Richard Nixon News

Vietnam War. It was 8 June 1972. Dozens of children were running for safety after the US bombing in Vietnam’s Trang Bang region.

Subscribe to enjoy similar stories.For the last few years, Jerome Powell would walk past a portrait of Arthur Burns on his way to his office, addressing him silently.I’m not going to be you.Burns, the Fed chair under Richard Nixon, embodied two failures: He allowed inflation to get out of control, and he yielded to a president who wanted lower interest rates.Powell faced both hazards—inflation and presidential pressure—and more during his eight years as chair. The Fed won broad credit for its novel pandemic response, took a share of the blame for the high prices that followed and confounded predictions by bringing inflation down without a recession.

An image on the 3 April cover of The Economist shows an angry US President Donald Trump shouting on one side, with China’s President Xi Jinping calmly smiling on the other. “Never interrupt your enemy when he is making a mistake,” says the headline.A revealing picture in the White House’s archives shows US National Security Advisor Henry Kissinger and Chinese Premier Zhou Enlai shaking hands in Beijing on 9 July 1971, when Kissinger made his secret dash for a détente with China. The press was told that Kissinger was unwell and resting in Pakistan.

In the shadow of the Iran war, with crude hovering around $100 a barrel, the allure of a quick fix for energy inflation is understandable. But intervening directly in financial markets by taking a bearish short position in oil—which the US Treasury says it’s been discussing—is a terrible idea. Selling oil futures would be a desperate ploy, born of panic about rising US gasoline and diesel retail prices ahead of the midterm elections.

Subscribe to enjoy similar stories. President Trump chose a Federal Reserve chair, Kevin Warsh, he thinks he can count on to lower interest rates. History suggests three different ways presidents have come to regret that bet.

Subscribe to enjoy similar stories. Americans have a knack for turning the price of food into national theatre. In 1916 housewives boycotted “egg speculators" for daring to charge 36.5 cents a dozen.

Subscribe to enjoy similar stories. Leading the Office of Management and Budget (OMB) may sound mundane, but the role is one of Washington’s most important. Russell Vought, who did the job for the final two years of Donald Trump’s first term, is poised to return.

Subscribe to enjoy similar stories. Critics view the Department of Government Efficiency’s emails asking federal employees for evidence of productivity as chaotic, arbitrary and even cruel measures to impose on a devoted civil service. But Elon Musk is simply bringing normal private-sector standards to a government that desperately needs them.

Social Security income in the US intensifying due to Elon Musk’s claims of fraud in the department, there have been a lot of questions about who can avail the benefit and how.

Subscribe to enjoy similar stories. On India’s Independence Day of 1971, US president Richard Nixon announced to the world that America was unhitching from the gold standard. This unilateral action spelt the end of the 1944-instituted Bretton Woods system, which had been set up in the wake of World War II to stabilize international finance and encourage global trade.

Subscribe to enjoy similar stories. During a debate last summer, when Donald Trump was asked what he meant by saying that as president he would have every right to “go after" his political opponents, he replied, “My retribution is going to be success." His first few weeks back in the job have confirmed what many of his supporters and critics assumed he had in mind: that in office he would define “success" to include retribution. Mr Trump is not just returning to the ways of American presidents before the Watergate scandal, which led to reforms meant to insulate the Justice Department and FBI from presidential pressure.

Joe Biden prepares to leave office, Americans have a dimmer view of his presidency than they did at the end of Donald Trump's first term or Barack Obama's second, a new poll finds. Around one-quarter of U.S. adults said Biden was a «good» or «great» president, with less than 1 in 10 saying he was «great,» according to the survey from The Associated Press-NORC Center for Public Affairs Research. It's a stark illustration of how tarnished Biden's legacy has become, with many members of his own party seeing his Democratic presidency as merely mediocre. About one-third described Trump as «good» or «great» on the eve of the Republican's departure from the White House in 2021, according to AP-NORC polling, including about 2 in 10 who said he was «great» — even after he helped sparked a deadly insurrection that saw a mob of his supporters overrun the U.S. Capitol. Americans were similarly likely to describe both Biden and Trump as «poor» or «terrible» — about half said this characterized each president's time in office — but about 3 in 10 said Biden was «average,» while less than 2 in 10 said this about Trump.

Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations

Donald Trump. During his appearance on the Federalist Radio Hour podcast on Thursday, Johnson mocked the government's inquiry into the shooting incident on July 13th, in which Trump was slightly injured by a bullet, calling it almost completely opaque. He referred to John F. Kennedy's assassination and Richard Nixon when stating that there is a grotesque level of corruption in the federal government.

«Folks, how are you?» President Joe Biden said as he shuffled onto the stage. His voice was raspy and thin, his movements stiff. «Good to be here. Thank you.» It was an inauspicious glimpse of what would become a historic night. The first and last debate between Biden and Donald Trump started a chain reaction leading to Vice President Kamala Harris replacing Biden at the top of the Democratic ticket. She'll have her own chance in the spotlight Tuesday as she meets Trump in another debate. She's been hunkered down to prepare with her team, intent on maintaining the momentum that's breathed new life into Democrats' chances this year.

At the heart of JD Vance’s journey from venture capitalist to vice presidential candidate is a memoir he first thought of in law school, “Hillbilly Elegy.”

Republican National Convention began Monday at the Fiserv Forum in Milwaukee, Wisconsin. It will come to an end on July 18. In this once-in-four-year- convention, delegates will select the nominee for the presidential election and his running mate. Republican contender Donald Trump has announced J.D. Vance as his running mate. He will be the youngest vice presidential nominee. If Trump is nominated officially, he will be the first Republican leader to be nominated the presidential candidate for the third term after Richard Nixon.

Joe Biden and former President Donald Trump are set to face off once again on the debate stage this September.

Donald Trump’s dominance of the primaries on Super Tuesday means the die is cast for a rerun of his 2020 match with President Biden. Hard to believe: The two major parties are marching to nominate perhaps the only candidates who could lose to the other. It’s America’s great presidential unpopularity contest.