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Elon Musk running the US government? Tesla CEO's growing influence on the Republican Party and the Trump administration has become a topic of discussion among Democrats, some of whom now sarcastically refer to the SpaceX CEO as “President Musk.” As the threat of US government shutdown looms, Musk, one of the closest allies and a big supporter of President-elect Donald Trump, interjected himself into the process. The moniker 'President Musk' started trending on X, formerly known as Twitter, after the spending fight on Capitol Hill took an unexpected turn as the billionaire entrepreneur played a pivotal role in derailing a bipartisan funding bill, raising questions about his growing influence in Washington. Musk’s barrage of posts on X calling for lawmakers to «kill the bill» has led many to wonder whether he, not Donald Trump, is setting the Republican agenda. ALSO READ: What US government shutdown actually means: Explained in 10 points

Elon Musk’s role in taking down a bipartisan budget deal shows his ascendance as a political force

Nearly 3 million people could receive a boost in Social Security payments under legislation that's set for a final vote in the Senate

Vice President Jagdeep Dhankhar does not allow them to speak, Trinamool Congress (TMC) Parliamentary Party Leader Derek O'Brien on Friday alleged that the Rajya Sabha chairman spoke for around 30 per cent of the time the Upper House functioned. Slamming the chairman on the last day of the Winter Session, O'Brien in a brief statement said that the Upper House ran for a total of 43 hours till December 18 and Dhankhar spoke for around four and a half hours. There are no official records of speaking time of the Rajya Sabha chairman or its members.

As per Jaishankar, India's foreign policy today is based on three principles. «Active engagement with countries, nation's interests first under any circumstance and humanitarian approach with ethics».

And yet many of the routine functions of government — things like national defense, benefit checks and mail delivery — continue as usual. ALSO READ: H-1B visa overhaul gets White House nod, providing big relief for international students, entrepreneurs

European Union leaders insist no decisions can be taken about the future of Ukraine without its consent or behind their backs

Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman. Peace, a 53-year-old native of Brooklyn, New York, said in a statement Wednesday “it has been the honor of a lifetime to serve as United States Attorney.” He’ll be replaced as head of the Brooklyn office, known as the Eastern District of New York, by First Assistant US Attorney Carolyn Pokorny, according to the statement. He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office Jan. 20.

«For the first time Chair Powell kind of tipped his hat to that saying we just do not know what is going to go on. So, in this environment with not much in the way of rate cuts, I thought there will only be two actually in the new dot plot. I thought they would be a bit more hawkish. I am surprised the market was so surprised but there you go,» says Geoff Dennis, Independent Emerging Markets Commentator. What should one be prepared for in the year 2025 because given the fact that you had the Federal Reserve go ahead and lowered their dot plot when you talk about the rate cuts come next year. You saw the markets spook. How should one read into all of these signs because yesterday when you saw the US GDP growth as well, they revised it upwards? Geoff Dennis: It is a difficult environment for emerging markets let me start by saying that and it is summed up by the fact that the Fed is now assumed anyway in terms of the dot plot that the midpoint is two interest rate cuts.

Yoon Suk Yeol over his December 3 declaration of martial law, summoning him for questioning on Christmas Day despite his repeated refusal to cooperate. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the ill-conceived power grab that lasted only a few hours, said it plans to question Yoon on charges of abuse of authority and orchestrating a rebellion. Yoon, whose presidential powers have been suspended since the opposition-controlled National Assembly impeached him on December 14, has dodged several requests by the joint investigation team and public prosecutors while also blocking searches of his office. It's not clear what investigators can do if Yoon continues to reject their demands. Under the country's laws, locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge, and it's unlikely that Yoon will voluntarily leave his residence if he faces of being compelled to appear.

