After pulling an all-nighter, the Senate passed a budget blueprint
Early on Saturday, Republican senators ...
Early on Saturday, Republican senators advanced a budget resolution that gets the president’s 2017 tax cuts one step closer to becoming permanent. It also includes funds for “a transformational investment in our border, national, and energy security,” Senate Majority Leader John Thune said. The plan would also raise the US’ debt ceiling to $5 trillion to avoid defaulting later this year. The House of Representatives will have to pass an identical resolution in order to access reconciliation and avoid a filibuster by Democrats on the path to enacting the plan. But that may not work, as some House Republicans are calling for $1.5 trillion in federal spending cuts, while the Senate’s resolution plans for just $4 billion. Key provisions of the Tax Cuts and Jobs Act of 2017 will expire on Dec. 31, 2025, if additional legislation isn’t passed.
What else is new, right? On Wednesday, President Trump’s ...
What else is new, right? On Wednesday, President Trump’s “reciprocal” tariffs will go into effect on virtually every region of the world, even those without human inhabitants. In non-penguin geopolitical news, Thursday’s consumer price index reading will show inflation rates for March, setting a baseline ahead of expected price hikes from the trade war. And on Friday, big banks like JPMorgan kick off earnings season, which will be closely watched for what CEOs say about the tariff impacts on their businesses.
Food is still dirt cheap at The Masters: In golf news,...
Food is still dirt cheap at The Masters: In golf news, Scottie Scheffler and Rory McIlroy are the favorites to win The Masters, a “tradition unlike any other” that begins on Thursday in Augusta, GA. We know what’s important here—let’s talk concessions. The pimento cheese and egg salad sandwiches are still just $1.50 each, holding steady since 2002. But there’s also innovation, as a savory tomato pie debuts on the menu for $3. When it comes to libations, beer and wine remain $6 apiece after they increased from $5 last year. Back in 2000, beer was $1.75, or seven ball markers.
A second child died in the Texas measles outbreak. HHS Secretary Robert F. Kennedy Jr., who has voiced vaccine skepticism in the past, visited the girl’s hometown and attended her funeral. In an X post, he wrote, “The most effective way to prevent the spread of measles is the MMR vaccine.”
Meta debuted the first two AI models built from its latest Llama 4 software and hinted at the impending release of a more powerful one.
Bitcoin fell below $79,000 yesterday, 39% off the all-time high it set in January.
The UConn Huskies triumphed over South Carolina in the women’s NCAA championship to claim their 12th title, making them the winningest team in college basketball history.
Kevin Bacon said it “sucked” to lose the money he invested with Bernie Madoff.
U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
U.S. oil prices dropped below $60 a barrel on Sunday...
U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.
Futures tied to U.S. West Texas intermediate crudefell more than 3% to $59.78on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.
Worries are mounting that tariffs could lead to higher prices for businesses, a slowdown in economic activity that would ultimately hurt demand for oil.
Dow, S&P 500, Nasdaq on track for Monday plunge after last week's tariff-induced rout
U.S. stock-index futures fell sharply Sunday night, pointing to a painful start...
U.S. stock-index futures fell sharply Sunday night, pointing to a painful start to the week on Wall Street after last week's historic selloff sparked by President Donald Trump's tariff measures.
