Elon Musk and SpaceX are big winners in Donald J. Trump’s 2026 spending plan. President Trump is delivering on Mr. Musk’s wish list at both NASA and the Pentagon to reorient federal spending on space in a way likely to drive billions of dollars in new business to Mr. Musk’s space technology company, if Congress signs off on the budget …
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Two Scientific Groups Say They’ll Keep Working on U.S. Climate Assessment
The Trump administration last week dismissed the nearly 400 authors of the nation’s flagship climate report, saying in an email that the scope of the report was being reviewed. The move threw the future of the report, known as the National Climate Assessment, into limbo. On Friday, two major U.S. scientific organizations, the American Geophysical Union and the American Meteorological …
Read More »U.S. and China Dig In on Trade War, With No Plans for Formal Talks
As trade tensions flared between the world’s largest economies, communication between the United States and China has been so shaky that the two superpowers cannot even agree on whether they are talking at all. At a White House economic briefing this week, Treasury Secretary Scott Bessent demurred multiple times when pressed about President Trump’s recent claim that President Xi Jinping …
Read More »U.S. Prosecutors Accuse Large Insurers of Paying Kickbacks for Private Medicare Plans
The Justice Department on Thursday accused three of the nation’s largest health insurers of paying hundreds of millions of dollars in illegal kickbacks over several years to insurance brokers that steered people into private Medicare plans. Federal prosecutors also accused two of the insurers of colluding with brokers to discriminate against people with disabilities, by discouraging enrollment in the private …
Read More »Kennedy Issues Demands for Vaccine Approvals That Could Affect Fall Covid Boosters
Health Secretary Robert F. Kennedy Jr. announced a plan that would require placebo-controlled studies for all new vaccines, surprising some experts who noted that such testing already routinely took place. In a statement, Andrew Nixon, a spokesman for the Department of Health and Human Services, said that “all new vaccines will undergo safety testing in placebo-controlled trials” before approval, and …
Read More »Trump Administration Cancels $1 Billion in Grants for Student Mental Health
The Trump administration has halted $1 billion for mental health services for children, saying that the programs funded by a bipartisan law aimed at stemming gun violence in schools were no longer in “the best interest of the federal government.” Lawmakers authorized the money in 2022 after a former student opened fire at an elementary school in Uvalde, Texas, killing …
Read More »GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said that the Trump administration’s tariffs would increase its costs by $4 billion to $5 billion this year. In a conference call with analysts, G.M. executives said the company now expects to make $8.2 billion to $10.1 billion this year, down from a previous …
Read More »Here’s What 7 Americans Think of Trump’s First 100 Days
The first 100 days of President Trump’s second term have been a whirlwind of action, with the imposition of steep tariffs worldwide, the detention of immigrants and deep cuts to the federal work force. The New York Times has been talking with a group of voters who all cast their ballots in last November’s election with some trepidation. While they …
Read More »White House-Amazon Spat Culminates in Trump Calling Bezos ‘Very Nice’
President Trump’s 100th day in office started with what seemed to be a fresh and fast-escalating spat between the White House and Amazon. Karoline Leavitt, the White House press secretary, came out swinging in her press briefing on Tuesday morning, accusing Amazon of being “hostile and political” after a report — disputed by the company — from Punchbowl News saying …
Read More »New Data Provide a Pre-Tariff Snapshot of a Stable but Slowing Labor Market
The labor market remained sound in March, with job openings declining but layoffs remaining near record lows, while rates of new hiring were slow but steady, according to data released by the Bureau of Labor Statistics on Tuesday. The numbers from last month are a snapshot of the state of the U.S. economy and labor market before the start of …
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