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Trump touts bringing country back from ‘brink of ruin’

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President Donald Trump touted the work his administration has done since January in an address to the nation on Wednesday night as he labeled the U.S. the «hottest country in the world.»
Trump blamed his predecessor Joe Biden and reiterated claims that his administration inherited a «mess» as he praised the work done since taking office to improve the economy, curb the influx of drugs into the U.S., and support the U.S. military.
«Here at home, we’re bringing our economy back from the brink of ruin,» Trump said. «The last administration and their allies in Congress looted our treasury for trillions of dollars, driving up prices and everything at levels never seen before. I am bringing those high prices down and bringing them down very fast.»
President Donald Trump looks on during a meeting with the White House Task Force on the FIFA World Cup 2026 in the Oval Office of the White House in Washington, on Nov. 17, 2025. (Brendan Smialowski/AFP via Getty Images)
Trump also said that Americans would start to see the benefits of his massive tax and domestic policy bill that was signed into law in July. The bill included key provisions that permanently established individual and business tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act, and incorporated new tax deductions to cut duties on tips and overtime pay.
TRUMP SAYS ECONOMY WILL ‘ROCKET’ AFTER SIGNING ‘BIG BEAUTIFUL BILL’: ‘IT’S GOING TO BE REALLY GREAT’
«Next year, you will also see the results of the largest tax cuts in American history that were really accomplished through our great, big, beautiful bill, perhaps the most sweeping legislation ever passed in Congress,» Trump said.
Trump also touted the strength of the U.S. military under his administration, citing strong recruitment numbers across the services. As a result, Trump said that military service members will receive a new so-called «Warrior Dividend» before Christmas to send troops $1,776 in honor of America’s founding in 1776.
«We are sending every soldier $1,776. Think of that,» Trump said. «And the checks are already on the way.»

President Donald Trump visits Michigan Air National Guard troops on April 29, 2025, at Selfridge Air National Guard Base, Michigan. (Scott Olson/Getty Images)
TRUMP SET TO ADDRESS THE NATION IN PRIMETIME WHITE HOUSE SPEECH AS AMERICANS REPORT ECONOMIC SQUEEZE
Trump signed off his address claiming that the U.S. is respected once again, and is the «envy of the entire globe» as he wished Americans a «Merry Christmas.»
«Our nation is strong. America is respected and our country is back stronger than ever before,» Trump said. «We’re poised for an economic boom, the likes of which the world has never seen. Soon we will host the World Cup and the Olympics, both of which I got. But most importantly, we will celebrate the 250th anniversary of the Declaration of Independence.»
The speech comes as Trump has launched a new effort focusing on his economic policies, amid criticism surrounding how his administration has handled messaging on economic issues. Scrutiny intensified following the November elections that delivered Democrats wins in several key elections – including the New York mayoral race, and the Virginia and New Jersey gubernatorial races – where Democrats focused on «affordability.»

President Donald Trump, alongside Secretary of State Marco Rubio, left, and Secretary of Defense Pete Hegseth, right, speaks during a Cabinet meeting in the Cabinet Room of the White House in Washington, Aug. 26, 2025. (Mandel Ngan/AFP via Getty Images)
While Trump told Politico in December that he would grade his economy an «A+++++,» voters don’t share the same optimism. For example, 76% of voters reported that they view the economy negatively, an increase from 67% who reported the same in July and the 70% who said so following former President Joe Biden’s term, a November Fox News national survey found.
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Trump has previously held several White House addresses, including in November after two members of the National Guard were shot in Washington, and another in June after the U.S. military launched strikes targeting Iranian nuclear facilities.
Fox News’ Emma Colton contributed to this report.
white house,donald trump,economy
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Corte Constitucional admitió demandas contra dos leyes económicas urgentes de Daniel Noboa

