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The new transporation secretary is now reversing Biden policies in regards to EVs. Stephen Miller explains why getting rid of the illegals will not hurt the economy. Did China try to bring the market down? Trump is offering federal workers a buy out, drain the swamp. Fed pushing narrative that Trump will intervene, boomerang. The [DS] is panicking over everything that Trump is doing, he is cutting programs, firing people and draining the swamp. Lawsuits against what he is doing will fail. RFK jr confirmation hearing was full of corrupt Senators who are in the pocket of big pharma. Those who screamed the loudest have the most to lose. Follow the money. Big Pharma is now panicking. Trump is testing the waters to see how the [DS] reacts, Gitmo being prepared for illegals.

 

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Economy

https://twitter.com/ThomasCatenacci/status/1884427380665569688

https://twitter.com/ultrapepemqtter/status/1884470858040619283

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BREAKING: Biden-Appointed Judge Blocks Trump Federal Spending Freeze 

A judge temporarily blocked Trump’s order to freeze federal funding on public loans and grants.

Judge Loren AliKhan, a Biden appointee, granted a temporary stay on Trump’s plan to freeze federal funding.

On Monday, Trump’s Office of Management and Budget (OMB) put a temporary pause of agency grant, loan and other financial assistance programs.

This temporary pause will provide the Administration time to review agency programsand determine the best uses of the funding for those programs consistent with the law and thePresident’s priorities. The temporary pause will become effective on January 28, 2025, at 5:00PM. Even before completing their comprehensive analysis, Federal agencies must immediatelyidentify any legally mandated actions or deadlines for assistance programs arising while thepause remains in effect. Federal agencies must report this information to OMB along with ananalysis of the requirement. OMB also directs Federal agencies to pause all activities associated with open NOFOs, such as conducting merit review panels,” the OMB added.

 

NBC News reported:

 

Source: thegatewaypundit.com

https://twitter.com/BehizyTweets/status/1884376272932876295

https://twitter.com/KobeissiLetter/status/1884412236459806811

Bank of Canada cuts interest rate by 25 basis points to 3%

Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers give a statement and answer questions after the bank cut the key interest rate by 25 basis points to three per cent. The Bank of Canada lowered its interest rate by 25 basis points to three per cent on Wednesday, the sixth consecutive reduction since June.

Source: cbc.ca 

 

The Federal Reserve may try something new: Pausing

Source: msnc.com

Fed expected to hold rates steady at FOMC meeting even as Trump dials up pressure

The US president is threatening to impose tariffs on Mexico, Canada, and China as early as this Saturday, a stance that some economists predict will put upward pressure on inflation at a time when the central bank is trying to ensure that issue is finally under control.

What makes things more complicated is that Trump is making it clear he wants policymakers to cut rates further. He hinted last week at a coming clash with Powell on that subject, saying he wants rates to come down "a lot" and that he expects to talk directly with the Fed chair "at the right time."

Source: yahoo.com