U.S. Economy
PBS, NPR funding on the line as House nears final vote on $9.4 billion in DOGE-backed cuts
U.S. President Donald Trump and U.S. House Speaker Mike Johnson react during an Invest America Roundtable in the State Dining room, at the White House, in Washington, U.S., June 9, 2025. Evelyn Hockstein | Reuters The House on Wednesday moved a step closer to approving President Donald Trump’s $9.4 billion spending cut package, which would […]
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Trump’s ‘done’ deal with China: Trade damage will remain, logistics firms and retailers say
Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty Images President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% […]
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Bessent floats extending tariff pause for countries in ‘good faith’ trade talks
U.S. Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee in the Rayburn House Office Building on June 11, 2025 in Washington, DC. Bessent testified on the priorities of the Treasury Department. Kevin Dietsch | Getty Images Treasury Secretary Scott Bessent signaled the Trump administration’s openness on Wednesday to extending President Donald […]
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Trump says D.C. military parade protesters will be met with ‘very heavy force’
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 10, 2025. Nathan Howard | Reuters President Donald Trump warned Tuesday that protestors at his upcoming military parade in Washington, D.C., will be met with “heavy force.” “We’re going to be celebrating big on Saturday,” Trump said […]
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Speaker Johnson hopes Musk and Trump can ‘reconcile’ their differences after public fallout
US Speaker of the House Mike Johnson, Republican from Louisiana, speaks during a news conference after a House Republican conference meeting on Capitol Hill in Washington, DC on June 4, 2025. Saul Loeb | Afp | Getty Images House Speaker Mike Johnson said Sunday that he hopes President Donald Trump and Elon Musk can “reconcile” […]
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Trump says Elon Musk will face ‘serious consequences’ if he backs Democratic candidates
U.S. President Donald Trump gestures while boarding Air Force One as he departs for New Jersey at Joint Base Andrews, Maryland, U.S., June 6, 2025. Nathan Howard | Reuters President Donald Trump told NBC News on Saturday that Elon Musk would see “serious consequences” if he backs Democratic candidates who challenge Republicans supporting the “big, […]
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Elon Musk appears to delete some explosive X posts amid feud with Trump
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk has appeared to delete some of his posts on his social media platform X that escalated his bitter feud with President Donald Trump this […]
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Sen. Ron Johnson rips into ‘immoral’ GOP spending bill: ‘I can’t accept it’
Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes. “This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that […]
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Trump tax bill would add $2.4 trillion to deficits, Congressional Budget Office says
President Donald Trump’s “big, beautiful bill” would add $2.4 trillion to federal budget deficits over the next decade, the Congressional Budget Office estimated Wednesday. The bill passed by House Republicans last month would decrease federal spending by $1.3 trillion, but also see a a $3.7 trillion drop in revenues, according to the CBO’s latest analysis. The […]
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New Elizabeth Warren report chronicles ‘130 days of Elon Musk’
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Sen. Elizabeth Warren’s office issued a report Tuesday chronicling Elon Musk’s “130 days” in President Donald Trump’s administration, accusing the billionaire of […]
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