“As per our estimates, the 1,700 centres in total have grown in size by 25%, meaning they are individually expanding while new ones are also being added. That is why you’re seeing so much activity and hiring,” said Nambiar. Formerly the CMD of Cognizant India, he took over as Nasscom’s president in November. Nambiar emphasised that the growth of GCCs doesn’t signify a loss for the IT sector. Instead, both sectors are closely intertwined, creating a win-win situation for India. To further accelerate the growth of the sector—which has hired more people than IT services firms—Nasscom is working with various government arms to address key concerns facing GCCs, such as safe harbor provisions and advance pricing agreements. He added that the era of requesting tax incentives or sops is over; the focus now is on resolving these structural concerns.

Subscribe to enjoy similar stories. Thousands of Amazon.com workers went on strike Thursday during the crucial run-up to Christmas over contract negotiations and the company’s refusal to recognize the Teamsters labor union. The International Brotherhood of Teamsters, the union that represents the Amazon employees, called the action the largest ever strike against Amazon by U.S.

The vote was almost unanimous, with 11 of the 12 Federal Open Market Committee members voting in favour of the rate trim; only Beth Hammack, president of the Federal Reserve Bank of Cleveland cast her vote in favour of maintaining current interest rates. However, cautious rhetoric from Fed chair Jerome Powell caused Treasuries to topple and the US dollar to soar.  «As for additional cuts, we are going to be looking for further progress on inflation as well as continued strength in the labour market,» said Powell, emphasising that the FOMC will remain data-driven into 2025.  Powell ...

mass deportations of undocumented immigrants immediately after Trump is sworn in as president. In a CNN interview, Homan said Wednesday night that plans are underway to deport undocumented immigrants at large scale and that he’ll need funding from Congress to do so. Tom Homan said he will need a minimum of 100,000 beds to detain undocumented immigrants – more than doubling the 40,000 detention beds ICE is currently funded for – and needs more Immigration and Customs Enforcement agents to carry out the president-elect’s mass deportation plans. ALSO READ: US Government shutdown: Know what closes and what stays open

Lamb Weston is naming a new CEO as the frozen French fry maker moved to a loss in its second quarter and trimmed its fiscal 2025 forecast

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate

Subscribe to enjoy similar stories. Russian President Vladimir Putin appeared in no hurry to seek an end to the war in Ukraine during his annual set-piece television event Thursday, seeking instead to project Russia’s strength despite President-elect Donald Trump’s stated goal of achieving a quick peace. The carefully choreographed question-and-answer session saw Putin field queries from chosen media sources and ordinary Russian citizens, during which he repeatedly portrayed Russia as resistant to the effects of the conflict, which is now nearing the three-year mark.

Liz Bentley Associates President and founder Liz Bentley discusses the benefits of remote work as some businesses push for their employees to return to the office full-time.

Subscribe to enjoy similar stories. GARY, Ind.—In a meeting room facing U.S. Steel’s century-old plant, Takahiro Mori offered his vision for the plant’s next chapter under a new owner.

Congress President Mallikarjun Kharge submitted a letter to Lok Sabha speaker Om Birla alleging «physical assault» by other Bharatiya Janata Party MPs, other party MPs also told that party leader Rahul Gandhi had been blocked from entering Parliament, following which a scuffle broke out between the two parties. This comes amidst INDIA bloc and NDA leaders staging parallel protests at the Parliament premises regarding the remarks of Union Home Minister Amit Shah on B R Ambedkar. During the scuffle, two BJP MPs, Pratap Chandra Sarangi and Mukesh Rajput were injured. Both MPs were admitted to Ram Manohar Lohia Hospital and are being treated for their injuries.

BJP Rajya Sabha MP Phangnon Konyak on Thursday criticised Leader of Opposition Rahul Gandhi, stating, «He came close… I did not like it and he started shouting. Whatever happened today is very sad, this should not happen. We did not like the way they threatened… I have also complained to the Chairman.» A face-off between the opposition and NDA MPs in Parliament premises over the alleged insult to B R Ambedkar left former minister Pratap Chandra Sarangi injured earlier today. The BJP accused Rahul Gandhi of pushing the senior member, a charge rejected by the Congress leader. Trouble began when the INDIA bloc members insisted on entering Parliament through the BJP MPs holding a protest instead of using the space left empty on one side of the staircase of the Makar Dwar, used by members to enter and exit the building.