Tag: economy

Senate Republicans look to sweeten Medicaid pot to silence dissent on Trump’s ‘big, beautiful bill’Senate Republicans look to sweeten Medicaid pot to silence dissent on Trump’s ‘big, beautiful bill’

The Medicaid debate among Senate Republicans continues to rage on, but a new proposal geared toward sating concerns over the survivability of rural hospitals could help to close the lingering fissures within the conference. Senate Republicans are sprinting to finish their work on President Donald Trump’s “big, beautiful bill,” which is filled with key priorities […] ...

Border Patrol could face key recruitment change as Congress debates next immigration movesBorder Patrol could face key recruitment change as Congress debates next immigration moves

EXCLUSIVE: Arizona Democratic Sen. Ruben Gallego is introducing legislation on Wednesday that would end the polygraph test requirement for some applicants to U.S. Customs and Border Protection. The exception would apply to those who are veterans and currently serve in the military, as well as current and former law enforcement officials, as they often already […] ...

Judicial nominee shuts down ‘wildly inaccurate’ claims that he’s Trump’s ‘henchman’Judicial nominee shuts down ‘wildly inaccurate’ claims that he’s Trump’s ‘henchman’

Emil Bove forcefully rejected criticisms that he was President Donald Trump’s “henchman” or “enforcer” during a Senate hearing Wednesday focused on his nomination by Trump to serve as a federal judge. Bove, a top Department of Justice (DOJ) official vying to fill a lifetime role on the Third Circuit Court of Appeals, said media reports […] ...

Treasury requires US financial institutions cut ties with Mexico-based banks tied to cartel money launderingTreasury requires US financial institutions cut ties with Mexico-based banks tied to cartel money laundering

The Trump administration on Wednesday, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels. The Treasury Department identified cartels that have “exploited Mexico-based financial institutions to move money,” which Treasury Secretary Scott Bessent said enables the “vicious […] ...

AT&T settles data breach lawsuits for $177 million: What customers need to know about settlement paymentsAT&T settles data breach lawsuits for $177 million: What customers need to know about settlement payments

Money could be coming the way of some AT&T users through a significant settlement that stemmed from lawsuits about a pair of data breaches the company experienced.  The settlement that AT&T reached, worth $177 million, received preliminary approval from the U.S. District Court for the Northern District of Texas late last week. The preliminary approval […] ...

Wall Street panics over prospect of a socialist running New York CityWall Street panics over prospect of a socialist running New York City

On Wednesday morning, the world’s epicenter of capitalism woke up to find it might soon have a socialist mayor. Democratic socialist Zohran Mamdani’s stunning win over former Gov. Andrew Cuomo in the New York City Democratic primary for mayor shocked Wall Street. Some of the world’s most influential and powerful financiers were left grasping to […] ...

James Comer probes if government played role in ‘debanking’ conservativesJames Comer probes if government played role in ‘debanking’ conservatives

FIRST ON FOX: House Oversight Committee Chair James Comer, R-Ky., is investigating whether federal actors played any role in “debanking” conservatives, widening his probe into alleged political discrimination by financial institutions. “The Committee on Oversight and Government Reform is investigating the improper debanking of individuals and entities based on political viewpoints or involvement in certain […] ...

Charlotte drops Tesla from approved city vehicle list, alleging safety issues and lawsuitsCharlotte drops Tesla from approved city vehicle list, alleging safety issues and lawsuits

Charlotte City Council in North Carolina voted Monday to remove Tesla from its list of approved vehicle manufacturers for municipal use, with one supportive member citing alleged “safety issues.” Councilwoman LaWana Mayfield, who led the effort, has favored such a move for weeks, according to WCNC. The 11-member board with nine Democrats voted 6-3 in […] ...

Jeff Bezos and Lauren Sanchez tell wedding guests ‘no gifts’ for their Venice celebrationJeff Bezos and Lauren Sanchez tell wedding guests ‘no gifts’ for their Venice celebration

Soon-to-be-wed Amazon founder Jeff Bezos and fiancée Lauren Sánchez don’t want gifts from their wedding guests.  The couple told guests “please, no gifts” in the wedding invitation that they mailed out ahead of their wedding, Good Morning America reported. Bezos and Sanchez are slated to marry in the Italian city of Venice this week, roughly two […] ...

