Latest in GOP senator says 'tariffs is a tax' and Trump understands 'completely'
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GOP senator says 'tariffs is a tax' and Trump understands 'completely'
A GOP senator says President Trump's tariffs are a tax on American consumers, and Trump knows but the goal is to create open markets and long-term fairnessThe Hill - 18h -
Trump threatens 200% tariff on alcohol from EU
Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.BBC News - 12h -
Trump says Democrats would be to blame for shutdown, suggests it could delay tax cuts
President Trump said Thursday that Democrats would be to blame if government funding runs out this week and suggested a shutdown could delay GOP efforts to extend expiring tax cuts. "They do a ...The Hill - 15h -
GOP senator: People in agriculture 'get a little nervous' about tariffs
Sen. Deb Fischer (R-Neb.) voiced support for President Trump's tariff policies Thursday, even as she acknowledged the agricultural community can get "a little nervous" about the topic, which has ...The Hill - 15h -
House Democrats bash Senate colleagues for backing GOP spending bill: ‘Huge slap in the face’
House Democrats are furious at their fellow Democrats in the Senate for supporting a Republican spending bill, saying Minority Leader Charles Schumer (D-N.Y.) and other aisle-hopping senators are ...The Hill - 7h -
State and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations, policy experts say.NBC News - 15h -
Goldman Sachs CEO: Business community 'understands' what Trump is trying to do with tariffs
Goldman Sachs CEO David Solomon said that the business community “understands” what President Trump is trying to do with levies on various goods, even though they want "lower tariffs everywhere.” ...The Hill - 1d -
Trump says he considering cutting back on Canada tariffs as stock markets bounce
President Trump says he is considering reducing the new tariffs he announced on Canada's steel and aluminum as a response to Ontario's tax on electricity to the U.S. This comes as the stock markets ...CBS News - 2d -
Senate GOP frets as Wall Street takes dip over tariffs, talk of recession
Senate Republicans expressed new worries about the economy Monday after Wall Street had one of its worst days in years amid a trade war and remarks from President Trump that did not rule out the ...The Hill - 3d -
Thune says Trump's tariffs should be 'temporary' amid market volatility
Senate Majority Leader John Thune (R-S.D.) said he supports President Trump using tariffs to stop the flow of fentanyl into the United States but said the tariffs should be temporary, citing the ...The Hill - 2d -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - 3d -
Senate Democrats say they will reject GOP's funding bill as shutdown draws near
After meeting with his conference, the Senate minority leader said "Republicans do not have the votes" to advance the House-approved measure, which requires 60 to pass.NBC News - 1d -
Top House Democrats press Senate colleagues to sink GOP spending bill
The top House Democrats are pressing their fellow party members in the Senate to kill the Republicans’ spending bill when it reaches the upper chamber, saying the proposal will hurt Americans ...The Hill - 2d -
Dr. Mehmet Oz may have underpaid Medicare and Social Security taxes, Senate Democratic memo finds
Dr. Mehmet Oz, President Donald Trump’s nominee to oversee the Center for Medicare and Medicare Services, may have “significantly” underpaid Medicare and Social Security taxes.NBC News - 15h -
Shaheen needles Scott Brown over potential GOP Senate bid
New Hampshire Sen. Jeanne Shaheen (D) needled her former rival Scott Brown over his status as a former Massachusetts senator on Wednesday as he weighs a bid to replace her in the Senate. “You ...The Hill - 1d -
‘Be careful about this’: Warnings abound as GOP considers writing off tax cuts
Republicans will discuss the accounting maneuver with President Donald Trump on Thursday.Politico - 1d -
Johnson, House GOP dismiss market turmoil in defending Trump tariff policies
House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.ABC News - 2d -
Arizona Democrats say they'll vote against GOP bill to avert shutdown
A pair of Senate Democrats from a key battleground state on Thursday said that they would vote against the GOP’s six-month spending bill, raising questions about the possibility of a government ...The Hill - 15h -
Republicans worry Trump's tariffs could harm economy
Republican lawmakers are growing alarmed over signs that President Trump’s expanding trade war is hurting the economy, something they’re hearing from constituents at home who are struggling to ...The Hill - 4d -
Understanding Trump's 2024 comeback
