US Politics & Business News
A federal judge in Florida has agreed to reopen President Trump’s lawsuit against the IRS, which seeks $10 billion in damages. The judge sided with intervenors who argued that a settlement agreement had tainted the original case. The intervenors specifically contended that the settlement’s creation of an “anti-weaponization” fund compromised the integrity of the proceedings….
The Securities and Exchange Commission formally proposed on Friday to rescind its 2024 rule on climate-related disclosures from publicly traded companies. The rule, which was adopted in 2024, would have required publicly traded companies to disclose certain information related to climate change. The SEC’s formal proposal marks a significant step toward eliminating one of the…
Americans have paid nearly $450 more per household on energy costs since the start of the Iran war, according to a Moody’s Analytics analysis shared exclusively with CNBC. The average household has spent $447.19 in additional fuel-related expenses since the conflict began on Feb. 28, with cumulative costs reaching nearly $60 billion nationally. Higher energy…
State law enforcement officers arrested a federal immigration agent in Texas on Friday, officials say, in connection with a nonfatal shooting in Minneapolis earlier this year. The arrest was carried out by agents from the Department of Homeland Security Office of the Inspector General and the Texas Rangers. The suspect, identified as Christian Castro, was…
Hayden Haynes, chief of staff to Speaker Mike Johnson, is departing the office in early June after years of service at the congressman’s side. Haynes has been one of Johnson’s longest-serving aides, building a working relationship that stretches back nearly a decade to Johnson’s first congressional campaign. Haynes originally joined Johnson as his campaign manager…
Rep. Frederica Wilson of Florida, a Democrat who has served in the House for 16 years, will not seek reelection in November, according to the Miami Herald. Wilson is set to formally announce her retirement at an event held in her South Florida district. The Miami Herald reported the news on Friday morning, ahead of…
The Los Angeles mayoral race has drawn significant national attention, evolving from a local contest into one of the more unconventional municipal races in recent memory. Mayor Karen Bass faces a challenge from 15 candidates in a nonpartisan primary that has captured the interest of political observers far beyond California. Among the field of challengers,…
President Trump took to social media Friday to mock former first lady Jill Biden following her candid interview remarks about the 2024 CNN presidential debate. Jill Biden revealed in the interview that she believed her husband was “having a stroke” during his widely criticized debate performance against Trump. Trump responded swiftly on social media, seizing…
The “No Kings” movement has announced plans for nationwide protests scheduled for June 14, which marks President Trump’s 80th birthday. The movement’s website outlines the motivation behind the planned demonstrations, framing them as a response to what organizers describe as a pivotal moment in American history. “The next 250 starts with us,” the movement’s website…
Minneapolis Federal Reserve President Neel Kashkari said Thursday that reducing inflation remains his top priority for the U.S. central bank. Kashkari made the remarks while speaking to CNBC’s Kaori Enjoji at the Bank of Japan-IMES Conference, where he outlined the Fed’s current policy thinking. He said the Fed would continue taking a “balanced approach” to…