According to one China watcher, Beijing may be a “long-term beneficiary” of the American retreat from stable leadership, as Washington’s strikes on Iran have revealed it to be an uncertain and unpredictable global power. More significantly, the conflict has revealed Washington’s reluctance to engage in a prolonged war, offering the Chinese leadership clues on how…
Senate works to kickstart Trump’s legislative agenda that could impact millions – CBS News Watch CBS News The Senate is putting in extra hours on Saturday to kickstart President Trump’s legislative agenda. Overnight, Republicans released the full text for an updated version of Mr. Trump’s “big, beautiful bill,” containing tax and spending cuts that could…
Elon Musk made several last-ditch arguments on X, formerly Twitter, ahead of Saturday’s planned vote in the Senate that will look to advance President Donald Trump‘s “Big Beautiful” spending bill in a key vote. Why It Matters Musk, who had spent months as a close Trump ally during his time leading the Department of Government…
In Marsha P. Johnson’s final interview before her death in 1992, the activist later recognized as an icon of the movement that preceded LGBTQ rights in the United States explained why she, a transgender woman, championed a cause that often excluded her. “I’ve been walking for gay rights all these years,” Johnson said, referencing early…
President Donald Trump announced that the United States is terminating all trade discussions with Canada in response to a new Canadian tax targeting American technology firms. “We have just been informed that Canada, a very difficult Country to TRADE with… has just announced that they are putting a Digital Services Tax on our American Technology…
Edward Coristine, the Department of Government Efficiency (DOGE) staffer known as “Big Balls,” has taken up a new post at the Social Security Administration (SSA) after resigning from his previous post earlier this week. Coristine’s moves within the federal government have been carefully monitored and reported on by WIRED, which first broke the story of…
Despite concerns earlier this year that President Trump’s tariffs would cause a renewed bout of inflation, the prices of goods and services across the U.S. have remained relatively stable. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 2.3% in May, modestly above the central bank’s 2% annual target. The May…
CBS News Live CBS News 24/7 Live President Trump says he’s “terminating all discussions on trade with Canada, effective immediately,” after Canada announced a digital services tax on large foreign and domestic technology companies. Posting on Truth Social Friday afternoon, the president said the U.S. will let Canada know what their tariff rate will be…
China hiked its imports of crude oil from Iran in June, as Iran accelerated loadings in May and independent Chinese refiners bought more discounted Iranian barrels. Amid overall high imports in recent weeks, thanks to the lower oil prices in April and May when cargoes were bought, China significantly boosted its imports of crude from…
The heads of two key American intelligence agencies issued statements Wednesday on what they said was “new” intelligence on the damage resulting from the recent U.S. strikes on Iran’s nuclear facilities, each noting the Iranian program was likely to have been set back by “years.” The statements were released after President Trump decried a leaked,…