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
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
Washington — A federal appeals court is set to convene Thursday to consider 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 will hear arguments in the Trump administration’s appeal of a ruling from a trade-focused lower
Most of the more than 109,000 arrests carried out by U.S. Immigration and Customs Enforcement during the first five months of President Trump’s second term took place in border and Southern states, according to a CBS News analysis of government data. States in the southern U.S., as well as those along the border with Mexico,
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
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.
President Trump announced Wednesday he has struck a trade deal with South Korea. Mr. Trump wrote on Truth Social that South Korean goods will face a 15% tariff — lower than the 25% he threatened earlier this month — while U.S. imports to South Korea will not face tariffs. He said South Korea will be “OPEN TO TRADE” and