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Headline News for Tuesday January 21st 2025
Comprehensive National Daily Headline News for Tuesday, January 21st 2025, with a special detailed update of President-Elect Donald Trump Inauguration, Corruption, Inflation, Interest Rates, Business News, Banking News, California Pacific Palisades Fire, Unemployment, Economy, Bankruptcy, and Politics. Life is celebrated when folks get a fresh start. National Headline News: For Tuesday, January 21st, 2025, we will focus on national news, such as the Palisades Fire in California and companies going bankrupt. GCA Mortgage Forums National Headline News needs to update our viewers about National Headline News on the economy and business news. CPI report, unemployed, job numbers, inflation, interest rate forecast, corruption, the mainstream media, bankruptcies, and cabinet confirmations in politics. Also, Trump is inaugurated, and I heard he is taking action, signing executive orders, pardoning January 6th insurrection protesters, and border czar Tom Homan is taking action, sending ICE agents to crack down on illegal migrants. border agent shot by an illegal migrant.
National Daily Headline News for Tuesday, January 21, 2025
President Trump Takes Office And Immediately Makes Policy Changes
What Trump Did at His Inauguration and Trump’s First Actions After Becoming The President
On January 20, 2025, Donald Trump was sworn in as the 47th President of the United States, thus completing his second term. Because of unusually cold temperatures, the swearing-in ceremony was held indoors at the U.S. Capitol Rotunda. Elon Musk, Jeff Bezos, and Mark Zuckerberg were some of the attendees from the technology sector.
After taking the oath of office, Trump set a new agenda, which included executive orders that reversed the previous administration’s policies. Some key actions taken on the first day include the following:
Pardoning Individuals Convicted of the January 6 Capitol Riots
Across the board, President Trump Pardoned the vast majority of individuals who were convicted for the riots that occurred during the Capitol Riot on January 6, 2021.
Declaring An Emergency for Immigration and National Security
At the southern border, migrants were questioned by armed force troops too elite to cross the border. The new chief of the border, Tom Homan, proposed a shock and awe technique for deporting illegal immigrants with qualifications.
Energy Policy
The filling low within the Paris Climate Accord.
Vital Constructed Aid Programs and Business Updates.
Rate of Inflation and Interest
- The Consumer Price Index report for December 2024 indicated a rise of 0.3%, signaling a rise in the rate of inflation.
- In particular, the Federal Reserve will likely keep interest rates on hold, although it will monitor the economy’s performance for any possible rate changes.
Unemployment And Job Figures
- The latest employment report shows that the unemployment rate remains unchanged at 4.2%, and new jobs for December came in at 150,000.
- Some growth is occurring in specific sectors, such as technology and healthcare, which were growing, and manufacturing, which was declining to some extent.
Corporate Insolvencies
- The retail company ShopMart has filed for Chapter 11 protection due to the sell-off of company stores.
- Unlike other companies impacted by e-commerce inflation, this company will restructure and close certain stores that are underperforming in sales relative to others.
Now, here’s the fire news from California.
- Over the weekend, a wildfire broke out in the Pacific Palisades region of California, engulfing numerous houses and forcing residents to evacuate.
- Firefighters have put out 60% of the fire and expect to contain it completely by Wednesday.
- So far, no deaths have occurred, and the fire is still under investigation.
Political and Legal Developments
Cabinet Nominations:
- This week, the Senate will hold confirmation hearings for President Trump’s cabinet appointments.
- In addition to the Secretary of State and Attorney General, other nominees are also expected to be scrutinized by both political extremes.
Policy Initiatives:
- During his inaugural address, the President boasted about improving immigration policy, increasing energy production within the country, and overhauling trade deals.
- Therefore, he revealed plans to substitute some civil employees with loyalists and annihilate federal agencies’ diversity, equity, and inclusion programs.
Corruption and Legal Proceedings
- Throughout the country, numerous state officials have been accused of corrupt practices in relation to infrastructure projects and other legal dealings.
- The Department of Justice has promised to prosecute them to command public confidence in governmental activities.
The effects of President Trump’s inauguration are tremendous. His first steps include legal matters concerning immigration, energy, and global relations. Policy changes will include active measures against the country’s modern economic, environmental, and political challenges. With the change in leadership, an entire country expects to be willing to tackle these challenges from government officials toward citizens.
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12 Replies
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Who has President Joe Biden pardon before he left as the 46th President of the United States. How many people did Joe Biden pardon? His family? Adam Schiff? Congressman and Congresswomen? Senators? Members of his Cabinet? Dr. Anthony Fauci? What is a pre-emptive pardon and how many people got pre-emptive pardons?
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Last Day Of Joe Biden’s Presidency
Biden’s last day as President is marked by issuing pardons and preemptive attempts to defend individuals from prosecution in the future.
