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Treasury Secretary says U.S. and China agree to a trade deal 'framework'

admin - Latest News - October 27, 2025
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President Trump and Chinese President Xi Jinping are expected to reach a deal to avert a new 100% U.S. tariff on Chinese goods, Treasury Secretary Scott Bessent said following talks with Beijing’s top trade negotiator. NBC News’ Gabe Gutierrez is traveling with the president in Malaysia.



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Oct. 26, 2025, 9:23 PM EDTBy Allan SmithNew York mayoral hopeful Zohran Mamdani and two of his most prominent backers, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, framed his election as a one-on-one battle versus President Donald Trump and his administration at a raucous rally in Queens on Sunday,Speaker after speaker at Sunday’s rally, which drew thousands to a tennis stadium, said electing Mamdani would essentially serve as an opening salvo in a fight to take back the country from Trump and his allies.“We gather here today at both a perilous moment for our country,” said Ocasio-Cortez, D-N.Y. “And on the precipice of hope for our city.”She said electing Mamdani would “send a loud message” to Trump, adding that the opposition to Mamdani, a state legislator, in the election “mirrors what we are up against nationally,” condemning “an authoritarian, criminal presidency fueled by corruption and bigotry.”“There was a day before his presidency,” Ocasio-Cortez said. “And there will be a day after.”Mamdani, the Democratic nominee for mayor, rallied supporters alongside Sanders, I-Vt., and Ocasio-Cortez after early voting in the mayoral contest began Saturday — and as less than 10 days remain until the Nov. 4 election. The rally was billed as “New York Is Not For Sale,” echoing framing Sanders has used at rallies he has held across the country this year.Taking the stage after Ocasio-Cortez and Sanders, Mamdani talked up his improbable path to the Democratic nomination, saying that at one point he was tied in polls with “someone else,” at 1%.“Now as we stand on the precipice of taking this city back from corrupt politicians and the billionaires that fund them, let our words ring out so loud tonight that Andrew Cuomo can hear them in his $8,000-a-month apartment,” Mamdani said, adding he hoped Cuomo’s “puppet master in the White House” could hear them, too.“We climbed in the polls faster than Andrew Cuomo could dial Donald Trump’s number,” he added. “People began to be able to pronounce my name.”Cuomo, the former governor, is running as an independent in the general election.Mamdani called for an end to “the era of government that deems an issue too small or a crisis too big.”“Because we need a government that is every bit as ambitious as our adversaries,” he said. “A government strong enough to refuse the realities we will not accept and forge the future.“No longer will we allow the Republican Party to be the one of ambition,” he continued. “No longer will we have to open a history book to read about Democrats leading with big ideas. My friends, the world is changing. It’s not a question of whether that change will come. It’s a question of who will change it.”Polling has consistently shown Mamdani, 34, with a 10- to 20-point advantage over Cuomo in the three-way general election, which also features Republican nominee Curtis Sliwa. Cuomo recently got an endorsement from New York Mayor Eric Adams, who was also running as an independent before he dropped out last month. Influential Republican figures in the city have also rallied to Cuomo over Sliwa, seeing him as having the best shot at defeating Mamdani.Sanders said in his address: “This election is taking place when we have an administration in Washington which every day is moving us toward an authoritarian society, undermining our Constitution and the rule of law.”“The reason why this campaign has generated so much interest around the world and so much excitement is that people want to know the answer to one very simple question. And that is: In the year 2025, when the people on top have never, ever had so much economic and political power, is it possible for ordinary people, for working-class people, to come together and defeat those oligarchs? You’re damn right we can.”Some Democratic leaders have been slow to rally behind Mamdani, the onetime activist in the Democratic Socialists of America who is running on a platform of freezing rent in the city’s rent-stabilized units, enacting universal child care and providing free bus service, among other plans. His unapologetically pro-Palestinian stance has also energized anti-Israel progressives amid the war in Gaza. At one point during warmup speeches by progressive officials, the crowd began chanting “DSA, DSA, DSA” during a call-and-response for the Democratic Socialists of America.Speaking at the rally, state Sen. Julia Salazar talked up how many Democratic socialists have been elected in her state since her election in 2018 and won loud applause when she decried “the genocide in Palestine.”“And now we are on the verge of electing Zohran Mamdani to become our democratic socialist mayor right here in the largest, greatest city in the country,” she said.Gov. Kathy Hochul endorsed Mamdani last month, praising his focus on affordability. So too, on Friday, did House Minority Leader Hakeem Jeffries, D-N.Y.Hochul spoke at Sunday’s rally flanked by Andrea Stewart-Cousins and Carl Heastie, the Democratic leaders of the state Senate and Assembly, respectively. She took aim at Trump, saying he is “taking a wrecking ball to our very values, our people and our progress” and condemning immigration raids in New York, Trump’s handling of the government shutdown and the federal indictment of New York Attorney General Letitia James, which Trump pushed prosecutors to pursue.