Page 142 - Donald Trump

Trump administration expands search for Fed chair, adds new names to list

The team chosen by Trump has been reviewing several contenders, including a former Fed president and a longtime economic consultant

Trump admin weighs military action against Latin American drug cartels

A pending US-Mexico security deal will enable joint monitoring of criminal groups and enhance coordination between security forces along the shared border

Trump removes Billy Long as IRS commissioner in less than 2 months

President Donald Trump has removed former US Rep Billy Long as IRS commissioner less than two months after his confirmation, a White House official said Friday. The official, who was not authorised to speak publicly and spoke on condition of anonymity, did not give a reason for the dismissal. Treasury Secretary Scott Bessent will serve as acting commissioner, the official said. The Senate confirmed Long on a 53-44 vote despite Democrats' concerns about the Republican's past work for a firm that pitched a fraud-ridden coronavirus pandemic-era tax break and about campaign contributions he received after Trump nominated him. While in Congress, where he served from 2011 to 2023, Long sponsored legislation to get rid of the IRS. A former auctioneer, Long has no background in tax administration.

Trump admin seeks $1 bn settlement from UCLA, says White House official

The Trump administration is seeking a $1 billion settlement from the University of California, Los Angeles, a White House official said Friday. The person was not authorised to speak publicly about the request and spoke on condition of anonymity. The Trump administration has suspended $584 million in federal grants, the university said this week. In recent weeks, the Department of Justice has accused UCLA of antisemitism. UCLA is the first public university whose federal grants have been targeted by the administration over allegations of civil rights violations related to antisemitism and affirmative action. The Trump administration has frozen or paused federal funding over similar allegations against private colleges. The new UC president, James B Milliken, said in a statement Friday that it had received notice from the Department of Justice and is reviewing it. Earlier this week, we offered to engage in good faith dialogue with the Department to protect the University and its .

Donald Trump to meet Putin in Alaska on Aug 15 to discuss Ukraine war

President Donald Trump on Friday said he will meet with Russian President Vladimir Putin on August 15 in Alaska. He announced the meeting in a post on social meeting and said more details would follow. Earlier, Trump had said that he will meet very shortly with Russian President Vladimir Putin to discuss ending the war in Ukraine, a potential major milestone after expressing weeks of frustration that more was not being done to quell the fighting. Speaking to reporters at the White House after announcing a framework aimed at ending decades of conflict elsewhere in the world between Armenia and Azerbaijan Trump had refused to say exactly when or where he would meet with Putin, but that he planned to announce a location soon. He also suggested that his meeting with the Russian leader could come before any sit-down discussion involving Ukrainian President Volodymyr Zelenskyy. We're going to have a meeting with Russia, start off with Russia. And we'll announce a location. I think the

Trump signals no more trade talks, Piyush Goyal says parleys still on

Commerce minister confident India's FY26 exports will exceed last year's tally

Indian economy is robust: Arvind Panagariya counters Donald Trump's jibe

Dismissing US President Donald Trump's "dead economy" jibe, 16th Finance Commission Chairman Arvind Panagariya on Friday said the Indian economy is growing at 7 per cent, and more than that in dollar terms. Panagariya was speaking at the Business Today India@100 event. "You don't grow at 7 per cent plus (if the economy is dead), and actually in dollar terms we are growing at more than 7 per cent. I don't know what the definition (of dead economy) means. May be, dead bodies do move," he said when asked if India is a dead economy. Asked about India's trade protectionism, Panagariya said: "There may be protectionist measures... We are substantially open". Mounting a sharp attack on India, Trump had remarked that India is a "dead economy". "I don't care what India does with Russia. They can take their dead economies down together, for all I care," Trump had said in a social media post on July 31. Trump later imposed 50 per cent tariff on Indian goods imported to the US with a brief .

US Democrat slams Trump over 50% tariff on India, says risks years of work

Prominent US Congressman and Democrat Gregory Meeks said the US has deep economic, and people-to-people ties with India, and trade concerns should be addressed in a mutually respectful way

US links India tariff hike to 'national security' over Russian oil imports

White House Trade Adviser Peter Navarro links extra 25% tariffs on India to its refusal to stop buying Russian oil, calling it a national security threat amid ongoing US-India trade tensions

IT sector braces for slower growth trajectory as US tariff tensions mount

Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month

US calls India strategic partner, vows dialogue despite trade tensions

The US affirms full dialogue with India amid tariff disputes and Russian oil concerns, emphasising direct engagement to resolve differences, while reiterating New Delhi's status as a strategic partner

Intel CEO Lip-Bu Tan says board backs him amid Trump's call for resignation

Tan has reached out to the White House to clear up what he called "misinformation" about his track record, he said in a letter to staff posted on Intel's website

