For Mamdani to keep his campaign promises, he'll require more money from the federal government - which provided over $7 billion in revenue for the city's budget this year
Trump warned that the "entire world would be in a depression" had he not been able to implement the levies on goods from trading partners.
US President Donald Trump has said that India and Pakistan "made peace" in May after he threatened the two nuclear-armed neighbours to snap trade deals with them if they continued their military conflict, a claim he has repeated several times since then. In eight months I ended eight wars, including Kosovo and Serbia, and Congo and Rwanda, that were going on for a long time... Pakistan and India, Trump said in his address at the America Business Forum in Miami on Wednesday. You know, I was in the midst of a trade deal with both of them (India and Pakistan), and then I read on the front page of a certain newspaper... I heard they were going to war. Seven planes were shot down, and the eighth was really badly wounded... Eight planes were shot down essentially," Trump said. He added, I said, this is war, and they are going at it. And they are two nuclear nations. I said, I'm not going to make any trade deals with you guys unless you agree to peace'. "The two nations said 'No way. This
US President Donald Trump has said he will not attend the G20 Summit scheduled to be held in South Africa later this month. I am not going. We have a G20 meeting in South Africa. South Africa shouldn't even be in the Gs anymore because what's happened there is bad. I told them I'm not going. I'm not going to represent our country there. It shouldn't be there, Trump said at the America Business Forum in Miami on Wednesday. South Africa assumed the year-long G20 Presidency on December 1, 2024, and will host the group's leaders for a summit meeting in Johannesburg from November 22 to 23, the first time the G20 Summit will be held on African soil. India was the President of the G20 from December 2022 to November 2023 and had hosted the 18th G20 Summit in New Delhi in September 2023. Then-US President Joe Biden had travelled to India to attend the G20 Summit. The G20 comprises 19 countries Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, So
US President Donald Trump on Wednesday lashed out at Senate Republicans to end the government shutdown, now the longest ever, blaming the record-breaking impasse for the party's defeat in closely-watched elections while Democrats emboldened by their off-year victories dug in for a fight. Trump, whose first term at the White House set the previous government shutdown record, said this one was a big factor, negative in Tuesday's races. He repeated his demands for Republicans to end the Senate filibuster as a way to reopen government -- something senators have refused to do. Buoyed by their electoral wins, the Democrats also hardened their resolve. The Democratic leaders said it's time for Trump to get serious about negotiating an end to the stalemate. They demanded he get off the sidelines and meet with the congressional leaders to resolve the problem of expiring healthcare subsidies that are central to the debate. The election results ought to send a much needed bolt of lightning to
A majority of Supreme Court justices seemed skeptical on Wednesday about US President Donald Trump's ability to unilaterally impose far-reaching tariffs, putting at risk a cornerstone of his agenda in the biggest legal test yet of his unprecedented presidency. Three conservative justices raised questions about whether an emergency law gives Trump near-limitless power to set and change duties on imports, with potentially trillion-dollar implications for the global economy. The court's three liberal justices also appeared dubious, so at least two conservative votes could limit Trump's tariff power, though likely not end it altogether. The case is the first major piece of Trump's agenda to come squarely before the nation's highest court, which he helped shape by naming three of the nine justices in his first term. The conservative majority has so far been reluctant to check his extraordinary flex of executive power in short-term orders in cases ranging from presidential firings to ...
Thousands of privately owned businesses that rely on loans from the US Small Business Administration are missing out on funds
Progressive Zohran Mamdani's stunning NYC win and key Democratic victories in Virginia, New Jersey, and California signal headwinds for Trump ahead of next year's US mid-term polls
Zohran Mamdani, a 34-year-old progressive Democrat, has made history by becoming New York City’s first Muslim and South Asian mayor.
Wall Street leaders offered cautious support to Zohran Mamdani after his historic win as New York City's mayor, even as concerns surround his tax plans and economic policies
After Democrats swept major elections across key states in the US, President Donald Trump took to Truth Social to explain the Republican Party's poor performance in the polls
Democrats secured major victories across key US states and cities, gaining momentum ahead of the 2026 midterms
Newly elected New York City mayor Zohran Mamdani mocked Donald Trump in his victory speech, saying his win over Trump-backed rivals showed how the city can 'defeat political darkness'
Flags at the White House were lowered within hours of the announcement of Cheney's death on Tuesday morning
US President Donald Trump feels "very positive and strongly" about the future of India-US relationship, White House Press Secretary Karoline Leavitt has said. I think he feels very positive and strongly about it. As you know, he recently, a few weeks back, spoke to Prime Minister (Narendra Modi) directly when he celebrated Diwali in the Oval Office with many high-ranking Indian-American officials at the White House, Leavitt said on Tuesday during a press briefing in response to a question about the future of India-US ties. She also said that in Sergio Gor, the US has a great Ambassador to India who will represent Washington very well. The president and his trade team continue to be in very serious discussions with India with respect to that topic. So I know the president has great respect for Prime Minister Modi, and they speak pretty frequently, she said. Last month, Trump hosted a Diwali celebration in the Oval Office that was attended by Indian Ambassador to the US Vinay Kwatra
In a high-stakes legal showdown, the Supreme Court will consider arguments that Trump exceeded his constitutional authority with many of the sweeping tariffs he has imposed
The Ivy League university expects to price the bonds as soon as Nov 17 and plans to use the proceeds for general corporate purposes
Zohran Mamdani, 34, became New York City's youngest mayor since the 19th century and its first Muslim and South Asian mayor after defeating Andrew Cuomo and Curtis Sliwa in the election
Ahead of the hearing, Trump described the case as critical to the nation's future
The FBI has continued its personnel purge, forcing out additional agents and supervisors tied to the federal investigation into efforts to overturn the 2020 US presidential election. The latest firings took place despite efforts by Washington's top federal prosecutor to try to stop at least some of the terminations, people familiar with the matter told The Associated Press. The employees were told this week that they were being fired but those plans were paused after DC US Attorney Jeanine Pirro raised concerns, according to two people, who spoke on the condition of anonymity because they were not authorised to publicly discuss personnel matters. The agents were then fired again on Tuesday, though it's not clear what prompted the about-face. The total number of fired agents was not immediately clear. The terminations are part of a broader personnel upheaval under the leadership of FBI Director Kash Patel, who has pushed out numerous senior officials and agents involved in ...