Tag: wont

Vance tells world leaders AI must be ‘free from ideological bias,’ American tech won’t be censorship tool

Vice President JD Vance told world leaders in Paris that AI must be free from ideological bias, and that American tech wont be a censorship tool. (Credit: Reuters)

Vice President JD Vance told world leaders in Paris on Tuesday that the United States intends to remain the dominant force in artificial intelligence (AI) and warned that the European Union’s far tougher regulatory approach to the technology could cripple it.

Vance warned that the technology should be free from ideological bias and that President Donald Trump’s administration would ensure that the most powerful artificial intelligence systems would be built in the United States. He added that Washington wanted to partner with the world in the industry.

“We feel very strongly that AI must remain free from ideological bias and that American AI will not be co-opted into a tool for authoritarian censorship,” said Vance, at his first scheduled trip abroad since taking office.

Vice President JD Vance told world leaders in Paris that the United States intends to remain the dominant force in AI and warned that the EU’s far tougher regulatory approach to the technology could cripple it. (REUTERS/Benoit Tessier / Reuters)

MUSK-LED GROUP OF INVESTORS SUBMIT UNSOLICITED BID OF $97.4B TO TAKE OVER OPENAI: REPORT

“We believe that excessive regulation of the AI sector could kill a transformative industry just as it’s taking off, and we’ll make every effort to encourage pro-growth AI policies and I’d like to see that deregulatory flavor making its way into a lot of the conversations at this conference.”

Vance was speaking at the AI Action Summit where world leaders, top tech executives and policymakers gathered to discuss the technology’s impact on global security, economics and governance. French President Emmanuel Macron, Indian Prime Minister Shri Modi and Chinese Vice Premier Zhang Guoqing were among those in attendance.

The summit comes weeks after Trump announced a new $500 billion AI infrastructure project called Stargate.

Vance said that Europe’s online privacy rules, known by the acronym GDPR, meant endless legal compliance costs for smaller firms.

European lawmakers last year approved the bloc’s AI Act, the world’s first comprehensive set of rules governing the technology. Tech giants and some capitals are pushing for it to be enforced leniently.

Vice President JD Vance speaking at the summit on Tuesday. (LUDOVIC MARIN/AFP via Getty Images / Getty Images)

ELON MUSK AND TECH LEADER SAM ALTMAN GET INTO WAR OF WORDS OVER AI INFRASTRUCTURE PROJECT

Vance has previously suggested the U.S. should reconsider its NATO commitments if European governments impose restrictions on Elon Musk’s social media platform, X.

“Many of our most productive tech companies are forced to deal with the EU’s Digital Services Act and the mass of regulations it created about taking down content and policing so-called misinformation,” Vance said.

“And of course, we want to ensure that the internet is a safe place, but it is one thing to prevent a predator from preying on a child on the internet, and it is something quite different to prevent a grown man or woman from accessing an opinion that the government thinks is misinformation.

Vance said that hostile foreign adversaries have weaponized AI software to rewrite history, surveil users, censor speech and undermine other nations’ national security. He said the Trump administration will work to safeguard American AI and chip technologies from theft and misuse.

He also said American workers will be central to the United States’ policies on AI.

Vance said American workers will be central to the United States’ policies on AI. (iStock / iStock)

“We believe – and we will fight for policies that ensure – that AI is going to make our workers productive, and we expect that they will reap the rewards, with higher wages, better benefits and safer and more prosperous communities,” Vance said. “From law to medicine, manufacturing, the most immediate applications of AI almost all involved supplementing – not replacing – the work being done by Americans.”

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The U.S. and the U.K. did not sign the Paris AI Summit’s declaration entitled “Statement on Inclusive and Sustainable Artificial Intelligence.”

The communiqué prioritizes “ensuring AI is open, inclusive, transparent, ethical, safe, secure and trustworthy, taking into account international frameworks for all” and “making AI sustainable for people and the planet.”

It wasn’t immediately clear why the U.S. and the U.K. did not sign up.

Reuters contributed to this report.

February 11, 2025
Russia says US relations ‘on the brink of a breakup,’ won’t confirm Trump-Putin talk

Russian President Vladimir Putin’s regime suggested relations between Washington, D.C., and Moscow are on “the brink” of collapse this week.

