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No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given easing interest rates and tax cuts.
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  • On Sunday, Treasury Secretary Scott Bessent told NBC's Meet the Press the U.S. is not at risk of a recession in 2026, crediting President Donald Trump's tariff agenda and trade deals.
  • An NBC News poll earlier this month found about two-thirds of registered voters say the Trump administration has fallen short on the economy and the cost of living, while Bessent acknowledged the housing sector and interest-rate-sensitive sectors are struggling.
  • The longest government shutdown squeezed the economy, and Bessent said it caused a 1.5% hit to GDP while criticizing several Democratic lawmakers who are former military and intelligence officers.
  • Also Sunday, Bessent published an opinion piece in The Washington Post urging Republicans to end the Senate filibuster and put the Senate on notice if Senate Democrats close the government again.
  • Next year, he expects factories to be in place and jobs to follow while supporting a 28-point U.S.-backed peace proposal that concerns Ukrainians and European leaders.
 
Bed$tuy🇭🇹 said:

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given easing interest rates and tax cuts.
ground.news
ffdce840026a35d72d045ee6f0290b758591c486.jpg

  • On Sunday, Treasury Secretary Scott Bessent told NBC's Meet the Press the U.S. is not at risk of a recession in 2026, crediting President Donald Trump's tariff agenda and trade deals.
  • An NBC News poll earlier this month found about two-thirds of registered voters say the Trump administration has fallen short on the economy and the cost of living, while Bessent acknowledged the housing sector and interest-rate-sensitive sectors are struggling.
  • The longest government shutdown squeezed the economy, and Bessent said it caused a 1.5% hit to GDP while criticizing several Democratic lawmakers who are former military and intelligence officers.
  • Also Sunday, Bessent published an opinion piece in The Washington Post urging Republicans to end the Senate filibuster and put the Senate on notice if Senate Democrats close the government again.
  • Next year, he expects factories to be in place and jobs to follow while supporting a 28-point U.S.-backed peace proposal that concerns Ukrainians and European leaders.
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Ground news is an intriguing tool 🤔

Gotta look into it more

 
MorganFreemanKing said:
Ground news is an intriguing tool 🤔

Gotta look into it more

Click to expand...

😐This fool types ground news on YouTube and act like he found something like i havent already looked it up for reviews. You're so special.
I learned about ground.news by just watching Devory Dawkins videos. You dont think I did any research before I trusted it


Dont be slick and act like you posted something because you didn't. I already did my thorough research before I started diving in.

You didn't read the OP when I said Ground.news is like an aggregator website that combines multiple news oulets😐

I specifically said my aim is to post CENTER leaning articles😐

Read the comments in that video because you're late and slowing me down

FUCKKK YOOOOOOOO


another fake

You're dismissed

I told you niggas stop playing with me with these ABW tactics. And none of you snake niggas better not approach me like you cool but I found out you're a fake

Next!!!!!!!!!
 
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US Black Friday online sales hit record $11.8 billion, Adobe reports

Despite wider economic uncertainty hovering above this year’s holiday season, shoppers turned out in big numbers for Black Friday — spending billions of dollars both in stores and online. Adobe Analytics, which tracks e-commerce, said U.S. consumers spent a record $11.8 billion online Friday...
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  • U.S. consumers spent a record $11.8 billion online on Black Friday, marking a 9.1% jump from last year, according to Adobe Analytics.
  • Shopping services powered by artificial intelligence and social media advertising have particularly influenced what consumers choose to buy, Adobe said.
  • Mastercard SpendingPulse reported that overall Black Friday sales excluding automotive rose 4.1% from a year ago, with online sales jumping 10.4% and in-store purchases inching up 1.7%.
 

Protesters Block ICE Vehicles in Chinatown as NYPD Makes Multiple Arrests

Immigrant advocates tried to stop a federal Immigration and Customs Enforcement agency operation Saturday on Canal Street by blocking the entrance to a Chinatown garage and temporarily preventing the masked agents from conducting an operation, officials and advocates said.
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  • Multiple people were arrested in New York City's Chinatown on Saturday after protesters physically blocked federal agents from leaving a parking garage during an apparent immigration enforcement operation.
  • Protesters formed a human barricade at the garage entrance and piled garbage bags to prevent vehicles from exiting, effectively foiling the apparent raid.
  • At least nine people were arrested during the raid, and four U.S. citizens were held for nearly 24 hours without any federal charges, according to U.S. Rep. Dan Goldman, who criticized the NYPD's collaboration with ICE.
 
