Elections
20,000 IRS employees interested in deferred resignation offer as tax deadline looms
A traffic light is red outside the U.S. Internal Revenue Service (IRS) building after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency’s resources during the critical tax-filing season, in Washington, D.C., Feb. 20, 2025. Kent Nishimura | Reuters Around 20,000 Internal Revenue Service employees […]
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AOC fundraising soars as the New York rep and Bernie Sanders barnstorm U.S. against Trump
Rep. Alexandria Ocasio-Cortez (D-NY) speaks during a stop on the ‘Fighting Oligarchy’ tour with U.S. Sen. Bernie Sanders (I-VT) at Grand Park on April 12, 2025 in Los Angeles, California. Mario Tama | Getty Images Rep. Alexandria Ocasio-Cortez raised $9.6 million during the first quarter of 2025, the strongest ever quarter for the New York […]
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Trump ‘looking into’ legality of deporting U.S. citizens to foreign prisons, White House says
WASHINGTON, DC – APRIL 14: US President Donald Trump, during a meeting with Nayib Bukele, El Salvador’s president, in the Oval Office of the White House in Washington, DC, US, on Monday, April 14, 2025. Al Drago | The Washington Post | Getty Images President Donald Trump is exploring whether he can legally deport U.S. […]
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Harvard University rejects Trump DEI demands, imperiling $9 billion in federal funding
A person runs past Dunster House at Harvard University in Cambridge, Massachusetts, March 17, 2025. Scott Eisen | Getty Images Harvard University on Monday rejected demands by the Trump administration to eliminate its DEI programs and screen international students for ideological concerns, putting nearly $9 billion in federal funding for the university at risk. “No […]
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Trump aide Hassett says U.S. got ‘amazing’ tariff deal offers, recession ‘100% not’ happening
White House Council of Economic Advisers Chairman Kevin Hassett speaks with reporters outside the White House in Washington, DC, on March 7, 2025. Anna Moneymaker | Getty Images News | Getty Images National Economic Council Director Kevin Hassett said Monday that “more than 10” countries have made “very good, amazing” trade deal offers to the […]
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Trump Commerce chief fuels tariff confusion, saying exemptions for phones, computers and other electronics are not permanent
U.S. Commerce Secretary nominee Howard Lutnick speaks inside the Capital One arena on the inauguration day of Donald Trump’s second presidential term, in Washington, U.S., January 20, 2025. Mike Segar | Reuters President Donald Trump’s Commerce Secretary Howard Lutnick suggested Sunday that the reciprocal tariff exemptions for some electronics may be short-lived, and said separate […]
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China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs
China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China. “We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its […]
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Trump exempts phones, computers, chips from new tariffs
Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection. The guidance comes after Trump earlier this month imposed 125% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which make most of […]
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Billionaire investor Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’
Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%. The founder of Duquesne Family Office has been consistent in opposition to the U.S. imposing tariffs above 10% […]
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Economists take issue with Trump’s tariff formula, arguing rate is inflated
The formula at the core of President Donald Trump’s tariff announcement that continues to rattle markets is bewildering economists, who say it is based on flawed assumptions. Economists argue that Trump’s formula relies on a flawed, underestimation of a key metric, resulting in inflated tariff rates for countries. According to the Office of the United […]
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