Russian Deputy Foreign Minister Sergei Ryabkov made the announcement during a Monday press conference. Ryabkov reiterated Putin’s stance that there would be no peace in Ukraine unless the country dropped its ambitions to join NATO and ceded Russian-occupied regions.

“We simply imperatively need to get … the new U.S. administration to understand and acknowledge that without resolving the problems that are the root causes of the crisis in Ukraine, it will not be possible to reach an agreement,” Ryabkov said.

While President Donald Trump said on Sunday that he has spoken to Putin, a spokesman for the Russian leader declined to confirm the call this week.

ZELENSKYY WANTS NUKES OR NATO; TRUMP SPECIAL ENVOY KELLOGG SAYS ‘SLIM AND NONE’ CHANCE

Russian President Vladimir Putin’s regime says relations with the U.S. are on the “brink” of a breakup. (Left: Evan Vucci/AP / Right: Photo by VYACHESLAV PROKOFYEV/POOL/AFP via Getty Images)

Trump told reporters aboard Air Force One on Sunday that he expects to have “many more conversations. We have to get that war ended.”

“I hate to see all these young people being killed. The soldiers are being killed by the hundreds of thousands,” he added.

TRUMP’S FOURTH WEEK IN OFFICE COULD INCLUDE MEETING WITH ZELENSKYY, IRONING OUT STEEL DEAL

Meanwhile, Ukrainian President Volodymyr Zelenskyy is preparing to meet with Vice President JD Vance at the Munich Security Conference later this week after confirming on Friday he is ready to “do a deal” with President Donald Trump.

Volodymyr Zelenskyy President of Ukraine talks with media during a European Council Meeting. (Pier Marco Tacca/Getty Images)

According to an interview with Reuters, Zelenskyy said he was ready to supply the U.S. with rare-earth minerals in exchange for Washington’s continued backing of its war effort.

“If we are talking about a deal, then let’s do a deal, we are only for it,” Zelenskyy said.

The Ukrainian president has made clear he is also open to engaging in peace talks with Russia to end the three-year-long war, though possible terms for securing a peace deal remain varied and unknown.

A view of destroyed armored vehicles and tanks belonging to Russian forces after they withdrew from the city of Lyman in the Donetsk region of Ukraine. (Metin Aktas/Anadolu Agency via Getty Images)

Though Zelenskyy has said he is looking for “guarantees” when it comes to future security assurances for the war-torn country.

These security assurances will likely need to be more than a formal handshake paired with a signed document, as Russia has twice violated its last agreement with Ukraine, known as the 1994 Budapest Memorandum.

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Zelenskyy apparently first floated the idea of trading Ukraine’s mineral resources – roughly 20% of which are located in now Russian-controlled territory, including half of the rare-earth variety – under his “victory plan” first presented to Western allies last fall, reported Reuters.

Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to [email protected], or on Twitter: @Hagstrom_Anders.

February 11, 2025
Ex-Cowboys star Dez Bryant predicts team won’t see success under new head coach Brian Schottenheimer

Former Dallas Cowboys wide receiver Dez Bryant was brutally honest this week when asked about his former team’s choice for new head coach, saying he believes the team will not be successful under first-year head coach Brian Schottenheimer.

Bryant, who spent the majority of his NFL career in Dallas from 2010 to 2017, did not appear to be sold on Schottenheimer, who took over for Mike McCarthy after spending two seasons as offensive coordinator.

FILE – Dallas Cowboys wide receiver Dez Bryant (88) celebrates his fourth-quarter touchdown with teammates including guard Jonathan Cooper (64) against Washington at AT&T Stadium on Nov. 30, 2017. (Matthew Emmons-USA TODAY Sports)

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“I’m an energy person,” Bryant told Yahoo Sports ahead of Super Bowl LIX.

“I don’t know the coach, so I can’t say he’s gonna do good – I can’t wish good or bad on him. But my energy is telling me that it won’t be successful. I just think it’s going to be too much for him.”

Schottenheimer, 51, takes over amid much speculation. Despite a lengthy career as an assistant coach, next season will be his first at the helm. But during his introductory press conference with owner Jerry Jones, Schottenheimer explained that he was finally ready for the job.

