Tracking every rollback, reversal, and overreach — and the path back to the America we know.
President Trump signed Executive Order 14178 on January 23, 2025, directing federal agencies to strengthen U.S. leadership in digital financial technology and cryptocurrency. The order establishes a framework for federal coordination on digital assets policy. Confirmed direct impacts on Americans include potential changes to how federal agencies regulate and oversee cryptocurrency transactions and digital finance activities.
The Senate voted 54-45 to confirm Kevin Warsh as Federal Reserve chair, replacing Jerome Powell. Warsh will serve a four-year term overseeing monetary policy amid elevated inflation and Trump administration pressure to lower interest rates. The confirmation shifts Federal Reserve leadership toward an administration-preferred chair amid ongoing economic policy tensions.
Homeland Security Secretary Markwayne Mullin rescinded a rule requiring DHS expenditures over $100,000 to be personally approved by his office. This streamlines the agency's approval process and reduces bureaucratic delays. The action is intended to accelerate FEMA relief efforts and emergency response capabilities.
On January 20, 2025, the Trump administration signed Memorandum 2025-01905 implementing a federal hiring freeze. The freeze halts new federal employee hiring across most executive branch agencies, except for military and national security positions. The immediate confirmed effect is suspension of pending job offers and halted recruitment for vacant federal positions.
On January 20, 2025, the Trump administration signed Memorandum 2025-01906 directing a freeze on pending federal regulatory actions. The freeze halts the issuance and effective date of regulations that have not yet taken effect. The immediate effect is that dozens of pending rules across federal agencies are suspended pending review, affecting regulatory implementation timelines across healthcare, environmental, labor, and financial sectors.
On January 20, 2025, the Trump administration withdrew the United States from the OECD Global Tax Deal, a 2021 agreement establishing a 15% global minimum corporate tax rate. The withdrawal removes U.S. participation in coordinated international tax enforcement that was designed to prevent corporations from shifting profits to low-tax jurisdictions. Americans may see changes in corporate tax competition between countries and potential effects on federal revenue from multinational corporations.
President Trump swore in Kevin Warsh as chair of the Federal Reserve following Senate confirmation in a 54-45 vote, replacing Jerome Powell. Warsh, a former Fed governor and Trump ally, now leads the nation's central bank with authority over monetary policy, interest rates, and banking regulation. This leadership change directly affects inflation, employment, lending rates, and economic conditions for all Americans.
President Trump announced tariffs increasing to 25 percent on cars and trucks imported from the European Union, effective the following week. Trump claimed the EU failed to comply with existing trade agreements. The tariffs will increase costs for American consumers purchasing European vehicles and potentially affect the automotive industry.
The Trump administration issued a 90-day extension to the Jones Act waiver, which allows non-American ships to transport goods between U.S. ports. The administration stated that data showed the waiver significantly increased fuel supply reaching American consumers, helping to lower fuel prices.
Kevin Warsh was confirmed by the Senate as the 17th Chair of the Federal Reserve on a 54-45 vote, taking leadership of the central bank during a period of elevated inflation and economic uncertainty. As Fed chair, Warsh will oversee monetary policy affecting interest rates, employment, and inflation that directly impact all Americans' borrowing costs, savings returns, and job market conditions. His confirmation reflects the Trump administration's influence over the nation's monetary policy apparatus and economic direction.