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US and World News

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    A yearslong standoff between two different approaches in the American economy could finally be at an end with Donald Trump's election, according to a CNBC analysis.

    The Federal Reserve's monetary policy has been to keep interest rates near zero to pump up the economy, but growth has been tepid.

    The government's fiscal policy is its approach to the tax code and government spending. President Barack Obama's first term started with a stimulus package but Congress hasn't been able to get Congress to pass much more since then.

    Now that Republicans will control the White House and both houses of Congress, that standoff could be over, and that means he could be a massive force for good for the U.S. economy.



    Photo Credit: Getty Images

    Republican president-elect Donald Trump gives a thumbs up to the crowd during his acceptance speech at his election night event at the New York Hilton Midtown in the early morning hours of Wednesday, November 9, 2016. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Chip Somodevilla/Getty Images)Republican president-elect Donald Trump gives a thumbs up to the crowd during his acceptance speech at his election night event at the New York Hilton Midtown in the early morning hours of Wednesday, November 9, 2016. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Chip Somodevilla/Getty Images)

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    Acknowledging biting disappointment and a painful loss, Hillary Clinton urged supporters Wednesday to accept the outcome of the presidential election and continue working together toward a better America. 

    "Donald Trump is going to be our president. We owe him an open mind and a chance to lead," Clinton said at an emotional concession speech at the New Yorker hotel in midtown Manhattan. 

    Echoing the slogan that propelled her campaign over the last year and a half, Clinton said when she spoke to president-elect Donald Trump early Wednesday, she offered to work with him on behalf of all Americans. And, shortly before noon, she asked her supporters to do the same. 

    "I hope that he will be a successful president for all Americans," Clinton said. "This is painful and it will be for a long time but I want you to remember this -- our campaign was never about one person or even about one election. It was about building a better America. We have seen that our country is more divided than we thought but I still believe in America and I always will."

    Dressed in a purple and black suit that matched the colors her husband Bill Clinton wore as he stood on the stage beside her at the New Yorker hotel in midtown, Clinton acknowledged the disappointment her supporters feel. 

    "This is not the outcome we wanted or we worked so hard for, and I'm sorry we did not win this election for the values we share and the vision we hold for our country," Clinton said. 

    The Democratic nominee for president entered the room to boisterous applause, where she was introduced by running mate Tim Kaine. She hugged supporters as senior aides were seen quietly sobbing; some had to leave the room.

    In remarks that bore no ill will nor negativity to the president-elect or the often caustic campaign, Clinton spoke of the vibrant diversity and creativity that defined her electoral base and espoused the values of constitutional democracy that protect the rule of law and afford equal rights and opportunity to all. 

    The former secretary of state expressed "pride and gratitude" for those who supported her campaign, and said she was proud to be a champion for young women across the country. 

    "Never stop believing that fighting for what's right is worth it," Clinton said. "And to all the little girls who are watching this, never doubt that you are valuable and powerful and deserving of every chance and opportunity in the world to pursue and achieve your dreams." 

    Clinton acknowledged that America has not "shattered that highest and hardest ceiling" with her failed bid for the White House. But, she said, "someday, somebody will." 

    NBC News data showed Clinton was actually leading the Republican candidate in the nationwide popular vote by almost 200,000 votes, though he was ahead comfortably in the electoral college that ultimately decides the presidency. 

    It would mark the second time in five elections that a Democrat won the popular vote but lost the electoral college, after the George W. Bush - Al Gore race in 2000. 

    Exit polls showed that Clinton did best with women, blacks and Hispanics, while Trump dominated among men and white voters. 

    "I'm proud of Hillary Clinton because she has been and is a great history-maker in everything she's done," Kaine said in introducing her. 

    "We know that the work remains. We know that the dreams of empowering children and families remain," he added.



    Photo Credit: Getty Images

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    For the first time, an openly LGBT person has been elected as governor of a U.S. state: Kate Brown, a Democrat whom NBC News projected to win over Bud Pierce.

    It was some of the brightest news to come out an Election Day that saw Donald Trump elected president and many in America's lesbian, gay, bisexual, transgender and queer community, NBC OUT reported.

    Brown's win was "one for the history books," said Aisha Moodie-Mills, executive director of the Gay & Lesbian Victory Fund, in a statement.

