Presented by National Council on Aging {beacon} Trump pressures Powell; Dow drops 2k points President Trump and Federal Reserve Chair Jerome Powell shared vastly different views Friday on the economic impact of Trump's sweeping tariff hikes that have sent stocks into a tailspin and sparked global economic concern. Powell warned of "higher inflation and...
Democratic strategist James Carville on Friday compared law firms that signed a deal with President Trump to Nazi regime “collaborators” in Europe. Several firms tied to past investigations of the president have agreed to forgo diversity, equity and inclusion hiring practices in line with Trump’s executive order and donate millions to causes of his choice through legal aid. “Maybe you need to...
Hundreds of law firms and former judges have signed onto friend-of-the-court briefs in support of Perkins Coie as the law firm challenges President Trump’s executive order targeting it. More than 500 law firms and 300 retired judges asked for leave to file two amicus briefs condemning Trump’s order stripping security clearances from and severing...
A divided Supreme Court sided with the Trump administration by allowing officials to block $65 million in teacher development grants frozen over concerns they were promoting diversity, equity and inclusion (DEI) practices. The 5-4 emergency ruling, for now, lifts a lower order that forced the Education Department to resume the grants in eight Democratic-led states...
The stock market cratered Friday as concerns about the economic impact of President Trump’s new tariffs shook Wall Street for yet another day. The Dow Jones Industrial Average closed with a loss of 2,231 points Friday, plunging 5.5 percent on the day. The S&P 500 index plummeted by 6 percent, and the Nasdaq composite sank...
Meta, the parent company of Facebook and Instagram, will officially end its fact-checking program Monday, a top company official said. “By Monday afternoon, our fact-checking program in the US will be officially over,” Joel Kaplan, Meta’s chief global affairs officer, said in a post on social platform X. “That means no new fact checks and...
Rep. Don Bacon (R-Neb.) criticized President Trump’s ouster of the director of the National Security Agency (NSA), arguing that Gen. Timothy Haugh’s firing will hinder the country’s Cyber and Signals Intelligence (SIGINT) operations. “General Tim Haugh is an outstanding leader and was doing a superb job at Cyber Command and National Security Agency," Bacon said...
A federal judge blocked President Trump’s takeover of a federal agency that invests in Latin America and the Caribbean, finding Friday that he likely went beyond his authority. U.S. District Judge Loren AliKhan ordered the administration indefinitely reinstate Sara Aviel, the ousted president of the Inter-American Foundation (IAF), and stop various other efforts to gut the foundation as her...