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Cryptocurrency News Articles
Follow live updates on the Trump administration
May 23, 2025 at 09:55 am
We're tracking President Donald Trump's progress on campaign promises and legal challenges to his executive orders and actions.
The Trump administration is continuing its efforts to reduce the federal workforce, eliminating thousands of jobs at agencies such as the Department of Health and Human Services, USAID, the IRS, the Social Security Administration, the Education Department, the Defense Department, the National Weather Service, and the National Park Service.
The administration is also facing legal challenges to its executive orders and actions, including a ruling by a federal judge blocking the administration’s third attempt to end the Deferred Action for Childhood Arrivals (DACA) program, which protects young undocumented immigrants from deportation.
The administration is also seeking to rewrite environmental regulations, withdraw the United States from the Paris climate agreement, and renegotiate trade deals.
Trump’s presidency has been marked by a high-energy and unconventional style, often engaging directly with voters through social media.
His presidency has divided the nation, with supporters praising his policies and candor, while critics voice concerns over his rhetoric and some policy decisions.
Here’s a closer look at some key aspects of the Trump administration’s progress.
Tariffs: China and the United States agreed on a 90-day extension to lower tariffs on goods from each other’s countries. Trump’s 10 percent “universal” tariff on all imports is still in place.
The decision to ease tariffs on China follows months of trade tensions and threats of tariffs on goods ranging from food and wine to automobiles and chemicals.
First 100 days: Trump is facing growing opposition to his ambitious and controversial agenda, with his approval rating in decline, according to a Washington Post-ABC News-Ipsos poll. But inside the White House, Trump’s team isn’t dissuaded.
Harvard lawsuit: The Trump administration terminated $450 million in federal funding to Harvard University, the latest round in the battle between the administration and the Ivy League university.
Harvard sued the Trump administration after it froze more than $2 billion in federal funding after the school refused to make sweeping changes to its governance, admissions and hiring practices.
Federal workers: The Trump administration continues to work to downsize the federal government, eliminating thousands of jobs at agencies including the Department of Health and Human Services, USAID, the IRS, the Social Security Administration, the Education Department, the Defense Department, the National Weather Service, and the National Park Service.
The administration is also facing legal challenges to its executive orders and actions, including a ruling by a federal judge blocking the administration’s third attempt to end the Deferred Action for Childhood Arrivals (DACA) program, which protects young undocumented immigrants from deportation.
The administration is also seeking to rewrite environmental regulations, withdraw the United States from the Paris climate agreement, and renegotiate trade deals.
Trump’s presidency has been marked by a high-energy and unconventional style, often engaging directly with voters through social media.
His presidency has divided the nation, with supporters praising his policies and candor, while critics voice concerns over his rhetoric and some policy decisions.
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- Major U.S. Banks Are In Early Talks To Launch a Joint Stablecoin to Challenge Tether and Circle's Dominance
- May 23, 2025 at 09:55 pm
- Major U.S. banks are weighing forming a potential consortium to issue a joint stablecoin to challenge the dominance of Tether and Circle's stranglehold over the ballooning $245 billion stablecoin market.
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