May 12 Watch 5:18 Inflation could hit 4% next month and stay elevated for rest of year, economist warns By Geoff Bennett, Jackson Hudgins The latest inflation report shows price increases for American consumers in April hit a three-year high, driven by a spike in the cost of gasoline. The Consumer Price Index, which includes energy and food costs, rose 3.8% year-over-year, according to… Continue watching
May 12 Watch 5:32 What's at stake as Trump heads to China for talks with Xi By Nick Schifrin, Dan Sagalyn, Katie Marlow President Trump is traveling halfway around the world for a state visit to China, and he's bringing a host of top American executives with him. Talks there are expected to encompass the complex economic and security postures of both nations. Continue watching
May 12 WATCH: 'I don't think about Americans' financial situation' when negotiating with Iran, Trump says By Maria Ramirez Uribe A reporter asked Trump on Tuesday to what extent Americans' financial straits are motivating him to make a deal. Continue reading
May 12 Appeals court says Trump doesn't have to pay $83 million to E. Jean Carroll — for now By Michael R. Sisak, Larry Neumeister, Associated Press The 2nd U.S. Circuit Court of Appeals has agreed to let Trump delay the payment to E. Jean Carroll as long as he posts a $7.4 million bond to cover interest that would accrue through October. Continue reading
May 12 Kuwait says Iran attacked an island where China is helping to build a port By Jon Gambrell, Melanie Lidman, Associated Press Iran didn't immediately acknowledge the allegation by Kuwait, which came under attack by Iran in the war and during the shaky ceasefire still holding. But that allegation and ongoing attacks throughout the region have threatened to reignite open warfare. Continue reading
May 12 Trump's 'Golden Dome' estimated to cost $1.2 trillion, far more than initially said By Fatima Hussein, Associated Press President Donald Trump's plan to put weapons in space, called the “Golden Dome for America” missile defense program, is estimated to cost much more than he originally said. Continue reading
May 12 Trump and Xi appear intent on keeping Iran war from overshadowing China summit By Aamer Madhani, Associated Press The White House has set low expectations that Trump will be able to persuade Xi to change China's posture on Iran. Continue reading
May 12 Marty Makary resigns as Trump's FDA chief By Matthew Perrone, Seung Min Kim, Associated Press At the FDA, Makary failed to win the staff's confidence after mass layoffs, leadership changes and a series of controversies in which the agency’s scientific principles appeared to be overridden by political interests. Continue reading
May 12 Iran war hits home as gasoline prices fuel significant U.S. inflation jump By Paul Wiseman, Associated Press The Labor Department's consumer price index rose 3.8% from April 2025 and up from a 3.3% year-over-year gain in March. Continue reading
May 12 Trump has a proposal to expand fertility benefits. Here's how that would work By Maria Ramirez-Uribe President Donald Trump announced a new proposed rule Monday that would allow employers to provide standalone health insurance coverage for fertility benefits. Continue reading