Thursday, September 18

Tag: US POLITICS

Russia attacks Ukraine’s energy supplies as US cuts its access to satellite images

Russia attacked Ukrainian energy facilities with dozens of missiles and drones during the night, officials said, hobbling the country's ability to deliver heat and light to its citizens and to power weapons factories vital to its defences. The overnight barrage — which also pounded residences and wounded at least 10 people — came days after the US suspended military aid and intelligence to Ukraine to pressure it into accepting a peace deal being pushed by the Trump administration. Without US intelligence, Ukraine's ability to strike inside Russia and defend itself from bombardment is significantly diminished. The US government said it halted Ukrainian access to unclassified satellite images that had been used to help it fight back against Russia. Firefighters put out t...

European leaders pledge to stand by Ukraine after confrontational Oval Office meeting with Trump

European leaders pledged to stand by Ukraine in the wake of the contentious Oval Office meeting between US President Donald Trump, Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy, with their statements in support of their neighbor on the continent ensuring a deepening transatlantic rift. European leaders already were shaken by Vance's speech to the Munich Security Conference two weeks ago in which he lectured them about the state of their democracy. As prime ministers and presidents across the continent scrambled to respond, they have held a series of emergency summits to discuss security. Another major summit is scheduled for Sunday in London, hosted by UK Prime Minister Keir Starmer. More than a dozen European and EU leaders, including Zelenskyy, will gath...

Mitch McConnell won’t seek reelection in 2026, ending long tenure as Republican power broker

Republican Senator Mitch McConnell is announcing he won't seek reelection next year, ending a decades-long tenure as a power broker who championed conservative causes but ultimately ceded ground to the fierce GOP populism of US President Donald Trump. McConnell, the longest-serving Senate party leader in US history, chose his 83rd birthday to share his decision not to run for another term in Kentucky and to retire when his current term ends. He informed The Associated Press of his decision before he was set to address colleagues in a speech on the Senate floor on Thursday (Friday AEDT). His announcement begins the epilogue of a storied career as a master strategist, one in which he helped forge a conservative Supreme Court and steered the Senate through tax cuts, presidential i...

Elon Musk is checking on US gold supply at Fort Knox. Here’s what we know about one of the world’s most secure buildings

US President Donald Trump says Elon Musk will be looking at Fort Knox, the legendary depository in Kentucky for American gold reserves, to make sure the gold is still there. Treasury Secretary Scott Bessent says there is an audit every year and that "all the gold is present and accounted for". The United States Bullion Depository at Fort Knox has stored precious metal bullion reserves for the United States since 1937 and has become synonymous for secure and well protected. The United States Depository for gold reserves stands in Fort Knox, Kentucky, in 1974. (AP) Along with protecting gold reserves, Fort Knox is currently also used as the US Army's human resources command centre, and it hosts the Army's largest annual training event each summer. Fort Knox his...

What do Trump’s executive orders say on tariffs and how would they work?

With a trio of executive orders, US President Donald Trump has almost instantly thrown the world economy and his own goal of cutting inflation into turmoil. His tariffs against Canada and Mexico in order to stop illegal immigration and the illicit fentanyl trade led to retaliatory taxes by both countries on US imports. He placed an additional 10 per cent tariff on imports from China with the stated goal of stopping the production of fentanyl. A trade war is looming between the US, Canada, and Mexico. (AP) But on a deeper level, Trump suddenly hit the US economy with tax increases that, if sustained, could total more than US$1 trillion ($1.61 trillion) in 10 years. He did so without congressional approval and by his own acknowledgement at the perilous chance of ...

Trump’s tariffs are a $2.25 trillion gamble with the economy and prices

US President Donald Trump is on the verge of hitting America's three biggest trading partners with sweeping tariffs, a far more aggressive use of his favourite economic weapon than anything he did during his first term. The looming import taxes on Mexico, Canada and China will be a major test of Trump's unorthodox use of tariffs, which he's described as "the greatest thing ever invented". It's an enormous gamble, arguably a bigger one than any economic policy Trump enacted during his four-plus years in the White House. And this strategy has the potential to upend the thing many voters care about the most: the economy and the cost of living. President Donald Trump arrives at Palm Beach International Airport in West Palm Beach, Florida, on Friday. (AP Photo/Ben Curtis) ...
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