Calls for Reducing Feds Independence Warning of Potential for Enormous Damage to Economy

Topics