Dallas Cowboys Head Coach Brian Schottenheimer and owner Jerry Jones speak to the media at a press conference at the Star on Jan. 27, 2025. (Tim Heitman-Imagn Images)

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“I’ve had some opportunities when I was a much younger man, that I didn’t feel like I was ready,” Schottenheimer said. “I’m ready now. I know what I want. I know what it looks like.”

But Bryant believes there are outside factors that Schottenheimer might not be prepared for.

“I think it’s bigger than him just being the head coach. I don’t think he can deal with the scrutiny of the fans, you get what I’m saying? Us Cowboys fans, us Texans – we love our football. We’re ready to win. Cowboys ain’t won a Super Bowl since the ’90s. I was a fan playing for the hometown team, so I get it.”

COWBOYS STAR MICAH PARSONS REVEALS PLAN IF HE DOESN’T HAVE NEW CONTRACT BY TRAINING CAMP

Former Dallas Cowboys player Dez Bryant before the game against the New York Giants at MetLife Stadium on Sept. 26, 2022. (Brad Penner-USA TODAY Sports)

“I don’t see success,” he added.

Bryant also noted that the offseason coaching pool had several coaching candidates he believes would’ve been a better fit in Dallas.

“There were guys that could take this team to the next level, and I feel like we let it slip though our fingers to have a shot at success.”

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Schottenheimer becomes the seventh coach since the last time the Cowboys reached an NFC championship game — in the 1995 season on the way to their fifth Super Bowl title. He replaced McCarthy, who parted ways with the organization after three straight 12-5 seasons.

Super Bowl LIX will be streamed on Tubi. (Tubi)

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The Associated Press contributed to this report.

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February 7, 2025
Top DOJ official says FBI employees who ‘simply followed orders’ on Jan 6 investigations won’t be fired

Mass exodus at the FBI and DOJ expected

Fox News correspondent David Spunt has the latest on the debate surrounding President Donald Trump’s efforts to overhaul the FBI and Justice Department on ‘Special Report.’

FBI employees who “simply followed orders” with respect to their investigations into Jan. 6 defendants will not be fired or face any other penalties, Acting Deputy Attorney General Emil Bove confirmed in an internal memo.

Bove’s memo this week accused Acting FBI Director Brian Driscoll of refusing to reply to requests from President Donald Trump’s administration to identify “the core team in Washington, D.C. responsible for the investigation relating to events on January 6, 2021.”

“That insubordination necessitated, among other things, the directive in my January 31, 2025 memo to identify all agents assigned to investigations relating to January 6, 2021. In light of acting leadership’s refusal to comply with the narrower request, the written directive was intended to obtain a complete data set that the Justice Department can reliably pare down to the core team that will be the focus of the weaponization review pursuant to the Executive Order,” Bove wrote.

“Let me be clear: No FBI employee who simply followed orders and carried out their duties in an ethical manner with respect to January 6 investigations is at risk of termination or other penalties,” Bove continued. “The only individuals who should be concerned about the process initiated by my January 31, 2025 memo are those who acted with corrupt or partisan intent, who blatantly defied orders from Department leadership, or who exercised discretion in weaponizing the FBI.”

FBI AGENTS GROUP TELLS CONGRESS TO TAKE URGENT ACTION TO PROTECT AGAINST POLITICIZATION

Acting leadership at the FBI is refusing to cooperate with President Donald Trump’s administration, Acting Deputy Attorney General Emil Bove claimed in a memo. (AP/iStock)

“There is no honor in the ongoing efforts to distort that simple truth or protect culpable actors from scrutiny on these issues, which have politicized the Bureau, harmed its credibility, and distracted the public from the excellent work being done every day. If you have witnessed such behavior, I encourage you to report it through appropriate channels,” he added.

Bove’s latest memo comes after a group of nine FBI agents filed a lawsuit Tuesday seeking to block the public identification of any FBI employees who worked on the Jan. 6 investigations.

FBI AGENTS GROUP TELLS CONGRESS TO TAKE URGENT ACTION TO PROTECT AGAINST POLITICIZATION

The plaintiffs, who filed the lawsuit anonymously in the U.S. District Court for the District of Columbia, said that any effort to review or discriminate against FBI employees involved in the Jan. 6 investigations would be “unlawful and retaliatory,” and a violation of civil service protections under federal law.

