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economic concerns overshadow gdp growth as americans feel financial strain
Treasury Secretary Scott Bessent has criticized the accuracy of GDP numbers, asserting that the Biden administration overlooked the real economic struggles faced by Americans. He emphasized the importance of addressing public sentiment over statistical data, as rising gas prices and grocery costs continue to strain household finances. Amidst a turbulent economic landscape and a trade war initiated by Trump, Bessent vowed to prioritize understanding the anxieties of the public in shaping economic policy.
Trump Appoints David Sacks as White House AI and Crypto Czar
President-elect Donald Trump has appointed venture capitalist David Sacks as the “White House A.I. & Crypto Czar,” tasked with shaping policies on artificial intelligence and cryptocurrency. Sacks, a prominent supporter of Trump, will create a legal framework for crypto and lead a presidential council on science and technology, aiming to position the U.S. as a global leader in these fields while advocating for free speech online. This appointment reflects a shift in Sacks' stance towards Trump, who previously criticized him after the Capitol riot.
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