NEW YORK (AP) — The Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe economic downturn. The tests, announced Friday, were less rigorous than in previous years, with milder assumptions about unemployment, real estate, and stock market declines. The Fed says the changes aim to reduce…… MORE
WASHINGTON (AP) — The Supreme Court has upheld the fee added to phone bills to provide billions of dollars a year in subsidized phone and internet services in schools, libraries and rural areas. The justices Friday reversed an appeals court ruling that had struck down as unconstitutional the Universal Service Fund, the charge that’s been…… MORE
WASHINGTON (AP) — Texas’ attorney general is praising a Supreme Court ruling upholding a state law aimed at blocking children from seeing pornography online. Republican Attorney General Ken Paxton said Friday that companies “have no right to expose children to pornography and must institute reasonable age verification measures.” Nearly half the states have passed similar…… MORE
WASHINGTON (AP) — A divided Supreme Court has ruled that individual judges lack the authority to grant nationwide injunctions, but the decision leaves unclear the fate of President Donald Trump’s restrictions on birthright citizenship. The outcome Friday was a victory for Trump, who has complained about individual judges throwing up obstacles to his agenda. But…… MORE
(WBAP/KLIF) — During a White House event, Thursday, revolving around the Big, Beautiful Bill, President Trump eluded to a deal involving trade being signed with China. The Commander-in-Chief stated, “We just signed with China yesterday”, however provided no further details on the matter. He did say his plans were intended to “open up China.” President…… MORE