Acting Deputy Attorney General Emil Bove, a former Trump attorney, directed the FBI acting director to fire seven specific employees by Monday. (Angela Weiss – Pool/Getty Images)

The lawsuit cited the questionnaire employees were required to fill out detailing their specific role in the Jan. 6 investigation and Mar-a-Lago investigation led by former Special Counsel Jack Smith.

AFTER STINGING ELECTION DEFEATS, DNC EYES RURAL VOTERS AS KEY TO 2026 MIDTERM SUCCESS

Acting FBI Director Brian Driscoll is blocking the release of information on the FBI’s investigations into Jan. 6, Bove said. (FBI)

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President Donald Trump declined to answer questions on Monday over whether his administration would remove FBI employees involved in the investigation into the Jan. 6, 2021, U.S. Capitol riot, telling reporters only that he believes the bureau is “corrupt” and that his nominee for FBI director, Kash Patel, will “straighten it out.”

Fox News’ Breanne Deppisch contributed to this report

Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to [email protected], or on Twitter: @Hagstrom_Anders.

February 5, 2025
Tulsi Gabbard explains why she won’t call Edward Snowden a ‘traitor’ ahead of tough committee vote

Tulsi Gabbard is seeking to assuage senators’ concerns about her nomination in a new opinion piece explaining why she thought “traitor” was too harsh a word for Edward Snowden.

Gabbard, President Donald Trump’s pick for director of national intelligence (DNI), did not endorse Snowden’s whistleblowing actions during her confirmation hearing, but her refusal to call him a traitor left some Republicans unsettled.

She admitted that Snowden’s release of classified information to the media “harmed our national security” but also “revealed illegal and unconstitutional government programs that conducted mass surveillance of millions of Americans’ data.”

Gabbard elaborated in a Newsweek op-ed. “Given the interest by committee members about whether Edward Snowden should be called a ‘traitor,’ here’s what I shared with the Senate Intelligence Committee in the closed session about why I do not casually throw around that term: Treason is a capital offense, punishable by death, yet politicians like former Secretary of State Hillary Clinton and former US Senator Mitt Romney have slandered me, Donald Trump Jr. and others with baseless accusations of treason.”

TOP SENATE INTELLIGENCE DEM GRILLS GABBARD IF EDWARD SNOWDEN IS ‘BRAVE’: ‘VERY TROUBLING’

Former Rep. Tulsi Gabbard gave testimony to the Senate Intelligence Committee on Jan. 30, 2025. (AP)

“Snowden should have raised his concerns about illegal surveillance through authorized channels, such as the Inspector General or the Intelligence Committee, instead of leaking to the media,” she wrote.

Gabbard struck a different tone as a Democratic member of the House, when she introduced a resolution with former Rep. Matt Gaetz, R-Fla., calling for all charges to be dropped against Snowden. She also put forth a bill that would have offered additional whistleblower protection for people like Snowden.

‘WARRIOR WHOSE VOTE CANNOT BE BOUGHT’: HUNDREDS OF VETS POUR OUT IN SUPPORT OF TULSI GABBARD FOR DNI

“If it wasn’t for Snowden, the American people would never have learned the NSA was collecting phone records and spying on Americans,” she said on Joe Rogan’s podcast in 2019.

Snowden, who now lives in exile in Russia, leaked classified documents about global surveillance programs that pitted national security concerns against privacy concerns.

If confirmed as DNI, Gabbard said she would not protect those who go outside authorized whistleblower channels to leak classified information, but she would also establish a hotline directly to herself for whistleblowers.

Edward Snowden leaked classified documents about global surveillance programs that pitted national security concerns against privacy concerns. (Getty)

Gabbard added that she would institute proper oversight to protect against illegal intelligence collection programs and conduct security clearance reform to minimize access to highly classified intelligence.

She also promised to end “weaponization” of the intelligence community and pointed to the Iraq War as a prime “failure of intelligence.”

“This disastrous decision led to the deaths of thousands… And it led to the rise of ISIS, the strengthening of al-Qaeda and other Islamist Jihadist groups, and the emboldening of Iran.”