    And there was more good news for the community out of the vote, including more than 150 openly LGBTQ candidates running for office and the possible defeat of a Republican governor who gained national notoriety for ushering in anti-LGBTQ legislation.



    Photo Credit: AP

    Oregon Gov, Kate Brown speaks to the crowd of supporters after being elected at the Oregon Convention Center in Portland, Ore., on Tuesday, Nov. 8, 2016. (AP Photo/Steve Dykes)Oregon Gov, Kate Brown speaks to the crowd of supporters after being elected at the Oregon Convention Center in Portland, Ore., on Tuesday, Nov. 8, 2016. (AP Photo/Steve Dykes)

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    Republicans who opposed Donald Trump found themselves in an odd position on Wednesday, as reality sunk in that the Republican nominee they warned would lead the party to ruin instead led them into the White House with a Republican Congress.

    With the sudden prospect of a historic governing majority in front of them, a number of Trump critics took a new look at the candidate they had criticized as unqualified or offensive, NBC News reported.

    "This needs to be a time of redemption, not a time of recrimination," House Speaker Paul Ryan said at a news conference.

    Old foes wished him well: Jeb Bush, who called Trump the "chaos candidate" in the primaries and refused to vote for him, offered congratulations and prayers. The National Review's editors, who devoted an issue to opposing his candidacy under any circumstances, congratulated him too and urged Congress to "do what they can to reinforce Trump's better instincts."



    Photo Credit: AP

    Republican presidential candidate, Donald Trump concludes a plane-side rally in a hanger at Pittsburgh International Airport in Imperial, Pa., Sunday, Nov. 6, 2016.Republican presidential candidate, Donald Trump concludes a plane-side rally in a hanger at Pittsburgh International Airport in Imperial, Pa., Sunday, Nov. 6, 2016.

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    The day after Donald Trump's victory, the head of the nation's largest Muslim civil rights and advocacy organization asked the president-elect to respect the rights of all Americans.

    At the same time, the Council on American-Islamic Relations will work with Trump and his administration as a way to strengthen the nation, CAIR National Executive Director Nihad Awad pledged in a statement.

    And Awad tried to calm those who may be concerned about the future for Muslims in America. At one point, Trump campaigned on a promise to ban Muslims who don't live in the U.S. from entering as a way to keep out terrorists, and in November 2015, Trump proposed Muslims be required to register in a national database.

    "To those in the American Muslim community who are fearful of the future, know that America is your home and you have the same rights and responsibilities as all other Americans,” Awad said.

    Last fall, hundreds of demonstrators gathered in San Diego to condemn discrimination against refugees and Islamophobic attitudes.

    Trump has said he would suspend arrivals from Syria, portraying them as a potential security threat. Of the approximately 12,000 Syrian refugees admitted into the U.S. in 2016, the vast majority identify as Muslims.

    San Diego, the nation's eighth-largest city, has received 626 Syrian refugees since Oct. 1, more than any other in the United States.

    On Wednesday, CAIR called on people of all faith, racial and political backgrounds to commit to working with each other.

    "Regardless of who won or lost yesterday's election, American Muslims are here to stay. We are not going anywhere, and will not be intimidated or marginalized,” Awad said in the written statement.



    Photo Credit: AP, File

    A file photo of Nihad Awad, the National Executive Director of the Council of American-Islamic Relations.A file photo of Nihad Awad, the National Executive Director of the Council of American-Islamic Relations.

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    Donald Trump's presidential election stirred anti-union sentiments in California, NBC News reported.

    YesCalifornia, which is pushing for California to secede and become a separate country, staged a daylong "informational session" Wednesday outside the State Capitol in Sacramento.

    The organization, a political action committee formed in August 2015, is working for a referendum on the 2019 state ballot that would start the long path to legal secession.



    Photo Credit: AP

    Protesters march in opposition of Donald Trump's presidential election victory in San Francisco, Wednesday, Nov. 9, 2016.Protesters march in opposition of Donald Trump's presidential election victory in San Francisco, Wednesday, Nov. 9, 2016.

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    Glen and Michele Reskusich couldn't do anything but embrace each other and pray when they saw headlights coming toward them as they were trapped in their overturned truck on the 110 Freeway.

    "This is it, this is it," Michele Reskusich recalled thinking. "It's over with. We thought we were going to die."

