Category: fox-business/politics/white-house

Trump weighs White House advisory role for Elon Musk: report

Former President Trump is considering offering billionaire Elon Musk an advisory role in the White House if Trump reclaims the presidency in this fall’s election, according to a report. The Wall Street Journal reported, citing people familiar with the talks, that Trump and Musk have discussed a role that would give the Tesla CEO a formal opportunity to provide input and have influence over border…

Comer announces new subpoena in Biden family probe

House Committee on Oversight Chairman Rep. James Comer, R-Ky., announced a new legislative motion that aims to unveil financial information related to the Biden family. “This morning, I issued a subpoena for targeted financial information from a certain financial institution related to Jim Biden, Sarah Biden and Hunter Biden. This is a result of many of the documents that Devin Archer turned over,” Comer said…

Biden touts lead pipe replacement efforts in North Carolina

President Joe Biden traveled to Wilmington, North Carolina, on Thursday to tout the administration’s water infrastructure investments in a key swing state as the election season draws nearer. Biden focused the majority of his remarks on efforts to replace lead water pipes that remain in use around the country despite health concerns associated with lead leaking into drinking water. Funding to address the issue was…

Biden issues new rule to crack down on bad retirement advice

The Biden administration on Tuesday finalized a new rule to crack down on retirement advice given by financial professionals, a move that has already drawn fierce backlash from Wall Street. The Labor Department regulation aims to ensure that financial advisers, brokers and insurance agents work in the best interests of their clients. It purports to do so by broadening the scope of when these individuals…

White House to announce $75B student debt cancelation to give ‘breathing room,’ takes dig at House GOP

The White House on Friday will announce that it’s canceling an additional $75 billion in debt as part of the Biden administration’s most recent attempt at widespread student loan forgiveness ahead of the election. “Our administration is working as quickly as possible to be ready once the proposed rules are finalized, to start implementing some of them as early as this fall,” White House Press…

White House invites Tim Cook, Jeff Bezos to state dinner despite DOJ lawsuits against Apple, Amazon

The White House’s state dinner on Wednesday included a list of bigwig names in business, sports, politics and entertainment.  Among the list of attendees was Amazon CEO Jeff Bezos and Apple CEO Tim Cook. Their attendance was notable given that both Amazon and Apple have been the subject of lawsuits from the federal government.  Last month, the Department of Justice (DOJ) sued Apple over allegations…

Biden claims inflation was ‘skyrocketing’ when he took office, despite data showing opposite

President Biden asserted on Wednesday that inflation was surging when he took office in January 2021, despite federal data showing the opposite. Biden’s comments came shortly after the latest Consumer Price Index reading was released, showing annual inflation accelerated faster than expected for a third straight month in March. In response to a question about inflation remaining high, he noted that the rate of price…

Biden accused of failing to disclose vacations gifted to him by wealthy supporters

FIRST ON FOX: A conservative watchdog group is accusing President Biden of possible violations of federal financial disclosure laws related to lavish vacations he took at the homes of wealthy businessmen and Democratic donors.  Russ Vought, president of the Center for Renewing America, is asking the Department of Justice to investigate Biden for alleged “serious ethical lapses” in failing to disclose free vacations that do…

RFK’s running mate is Google co-founder’s ex: Who is she?

Robert F. Kennedy, Jr. on Tuesday named attorney Nicole Shanahan, who was previously married to Google co-founder Sergey Brin, as his vice presidential pick for his independent presidential campaign. The Wall Street Journal first reported that Kennedy would name Shanahan as his running mate at a rally in Oakland, California. Shanahan grew up in Oakland, making it a likely location for Kennedy’s announcement given her…