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The 119th United States Congress began at 12 p.m. EST on January 3, 2025, following the adjournment of the 118th Congress. [8] Leading up to an election to elect the speaker of the House, incumbent representative Mike Johnson of Louisiana's bid appeared uncertain amid opposition from the Freedom Caucus despite an endorsement from Trump. [9]
The United States government imposes a new series of sanctions targeting Russia's energy sector, including the Gazprom Neft and Surgutneftegas oil companies. [38] United States authorities announce an increased $25 million reward for information leading to the arrest of Venezuelan president Nicolás Maduro. [39]
Policies around government spending, taxation, and trade relations influence the prices of goods and services. President-elect Donald Trump will return... Financial Experts’ 2025 Predictions for ...
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
“Real GDP is likely to grow at a healthy 2% rate in 2025 with unemployment stable in the relatively low 4.2%-4.3% range,” said David Kass, clinical professor of finance at the University of ...
A clash between Donald Trump and the Fed could develop in 2025 if the Fed pulls back on any expected interest rate cuts due to elevated inflation. Some economists expect Trump's policies to make ...
Republican Michael Waltz resigned on January 20, 2025, to become Trump's National Security Advisor. [6] Governor Ron DeSantis called the election for April 1, 2025, with nominating primaries to be held on January 28.
Here are a few predictions about 2025 salaries and unemployment based on whether Biden or Trump is the next President of the United States: Economic Predictions for 2025 Under Joe Biden