TULSI GABBARD CONFIRMATION FATE TO BE TESTED WITH KEY COMMITTEE VOTE

As a Hawaii Democrat in the House, Tulsi Gabbard had supported dropping charges against Edward Snowden. (AP Photo/Marco Garcia, File)

During her confirmation hearing, Gabbard was also pressed on her past meetings with then-Syrian dictator Bashar al-Assad, her previous Section 702 of FISA stance and her views on Russia.

While Intel Committee Chair Tom Cotton, R-Ark., has continued to promote Gabbard for the role. Sen. Todd Young, R-Ind., initially a skeptic, announced Tuesday morning he would support Gabbard’s confirmation in a committee vote after receiving written assurances about her perspective on whistleblowers.

Gabbard will likely need the support of every single Republican on the committee, assuming no Democrats vote in her favor. None of the Democratic senators have said they will vote to advance her nomination.

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She clinched support from other GOP skeptics – Sens. James Lankford, R-Okla., Sen. John Cornyn, R-Texas, and Susan Collins, R-Maine, after her hearing.

Gabbard still has not won the support of Sens. Mitch McConnell, R-Ky., Jerry Moran, R-Kans., Lisa Murkowski, R-Alaska, and John Curtis, R-Utah.

Fox News’ Julia Johnson contributed to this report.

February 4, 2025
RFK Jr. vows he won’t take cheeseburgers away, just highlight health issues: ‘My boss loves’ them

President Donald Trump’s pick to lead the Department of Health and Human Services Robert F. Kennedy Jr. said in his confirmation hearing before the Senate Finance Committee on Wednesday that his objective to making “America Healthy Again” will not include taking food such as cheeseburgers or Twinkies off of the shelves – quipping his boss has a soft spot for fast food.

“Most importantly, we need to use, deploy, NIH and FDA to doing the research to understand the relationship between these different food additives and chronic diseases so that Americans understand it,” Kennedy explained before the committee on Wednesday.

“But I don’t want to take food away from anybody. If you like a cheeseburger, a McDonald’s cheeseburger, or a Diet Coke, which my boss loves, you should be able to get them,” he said, which sparked laughter from the audience.

“If you want a Hostess Twinkies, you should be able to do that. But you should know what the impacts are on your family and on your health,” he explained.

TRUMP INNER CIRCLE SHARES MCDONALD’S MEAL AS DONALD JR. JOKES ‘MAKE AMERICA HEALTHY AGAIN STARTS TOMORROW’

US Secretary of Health and Human Services nominee Robert F. Kennedy Jr. takes his seat as he arrives during a Senate Finance Committee hearing on his nomination to be Health and Human Services Secretary, on Capitol Hill in Washington, DC, January 29, 2025. (ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Trump has long been a well-known fan of Diet Coke and McDonald’s fast-food, including re-installing a Diet Coke button on the Resolute Desk in the Oval Office to swiftly deliver him the soft drink, and campaigned at a Pennsylvania McDonald’s ahead of the Nov. 5 election.

WOMAN SERVED BY TRUMP AT MCDONALD’S DRIVE-THRU REVEALS DETAILS BEHIND VIRAL EXCHANGE WITH FORMER PRESIDENT

Kennedy’s hearing on Wednesday before the Senate Finance Committee is just the first, with the nominee scheduled to again join lawmakers on Capitol Hill on Thursday to appear before the Health, Education, Labor, and Pensions Committee. Kennedy has been at the forefront of “MAHA,” or Make America Health Again, movement within Trump’s orbit.

Republican presidential nominee and former President Donald Trump, left, uses a frier as an employee looks on during a visit to McDonald’s in Feasterville-Trevose, Pa., Sunday, Oct. 20, 2024. (Doug Mills/The New York Times via AP, Pool)

Kennedy’s hearing was expected to be fiery, as the son of former U.S. Attorney General Robert F. Kennedy has come under fire for his critical stance on vaccines and food additives. Kennedy defended in his hearing that he is not “anti-vaccine.”

