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Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. The value of the world's biggest cryptocurrency, bitcoin, was up around 5% at 1:40 p.m. London time, to $62,781.48, according to CoinGecko. The rally follows the dramatic failed assassination attempt on former President Trump on Saturday. Investors said over the weekend they expected so-called "Trump victory trades" to receive a boost. The Trump campaign began accepting donations from the crypto industry in May and his messaging has become increasingly positive on the future of such digital assets.
Persons: Bitcoin, Donald Trump, Trump, Reagan, Ben Emons, Trump's favorability, Zach Pandl, Sen, Elizabeth Warren Organizations: U.S, FedWatch Advisors, Investors, Trump, CNBC, Republican Locations: London
There is no place in America for this kind of violence — for any violence ever, period. “I’m sincerely grateful that he’s doing well and recovering,” Mr. Biden said. And the White House said that Mr. Biden would keep his campaign events in Las Vegas. Mr. Biden will speak at an NAACP conference on Tuesday and a UnidosUS conference on Wednesday, even as Mr. Trump and his party hold the Republican convention in Milwaukee. In both sets of remarks on Sunday, Mr. Biden made a plea that — if recent history is any guide — seemed unlikely to be heeded by activists on either side of the nation’s increasingly bitter divide.
Persons: Biden’s, Donald J, Trump, Let’s, Biden, , , , Rutherford B, Hayes, Lester Holt, Trump’s, “ I’m, he’s, ” Mr, “ Jill, That’s, Kamala Harris, General Merrick B, Garland, Mr, Lyndon Baines Johnson, Harris, Holt, Nicholas Nehamas Organizations: Republican National Convention, Resolute, Republicans, Trump, Democratic, NBC, Democratic National Committee, Mr, Service, Republican, White, NAACP Locations: American, America, United States of America, Milwaukee, Butler County, Pa, Austin , Texas, Palm Beach County, Fla, Austin, Las Vegas
Mr. Trump was rushed off the stage, blood visible around his right ear. The Secret Service said its personnel had killed the shooter. Secret Service agents then rushed Mr. Trump off the stage. Mr. Trump had been showing supporters a chart about the number of border crossings just minutes into his speech when the shots rang out. President Biden, in a nationally televised statement, expressed gratitude that Mr. Trump had been swiftly evacuated and said “There’s no place in America for this kind of violence.” He later spoke to Mr. Trump, according to the White House.
Persons: Donald J, Trump, Mr, Donald Trump, ” Kevin Rojek, Thomas Matthew Crooks, , , we’ve, Doug Mills, , Michael T, Sheriff Slupe, Dan Laurent, Biden, Barack Obama, Mitch McConnell, Benjamin Netanyahu, Israel, Keir Starmer Organizations: Secret, Service, Federal Bureau of, Police Department, The New York Times, Rally Former, Secret Service, , U.S.A, Credit, New York Times, Republican National Committee, Republican, of Alcohol, Tobacco, Firearms, Explosives, Allegheny General Hospital, Trump, Democrat, Locations: Butler, Pa, Bethel Park, New Jersey, Milwaukee, Butler County, Allegheny, Pittsburgh, United States, America, Kentucky
CNN —Former President Donald Trump was injured in a shooting during his rally in Butler, Pennsylvania, Saturday evening, in what the FBI says was an assassination attempt. Go around to the spare.” (“Spare” refers to a spare limousine.) Male agent 2: “Hawkeye’s here.” (“Hawkeye” is the code name for the counter assault team.) Male agent 2: “Sir, we’ve got to move to the car, sir.” 6:12:42 p.m. Trump: “Let me get my shoes.” 6:12:43 p.m. Trump campaign deputy communications director Margo Martin posts a video of Trump disembarking from a plane in Newark, writing on X: “Strong and resilient.
Persons: Donald Trump, Trump, Butler —, Butler, “ He’s, He’s, , indistinctly, , Let’s, Brendan McDermid, Evan Vucci, Anna Moneymaker, we’ve, Josh Shapiro, Margo Martin Organizations: CNN, Republican National Convention, Republican Party, Trump, Secret Service, Trump’s, Memorial Hospital, CNN Pennsylvania, America Locations: Butler , Pennsylvania, Milwaukee, Newark , New Jersey, Pittsburgh, Evans, Butler, Newark
President Joe Biden on Sunday said that he has ordered an independent investigation into the security for the rally where a shooter attempted to assassinate former President Donald Trump. "I've directed an independent review of the national security of yesterday's rally, and we will share the results of that independent review as well," he said on Sunday afternoon. There will also be a review of the security plan for the Republican National Convention, which begins in Milwaukee on Monday. Both the Trump campaign and the Republican National Committee have said that the party's major event will still go on as planned. The president also extended his condolences to Corey Comperatore, who was killed while shielding his family after shots rang out at the Trump rally.
