House Republicans Wednesday moved forward with a tax bill to cut billions of dollars in climate-related funding, reduce regulations, and prematurely phase out clean energy tax credits as part of President Trump’s, “One, Big, Beautiful Bill.” The heart of the Republican budget legislation targets key climate and energy provisions of the Inflation Reduction Act. Cuts…
Cedar Rapids, Iowa — Pete Buttigieg, who served as transportation secretary under former President Joe Biden, appeared to acknowledge Tuesday that he believed Biden should not have run for a second White House term. When asked by reporters if the Democratic party would have been better off without Biden as the nominee, Buttigieg responded, “Maybe,…
The Department of Education says federal student loan borrowers who do not pay on time could damage their credit scores and even have their wages garnished beginning today, May 5 — causing challenges for some of the more than 5 million borrowers who are in default and struggling to get answers about their loans. “I don’t…
Two economic trends stand out as Donald Trump hits the symbolically potent 100-day mark of his second presidential term. The first is that basic data measuring the health of the economy has held up reasonably well. The second is that the future outlook for the economy is lousy. The explanation for this mismatch between the…
Face the Nation: Salvanto, Pape, Russell – CBS News Watch CBS News Missed the second half of the show? The latest on…President Biden and former President Donald Trump are running even in a new CBS News poll of battleground states of Michigan, Pennsylvania and Wisconsin. CBS News director of elections and surveys Anthony Salvanto joins…
President Donald Trump appeared late Tuesday to lower the temperature following days of attacks against Federal Reserve Chair Jerome Powell, saying he wouldn’t seek to oust the central bank chief. How Trump’s tariffs could make your iPhone cost $3,500 “I have no intention of firing him,” Trump told reporters in the Oval Office. Stock futures…
HONG KONG (AP) — China will sanction United States officials, lawmakers and leaders of non-governmental organizations who it says have “performed poorly” on Hong Kong issues, the foreign ministry announced. The U.S. in March sanctioned six Chinese and Hong Kong officials who it alleged were involved in “transnational repression” and acts threatening to further erode…
Donald Trump’s trade war may be a threat to China’s economy, but it may also offer a chance to improve relations with Europe and its neighbours in Asia, as well as “rehabilitating” its image internationally, according to analysts. Beijing has already started working to improve relations with these countries and forge alternative trade agreements and…
WASHINGTON (AP) — Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him. The developments are occurring against a backdrop of wider turmoil in the economy and financial markets,…
Nvidia ‘s China problem reared its head once again, underscoring why Jim Cramer said this week that the AI chipmaker’s stock has been difficult to own during the second Trump administration. In a securities filing Tuesday night, Nvidia said the U.S. government will require the company to obtain an export license to ship its H20…