Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats against allies and foes alike, and haggling over how to get a Republican budget through a narrowly divided Congress. Business leaders and corporate investors are confident that things will turn out fine, at least for them. “Markets aren’t showing all …
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Trump Tariffs Threaten to Upend Global Economic Order
President Trump’s move this weekend to slap sweeping tariffs on Canada, Mexico and China is threatening to fracture the global trading system and a world economic order that once revolved around a U.S. economy that prized open investment and free markets. The speed and scope of the import duties that Mr. Trump unveiled in executive orders on Saturday prompted widespread …
Read More »Federal Debt Is Now Worrying Even Progressives
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt, which is near a record level relative to the size of the economy. But this time, the G.O.P. had company: Progressive economists and budget wonks, who have often dismissed finger-wagging about debt levels as a pretext for …
Read More »Trump Reinstates Longstanding Republican Anti-Abortion Policy
President Trump on Friday reinstated a longstanding Republican anti-abortion policy known as the “Mexico City Rule,” which bars federal funding from going to any overseas nongovernmental organization that performs or promotes abortions. The move came after he addressed thousands of abortion opponents in Washington on Friday to mark the 52nd anniversary of the Supreme Court’s 1973 decision in Roe v. …
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