Bloomberg News Now December 31, 2025: World Ushers 2026, US Delays Tariff Hike for Some Goods, More
Jan 1, 2026
Join Amy Morris, a Washington-based Bloomberg reporter who covers key political developments, for an insightful discussion. She dives into President Trump's vetoes of important bills, including a water pipeline project and tribal land expansion. The episode also explores the administration's response to suspected fraud in childcare payments, highlighting increased scrutiny. Plus, don’t miss updates on Rio de Janeiro's lively transition to 2026 and the implications of delayed tariff hikes on home goods.
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Historic Swearing-In In New York
- Zoran Mamdani begins his term as New York City mayor after a private early-hours swearing-in that used a centuries-old Quran.
- The ceremony marks the first time a New York mayor was sworn in on Islam's holy text, signaling historical symbolism in the transition.
Tariff Hike Postponed To Ease Price Concerns
- President Trump delayed planned tariff increases on furniture, cabinets, and vanities until January 1, 2027 to ease consumer pressure.
- The White House framed the postponement as a response to voter frustration over rising prices.
Crackdown On Childcare Payment Fraud
- The Trump administration has increased scrutiny of childcare payments after alleged fraud linked to Minnesota daycare centers.
- Trump highlighted the issue at a Mar-a-Lago New Year's Eve gala, claiming widespread theft of billions in funds.