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There has been talk around the country lately of a recession and what to do to prevent it from happening.President Donald Trump has pushed the idea of significantly lowering interest rates.So, what would that mean for the average American? "What it does is it shifts the economic balance of power towards borrowers and away from lenders,” said Miles Kimball, Professor of Economics at the University of Colorado Boulder. “And guess what, people who borrow money are people who are more eager to spend than lenders." This could make getting a loan easier and more affordable.Kimball says if interest rates drop, it encourages people to spend money they've been saving rather than leave it in the bank."All of a sudden you think about a zero percent loan, obviously the economic benefit is huge there," said a new home buyer, Todd.Zillow says the average price of a home is 1,000. With a 3.8% interest rate, a payment would be ,144, but even if the rate dropped to just 1%, it would be 8. Although that sounds amazing, banks would have to charge fees because they would be handing out more money than depositors are putting in. 1146

The principal at the Parkland, Florida high school where 17 people were killed in a mass shooting in 2018 has been removed from his position and is currently under investigation, 191

The Trump administration is moving forward with plans to implement collection of DNA from migrants who've been arrested, according the Department of Homeland Security.The move, being done in coordination with the Department of Justice, comes on the heels of months of historic high apprehension numbers on the southern border and is likely to receive pushback from immigrant advocacy groups.DHS is currently working under exceptions put in place nearly a decade ago. In 2010, then-Secretary of Homeland Security Janet Napolitano 541

The Trump administration is waiving federal contracting laws to speed construction of a U.S.-Mexico border wall, moving the president closer to fulfilling a signature campaign promise in an election year but sparking criticism about potential for fraud, waste and abuse. The Department of Homeland Security said Tuesday it'll allow 177 miles of wall to be built faster in California, Arizona, New Mexico and Texas. A 2005 law gives the Homeland Security secretary sweeping powers to waive laws to expedite border barrier construction. Last week, the Trump administration announced that .8 billion in funds appropriated by Congress earmarked for defense projects would be diverted toward funding the border wall. Nearly .5 billion of those funds were intended for projects earmarked for the National Guard, while the rest was intended to be spent on replacing aircrafts and ships. 896

The Trump administration is proposing tariffs on up to .4 billion worth of French imports — including Roquefort cheese, handbags, lipstick and sparkling wine — in retaliation for France’s tax on American tech giants like Google, Amazon and Facebook.The Office of the U.S. Trade Representative charged Monday that France’s new digital services tax discriminates against U.S. companies. The trade office will accept public comments on the tariffs, which could hit 100%, through Jan. 6 and hold a hearing Jan. 7.The French tax is designed to prevent tech companies from dodging taxes by putting headquarters in low-tax European Union countries. It imposes a 3% annual levy on French revenues of digital companies with yearly global sales worth more than 750 million euros (0 million) and French revenue exceeding 25 million euros.The U.S. also criticized the French tax for targeting companies’ revenue, not their profits, and for being retroactive.The decision to pursue tariffs “sends a clear signal that the United States will take action against digital tax regimes that discriminate or otherwise impose undue burdens on U.S. companies,” U.S. Trade Representative Robert Lighthizer said.His agency investigated the French tax under Section 301 of the Trade Act of 1974 — the same provision the Trump administration used last year to probe China’s technology policies, leading to tariffs on more than 0 billion worth of Chinese imports in the biggest trade war since the 1930s.Lighthizer warned that the U.S. is also exploring whether to pursue Section 301 investigations into digital taxes introduced by Austria, Italy and Turkey.The decision to target France got bipartisan endorsement from Iowa Republican Sen. Chuck Grassley and Oregon Democratic Sen. Ron Wyden. In a joint statement, they assailed the French digital tax as “unreasonable, protectionist and discriminatory.”The tech trade group ITI said it welcomed the administration’s decision and urged continued negotiations on international taxes under the auspices of the Organization for Economic Cooperation and Development.The tariff announcement is likely to increase tension between the United States and Europe. The U.S. is already readying tariffs on .5 billion in EU imports over illegal subsidies for the European aircraft giant Airbus. The World Trade Organization on Monday 2367

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