Category: fox-business/person/donald-trump

Cruz, GOP senators double down on anti-central bank digital currency legislation

EXCLUSIVE: Senate Republicans are determined to restrict the Federal Reserve’s ability to create a so-called central bank digital currency, setting the stage for making the debut of a digital dollar an issue for the 2024 presidential campaign, FOX Business has learned. Conservative lawmakers have been doubling down on their opposition to a central bank digital currency (CBDC), arguing the federal government could weaponize the technology…

Former Obama fundraiser tells Dems to ‘turn the page’ on Biden, says law was ‘weaponized’ against Trump

A former Obama fundraiser told FOX Business the Democratic Party should move on from President Biden, while also taking issue with a major New York court ruling against former President Trump. Miami Beach-based real estate developer Don Peebles, who remains good friends with former President Barack Obama, said many Democrats were also led to believe Kamala Harris was to be an understudy of a “transitional”…

Trump assets, including NYC tower, could be on the chopping block to pay massive $355M civil fraud ruling

As a 30-day deadline looms for former President Donald Trump to fork over $355 million in a civil fraud trial, several of his multi-million assets could be on the chopping block to pay off the fine.  These assets would presumably include buildings owned by the Trump Organization such as the iconic Trump Tower, Trump Park Ave, 1290 Avenue of the Americas, 40 Wall Street, the…

Looming legal penalties raise questions about Donald Trump’s finances

Former President Trump is facing hundreds of millions of dollars in looming penalties from civil cases that could challenge the ability of Trump and his organizations to fund the legal judgments against them. A New York judge on Friday ruled that Trump and other defendants in the case committed fraud while building his real estate empire by deceiving banks, insurers and others by overvaluing his…

Trump’s Truth Social media deal clears SEC hurdle worth millions

Former President Donald Trump’s media company, which operates his Truth Social site, has received approval for the merger with a purpose acquisition company called Digital World Acquisition Corp., that would make the website a publicly traded entity and yield millions of dollars.  DWAC said the U.S. Securities & Exchange Commission signed off on its registration statement and that the shareholder vote date would be announced…

Trump says Bud Light ad was ‘mistake of epic proportions’; threatens to release list of ‘woke’ companies

Former President Trump on Tuesday said Bud Light has paid the price for its controversial partnership with a transgender influencer that sent sales for the beer brand tumbling last year, and he also threatened to release a list of “woke” companies.  In a post on Truth Social, Trump called the Bud Light ad featuring TikTok star Dylan Mulvaney a “mistake of epic proportions.” “And for…

Trump slams ‘hopeless’ UAW after Biden endorsement, warns Dems’ ‘insane’ EV push would doom auto workers

Former President Donald Trump offered a stern warning to auto workers supporting Biden in the 2024 race, cautioning that Democrats’ vigorous electric vehicle initiative could someday jeopardize their careers. “If Biden gets elected, you won’t have an auto worker working in the United States. Everything’s going over to China and other countries outside,” he told FOX Business’ Maria Bartiromo in an interview airing Sunday. “This…

Trump-era tax cuts poised to expire soon, meaning you could face steeper taxes

Millions of Americans could soon face steeper tax bills when massive components of the Tax Cuts and Jobs Act expire at the end of 2025. Enacted by former President Trump in 2017, the law drastically overhauled the nation’s tax code, including reducing the top individual income tax bracket to 37% from 39.6% and nearly doubling the size of the standard deduction. However, those changes to…

Working class will vote for Biden over Trump, UAW president argues

The president of the United Auto Workers (UAW) claimed Sunday that an overwhelming majority of working-class Americans will side with “the truth” and support President Biden over former President Trump for the White House in 2024, UAW President Shawn Fain made the argument during an appearance on CBS’s “Face the Nation” that union members and the working class at large will side with Biden because…

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