Got directly involved when India, Pakistan went to war, says Marco Rubio

Speaking at an interview, US Secretary of State Marco Rubio said President Donald Trump is committed to bringing peace and ending conflicts around the world

Trump rules out trade talks with India until tariff dispute resolved

Trump rules out trade talks with India as US imposes 50% tariffs, citing Russian oil imports

Trump orders more law enforcement in Washington to make DC safe again

The White House said on Thursday night that there will be increased presence of federal law enforcement in the nation's capital to combat crime for at least the next week, amid President Donald Trump's suggestions that his administration could fully take over running the city. Washington, DC is an amazing city, but it has been plagued by violent crime for far too long," White House press secretary Karoline Leavitt said in a statement. President Trump has directed an increased presence of federal law enforcement to protect innocent citizens. She added that the increased federal presence means there will be no safe harbour for violent criminals in DC. Trump has repeatedly suggested that the rule of Washington could be returned to federal authorities. Doing so would require a repeal of the Home Rule Act of 1973 in Congress, a step Trump said lawyers are examining but could face steep pushback. We have a capital that's very unsafe, Trump told reporters at the White House this week. We

Trump to meet Armenia & Azerbaijan leaders to sign US-brokered peace deal

The leaders of Armenia and Azerbaijan are expected to sign a peace deal Friday at the White House that could potentially put an end to decades of conflict, President Donald Trump said. Trump said Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev would also be signing agreements with the US to pursue Economic opportunities together, so we can fully unlock the potential of the South Caucasus Region. Many Leaders have tried to end the War, with no success, until now, thanks to TRUMP, Trump wrote on Thursday night on his Truth Social site. The prospective agreement could potentially put an end to decades of conflict and set the stage for a reopening of key transportation corridors across the South Caucasus that have been shut since the early 1990s. Three US officials, who were not authorised to speak publicly ahead of the announcement and spoke on condition of anonymity, said the agreements included a major breakthrough establishing a key transit corridor .

Trump opens door for private equity, crypto as 401(k) retirement plans

Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a pool of funds worth trillions. There is no immediate change in how people invest part of their work earnings. Federal agencies would need to rewrite rules and regulations to allow the expanded choices, and that would take months or more to complete. But once done, employers could offer a broader array of mutual funds and investments to workers, according to the White House. New plans could invest in alternative assets, particularly private equity, cryptocurrencies and real estate. The Republican president's order directs the Labour Department and other agencies to redefine what would be considered a qualified asset under 401(k) retirement rules. Americans' retirement plans ar

Trump admin asks SC to lift curbs on Southern California immigration stops

The Trump administration on Thursday asked the Supreme Court to halt a court order restricting immigration stops that swept up at least two US citizens in Southern California. The emergency petition comes after an appeals court refused to lift a temporary restraining order barring authorities from stopping or arresting people based solely on factors like what language speak or where they work. The move is the latest in a string of emergency appeals from the Trump administration to the high court, which has recently sided with the Republican president in a number of high-profile cases. The Justice Department argued that federal agents are allowed to consider those factors when ramping up enforcement of immigration laws in Los Angeles, an area it considers a top enforcement priority." Trump officials asked the justices to immediately halt the order from US District Judge Maame E Frimpong in Los Angeles. She found a mountain of evidence that enforcement tactics were violating the US .

EPA cancels $7 billion Biden-era grant programme to boost solar energy

The Environmental Protection Agency on Thursday terminated a USD 7 billion grant programme that was intended to help pay for residential solar projects for more than 9,00,000 lower-income US households. It's the latest Trump administration move hindering the nation's shift to cleaner energy. The funding, part of Democratic President Joe Biden's Solar for All programme, was awarded to 60 recipients including states, tribes and regions for investments such as rooftop solar and community solar gardens. Solar, a renewable energy, is widely regarded as a way to introduce cleaner power onto the electrical grid and lower energy bills for American consumers.

Trump doubles reward to $50 mn for arrest of Venezuela's President Maduro

The Trump administration is doubling to USD 50 million a reward for the arrest of Venezuela's President Nicols Maduro, accusing him of being one of the world's largest narco-traffickers and working with cartels to flood the US with fentanyl-laced cocaine. Under President Trump's leadership, Maduro will not escape justice and he will be held accountable for his despicable crimes, Attorney General Pam Bondi said on Thursday in a video announcing the reward. Maduro was indicted in Manhattan federal court in 2020, during the first Trump presidency, along with several close allies on federal charges of narco-terrorism and conspiracy to import cocaine. At the time, the US offered a USD 15 million reward for his arrest. That was later raised by the Biden administration to USD 25 million the same amount the US offered for the capture of Osama bin Laden following the September 11, 2001, attacks. Despite the big bounty, Maduro remains entrenched after defying the US, the European Union and .