Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
Trump Announces 50% Tariff on Copper Imports
President Trump announced a 50% tariff on copper imports, citing national security and the need to support key U.S. industries like electric vehicles & defense.
DOJ Charges Two in $650 Million OmegaPro Crypto Scam
The DOJ charged two men in connection with the $650 million OmegaPro crypto scam, which ran from 2019 to 2023 and promised investors up to 300% returns.
Trump Threatens 200% Tariffs on Pharmaceuticals
President Trump threatened to impose 200% tariffs on foreign-made pharmaceuticals, giving companies 12 to 18 months to shift production to the U.S..
Trump Announces 25% Tariffs on Japan and South Korean Imports
President Donald Trump announced a 25% tariff on imports from Japan and South Korea, effective August 1st.
Reignited Trump-Musk feud burns Tesla investors with shares down 7%
Shares of electric vehicle maker Tesla tumbled 7% as the feud between CEO Elon Musk and Trump reignited over the weekend.
Wall Street falls as Trump pressures trading partners with new tariffs
Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
Secretary Bessent Warns of ‘Boomerang’ Tariffs on August 1st
The Trump administration is signaling a pivotal shift on tariffs, with Treasury Secretary Scott Bessent.
Elon Musk Officially Launches New Political Party
Elon Musk has officially launched a new political organization called the “America Party,” filing FEC paperwork on July 5, 2025.
Trump’s ‘ Big Beautiful Bill’ Signed Into Law
President Trump signed the “One Big Beautiful Bill” into law on July 4TH, during a high-profile White House Independence Day ceremony.
Trump Wants Approval to Dismiss CPSC Commissioners
President Trump’s administration petitioned the Supreme Court to reverse a federal judge’s ruling that reinstated three Democratic commissioners to the CPSC.
Trump Announces New Trade Deal with Vietnam
President Trump has announced a new trade framework with Vietnam. The deal involves pausing reciprocal tariffs and agreeing to suspend duties on U.S. exports.
How a rift over regulation doomed the big bill’s ban on state AI laws
A stark disagreement over regulating AI in Republicans’ tax cut and spending bill is the latest tension among conservatives about whether to let states continue to put guardrails on emerging technologies or minimize such interference.
Zohran Mamdani Emerges Victorious in NYC Primary by 12 Points
Zohran Mamdani, a 33-year-old Queens assemblyman and self-described democratic socialist, officially clinched the Democratic nomination for New York City mayor.
Fed Chair Powell Blames Tariffs for No Rate Cuts
Federal Reserve Chair Jerome Powell said that the Fed would likely have eased monetary policy by now if it weren’t for President Trump’s tariff plan.
Pharma Stocks Soar Amid Medicaid Cuts and Trump’s Price Pressure — Here’s Why
Amanda Chu of POLITICO reveals how lawmakers are betting millions on pharma stocks even as Trump threatens tariffs and demands steep drug price cuts. Watch!
Tesla Shares Drop as Trump/Musk Feud Persists
Tesla shares dropped 6% after President Trump suggested on Truth Social that DOGE should review the vast government subsidies received by Elon Musk’s companies.
What’s in the latest version of Trump’s big bill?
At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations.
