Political News

Trump to Build $200 Million White House Ballroom

White House Ballroom

President Donald Trump on Thursday announced plans for a dramatic expansion to the White House complex: a $200 million, privately funded state ballroom set to begin construction in September. The 90,000-square-foot facility — which will replace the current East Wing structure — is designed to accommodate up to 650 seated …

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Trump Demands Drugmakers Cut U.S. Prices in 60 Days

CVS Pharmacy

President Donald Trump on Thursday sent formal letters to more than a dozen major pharmaceutical companies demanding they slash U.S. drug prices within 60 days — or risk federal action. In a fiery post published on Truth Social, Trump revealed the letters, which instruct companies to offer their full range …

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Trump Orders Sweeping Tariffs on Dozens of Countries

President Donald Trump at "Liberation Day"

President Donald Trump on Thursday formally imposed sweeping new tariffs on imports from more than 60 countries, issuing an executive order just hours before the administration’s self-imposed midnight deadline. The new tariffs — ranging from 10% to as high as 41% — are set to take effect in seven days …

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Trump’s Big Proposed Cuts to Health and Education Spending Rebuffed by Senate Panel

Sen. Susan Collins and Sen. Patty Murray

The U.S. Senate Committee on Appropriations Thursday largely rejected Trump administration proposals to slash funding for education programs, medical research grants, health initiatives and Ukraine security assistance. Instead, senators from both parties agreed to increase spending in the Labor, Health and Human Services and Education spending bill for fiscal year …

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Senate Panel Advances Stock Trading Ban for Officials

Sen. Josh Hawley

A Senate committee on Wednesday narrowly approved legislation banning members of Congress, the president, vice president, and their immediate families from trading or owning individual stocks and other financial assets, escalating a partisan clash over political ethics and Donald Trump’s financial interests. The Homeland Security and Governmental Affairs Committee voted …

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Trump Ends De Minimis Trade Loophole for All Countries

port, shipping containers

President Donald Trump signed an executive order Wednesday eliminating a long-standing trade loophole that allowed low-value packages under $800 to enter the United States duty-free, a move that could reshape cross-border e-commerce and intensify trade tensions. The order, which will take effect on August 29, subjects all foreign shipments valued …

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Fed Holds Rates Steady Amid Trump Pressure, Rising Inflation

Federal Reseve Chair Jerome Powell

The Federal Reserve on Wednesday opted to leave its benchmark interest rate unchanged, defying persistent pressure from President Donald Trump and signaling renewed concern about inflation and economic uncertainty driven by tariffs. In a statement following its July policy meeting, the Fed said that while economic growth had moderated, inflation …

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