WASHINGTON (AP) — As Congress looks to slash spending and raise revenue for President Donald Trump’s tax bill, Republicans have turned attention to the huge endowments amassed by the country’s wealthiest colleges. Varying proposals have called for raising the rate to 14% or 21%, treating traditionally tax-free universities like major corporations. Trump previously said he…… MORE
Federal Reserve Likely to Defy Trump & Keep Rates Unchanged this Week
WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs. After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, the Republican…… MORE
Trump Has Threatened a 100% Tariff on Movies Made Outside the US
NEW YORK (AP) — President Donald Trump is threatening to levy all films made outside the U.S. at a steep rate of 100%. Over the weekend, Trump accused other countries of “stealing the movie-making capabilities” of the U.S. and said that he had authorized the Commerce Department and the U.S. Trade Representative to “immediately begin…… MORE
India conducts a military strike against Pakistan
ISLAMABAD, Pakistan (AP) Pakistan says India has fired missiles across the border into Pakistani-controlled territory striking at least three locations, killing a child and wounding two other people. India said Wednesday it was striking infrastructure used by militants. Tensions have soared between the nuclear-armed neighbors over last month’s militant attack on tourists in the Indian-controlled…… MORE
‘Unsettling’ social media post about North Texas school leads to arrest, officials say
FROM MEDIA PARTNER WFAA (NEWS 8) Author: Rachel Behrndt Published: 7:34 AM CDT May 5, 2025 Updated: 11:32 AM CDT May 5, 2025 HURST, Texas — The Hurst Police Department made an arrest in connection with a threatening social media post targeting an Hurst-Euless-Bedford Independent School District elementary school, officials said. In a letter to parents, HEB ISD…… MORE