Tag Archives: donald trump

House approves budget framework for Trump’s ‘big’ bill after intense wrangling sways GOP holdouts

House approves budget framework for Trump’s ‘big’ bill after intense wrangling sways GOP holdouts

WASHINGTON (AP) — House Republicans have narrowly approved their budget framework. The 216-214 tally was a turnaround for Speaker Mike Johnson after abruptly postponing Wednesday’s vote. Johnson worked into the night to satisfy conservative lawmakers who refused to support the plan. He and Senate Majority Leader John Thune assured conservatives they were on track seeking at least $1.5 trillion in cuts. President Donald Trump had admonished the holdouts to “stop grandstanding.” The bill is central to President Donald Trump’s agenda of tax breaks, spending cuts and mass deportations. There are still more votes ahead as lawmakers draft a final package in the weeks to come.… Continue Reading

Supreme Court allows Trump’s firings of independent agency board members to take effect, for now

Supreme Court allows Trump’s firings of independent agency board members to take effect, for now

WASHINGTON (AP) — The Supreme Court is allowing the Trump administration to oust two board members who oversee independent agencies, for now. The action Wednesday seems to signal the court’s support for President Donald Trump’s effort to remove some limits on executive power. Chief Justice John Roberts signed an order pausing an appellate ruling that had temporarily restored the two women to their jobs. They were separately fired from agencies that deal with labor issues, including one with a key role for federal workers as Trump aims to drastically downsize the workforce. The immediate issue confronting the justices is whether the board members can stay in place while the larger fight continues over what to do with a 90-year-old Supreme Court decision disfavored by conservatives.… Continue Reading

White House keeps world guessing as clock ticks down to Trump’s new tariffs

White House keeps world guessing as clock ticks down to Trump’s new tariffs

WASHINGTON (AP) — The White House is sending mixed messages on tariffs as it pursues conflicting goals, frustrating foreign leaders and business executives who are desperate for clarity on a generational overhaul of international trade. Administration officials have alternated between talking about seeking negotiations or pushing forward with tariffs no matter what. President Donald Trump tried to have it both ways this week, saying “there can be permanent tariffs, and there can also be negotiations.” That has left world leaders and businesses holding their breath as the stock market craters and the clock ticks down to the new tariffs taking effect Wednesday.… Continue Reading

US stocks dip after careening through a manic day following Trump’s latest tariff threat

US stocks dip after careening through a manic day following Trump’s latest tariff threat

NEW YORK (AP) — US stocks careened after President Donald Trump threatened to crank his tariffs higher, despite a stunning display showing how much Wall Street wants him to do the opposite. The S&P 500 sank 0.2% Monday. The Dow Jones Industrial Average fell 349 points, and the Nasdaq composite rose 0.1%. The Dow was earlier down as many as 1,700 points following even worse losses worldwide on worries that Trump’s tariffs could torpedo the global economy. It then surged to a gain after a rumor circulated that Trump may pause his tariffs. But the White House quickly called that fake news, and Trump then threatened to raise tariffs further on China.… Continue Reading

Trump says he’s not backing down on tariffs, calls them ‘medicine’ as markets reel

Trump says he’s not backing down on tariffs, calls them ‘medicine’ as markets reel

WEST PALM BEACH, Fla. (AP) — President Donald Trump says he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S. He’s digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. Speaking to reporters Sunday aboard Air Force One, Trump said he didn’t want global markets to fall, but also that he wasn’t concerned about the massive sell-off either, adding, “sometimes you have to take medicine to fix something.” His comments came after Trump’s aides sought to soothe market concerns by saying more than 50 nations had reached out about launching negotiations to lift the tariffs.… Continue Reading

Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

NEW YORK (AP) — Financial markets around the world reeled following President Donald Trump’s latest and most severe set of tariffs, and the U.S. stock market took the worst of it. The S&P 500 fell 4.8% Thursday, more than other major stock markets. The Dow Jones Industrial Average dropped 1,679 points, and the Nasdaq composite sank 6%. Little was spared as fear flared globally about the potentially toxic mix of weakening economic growth and higher inflation that tariffs can create. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold pulled lower.… Continue Reading

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

WASHINGTON (AP) — President Donald Trump is imposing a 10% baseline tax on imports from all countries and even higher tariff rates on dozens of nations that run trade surpluses with the United States. It threatens to upend much of the architecture of the global economy and trigger broader trade wars. Trump is declaring a national economic emergency to launch the tariffs, which are expected to produce hundreds of billions in annual revenues. He has promised that factory jobs will return back to the United States as a result of the taxes, but his policies risk a sudden economic slowdown as consumers and businesses could face sharp price hikes on autos, clothes and other goods.… Continue Reading

States sue Trump administration for rescinding billions in health funding

States sue Trump administration for rescinding billions in health funding

Attorneys general and other officials from 23 states and the District of Columbia are suing the Trump administration for its decision to claw back $11 billion that went to public health departments for COVID-19 efforts and addiction and mental health programs. The lawsuit was filed in federal court in Rhode Island on Tuesday. The lawsuit says not paying the rest of the federal money will have a devastating effect on public health. Local and state public health departments are still assessing the impact of the loss of funds.… Continue Reading

Military veterans are becoming the face of Trump’s government cuts and Democrats’ resistance

Military veterans are becoming the face of Trump’s government cuts and Democrats’ resistance

WASHINGTON (AP) — Congressional lawmakers are scrambling to formulate a response to President Donald Trump’s slashing of the federal government as one group takes a front and center role: military veterans. Former service members have been acutely affected by the Republican president’s actions, including layoffs at the Department of Veterans Affairs and a Pentagon purge of archives that documented military diversity. Trump is determined to continue slashing the federal government, but the burden will only grow on veterans. Veterans make up roughly 30% of the federal workforce and often tap government benefits they earned with their military service. Democrats have zeroed in on protecting veterans, introducing legislation to shield them from mass layoffs.… Continue Reading

Trump officials texted war plans to a group chat in a secure app that included a journalist

Trump officials texted war plans to a group chat in a secure app that included a journalist

WASHINGTON (AP) — Top national security officials for President Donald Trump, including his defense secretary, texted war plans for upcoming military strikes in Yemen to a group chat in a secure messaging app that included the editor-in-chief for The Atlantic. This was reported by the magazine in a story posted online Monday. The National Security Council said the text chain “appears to be authentic.” Atlantic editor-in-chief Jeffrey Goldberg said the material in the text chain “contained operational details of forthcoming strikes on Iran-backed Houthi-rebels in Yemen, including information about targets, weapons the U.S. would be deploying, and attack sequencing.” Just two hours after Goldberg received the details of the attack on March 15, the U.S. began launching a series of airstrikes.… Continue Reading

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