TRUMP MAKES FRIES AT PENNSYLVANIA MCDONALD’S: ‘I’VE NOW WORKED FOR 15 MINUTES MORE THAN KAMALA’

Donald Trump sharing a McDonald’s meal on his campaign plane with Elon Musk, Donald Trump Jr., House Speaker Mike Johnson and Robert F. Kennedy Jr. (Donald Trump Jr. / X)

“I worked for years to raise awareness about the mercury and toxic chemicals in fish. And nobody called me anti-fish. And I believe that … that vaccines play a critical role in health care. All of my kids are vaccinated. I’ve read many books on vaccines. My first book in 2014, a first line of it is ‘I am not anti-vaccine’ and last line is ‘I am not anti-vaccine.’ Nor I’m the enemy of food producers, American farms and the bedrock of our culture, of our politics, of our national security,” he said on Wednesday.

‘VINDICTIVE’: DEMOCRAT IN TIGHT SENATE RACE BLASTED BY GOP RIVAL FOR SWIPE AT MCDONALD’S AFTER TRUMP VISIT

Left: RFK Jr in a photo from congressional testimony. Right: Then-presidential nominee Donald Trump poses with employees during a campaign event at McDonald’s restaurant on October 20, 2024 in Feasterville-Trevose, Pennsylvania. (Getty Images)

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“In my advocacy, I’ve often disturbed this status quo. I am asking uncomfortable questions. Well, I’m not going to apologize for that. We have massive health problems in this country that we must face,” he added.

January 29, 2025
Individuals receiving direct assistance won’t be impacted by federal funding freeze, press secretary says

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President Donald Trump’s White House Press Secretary Karoline Leavitt said that federal individual assistance will not be affected by a freeze on federal grants and loans.

“I have now been asked and answered this question four times,” Leavitt told reporters Tuesday during her first White House press briefing on Tuesday. “To individuals at home who receive direct assistance from the federal government: You will not be impacted by this federal freeze.”

Programs including Social Security benefits, Medicare, food stamps, welfare benefits and other assistance going directly to individuals will not be impacted under the pause, according to Leavitt.

TRUMP DHS REPEALS KEY MAYORKAS MEMO LIMITING ICE AGENTS, ORDERS PAROLE REVIEW

White House Press Secretary Karoline Leavitt speaks to members of the press in the grounds of the White House in Washington, D.C., on January 22, 2025. (Getty)

“There is no uncertainty in this building … this is not a blanket pause on federal assistance and grant programs from the Trump administration,” Leavitt said.

The Office of Management and Budget issued a memo on Monday issuing a pause on all federal grants and loans aiming to eradicate “wokeness” and the “weaponization of government” to improve government efficiency.

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“Federal agencies must temporarily pause all activities related to obligation or disbursement of all Federal financial assistance, and other relevant agency activities that may be implicated by the executive orders, including, but not limited to, financial assistance for foreign aid, nongovernmental organizations, DEI, woke gender ideology, and the green new deal,” the memo, obtained by Fox Digital, reads.

The pause takes effect at 5 p.m. Eastern Standard Time on Tuesday.

Fox News’ Emma Colton contributed to this report.

January 28, 2025
Michigan Democratic Senator Gary Peters says he won’t seek re-election

Michigan Democratic Sen. Gary Peters will not seek re-election when his term ends in Jan. 2027, Fox News has confirmed.

Peters, a two-term senator and former congressman, told the Detroit News in an interview published Tuesday that he will start a “new chapter,” spending more time with family after nearly two decades of public service.

“I always thought there would be a time that I would step aside and pass the reins for the next generation. I also never saw service in Congress as something you do your whole life,” Peters told the outlet.

“And that goes back to 2008 when I first won that House seat. I thought it would be for a matter of a few terms that I would serve, and then I would go back to private life.”

His decision to retire leaves open a senate seat in a key battleground state President Donald Trump won in 2024. But Democrats held a similarly open seat when Sen. Elissa Slotkin, D-Mich., narrowly defeated Republican Mike Rogers.

Peters was one of three Democratic senators up for re-election in 2026 that the National Republican Senatorial Committee (NRSC) was planning on heavily targeting as they aim to expand their current 53-47 majority in the Senate. The other two Democrats are Sens. Jon Ossoff of Georiga and Jeanne Shaheen of New Hampshire.

“Gary Peters is reading the room. After spending years ignoring illegal immigration and destroying his state’s auto industry, Michigan is better off without him,” NRSC chair Sen. Tim Scott of South Carolina argued in a statement.