Total Number Of Pardons And Commutations
On January 20, 2025, President Biden decided to grant clemency to a handful of preemptively selected individuals.
Offenders Brought To Justice: 65
A list of family members, public servants, and former officials received immediate pardons.
Strategy Commisioned To Executives
Thousands of people reached towards altered sentences being issued, marking one of the highest usage of exploiting clemency powers.
Notable Preemptive Pardons
Individuals receive this type of pardon before facing legal aid or formal charges, ensuring protection against prosecution.
Family Members:
- President Biden issued a pardon to his closest relatives, such as his brothers James and Francis Biden, his sister Valerie Biden Owen, and their partners, to shield them from any potential scrutiny from the new administration.
Dr. Anthony Fauci:
- The ex-Chief Medical Advisor was issued a standing pardon to avoid any consequences from legal action about his work during the COVID-19 pandemic.
General Mark Milley:
- The ex-chairman of the Joint Chiefs of Staff was also issued a standing pardon so that he would not be threatened because of any policies executed during his term in office.
Liz Cheney:
- The ex-legislature was also pardoned before any potential politically added legal issues targeted her.
Other Recipients
The scope of reporting regarding pardons issued to other congressional members, other senators, or other cabinet members of lesser importance with regards to the January 6 Capitol riot for people aiding the investigation, such as police officers daring to testify to the select committee, was somewhat broader.
Context and Implications
These types of pardons seem, at least at first glance, to be designed more to give amnesty to political adversaries than to claim to achieve the delusional goal of safeguarding public servants and relatives from what President Biden describes as politically driven prosecutions. The concept of justifying pardons, even preemptive ones, is open to discussion.
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I know all this. This is general information. What I need is the noteable names of the people Joe R. Biden pardoned,
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As President Joe Biden left office on January 20, 2025, he issued a bundle of pardons and commutations, which were granted in the final hours of his presidency. A few of the more notable ones include:
Family Members
- James Biden: President Biden’s younger brother.
- Sara Biden: James Biden’s wife.
- Francis Biden: President Biden’s other brother.
- Valerie Biden Owens: President Biden’s sister.
- John Owens: Husband of Valerie Biden Owens.
Political and Public Figures
- Dr. Anthony Fauci, Former National Institute of Allergy and Infectious Diseases Director.
- General Mark Milley, Former Chairman of the Joint Chiefs of Staff.
- Liz Cheney, Former U.S. Congressional Representative and Vice Chair of the House Select Committee on the January 6 Attack.
- Adam Schiff, Former U.S. Congressional Representative and member of the House Select Committee on the January 6 Attack.
Others
Some members of the House Select Committee on the January 6 Attack, including staff and acting officers.
U.S. Capitol, D.C. Metropolitan police officers who gave testimony before the January 6 Committee.
- Ernest William Cromartie: A Columbia councilman convicted of tax evasion.
- Gerald G. Lundergan: The former head of the Kentucky Democratic Party, found guilty of campaign finance violations.
These pardons were preemptive, protecting certain people from possible politically motivated prosecution attempts from the incoming government—as former President Trump did during his leave. Biden stressed that the pardons did not mean those people were guilty but that the legal action taken against them was unjust.
Moreover, on December 1, 2024, Biden gave a son of his pardoned all federal crimes he might have committed between 2014 and 2024. This was arguably the most controversial pardon ever given in history, and it was given to make sure Hunter Biden wouldn’t be prosecuted for ongoing investigations.
Moreover, on December 23, 2024, Biden commuted sentences of 37 prisoners serving the death sentence to life without parole. This was one of the biggest federal moves against the death penalty.
Many people have questioned the ethics behind using clemency, such as in this case, and have wondered what such a move means to justice and political ethics.
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Congratulations to President Donald Trump in getting inaugurated as the. 47th President of the United States of America. What are Trump’s federal income tax policies? Is President Donald Trump going to abolish the individual federal income tax? What are tariffs and how is the President implement tariffs? What is Trump going to do with the 80 IRS hired by the Biden-Harris Administration? Is he going to fire them?
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Congratulations to President Donald Trump on his inauguration as the 47th President of the United States. Let’s take a look at his plan on federal income tax, tariffs, and his approach toward the IRS’s involvement:
Federal Income Tax Policies
Extension of Tax Cuts:
- President Trump intends to extend the individual tax cuts included in the 2017 Tax Cuts and Jobs Act (TCJA), which will expire in 2025.
- These cuts are most beneficial to upper-income levels.
Corporate Tax Rate Reduction:
- Strategies involve cutting the corporate income tax from 21% to 20% and offering even lower rates to domestic manufacturers.
Abolition of Individual Federal Income Tax
There is no indication that President Trump plans to abolish the federal income tax. Such a change would profoundly affect revenue streams and require substantial legislative adjustments.
Tariffs and The External Revenue Agency
Definition of Tariffs:
- Tariffs are taxes levied on imported products.
