In a letter sent to Republican House Speaker Mike Johnson, President Donald Trump said he wouldn’t be spending $4.9 billion in congressionally approved foreign aid — effectively cutting the budget without going through the legislative branch. The letter was posted Friday morning on the X account of the White House Office of Management and Budget.…… MORE
Appeals Court Rules Against Trump’s Plans to End Legal Protections for 600,000 Venezuelan Migrants
SAN FRANCISCO (AP) — A federal appeals court has ruled against President Donald Trump’s plans to end temporary protections for 600,000 Venezuelans who have permission to live and work in the U.S. This means those migrants whose protections expired or are about to expire might be allowed to stay. A panel of the 9th U.S.…… MORE
Key US Inflation Gauge Holds Mostly Steady Though Core Inflation Ticks Higher
WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June. The figures illustrate why many officials…… MORE
Parcels Worth Under $800 No Longer Qualify for a US Tariff Exemption
NEW YORK (AP) — Low-value imports no longer are eligible to enter the U.S. duty-free. An order signed by President Donald Trump eliminated a widely used customs exemption for international shipments worth $800 or less as of 12:01 a.m. Eastern time on Friday. The national postal services of more than 30 countries have temporarily suspended…… MORE
More Companies Pull Thousands of Packages of Shrimp for Potential Radioactive Contamination
More companies are recalling tens of thousands of packages of imported shrimp that may contain radioactive contamination. AquaStar USA Corp of Seattle is recalling packages of refrigerated cocktail shrimp sold at Walmart and medium peeled, tail-off shrimp sold at Kroger and other stores. H&N Group, a California seafood distributor, is recalling frozen shrimp sold to…… MORE