Workers are still waiting for Trump’s campaign promise to end tax on tips – CBS News Watch CBS News Congressional budget writers are trying to put the final framework together on President Trump’s massive $4.5 trillion tax cut plan. But finding the additional spending cuts is proving difficult. Andres Gutierrez reports that service workers are
Breaking down the release of Columbia student from ICE detention – CBS News Watch CBS News Mohsen Mahdawi, a Palestinian Columbia University student who had been detained by immigration authorities when he went to his U.S. citizenship interview, has been released after a federal judge’s order in Vermont. Camilo Montoya-Galvez has more, plus the latest
Why the U.S. economy shrank in the first quarter – CBS News Watch CBS News U.S. economic growth slowed sharply in the first quarter of 2025 as businesses rushed to stockpile goods ahead of President Trump’s sweeping tariff policies. Kelly O’Grady has more. View CBS News In Be the first to know Get browser notifications
Ukrainian and U.S. officials have signed a joint economic investment deal that includes granting the U.S. access to Ukrainian rare earths minerals, the Treasury Department announced Wednesday. A Treasury Department press release said the two countries have agreed to establish a “United States-Ukraine Reconstruction Investment Fund,” referring to it as an “economic partnership.” The statement did
Washington — An effort aimed at blocking President Trump’s “Liberation Day” tariffs in the Senate amid anxiety over how the wide-ranging tariffs could disrupt the U.S. economy fell short on Wednesday, with Senate Republicans largely united in their opposition. In a 49 to 49 vote, all but three Republicans opposed the measure, in a victory
Will Trump tariffs boost U.S. manufacturing? Will Trump tariff plan actually boost U.S. manufacturing? 05:12 As concerns mount about the economic fallout from steep U.S. tariffs on key trade partners, President Trump is highlighting what he says is a major benefit of stepped-up import duties: corporate investment in the U.S. The White House on Wednesday
Despite promises to cut spending during the campaign and his first few months in office, President Trump‘s federal government has spent more than $200 billion more in his first 100 days compared to the same time period last year. In fact, the government is now spending more, day to day, than was spent in nine