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."...
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...
The Senate parliamentarian has ruled that lawmakers cannot use the Congressional Review Act (CRA) to overturn California’s electric vehicle mandate — but Republicans may defy the arbiter of the Senate’s rules. The parliamentarian’s ruling was first made public by statements from Senate Democrats Friday. “We’re gratified that the Senate parliamentarian followed decades of precedent showing...
The Centers for Medicare and Medicaid Services (CMS) announced Friday it will not be finalizing a rule proposed by the Biden administration that would have allowed Medicare and Medicaid beneficiaries access to anti-obesity drugs such as the highly in-demand GLP-1 medications. In November last year, the Biden administration proposed a new rule that would allow...
GOP Sen. John Kennedy slammed projections from economists, parroted by Democrats, suggesting Trump's tariffs will cost American families an extra $5,000 per year.
A Democratic prosecutor dropped a felony charge against an illegal immigrant charged with strangulation and kidnapping and cut a misdemeanor plea deal.