Trump Says He'll Reduce 50-Day Truce Deadline He Gave Putin
'I'm disappointed in President Putin, very disappointed in him. So we're going to have to look and I'm going to reduce that 50 days that I gave him to a lesser number,' Trump told reporters in Scotland on Monday as he welcomed UK Prime Minister Keir Starmer for a meeting.
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Yahoo
37 minutes ago
- Yahoo
White House defends firing of jobs official
White House economic advisers have on defended President Donald Trump's firing of the head of the Bureau of Labor Statistics, rejecting criticism it could undermine confidence in official US economic data. Trump had BLS Commissioner Erika McEntarfer sacked on Friday, despite no evidence of any wrongdoing, after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform, alleged that the figures were "RIGGED in order to make the Republicans, and ME, look bad". Trump again criticised McEntarfer on Sunday, saying he would name a new commissioner in the next three or four days. US Trade Representative Jamieson Greer told CBS that Trump had "real concerns" about the BLS data, while Kevin Hassett, director of the National Economic Council, said the president "is right to call for new leadership". Hassett said on Fox News Sunday the main concern was Friday's BLS report of net downward revisions showing 258,000 fewer jobs had been created in May and June than previously reported. Trump accused McEntarfer of faking the jobs numbers, without providing any evidence of data manipulation. The BLS compiles the closely watched employment report as well as consumer and producer price data. The BLS gave no reason for the revised data but noted "monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors". McEntarfer's firing added to growing concerns about the quality of US economic data and came on the heels of a raft of new tariffs on dozens of trading partners, sending global stock markets tumbling as Trump presses ahead with plans to reorder the global economy. Critics, including former leaders of the BLS, slammed Trump's move and called on Congress to investigate McEntarfer's removal, saying it would shake trust in a respected agency. "It undermines credibility," said William Beach, a former BLS commissioner and co-chair of the group Friends of the BLS. "There is no way for a commissioner to rig the jobs numbers," he said on CNN's State of the Union. Former Treasury Secretary Larry Summers also criticised McEntarfer's firing. "This is a preposterous charge. These numbers are put together by teams of literally hundreds of people following detailed procedures that are in manuals," Summers said on ABC's This Week. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
State lawmakers left en masse in a bid to block a GOP map that would tilt the playing field in Republicans' favor.
Dozens of Texas Democratic lawmakers skipped town on Sunday in an extraordinary maneuver seeking to prevent a redistricting attempt pushed by President Donald Trump. By heading out of state, the lawmakers effectively denied the Republican-led state House the quorum needed to conduct business, temporarily halting the effort to redraw congressional maps. A vote on the draft map—which could give five additional seats to the GOP in next year's midterms—had been scheduled for Monday as part of a special session that began on July 21.
Bloomberg
39 minutes ago
- Bloomberg
South Korean President's Approval Rises After US Trade Deal
South Korean President Lee Jae Myung's popularity rose after a last-minute trade deal with the US. Lee's approval climbed to 63.3% from 61.5% last week, according to a Realmeter survey released Monday. The survey was commissioned by a local newspaper and conducted between July 28 and August 1.