Bernie Moreno wants Senate to call for Nobel Peace Prize to go to TrumpBernie Moreno wants Senate to call for Nobel Peace Prize to go to Trump

Sen. Bernie Moreno, R-Ohio, wants President Donald Trump to win the Nobel Peace Prize. The lawmaker is introducing a resolution Wednesday that declares the U.S. Senate “calls on the Norwegian Nobel Committee to award President Donald John Trump the 2025 Nobel Peace Prize,” “urges all peace-loving nations to join in that call” and “expresses its […] ...

Iran, Israel and US agree that Islamic Republic nuclear sites were ‘badly damaged’ despite leaked intel reportIran, Israel and US agree that Islamic Republic nuclear sites were ‘badly damaged’ despite leaked intel report

President Donald Trump’s historic precision strikes on Iran’s nuclear sites Saturday hit their targets and “destroyed” and “badly damaged” the facilities’ critical infrastructure — an assessment agreed upon by Iran’s Foreign Ministry, Israel and the United States. “Our nuclear installations have been badly damaged, that’s for sure,” Iran’s Foreign Ministry spokesman Ismail Baghaei told Al […] ...

NYC dem socialist Zohran Mamdani wins primary election: What is his economic agenda?NYC dem socialist Zohran Mamdani wins primary election: What is his economic agenda?

New York Assemblyman Zohran Mamdani’s victory in the Democratic Party’s primary for the New York City mayoral nomination has put his economic policies in the forefront as he aims to run the nation’s most populated city. Mamdani, 33, is a Democratic member of the state assembly representing Queens who is also a member of the […] ...

Lawmakers grapple with questions of safety vs speed in AI race with ChinaLawmakers grapple with questions of safety vs speed in AI race with China

Congressional lawmakers on Wednesday questioned the balance between speed and safety when discussing artificial intelligence (AI) regulations and the need for the U.S. to dominate China in the race to develop the emerging technology. Bipartisan lawmakers of the House Select Committee on the Chinese Communist Party were adamant that the U.S. must lead the AI […] ...

Democratic congressman hurls profanity-laced message at Stephen MillerDemocratic congressman hurls profanity-laced message at Stephen Miller

A Democratic lawmaker hurled profanity at White House deputy chief of staff Stephen Miller on Wednesday, going on to imply that Miller is a Nazi. Rep. Mark Pocan, D-Wisc., made the statement on social media in response to some of Miller’s commentary on New York City. Miller was discussing democratic socialist Zohran Mamdani’s victory in […] ...

NTSB blames Boeing, FAA in terrifying Alaska Airlines door blowoutNTSB blames Boeing, FAA in terrifying Alaska Airlines door blowout

Boeing and the Federal Aviation Administration (FAA) caused “multiple system failures” that led to an Alaska Airlines door blowing off mid-flight in January 2024, the National Transportation Safety Board (NTSB) said during a meeting on Tuesday. The incident with the Boeing 737 Max 9 occurred on Flight 1282 shortly after takeoff from Portland, Oregon, and […] ...

Texas the latest state with a law banning foreign adversaries from buying real estateTexas the latest state with a law banning foreign adversaries from buying real estate

Texas has become the latest state to cement a ban on land and property purchases by individuals or entities from adversarial nations. Republican Gov. Greg Abbott signed Senate Bill 17 into law over the weekend, prohibiting countries identified as security threats in the intelligence community’s 2025 Annual Threat Assessment, from acquiring “real property” in the […] ...

New York Democrats say mayoral candidate Zohran Mamdani ‘too extreme to lead’New York Democrats say mayoral candidate Zohran Mamdani ‘too extreme to lead’

At least two moderate House Democrats from New York are criticizing New York City’s presumptive Democratic nominee for mayor, Assemblyman Zohran Mamdani. “Socialist Zohran Mamdani is too extreme to lead New York City. His entire campaign has been built on unachievable promises and higher taxes, which is the last thing New York needs,” Rep. Laura […] ...

