Author: Cristin Dusks
Cristin Dusks
Cristin Dusks is a seasoned political news writer and author known for her in-depth coverage of international affairs. With a strong focus on Western politics, UK political dynamics, and emerging developments in Asian politics, Cristin brings a global perspective to her reporting. Her work explores the intersection of policy, diplomacy, and social change, offering readers comprehensive and thought-provoking analysis.
Last week, Elon Musk indicated for the first time that his Department of Government Efficiency was falling short of its goal. He previously said his powerful budget-cutting team could reduce the next fiscal year’s federal budget by $1 trillion, and do it by Sept. 30, the end of the current fiscal year. Instead, in a cabinet meeting on Thursday, Mr. Musk said that he anticipated the group would save about $150 billion, 85 percent less than its objective. Even that figure may be too high, according to a New York Times analysis of DOGE’s claims. That’s because, when Mr. Musk’s group tallies…
Stock prices fell sharply on Thursday after President Donald Trump the day before announced sweeping tariffs of 10% on all U.S. trading partners and higher levies on countries with which the U.S. has a trade deficit. With Thursday’s decline, the S&P 500 — a proxy for the broad U.S. stock market — has now slid more than 11% from its record high in February, putting the index in correction territory, defined as a drop of 10% or more from recent highs. Investors and economists alike fear that Trump’s tariff policies could ignite a trade war with the nation’s trading partners and push inflation higher, two factors…