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Trump says he's fixing affordability problems. He'll test out that message at a rally

Trump says he's fixing affordability problems. He'll test out that message at a rally

President Donald Trump will road-test his claims he's fixing Americans' affordability woes at a nighttime rally in Pennsylvania

Trump to tout economic gains in Pennsylvania amid voter cost concerns

Trump to tout economic gains in Pennsylvania amid voter cost concerns

By Nandita Bose and Jarrett Renshaw PHILADELPHIA, Dec 9 (Reuters) - President Donald Trump will visit Pennsylvania on Tuesday to defend his economic record and try to counter voter anxiety over rising costs, as Republicans brace for a tough fight to hold Congress in next year’s midterms.

The Latest: Trump approves sale of more advanced Nvidia computer chips used in AI to China

The Latest: Trump approves sale of more advanced Nvidia computer chips used in AI to China

President Donald Trump says he'll allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China

Trump approval rating rises as Republicans back cost-of-living efforts

Trump approval rating rises as Republicans back cost-of-living efforts

By Jason Lange WASHINGTON, Dec 9 (Reuters) - President Donald Trump's approval rating edged up to 41% in the past week as Republicans warmed to his handling of the cost of living, a sign the administration's new focus on affordability might be supporting his popularity, according to a new Reuters/

Rep. Brian Fitzpatrick Urges GOP to Address Affordability Crisis

Rep. Brian Fitzpatrick Urges GOP to Address Affordability Crisis

Representative Brian Fitzpatrick, a Republican from Pennsylvania, is calling on his party to address the affordability crisis facing many Americans. Fitzpatrick, who represents a swing district, is advocating for the extension of enhanced Affordable Care Act subsidies set to expire at the end of the year. He argues that failing to act on this issue is not an option, as rising insurance premiums could significantly impact low- and middle-income families. Fitzpatrick has a history of breaking with his party on key issues, including his past votes against repealing Obamacare. He emphasizes the need for a comprehensive plan to address cost-of-living concerns, which he believes will be a central issue in the 2026 elections.

President Trump Pressures Tractor Manufacturers to Lower Costs Amid Farmer Aid Announcement

President Trump Pressures Tractor Manufacturers to Lower Costs Amid Farmer Aid Announcement

President Donald Trump has urged farm-equipment manufacturers to reduce the prices of tractors, citing environmental restrictions as a factor driving up costs. This announcement coincides with the introduction of a $12 billion relief package for farmers, aimed at addressing economic challenges faced by the agricultural sector. The aid package includes up to $11 billion in one-time payments to crop farmers under the newly designed Farmer Bridge Assistance program. The remaining funds are allocated for crops not covered under this program. Farmers with an average adjusted gross income below $900,000 for the 2022-2024 tax years are eligible for this assistance. The administration plans to distribute the aid by the end of February 2026.

President Trump Proposes $12 Billion Aid for Farmers Amid Trade War with China

President Trump Proposes $12 Billion Aid for Farmers Amid Trade War with China

President Donald Trump has proposed a $12 billion aid package to support U.S. farmers affected by the trade war with China. The aid is designed to help farmers who have been hit by rising costs and reduced export opportunities due to tariffs on Chinese goods. The package includes $11 billion for the Farmer Bridge Assistance program, targeting row crops like soybeans and sorghum, and $1 billion for specialty crops. The announcement comes as farmers face challenges from trade disputes and inflation, with many expressing the need for stable markets rather than government aid.

President Trump Establishes Food Security Task Forces to Combat Price-Fixing

President Trump Establishes Food Security Task Forces to Combat Price-Fixing

President Trump has signed an executive order to create Food Supply Chain Security Task Forces within the Justice Department and the Federal Trade Commission. These task forces aim to address price-fixing, anti-competitive behavior, and foreign influence in the U.S. food supply chain. They are empowered to enforce actions and propose new rules to curb these issues, with the Attorney General directed to pursue criminal proceedings if necessary. The initiative responds to concerns about high grocery prices and national security risks posed by foreign-controlled companies in key food sectors.

President Trump's Tariff Revenue Plan Faces Skepticism from Economists

President Trump's Tariff Revenue Plan Faces Skepticism from Economists

President Trump has proposed that the revenue generated from tariffs could potentially eliminate the need for income taxes in the United States. During a recent Cabinet meeting, he suggested that the income from tariffs could be so substantial that it might allow for the reduction or complete removal of income taxes. This idea has been met with skepticism from economists who argue that the revenue from tariffs is insufficient to replace income taxes. For the fiscal year 2025, the U.S. government collected $195 billion in customs duties, a significant increase from the previous year, but still far less than the nearly $2.7 trillion collected from income taxes. Experts like Alan Wm. Wolff from the Peterson Institute for International Economics and Daniel Shaviro from NYU Law have labeled the proposal as unrealistic, citing the vast disparity between tariff and income tax revenues.

President Trump Establishes Task Forces to Secure U.S. Food Supply Chains

President Trump Establishes Task Forces to Secure U.S. Food Supply Chains

President Donald Trump has signed an executive order to create task forces within the Justice Department and the Federal Trade Commission (FTC) aimed at securing the U.S. food supply chain. The initiative seeks to address risks associated with price fixing and anti-competitive behavior, particularly by foreign-controlled companies. The task forces will investigate these practices and may propose new regulatory measures if anti-competitive behavior is identified. This move is part of a broader effort to protect American consumers and ensure national security in the food supply sector.

Treasury Secretary Bessent Predicts 3% GDP Growth as President Trump Plans Economy Tour

Treasury Secretary Bessent Predicts 3% GDP Growth as President Trump Plans Economy Tour

Treasury Secretary Scott Bessent has forecasted that the U.S. will achieve a 3% real GDP growth by the end of the year. This prediction comes as President Trump prepares for a national tour to highlight his administration's economic achievements ahead of the 2026 midterm elections. The Federal Reserve Bank of Atlanta has projected an annual GDP growth of 3.5%, supported by quarters of 4% growth. Despite these positive indicators, nearly half of registered voters have expressed concerns that Trump's economic policies, including aggressive trade measures, may be detrimental. In response, Trump announced a $12 billion bailout for U.S. farmers affected by trade negotiations with China, with payments expected by February 28. The administration is also proposing tariff rebates and other financial incentives to address affordability issues.

President Trump Announces $12 Billion Bailout for American Farmers Amid Tariff Revenue Use

President Trump Announces $12 Billion Bailout for American Farmers Amid Tariff Revenue Use

President Donald Trump has announced a $12 billion bailout package aimed at supporting American farmers. This announcement was made during an event where President Trump specified that the funds would be sourced from tariff revenue. The bailout is designed to mitigate the financial impact on farmers who have been adversely affected by the ongoing trade tensions and tariffs. The agricultural sector has been one of the hardest hit by the tariffs, which have disrupted traditional trade flows and market access. This financial aid is intended to provide relief to farmers facing economic challenges due to these trade policies.