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Fed up: inside Trump’s unprecedented bid to exert control over the US central bank

The US president and his allies spent 2025 attacking the Federal Reserve amid a rollercoaster year for the US economy

In the bowels of the US Federal Reserve this summer, two of the world’s most powerful men, sporting glistening white hard hats, stood before reporters looking like students forced to work together on a group project.

Allies of Donald Trump had spent weeks trying to manufacture a scandal around ongoing renovations of the central bank’s Washington headquarters and its costs. Now here was the US president, on a rare visit, examining the project for himself.

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© Photograph: Kent Nishimura/Reuters

© Photograph: Kent Nishimura/Reuters

© Photograph: Kent Nishimura/Reuters

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Elon Musk’s 2025 recap: how the world’s richest person became its most chaotic

How the tech CEO and ‘Dogefather’ made a mess of the year – from an apparent Nazi salute during his White House tenure to Tesla sales slumps and Starship explosions

The year of 2025 was dizzying for Elon Musk. The tech titan began the year holding court with Donald Trump in Washington DC. As the months ticked by, one public appearance after another baffled the US and the world. Musk appeared to give a Nazi salute at Trump’s inauguration, staunchly championed a 19-year-old staffer nicknamed “Big Balls,” denied reports of being a drug addict while advising the president, and showed up at a White House press conference with a black eye – all in the first half of the year alone.

“Elon’s attitude is you have to get it done fast. If you’re an incrementalist, you just won’t get your rocket to the moon,” Susie Wiles, Trump’s chief of staff, told Vanity Fair in an expansive interview earlier this month. “And so with that attitude, you’re going to break some china.”

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© Illustration: Guardian Design/Getty Images

© Illustration: Guardian Design/Getty Images

© Illustration: Guardian Design/Getty Images

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Seven environmental wins across the US in 2025 despite Trump-era reversals

Environmental advocates notched key wins at local and state levels this year despite Trump rollbacks

As 2025 draws to a close, environmental advocates across the US find themselves weighing a year marked by both setbacks and successes.

Despite major environmental reversals taken by the Donald Trump administration including loosening fossil fuel rules and weakening endangered-species safeguards, conservationists, lawmakers and researchers still notched key wins at local and state levels.

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© Photograph: Frans Lemmens/Alamy

© Photograph: Frans Lemmens/Alamy

© Photograph: Frans Lemmens/Alamy

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An Intense White House Response From a Single Viral Video

A video purporting to expose extensive fraud at child care centers in Minnesota shows the relationship between the Trump administration and self-described citizen journalists.

© Jenn Ackerman for The New York Times

Mako Childcare Center in Minneapolis has been out of business for three years, according to Minnesota records. It was one of the places that a right-wing YouTube creator accused of fraud.
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Trump family business delays launch of $499 gold smartphone

US-made device planned by end of year hit by recent government shutdown affecting shipments

Trump Mobile, the phone company launched by Donald Trump’s family business, has pushed back plans to deliver a $499 (£371) gold-coloured smartphone by the end of the year.

The Trump Organization licensed its name to launch a mobile service and the device in June, in the latest monetisation of his presidency by a family business empire now run by Trump’s sons.

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© Photograph: Trump Mobile

© Photograph: Trump Mobile

© Photograph: Trump Mobile

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Justice Dept. Is Now Said to Be Reviewing 5.2 Million Pages of Epstein Files

The number represents a more precise, and potentially much larger, figure than earlier estimates. The department is seeking to enlist about 400 lawyers to help in the review.

© U.S. Justice Department, via Reuters

Jeffrey Epstein with Ghislaine Maxwell in an image released by the Justice Department. The department is looking to review roughly 5.2 million pages of Epstein files documents.
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Burkina Faso and Mali ban US nationals in retaliation to Trump’s visa decision

Announcements mark latest twist in the frosty relationship between west African military governments and the US

Mali and Burkina Faso said they would ban US citizens from entering their countries in retaliation for Donald Trump’s decision to ban Malian and Burkinabe citizens from entering the US.

The announcements, made on Tuesday in separate statements by the foreign ministers of the two west African countries, marked the latest twist in the frosty relationship between west African military governments and the US.

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© Photograph: Theo Renaut/AP

© Photograph: Theo Renaut/AP

© Photograph: Theo Renaut/AP

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Mamdani Nominates Top City Lawyer and Deputy Mayor of Health

The mayor-elect said the selections indicate his administration’s commitment to help New York City’s vulnerable residents.

© Victor J. Blue for The New York Times

Steven Banks, the former head of the Legal Aid Society, will serve as New York City’s top lawyer in the administration of Mayor-elect Zohran Mamdani.
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6 Takeaways on the Unwinding U.S.-Ukraine Alliance

A Times investigation reveals the inside story of the Trump administration’s chaotic push for a peace deal and its erratic role in the war.

© Tierney L. Cross/The New York Times

President Volodymyr Zelensky of Ukraine and President Trump at Mar-a-Lago on Sunday.
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The C.I.A. Strike on Venezuela: What to Know

The drone attack, said to be on a dock where drugs were being prepared for loading on boats, represented a further escalation of the Trump administration’s campaign against Nicolás Maduro.

© Eva Marie Uzcategui/Reuters

An American MQ-9 Reaper drone at an airfield in Aguadilla, Puerto Rico, last week. The C.I.A. used a drone to target a suspected drug-trafficking site in Venezuela.
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Trump’s shadow war in Venezuela grows, but country’s strongman leader still clings to power

Report of a drone attack on a port facility signals new phase in US military campaign against Nicolás Maduro

Nearly a week after Donald Trump first announced what he said was the first US ground strike in a four-month-long military pressure campaign against Venezuela, details remain very thin on the ground.

CNN and the New York Times reported late on Monday that they had confirmed the CIA had used a drone to target a “port facility” allegedly used by the Tren de Aragua street gang. No casualties were reported, but the date, time and location of the attack remain unknown. Venezuela’s strongman leader, Nicolás Maduro, and his government have remained silent.

If confirmed, the first strike on land would mark a new phase in a campaign that since August has involved the deployment of a massive US naval fleet, airstrikes that have so far killed 107 people, a “total blockade” of sanctioned oil tankers, the seizure of two vessels and the pursuit of a third.

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© Photograph: Ronald Pena R/EPA

© Photograph: Ronald Pena R/EPA

© Photograph: Ronald Pena R/EPA

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