May 13, 2025
Trump gets wish list in House GOP tax bill, with some exceptions
President Donald Trump won more than he lost in the House GOP’s newly unveiled tax legislation, though some of his priorities were slimmed down and his bid to raise taxes on some financial heavyweights wasn’t included. The bill — which the House tax-writing committee will take up Tuesday — not only delivers on his promise […]
May 13, 2025
GOP leaders snubbed the hard right on Medicaid. They’re vowing to fight back.
House Republican leaders appear to have won support from key moderates by backing off the most controversial proposals to overhaul Medicaid — but it has created new risks for the GOP’s domestic policy megabill. Fierce pressure is now building from hospitals and clinics to the Medicaid cuts that have survived while conservative hard-liners are threatening […]
May 13, 2025
Ron Johnson says he’s a no on House-drafted megabill
Sen. Ron Johnson said on Monday that he doesn’t support the House-drafted GOP megabill — the latest reminder of the headaches awaiting the legislation across the Capitol. “What we’re doing is, we’re looking at all the programs going, ‘We can’t touch that, touch that, can’t touch that,’” Johnson said of the House’s effort. Johnson has […]
May 12, 2025
Trump official targeted in Biden-era ‘disinformation’ dossier still under wraps days after Rubio revelation
The identity of a Trump administration official who was allegedly targeted by the Biden administration’s State Department in a ‘disinformation’ dossier remains a mystery nearly two weeks after Secretary of State Marco Rubio revealed details on the file. Rubio revealed at the most recent Trump administration Cabinet meeting April 30 that an unidentified Trump administration […]
May 12, 2025
No millionaire tax hike in Trump’s ‘big, beautiful bill’
House Republicans have seemingly dropped plans for a new millionaire’s tax hike to pay for other priorities in President Donald Trump’s ‘big, beautiful bill.’ The Ways & Means Committee, the House’s tax-writing panel, released nearly 400 pages of legislation on Monday, setting the stage for permanently extending Trump’s 2017 Tax Cuts and Jobs Act (TCJA), […]
May 12, 2025
Crockett and Mfume both plow ahead with House Oversight bids
Rep. Jasmine Crockett is telling fellow House Democrats she plans to run for her party’s Oversight Committee slot, plowing ahead with a bid after wavering last week, according to a text to lawmakers obtained by POLITICO. “I believe in deference & frankly, the institution, but I recognize that the walls of this institution are collapsing […]
May 12, 2025
Hill leaders question Trump’s attempted Library of Congress takeover
Top congressional leaders are pushing back against President Donald Trump’s attempt to replace two Library of Congress leaders, with the dispute over presidential powers over the institution leaving its future in question Monday. Senate Majority Leader John Thune said in a brief interview that congressional leaders “want to make sure we’re following precedent and procedure” […]
May 12, 2025
Senior House Republican eviscerates Dems for ‘fear campaign’ against Trump’s ‘big, beautiful bill’
The chairman of the House Energy and Commerce Committee is accusing Democrats of lying about President Donald Trump’s ‘big, beautiful bill.’ Chairman Brett Guthrie, R-Ky., told Fox News Digital on Monday he believed Democrats had been waging a ‘fear campaign to scare Americans’ ever since Republicans began discussions about the budget reconciliation process. ‘Now, Democrats […]
May 12, 2025
Hang Seng, Nifty lead Asian markets higher on Monday
Asian equities advanced on Monday as investors welcomed signs of easing tensions between the US and China following trade talks over the weekend. A meeting in Geneva between officials from both countries led to commitments to continue negotiations. China and Hong Kong stocks lead regional gains China’s Shanghai Composite Index rose 0.82% to 3,369.24 after […]
May 12, 2025
US, China strike trade deal: key tariffs reduced, but some remain
Following discussions in Geneva, China and the US have agreed to a trade war truce, effective Wednesday, which will reverse most tariffs and other retaliatory measures. The US will reduce recently imposed tariffs on China from 145% to 30%, while China will decrease its tariffs on America from 125% to 10%, according to a Reuters […]
May 12, 2025
US stock futures rally as US and China agree to a rollback in tariffs
Wall Street stock futures surged on Monday, the dollar strengthened, and gold prices dropped sharply as the United States and China struck a surprise deal to temporarily reduce punitive tariffs and resume trade negotiations, lifting investor sentiment worldwide. Following high-level talks in Geneva over the weekend, the two sides announced a 90-day ceasefire on further […]
May 12, 2025
Amazon, Tesla drive Magnificent Seven surge on US-China trade deal
News of a temporary truce between the United States and China over punitive trade tariffs sparked a broad-based rally in US pre-market trading led by megacap technology stocks. The group known as the “Magnificent Seven”—Amazon, Apple, Meta, Microsoft, Alphabet, Nvidia, and Tesla—rose sharply in premarket trading, with Amazon and Tesla recording the largest gains. Amazon.com […]