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Trump blames Biden as inflation stalls amid tariffs rollout; Senate to vote on Tulsi Gabbard nomination: Live updates

Donald Trump on Gaza: ‘We don’t need to buy it. We’re going to take it’

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Donald Trump blamed his predecessor for today’s hotter-than-anticipated inflation reading, which added to concerns that the Federal Reserve would not soon cut interest rates. Trading on Wall Street opened sharply lower on Wednesday.

He posted on Truth Social: “BIDEN INFLATION UP!”

Concerns about inflation have increased as the president rolls out tariffs on aluminum and steel, with more to follow. American consumers have been warned to expect higher prices for groceries and gas.

On Tuesday, Trump celebrated the return home of Pennsylvania teacher Marc Fogel after he was released from a Russian jail cell and trailed a possible second American prisoner’s release.

The president also signed an executive order granting Elon Musk more power toDOGE) in slashing staff numbers and severely limiting replacements.

Musk appeared with Trump in the Oval Office in an attempt to allay concerns about his role.

Meanwhile, the Senate will vote later this morning on Tulsi Gabbard’s nomination to be Trump’s director of national intelligence. Though a controversial pick, the former Democrat is expected to be confirmed for the role.

Marjorie Taylor Greene’s DOGE subcommittee gets underway

Chair of the Subcommittee on Delivering On Government Efficiency (DOGE) U.S. Rep. Marjorie Taylor Greene (R-SC) (C) and Ranking Member Rep. Melanie Stansbury (D-MN) (L) preside over a hearing of the House Oversight Subcommittee in the Rayburn House Office Building on February 12, 2025 (Getty Images)

Georgia Rep. Marjorie Taylor Greene’s House subcommittee on the Department of Government Efficiency got down to work this morning on Capitol Hill.

The Georgia Republican described excessive federal spending as an existential threat and said “the American people are in debt slavery to everyone who owns our debt.”

Greene said the federal government needs to be held accountable — otherwise, there are “no consequences” for bad financial management or poor service to citizens.

Watch Rep Greene’s opening statement here:

Rep. Melanie Stansbury, a Maryland Democrat and the subcommittee’s ranking member, said the president’s firing of agency inspectors suggests he’s not interested in addressing waste and fraud. “We have to ask ourselves, what is really going on here?” she said.

Stansbury also said it was wrong to let “Elon Musk and his hackers” gain access to sensitive databases like the U.S. Treasury payment system.

With reporting from the AP

Oliver O’Connell12 February 2025 16:05

USAID inspector fired after revealing food aid about to spoil amid Trump funding freeze

Paul Martin, who had been appointed inspector general for the agency by former president Joe Biden in 2023, was informed by email from the Office of Presidential Personnel that his position was terminated “effective immediately.”

Ariana Baio has the story.

Oliver O’Connell12 February 2025 15:58

Fox News host sparks outrage for saying ‘uneducated’ Palestinians are a ‘threat’ because of ‘explosive’ birthrate

Justin Baragona reports on the moment.

Oliver O’Connell12 February 2025 15:40

Fired inspector generals sue Trump administration to restore their jobs

A group of eight government watchdogs at various agencies who were fired by the Trump administration want a judge to restore their jobs.

In the lawsuit, the independent inspectors general of government agencies say they play a critical, nonpartisan role in overseeing trillions of dollars in federal spending and the conduct of millions of federal employees.

Congress was not given the legally required 30-day notices about the removals, something that even a top Republican decried.

President Donald Trump has said he would put new “good people” in the roles.

Oliver O’Connell12 February 2025 15:20

Aid organization says Trump administration ‘accelerated’ cutting off USAID contracts after lawsuit

Global Health Council, a global aid organization, sued the Trump administration yesterday.

The group nows the Trump administration “accelerated” cutting off USAID contracts, “and may be doing so specifically in response to this lawsuit and the pending motion. ”

They have now filed a motion for a temporary restraining order.

Alex Woodward12 February 2025 15:17

Egyptian president to skip White House visit over Trump’s Gaza plan

Egyptian President Abdel Fattah al-Sisi will not travel to Washington for talks at the White House as long as the agenda includes President Donald Trump’s plan to displace Palestinians from Gaza, two Egyptian security sources told Reuters.