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Trump administration says it will withhold SNAP from Democrat-led states if they don’t provide data

President Donald Trump’s administration said Tuesday that it will move to withhold SNAP food aid from recipients in most Democratic-controlled states starting next week unless they provide information about those receiving the assistance.
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  • On Tuesday, the Trump administration announced it will withhold Supplemental Nutrition Assistance Program funds from most Democratic-controlled states starting next week until they provide requested individual data, U.S. Agriculture Secretary Brooke Rollins said.
  • Earlier this year, the U.S. Department of Agriculture requested all 50 states to provide SNAP data, with Brooke Rollins saying 29 red states complied but 21 blue states refuse.
  • About 42 million SNAP recipients rely on benefits averaging about $190 per person, while Rollins identified California, New York and Minnesota as noncompliant states.
  • Democratic states quickly sued to block the requirement, courts traded rulings on benefit cuts during the shutdown, and some states funded benefits themselves while boosting food banks.
  • This year the SNAP program has drawn unusual attention, with work requirements expanding to include people ages 55 to 64 and the recipient-records fight predating recent shutdown headlines.
 

Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected

The Federal Reserve's preferred inflation gauge showed that consumer prices remained elevated in September, ahead of the central bank's policy meeting next week. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% in September from a month...
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  • Core inflation, a price measure watched by the Federal Reserve, was 2.8% in September, lower than expected and down from 2.9% in August.
  • The core measure strips out volatile data points that can distort the headline inflation figure, which is preferred by the Fed.
  • The Fed's last policymaking meeting this year is scheduled for next week, amid rising expectations that officials will cut interest rates for a third time.
 
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Trump approves tiny ‘cars of the very near future’

President Trump said Friday he had granted approval for “tiny cars” to be built in the United States, a move that would expand the availability of similar smaller vehicles that are popular in Asia.
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  • President Donald Trump announced that he would loosen regulations to permit the production of smaller, more compact cars in the U.S.
  • Trump said he drew inspiration from recent visits to East Asia, where he was impressed by the ultracompact cars in Japan.
  • The Trump administration believes the compact cars would prove more fuel-efficient and affordable than those already available on the market.
 
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Judge grants Justice Department request to unseal Ghislaine Maxwell records in sex trafficking case

A federal judge says the Justice Department can publicly release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidant of Jeffrey Epstein.
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  • On Dec. 9, 2025, U.S. District Judge Paul A. Engelmayer ordered release of grand-jury transcripts and exhibits in Ghislaine Maxwell's case, allowing the Justice Department to publicly share investigative materials.
  • Following earlier judicial refusals, the Justice Department said Congress intended unsealing when it passed the transparency act, signed last month by President Donald Trump.
  • The department expanded its request to cover 18 categories of investigative materials, including search warrants and financial records from Palm Beach police and the U.S. attorney's office in Palm Beach, and shared evidence from Maxwell's 2021 trial.
  • The ruling requires a victim-protection mechanism as Judge Paul A. Engelmayer ordered safeguards, the Justice Department said it will confer with survivors and redact records, and documents could be public within 10 days and searchable by Dec. 19.
  • With tens of thousands of records already public, the Justice Department seeks hundreds or thousands of previously unreleased documents while Epstein's 2019 case request remains pending.
 
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  • Reuters reported Tuesday that U.S. officials said the administration seized an oil tanker off Venezuela's coast, with President Donald Trump confirming the action Wednesday.
  • Amid a massive military build-up including the USS Gerald R. Ford aircraft carrier, the Trump administration intensified pressure on President Nicolas Maduro in recent weeks.
  • Anonymous U.S. officials said the interdiction was led by the U.S. Coast Guard with U.S. Navy support under law enforcement authority, but officials did not name the tanker or disclose the location.
  • Markets reacted as oil futures rose 56 cents to $58.93 per barrel after the seizure, and Matt Smith said `Shippers will likely be much more cautious and hesitant about loading Venezuelan crude going forward`.
  • The move could constrain Venezuela's oil exports, complicating its main revenue as the country exported more than 900,000 barrels per day last month and sells most output at a steep discount to refiners in China
 

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  • On Friday, the U.S. Department of Justice published thousands of files related to Jeffrey Epstein, posting the initial release to the Justice Department's public site.
  • On Nov. 19, President Donald Trump signed a law requiring the DOJ to release most Epstein files within 30 days after a congressional discharge petition by Ro Khanna, D‑Calif., and Thomas Massie, R‑Ky., forced the vote.
  • Around 4,000 files were included, mostly photographs labeled as DOJ Disclosures, along with court records, call logs, and many heavily redacted materials excluding victims' personal information.
  • Democrats immediately criticized the partial release, accusing the Trump administration of hiding information, and the Justice Department said it will continue releasing documents, expecting completion by the end of the year.
  • Photographs reference high-profile figures such as former President Bill Clinton, Prince Andrew, Michael Jackson and Diana Ross; some material has circulated and releases could prompt further probes or congressional enforcement requiring Republican cooperation.
 
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