When President Trump left office in January 2021, he said he would "be back in some form." A new book, "Revenge: The Inside Story of Trump's Return to Power," examines the president's ...CBS News - 2d -
Senate Democrats' impending choice: Shutdown or surrender
House Democrats say they won't vote for the House GOP's spending plan. Democrats across the Capitol aren't so sure.Politico - Mar. 7 -
House GOP blocks Democrats from forcing vote on repealing Trump tariffs
House Republicans on Tuesday approved a provision that would prevent Democrats from forcing votes for the remainder of the year on repealing recent tariffs implemented by President Trump. It ...The Hill - 2d -
Sununu on possible Senate bid: 'I have not ruled it out completely'
Former New Hampshire Gov. Chris Sununu (R) said he is considering running for Senate after previously rejecting the possibility. “I have not ruled it out completely, but folks in Washington have ...The Hill - 2d -
Trump threatens to put 200% tariff on French Champagne and other EU spirits
The U.S. tariff comes after the European Union moved to put an import tax on American whiskey.CNBC - 13h -
Trump threatens Europe with 200 percent tariff on wine, Champagne
President Trump on Thursday threatened to put a hefty 200 percent tariff on wine and Champagne coming in from Europe if the European Union (EU) does not remove a tariff on whisky. “The European ...The Hill - 21h -
Trump lauds 'very good funding bill' after House GOP unveils CR
President Trump was quick to throw his support behind the House GOP's stopgap funding bill Saturday afternoon, calling it a "very good funding bill." "The House and Senate have put together, under ...The Hill - 5d -
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know
The state and local tax deduction could change in 2025 as lawmakers debate Trump's tax cuts. Here's what to know.CNBC - 1d -
Tariffs to add as much as $10,000 to the cost of the average new home, trade association says
"The tariffs act as a tax on American builders, home buyers and consumers," the National Association of Home Builders said.CNBC - 18h -
Fetterman on Trump tariffs: We don't have to 'punch' allies 'in the mouth'
Sen. John Fetterman (D-Pa.) said he disagrees with President Trump’s approach to tariffs on Canada and Mexico, calling it a blow to the U.S.'s working relationship with its allies. “Truthfully, I ...The Hill - 1d -
Senate Democrats leery of blocking GOP bill fear shutdown politics have changed
Senate Democrats are leery of blocking a House Republican-drafted six-month government funding bill, fearing that a government shutdown may backfire on them politically by giving Elon Musk and the ...The Hill - 3d -
Defiant Democrats say they won’t support GOP funding bill
Senate Democrats say they will not back a government funding bill written by Republicans as a Friday deadline looms, instead pushing for both parties to pass an extension. NBC’s Garrett Haake ...NBC News - 23h -
White House withdraws CDC nominee hours before Senate hearing
Trump officials say Weldon - an ally of RFK Jr - did not have the Senate votes necessary to be confirmed.BBC News - 20h -
Live updates: House sends funding bill to Senate; Ontario backs off power surcharge
Republicans in Congress are racing to pass a GOP stopgap funding bill by 11:59 p.m. Friday to avert a government shutdown. The House on Tuesday passed the measure 217-213, sending it to the Senate ...The Hill - 2d -
Senate confirms Lori Chavez-DeRemer as labor secretary in bipartisan vote
Democrats joined Republicans in confirming former GOP Rep. Lori Chavez-DeRemer as President Trump's labor secretary.CBS News - 3d -
Trump says tariff approach shows 'flexibility' not 'inconsistency'
President Trump on Wednesday disputed that his repeated threats of tariffs followed by exemptions or backtracking was not a case of inconsistency, but of “flexibility,” even as the approach has ...The Hill - 1d -
Trump announces more tariffs on Canada's steel, aluminum as stocks continue stumbling
President Trump announced more tariffs on Canada's steel and aluminum after Ontario announced a tax on electricity for the U.S. CBS Moneywatch correspondent Kelly O'Grady reports and CBS News' Fin ...CBS News - 2d -
Understanding Trump's magnanimous approach to governance
Donald Trump's transactional and magnanimous personality traits are driven by his narcissistic personality disorder, which leads him to manipulate others for personal gain and attention, and to ...The Hill - 17h -
U.S. business owners respond to tariff war
President Trump on Thursday threatened to put a 200% tariff on European alcohol if the European Union puts a 50% import tax on American whisky in retaliation for his tariffs on steel and aluminum. ...CBS News - 10h