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President Trump spoke to Chinese President Xi Jinping on Thursday morning, with the President saying the two leaders spoke for 90 minutes and addressed issues surrounding a temporary truce reached on May 12 that was meant to alleviate the escalating trade war between the two countries. According to Chinese officials and state media, the conversation […]

The United States doubled its tariffs on steel and aluminum to 50% on Wednesday, as part of President Trump’s broader trade policy. The new rates took effect at midnight Eastern time in a move that cast a shadow over the Organization for Economic Cooperation and Development (OECD) ministerial meeting underway in Paris. Trump’s aggressive tariff […]

According to a new report from the Congressional Budget Office (CBO), the major legislative package backed by President Trump known as the “One Big Beautiful Bill Act” could increase the federal deficit by $2.4 trillion over the next decade.  The updated estimate slightly exceeds the CBO’s earlier projection of $2.3 trillion in additional debt tied […]

The U.S. Department of Education is pausing its plan to garnish people’s Social Security benefits if they have defaulted on their student loans (per The Hill.). Ellen Keast, an Education Department spokesperson, said that the White House “has put a pause on any future Social Security offsets. The Trump Administration is committed to protecting Social […]