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The U.S. Balance-of-Payments Deficit Is Essentially Zero

It is not ‘large and serious,’ as the tariff power under Section 122 of the 1974 Trade Act requires.

Another alleged narco-trafficking boat destroyed in Pacific as U.S. military strike kills 3

The U.S. military carried out another strike against an alleged drug-trafficking boat in the Pacific Ocean on Friday, killing three people.

Newsom’s latest pardon shields attempted murder convict from ICE deportation

California Gov. Gavin Newsom issued a pardon Friday to Somboon Phaymany, erasing his 1997 conviction on 10 counts of premeditated attempted murder and effectively shielding him from being deported by U.S. Immigration and Customs Enforcement.

She was an orphan adopted from Iran by a U.S. veteran. The Trump administration wants to deport her

A woman adopted as a toddler by an American war veteran, who he found in the 1970s in an Iranian orphanage and raised as a Christian, is being threatened with deportation to Iran, a country notoriously dangerous for Christians and now on the brink of war with the United States.

Global leaders and businesses pore over fallout of more U.S. tariff swoons

Governments and companies around the world scrambled Saturday to determine the impact of the U.S. Supreme Court ruling that struck down some of the Trump administration sweeping global tariffs.

Banks, crypto battle over Senate measure

{beacon} Technology Technology   The Big Story Banks, crypto clash over stablecoin rewards A fight over whether stablecoin holders can receive reward payments has taken center stage in a push to secure bipartisan support for a key cryptocurrency market bill and advance the legislation out of the Senate Banking Committee. © Greg Nash Despite initially...

Murphy says he believes in ‘correlation between’ Trump’s falling approval and ‘authoritarian behavior’

Sen. Chris Murphy (D-Conn.) said Wednesday he believes in a “correlation between” President Trump’s falling approval rating and “his increasing authoritarian behavior.” “I do think there's a correlation between the two things that you're opening this hour talking about: his declining approval, the unpopularity of his policies and his increasing authoritarian behavior,” Murphy told MS...

2 Republicans flip, defeating war powers resolution after intense Trump pressure

Senate Republicans on Wednesday defeated a war powers resolution to block President Trump from using military force “within or against” Venezuela after two Republicans who voted last week to advance the measure reversed their votes and joined their leaders in quashing it. Sens. Josh Hawley (R-Mo.) and Todd Young (R-Ind.) voted on Wednesday to support...

Minneapolis mayor: ‘I don’t support abolishing ICE’

Minneapolis Mayor Jacob Frey (D) on Wednesday said he does not support abolishing Immigration and Customs Enforcement (ICE), while criticizing how the agency is operated under the Trump administration. Frey was asked about his position during an appearance on "Fox & Friends" with co-host Griff Jenkins on Fox News. Tensions have risen in Minneapolis after...

Virginia Democrats advance redistricting effort

Virginia House Democrats passed their redistricting constitutional amendment for a second time on Wednesday, teeing it up for a vote in the state Senate as the party looks to quickly redraw the Old Dominion’s House map before the November midterms.  In a 62-33 vote, Democrats in the lower chamber passed a constitutional amendment giving the state...

Watch live: Trump makes announcement on Gaza

President Trump will speak on Wednesday evening on Gaza — hours after special envoy Steve Witkoff said the second phase of the Gaza peace plan has begun, which requires the disarmament of Hamas to make way for an interim governing body overseen by Trump.  Since Trump announced the first phase of the ceasefire in October, Hamas...

House passes two-bill package to fund Treasury, State departments

House lawmakers in both parties joined forces on Wednesday to pass a two-bill spending package to fund large parts of the federal government, marking the latest victory for bipartisan leaders racing to prevent a shutdown at month’s end. The lopsided, 341-79 vote reflected the delicate bipartisan talks that produced the package, brought party leaders on...

Rubio announces aid for Cuba: Trump ‘stands with the Cuban people’

Secretary of State Marco Rubio said on Wednesday that the U.S. was sending the “first humanitarian shipment” to Cuba to help residents recovering from Hurricane Melissa. “We are working with the Catholic Church and partners to ensure aid reaches the Cuban people directly – not the illegitimate regime,” Rubio wrote on the social platform X....

Banks, crypto clash over stablecoin rewards in key Senate bill

A fight over whether stablecoin holders can receive reward payments has taken center stage in a push to secure bipartisan support for a key cryptocurrency market bill and advance the legislation out of the Senate Banking Committee. Despite initially being addressed in the GENIUS Act, a stablecoin President Trump bill signed into law in July,...

Powell ‘first-ballot hall of fame Fed chair:’ Goolsbee

Chicago Federal Reserve Bank President Austan Goolsbee praised Federal Reserve Chair Jerome Powell amid the investigation into his handling of the central bank’s renovation. “I consider Chair Powell to be a first-ballot hall of fame Fed chair,” Goolsbee told NPR in an interview published Wednesday. “And if we're going to get into a circumstance where...

GOP-led Jan. 6 panel debuts as hub for debates and Trump defense

Five years later, debates over conspiracy theories about the Jan. 6 attack on the Capitol — and attempts to shift blame away from former President Trump — are more than alive and well in Congress: They’re being institutionalized in a Republican-run House panel. The Select Subcommittee to Investigate the Remaining Questions Surrounding January 6 held...

Trump admin reportedly slashes billions in grants for mental health, addiction

The Trump administration reportedly sent out notices late on Tuesday announcing they were cutting hundreds of grants funding mental health and addiction services. NPR reported Wednesday that several programs were informed late on Tuesday that their federal funding through the U.S. Substance Abuse and Mental Health Services Administration (SAMSHA) had been cut after officials determined...

Tesla’s self-driving feature switching to subscription only

For Musk to earn additional shares under his pay package, the company needs a certain number of subscriptions.

7 in 10 say US should not take military action over deadly Iran protest crackdown: Survey

An overwhelming majority of Americans say they do not back U.S. military intervention in Iran amid its crackdown on antigovernment protesters, according to new polling from Quinnipiac University released Wednesday. The poll found that 7 in 10 respondents believe the U.S. should not become involved in Iran, while 18 percent said they favor intervention. Twelve...

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