Persons: Joe Biden, Donald Trump, I've, Biden, Trump, I'm, Jill, Corey Comperatore Organizations: Sunday, Business, Secret Service, Republican National Convention, Republican National Committee, Trump Locations: Milwaukee
“I will Never Surrender!” Mr. Trump wrote in a text message to supporters. And Mr. Trump is preparing to name his running mate and formally claim his party’s nomination for the third consecutive election. Vance of Ohio, who is on the shortlist of candidates that Mr. Trump is considering as a running mate, wrote on X. “An assassination attempt is contrary to everything we stand for as a nation,” Mr. Biden said. Mr. Trump had assured Malphine Fogel, who lives in Butler County, that he would help get her son home.
Persons: Donald J, Trump’s, Trump, Biden’s, Biden, , Mr, , Susie Wiles, Chris LaCivita, LaCivita, Doug Mills, Ronald Reagan, Melania Trump, Douglas Brinkley, Butler, ” Mr, Brinkley, “ Trump, Dan Crenshaw, Lara Trump, Kenny Holston, Donald Trump, J.D, Vance of Ohio, Lester Holt, Pramila Jayapal, Eric Lee, Nancy Pelosi, Gabby Giffords, Steve Scalise, “ It’s, Scalise, Mike Johnson, ” “ We’ve, Johnson, Christine Toretti, committeewoman, gee, Ms, Toretti, Malphine Fogel, Mike Kelly, ” Reid J, Epstein, Lisa Lerer Organizations: White, Republican National Convention, Trump, Washington, Republicans, New York Times, Rice University, , Republican, Republican National Committee, Trump . Federal, NBC, Congressional Progressive Caucus, Mr, Capitol, Arizona Democrat, Fox News, Louisiana Republican, Homeland Security, Pennsylvania Republican Locations: Pennsylvania, Delaware, New Jersey, Milwaukee, West Palm Beach, “ America, Butler , Pennsylvania, Texas, Trump ., America, Washington, San Francisco, Arizona, Louisiana, Butler County
New York CNN —US stock futures barely budged after an assassination attempt on former President Donald Trump on Saturday, signaling calm in the markets as Trump survived the incident. Dow futures rose 65 points, or 0.2%, while S&P 500 futures rose 0.1% and Nasdaq Composite futures were unchanged. On Saturday, the former president was shot in the ear during his rally in Butler, Pennsylvania, in what the FBI says was an assassination attempt. Markets crave stability, and an assassination attempt against the presumptive nominee might have thrown that into chaos. But Trump appears to have escaped with mostly superficial injuries, and the market’s thesis of the race hasn’t changed: Trump remains the frontrunner to become the next president.
Persons: Donald Trump, Trump, Joe Biden, Morgan Stanley, Goldman Sachs Organizations: New, New York CNN, Dow, Nasdaq, Trump, Republican National Convention, GOP, Republican, CNN, BlackRock Locations: New York, Butler , Pennsylvania, Milwaukee
The Biden campaign said it's pausing "outbound communications" after a shooting at a Trump rally. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden will be pausing campaign communications following a shooting incident at a Donald Trump campaign rally on Saturday. "The Biden campaign is pausing all outbound communications and working to pull down our television ads as quickly as possible," a Biden campaign official told Business Insider in a statement. This story is available exclusively to Business Insider subscribers.
Persons: Biden, Trump, , Joe Biden, Donald Trump Organizations: Biden, Trump, Service, Business
CNN —A local police officer saw the gunman on the rooftop during former President Donald Trump’s Pennsylvania rally on Saturday but was unable to engage him, Butler County Sheriff Michael T. Slupe told CNN’s Pamela Brown on Sunday. Slupe said that Butler Township officers received calls about a suspicious person outside the perimeter of the rally and went looking to find that person. The initial calls did not indicate the suspicious person had a gun, he said. During the search for the suspicious person, officers with township police discovered that the gunman was on the roof, and one local officer hoisted another to get up to the ledge. Had he known there were any threats of a gunman, Slupe said, he would have done “everything to stop him (Trump) from coming out.”
