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Yahoo Finance Trumponomics Report Card
Overall gradeLast updated: 13 Dec 2017About this report card
Yahoo Finance is tracking the performance of the economy under President Donald Trump, compared with six prior presidents going back to Jimmy Carter. We’ve chosen six key economic indicators that directly affect the well-being of ordinary Americans, with data provided by Moody's Analytics. Know more about our methodology, and click on the article below to read the latest update.
View raw data.
ReutersUS special counsel probes Trump firing of then-top cybersecurity official -NYT
A U.S. special counsel investigating former President Donald Trump and efforts to overturn his 2020 election loss are examining his firing of a cybersecurity official whose office said the vote was secure, the New York Times said on Wednesday. Special Counsel Jack Smith, who is also probing Trump's handling of classified documents, has subpoenaed former Trump White House staff as well as interviewed Christopher Krebs, who oversaw the Cybersecurity and Infrastructure Security Agency under Trump, the Times said, citing unnamed sources familiar with the matter. Trump fired Krebs in November 2020, days after the CISA issued a statement calling the Nov. 3, 2020, election "the most secure in American history" at a time of the then-president's unsupported accusations the vote had been rigged.
ReutersManhattan prosecutor seeks to keep Trump hush money case in state court
Manhattan District Attorney Alvin Bragg on Tuesday moved to block former President Donald Trump's attempt to persuade a federal court to take over a state criminal case in which he is charged with falsifying business records connected to a hush money payment allegedly made prior to the 2016 election. In documents filed in U.S. District Court in Manhattan, Bragg argued that Trump is not entitled to the change in venue because he is not a federal officer.
ReutersEF Hutton, bank behind Trump's SPAC deal, rules over IPO drought
EF Hutton, the small investment bank that arranged a deal for the stock market listing of Donald Trump's social media venture, is dominating initial public offering (IPO) league tables as companies hold back on big deals handled by major Wall Street banks. The New York-based bank, which launched in its current form three years ago, has been crowned the most prolific IPO underwriter by deal volume by Dealogic for three of the last four quarters, including the first quarter of 2023. Traditional IPO powerhouses, on the other hand, such as Goldman Sachs Group Inc, JPMorgan Chase & Co Inc and Morgan Stanley, have struggled to make it even in the top five of the league tables in the past two quarters.
ReutersTrump lawyers ask to meet Attorney General Garland - letter
"No President of the United States has ever, in the history of our country, been baselessly investigated in such an outrageous and unlawful fashion," lawyers John Rowley and James Trusty wrote in a letter that Trump posted on social media. They requested a meeting with Garland "at your earliest convenience to discuss the ongoing injustice that is being perpetrated by your Special Counsel and his prosecutors."
AFP NewsTrump makes video court appearance in hush money case
A frustrated-looking Donald Trump appeared in a New York court via video-link Tuesday to be informed by a judge that he cannot post certain evidence in his criminal case on social media.The district attorney's office cited Trump's track record of attacking witnesses and Bragg in social media posts.
AFP NewsBusiness tough in China as national security trumps all
Doing business in China has become harder and potentially more perilous as the government prioritises an ever-widening definition of national security over all else, despite insisting the country has reopened for trading.But Yale legal expert Jeremy Daum said the key was that "China believes there are legitimate threats to its national security, and will always prioritise addressing them over other interests".
AFP NewsUS special counsel slams FBI probe of Trump-Russia collusion
The FBI investigation into alleged collusion between Russia and Donald Trump's 2016 presidential campaign was based on flimsy evidence and seriously flawed, an independent US prosecutor said in a report published Monday.But Mueller found no evidence of criminal cooperation with Russia by the Trump campaign, and his evidence of alleged obstruction by Trump was rejected by Barr.
ReutersU.S. Supreme Court to hear dispute over Democratic bid for Trump hotel documents
(Reuters) -The U.S. Supreme Court on Monday agreed to hear a bid by President Joe Biden's administration to block a lawsuit by several congressional Democrats seeking details of a government lease for a Washington hotel concerning when it was owned by his predecessor Donald Trump. The justices took up an appeal by the General Services Administration (GSA), which manages federal government real estate, of a lower court's ruling allowing the lawsuit by U.S. House of Representatives Democrats to proceed. The opulent hotel with a soaring clock tower, located on Pennsylvania Avenue between the White House and the U.S. Capitol, opened shortly before Trump was elected in 2016.
