Category Archives: World/National

Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

WASHINGTON (AP) — President Donald Trump’s big bill is likely to unleash trillions in tax cuts and slash spending, but also spike deficits by $2.4 trillion over the decade and leave some 10.9 million more people without health insurance. That’s according to a new analysis released Wednesday by the nonpartisan Congressional Budget Office. The findings are raising political stakes for the GOP’s signature domestic priority. GOP senators were heading for an afternoon meeting with Trump at the White House. Republican leaders are determined to muscle the package through Congress by his July Fourth deadline. But billionaire Elon Musk is trashing the package — posting “Kill the bill” and Democrats are piling on their own opposition.… Continue Reading

Trump urges senators to get his big tax bill done by July 4th

Trump urges senators to get his big tax bill done by July 4th

WASHINGTON (AP) — President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be signed into law by Independence Day. And he’s pushing the slow-rolling Senate to make it happen sooner rather than later. Trump met with Senate Majority Leader John Thune at the White House earlier this week and has been dialing senators for one-on-one chats, using both the carrot and stick to encourage them to act. But it’s still a long road ahead for the bill. Senators want to make changes to protect Medicaid and ensure some tax breaks become permanent. Elon Musk called the whole bill a “disgusting abomination.”… Continue Reading

Ukraine’s drone attack on Russian warplanes was a serious blow to the Kremlin’s strategic arsenal

Ukraine’s drone attack on Russian warplanes was a serious blow to the Kremlin’s strategic arsenal

A surprise Ukrainian drone attack that targeted Russian air bases hosting nuclear-capable strategic bombers was unprecedented in its scope and sophistication, and dealt a heavy blow to the Russian military. Ukraine said more than 40 bombers were damaged or destroyed Sunday. That’s about a third of Russia’s strategic fleet. The Russian military said only several planes were damaged. The conflicting claims couldn’t be independently verified. But the bold attack demonstrated Ukraine’s capability to hit high-value targets anywhere on Russian territory, dealing a humiliating blow to the Kremlin and inflicting significant losses to Moscow’s arsenal in the 3-year-old war.… Continue Reading

US job openings rose in April, signaling resilience in the American labor market

US job openings rose in April, signaling resilience in the American labor market

WASHINGTON (AP) — U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars. The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up from 7.2 million in March. Economists had expected opening to drift down to 7.1 million. But the number of Americans quitting their job — a sign of confidence in their prospects — fell, and layoffs ticked higher. Openings remain high by historical standards but have dropped sharply since peaking at 12.1 million in March 2022 when the economy was still roaring back COVID-19 lockdowns.… Continue Reading

FDA approves Moderna’s new lower-dose COVID-19 vaccine

FDA approves Moderna’s new lower-dose COVID-19 vaccine

The Food and Drug administration has approved a new COVID-19 vaccine made by Moderna but with limits on who can use it. Moderna’s new option is a lower-dose version that is a step toward next-generation coronavirus vaccines. The company said in a statement Saturday that it expects to offer both the new vaccine and its existing COVID-19 shot this fall. The FDA approved the new vaccine for all adults 65 and older, and for people age 12 to 64 who are at higher risk from the coronavirus. That’s the same limit that the FDA set in licensing another vaccine option from Novavax.… Continue Reading

Trump gives Elon Musk an Oval Office sendoff

Trump gives Elon Musk an Oval Office sendoff

WASHINGTON (AP) — President Donald Trump bid farewell to Elon Musk in the Oval Office. The billionaire entrepreneur is ending his work in the administration on Friday. He had spearheaded the Department of Government Efficiency, known as DOGE, to slash federal spending. However, Musk fell far short of his targets and struggled in the unfamiliar environment of Washington. Thousands of people were laid off or pushed out of their jobs while litigation piled up. Musk plans to go back to running his companies, including Tesla and SpaceX. He’s also said he’ll curtail political spending after becoming Trump’s biggest donor in last year’s presidential campaign.… Continue Reading

A global rally for stocks loses steam amid questions about what will happen to Trump’s tariffs

A global rally for stocks loses steam amid questions about what will happen to Trump’s tariffs

NEW YORK (AP) — A big rally for stocks that began in Asia lost steam amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s tariffs. The S&P 500 rose 0.4% Thursday after giving up most of an earlier gain. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq composite added 0.4%. It’s a downshift after stocks initially leaped in Tokyo and Seoul, where markets had the first chance to react to Wednesday’s ruling by the U.S. Court of International Trade. The White House said it would appeal. Nvidia rallied after its profit report.… Continue Reading

Chinese students anxious and angry after Rubio vows to revoke visas

Chinese students anxious and angry after Rubio vows to revoke visas

HONG KONG (AP) — Chinese students in the U.S. are scrambling to figure out their futures after U.S. Secretary of State Marco Rubio announced Wednesday some students would have their visas revoked. Many reacted with anger. A Chinese student at Johns Hopkins University described it as a “new version of Chinese Exclusion Act.” Chinese students have seen rising rejection rates for visas in recent years amid strained U.S.-China relations. Hong Kong has said it would welcome students from all over who were impacted by the U.S.’ changing policies to study in the city… Continue Reading

Elon Musk is leaving the Trump administration after leading effort to slash federal government

Elon Musk is leaving the Trump administration after leading effort to slash federal government

WASHINGTON (AP) — Elon Musk is criticizing the centerpiece of President Donald Trump’s legislative agenda, saying he’s “disappointed” in what the president calls his “big beautiful bill.” Trump defended the measure by emphasizing the tax cut proposals and saying it’s the product of delicate negotiations. It’s a significant fracture in a partnership that was forged during last year’s campaign and was poised to reshape American politics and the federal government. Musk made his comments in an interview with CBS that came out Tuesday night. He said the legislation “undermines the work” of his Department of Government Efficiency, known as DOGE. Republicans recently pushed the legislation through the House and are debating it in the Senate.… Continue Reading

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