Breaking News: Politics
Trump’s megabill advances in the House after GOP divisions nearly derail it
Speaker of the House Mike Johnson, R-La., talks with the media after the House Republican Conference meeting on a plan to fund the government and avert a shutdown in the U.S. Capitol on Friday, December 20, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Republican-controlled U.S. House on Thursday advanced U.S. President […]
Read More
Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners
Key Points New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn’t deliver much of a financial benefit for lower earners, experts said. These policies are part of a massive legislative package championed by President Donald Trump. Source
Read More
Trump’s deportations are hurting Constellation Brands’ beer sales
Bottles of Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California. Justin Sullivan | Getty Images Constellation Brands’ beer sales fell 2% in its latest quarter as President Donald Trump’s deportations and consumers’ broader economic fears weighed on demand. In April, Constellation CEO Bill Newlands […]
Read More
Trump announces U.S. trade deal with Vietnam
A worker stitches apparels at a garment factory in Vietnam’s Thai Nguyen Province on July 2, 2025. Nhac Nguyen | Afp | Getty Images President Donald Trump said Wednesday that the United States has struck a trade deal with Vietnam. Trump’s Truth Social post announcing that deal provided no additional information, but assured that more […]
Read More
House Republicans race to pass Trump’s megabill amid GOP divisions
Speaker of the House Mike Johnson (R-LA) speaks with reporters as he returns to his office after going to the House Rules Committee as it holds a hearing to consider the One, Big, Beautiful Bill Act at the U.S. Capitol on July 01, 2025 in Washington, DC. House Republicans began their work on the legislation […]
Read More
Pentagon halts weapons shipment to Ukraine amid concerns over U.S. stockpile
Defense Secretary Pete Hegseth has ordered a pause in sending a shipment of missiles and ammunition to Ukraine amid concern about the U.S. military’s stockpiles, according to two defense officials, two congressional officials and two sources with knowledge of the decision. Hegseth ordered the delay weeks after he issued a memo ordering a review of […]
Read More
Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’
William_potter | Istock | Getty Images The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain. Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor […]
Read More
Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025. Jim Lo Scalzo | Bloomberg | Getty Images Tesla shares have dropped 7% from […]
Read More
House Republicans subpoena Brown University and Penn in Ivy League antitrust probe
A person walks past a sign of the Brown University, in Providence, Rhode Island, U.S., March 17, 2025. Brian Snyder | Reuters The House Judiciary Committee issued subpoenas Tuesday to Brown University and the University of Pennsylvania, demanding additional documents from the schools as part of an ongoing probe into alleged antitrust violations in Ivy […]
Read More
Trump says Israel has agreed on terms for a 60-day ceasefire in Gaza and urges Hamas to accept deal
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to Joint Base Andrews, Maryland, after touring a temporary migrant detention center informally known as “Alligator Alcatraz” in Ochopee, Florida, U.S., July 1, 2025. Evelyn Hockstein | Reuters President Donald Trump said Tuesday that Israel has agreed on terms for a 60-day […]
Read More