Apr 04 Senate Republicans pass Trump's budget bill with tax and spending cuts By Kevin Freking, Lisa Mascaro, Leah Askarinam, Associated Press Senate Republicans plugged away overnight and into early Saturday morning to approve their multitrillion-dollar tax breaks and spending cuts framework, hurtling past Democratic opposition toward what President Donald Trump calls the “big, beautiful bill” that's central to his agenda. Continue reading
Apr 04 WATCH: Fed Chair Powell warns Trump tariffs likely to raise inflation and slow economic growth By Christopher Rugaber, Associated Press Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.”… Continue reading
Apr 04 S&P drops 6 percent, closing worst week since COVID after China matches Trump tariffs By Stan Choe, Associated Press The Dow Jones Industrial Average plunged 2,231 points, or 5.5 percent Friday, and the Nasdaq composite tumbled 5.8 percent to pull more than 20 percent below its record set in December. Continue reading
Apr 04 China hits back with 34 percent tariff on U.S. imports as world weighs how to deal with Trump's hikes By Elaine Kurtenbach, Associated Press As world markets wallowed in heavy losses Friday, Taiwan's president promised to provide support to industries most vulnerable to the 32% tariffs Trump ordered in his "Liberation Day" reciprocal tariffs announcement. Continue reading
Apr 03 Officials in 19 states sue to block Trump's election order, saying it's unconstitutional By Lindsay Whitehurst, Christina A. Cassidy, Associated Press Democratic officials in 19 states filed a lawsuit Thursday against President Donald Trump's attempt to reshape elections across the U.S., calling it an unconstitutional invasion of states' clear authority to run their own elections. Continue reading
Apr 03 Senators introduce bipartisan bill to expand congressional authority over tariffs By Associated Press Legislation pushed by Iowa Republican Sen. Chuck Grassley and Washington Democratic Sen. Maria Cantwell would require presidents to justify new tariffs and secure congressional approval within 60 days, otherwise they would expire. Continue reading
Apr 03 Watch 7:02 Trump administration resumes family detention in immigration crackdown By John Yang, Shrai Popat, Taylor Bowie One of the most contentious immigration policies in recent decades has been the detention of undocumented immigrant families. The Trump administration plans to detain thousands more in an effort to crack down on border crossings and legal pathways to asylum. Continue watching
Apr 03 WATCH: Trump says market plunge 'expected' a day after announcing broad tariffs By Darlene Superville, Associated Press President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it's going very well."… Continue reading
Apr 03 Federal judge plans to temporarily block billions in health funding cuts to states By Devna Bose, Associated Press A federal judge said Thursday that she will temporarily block President Donald Trump’s administration from cutting billions in federal dollars that support COVID-19 initiatives and public health projects throughout the country. Continue reading
Apr 03 How the White House calculated Trump's sweeping new tariffs By Will Weissert, Associated Press President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what others assess as trade penalties on American goods. What he’s actually imposing is based on far more complicated math. Continue reading