Microsoft plans ‘substantial’ job cuts across Xbox divisionMicrosoft plans ‘substantial’ job cuts across Xbox division

Microsoft is planning another round of cuts at Xbox as part of the tech giant’s ongoing reorganization. Xbox managers are expecting substantial job cuts across the entire group as soon as next week, people familiar with the matter told Bloomberg. This marks the fourth time Microsoft downsized its gaming division in the past 18 months, […] ...

Trump DHS sues entire bench of federal judges in Maryland district court over automatic injunctionsTrump DHS sues entire bench of federal judges in Maryland district court over automatic injunctions

The Department of Homeland Security (DHS) is suing all 15 judges on the Maryland federal bench, arguing the court’s policy of automatically pausing certain immigration cases that come before it is unlawful. Attorneys for the Trump administration argued to the very court they are suing that the policy, imposed through an order the court issued […] ...

Rubio cracks up at Trump’s reaction to NATO leader calling president ‘daddy’Rubio cracks up at Trump’s reaction to NATO leader calling president ‘daddy’

Secretary of State Marco Rubio cracked up laughing when President Donald Trump gave his reaction to NATO Secretary General Mark Rutte calling the commander in chief “daddy” earlier Wednesday.  During their bilateral meeting in The Hague, Netherlands, Trump discussed the U.S.’ role in brokering a fragile ceasefire between Israel and Iran, saying both countries were […] ...

Trump warns Spain: Pay up for defense or pay ‘twice as much’ in trade negotiationsTrump warns Spain: Pay up for defense or pay ‘twice as much’ in trade negotiations

President Donald Trump tore into Spain over its refusal to adhere to the North Atlantic Treaty Organization’s (NATO) new 5% defense spending target during a press conference Wednesday.  “They’re the only country that won’t pay up, they want to stay at 2%,” said Trump. “I think it’s terrible. And you know, they’re doing very well, […] ...

Zelenskyy pointedly thanks Trump, America for Ukraine support months after Vance’s jab about lack of gratitudeZelenskyy pointedly thanks Trump, America for Ukraine support months after Vance’s jab about lack of gratitude

Ukrainian President Volodymyr Zelenskyy thanked President Donald Trump after they had a talk Wednesday at the NATO summit in the Netherlands — months after Vice President JD Vance called out Zelenskyy for not voicing more gratitude for U.S. support for Kyiv as it battles Moscow.  When Zelenskyy visited the White House in February he sparred […] ...

Trump slams Fed Chair Powell for not cutting rates: ‘Average mentally person’Trump slams Fed Chair Powell for not cutting rates: ‘Average mentally person’

President Donald Trump slammed Federal Reserve Chairman Jerome Powell on Wednesday as the head of the central bank testified before a Senate panel. “I think he’s terrible,” Trump said in response to a question from a reporter during a press conference at the NATO summit in The Hague, Netherlands. Trump reiterated his criticism of Powell […] ...

These popular Fourth of July foods will cost more this yearThese popular Fourth of July foods will cost more this year

Fourth of July barbecue costs remain near record highs as inflation and reduced availability of certain food items keep prices “stubbornly high,” according to the American Farm Bureau Federation (AFBF). Families cooking for the holiday for 10 guests this year should expect to pay about $70.92, which is only 30 cents less from last year’s […] ...

Trump critic JB Pritzker expected to launch Democratic re-election bid for third term as Illinois governorTrump critic JB Pritzker expected to launch Democratic re-election bid for third term as Illinois governor

Democratic Illinois Gov. J.B. Pritzker is expected to announce on Thursday that he’ll seek a third four-year term steering the blue Midwestern state, a source with knowledge confirmed to Fox News. The billionaire governor, a member of the Pritzker family that owns the Hyatt hotel chain and who has started several of his own venture […] ...