La Corte Constitucional de Ecuador admitió a trámite dos demandas de inconstitucionalidad presentadas contra leyes aprobadas por la Asamblea Nacional a partir de proyectos calificados como urgentes en materia económica por el presidente Daniel Noboa. Se trata de las causas 118-25-IN, relacionada con la Ley Orgánica de Transparencia Social, y 160-25-IN, respecto de la Ley de Fortalecimiento y Sostenibilidad Crediticia, ambas publicadas en 2025 y remitidas por el Ejecutivo bajo el procedimiento abreviado previsto en la Constitución.
En el caso 118-25-IN, la Sala de Admisión avocó conocimiento el 4 de febrero de 2026 y resolvió admitir la acción pública de inconstitucionalidad por la forma contra la Ley Orgánica de Transparencia Social. El accionante sostiene que la norma vulnera el principio de unidad de materia al incluir disposiciones reformatorias en ámbitos tributarios y mineros que, a su criterio, no guardan conexidad con el objeto principal de la ley. En su demanda, argumenta que la incorporación de reformas sobre dividendos, utilidades no distribuidas y fases de exploración minera habría desbordado el eje temático del proyecto original, afectando los artículos 82, 136, 137 y 424 de la Constitución.
El tribunal de admisión consideró que los cargos expuestos cumplen con los requisitos formales y argumentativos previstos en la Ley Orgánica de Garantías Jurisdiccionales y Control Constitucional (LOGJCC), en particular en cuanto a la claridad y pertinencia de los argumentos sobre la supuesta infracción constitucional. En consecuencia, dispuso correr traslado a la Presidencia de la República, a la Asamblea Nacional y a la Procuraduría General del Estado para que, en el término de quince días, intervengan defendiendo o impugnando la constitucionalidad de la norma.

Por su parte, en la causa 160-25-IN, la Corte admitió a trámite la acción pública de inconstitucionalidad presentada por la Fundación Regional de Asesoría en Derechos Humanos (INREDH) contra disposiciones específicas de la Ley de Fortalecimiento y Sostenibilidad Crediticia. La demanda se dirige, por el fondo, contra reformas introducidas a la Ley del Banco del Instituto Ecuatoriano de Seguridad Social (BIESS) y a la Ley de Seguridad Social.
Entre los puntos cuestionados se encuentran las disposiciones que permiten al BIESS realizar operaciones de reporto, gestionar créditos con entidades financieras nacionales o extranjeras y pignorar parte de su portafolio de inversiones, así como la posibilidad de vender cartera vencida. La accionante sostiene que estas medidas podrían afectar la intangibilidad de los fondos y reservas de la seguridad social, protegidos por el artículo 372 de la Constitución, y comprometer el derecho a la seguridad social reconocido en el artículo 34. Asimismo, impugna la reforma que modifica el mecanismo de designación del vocal representante de la Función Ejecutiva en el Consejo Directivo del IESS y la norma que atribuye al propio IESS la determinación del presupuesto para el proceso electoral de sus representantes.
La Sala de Admisión verificó que la demanda cumple con los requisitos del artículo 79 de la LOGJCC y que los cargos formulados permiten, en la fase de sustanciación, plantear problemas jurídicos sobre la compatibilidad de las normas impugnadas con la Constitución. Por ello, resolvió admitir la causa sin que ello implique un pronunciamiento sobre el fondo. En ambos casos, la Corte enfatizó que la admisión a trámite no constituye prejuzgamiento.

En la causa 160-25-IN, el tribunal negó además la solicitud de medidas cautelares que buscaba suspender provisionalmente las disposiciones impugnadas, al considerar que la argumentación presentada no acreditaba de manera suficiente los requisitos de verosimilitud, inminencia y gravedad exigidos por la LOGJCC.
Con estas decisiones, la Corte Constitucional abre la fase de sustanciación de dos procesos que cuestionan la validez formal y material de leyes tramitadas bajo el mecanismo de urgencia económica, lo que reabre el debate sobre los límites del procedimiento legislativo abreviado y el alcance de las reformas en materia financiera y de seguridad social impulsadas por el Ejecutivo.
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Biden admin skirted rules to deliver massive contract to nonprofit run by ex-official, IG report reveals

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EXCLUSIVE: A new Inspector General’s report released Thursday morning accuses the former Biden administration of bypassing federal rules when issuing a more than half-a-billion dollar «sole source contract» to a nonprofit led by a former Biden official to deal with the unaccompanied minor crisis in 2021.
The Administration of Children and Families (ACF), which is under HHS and manages unaccompanied minors, awarded $529 million for a 1-year contract in March 2021 to a nonprofit called Family Endeavors, Inc. to help establish and manage a new emergency intake site in Texas (EIS) with 2,000 extra beds. However, according to the OIG’s new report, Biden’s ACF failed to follow federal procurement requirements that require full and open competition due to their own «insufficient planning,» rather than the COVID induced emergency the Biden administration cited.
Furthermore, the inspector general’s report found that the contract price was more than double the agency’s own cost estimate of $244 million, and indicated that the agency «subsequently modified» the award 15 times, extending the period until May 2022 and increasing the value to more than three times the original estimate from ACF.
DOGE SAYS TEXAS NONPROFIT WITH FORMER BIDEN TRANSITION MEMBER REAPED MILLIONS OPERATING EMPTY FACILITY
A family seen walking towards a barrier blocking passage across the U.S. border. (Department of Health and Human Services)
«ACF knew well in advance of March 2021 that it was projected to need more shelter beds than existing sites could provide and should have begun contract planning at that time,» the report states. «ACF failed to reasonably conduct the necessary advanced planning to execute a contract for procurement of those beds and related services using full and open competition.»
The report says ACF made only a limited attempt to do the necessary research for the contract, and did not even follow the findings it came up with.
«On March 5, 2021, Endeavors emailed ORR offering emergency assistance for the care of unaccompanied alien children. On March 13, 2021, Endeavors emailed ORR again with an unsolicited proposal, which included a statement of capabilities and concept of operations for an emergency shelter to serve unaccompanied alien children. Three days later, on March 16, 2021, ACF awarded a firm-fixed-price sole source contract to Endeavors to provide and operate an EIS facility in Pecos, Texas,» the report states.

