SmartNews

CNN host spooked by 'extremely bad news' delivered by guest: 'Very concerning'

CNN's Pamela Brown was unnerved by an analysis by Financial Times editor Ed Luce, who said the economy could take years to stabilize following president Donald Trump's tariffs.

Luce, the publication's U.S. national editor and columnist, said the double-digit tariffs on imports from dozens of trading partners would send prices soaring and shake the stock market, which would hit Americans who are planning to retire soon especially hard.

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GOP budget on thin ice as GOP hardliners blow off Trump orders: report

Hardline Republicans in the House of Representatives are close to tanking a budget blueprint passed by the United States Senate recently despite demands from President Donald Trump that they toe the line.

As reported by CNN's Manu Raju, Reps. Chip Roy (R-TX), Ralph Norman (R-SC), and Keith Self (R-TX) have all said they will vote against the Senate's budget blueprint, while Rep. Thomas Massie (R-KY), who has voted against every GOP budget measure so far, has also signaled his opposition.

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'Grow a spine': GOP slammed for move to block votes on Trump tariffs for six months

House Republicans faced backlash Wednesday for a rule that would prevent members of Congress from voting to block President Donald Trump's tariffs for at least six months.

NPR congressional correspondent Deirdre Walsh first reported that Republicans had included the provision in a rule needed for this week's vote on the budget. The new rule comes as Democrats were preparing to force a vote on the tariff policy.

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'I can't live with myself': GOP congressmen say they can't back Trump budget plans

President Donald Trump's budget plan likely won't pass its House vote Wednesday afternoon. That's because several GOP lawmakers will not be backing it, including Congressman Eric Burlison (R-MO).

“I can’t live with myself if I go back home and I added more debt and deficits without any kind of correction whatsoever,” Burlison told the New York Times. “I couldn’t live with myself.”

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GOP lawmakers rebel against 'unserious' Trump bill handed back from the Senate

About a dozen House Republicans were refusing to go along with the Senate's budget blueprint Wednesday that would give President Trump the "big beautiful bill" he has been wanting.

Trump tried to pressure Republicans to acquiesce by posting to social media Wednesday, writing, "It is IMPERATIVE that Republicans in the House pass the Tax Cut Bill, NOW! Our Country Will Boom!!!"

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Trump said he'd protect Social Security — Elon Musk is killing it from inside: employee

A ten-year civil servant at the Social Security Administration is asking why tech billionaire Elon Musk has made one of his first major targets the government agency working with remarkable efficiency despite funding cuts.

In an interview with The Daily Beast, Rennie Glasgow said, “We were getting the job done efficiently and effectively, until now."

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'Economists are pulling their hair out' as 'Trump holds a gun to US economy': analyst

President Donald Trump announced plans to enact "major" tariffs on imported pharmaceuticals, which sent global drugmakers' stocks plummeting and threatened to send drug prices soaring worldwide.

Most countries have imposed few or no tariffs on medicines as part of a 1995 World Trade Organization agreement, but Trump intends to end that exemption as part of his sweeping "reciprocal" tariffs against dozens of U.S. trading partners, and Yahoo senior finance columnist Rick Newman told "CNN News Central" the results would be disastrous.

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Republican stammers while pushing for budget he called 'unserious' and 'disappointing'

Rep. Jodey Arrington (R-TX) admitted pushing for a budget bill that he earlier had called "unserious" and "disappointing."

During a Wednesday House Rules Committee hearing, Rep. Joe Neguse (D-CO) forced Arrington, the Budget Committee chair, to admit that he was advocating for the House to bring the Senate's budget bill for a vote despite criticizing it.

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'Blatantly lying': Economists whack Trump official's attempt to blame Biden for turmoil

Trump Treasury Secretary Scott Bessent on Wednesday tried to shrug off turmoil in the American economy by placing the blame for any troubles on former President Joe Biden.

During an appearance on Maria Bartiromo's show on Fox Business, Bartiromo grilled Bessent about the CEO of a major company who told her recently that they believed the United States had already entered an economic recession.

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Trump will find it 'difficult to portray' judge who ruled against him as a liberal: expert

The flood of lawsuits against President Donald Trump's administration has focused mainly on the fired workers and the mass deportations. However, the Associated Press was still fighting to regain access to the White House pool events.

The AP announced that, under its stylebook, it will not recognize the Gulf of Mexico as the Gulf of America, which was changed via Trump executive order upon entering office. This prompted the new president to remove the AP from Air Force One, any Oval Office meetings, and the East Room of the White House.

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'Situation is unacceptable': MAGA fans beg Trump to reconsider his latest trade policies

President Donald Trump posted to social media on Wednesday encouraging manufacturers to move their plants to the United States in keeping with his economic goal of reviving local industry.

"This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing," Trump posted on Truth Social Wednesday. "ZERO TARIFFS, and almost immediate Electrical/Energy hook ups and approvals. No Environmental Delays. DON’T WAIT, DO IT NOW!"

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'A bit concerning': Ex-Trump insider spills dirt about adviser who is 'steering the ship'

Peter Navarro was considered something of a nuisance during Donald Trump's first presidency, according to former White House aide Alyssa Farah Griffin, so she's a bit surprised to see him playing a key role in tariff decisions.

Trump's billionaire adviser Elon Musk and Navarro have been publicly trading insults as their tariff feud spills into view, but Griffin told "CNN News Central" she doesn't expect the president to cut either one of them loose as his newly enacted policy shakes up global markets.

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Trump tries to bolster his case with quote by man who just predicted a recession

Wednesday Morning, JPMorgan CEO Jamie Dimon told Fox Business's Maria Bartiromo "I hope what they really do is... get those [tariff deals] done quickly, if they want to calm down markets, show progress on those things."

The renowned financier also noted, "I'm taking a calm view, but I think it could get worse if we don't make some progress here."

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