Trump has infuriated the Arab world with a plan to permanently displace over 2 million Palestinians from the Gaza Strip, assert U.S. control over the area, and develop it into the “Riviera of the Middle East.”

He has demanded that Egypt and Jordan accept the Palestinians, threatening to withdraw aid from the two U.S.-allied Arab states if they refuse. Egypt, alongside Israel, is one of the largest recipients of U.S. military aid.

Yesterday, Jordan’s King Abdullah II appeared uncomfortable during his meeting with Trump at the White House during which the president discussed his Gaza plan.

Trump on Gaza: We don’t need to buy it, we’re going to take it

Egypt’s Foreign Minister Badr Abdelatty visited Washington this week to avert a potentially awkward presidential visit. However, according to Egyptian sources, Secretary of State Marco Rubio made it apparent that the Palestinian displacement plan would be discussed if Sisi visited.

Abdelatty responded that such a meeting would be of no use and that any discussion should be over Egypt’s own plan for reconstruction of Gaza, the sources said, which ensures Palestinians remain on their land.

King Abdullah raised the prospect of the Egyptian plan during a brief press conference with Trump on Tuesday.

Sisi has repeatedly stated that Egypt would never facilitate the expulsion of Palestinians from Gaza, viewing it as a significant threat to Egypt’s own security. Such actions could breed extremism and provide a pretext for future Israeli attacks, in addition to being an injustice to the Palestinians.

Oliver O’Connell12 February 2025 15:13

Powell heads back to Capitol Hill as progress on inflation stalls

As data shows U.S. consumer prices rose faster than expected in January, indicating that progress on inflation may still be stalled, Federal Reserve Chair Jerome Powell is heading to Congress for a second day of testimony.

Rising prices for housing, food, and energy pushed the Consumer Price Index up at a 3% annual rate in January, compared to 2.9% in the previous month.

The change in the Consumer Price Index slightly exceeded analysts’ expectations. This is likely to increase the Fed’s reluctance to cut interest rates further, as policymakers wait for signs that price pressures in the economy will continue to ease.

The jump in consumer staples, with gas prices rising 1.8% over the month and food at home increasing by half a percentage point, could also influence public expectations about inflation, which the Fed believes are crucial to manage.

Powell will appear today before the House Financial Services Committee at 10 a.m. ET and will typically repeat the opening statement delivered in Tuesday’s hearing before the Senate Banking Committee.

Meanwhile, President Donald Trump offered his sage take on Truth Social: “Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!! Lets [sic] Rock and Roll, America!!!”

He later added: “BIDEN INFLATION UP!”

With reporting from Reuters

Oliver O’Connell12 February 2025 14:56

Mexico to send message to White House on steel, aluminum tariffs, Sheinbaum says

Mexican President Claudia Sheinbaum says Mexico will send a message to the White House concerning the 25 percent steel and aluminum tariffs imposed by President Donald Trump.

She said her foreign minister, Juan Ramón de la Fuente, and U.S. secretary of state, Marco Rubio, would be speaking on Thursday,

Sheinbaum questioned the purpose of the tariffs, noting that they are not “convenient” for the U.S. given that it has a trade surplus with Mexico in steel and aluminum.

With reporting from Reuters

Oliver O’Connell12 February 2025 14:52

Danish petition supporting plan to buy California reaches 200,000 signatures

Denmark’s citizens have launched a petition to purchase America’s most populous and prosperous state, California, in response to Donald Trump’s efforts to acquire Greenland.

The president has recently escalated calls to purchase the autonomous Danish territory for “national security” purposes, despite both Denmark and Greenland’s prime ministers insisting the Arctic island is not for sale.

Pledging to “Make California Great Again,” Danes have launched a retaliatory campaign seeking the “Denmarkification” of the world’s fifth-largest economy.

Joe Sommerlad12 February 2025 14:50

Trump’s steel and aluminum imports likely to drive up car costs, industry leaders say

The president’s tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say.

The moves align with the Trump administration’s aggressive global trade agenda and ambitions to strengthen U.S. industry but they could have an inverse effect.

On March 12, all steel imports will be taxed at a minimum of 25 percent, the result of two orders the president signed on Monday that also include a 25 percent tariff on aluminum.

That could have a serious impact on domestic auto companies including Ford, GM and Stellantis – and make these companies’ vehicles more expensive for the nation’s car buyers.

Joe Sommerlad12 February 2025 14:35

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