Persons: Donald Trump’s, Butler County Sheriff Michael T, Slupe, CNN’s Pamela Brown, Trump, ” Slupe, Organizations: CNN, Butler County Sheriff, Trump, intel, Service Locations: Donald Trump’s Pennsylvania, Butler County, Butler
Elon Musk donated an undisclosed amount of money to America PAC, sources told Bloomberg. The billionaire previously said on X that he is not donating money to any candidates. But Musk has been critical of President Joe Biden and has supported right-wing causes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk has donated an undisclosed amount of money to America PAC, a super political action committee working to elect Donald Trump in 2024, sources familiar with the donation told Bloomberg.
Persons: Elon Musk, Joe Biden, , Donald Trump, Trump, Musk Organizations: Elon, America PAC, Bloomberg, Service, Business
Read previewDonald Trump's social media accounts have returned to pre-Capitol riot status. Meta appears to be the final major social media platform to roll back the last of its January 6-era restrictions on Trump's accounts. AdvertisementAfter Elon Musk purchased Twitter, he reinstated Trump's account in November 2022. Though his old social media accounts are now unrestricted and boasting tens of millions of followers, Trump is still primarily sticking with his own company, Truth Social. AdvertisementRepresentatives for the Trump campaign did not immediately respond to a request for comment from Business Insider.
Persons: , Donald, Meta, Trump, Mark Zuckerberg, he's, Elon Musk Organizations: Service, Capitol, Meta, Business, Facebook, Republican, Trump, Google, Twitter, YouTube, Truth, Truth Social, SEC Locations: United States
(Photo by Anna Moneymaker/Getty Images)Former President Donald Trump was rushed off stage by the Secret Service at a Pennsylvania rally on Saturday after loud cracking noises were heard. The Secret Service later said Trump was safe, and Trump's campaign said he was at a "local medical facility." "The Secret Service has implemented protective measures and the former President is safe," Secret Service spokesman Anthony Guglielmi said in a social media post. "This is now an active Secret Service investigation and further information will be released when available." Steven Cheung, the Trump campaign's communications director, said "President Trump thanks law enforcement and first responders for their quick action during this heinous act.
Persons: Donald Trump, Anna Moneymaker, Trump, Anthony Guglielmi, Steven Cheung, Joe Biden Organizations: Secret Service, Service, Trump, White, NBC Locations: Butler , Pennsylvania
Former US President and Republican presidential candidate Donald Trump speaks during a rally in Doral, Florida, on July 9, 2024. Various Trump megadonors are also on the RNC lineup including venture capitalist David Sacks and investors Steve and Zach Witkoff. In total, the RNC will have over 80 speakers rallying support around Trump before the convention culminates in officially designating him the Republican presidential nominee. Notably missing from the RNC speaker list is former First Lady Melania Trump, as well as Trump's daughter and former White House advisor Ivanka Trump. Melania has so far been conspicuously absent from the Trump campaign trail, drawing mockery from President Joe Biden.
Persons: Donald Trump, Trump, frontrunners, frontrunners — Sens, JD Vance, Marco Rubio, Doug Burgum —, Sen, Tim Scott, Vivek Ramaswamy, David Sacks, Steve, Zach Witkoff, Mike Johnson, Tucker Carlson, Amber Rose, Melania Trump, White, Ivanka Trump, Melania, Joe Biden, Eric Trump, Lara Trump Organizations: Republican, Republican National Convention, Capitol Hill, frontrunners —, North Dakota Gov, GOP, RNC, Trump, Senate, Conservative, Republican Party Locations: Doral , Florida, R, Ohio, Savannah, Milwaukee
Republican presidential candidate former President Donald Trump is surrounded by U.S. Secret Service agents at a campaign rally, Saturday, July 13, 2024, in Butler, Pa. Photographers captured former President Donald Trump with thin streaks of blood on his face as he was rushed away by Secret Service members after shots were fired while he was onstage at a campaign rally in Pennsylvania on Saturday. The Trump campaign in a statement Saturday evening said Trump was "fine" and that he is "being checked out at a local medical facility." Here are photos of the incident:
Persons: Donald Trump, Trump Organizations: Secret Service, Pa . Photographers Locations: Butler, Pa, Pennsylvania
“I totally transformed the federal judiciary,” Trump boasted at a summit hosted by the right-wing Moms for Liberty group last summer. “Many presidents never get the opportunity to appoint a Supreme Court justice. But as Trump drives toward a potential second term, one thing is clear: He’s just getting started. (Project 2025 is the policy playbook crafted by the conservative Heritage Foundation for a potential second Trump term.) That intent for vengeance could set the bar for nominations and administration lawyers alike in a second Trump term.
