1 week ago Tesla hit with a pair of downgrades amid fallout from Trump feud

(Bloomberg) — Tesla Inc. was hit with a pair of downgrades on Monday, underscoring mounting concerns on Wall Street about the electric-vehicle maker’s outlook following last week’s clash between Chief Executive Elon Musk and President Donald Trump. Both Argus Research and Baird cut the stock to the equivalent of hold ratings, cementing Tesla’s reputation as […]

Other

1 week ago Republican senators to watch in the maneuvering over Trump’s big bill

WASHINGTON (AP) — The Senate has set an ambitious timeline for passing President Donald Trump’s sweeping legislation to cut taxes and spending. But getting it on the Republican president’s desk by July 4 will require some big decisions, and soon. Republican senators are airing concerns about different parts of the legislation, including cuts to Medicaid, […]

Other

2 w. ago Elon Musk pulls back on threat to withdraw Dragon spacecraft

As President Donald Trump and Elon Musk argued on social media on Thursday, the world’s richest man threatened to decommission a space capsule used to take astronauts and supplies to the International Space Station. A few hours later, Musk said he wouldn’t follow through on the threat. After Trump threatened to cut government contracts given […]

Economics

2 w. ago Musk threatens to decommission a key space station link for NASA

As President Donald Trump and Elon Musk argued on social media on Thursday, the world’s richest man threatened to decommission a space capsule used to take astronauts and supplies to the International Space Station. After Trump threatened to cut government contracts given to Musk’s SpaceX rocket company and his Starlink internet satellite services, Musk responded […]

Society

2 w. ago Elon Musk Urges Americans Take Action to ‘Kill’ Trump Tax Cut Bill

Elon Musk is on a mission to block President Donald Trump’s tax bill after he tried — and failed — to convince Republican lawmakers to preserve valuable tax credits for electric vehicles in the legislation, according to a person familiar with the matter.

Economics

2 w. ago Senate to Add Public Land Sales to Help Pay for Trump’s Tax Cuts

Senate Republicans plan to add the sale of public land into their version of President Donald Trump’s massive package of tax cuts, according to a key lawmaker.

Economics

2 w. ago Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says

WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office. The numbers were revealed in a letter sent to […]

Economics

2 w. ago Trump’s big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says

WASHINGTON — President Donald Trump’s big bill making its way through Congress will cut taxes by $3.7 trillion but also increase deficits by $2.4 trillion over the next decade, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office. The CBO also estimates an increase of 10.9 million people without health insurance under […]

Economics

2 w. ago Senate Begins Putting Its Stamp on Giant Trump Tax, Debt Limit Bill

Significant changes are in store for President Donald Trump’s signature $3.9 trillion tax-cut bill as the Senate begins closed-door talks this week on legislation that squeaked through the House by a single vote.

Economics

3 w. ago NPR sues Trump administration over order to cut funding to public media

Trump has instructed the Corporation for Public Broadcasting and federal agencies to cease funding for NPR and PBS, directly or indirectly

Politics

3 w. ago NPR sues Trump administration over executive order to cut federal funding to public media

NEW YORK (AP) — National Public Radio and three of its local stations sued President Donald Trump on Tuesday, arguing that his executive order cutting funding to the 246-station network violates their free speech and relies on an authority that he does not have. Earlier this month, Trump instructed the Corporation for Public Broadcasting and […]

Politics

3 w. ago NPR sues Trump administration over executive order to cut finding to public media

NEW YORK (AP) — National Public Radio and three of its local stations sued President Donald Trump on Tuesday, arguing that his executive order cutting funding to the 246-station network violates their free speech and relies on an authority that he does not have. Earlier this month, Trump instructed the Corporation for Public Broadcasting and […]

Politics

3 w. ago Trump administration moves to cut federal contracts for Harvard

WASHINGTON — The Trump administration is asking federal agencies to cancel remaining contracts with Harvard University, a senior administration official said Tuesday. The government already has canceled more than $2.6 billion in federal research grants for the Ivy League school, which has pushed back on the administration’s demands for changes to several of its policies. […]

Politics

4 w. ago Trump’s Next Hurdle: The Bond Market Hates His ‘Beautiful Bill’

President Donald Trump cut a deal with blue-state Republicans on taxes and put down an 11th-hour rebellion by conservatives over spending to get his “one big, beautiful bill” passed by the House.

Economics