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- Wall Street has its worst day since the war with Iran started and crude oil prices rise
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Author: rpnadmin
While President Trump’s budget proposal seeks significant cuts in spending on homelessness programs, its larger impact would come from changes in how the money is spent.With homelessness at record levels, the plan would increase money for emergency shelters but end aid for permanent supportive housing, the focus of a decades-long movement to serve society’s most vulnerable.More than 300,000 people live in such housing, all chronically homeless and disabled. Many are veterans. Critics warn that the change would not only forestall the expansion of the permanent housing stock but force evictions of those it currently helps, who rely on the deep…
Temu, the Chinese e-commerce platform, has stopped shipping products from China into the United States, a spokesperson for the company said on Friday. Instead, all of its U.S. orders will be shipped from local warehouses in America.The change comes after the Trump administration closed a loophole that allowed products made in China and worth no more than $800 to enter the United States without import fees. The exemption, which President Trump has called a “big scam” that hurt American small businesses, ended Friday.Temu said last month that it would adjust its prices after Mr. Trump announced his intention to close…
Gregg Popovich, the winningest coach in the NBA, is stepping down as head coach of the San Antonio Spurs after nearly three decades, the team announced on Friday.”While my love and passion for this game remain, I’ve decided it’s time to step away as head coach,” Popovich said. “I’m forever grateful to the wonderful players, coaches, staff and fans who allowed me to serve them as the Spurs head coach and am excited for the opportunity to continue to support the organization, community and city that are so meaningful to me.”Popovich will remain as team president. Mitch Johnson was promoted to…
People gather to take photos with the John Harvard statue at Harvard University. President Trump made another threat to Harvard’s tax-exempt status in a social media post on Friday. Sophie Park/Getty Images hide caption toggle caption Sophie Park/Getty Images On Friday, President Trump again threatened to revoke Harvard University’s tax-exempt status. “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Trump wrote in a Truth Social post. His comments marked the latest volley in a battle between the Trump administration and the wealthiest college in the world. Trump first suggested revoking the school’s nonprofit…
Elon Musk and SpaceX are big winners in Donald J. Trump’s 2026 spending plan.President Trump is delivering on Mr. Musk’s wish list at both NASA and the Pentagon to reorient federal spending on space in a way likely to drive billions of dollars in new business to Mr. Musk’s space technology company, if Congress signs off on the budget plan.At the Pentagon, Mr. Trump is calling for a massive jump in spending, an extraordinary 13 percent increase, almost entirely through allocations in a Congressional budget reconciliation plan under consideration.The jump would happen while many other federal agencies would be slashed,…
The Army is planning for a potential military parade on President Trump’s birthday in June that would include “thousands” of troops, as well and Bradley and Stryker fighting vehicles, a defense official confirmed.According to planning documents obtained by the AP, the parade calls for over 6,600 soldiers, at least 150 vehicles, 50 helicopters, tanks, seven bands and possibly a couple thousand civilians. The documents, dated April 29 and 30, have not been publicly released. They represent the Army’s most recent blueprint for its long-planned 250th anniversary festival on the National Mall and the newly added element — a large military…
We should welcome the humiliation of Trump’s hawkish, neocon national security adviser. Ad Policy Yesterday’s man: Former national security adviser Michael Waltz in the Cabinet Room of the White House in March.Shawn Thew / EPA / Bloomberg via Getty Images On Thursday, national security adviser Michael Waltz was ousted from his post in the most unceremonious way possible. Waltz had been long rumored to be on thin ice with President Donald Trump even before the adviser became the center of a security scandal that erupted on March 24, when Atlantic editor Jeffrey Goldberg revealed that he had been mistakenly added…
As trade tensions flared between the world’s largest economies, communication between the United States and China has been so shaky that the two superpowers cannot even agree on whether they are talking at all.At a White House economic briefing this week, Treasury Secretary Scott Bessent demurred multiple times when pressed about President Trump’s recent claim that President Xi Jinping of China had called him. Although top economic officials might usually be aware of such high-level talks, Mr. Bessent insisted that he was not logging the president’s calls.“I have a lot of jobs around the White House; running the switchboard isn’t…
Cheaper goods from China are set to become a lot more expensive for U.S. consumers with the May 2 expiration of a loophole that allowed lower cost packages to enter the country duty-free.Ultra-low cost retailers like Shein and Temu are among the major players that until Friday relied on a tax loophole that allowed them to ship low-value parcels to the U.S. tax-free, allowing them to undercut U.S.-based sellers. American shoppers relied on the de minimis loophole, too, for bargain-basement prices that couldn’t be matched for goods made in the U.S.With the end of the loophole, which exempted packages worth…
A federal appeals court in Washington ruled on Thursday night that, for now, the Trump administration could continue to withhold money from Radio Free Europe/Radio Liberty, Radio Free Asia and Middle East Broadcasting Networks, federally funded organizations that provide news coverage to countries with limited press freedoms.In doing so, the United States Court of Appeals for the District of Columbia Circuit temporarily reversed parts of two lower-court rulings from last month that stopped the administration from cutting off funds to the news outlets.The appeals court kept in effect parts of one lower court ruling, which required that Trump officials bring…