Politic related news.
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is potentially a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping American government bonds. Normally, investors rush into Treasurys at a whiff of economic chaos, but now they are selling [...]
WASHINGTON (AP) — The federal government’s budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury Department data released last week. The deficit for October through March spans the administrations of presidents Joe Biden and Donald [...]
SAN FRANCISCO (AP) — President Donald Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time. Economists, however, say that’s an unlikely scenario even with U.S. tariffs now at 145 percent on products made in China, the country in [...]
WASHINGTON (AP) — The House passed legislation last week mostly along party lines that limits the authority of federal district judges to issue nationwide orders, as Republicans react to several court rulings against the Trump administration. The pace of nationwide injunctions has increased during Donald Trump’s presidency. Republicans argue that the increase is the result [...]
WASHINGTON (AP) — House Republicans last week approved their budget framework, a political turnaround after Speaker Mike Johnson worked into the night to satisfy GOP holdouts who had refused to advance trillions of dollars in tax breaks without deeper spending cuts. Johnson stood with Senate Majority Leader John Thune early in the morning on Thursday [...]
WASHINGTON (AP) — The U.S. Postal Service is seeking a rate increase this summer that includes hiking the cost of a first-class stamp from 73 cents to 78 cents. The request was made to the Postal Regulatory Commission, which must approve the proposal. If approved, the 5-cent increase for a “forever” stamp and similar increases [...]
WASHINGTON (AP) — Weeks after ordering Food and Drug Administration employees back into the office, the agency is reversing course, allowing some of its staffers to work remotely amid worries that recent layoffs and resignations could jeopardize basic functions, such as approving new medicines. An internal email obtained by The Associated Press states that FDA [...]
WASHINGTON (AP) — President Donald Trump earlier this week signed a series of executive orders aimed at boosting the nation’s coal industry. Under the four orders, Trump uses his emergency authority to allow some older coal-fired power plants set for retirement to keep producing electricity to meet the nation’s rising power demand amid growth in [...]
NEW YORK (AP) — The Trump administrated has canceled millions of dollars in international grants that a Department of Labor division administered to combat child labor and slave labor around the world. The Bureau of International Labor Affairs helped reduce the number of child laborers worldwide by 78 million over the last two decades, including [...]
A pair of northeast Ohio lawmakers wants to double the dollar amount of the tax incentives available for theater and film producers who elect to either stage their productions or make their movies and TV shows in the Buckeye State. Sens. Tom Patton, R-Strongsville, and Jane Timken, R-Jackson Township, cite the more than 300 percent [...]