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Aggregating and archiving news from both sides of the aisle.

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Congress has power over tariffs, but stopping Trump isn't likely as of now

Preview: Stock market indices have sharply fallen on the heels of President Trump imposing higher tariffs on more than 180 countries.

Tariff rates Trump ascribes to other countries are vastly higher than World Trade data shows

Preview: A report said the trade-weighted average tariff rates in most countries are much lower than the figures used by the Trump administration.

Cramer's week ahead: Banks kick off critical earnings season

Preview: After President Donald Trump's tariffs crushed stocks, CNBC's Jim Cramer said next week's earnings will provide a look at how CEOs are dealing with the fallout.

Tech megacaps lose $1.8 trillion in 2 days as Trump tariffs lead Nasdaq to worst weekly drop in 5 years

Preview: Technology stocks fell for a second day Friday as retaliatory tariffs from China fueled fears of a global trade war.

Trump drops Biden's proposal for Medicare to cover obesity drugs like Wegovy and Zepbound

Preview: The Biden administration proposal would have significantly expanded access to obesity to millions of Americans but would have cost the government billions.

Microsoft AI chief Suleyman sees advantage in building models ‘3 or 6 months behind’

Preview: Training the top models in the world is very expensive and can duplicate previous work, said Mustafa Suleyman, CEO of artificial intelligence at Microsoft.

20 items and goods most exposed to price shocks from Trump tariffs

Preview: President Donald Trump's tariffs will raise the prices on some goods more dramatically than others. See which items will suffer the biggest jumps.

Buffett denies social media rumors after Trump shares wild claim that investor backs president crashing market

Preview: Warren Buffett went on the record to deny social media posts shared by Trump that included a false endorsement from the "Oracle of Omaha."

SEC clarifies that most stablecoins are not securities

Preview: The Securities and Exchange Commission issued guidance on Friday, clarifying that it does not view stablecoins in the most traditional sense as securities.

Judge jails Trump clemency recipient Jonathan Braun after child assault arrest

Preview: Jonathan Braun's family used connections it had to the family of Trump's son-in-law, Jared Kushner, to set in motion the clemency from the president.

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Democrats peel away some Republicans on Trump budget bill amendment votes

Preview: Several Republicans have broken with their party and voted for Democratic amendments are part of a marathon series of votes Friday night. None of the Democratic amendments have passed, but Democrats went into the vote series, known as a vote-a-rama, with the goal of putting GOP lawmakers in a bind on tough issues. The amendment...

Majority of Americans uneasy over Trump's economic plan: WSJ poll

Preview: Over half of Americans, 52 percent, disapprove of President Trump’s handling of the economy, marking a 12 percent uptick from his approval in October 2024. In a survey a published by the Wall Street Journal on Friday, just a quarter of people said they approve of Trump's handling of the economy during his first 100...

IRS nixing 25 percent of staff, starting with civil rights office: Reports

Preview: The Internal Revenue Services (IRS) terminated staff members in the Office of Civil Rights and Compliance on Friday ahead of a larger slated reduction in force according to multiple reports. IRS officials announced they would be eliminating the office dedicated to preventing discrimination in an email to staff after firing roughly 130 of its employees,...

Republicans pass budget bill amendment aimed at protecting Medicaid, Medicare

Preview: Senate Republicans on Friday backed an amendment to their budget resolution aimed at protecting Medicare and Medicaid. The amendment, which passed 51-48 and was proposed by Sen. Dan Sullivan (R-Alaska.), was the first brought forward as part of the vote-a-rama ahead of a final vote on the bill that will serve as a blueprint for...

Energy considers 40 percent of its staff nonessential

Preview: {beacon} {beacon} Energy & Environment Energy & Environment   The Big Story Energy considers 40 percent of its staff nonessential The Energy Department (DOE) considers more than 40 percent of its staffers to be nonessential — meaning these people could be on the chopping block — as mass layoffs loom at the agency and across the federal...

Senate vote-a-rama on Trump budget bill kicks off

Preview: The Senate on Friday night kicked off its vote-a-rama, a process that is likely to conclude with Republicans adopting the budget resolution that will serve as a blueprint for enacting President Trump's domestic agenda. The lengthy string of amendment votes is set to run past midnight and into the wee hours of Saturday morning. Democrats are...

Justice Department seeks 7 year sentence for George Santos

Preview: The Department of Justice (DOJ) is seeking a 7 year sentence for former Rep. George Santos (R-N.Y.) according to a Friday filing. Prosecutors said the length of the requested sentence — 87 months — reflects the serious nature of Santos’s “unparalleled” crimes. “Santos planned and executed an assortment of fraudulent schemes and leveraged them and...

JP Morgan predicts 2025 recession as Trump tariffs rattle market

Preview: J.P. Morgan is forecasting that the U.S. economy will enter a recession this year as fallout from President Trump's tariffs has taken hold. In a Friday evening note to investors, the company's chief U.S. economist Michael Feroli said the firm predicts that gross domestic product (GDP) will likely contract "under the weight of the tariffs."...

Chemical industry asks for blanket exemptions to Biden-era regulations

Preview: Two leading chemical industry groups have asked the Trump administration for blanket exemptions to certain Biden-era regulations for all polluters. The American Chemistry Council and the American Fuel & Petrochemical Manufacturers requested that the Environmental Protection Agency (EPA) exempt all polluters from Biden-era rules that limit their emissions of toxic chemicals. Just because the trade and...

Trump drops Medicare obesity drug proposal

Preview: Click in for more news from The Hill {beacon} Health Care Health Care   The Big Story Trump officials reject Medicare coverage of anti-obesity drugs The Trump administration says it will not move forward with a Biden proposal that Medicare cover anti-obesity drugs such as Novo Nordisk’s Wegovy and Zepbound from Eli Lilly. ©...

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Race for the White House

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Trump's indictments

Preview: All four cases explained

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'Couldn't believe it': Floridians emerge from Idalia's destruction with hopes to recover

Preview: After Hurricane Idalia made landfall on Wednesday, Florida communities are emerging to see its destruction with hopes and plans to recover.

Idalia downgraded to tropical storm after hitting Georgia, Carolinas, Florida: Updates

Preview: Downgraded to a tropical storm, what had been Hurricane Idalia powered across Georgia and the Carolinas on Wednesday evening.

Mitch McConnell to consult doctor after freezing, struggling to speak for second time this summer

Preview: The 81-year-old Republican Senate minority leader struggled to answer reporters' questions in Kentucky, requiring help and drawing questions about his health

LOOK: World record 92,003 fans watch Nebraska volleyball match at Memorial Stadium

Preview: Nebraska volleyball set a women's sports attendance record Wednesday night as 92,003 fans descended on Memorial Stadium to watch the match vs. Omaha.

At least 73 people dead after fire engulfs building occupied by the homeless in Johannesburg

Preview: At least 73 people died when a fire ripped through a multi-story building in Johannesburg overtaken by homeless people, authorities said Thursday.

Where did Idalia make landfall? Maps show damage, aftermath of storm's destructive path

Preview: As the storm moves away from the shore, it can cause an additional life-threatening hazard: inland flooding. Georgia and the Carolinas are at risk.

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Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Preview: Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Preview: The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Preview: Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Preview: Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Energy & Utilities Roundup: Market Talk

Preview: Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.

Basic Materials Roundup: Market Talk

Preview: Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.

Auto & Transport Roundup: Market Talk

Preview: Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.

Financial Services Roundup: Market Talk

Preview: Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.

Novo Nordisk Shares Surge on New Obesity Drug Results

Preview: Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

Preview: The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.