    But the couple was rescued. Three people managed to pull them out of their mangled truck just moments before it was hit once again by an oncoming truck in Carson, about 16 miles south of the Staples Center, where they were coming from a Los Angeles Kings game.

    It took Reskusich two weeks and a plea on Facebook for help finding her rescuers before hearing from Anthony Palma, Nicole Duran and Jake Sullivan, the trio that Reskusich says saved her and her husband's lives.

    The Reskusich family and the trio — dressed in Kings jerseys — had an emotional reunion Wednesday in Torrance.

    The couple was driving home on the southbound 110 Freeway from an Kings hockey game on Oct. 25 when three vehicles, which Michele Reskusich said were street racing, zoomed by and caused a horrific, chain-reaction crash that flipped over their truck. 

    The couple, trapped in their vehicle, was struck by another oncoming truck.

    "I think we would have been dead," Michele Reskusich said.

    But their prayers were answered when a group of good Samaritans who happened to be driving back from the same game stopped to pull Michele and Glen from the wreck.

    "We saw some gas on the floor, so we didn't want to keep them in the car, so we had to drag them out through the passenger side window," Palma said. 

    "I did panic, but it was more about getting them away from it," said Duran, who was in tears when she hugged Michele Reskusich.

    Their meeting was made possible thanks to Reskusich's post on Facebook. Palma's uncle commented on the post saying the young man and his friends were the rescuers, and he'd try to get them in touch. Then Reskusich got a call from the man's mother.

    "From what I understand he is a very humble young man, and was accompanied by three of his friends," Reskusich wrote in a Facebook comment after getting the call.

    She said she was invited by the Kings to dinner and a game, and wants to do something to recognize her rescuers, possibly at a Kings match — their bond now strengthened by their mutual love for hockey.



    Photo Credit: KNBC-TV

    Michele Reskusich embraces Nicole Duran, who along with two other men, saved Reskusich and her husband from getting struck again in a horrific crash on the 101 Freeway back in October. The couple was driving back home from an LA Kings game before they were saved from their mangled truck by three rescuers and fellow Kings fans, who were also coming back home from the same game.Michele Reskusich embraces Nicole Duran, who along with two other men, saved Reskusich and her husband from getting struck again in a horrific crash on the 101 Freeway back in October. The couple was driving back home from an LA Kings game before they were saved from their mangled truck by three rescuers and fellow Kings fans, who were also coming back home from the same game.

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    The Bush family is Republican royalty in Texas for many, so it was a big deal when both former presidents Bush refused to endorse Donald Trump.

    George W. Bush even left the president spot blank on his ballot, according to his spokesman.

    The only member of the Bush family to campaign for the president-elect is George P. Bush, son of Jeb Bush, one of Trump's primary opponents. He said he is his own man and, when it comes to the GOP, he's a team player.

    George P. Bush — the commissioner of the General Land Office of Texas — said he's happy that Texas stayed red in the election and is pleased with the results.

    "It was a big night," he said. "All of our statewide elected officials won with over 10 percent of the vote. Donald Trump won, of course. We won a majority of the competitive House races that we were seeking to protect."

    Many negative things were said about Bush's father and mother during a very heated campaign with Donald Trump, yet Bush said it wasn't hard to endorse Trump.

    "Politics is a tough business," he said. "The commitment I made to not only the Republican Party here, but to my own supporters that wanted me to support Donald Trump, the candidate, was that the alternative was far worse."

    A spokesman said former President George W. Bush and Laura Bush said they didn't vote for Trump or Hillary Clinton. George P. Bush said his decision to vote Trump was his own.

    "I'm a man in my own right, but it was a tough decision. Not one to be taken lightly by any means," he said.

    Bush, who is part Hispanic, also addressed the concerns some in the Hispanic community may have about a Trump presidency.

    "I say, 'Tranquilo.' It's going to be OK," he said. "I think Donald Trump's vision will incorporate all America. He has reached out in a unifying tone as of last night and he's going to take advantage of that and reach across party aisles, reach across to all communities to make sure we are taking on our biggest issues."

    Bush said his father and grandfather, George H.W. Bush, reached out to Trump Wednesday to congratulate him.



    Photo Credit: NBC 5 News

    George P. Bush, the only member of the Bush family to campaign for President-elect Donald Trump, tells NBC 5's Meredith Land he is his own man and a team player when it comes to the GOP.George P. Bush, the only member of the Bush family to campaign for President-elect Donald Trump, tells NBC 5's Meredith Land he is his own man and a team player when it comes to the GOP.

