Javier Milei, newly elected Argentinian president, begins 'shock therapy' by devaluing peso against dollar
Fox News
Argentina's new government has announced that it is devaluing its currency by more than 50% against the US dollar as part of a drastic effort to combat the nation’s economic woes.
"We are going to be worse off than before for a few months, particularly in terms of inflation," Caputo said. "And I say that because, as the president says, it is better to tell an uncomfortable truth than a comfortable lie." Michael Dorgan is a writer for Fox News Digital and Fox Business.
You can send tips to michael.dorgan@fox.com and follow him on Twitter @M_Dorgan.
Libertarian Milei was sworn in as president of the second-largest economy in South America on Sunday and immediately warned of tough measures. It followed on from a campaign pledge of "economic shock therapy" to Argentina and a pledge to significantly slash the size of the state by reducing the number of ministries from 18 to 9.
In response to the Biden administration loosening key immigration restrictions, New York City Mayor Eric Adams sounded off on the federal government, saying that Americans are "fed up with our broken immigration system."
NBA players have been put on high alert after star athletes were victims of home invasions that are believed to have been committed by individuals with tied to international crime.
A liberal professor of law at Yale University wrote a New York Times guest essay admitting that the lawfare used against President-elect Trump throughout his career has backfired.
President-elect Trump will take office just as Iran has the potential to become the world’s 10th nuclear-armed state, and it’s not clear if either side knows how it will approach the other.
A Brazilian man living illegally in the Unites States was arrested this week by immigration authorities in a Massachusetts sanctuary city.
Rep. Eric Burlison, R-Mo., plans to introduce a measure to abolish the ATF which then-Rep. Matt Gaetz, R-Fla., previously introduced in 2023.
Criminal justice advocates hope to replicate their first-term successes under a second Trump term.
Bondi, 59, is seen by many as a loyal Trump ally and sharp legal mind
Trump new attorney general nominee Pam Bondi can rely on her experience as both a county prosecutor and as Florida AG. In that role, she championed anti-human-trafficking legislation.
Republicans are facing backlash after President Biden and Majority Leader Schumer scored judicial wins as a result of GOP Senate absences.
The person who will be nominated to lead Immigration and Customs Enforcement (ICE) is expected to be announced in the coming days, sources tell Fox News Digital.