“If they can come after Tish James, they can come after any of us,” Hochul said.She emphasized the need the three Democratic leaders have for Mamdani to be mayor in New York, calling for a fighter who will join them in pursuing their priorities.“He doesn’t get out in the gutter with everybody else,” Hochul said. “He rises up with grace and courage and grit.”The crowd at one point began chanting “tax the rich,” to which Hochul said, “I can hear you.”“I’ve got one plea for you,” she said. “I love to see this energy and this passion. … I am so excited about what is going on here. … But take that energy, that passion, and take it into ’26 so that we can take back the House of Representatives, so we can take back the Senate, and we can take back our country.”Trump has sought to influence the race, condemning Mamdani as a “communist” and threatening to withhold additional federal funding from the city should Mamdani win. Mamdani in turn has promised to fight Trump’s efforts to kneecap the city and has positioned himself as the candidate most open to combating him.In his address, Mamdani noted that Trump won the presidency just days after he had announced his mayoral campaign. The Bronx and Queens showed some of the most significant shifts to the right of any counties in the country in last November.“No matter what article you read or channel you turned to, the stories seemed to be the same,” Mamdani said. “Our city was headed to the right. Obituaries were written about Democrats’ abilities to reach Asian voters, young voters, male voters. Again and again, we were told that if we had any hope of beating the Republican Party, it would only be by becoming the Republican Party.“Andrew Cuomo himself said that we had lost not because we had failed to speak to the needs of working-class Americans, but because we had spent too much time talking about bathrooms and sports teams,” Mamdani continued. “This was a moment where it seemed our political horizon was narrowing. And in this moment New York, you had a choice, a choice to retreat or to fight. … And the choice that we made was to stop listening to those experts and to start listening to you.”The latest chapter in th heated mayoral race followed Mamdani’s emotional address Friday condemning the “racist, baseless” attacks he has faced for his Muslim faith in recent days, some of it from his main rival in the race, he said. Mamdani would be the first Muslim mayor in New York City history.“And I thought that if I behaved well enough or bit my tongue enough in the face of racist, baseless attacks, all while returning back to my central message, it would allow me to be more than just my faith,” Mamdani added, appearing to grow emotional. “I was wrong. No amount of redirection is ever enough.” In a radio appearance Thursday, Cuomo appeared to agree with a conservative host who said Mamdani would cheer if a terrorist attack happened in the city. A Cuomo campaign spokesperson later told NBC News that Cuomo did not agree with the host, and Cuomo said at a news conference that he thought the remark was “offensive.”“Zohran himself is the person who has created the tension with the Jewish community and the LGBT community and the Italian community and the Black community, etc.,” Cuomo said. “He is not the victim, he is the offender, and it’s a political tactic.”At Mamdani’s rally Sunday, New York City Comptroller Brad Lander, who also ran for mayor in the June primary, emphasized that Mamdani would “work to keep Jewish New Yorkers and all New Yorkers safe” and condemned anti-Islamic sentiment Mamdani has faced in recent weeks. Lander was among several Jewish and Muslim speakers who addressed the crowd.Sanders said: “Let me tell you something else. At a moment when Americans are extremely distressed about where we are as a nation, economically and politically, a victory here in New York will give hope and inspiration to people throughout our country and throughout the world.”Allan SmithAllan Smith is a political reporter for NBC News.
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Nov. 28, 2025, 11:05 AM ESTBy Jane C. TimmThe suspect in the shooting of two National Guardsmen will be charged with first degree murder, the U.S. Attorney for the District of Columbia Jeanine Pirro said on Friday, following the death of one of the soldiers.”There are certainly many more charges to come, but we are upgrading the initial charges of assault to murder in the first degree,” Pirro said in an interview on Fox News.As of Friday morning, no charges had been filed in federal court or in DC Superior Court against the suspect, according to court records.National Guard soldier Sarah Beckstrom, 20, died on Thanksgiving Day; she was one of two National Guard soldiers who were shot on Wednesday near Farragut Square Metro Station in Washington D.C. The other soldier, 24-year-old Andrew Wolfe, remains hospitalized.”We still have hope. He’s still in critical condition,” Pirro said in the interview. “We are doing everything we can to assist his family and to make sure that they have everything they need during this difficult time for them.”Sarah Beckstrom, left, and Andrew Wolfe, the National Guard members who were shot in Washington D.C., on Wednesday.Nathan Howard / ReutersPirro and FBI Director Kash Patel identified the suspect yesterday as Rahmanullah Lakanwal, who previously worked with the CIA in Afghanistan. He was shot by another National Guardsman. On Friday, she said the execution of search warrants and investigation was ongoing and happening around the clock.”The individual who did this will pay the ultimate price, according to the Attorney General Pam Bondi, as well he should — once and if a jury returns a verdict that we will be seeking in this case,” Pirro said.Jane C. TimmJane C. Timm is a senior reporter for NBC News.Lillie Boudreaux and Gary Grumbach contributed.
