The U.S. House of Representatives has passed a tax bill championed by former President Donald Trump, following last-minute amendments. The bill, which aims to restructure tax policies, has sparked debate among lawmakers and economists. Supporters argue that the bill will stimulate economic growth and benefit businesses, while critics warn that it may disproportionately favor corporations…
Washington, D.C. – Former U.S. President Joe Biden, 82, has been diagnosed with an advanced form of prostate cancer that has metastasized to his bones, his office confirmed on Sunday. The diagnosis comes after Biden experienced urinary symptoms, prompting medical evaluations that led to the discovery of a prostate nodule. Biden’s medical team has classified…
Washington, D.C. – The U.S. Supreme Court heard oral arguments Thursday on former President Donald Trump’s executive order seeking to restrict birthright citizenship. While the court appeared hesitant to allow the policy to take effect, justices debated whether lower courts should have the power to block presidential orders nationwide. Trump’s order, signed on his first…
Washington, D.C.—April 2025—The U.S. Treasury has reported a budget surplus of $258 billion for April, marking a significant 23% increase compared to the same month in 2024. The surplus is primarily attributed to robust tax receipts at the end of the tax season and heightened customs duties following President Trump’s increased tariffs on Chinese imports….
Tensions between the United States and China are escalating, prompting experts to warn that the Asia-Pacific region must prepare for the impact of a new Cold War. As economic competition turns into strategic rivalry, both nations bolstered their military capabilities and strengthened regional alliances, raising concerns about long-term stability. Military Buildup and Strategic Positioning China…
In a significant move to combat veteran homelessness, President Donald Trump has directed Secretary of Veterans Affairs Doug Collins to establish the National Center for Warrior Independence at the West Los Angeles VA campus. The initiative aims to provide housing and support services for up to 6,000 veterans by 2028, addressing a critical issue in…
Washington, D.C./Beijing – May 12, 2025 – The United States and China have officially signed a new trade agreement, marking a significant shift in economic relations between the two global superpowers. The deal, announced earlier today, aims to ease tariffs, improve market access, and stabilize financial markets after years of trade tensions. Key Provisions of…
In a surprising turn of events, India and Pakistan have agreed to a full and immediate ceasefire following days of escalating military tensions. The announcement came from former U.S. President Donald Trump, who claimed the ceasefire was brokered through U.S.-led mediation. However, the agreement’s details remain contested, with India asserting that the truce was reached…
Washington, D.C. — May 10, 2025 China’s exports to the United States have plummeted, marking a significant shift in trade patterns and underscoring the impact of President Donald Trump’s new tariff policy. The decline in Chinese shipments follows the introduction of a 10% baseline tariff on imports, which has reshaped business strategies and forced industries…
Trade tariffs have long been a tool used by U.S. presidents to protect domestic industries, negotiate trade deals, and influence global economic dynamics. Trump’s permanent 10% baseline tariff aligns with past protectionist policies but also differs in key ways. 1. The Smoot-Hawley Tariff Act (1930) One of the most infamous tariff policies in U.S. history,…
