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shapanqqcceqd · Post by **shapanqqcceqd** » Sun Jan 19, 2025 5:04 am

Biden may leave enforcement of TikTok ban to Trump

According to ABC News, a Biden administration official said that the Biden administration does not plan to take action to force TikTok to immediately shut down its U.S. operations on Sunday. TikTok can still proactively choose to shut down its business on the same day. But the Biden administration now says it will not enforce the law, which took effect the day before he leaves office. A White House official said, "Our position on this issue is clear - TikTok should continue to operate under U.S. ownership. Given that the bill will take effect the weekend before Trump's inauguration, how to implement it will depend on the next administration.” The bill does not require TikTok to shut down on January 19, but if the app store continues to serve TikTok, it may be in trouble. The law gives the Department of Justice the power to fine each user up to $5,000.

Biden farewell speech: America is forming an oligarchy

On the evening of the 15th local time, outgoing US overseas chinese in europe user data President Biden delivered a farewell speech in the Oval Office of the White House. Biden said:

"I want to remind this country of something that worries me deeply, which is the dangerous concentration of power in the hands of a tiny handful of the ultra-rich. Today, the United States is creating an oligarchy of extreme wealth, power and influence that actually threatens us democracy, fundamental rights and freedoms, and a fair chance for everyone to succeed.”
Fed Waller: Multiple interest rate cuts likely in 2025

According to CNBC, Fed Waller said that this week's CPI data is very good. If there are more such data, the Fed may cut interest rates in the first half of the year, and believes that the possibility of an interest rate cut in March cannot be ruled out. If inflation falls, the Fed may cut interest rates more than the market expects. If the data cooperates, the Fed may cut interest rates 3-4 times in 2025.