A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of global trade. The stakes for millions of U.S. consumers and businesses are high. Economists warn that the barrage of import duties announced on April 2, which President Trump called “Liberation … Read more
Kilmar Abrego Garcia — the man whose mistaken deportation by the Trump administration has fueled a monthslong legal saga — alleged Wednesday that he faced “psychological torture” and “severe beatings” after he was sent to a supermax prison in El Salvador earlier this year. The new allegations emerged in a legal filing by attorneys for … Read more
Extended interview: Iran’s foreign minister Abbas Araghchi speaks to CBS News after U.S. strikes – CBS News Watch CBS News Iranian Foreign Minister Abbas Araghchi speaks to CBS News — his first interview with an American media outlet inside Iran since the U.S. strikes on the country’s nuclear facilities — about what it would take … Read more
The University of Pennsylvania has agreed to ban transgender athletes, resolving the civil rights case sparked by swimmer Lia Thomas, the Department of Education said Tuesday. Penn agreed to a number of “action items” to resolve what the department calls Title IX violations, the Education Department said in a statement. Those items include restoring “to … Read more
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank has held off on lowering interest rates this year because of President Trump’s tariffs. Speaking at a gathering of central bankers in Portugal, Powell said “I think that’s right” in response to a moderator’s question about whether the Fed would have cut its … Read more
The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure. The excise tax would have been imposed on wind and solar energy projects constructed … Read more
“Vote-a-rama” on Trump bill: What we know Everything we know about the Senate “vote-a-rama” on Trump’s “big, beautiful bill” 12:44 Tesla shares dipped Tuesday following a renewed spat between Tesla CEO Elon Musk and President Trump over the massive spending bill currently up for a final vote in the Senate. The electric vehicle company’s stock price … Read more
President Trump recently indicated diplomatic talks with Iran could restart as soon as this week, although the White House noted no talks were officially scheduled. After U.S. airstrikes on some of Iran’s nuclear facilities, followed days later by a ceasefire to end what Mr. Trump called the 12-day war between Iran and Israel, Iran’s foreign minister seemed … Read more
Detentions of immigrants without criminal histories have risen sharply since May amid a broader push to expand immigration enforcement, according to a CBS News analysis of data from the Department of Homeland Security. White House adviser Stephen Miller announced a push for a new, higher target of 3,000 arrests daily in late May. From the … Read more
Senate debates President Trump’s “big, beautiful bill” amid fierce backlash – CBS News Watch CBS News A tax and spending package that is the centerpiece legislation of President Trump’s second term agenda has drawn support from most Republicans on Capitol Hill and sharp criticism from Democrats who say it would benefit the rich and increase … Read more