NEW YORK (AP) — Hopes that Sean “Diddy” Combs might testify at his federal sex trafficking trial have faded after his lawyer predicted a defense presentation lasting two to five days. Defense lawyers made the estimate Tuesday when the judge asked how long their case would last. Prosecutors say they’ll rest Friday after presenting evidence…… MORE
Trump Tax Bill Would Widen Deficits By $2.8T After Factoring In Economic Impacts, CBO Says
WASHINGTON (AP) — President Donald Trump’s tax and budget bill would increase deficits by $2.8 trillion over the next decade after factoring in other economic effects. That’s according to a more fulsome analysis released Tuesday by the Congressional Budget Office. The report finds that the bill would increase interest rates and boost interest payments on…… MORE
Toy Company Challenges Trump’s Tariffs Before The Supreme Court In Long Shot Bid For Quick Decision
WASHINGTON (AP) — An Illinois toy company is challenging Donald Trump’s tariffs at the Supreme Court. Learning Resources Inc. filed an appeal asking the Supreme Court to take up the case soon rather than let it continue to play out in lower courts. The company argues the president illegally imposed tariffs under an emergency powers…… MORE
Americans Turn Cautious And Retail Sales Slide After A Spring Rush To Beat Tariffs
WASHINGTON (AP) — Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports. Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a decline of 0.1% in…… MORE
Senate Passes Crypto Regulations, Sends To House Without Addressing Trump’s Investments
WASHINGTON (AP) — The Senate has passed legislation that would regulate a form of cryptocurrency known as stablecoins. It is the first of what the industry hopes will be a wave of bills to bolster its legitimacy and reassure consumers following its heavy spending in last year’s election. The bill advanced through the Senate by…… MORE