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    The State Department has issued an unusually severe warning to Americans considering traveling to North Korea, saying tourists to the authoritarian country may well be propping up its dangerous nuclear program, NBC News reported.

    "The [Democratic People's Republic of Korea] funnels revenue from a variety of sources to its nuclear and weapons programs, which it prioritizes above everything else, often at the expense of the well-being of its own people," according to the message dated Wednesday.

    "It is entirely possible that money spent by tourists in the DPRK goes to fund these programs. We would urge all travelers, before travelling to the DPRK, to consider what they might be supporting," it added.

    The State Department also warned that travelers to the Kim Jong Un-ruled country face "serious risk of arrest and long-term detention" for actions that would not be considered crimes in the U.S.



    Photo Credit: AP

    In this May 10, 2016, file photo, North Korea's leader Kim Jong Un watches a parade from a balcony at the Kim Il Sung Square in Pyongyang. The U.S. State Department issued a warning to anyone wishing to travel there that they may be inadvertently funding the country's nuclear program.In this May 10, 2016, file photo, North Korea's leader Kim Jong Un watches a parade from a balcony at the Kim Il Sung Square in Pyongyang. The U.S. State Department issued a warning to anyone wishing to travel there that they may be inadvertently funding the country's nuclear program.

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    President-elect Trump gets his first inside look at his new home and workspace on Thursday. He's headed to the White House for a briefing from President Obama as the transition begins. "It is time for us to come together as one united people," said Donald Trump.

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    Cornell University has developed an innovative way to teach veterinary students to care for animals in emergency situations: a robotic dog named Robo Jerry 2. Cornell is also designing simulator parts to be used in robo-cats and possibly someday robo-horses. "When that real patient comes in that looks similar to that case they managed in simulation, they're much more likely to jump in and then be involved because now they feel confident," said Dr. Daniel Fletcher, who created Robo Jerry 2. He hopes that's a confidence that will carry them into clinic.

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    The 2016 presidential race has been contentious and full of surprises. Check out scenes from the campaign trail.

    Photo Credit: John Locher/AP

    President-elect Donald Trump gives his acceptance speech during his election night rally, Wednesday, Nov. 9, 2016, in New York.President-elect Donald Trump gives his acceptance speech during his election night rally, Wednesday, Nov. 9, 2016, in New York.

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    The stunning election of Republican presidential candidate Donald Trump set off protests in some U.S. cities on Wednesday.

    Photo Credit: Getty Images

    Protestors burn an American flag on Fifth Avenue outside of Trump Tower, Nov. 9, 2016, in New York City.Protestors burn an American flag on Fifth Avenue outside of Trump Tower, Nov. 9, 2016, in New York City.

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    Many Americans said they would move to Canada if Donald Trump were to win the presidential election, but will they? Even if Americans do take steps to move, "waiting times can vary from months to sometimes years," said immigration attorney David Clarke, adding that the president you're moving away from could very well be out of office by the time you're even eligible to move.

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    President Barack Obama welcomed President-elect Donald Trump to the White House Thursday for a private meeting in the Oval Office. After spending roughly 90 minutes together the pair made a brief statement to reporters. Obama said he was "encouraged" by the wide-ranging conversation the pair had, adding that it's important "we call come together" to face the challenges America faces. Trump added that he "very much looks forward" to dealing with President Obama in the future and will rely on his "counsel"

    Photo Credit: Pablo Martinez Monsivais/AP

    President Barack Obama meets with President-elect Donald Trump in the Oval Office of the White House in Washington, on Nov. 10, 2016.President Barack Obama meets with President-elect Donald Trump in the Oval Office of the White House in Washington, on Nov. 10, 2016.

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    Check out some of the best images from the 2016-2017 NFL season.

    Photo Credit: Jonathan Ferrey/Getty Images

    Free safety Earl Thomas #29 of the Seattle Seahawks celebrates after helping break up a touchdown play in the final moments against the Buffalo Bills at CenturyLink Field on Nov. 7, 2016, in Seattle, Washington.Free safety Earl Thomas #29 of the Seattle Seahawks celebrates after helping break up a touchdown play in the final moments against the Buffalo Bills at CenturyLink Field on Nov. 7, 2016, in Seattle, Washington.

