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Balanced Reporting. Trusted Insights.
Monday, April 07, 2025
The Senate early Saturday advanced a budget framework for sweeping tax and spending cuts after debating Democratic amendments on tariffs, Medicaid and the Supplemental Nutrition Assistance Program.
There is continued handwringing on Capitol Hill over the president’s vast new duties on U.S. trade partners. Senators have launched a bipartisan bid to claw back some congressional oversight of U.S. trade policy less than 24 hours after the “Liberation Day” announcement.
Just hours after President Trump announced sweeping new duties on U.S. trade partners, multiple senators from his own party sided with Democrats to rebuke his trade policy.
Staffing cuts affecting thousands of employees at the Food and Drug Administration could endanger the agency's ability to protect Americans’ health, according to former top FDA officials and some public health experts.
Senate Republicans released a new budget blueprint that leaves critical fights over spending cuts and key questions about farm bill programs until later and assumes the GOP doesn’t have to pay for the cost of permanently extending expiring provisions of the 2017 tax law.
President Donald Trump is set to unveil the largest tariff announcement of his presidency today, in what he has dubbed “Liberation Day” in America. But those hoping for some runway to prepare for new duties may be disappointed. The White House says the new tariffs will come into play immediately.
Welcome to another tariff deadline week in Washington. President Donald Trump says Wednesday is “the big one.” That’s when he’s expected to unveil his plan for reciprocal duties on U.S. trade partners that apply higher tariff rates than the U.S., although the messaging around the scope of the new duties has been mixed.