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The Republican budget law that passed earlier this month—which hands out lavish tax breaks to the wealthiest Americans—will result in increased taxes on the poorest 40% of the country's poorest as early as 2026.

Many low-income Americans will already see net losses to their income due to the law's drastic cuts to Medicaid and food stamps. However, most of those cuts will not begin to hit for multiple years.

An advisor to former President Joe Biden warned President Donald Trump on Thursday that his administration could soon lose the Artificial Intelligence race to one of the country's rivals.

Ben Buchanan was the White House special advisor on AI for Biden. During Biden's term, the administration placed restrictions on AI chip sales to China to maintain a competitive advantage over the country. Trump unveiled his AI Action Plan yesterday during a summit with tech CEOs and company representatives, a plan that allows China to purchase AI chips from American companies like Nvidia.

MAGA-aligned commissioners on the Federal Communications Commission approved the $8 billion merger between Paramount and Skydance Media on Thursday, according to a press release.

The deal includes the CBS broadcast television network, Paramount Pictures, and the Nickelodeon channel. FCC Commissioner Brendan Carr, who wrote in Project 2025 about how to revamp the agency he leads, said the deal also requires Skydance to adopt new policies that can "root out the bias that has undermined trust in the national news media."

MSNBC's Nicolle Wallace welcomed Hollywood insider and Deadline executive editor on to laugh about the Comedy Central show "South Park" making fun of President Donald Trump, along with their parent network, Paramount.

Dominic Patten explained that behind the scenes, "South Park" was set to make its season premiere on July 9, but was embroiled in a legal battle with Paramount/CBS over the merger with Skydance Media, which totaled approximately $8 billion.

The new revelation from the Wall Street Journal that President Donald Trump was informed by Attorney General Pam Bondi in May that his name was in the files on the Jeffrey Epstein sex trafficking case lines up suspiciously with an "abrupt shift" in the way the administration started messaging about the issue, Aaron Blake wrote for CNN on Thursday.

"That doesn’t mean there’s been a cover-up of any actual Epstein-related misconduct by Trump; there remains no real evidence of that. But the administration clearly started downplaying the Epstein information – in a rather abrupt shift – around the same time Trump was told his name appeared in the files," reported Blake. Furthermore, sources with inside knowledge "told CNN the files appeared to include several unsubstantiated claims about Trump and others that the Justice Department found not to be credible."

Republicans in Congress may have voted to defund publicly funded media outlets in the United States, but American citizens are trying to fill the gap.

The New York Times reports that donations to public media have surged ever since the GOP voted to eliminate $550 million in annual funding for the Public Broadcasting Service (PBS) and National Public Radio (NPR).

CNN host Kassie Hunt was caught off guard on Thursday after a Democratic lawmaker and GOP strategist got into a heated argument on her show.

Rep. Greg Landsman (D-OH) and GOP strategist Brad Todd joined Hunt on "The Arena with Kassie Hunt" to discuss the news of the day, which included Trump visiting the Federal Reserve headquarters to check out the renovation project. The conversation quickly escalated after Landsman claimed Republicans shut down the House of Representatives to avoid a bipartisan vote to release the Jeffrey Epstein files.

U.S. Supreme Court Justice Elena Kagan spoke out Thursday against President Donald Trump's criticism of judges at a conference in Monterey, California.

Speaking to the crowd of lawyers and judges, Kagan said they should ignore the criticism and simply follow the law.

A tense exchange unfolded Thursday on CNN when Brianna Keilar pressed Rep. Robert Garcia (D-CA) on the political risks associated with efforts to compel the Justice Department to release files on Jeffrey Epstein, the convicted sex offender who died in 2019 awaiting trial on sex-trafficking charges.

House Democrats succeeded Wednesday in adopting a measure to subpoena the DOJ for files on Epstein in the House Oversight Subcommittee, and to compel Epstein associate Ghislaine Maxwell to testify, with the support of a few House Republicans. On Thursday, Garcia sent a letter to Rep. James Comer (R-KY), chair of the House Oversight Committee, urging him to support the measure further.

A Canadian man is accusing the United States Coast Guard of capsizing his boat and illegally detaining him on bogus claims that he was fishing in American waters.

CTV News reported Wednesday that 60-year-old Edouard Lallemand of Quebec says he was fishing near Venise-en-Québec, which is a little less than 10 miles from the U.S. border when a U.S. Coast Guard boat approached him and asked him to turn off his boat's engine.

The internet lit up Thursday afternoon as Federal Reserve Chair Jerome Powell gave President Donald Trump a stunning fact-check during a tour of the renovated Federal Reserve headquarters.

Trump insisted that the project's total cost had soared from $2.7 billion to $3.1 billion, a figure that Powell said he "didn't hear from anyone at the Fed." Trump then handed Powell a piece of paper that supposedly showed where the cost overruns occurred, to which Powell scoffed and told Trump his figures include a renovation project that ended five years ago.

President Donald Trump attempted to claim that the Federal Reserve had ballooned its renovation to over $3 billion. But Federal Reserve Chairman Jerome Powell fact-checked him in real time on national television.

During a Thursday tour of the building, Trump claimed that the cost was $3.1 billion, and Sen. Tim Scott (R-SC), standing to Trump's right, could be overheard claiming some reports say $3.2 billion.

CNN's Alayna Treene tried to keep up in response to President Donald Trump's heated press conference alongside Federal Reserve Chairman Jerome Powell, after his apparent attempt to demonize the U.S. central banker over agency building renovations blew up in his face in a moment fellow correspondent Kaitlan Collins deemed "remarkable."

"I think it's worth noting, by the way, that the markets are closed, because they do not really like it when Donald Trump suggests that perhaps he's going to throw Jerome Powell out of a job, but there you have it," said anchor Kasie Hunt. "What do you make of what we just saw, and what has your reporting been?"