LIVE NEWS 🔴 | FOX 24/7 LIVE STREAM | Breaking News Live Now
Stay informed with FOX News 24/7 LIVE coverage! 🔴 Catch breaking news, top headlines, political updates, weather alerts, global events, and live press conferences — streaming non-stop, right here. Watch Now for the latest updates from around the world, brought to you by FOX News Live. Subscribe and turn on the notification bell 🔔 to never miss a moment.
00:00There is only one road leading in, and the only way out is a one-way flight.
00:05It is isolated and surrounded by dangerous wildlife and unforgiving terrain.
00:10The facility will have up to 5,000 beds to house, process, and deport criminal illegal aliens.
00:17This is an efficient and low-cost way to help carry out the largest mass deportation campaign in American history.
00:24We are truly coming off a historic week of President Trump racking up win after win on behalf of the American people.
00:33President Trump restored peace through strength and acted decisively as commander-in-chief to obliterate the immediate threat of the Iranian regime's nuclear capabilities
00:42and then brokered a ceasefire between Israel and Iran, which continues to hold.
00:48Then, the President traveled to the Netherlands and achieved a monumental win for the United States and the NATO alliance
00:54by getting our allies to dedicate 5% of their GDPs to military spending.
01:00As a result of President Trump unleashing American energy dominance,
01:04summer gas prices are at the lowest they have been in four years, heading into the July 4th week.
01:10And with the incoming Trump economic boom, the stock market continues to roar back with the S&P 500 and the NASDAQ both hitting record highs.
01:21And on this point of an economic boom, I bring to you original correspondence from the President of the United States to our Fed Chair, Jerome Powell.
01:29As the President has consistently stated, the American economy is booming.
01:33And there were so many economic analysts who said that this President's policies would drive our economy down when in fact we have seen the opposite.
01:41We've seen a massive deregulation campaign take place.
01:45We've seen inflation completely diminished from where it was under the reckless spending and the bad policies of the previous incompetent administration.
01:53I would remind the Fed Chair and I would remind the entire world that this is a President who was a businessman first.
01:58And he knows what he is doing. He has a proven economic formula that worked in his first term as President, and it is working again.
02:06The one problem that remains is high interest rates for the American people.
02:10The American people want to borrow money cheaply, and they should be able to do that.
02:14But unfortunately, we have interest rates that are still too high.
02:17So the President sent this note to the Fed Chair today.
02:20And if you look at this chart, this is a chart of all of the interest rates of many countries throughout the world.
02:26At the top is Switzerland. They're only paying a quarter for interest rates.
02:30Cambodia, Japan, Denmark, Thailand, Botswana, Barbados, Taiwan, Bulgaria, Cuba, Sweden, Morocco, Cabo Verde, South Korea, Algeria, Canada, Albania, Libya, Malaysia, China, New Zealand, Trinidad, and Tobago.
02:46Czechia, Bolivia, Australia, Costa Rica, the Bahamas, Kuwait, Papua New Guinea, Bosnia, United Kingdom, and the UAE are all paying lower interest rates than the United States of America,
02:59which has one of the hottest and strongest economies in the world.
03:02The President sent this note to the Fed Chair.
03:05It says, Jerome, you are, as usual, too late.
03:08You have cost the USA a fortune and continue to do so.
03:11You should lower the rate by a lot.
03:13Hundreds of billions of dollars are being lost, and there is no inflation.
03:17And the President is right.
03:18There is historically low inflation, thanks to his policies.
03:22And we will continue to drive down the cost of living in this country for Americans.
03:26We will continue to deregulate.
03:28And it's also incredibly important that we pass this one big, beautiful bill, which is the largest tax cuts in American history.
03:36And that's why the White House and the President himself have been in touch with lawmakers all weekend long to get this bill passed.
03:44And they are working very hard to do so.
03:46It remains a top priority for the President.
03:48And this bill has exposed the clear differences between Republicans and Democrats in 2025.
03:53The Democrats are doubling down on craziness and radical policies that are undermining the very fabric of our country.
04:01Just look at the Democrat nominee for New York City Mayor, Zoran Mindami.
04:06He's a Democrat socialist, really a communist, who proudly calls to defund the police, peddles anti-Semitism,
04:14praises pro-Hamas groups, wants Israel abolished, and believes wealthy Americans should not exist.
04:20Those are his words, just as recent as this weekend.
04:24Meanwhile, under President Trump's leadership, Republicans are fighting tirelessly for everyday, middle-class, working Americans who re-elected this president
04:32and were carrying out a revolution of common sense.
04:35And all of that is packed into this one big, beautiful bill.
04:38It delivers the largest middle- and working-class tax cuts in U.S. history.
04:43It keeps America safe by funding the largest-ever one-time investment in border security.
04:49It's enough to reverse the Biden border invasion.
04:52And every single Democrat is against that, against securing our border and deporting millions of criminal illegal aliens.
04:58The one big, beautiful bill also strengthens and protects Medicaid benefits, despite what Democrats are saying,
05:04for eligible American citizens who rely on it, like pregnant women, children, seniors, and people with disabilities,
05:11by eliminating waste, fraud, and abuse that threaten...