Persons: CNN —, Donald Trump, , ” Trump, Trump, ” Gregg Nunziata, Joe Biden, , Antonin Scalia, Samuel Alito, Clarence Thomas, It’s, Alito, Thomas aren’t, Skye Perryman, it’s, Trump’s, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett –, “ Will, Hugh Hewitt, Mitch McConnell, I’ve, ” McConnell, Wade, Aileen Cannon –, ” Donald B, George H.W, George H.W . Bush, that’s, they’ve, Fox News ’ Sean Hannity, ” Will Chamberlain, Ron DeSantis, John Eastman, “ We’ve, ” Eastman Organizations: CNN, Liberty, Trump, Republican Party, Society, Federalist Society, Democracy, Heritage Foundation, Republican, EPA, Biden, Fox News, III, Florida Gov, Conservatism Conference Locations: , Los Angeles, kilter, Dallas, Trump’s, Florida, George H.W ., Washington
Ambassador to the United Nations Nikki Haley speaks as she announces she is suspending her campaign, in Charleston, South Carolina, U.S., March 6, 2024. Nikki Haley has been invited to speak at the Republican National Convention in Milwaukee next week, according to two sources familiar with the decision, who said details had not yet been finalized. The Republican National Committee, the Trump campaign and Haley's team did not immediately return a request for comment. Chaney Denton, a longtime senior aide to Haley told NBC News at the time that she "was not invited" to the convention and that "she's fine with that." Ron DeSantis, another one of Trump's primary opponents who frequently clashed with the former president, is scheduled to speak at the convention.
Persons: Nikki Haley, Trump, Haley, Chaney Denton, Denton, She's, Ron DeSantis Organizations: U.S, United, Former South Carolina Gov, Republican National Convention, Republican National Committee, United Nations, Trump, Republican, NBC News Locations: Charleston , South Carolina, U.S, Milwaukee, Florida
A majority of economists surveyed by The Wall Street Journal said former President Donald Trump's policies would be more likely to reignite inflation than President Joe Biden's would. Eight of the economists in the WSJ survey said inflation would be worse under Biden than Trump. Meanwhile, the several economists who saw Biden as the bigger inflation threat cited large spending packages. Still, 51% of economists in the WSJ survey estimate that federal deficits will rise more under Trump, who has proposed making his first-term tax cuts permanent. Meanwhile, 22% of economists think the same for Biden, in part citing Democrats' historically higher support for government spending.
Persons: Donald Trump's, Joe Biden's, Trump, Biden, Biden's, Harris, Sarafina Chitika Organizations: Wall Street Journal, Biden, Republican, Trump, Wall Street, Democratic, Capitol, Federal Reserve Locations: China, U.S, Trump
But he's getting some support — and it's coming from Trumpworld. Advertisement"I don't think anyone wants to call this guy at an emergency at 3 o'clock in the morning but you know, he did an hour. It's almost an hour," Trump Jr. said midway through Biden's press conference. I don't think it was a great job by any means, but I think it's a big one," he said near the end of the podcast. The Trump campaign had already expressed its preference for Biden as a candidate even before Biden's disastrous debate on June 27.
Persons: , Joe Biden, he's, Donald Trump, Biden, Donald Trump Jr, Trump's, Don Jr, Trump, Will Biden, tonight’s presser, Kari Lake @KariLake, SCVTUQbMSc, DxZoiZys83 — Donald Trump Jr, Jonathan Swan, Swan, Politico, Susie Wiles, Tim Alberta, TRUMP, he'll, Nancy Pelosi, haven't, Pelosi, Joe, Biden didn't Organizations: Service, Biden, Business, Trump Jr, New York Times, Democratic Party, Trump, — Trump, Democrats, Democratic, BI Locations: Trumpworld, Trump, Florida
In addition to people who worked directly for Trump, others who participated in Project 2025 were appointed by the former president to independent positions. Several people involved in Project 2025 didn’t serve in the Trump administration but were influential in shaping his first term. Both Trump and Project 2025 have called for eliminating the Department of Education. Vast network of Trump alliesHowever, Trump’s attempts to distance himself from Project 2025 have already encountered credibility challenges. Shortly after Trump’s Truth Social post last week, Democrats noted a recruitment video for Project 2025 features a Trump campaign spokeswoman.