Images of the emergency intake site in Pecos, Texas operated by Family Endeavors, Inc. The nonprofit received $529 million to build out 2,000 beds. (Department of Health and Human Services)
The contract beginning March 2021 was «by far the largest ever» for Endeavors Family, Inc., and came months after the company hired Andrew Lorenzen-Strait, who served as an adviser to the Biden-Harris transition team. The contract was also the second largest ever awarded by the agency, according to Axios.
«Despite multiple requests, ACF could not provide support for its review of the Endeavors quote, the price analysis techniques used to analyze the quote, or an [independent Government cost estimate] for an EIS dated before the contract was awarded,» the new inspector general’s report states. «When we asked for documentation, ACF told us that it was under significant time constraints to award contracts.»
WHITE HOUSE, DHS PUSH BACK ON CLAIMS ICE TARGETED 5-YEAR-OLD IN MINNESOTA, SAY CHILD WAS ‘ABANDONED’
Family Endeavors Inc. told Axios that its work on the border was a «continuation of services» that it has conducted for the migrant population since 2012. By April 2021, a month after the contract began, federal procurement records showed ACF had already paid $255 million of the no-bid contract to the nonprofit, which had already dwarfed the nonprofit’s total $43 million budget in 2018.
Family Endeavors, Inc. did not immediately respond to an after-hours email from Fox News seeking comment.
In September 2023, then-Chairman of the House Homeland Security Committee, former Rep. Mark Green, R-Tenn., and then-Chairman of the House Subcommittee On Oversight, Investigations and Accountability, former-Rep. Dan Bishop, R-N.C., sent a letter to Lorenzen-Strait about his ties to both the Biden administration and Endeavors. The letter requested him to both reach out to the committee for an interview and mandated he preserve records on his communications with leaders involved in granting other «sole source» contracts.
«On January 20, 2021, Family Endeavors, Inc. (Endeavors) named you the Senior Director for Migrant Services and Federal Affairs. Immediately preceding your position with Endeavors, you served on the Biden-Harris transition team, and previously was an Immigration and Customs Enforcement (ICE) official,» the letter said. «In March 2021, just two months after you joined Endeavors, ICE awarded an $86.9 million sole source contract to Endeavors to provide beds and services in hotels for migrants who illegally crossed the Southwest border.»
The letter cites an undercover video recording from Project Veritas of Lorenzen-Strait «boasting» about his participation in government contracts related to migrant services.
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«Specifically, you refer to the Endeavors contract as a ‘corrupt bargain.’ You further discuss ‘brokering’ a deal that won Cherokee Federal, a team of tribally owned federal contracting companies, a nearly $2 billion contract with the Department of Health and Human Services (HHS) to provide services to unaccompanied alien children,» the letter continues with its claims. «In the video, you admit that Cherokee Federal is not equipped to handle the contract. You also admit that while you are publicly involved with the company Deep Water Point & Associates, you hid participation in government contracts through the entities, VerdinPoint and The Tanager Group.»
A HHS spokesperson said that under President Donald Trump the ACF is implementing stricter accountability measures and strengthening oversight.
«The previous administration wasted more than $1.8 billion dollars on a facility intended to house illegal aliens that was not even used in the last year of the previous administration, and that kind of fiscal mismanagement is exactly what Secretary Kennedy is working to correct,» the spokesperson said. «In fact, this contract was cancelled in the early months of the Trump administration as soon as this mismanagement was discovered. HHS and ORR remain fully committed to protecting children, restoring accountability at every level of the system, and putting Americans first.»
Edmund DeMarche contributed to this report.
immigration,joe biden,homeland security,deportation,politics,banking finance
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