News That Matters

Tag: Trump

Former Trump aide to invest in Weinstein firm

Former Trump aide to invest in Weinstein firm

Entertainment
One of Donald Trump's closest confidantes has thrown a lifeline to the scandal-hit Weinstein entertainment empire, amid signs it could be up for sale.The Weinstein Company has confirmed it has entered an agreement with Colony Capital, a private equity firm run by Tom Barrack.Colony will inject cash into the company while discussions continue over it buying all or part of the Weinstein firm.:: UK police investigating five Weinstein sex assault claims:: Corden sorry for Weinstein jokesThe torrent of accusations against Harvey Weinstein had raised questions about the future of the company he founded.On Friday, his brother Bob denied suggestions the company would be closed or sold, saying it was "business as usual".:: The Accusers:Lina Esco, ActressShe says Weinstein told her: "I think we shou...
President Trump just claimed stock market gains actually offset national debt. They don't

President Trump just claimed stock market gains actually offset national debt. They don't

Finance
President Donald Trump on Wednesday said that, "in a sense," gains made by private financial markets reduce the national debt. The claim is incorrect on its face, but it does point to how the president views the economic interplay between the federal government and Wall Street."The country — we took it over and owed over $ 20 trillion," Trump said in an interview on Fox News, referring to the total national debt, which has hovered near $ 20 trillion since early 2016."As you know, the last eight years, [the federal government] borrowed more than it did in the whole history of our country," Trump said. "So they borrowed more than $ 10 trillion, right? And yet we picked up $ 5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months, in terms o
Trump slams Puerto Rico mayor, says 'they' want everything 'done for them'

Trump slams Puerto Rico mayor, says 'they' want everything 'done for them'

World
President Donald Trump slammed the mayor of Puerto Rico's capital city for "poor leadership" a day after the mayor criticized a Trump administration official's positive assessment of the situation in the hurricane-ravaged U.S. territory. Trump also suggested politics lay at the heart of the critical comments by San Juan Mayor Carmen Yulín Cruz, claiming that she has "been told by the Democrats that you must be nasty to Trump." He suggested officials or people on the island -- it is not clear exactly who the president is referring to -- are not doing enough themselves to recover from the crisis left by Hurricane Maria, that "they want everything to be done for them." Later in the afternoon, Trump tweeted about conversations he had with U.S. Virgin Islands Governor Kenneth Mapp, and twee
Trump says he will make Fed chair decision in the next 2 to 3 weeks

Trump says he will make Fed chair decision in the next 2 to 3 weeks

Finance
An announcement on who will lead Federal Reserve in 2018 and beyond could come in the next few weeks, President Donald Trump said Friday.The announcement comes amid reports that the president has interviewed former Fed Governor Kevin Warsh and current Governor Jerome "Jay" Powell in recent days."We've had four meetings for Fed chairman, and I'll be making a decision over the next two or three weeks," Trump told reporters at an impromptu afternoon question-and-answer session.Current Chair Janet Yellen will see her term expire in February and has been circumspect about her future. She said last week that she has met with Trump only once since he has taken office and is committed to focusing on the job at hand and not her future.Trump was critical of Yellen during the 2016 presidential campai...
Trump unhappy with top health official over travel

Trump unhappy with top health official over travel

Health
President Donald Trump declared Wednesday that he's "not happy" with his top health official, putting Tom Price's job in jeopardy after his costly charter flights triggered a congressional investigation of administration travel. Asked whether he's planning on firing Price, Trump responded: "We'll see." A former GOP congressman from Georgia, Price played a supporting role in the fruitless Republican effort to repeal Barack Obama's health care law, which has been another source of frustration for the president. Price is known as a conservative policy expert, but his penchant for taking private charter aircraft on the taxpayer's dime is creating new headaches for the White House. Late in the day, Price's office said he's heard the criticism and has taken it to heart. There was no indication ...