Washington — Sen. Gary Peters, a Michigan Democrat, said he won’t seek reelection in 2026, in a surprise announcement that opens up a key seat in the battleground state. Peters, 66, has represented Michigan in the Senate since 2015, after serving in the House. He worked as chairman of the Senate Democratic campaign arm in…
New Hegseth allegations emerge – CBS News Watch CBS News Peter Hegseth, President Donald Trump’s Defense secretary pick, is facing new allegations, this time from his former sister-in-law, who claims the former Fox News host made his second wife fear for her safety. Hegseth’s lawyer has denied the allegations. Nikole Killion has the details. Be…
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric-vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories. Executive orders issued by Mr. Trump on Inauguration Day amount to a…
Donald Trump pledged to delay enforcement of a national security law that threatened to ban TikTok. Yet it’s not clear whether the app’s Chinese parent is able — or willing — to secure a US backer in time to avoid a permanent shutdown. Most immediate is the question of whether such an extension would be…
The chief executive of TikTok plans to attend President-elect Donald J. Trump’s inauguration and has been invited to sit in a position of honor on the dais, where former presidents, family members and other important guests traditionally are seated, two people familiar with the plans said Wednesday. The invitation to the executive, Shou Chew, went…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The messy process of trying to avert a U.S. government shutdown offers investors a glimpse into challenges the incoming Trump administration will face in implementing its agenda, adding a market concern for the coming year. While the showdown has so far not rattled markets, investors said it…
A key House Republican criticized the Biden administration’s latest attempt to curtail China’s chipmaking ambitions, saying US rules unveiled Monday leave loopholes that will let Chinese companies like Huawei Technologies Co. continue acquiring American technology. Representative John Moolenaar, who chairs the chamber’s China Select Committee, expressed his concerns in a letter Wednesday to Commerce Secretary…
With President Joe Biden leaving office soon, the Commerce Department is wrapping up loose ends, including allocating billions of dollars in subsidies to help build advanced chips on U.S. soil. The Commerce Department will give Taiwan Semiconductor Manufacturing (TSMC) up to $6.6 billion in direct funding for three semiconductor manufacturing facilities in Arizona, according to…
WASHINGTON (Reuters) -Data provider DDHQ projected on Monday that President-elect Donald Trump’s Republican Party had won a majority in the U.S. House of Representatives, which would signal that Republicans would hold a majority in both chambers of Congress. Edison Research has not yet projected House control. It has projected that Republicans will hold at least…
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump. The largest token has jumped about 30% since the US election on Nov. 5 and reached an all-time high of $89,599 in early…