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Sept. 23, 2025, 6:31 AM EDT / Updated Sept. 23, 2025, 7:07 AM EDTBy Freddie ClaytonMysterious drones that forced the closure of a major European airport were part of a “serious attack,” officials said Tuesday, hours after the latest unsettling incident over the continent’s skies.As U.S. allies weigh a tougher response to suspected Russian incursions, NATO leaders gathered at the United Nations General Assembly in New York condemned the Kremlin for a spate of “escalatory” incidents in recent weeks and vowed to defend itself.Authorities did not immediately assign blame for the two to three large drones that shut Copenhagen Airport — Scandinavia’s largest — Monday night. But police said a hybrid attack could not be ruled out, and Prime Minister Mette Frederiksen called it “the most serious attack on Danish critical infrastructure to date.”Norway’s Oslo airport also reopened Tuesday morning following four hours of airspace closure after a separate drone incident took place the same evening, police told Norwegian broadcaster NRK.Trump: Putin has ‘really let me down’ on Ukraine peace talks01:05“I cannot rule out that it is Russia,” Frederiksen, the Danish leader, told reporters. “We have seen drones over Poland that should not have been there. We have seen activity in Romania. We have seen violations of Estonian airspace,” she added, referring to a series of incidents in eastern Europe during September that have been blamed on Russia. “Russia should be in no doubt,” NATO said in a statement just hours after the latest incidents. “Allies will use all necessary military and non-military tools to defend ourselves and deter all threats from all directions.”A Russian MiG-31 fighter jet that took part in the violation of Estonian airspace.Swedish Armed Forces / via ReutersThe Kremlin dismissed what it said were “unfounded accusations” leveled each time there is an incident. It’s got to the point where such statements were “no longer taken into account,” Kremlin spokesperson Dmitry Peskov told reporters.The drones that shut Copenhagen airport appeared to be flown by a “capable operator,” Danish police Chief Superintendent Jens Jespersen told reporters on Tuesday.“It’s an actor who has the capabilities, the will and the tools to show off in this way,” he said, adding that no suspects had been identified and that it was too soon to tell if the events in Denmark and Norway were linked.Officials chose not to shoot down the drones because the risk was too great because of the airport being full of passengers, the planes on the runways and nearby fuel depots, Jes Jespersen, senior police inspector of the Copenhagen Police, said during a news conference.Passengers queue for new tickets at Copenhagen Airport on Tuesday morning.Sergei Gapon / AFP via Getty ImagesWestern leaders have increasingly vowed a more aggressive defense against what they say is a carefully escalating Kremlin campaign to probe NATO’s defenses and test its resolve. NATO is set to meet Tuesday discuss Russia’s violation of Estonian airspace, after Estonia requested consultations consultations under Article 4 last week — a mechanism that prompts urgent talks among alliesPoland “is ready to react toughly against all airspace violations,” its prime minister Donald Tusk said Tuesday on X. “In such a situation I’m counting on univocal and full support from our allies.”Britain also promised Monday to “confront planes operating in space without permission,” as Foreign Secretary Yvette Cooper warned that Russia’s incursions risked triggering an armed conflict.The European Union is also weighing how to create a “drone wall” along its eastern border, Lithuanian foreign minister Kestutis Budrys told Reuters news agency on Monday.Washington’s new envoy to the United Nations, Michael Waltz, vowed Monday to “defend every inch of NATO territory” as he addressed an emergency U.N. Security Council meeting over the incursion into Estonia.NATO has already launched Operation “Eastern Sentry” earlier this month to bolster defenses along Europe’s eastern flank.A French Air Force pilot prepares for takeoff, prior to a joint mission with Polish F16s, as part of Operation “Eastern Sentry.”Thibaud Moritz / AFP via Getty ImagesMeanwhile, Ukrainian President Volodymyr Zelenskyy landed in New York Monday for what he said would be an “intense week” of diplomacy, as he tries to drum up support for new efforts to punish the Kremlin and turn rhetoric into action.“We are doing everything to stop the war,” he wrote on X Tuesday, adding that he had two dozen meetings scheduled.Freddie ClaytonFreddie Clayton is a freelance journalist based in London. 
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