Persons: Donald Trump, , Trump, Mark Meadows, Stephen Miller, Jay Sekulow, Cleta Mitchell, John Eastman, Brendan Carr, Lisa Correnti, Brett Tolman, Charles Kushner, Trump’s, Tolman, Joe Biden, Danielle Alvarez, “ Team Biden, ” Alvarez, Kevin Roberts, Roberts, , Susie Wiles, Chris LaCivita, Paul Dans, Biden, Miller, Russ Vought, Ben Carson, Christopher Miller, John Ratcliffe, Steven Bradbury, Patrick Pizzella –, Mark Morgan, Tom Homan –, , Kathy Nuebel Kovarik, Ken Cuccinelli, Peter Navarro, Michael Pack, Frank Wuco, Barack Obama’s, David Legates, Mari Stull, President’s, ” Roberts Organizations: CNN, Republican, White, Trump, Heritage Foundation, Mandate, Leadership, Federal Communications, United Nations Commission, Republican Party, “ Team, Democratic, Committee, Heritage, American, Foundation, Department of Education, Affordable, National Weather Service, Trump Administration, America, Center, Management, “ Mandate, Leadership ”, Urban, National Intelligence, Labor, Customs, Border Protection, Immigration, of Homeland Security, US Agency for Global Media, NOAA, State Department, ” “ Conservatives Locations: Trump, Washington, Texas , Alabama, Mississippi, America
Mr. Trump has been a vocal supporter of Mr. Orban’s, and the meeting comes after a series of others by the Hungarian leader this month, including one with President Vladimir V. Putin of Russia, that caught many by surprise. Hungary took over the European Union’s rotating presidency at the start of July with the promise to “make Europe great again” — echoing the “Make America Great Again” slogan of Mr. Trump, whom Mr. Orban has endorsed for the U.S. presidency. Mr. Trump, who has a history of praising authoritarian leaders, often cites Mr. Orban’s support on the campaign trail. The two men met in March at Mar-a-Lago, Mr. Trump’s private club and residence in Florida, where Mr. Trump lauded Mr. Orban as a “boss” because he did not brook political dissent. presidency is largely a clerical position, Mr. Orban has engaged in a flurry of meetings with world leaders since taking over the position.
Persons: Viktor Orban, Donald J, Trump, Orban’s, Vladimir V, Putin, , Mr, Orban Organizations: Trump, NATO, U.S, Mr Locations: Hungary, Florida, Washington, Hungarian, Russia, Europe, Mar
CNN —As President Joe Biden took on his critics in Washington, Vice President Kamala Harris made the case to their allies around the country. She told Black voters at Essence Fest that 2024 is the “most significant election of our lifetime” over the weekend. “As President Biden has said, he counts on Vice President Harris’ advice and counsel,” Harris press secretary Ernesto Apreza said in a statement. In March, Harris became the first sitting vice president to visit an abortion clinic. We have a president and a vice president who are doing a good job, and I don’t expect those nominees to change.”
Persons: Joe Biden, Kamala Harris, Donald Trump, ” Harris, , Biden, Harris, you’ve, LaTosha Brown, Harris’s, Dennisa Thomas, , Trump, “ Kamala Harris, Joe Biden’s, she’s, Ohio Republican Sen, J.D, Vance, Harris vouching, , Adrianne, Harris ’, Ernesto Apreza, , Roy Cooper, Biden’s, First Lady Jill Biden, ” Cooper, “ Joe Biden Organizations: CNN, Black, Essence, Dallas Wednesday, Alpha Kappa Alpha, Democratic, Trump, Republican, Pacific Islander American, Washington Post, ABC, Biden, The Associated Press, don’t, Ohio Republican, Democratic Party loyalists, , Greensboro’s Dudley High School, Democratic Gov Locations: Washington, Nevada, Dallas, California, Pennsylvania, Kansas City , Missouri, Ohio, Adrianne Shropshire, Mexico, Central America, North Carolina, Guilford County, Biden’s Raleigh, Wilmington, America
Then, he added, in a clearly insincere display of sympathy toward Mr. Biden, “it’s a shame the way they’re treating him. After talking about his proposal to remove taxes on tips for hospitality workers, he urged Mr. Rubio to vote for it. Mr. Rubio had so far this year appeared infrequently on the campaign trail with Mr. Trump. Instead, Mr. Rubio used his time to echo Mr. Trump’s mocking of Mr. Biden’s debate performance and his frequent attacks that Mr. Biden was not mentally fit to lead the country. Richard Siu, 57, said he liked the idea of Mr. Rubio as Mr. Trump’s running mate.