- Tariffs are payable by US importers but not foreign exporters.
- Tariffs protect domestic industries and earn revenue.
Implementation of Tariffs:
- President Trump has imposed a 25 percent tariff on Canadian and Mexican goods commencing February 1, 2025, to enhance local manufacturing and decrease trade deficits.
External Revenue Agency:
- To facilitate the collection of tariffs, Trump seeks to create a new body, the External Revenue Agency, tasked with generating revenue through international trade.
- This is part of a wider trade strategy designed to pursue an America-first policy on trade.
Internal Revenue Service (IRS) Policies
Austere Measures:
- An executive order has been signed to stop federal hiring of IRS agents.
- Eighty-seven thousand the previous administration was planning to hire will stop new agents who are planned to be employed.
Retirement of IRS Employees
No new recruitment is currently in effect, but no statements are made regarding the firing of current IRS employees during the Biden-Harris administration. Trump’s decision makes staffing action inevitable.
This order signifies Trump’s promise to the electorate to reform the US economic policies and trade relations while focusing on protecting local industry and being fiscally conservative.
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What if I told you income tax, as we know it, could disappear forever?That’s exactly what President-elect Donald Trump is suggesting with his groundbreaking announcement of the **External Revenue Service—a plan to stop taxing Americans and start collecting revenue from foreign trade instead.This isn’t just a small tweak, but rather a complete rewrite of the U.S. taxation system that could be the solution to freeing Americans from income tax, and… it’s not just some crazy idea, its actually taking things back to how they were in the past. In this video, I will break down: the details of Trump’s ERS proposal, what this would mean for the US and the rest of the world, and… Iwhat the probability of something like this going through is and what to expect.
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Can you please give me the comprehensive details on President Donald Trump’s External Revenue Service, how it works, the benefits for Americans, and is the Internal Revenue Service going to get abolished? Does this mean Americans do not have to pay federal income taxes?
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President Donald Trump has informed the public about setting up an External Revenue Service (ERS), a new federal agency responsible for collecting tariffs, duties, and revenue from foreign sources. This is part of his economic strategy of “America First,” which aims to create significant revenue for the US Treasury by extracting a portion of trade from foreign actors.
Purpose of an External Revenue Service
The ERS is expected to streamline the collection of the diverse revenues from international trade, including, but not limited to, the following:
- Tariffs: an indirect tax imposed on goods purchased outside the customs territory to foster local businesses and generate tax revenue.
- Duties: particular charges placed upon specific commodities depending upon their quantity or value.
Other foreign-sourced revenues include additional income possibilities resulting from international business dealings.
The ERS seeks to achieve this by enhancing the revenue collection functions that pertain to foreign trade.
The Internal Revenue Service and Federal Income Tax Consequences
While Trump is suggesting the creation of the ERS, there has not been any announcement regarding the dissolution of the Internal Revenue Service. The IRS collects federal income taxes from American citizens and residents. The introduction of the ERS does not fundamentally abolish the IRS, as both agencies would have jurisdiction over international and domestic revenue.
Equally, no official statements suggest Americans would not have to pay federal income taxes with the new order in place. ERS is meant to supplement the tools available for foreign revenue collections instead of substituting them for domestic tax regimes.
Advantages for US Citizens
This means that the US could stand to benefit from ERS in the following ways:
- Increased Revenue: More foreign companies can help improve the US economy.
- Economic Protection: By imposing protective tariffs and duties, domestic industries can survive against foreign competition and save or create jobs.
- Trade Balance Improvement: Promoting equality in trade may mitigate the growing trade deficit.
The imposition of tariffs, however, can potentially drive up the prices of imported goods, which is likely to affect consumers adversely. Economists warn that these policies can also invoke defensive responses from trade partners and cause other more intricate economic effects.
Establishing the External Revenue Service, or ERS, marks a pivot point in the United States’ foreign trade and taxation policy toward revenue collection from abroad. Although it aims to strengthen the American economy, the ERS is not meant to supplant the Internal Revenue Service nor abolish federal income taxation for citizens now. Like most things, policies this drastic will have broad consequences, and citizens ought to be kept in the loop.
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President Donald Trump deployed 2,000 United States Marines to the Southern Border. This president is not screwing around and Governors like JB PRITZKER who have a big mouth and taunt Trump’s Deportation Agenda will find themselves in a Federal Prison. I would think twice before you threaten the Trump Administration that they need to go through them.
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JB PRITZKER tuned down a lot with Illinois State Police and local and county law enforcement agencies helping US Border and ICE Agents locking up illegal immigrants. The scene at Little Village, 26th Street and California was very quiet. Illegal migrants were hiding in their homes scared of Immigration and Custom Enforcement agents locking them up.
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Former Florida Senator Marco Rubio has been confirmed as the Secretary of State under the Trump Administration.
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