Tag Archives: donald trump

US consumer confidence rebounds after five straight months of declines amid tariff anxiety

US consumer confidence rebounds after five straight months of declines amid tariff anxiety

WASHINGTON (AP) — Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs. The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April’s 85.7, its lowest reading since May 2020. A measure of Americans’ short-term expectations for their income, business conditions and the job market jumped 17.4 points to 72.8, but remained below 80, which can signal a recession ahead.… Continue Reading

NPR sues Trump administration over executive order to cut federal funding to public media

NPR sues Trump administration over executive order to cut federal funding to public media

NEW YORK (AP) — National Public Radio and three local stations are suing President Donald Trump, arguing that an executive order aimed at cutting federal funding for the organization is illegal. The lawsuit was filed in federal court in Washington by NPR, Colorado Public Radio, Aspen Public Radio and KUTE, Inc. It argues that Trump’s executive order to slash public subsidies to PBS and NPR violates the First Amendment. Trump issued the executive order earlier this month that instructs the Corporation for Public Broadcasting and other federal agencies “to cease Federal funding for NPR and PBS” and requires that they work to root out indirect sources of public financing for the news organizations.… Continue Reading

Trump administration moves to cut $100 million in federal contracts for Harvard

Trump administration moves to cut $100 million in federal contracts for Harvard

WASHINGTON (AP) — The Trump administration is asking federal agencies to cancel contracts with Harvard University worth about $100 million. The move intensifies the president’s clash with the nation’s oldest and wealthiest university. The government already has canceled more than $2.6 billion in federal research grants for the Ivy League school, which has pushed back on the administration’s demands for changes to several of its policies. A letter sent Tuesday from the General Services Administration directed agencies to review contracts with the university and seek alternate vendors. President Donald Trump has railed against Harvard, calling it a hotbed of liberalism and antisemitism. The school filed a lawsuit over the administration’s calls for changes to the university.… Continue Reading

Federal judge blocks Trump administration decision to bar foreign student enrollment at Harvard

Federal judge blocks Trump administration decision to bar foreign student enrollment at Harvard

WASHINGTON (AP) — A federal judge has blocked a Trump administration decision to revoke Harvard University’s ability to enroll international students. The temporary restraining order stops the government from pulling Harvard’s certification in the Student and Exchange Visitor Program, which allows the school to sponsor international students as they obtain visas to study in the U.S. Harvard filed the lawsuit in U.S. District Court in Massachusetts earlier Friday.… Continue Reading

Judge blocks Trump’s order to dismantle the Education Department and fire employees

Judge blocks Trump’s order to dismantle the Education Department and fire employees

WASHINGTON (AP) — A federal judge has blocked President Donald Trump’s executive order to dismantle the Education Department and ordered the agency to reinstate employees who were fired in mass layoffs. U.S. District Judge Myong Joun in Boston granted a preliminary injunction Thursday stopping the Trump administration from carrying out two plans announced in March that sought to work toward Trump’s goal to dismantle the department. It marks a setback to one of the Republican president’s campaign promises. The ruling came in two consolidated lawsuits that said Trump’s plan amounted to an illegal closure of the Education Department.… Continue Reading

House Republicans pass Trump’s big bill of tax breaks and program cuts after all-night session

House Republicans pass Trump’s big bill of tax breaks and program cuts after all-night session

WASHINGTON (AP) — House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package. Speaker Mike Johnson defied the skeptics within his ranks and muscled President Donald Trump’s priority bill to approval Thursday. Last-minute concessions and a stern warning from Trump appeared to win over the hold outs to salvage what he calls the “big, beautiful bill.” The outcome caps an intense time on Capitol Hill, with days of private negotiations and public committee hearings. Democrats, without the votes to stop Trump’s package, tried to stall it. The Congressional Budget Office says the tax provisions would add $3.8 trillion to federal deficits.… Continue Reading

Trump announces he’s selected final ‘Golden Dome’ space missile defenses that would cost billions

Trump announces he’s selected final ‘Golden Dome’ space missile defenses that would cost billions

WASHINGTON (AP) — President Donald Trump has announced the concept he wants for his future Golden Dome missile defense program — a multilayered system that for the first time will put U.S. weapons in space. Speaking Tuesday in the Oval Office, Trump said the system would cost $175 billion. He expects it will be “fully operational before the end of my term,” which ends in 2029, and have the capability of intercepting missiles “even if they are launched from space.” It’s likelier that the complex system may have some initial capability by that point, a U.S. official familiar with the program said.… Continue Reading

Home Depot says it doesn’t expect to boost prices because of tariffs

Home Depot says it doesn’t expect to boost prices because of tariffs

Home Depot doesn’t expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves. Other companies, domestic and foreign, have warned customers that price hikes are on the way. Walmart said last week that it has already raised prices and will have to do so again in the near future. Late Monday, Subaru of America said it would raise prices on some of its most popular models by as much as $2,000. Home Depot says it doesn’t expect any single country outside of the U.S. will represent more than 10% of its purchases 12 months from now.… Continue Reading

Trump officials set new requirements for COVID vaccines in healthy adults and children

Trump officials set new requirements for COVID vaccines in healthy adults and children

WASHINGTON (AP) — Federal health officials will no longer routinely approve annual COVID-19 shots for younger adults and children who are healthy. Companies that want to market their vaccines to those Americans will need to conduct large, new studies, the Food and Drug Administration said Tuesday. It’s a major shift in FDA’s approach to updating vaccines that protect against the virus. It comes as Health Secretary Robert F. Kennedy and his appointees continue to scrutinize the use of vaccines for a number of diseases. The FDA said Tuesday annual COVID shots will still be regularly approved for seniors and younger people with increased health risks from the virus.… Continue Reading

Trump comes to the Capitol to try to persuade a divided GOP to unify around his big tax cuts bill

Trump comes to the Capitol to try to persuade a divided GOP to unify around his big tax cuts bill

WASHINGTON (AP) — President Donald Trump has arrived on Capitol Hill to try to seal the deal on what he calls his “big, beautiful bill.” He will try to unify divided House Republicans on the multitrillion-dollar package that is at risk of collapsing before planned votes this week. The president has implored GOP holdouts to “STOP TALKING, AND GET IT DONE.” But negotiations are slogging along. It’s not at all clear the package, with its sweeping tax breaks and cuts to Medicaid, food stamps and green energy programs, has the support needed. With all Democrats opposed, the Republicans can handle only a few defections from their slim House majority.… Continue Reading

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