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- Inside Trump and David Ellison’s Private Party in Washington
The president spoke for nearly an hour at a Paramount-hosted event that raised questions about journalistic and regulatory conflicts of interest. [TheTopNews] Read More.54 mins ago - Judge Imposes Sanctions on Plaintiff and Her Lawyer in Suit Against Billionaire ...A federal judge said that the lawyer representing an unnamed plaintiff who accused the billionaire investor of abusing her had “lied repeatedly to the Court.” [TheTopNews] Read More.1 hour ago
- Business Roundtable to lead corporate engagement at G20
FIRST ON FOX: The White House is tapping the Business Roundtable to lead corporate engagement during the United States’ upcoming G20 host year, marking a shift away from the traditional Business 20 framework historically organized by the U.S. Chamber of Commerce.Administration officials say the decision is aimed at streamlining business participation and aligning it more closely with the Trump administration’s economic priorities, including deregulation, energy expansion and innovation-driven growth.In a statement, White House spokesperson Olivia Wales told FOX the Business Roundtable, comprised of leading U.S. CEOs, would play a central role in advancing a pro-growth agenda during the G20 cycle.WHITE HOUSE ACCUSES CHINA OF 'INDUSTRIAL-SCALE' AI TECHNOLOGY THEFT WEEKS AHEAD OF TRUMP-XI SUMMIT"Business Roundtable, led by top U.S. CEOs, is the right choice to champion business engagement during the United States’ G20 year," Wales said, pointing to what the administration views as a successful economic model built on trade deals, expanded domestic energy production and private-sector job creation.PIRRO CLOSES INVESTIGATION INTO FEDERAL RESERVE OVER BUILDING PROJECT"The president’s tried-and-true policies are a model for the entire world, and the United States looks forward to discussing how other countries can replicate this success," she added.Under the new structure, the Business Roundtable will host a major CEO-focused event at Trump National Doral on Dec. 12, just ahead of the G20 Leaders’ Summit scheduled for Dec. 14 and 15.The gathering is expected to include more than 120 Business Roundtable member CEOs, along with at least one chief executive from each G20 economy and invited guest nations. Discussions will center on key themes such as growth through deregulation, energy dominance and innovation.Additional business engagement events are planned throughout the year, including sessions tied to Business Roundtable board meetings in Washington, D.C., as well as programming alongside the G20 Finance Ministers’ meeting in Asheville, North Carolina, with Treasury Secretary Scott Bessent.The move effectively sidelines the B20 process, which has traditionally served as the primary vehicle for business input into G20 deliberations.OSCAR DE LA HOYA JOINS THE BATTLE ON CAPITOL HILL TO REINVENT BOXINGThe B20 changes hands, led by business groups in the host country as the meeting moves around among G20 members. Administration officials described the existing structure as "cumbersome" and "bureaucratic," arguing the result was unproductive. Chamber officials tell FOX Business they agree. The B20 will still be held in a revamped format in the United States this year.Jessica Boulanger, the chamber’s senior vice president and head… [TheTopNews] Read More.2 hours ago - Some Labubu Dolls Contain Cotton Banned by Forced Labor Law, Testing ShowsA test verified by The New York Times found that clothes for some of the viral dolls contained cotton from the Xinjiang region of China, which is banned in the United States. [TheTopNews] Read More.3 hours ago
- Trump Says He Dislikes Prediction Markets. His Family Invests in Them.The White House has warned staff not to wager on government decisions, but his family’s involvement with these firms undermines the president’s message. [TheTopNews] Read More.3 hours ago
- Trump administration makes Fannie, Freddie change it says will benefit ‘te...Fannie Mae and Freddie Mac are making a major change to how Americans may qualify for a mortgage.The government-backed mortgage giants said Wednesday they will begin allowing loans evaluated using VantageScore 4.0, a newer credit scoring model that can incorporate data such as rent and utility payment history.The change will initially roll out on a limited basis, beginning with a group of approved lenders, as part of a broader credit score modernization effort led by the Federal Housing Finance Agency (FHFA).HOUSING CRISIS HITS ALL AGES AS HOMEOWNERSHIP DECLINES NATIONWIDE"It is only thanks to President Trump's landslide victory and leadership that we finally broke the gridlock to do this — what's right for the American people over Washington's special interest," FHFA Director William Pulte said at a press conference Wednesday. "Fannie and Freddie, as I said, are ready to immediately start working with approved lenders to accept VantageScore loans."Pulte added that Freddie Mac has already begun testing the model, taking delivery of about $10 million in loans evaluated using VantageScore, which are expected to be securitized."If you paid your rent for 10 years, that should be factored into your credit score," Pulte said. "So, I think it will save lots of money. And this truly is the golden age of home buying."He also estimated that the change could affect "tens of millions" of Americans. During the limited rollout, approved lenders may choose between VantageScore 4.0 and traditional FICO scores.AVERAGE MONTHLY MORTGAGE PAYMENT HITS NEW HIGH, TOPPING $2K FOR FIRST TIME EVERA second updated model, FICO Score 10T, is also expected to be introduced as part of the modernization initiative.FICO 10T also factors in both positive and negative rental payment history when reported to credit bureaus."By incorporating newer models with more predictive power, we can support sustainable access to homeownership and keep safety, soundness and operational readiness at the center," Jake Williamson, executive vice president and head of single-family at Fannie Mae, said in a statement.HOUSING MARKET GAINING MOMENTUM AS SPRING SEASON BEGINSEfforts to modernize credit scoring have been underway for years. In 2022, federal regulators approved both VantageScore 4.0 and FICO 10T after extensive testing, according to Freddie Mac.GET FOX BUSINESS ON THE GO BY CLICKING HEREPulte also signaled the shift last year, noting in a post on X that "credit history will no longer just include credit cards and loans." FOX Business' Daniella Genovese contributed to this report. [TheTopNews] Read More.3 hours ago
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