PCE report shows U.S. inflation rose last month amid tariff hikes

The Federal Reserve’s preferred inflation measure — the Personal Consumption Expenditures, or PCE — ticked higher last month, signaling that President Trump’s tariffs are pushing some prices higher. Prices rose 2.6% in June compared with a year ago, the Commerce Department said Thursday, up from an annual pace of 2.4% in May. Excluding the volatile

Trump’s tariffs face major test before federal appeals court today

Washington — A federal appeals court is considering Thursday President Trump’s use of an emergency powers law to impose sweeping tariffs on nearly every U.S. trading partner. The U.S. Court of Appeals for the Federal Circuit is hearing arguments in the Trump administration’s appeal of a ruling from a trade-focused lower court that found the president

Cuts at a little-known federal agency pose trouble for local health programs

A little-known federal agency that sends more than $12 billion annually to support community health centers, addiction treatment services, and workforce initiatives for America’s neediest people has been hobbled by the Trump administration’s staffing purges. The cuts are “just a little astonishing,” said Carole Johnson, who previously led the Health Resources and Services Administration. She

Texas Democrats slam GOP redistricting plan as “grossly unfair” and “deeply undemocratic”

Top Texas Democrats are sounding the alarm over a GOP plan to redraw Texas’ congressional maps, warning in interviews with CBS News it would dramatically dilute minority representation in the Lone Star State and set off a nationwide ripple effect. Republican state lawmakers unveiled a draft congressional map on Wednesday that would turn five U.S.