The bedrock of the financial system trembled on Friday, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the full faith of the American …
Read More »Tag Archives: United States Politics and Government
White House Plan Calls for NOAA Research Programs to Be Dismantled
Trump administration officials are recommending the elimination of the scientific research division at the National Oceanic and Atmospheric Administration, according to internal documents obtained by The New York Times and several people with knowledge of the situation. The proposal from the Office of Management and Budget would abolish the Oceanic and Atmospheric Research office at NOAA, one of the world’s …
Read More »What to Know About Who Pays the Higher Costs of Trump’s Tariffs
President Trump’s latest tariffs are about to become an unavoidable and expensive reality for American businesses and for people who rely on foreign goods. Shoppers buying clothes from retailers in China might soon pay more than twice as much, now that a special exemption for lower value imports is disappearing. And companies involved in international trade must now make even …
Read More »Trump’s New Way to Kill Regulations: Because I Say So
President Trump this week directed 10 federal agencies — including the Environmental Protection Agency, the Energy Department and the Nuclear Regulatory Commission — to implement a novel procedure to scrap a wide array of longstanding energy and environmental regulations. He told agencies that oversee everything from gas pipelines to power plants to insert “sunset” provisions that would cause regulations to …
Read More »Trump Administration Delays Plan to Limit Pricey Bandages
The Trump administration announced Friday it would delay the implementation of a Biden-era rule meant to restrict coverage of unproven and costly bandages known as skin substitutes. The policy will be delayed until 2026, allowing companies to continue setting high prices for new products, taking advantage of a loophole in Medicare rules. The companies sell those bandages at a discount …
Read More »Miami-Dade Mayor Vetoes Plan to Remove Fluoride From Drinking Water
The mayor of Miami-Dade County on Friday said she would veto legislation that would remove fluoride from the drinking water in Florida’s most populous county, pushing back on a growing campaign against the mineral used to prevent cavities. The veto by Mayor Daniella Levine Cava, a Democrat, comes at a moment when critics of adding fluoride to the water supply …
Read More »Experts Doubt Kennedy’s Timetable for Finding the Cause of Autism
Robert F. Kennedy Jr., the nation’s health secretary, pledged on Thursday to seek out experts globally to discover the reasons for the increasing rates of autism in the United States. “We’ve launched a massive testing and research effort that’s going to involve hundreds of scientists from around the world,” Mr. Kennedy announced at a cabinet meeting held by President Trump. …
Read More »She Worked in a Harvard Lab to Reverse Aging, Until ICE Jailed Her
A shift in the atmosphere Ms. Petrova’s return flight from Paris landed in Boston on the evening of Feb. 16. As the plane sat on the tarmac, she texted back and forth with Dr. Peshkin, trying to confirm how she should handle the package in customs. But by then, the passengers were already filing off the plane, he said, and …
Read More »The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.
When Congress voted to normalize trade relations with China at the beginning of this century, U.S. manufacturers braced for a stream of cheap goods to begin flowing into U.S. ports. Instead, they got a flood. Imports from China nearly tripled from 1999 to 2005, and American factories, with their higher wages and stricter safety standards, couldn’t compete. The “China shock,” …
Read More »Challenge to Trump’s Tariffs Funded by Groups Linked to Charles Koch and Leonard Leo
Among those opposed to President Trump’s tariffs on imports from China: a legal group funded by some of the biggest names in conservative politics. Last week, a Florida business owner challenged the Trump administration’s moves in court, arguing that her company, Simplified, which makes notebooks and planners, was harmed by the dramatic trade war with China that has only deteriorated …
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