12 states sue Trump over tariff actions

A dozen states sued the Trump administration in the U.S. Court of International Trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy. The lawsuit said the policy put in place by President Trump has been subject to his “whims rather than

Durbin retirement to prompt shakeup in Senate Democratic leadership

Washington — Sen. Dick Durbin announced Wednesday he won’t seek reelection in 2026, kickstarting a race for his long-held seat representing Illinois — and a broader shakeup of Democratic leadership in the Senate. Durbin, 80, has served since 2005 as the Democratic whip, the second-ranking position in Democratic leadership. First under former Democratic leader Harry

Treasury’s Bessent sees “an opportunity for a big deal” with China

Treasury Secretary Scott Bessent on Wednesday said the Trump administration has an “opportunity for a big deal” on trade between the U.S. and China, providing a hint that a brutal tariff war between the two nations could ease up. Bessent, who delivered the keynote address at the Institute of International Finance in Washington, D.C., today,