ReutersUkraine's anti-graft prosecutor says rule of law trumps trophy convictions
Ukraine's crackdown on corruption has raised eyebrows in recent months by going after respected former technocrats who helped repair the country after the political upheaval of 2014. Chief anti-corruption prosecutor Oleksandr Klymenko is aware of public pressure to put more prominent names or current officials behind bars. But he says the rule of law must prevail as Ukraine strives to meet European Union demands to stamp out high-level graft.
AFP NewsTrump refuses to accept 2020 defeat, mocks sexual abuse victim
A combative Donald Trump made a rare live appearance on longtime adversary CNN on Wednesday, repeating his false claims about the 2020 election, hurling insults and mocking a former magazine columnist he was found liable of sexually abusing and defaming.The CNN appearance came just one day after Trump was ordered by a New York jury to pay $5 million in damages to E. Jean Carroll, a former columnist for Elle magazine who accused him of raping her in a Manhattan department store changing room in 1
ReutersTrump plays down consequences of a US default: 'Could be maybe nothing'
Republican former President Donald Trump on Wednesday played down the severity of a potential U.S. government default, saying the consequences of a failure by Congress to raise the nation's debt limit "could be maybe nothing." Most economists warn that a failure to raise the debt ceiling by June 1, when the U.S. Treasury says the government will start to run out of money to meet its obligations, will trigger a catastrophic economic recession with the loss of millions of jobs. Democratic President Joe Biden and Republicans who control the House of Representatives are negotiating raising the debt limit, which is a mechanism to allow the government to pay obligations Congress has already incurred, such as payments on foreign debt and monthly Social Security checks.
AFP NewsTrump liable for sexually abusing writer, faces $5 mn damages
A US jury found Donald Trump liable Tuesday for sexually abusing and defaming an American former magazine columnist and ordered the ex-president to pay her $5 million in damages.The former columnist for Elle magazine also claimed that Trump defamed her when he called her "a complete con job" after she went public with the allegation in 2019.
ReutersFactbox-An overview of Donald Trump’s legal troubles
Trump became the first former U.S. president to face criminal charges when a New York grand jury indicted him for allegedly falsifying business records in connection with a hush money payment made to a porn star before his victory in the 2016 presidential election. During the campaign, Trump's former personal lawyer, Michael Cohen, paid porn star Stormy Daniels $130,000 for her silence about an affair she says she had with Trump in 2006.
AFP NewsUS jury starts deliberating Trump civil rape trial
A US jury began deliberating Tuesday on whether to find Donald Trump liable for the alleged rape of an American former magazine columnist in the mid-1990s.The former columnist for Elle magazine also claims that Trump defamed her when he called her "a complete con job" after she went public with the allegation in 2019.
AFP NewsTrump civil rape trial hears closing arguments
A US court heard closing arguments Monday in a closely watched civil trial that accuses ex-president Donald Trump of raping and defaming an American former magazine columnist.The former columnist for Elle magazine also claims that Trump defamed her when he called her "a complete con job" after she went public with the allegation in 2019.
ReutersTrump will not testify in New York rape, defamation trial
Former U.S. President Donald Trump will not testify at a civil trial to challenge claims made by writer E. Jean Carroll that he raped her in the 1990s and later defamed her, after letting a Sunday deadline pass without asking the court to appear. Trump’s attorney Joseph Tacopina told the judge on Thursday that Trump had waived his right to testify in the trial in Manhattan federal court and opted not to present a defense in the case, gambling that jurors will find that Carroll had failed to make a persuasive case. In response to a Reuters request for comment, Tacopina said in a statement what Trump's legal team had already told the court on Thursday, that the former president would not testify in the case.
ReutersGeorgia fake elector defendants accept immunity in Trump probe -lawyer
Fulton County District Attorney Fani Willis is expected to disclose this summer whether former President Donald Trump and others will be charged with crimes related to interfering with the 2020 election. Attorney Kimberly Bourroughs Debrow represented 10 of the 16 suspected fake electors who may have offered to cast electoral college votes for Trump even though Democrat Joe Biden won Georgia and the right to all of the state's 16 electoral college votes.
ReutersPro-Trump group powers surge in early US super PAC spending
A group allied with Donald Trump's bid for the 2024 Republican nomination is setting records for outside political spending early in a U.S. presidential campaign as he looks to box out his nearest rival Ron DeSantis before the Florida governor even launches a campaign. The Trump-aligned Make America Great Again Inc group, known as MAGA Inc, spent more than $7 million in the first four months of 2023 on television ads attacking DeSantis, disclosures to the Federal Election Commission show. That is far more than the roughly $4 million that all outside political groups, known as super PACs, spent in support of presidential candidates at the same point in the 2020 election cycle and vastly higher than the less-than-$1 million spent at the same point of the 2016 cycle.
