Trump signs order aimed at curbing state AI laws

Indian Prime Minister Narendra Modi held his third phone call with former U.S. President Donald Trump following recent tariff hikes, reflecting ongoing discussions between the two leaders amid global trade tensions.

Former President Donald Trump has signed an executive order to create a national regulatory framework for artificial intelligence (AI), aiming to establish a cohesive set of guidelines that would supersede varying state laws. This initiative is part of Trump's broader strategy to address concerns about the fragmented regulatory landscape that could impede AI development across the United States.

Former President Donald Trump continues to assert that there is no affordability crisis in the United States, despite rising costs for groceries, utilities, medical care, and housing, which are affecting many Americans. This stance contradicts the experiences of citizens who are increasingly burdened by inflation and escalating living expenses.

Former President Donald Trump has expressed that more should be done to lower interest rates, as stated by the White House. This statement comes amid ongoing discussions regarding monetary policy and economic conditions, particularly as the Federal Reserve prepares for its final meeting of the year to consider potential rate cuts.

Former President Donald Trump has seen his approval rating regarding economic management drop to 36%, marking an all-time low according to a recent poll by Forbes. This decline reflects growing public dissatisfaction with economic conditions, particularly rising prices that have become a central concern for voters.

The U.S. trade deficit fell to its lowest level in five years in September, attributed to the sweeping global tariffs imposed by President Trump. This reduction in the trade deficit indicates a significant shift in trade dynamics, although the sustainability of this trend remains uncertain.

President Trump continues to avoid discussing affordability, a key issue he promised to address early in his presidency, as he spoke in Mount Pocono, Pennsylvania. Democrats are seizing on this neglect, suggesting it mirrors the mistakes of his predecessor. The White House has dismissed claims that Democrats are gaining traction on this message.

President Trump is set to appoint a new chair of the Federal Reserve, a move that comes amid ongoing debates within the central bank regarding interest rate cuts. While Trump advocates for lower borrowing costs, the Federal Reserve's officials are divided on whether further cuts are warranted given the current economic conditions.