Author: Press Room
U.S. stocks climbed to new all-time highs Friday as investors reacted to a trifecta of favorable developments: inflation continuing to cool despite tariffs, the end of the Iran-Israel war, and growing signs that President Trump’s tax legislation is advancing in Congress. The S&P 500 rose 0.52 percent to finish at a record 6,173.07. The Nasdaq Composite and Dow Jones Industrial Average also closed at historic highs, powered by gains in technology, energy, and industrial shares. Markets briefly dipped midday after Trump announced an end to trade talks with Canada but recovered quickly to finish the day firmly in positive territory.…
New York City Mayor Eric Adams announced his reelection campaign on Thursday, after socialist New York assemblyman Zohran Mamdani’s strong showing in Tuesday’s Democrat primary election. Adams, who was first elected as a Democrat in 2021 but has chosen to run as an independent this year, made the announcement from the steps of New York City Hall “surrounded by supporters, union leaders and business partners, while protesters called him a ‘criminal’ from across the park,” Fox News Digital reported. Former New York Gov. Andrew Cuomo was widely expected to secure the Democrat nomination, but was ulimately ousted from the top spot…
Rep. Don Bacon will not seek re-election and plans to retire at the end of his term, according to two people familiar with his plans. The announcement is expected Monday. Bacon is a key GOP centrist in the House and represents one of only three Republican-held districts that Kamala Harris won in the 2024 presidential election. Read the full article here
The US Senate on Friday evening rejected a resolution to limit President Trump’s Iran war powers. The resolution failed in a 47-53 vote. GOP Senator Rand Paul voted with the Democrats to limit Trump’s Iran war powers and Democrat Senator John Fetterman voted with the Republicans. CBS News reported: The Senate on Friday voted down an effort to block President Trump from using further military force against Iran, as Democratic anger festers over the lack of details about the recent strikes on the country’s nuclear facilities. The measure failed in a 47-53 vote, with Republican Sen. Rand Paul of Kentucky…
Topline The Supreme Court upheld Friday the legality of the task force that decides which preventive health services should be covered under the Affordable Care Act, avoiding a ruling that could have raised healthcare costs for millions of Americans—though other aspects of the case are still moving forward. A demonstrator holds up a pro-Affordable Care Act sign outside the U.S. Supreme Court on Nov. 10, … More 2020.CQ-Roll Call, Inc via Getty Images Key Facts The Supreme Court ruled 6-3 in favor of the government in Kennedy v. Braidwood Management, a dispute over the legality of the task force that…
One of the CNN reporters behind an anonymously-sourced report stating the U.S. strikes on Iran did not destroy key components of nuclear sites also wrote the story in which over 50 former intelligence officials claimed the Hunter Biden laptop was Russian disinformation in 2020. CNN reporter Natasha Bertrand, along with Katie Bo Lillis and Zachary Cohen, published the article, which draws on a description of an “early U.S. intelligence assessment” from various anonymous sources, on Wednesday. The story stated that “core components ” of Iran’s nuclear program were not destroyed in Operation Midnight Hammer and the mission “likely only set…
A Major Defeat for the Legal Attack on Tariffs The Supreme Court’s decision on Friday in FCC v. Consumers’ Research didn’t just preserve a telecom subsidy—it delivered a serious setback to efforts to dismantle President Trump’s trade agenda. In a 6–3 opinion written by Justice Elena Kagan, the Court rejected the claim that the Universal Service Fund’s contribution mechanism violates the Constitution’s nondelegation doctrine. While the case concerned broadband access and carrier surcharges, its legal consequences reach deep into the heart of tariff policy. The Court’s reasoning, especially on revenue-related delegation, directly undermines the core argument of the plaintiffs in…
The Trump administration is suing Dem. Gov. Tim Walz’s Minnesota to block tuition giveaways to illegal migrants, after it filed similar cases in Texas and Kentucky. The administration first took the Lone Star State to court for its reduced tuition to illegals, but the state dropped the scheme before even setting foot in court to face the federal lawsuit. Next, the Department of Justice sued Kentucky over its migrant tuition policy. The DOJ claimed that Kentucky’s Dem. Gov., Andy Beshear, is unconstitutionally discriminating against American students who are not offered the same reduced in-state tuition that illegal aliens are offered.…
Rep. Dusty Johnson will announce a bid for South Dakota governor Monday, according to two people granted anonymity to speak about private conversations. Johnson has served as South Dakota’s sole House representative since 2019. He’s been a key player in major deals on Capitol Hill in recent years as the head of the Main Street Caucus of Republicans. Johnson, long expected to mount a bid for higher office, will make the announcement in Sioux Falls. Johnson is the eighth House Republican to announce a run for higher office in 2026. Reps. Andy Biggs of Arizona, Byron Donalds of Florida, Randy…
The US president is eyeing several incentives to convince Tehran to agree to walk back from uranium enrichment, the network claims The administration of US President Donald Trump is considering a $30 billion plan to help Iran develop a civilian nuclear program as an incentive to return to full-fledged talks over a nuclear deal, CNN reported on Thursday, citing sources.Washington and its Middle East partners have been holding secret negotiations with Tehran, even as Iran and Israel exchanged strikes earlier this month, four sources familiar with the matter told the network.The US reportedly has not dropped its key demand that…