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    It appears more Americans chose Hillary Clinton on Nov. 8, but got Donald Trump.

    Votes are still being counted, but it looks almost certain that despite losing the presidency, Hillary Clinton will win the popular vote, NBC News reported. 

    And likely by a million or more votes — a much larger margin than Al Gore enjoyed in 2000, when he too was denied by the Electoral College even though he had more votes.

    If the candidate who got fewer votes wins the White House for the second time in five elections, it could put a new spotlight on the peculiar way that America picks its presidents — one not shared by any other democracy.



    Photo Credit: Getty Images

    Former Secretary of State Hillary Clinton, accompanied by her husband former President Bill Clinton, pauses as she concedes the presidential election at the New Yorker Hotel on Nov. 9, 2016, in New York City. Republican candidate Donald Trump won the 2016 presidential election in the early hours of the morning in a widely unforeseen upset.Former Secretary of State Hillary Clinton, accompanied by her husband former President Bill Clinton, pauses as she concedes the presidential election at the New Yorker Hotel on Nov. 9, 2016, in New York City. Republican candidate Donald Trump won the 2016 presidential election in the early hours of the morning in a widely unforeseen upset.

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    Some people are finding creative ways to voice their displeasure at the prospect of a President-elect Trump. Now some are setting their sneakers on fire.

    More specifically some are setting their New Balance sneakers on fire a controversy sparked by a tweet from a Wall Street Journal reporter. The Boston-based company spokesman expressed excitement about the prospect of a Donald Trump presidency after the Obama administration had "turned a deaf ear to us."

    The website Sole Collector shared the news and it apparently didn't go over well with several of the company's consumers. Some turned to social media showing them throwing their sneakers in the trash and in some extreme cases, setting them on fire.

    The company said in a statement Thursday it was the only major company that still makes athletic shoes in the U.S., and that it "publicly supported the trade positions of Hillary Clinton, Bernie Sanders, and Donald Trump prior to election day that focused on American manufacturing job creation and we continue to support them today.”

    Without addressing the social media outcry directly, New Balance also tweeted late Thursday that as a company they "believe in community and believe in humanity."



    Photo Credit: Getty Images
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    Some people are setting their New Balance shoes on fire to protest Trump election.Some people are setting their New Balance shoes on fire to protest Trump election.

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    President-elect Donald Trump controls more than 500 companies across many industries and will face many issues that will affect his private interests when conducting economic business in the Oval Office, NBC News reported. 

    "The sheer scale and private nature of his business suggest it would be an unprecedented and potentially thorny situation for a president," said Ari Melber, MSNBC's chief legal correspondent.

    Trump has said that he will hand his brand over to his children while he runs the country. He’s also promised to follow sanctions imposed on private businesses by the government.

    Click through for analysis on how President Trump will handle his massive holdings.



    Photo Credit: Getty Images

    File photo: Hundreds of protestors rallying against Donald Trump gather outside of Trump Tower, Nov. 9, 2016, in New York City.File photo: Hundreds of protestors rallying against Donald Trump gather outside of Trump Tower, Nov. 9, 2016, in New York City.

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    After a meeting with the top Republicans on Capitol Hill Thursday to discuss the agenda ahead, President-elect Donald Trump laid out his top three priorities: immigration, health care and jobs.

    "We're gonna look very strongly at immigration; we're gonna look at the border. We're gonna look very strongly at health care, and we're looking at jobs — big league jobs," Trump told a throng of reporters after a meeting with Senate Majority Leader Mitch McConnell, NBC News reported.

    While Trump mentioned the border being a top priority within the realm of immigration, he did not specifically mention the construction of a physical wall, something that he campaigned heavily on. Such a wall, however, is estimated to cost tens of billions of dollars.

    Trump was asked if he would ask Congress to ban Muslims from entering the country, a proposal Trump floated on the campaign trail. But Trump ignored the question, said "thank you, everybody" and walked away.



    Photo Credit: Getty Images

    Senate Majority Leader Mitch McConnell, walks with President-elect Donald Trump at the U.S. Capitol on Nov. 10, 2016, in Washington, DC.Senate Majority Leader Mitch McConnell, walks with President-elect Donald Trump at the U.S. Capitol on Nov. 10, 2016, in Washington, DC.

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