Why millions of Americans could see their health insurance rates rise – CBS News Watch CBS News Millions of Americans who take advantage of the Affordable Care Act could see their health insurance costs skyrocket next year due to multiple factors, including the expiration of COVID-era subsidies. The national health information nonprofit KFF found that…
WASHINGTON (AP) — President Donald Trump’s foreign aid cuts, tariffs on allies and restrictions on international students have “deeply” undermined America’s ability to compete with China, Senate Democrats say. In a report released Monday, Democrats on the Senate Foreign Relations Committee called for congressional action toward restoring the country’s global reputation and influence to ensure…
Trump ally starts super PAC to fight Elon Musk – CBS News Watch CBS News An ally of President Trump has launched a super PAC to combat Elon Musk after the billionaire threatened to create a third party over frustration with the Republican budget bill. Sophia Cai, White House reporter for Politico, and Robert Costa,…
The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure. The excise tax would have been imposed on wind and solar energy projects constructed…
The latest version of the bill containing President Trump’s second term agenda would hobble the renewable energy industry with a new excise tax, in addition to speeding up the sunsetting of tax credits and other benefits. The additional tax on wind and solar projects, which appeared on page 558 in the version of the bill…
Billionaire Elon Musk on Saturday doubled down on his distaste for President Trump’s sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries. “The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to…
Washington — Senate Republicans released the latest version of President Trump’s massive spending and tax bill late Friday as the GOP eyes an ambitious July 4 deadline to approve the centerpiece legislation of the president’s second-term agenda. After the House narrowly approved the legislation that addresses the president’s tax, defense, border and energy priorities last month,…
Washington — The Senate plans to hold a key test vote on President Trump’s “big, beautiful bill” later Saturday, even as it’s unclear whether the tax and spending measure has enough support to lift it over the hurdle. Senate Majority Leader John Thune, a South Dakota Republican, said Friday he wasn’t certain he had the…
HONG KONG (AP) — Hong Kong’s top American diplomat said on Thursday that the policies of the Chinese and Hong Kong governments have curtailed freedoms, pointing to the cases of jailed prominent activist Jimmy Lai and what he called “transnational regression.” At a reception for the U.S. Independence Day, U.S. Consul General Gregory May, who…
Last September, the U.S. Postal Service debuted its long-awaited — and much litigated — electric vehicle mail delivery truck. Since then, more than 7,200 new zero-emissions vehicles have been distributed to the Postal Service. But a provision tucked inside the Senate Republican bill to enact President Trump’s second-term agenda would force the USPS to sell…