Donald Trump’s Republicans are likely to take control of both chambers of Congress, giving them power to push a broad agenda of tax cuts, energy deregulation, and border security. However, this could conflict with their goal of reducing the $35 trillion debt. Republicans secured a 52-48 Senate majority and are expanding their House lead, though 51 races remain uncalled.
Key priorities include extending Trump’s 2017 tax cuts, funding the border wall, and reducing the power of agencies like the Consumer Financial Protection Bureau.
Trump’s tax proposals could add $7.5 trillion to the debt over the next decade. The deficit hit $1.833 trillion in 2024, with interest on debt topping $1 trillion.
Republicans argue that Trump’s previous tax cuts boosted revenue, aiming to replicate early-term economic growth. However, critics, like Marc Goldwein from the CRFB, say the increase in tax receipts is driven by inflation and does not reflect actual growth.
"A defeat does not mean we're defeated," US President Joe Biden told disappointed Democrats after Donald Trump's election win. He urged Americans to "bring down the temperature."
Mexican President Claudia Sheinbaum congratulated Donald Trump on his election victory, calling for dialogue and respect for sovereignty. She expressed confidence in strong U.S.-Mexico relations and reassured the public despite market instability.
Elon Musk stands to gain from his ties to President-elect Trump, with Tesla shares surging post-election. Trump's policies, including deregulation and tariffs on Chinese imports, could benefit Musk’s businesses, including Tesla and SpaceX.
Donald Trump secured a sweeping victory in the 2024 election, defeating Vice President Kamala Harris in a polarizing race. Despite facing multiple criminal charges, Trump’s campaign resonated with voters demanding change, positioning him for a return to the White House on January 20.
The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defence chief, as well as a Hamas leader, Ibrahim Al-Masri, for alleged war crimes and crimes against humanity, the court said on Thursday.
Former German Chancellor Angela Merkel describes her dealings with world leaders like Russian President Vladimir Putin and Donald Trump during her 16 years in power in her new memoir, which comes as her legacy is under fire in light of today's crises.
Iceland’s Reykjanes Peninsula, active again after 800 years, has seen repeated volcanic eruptions since 2021. From lava fountains to massive fissures, eruptions have reshaped the landscape, attracting tourists while prompting evacuations and safety warnings.
An earthquake measuring 4.6 on the Richter scale struck the Dashtestan district of Bushehr Province in southern Iran at 8:30 a.m. local time today, according to the National Seismology Center of the Institute of Geophysics at Tehran University.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
The United Nations COP29 climate change conference in Baku seeks $1 trillion annually to help vulnerable nations tackle climate change, as political tensions and Argentina’s withdrawal overshadow talks.
Former German Chancellor Angela Merkel describes her dealings with world leaders like Russian President Vladimir Putin and Donald Trump during her 16 years in power in her new memoir, which comes as her legacy is under fire in light of today's crises.
The United States said it had reopened its embassy in Kyiv late on Wednesday after it had shut for the day due to what it called the threat of a significant air attack, a day after Ukraine used American missiles to hit a target inside Russia.
China's defense minister declined a meeting with U.S. Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said on Wednesday was unfortunate.
Ukraine's President Volodymyr Zelenskiy acknowledged the Crimea peninsula, seized by Russia in 2014, would have to be restored to Ukrainian sovereignty through diplomacy.
The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defence chief, as well as a Hamas leader, Ibrahim Al-Masri, for alleged war crimes and crimes against humanity, the court said on Thursday.
Former German Chancellor Angela Merkel describes her dealings with world leaders like Russian President Vladimir Putin and Donald Trump during her 16 years in power in her new memoir, which comes as her legacy is under fire in light of today's crises.
Iceland’s Reykjanes Peninsula, active again after 800 years, has seen repeated volcanic eruptions since 2021. From lava fountains to massive fissures, eruptions have reshaped the landscape, attracting tourists while prompting evacuations and safety warnings.
An earthquake measuring 4.6 on the Richter scale struck the Dashtestan district of Bushehr Province in southern Iran at 8:30 a.m. local time today, according to the National Seismology Center of the Institute of Geophysics at Tehran University.
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