Persons: Donald J, Trump, Kamala Harris, Biden’s likeliest, Biden, Biden’s, ” Mr, Mr, , He’s, Harris, Laffin, Kamala ” —, Ms, Joe, Biden “, Trump tauntingly, Trump’s, , “ Joe Biden doesn’t, Donald Trump’s, he’s, ” James Singer, “ Donald Trump, , Harris’s, Hannibal Lecter, Marco Rubio, Rubio, Marco, ” David Kim, Richard Siu, Siu, Simon J, Levien Organizations: Trump, United, Democratic, Mr, Republican National Convention, Advisers, Americans Locations: Florida, Doral, Fla, Miami, U.S, United States, America, Milwaukee, Marco Rubio of Florida, Spanish
Trump has been lasering in on Vice President Kamala Harris in the weeks following Biden's stumbling performance at their debate on June 27. "I got him out the race, and that means we have Kamala," Trump said in the clip. "Respects to our potentially new Democrat Challenger, Laffin' Kamala Harris," Trump said, using a new nickname for the vice president. AdvertisementIn fact, "Laffin' Kamala Harris" isn't the only nickname he's coined for her. Trump has applied his penchant for name-calling to his Democratic rivals too, dubbing Hillary Clinton "Crooked Hillary" and Joe Biden "Sleepy Joe."
Persons: , Joe Biden, Donald Trump doesn't, Trump, Kamala Harris, Harris, Biden, Kamala, Laffin, he's, Crooked Joe Biden, Chris LaCivita, Susie Wiles, Joe, Copilot Kamala Harris, Marco Rubio, Ted Cruz, Marco, Lyin, Ted, Ron DeSantis, Ron DeSanctimonious, Hillary Clinton, Hillary, Sleepy Joe Organizations: Service, Democratic, Business, Democrat Challenger, Biden, Washington Post, BI Locations: Iowa, Florida, California, United States
CNN —Christina Bobb, the indicted RNC official and former One America News host, is dodging a deposition in a 2020-related defamation lawsuit, according to Dominion Voting Systems, which is battling her in court. Lawyers for Dominion said a filing Monday that Bobb’s lawyers didn’t answer their emails in March and May when they tried to schedule Bobb’s deposition. After then-President Donald Trump lost the 2020 election, Bobb used her on-air role at OAN to repeatedly promote baseless conspiracy theories about the results being rigged, including by Dominion software. After a shakeup at the RNC earlier this year, Bobb and other Trump loyalists assumed top leadership posts, with Bobb focusing on so-called “election integrity” efforts. These efforts include new lawsuits aimed at tightening the rules regarding mail-in ballots and restricting the availability of ballot drop boxes.
Persons: Christina Bobb, Bobb, , Thomas Jacobs, “ Bobb, Dominion’s, Donald Trump, Trump Organizations: CNN, RNC, America News, Voting Systems, Trump, Dominion Locations: Arizona
Read previewNobel Prize-winning economist Joseph Stiglitz told Business Insider in a June interview the US economy is "remarkably strong." "I think general consensus, not just my view, but almost anybody modeling what is going on would say the Trump administration would be more inflationary," Stiglitz told BI. Related storiesStiglitz noted Trump's promise of large increases in tariffs as one of the things that could make inflation worse. A third factor that could juice inflation would be the "drastic reductions in immigration" that Trump has proposed, Stiglitz said. AdvertisementOutside of the risks to inflation, Stiglitz said a Trump presidency could also mean a slowing GDP.
Persons: , Joseph Stiglitz, Stiglitz, Trump, Axios, Trump's, Karoline Leavitt Organizations: Service, Democratic, Republican, Business, Republican National Committee, Trump, U.S, Republicans, CNN Locations: U.S
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