Scott emphasized that “we’re committed to giving them a fighter that will stand with President Trump to restore the economic prosperity and security of our country.”

This is a developing story and will be updated.

Fox News’s Chad Pergram contributed to this report. This is a breaking news story. Check back for updates.

Chris Pandolfo is a breaking news reporter for Fox News Digital. Send tips to [email protected] and follow him on Twitter @ChrisCPandolfo.

January 28, 2025
LA real estate agent reveals No. 1 reason why Pacific Palisades residents won’t return

Former ‘Million Dollar Listing’ star and Los Angeles real estate agent Josh Altman provides an update on wildfire recovery and rebuilding efforts, and previews President Donald Trump’s visit to disaster sites.

After making a shocking prediction that up to 70% of Pacific Palisades residents won’t return to rebuild and live in their homes, former “Million Dollar Listing” real estate agent Josh Altman is explaining exactly why.

“They’re not going to not return because they don’t want to return. Of course they want to go back there… They’re not going to return because it’s simple math,” Altman said on “FOX Business Live,” Friday.

“I don’t believe they’re going to be able to afford to rebuild with most of the people that are heavily underinsured, with the costs of construction, lumber, steel. We’re talking about a $1,000 [per] foot building in the Palisades and in Malibu.”

Southern California has been grappling with a surge of wildfires since Jan. 7. Over 50,000 acres have been scorched, 28 people have been killed and upwards of 16,000 homes and buildings have been completely lost.

L.A. CELEBRITY BROKER IS HOLDING WILDFIRE ‘BAD’ APPLES ACCOUNTABLE, URGING THEM TO ‘GET THEIR ACT TOGETHER’

President Donald Trump declared a national emergency Friday after touring the devastation in Los Angeles with residents who were personally impacted by the disastrous event.

Former “Million Dollar Listing” star Josh Altman argues that the main reason why up to 70% of Pacific Palisades residents won’t return to their homes is due to expensive insurance and buildings costs, on “FOX Business Live.” (FOXBusiness)

Early estimates put the total financial loss of the wildfires in the $50 billion range, according to AccuWeather and JPMorgan. Leading up to the fires, several insurance companies either fled, stopped writing new policies or reduced coverage in the Golden State.

“And that’s on top of getting a construction crew to show up to your site when there’s 16,000 structures that have been burned between houses, schools, commercial spaces. It’s a disaster,” Altman expanded. “That’s what I’m saying, I don’t know that they’ll be able to do it with the insurance.”

Newsom signed off on a relief package where the state will spend $2.5 billion to help with wildfire recovery. But Altman wants Newsom to take his response a step further by removing bureaucratic roadblocks that make building homes in California timely and costly.

New York City real estate agents Dolly and Jenny Lenz discuss the Los Angeles wildfires and the impact it will have on the local housing market on ‘FOX Business Live.’

“The recipe for success is going to be cutting the red tape. Building a house, the process in California, which is just wrapped in red tape, is absolutely impossible: a year to get permits; you’ve got the Coastal Commission, which could be another two years. It’s time for the governor to start cutting the red tape. We got to move forward as a team,” he said.

“There’s been a lot of ordinances and a lot of things on the state and local level that have to go. The mansion tax, that was the worst tax that was ever passed,” Altman continued. “Get rid of it for all the people who lost their houses. The wildlife ordinance, get rid of it. Start cutting the red tape. That’s how we’re going to get back to being [a] strong Los Angeles.”

The real estate expert, who spoke ahead of the president’s visit, hoped Trump seeing the devastation with his own eyes would lead to more federal aid and assistance.

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The Oppenheim Group’s founder and ‘Selling Sunset’ lead broker talks to Fox News Digital about how he’s speaking out against landlords taking advantage of price gouging amid California’s devastating wildfires.

“You have to see it. I have walked the Palisades, I have walked Malibu. It is way worse in person than you could ever imagine. Hopefully that will open up funding on the federal level.”

Critical fire conditions waned across the region, Friday, with isolated pockets of rain expected over the weekend. The beneficial rain will peak in coverage Sunday, but could trigger mudslides in burn-scar areas.

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Fox News’ Stepheny Price and FOX Weather’s Chris Oberholtz contributed to this report.