ReutersJurors at rape trial hear Trump defend lewd 'Grab 'em' remarks in new video
NEW YORK/DOONBEG, Ireland (Reuters) -Jurors in Donald Trump's civil rape trial on Thursday saw a video deposition in which the former U.S. president defended private comments he made in 2005 about grabbing women sexually without asking. "Historically, that's true, with stars... if you look over the last million years," Trump said in the video deposition taken last October and shown to the jury on Thursday, the seventh day of the rape trial in Manhattan federal court. The "Access Hollywood" tape was first made public in October 2016, a month before Trump was elected U.S. president.
ReutersUS Fed points finger at Trump-era rollback for SVB demise
(Reuters) -The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington. Amid the turmoil that Silicon Valley Bank's implosion unleashed on the financial system last month, some Republicans and industry advocates have argued strenuously that a 2018 roll-back of post-financial-crisis safeguards was not to blame. But the Fed's searing 100-page post mortem says bipartisan legislation in 2018 loosened post-financial crisis safeguards, undermining oversight by hindering the work of bank supervisors and encouraging the capital weakness that ultimately proved fatal to SVB.
ReutersFormer US Vice President Pence appears before grand jury probing Trump - source
WASHINGTON (Reuters) -Former U.S. Vice President Mike Pence appeared before a grand jury investigating former President Donald Trump's role in efforts to overturn the 2020 election, a source familiar with the matter told Reuters on Thursday. Pence was inside U.S. District Court in Washington for more than seven hours, ABC News and NBC News reported earlier. Representatives for Pence had no comment.
ReutersTrump vows to investigate prosecutors, says Biden represents anarchy
MANCHESTER, New Hampshire (Reuters) -Donald Trump said on Thursday that if he wins the 2024 presidential election, he will order the Justice Department to investigate "radical" county and state prosecutors whom he accused, without evidence, of targeting conservatives. In a campaign speech, the former president, who faces multiple criminal investigations, said the prosecutors were "persecuting conservatives" and touched on his policy positions and personal grievances as he painted himself as a victim of the so-called Deep State. "On day one of my new administration, I will direct the DOJ to investigate every radical district attorney and attorney general in America for their illegal, racist ... enforcement of the law," Trump told more than 1,000 supporters in Manchester, New Hampshire.
ReutersTrump accuser tells jury: 'He raped me whether I screamed or not'
NEW YORK (Reuters) -E. Jean Carroll, a writer accusing Donald Trump of raping her in the mid-1990s, pushed back during a cross-examination on Thursday, exclaiming: "He raped me whether I screamed or not." Asked by Trump's lawyer why she did not scream during the alleged attack, Carroll said she was panicked and "not a screamer" by nature. "People always ask, 'Why didn’t you scream?' It keeps women silent," Carroll told the lawyer, Joe Tacopina, on the third day of a trial in her civil case against the former U.S. president in Manhattan federal court.
ReutersTrump loses appeal to block Pence's testimony in Jan 6 probe - CNN
Earlier this month, Trump lawyers filed the appeal after a ruling related to the Justice Department investigation of efforts to undermine the election that Trump, a Republican, lost to Democrat Joe Biden. However, Pence disclosed that he would not appeal a judge's ruling that requires him to testify to a federal grand jury about conversations he had with Trump leading up to the deadly attack on the U.S. Capitol on Jan. 6, 2021. The unanimous decision, from the judges Patricia Millett, Robert Wilkins and Greg Katsas on the DC circuit Court of Appeals, came in a sealed case on Wednesday night, CNN said.
ReutersCharging decision in Georgia's Trump election probe coming this summer -report
Georgia prosecutors will reveal this summer whether former President Donald Trump will be charged with crimes related to interfering with the 2020 election, the Atlanta district attorney said on Monday, according to the Atlanta Journal-Constitution. Fulton County District Attorney Fani Willis in letters sent to local law enforcement agencies said she would disclose charging decisions sometime during the Fulton County Superior Court's summer term, which begins on July 11 and concludes on Sept. 1, the newspaper reported. The letters, which the paper reported were sent to the Atlanta police chief, the county sheriff and the county emergency management director, were intended to give law enforcement enough time to prepare for possible violence.