Tim Walz says he 'boosts mood' by looking at Tesla stock
Minnesota Gov. Tim Waltz, D., told the Wisconsin crowd on Tuesday that he was excited when he saw Tesla stocks and shot the agency in the face of the automaker's divisive cut. “My phone has this. I know some of you on my iPhone. They have that little stock app.” Waltz said In a clip […]
Senate GOP not planning to rubber-stamp DOGE cuts in 2026 funding
Senate Republicans are not planning to become a rubber stamp for President Trump's cleaning operation to reduce the federal government as lawmakers look to fundraising in 2026. Conservatives in both rooms have been stepping up their calls to Congress to codify the cuts Trump's Government Efficiency (DOGE) pursues, particularly as administration efforts have encountered obstacles […]
Purdue Pharma asks bankruptcy judge to accept new settlement plan
Months after the Supreme Court blocked previous contracts, Purdue Pharma filed a new bankruptcy plan as part of a $7.4 billion settlement to resolve thousands of cases against the company's allegations during the opioid crisis. The bankruptcy company announced Tuesday that it had submitted a plan to reorganize Chapter 11 with the U.S. Bankruptcy Court […]
Powell: Trump tariffs will 'delay' progress against inflation
Federal Reserve Chairman Jerome Powell warned Wednesday that President Trump's new tariffs would likely make it difficult for central banks to lower prices. Powell did not mention the president by name, but he told reporters Tuesday that the Fed supports import taxes to prevent the fight against inflation. “I think once tariff inflation arrives, further […]
White House pledges to defend FTC firings in court
On Wednesday, the White House vowed to defend the firing of two Democrats at the Federal Trade Commission (FTC), saying the president has the authority to do so after claiming it was illegal. “It's the right time to let go of these people, and the President absolutely has the authority to do that. And they've […]
Manchin, Romney join board of directors for top budget watchdog
Former Senators Mitt Romney (R-UTAH) and Joe Manchin (IW.Va.) have joined the board of directors of the Responsible Federal Budget Committee, a well-known Washington, DC-based think tank focusing on fiscal policy. The organization's chairman Maya McGuinneas said in a statement Wednesday that the addition highlighted “the committee's long-standing commitment to promoting a bipartisan solution to […]
Vancouver Auto show pulls Tesla over safety concerns
The Vancouver International Auto Show removed Tesla products one day before the scheduled event on safety concerns. “The main concern with the Vancouver Auto Show is the safety of our participants, exhibitors and staff,” Eric Nicole, executive director of the Vancouver Auto International Show, said in a statement. “This decision will allow all participants to […]
Musk: 'They basically wanna kill me because I’m stopping their fraud'
President Trump's close adviser, high-tech billionaire Elon Musk, said his life was at stake by his heavy involvement in the administration and that he might want to die because he “stops their fraud.” Musk, who is tapped by Trump late last year to lead the government's Office of Efficiency (DOGE), told Fox News' Sean Hannity […]
Could 'Make America Healthy Again' impact restaurants' bottom line?
“Make America healthy again“The initiative, led by the secretary of Health and Human Services (HHS), Robert F. Kennedy Jr., aims to revamp US dietary guidelines and practices in the food industry. Kennedy has repeatedly targeted ultra-processed foods as the main perpetrator behind the various illnesses that afflict Americans, especially children. He vowed at a Senate […]
5 questions facing the Fed ahead of its rate decision
The Federal Reserve is expected to stabilize interest rates on Wednesday despite growing concerns about the strength of the US economy. Measures of economic confidence across consumers, households and small businesses have jumped in over the past few weeks. Several performance predictions are beginning to follow suit. The Organisational Organization (OECD) revised its US outlook […]