January 25, 2025

Trump’s fiscal clean-up job won’t be easy

FOX Business contributor Gary Kaltbaum reacts to President Donald Trump declaring a ‘golden age’ in America on ‘Making Money.’

President Donald Trump was sworn in amid much fanfare and celebration, and got straight to work on Monday. He started with a hiring freeze for federal workers and a regulatory freeze as part of a slew of executive orders, but taming the U.S. fiscal situation may prove more challenging.

“The biggest headwind is probably the massive debt and the very, very bloated budget, a lot of which contains spending. It’s money that hasn’t actually been spent at this point but is still slated to go out the door. You know, promises of future spending. So that’s going to be very, very problematic,” EJ Antoni, research fellow at The Heritage Foundation, told FOX Business before Trump took office.

President Donald Trump sings a second executive order during the inaugural parade inside Capital One Arena on the inauguration day of his second presidential term in Washington, D.C., on Monday. (Reuters/Carlos Barria / Reuters)

The national debt — which measures what the U.S. owes its creditors — is sitting above $36 trillion and growing, as tracked by the U.S. Treasury Department.

PRESIDENT TRUMP’S KEY FISCAL DEADLINES

As for the budget, the nonpartisan Congressional Budget Office (CBO) on Friday released its latest 10-year budget and economic outlook, which showed the federal government is on track to break a debt record set nearly 80 years ago.

MELANIA TRUMP STUNS IN AMERICAN DESIGNERS

“From 2025 to 2035, debt rises as increases in spending on Social Security, Medicare and interest payments outpace growth in revenues,” CBO Director Phillip Swagel told reporters.

The federal government is projected to run a $1.9 trillion budget deficit in fiscal year 2025. The deficit is projected to briefly decline in the next two years before resuming its rise. The short-lived drop is tied to the expiration of portions of Trump’s 2017 Tax Cuts and Jobs Act, which expires at the end of this year. However, Trump’s treasury pick, Scott Bessent, is vowing not to let that happen. Bessent is expected to sail through the confirmation process.

SCOTT BESSENT VOWS TO MAKE 2017 TAX CUTS PERMANENT

Scott Bessent, President Donald Trump’s nominee to be treasury secretary, testifies during his Senate Finance Committee confirmation hearing in Dirksen building in Washington, D.C., on Thursday. (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)

“We must make permanent the 2017 Tax Cuts and Jobs Act and implement new pro-growth policies to reduce the tax burden on American manufacturers, service workers and seniors,” Bessent told the Senate Finance Committee at his confirmation hearing. “President Trump was the first president in modern times to recognize the need to change our trade policy and stand up for American workers.”

President Donald Trump reviews the troops during his Inauguration ceremony in Emancipation Hall of the U.S. Capitol in Washington, D.C., on Monday. (Greg Nash/Pool/AFP via Getty Images / Getty Images)

The CBO’s analysis is based on current law, so changes to federal tax and spending policies could alter those figures.

Another devil in disguise: the Federal Reserve’s easing cycle aimed at tackling inflation. Policymakers cut rates three times in 2024, a 50-basis-point cut, followed by two quarter-point moves. Still, the 10-year Treasury yield, which sets rates for several borrowing metrics including mortgage rates, remains above 4%. Mortgage rates just topped 7%, according to Freddie Mac, rising for the fifth straight week.

Investors did celebrate the latest consumer price index reading, which held no surprises. The core rate, which excludes volatile food and energy, rose 3.2% in December on an annual basis, less than the 3.3% economists had expected. At the Fed’s first meeting of the year, on Jan. 29, market participants expect no change, according to the CME’s FedWatch Tool.

Ticker	Security	Last	Change	Change %
BNO	UNITED STATES BRENT OIL FUND – USD ACC	31.98	-0.20	-0.64%
USO	UNITED STATES OIL FUND – USD ACC	80.42	-0.68	-0.84%
GLD	SPDR GOLD SHARES TRUST – USD ACC	254.38	+1.29	+0.51%

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Still, inflation remains a wild card. Nymex and Brent crude have gained more than 8% this year, and gold is trading just under its all-time high of $2,788.50 an ounce.

January 23, 2025

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Mass exodus at the FBI and DOJ expected