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US stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday. The rout on Wall Street started early on Monday, with all three major indexes opening sharply in the red. US stocks slid throughout the day and, despite a brief afternoon rally, closed in the red. The Dow closed lower by 890 points, or 2.08%, pulling back from a loss of more than 1,100 points at one point. Click here for the full story.
As departments across the federal government in the Trump administration rapidly downsize their workforces, one office keeps getting bigger. Top White House adviser Elon Musk said the Department of Government Efficiency that he oversees has expanded to "pretty much" every department and is set to grow to about 200 employees, up from about 100 federal workers who currently work for DOGE. Click here for more on this story.
Click here to read about how when Mary Cooper downsized her home, she brought boxes of her late mother’s belongings to her new home. Sorting through them after the move, Cooper, 81, discovered an artifact — a library book 99 years past due.
Sens. Tammy Duckworth of Illinois and Andy Kim of New Jersey plan to introduce the Protect Veteran Jobs Act in the Senate on Monday. The bill would compel the Trump administration to reinstate veterans impacted by recent mass layoffs by Musk's DOGE, according to a copy of the proposal obtained by ABC News. Click here for more on this story.
Since late January, 146 cases of measles have been identified in West Texas, according to the Texas Department of State Health Services. Twenty patients have been hospitalized, and a school-age child who wasn’t vaccinated against measles died. Measles outbreaks have since spread to other parts of the U.S. including New Mexico, New Jersey and Georgia, according to USA Today Click here for the latest.
Click here to read about how the S&P 500 tumbled 1.8% to resume its slide after a mini-recovery from the prior day clawed back some of its sharp drop over recent weeks. The Dow Jones Industrial Average dropped 427 points, or 1%, and the Nasdaq composite sank 2.6% to finish more than 10% below its record set in December. Stocks fell even though President Trump offered a one-month reprieve from his 25% tariffs.
Click here to read about how the U.S. Defense Secretary Pete Hegseth used fighting words against one of the U.S. biggest adversaries as the trade war between the U.S. and China escalates. Appearing on Fox & Friends on Wednesday morning, the Pentagon chief claimed the U.S. is 'prepared' to go to war with China. Hegseth made the comments in response to a question about a post on X by the Chinese Embassy in the U.S.
Republicans pushed Elon Musk on Wednesday in a pair of private meetings to move his efforts to slash federal spending and the federal workforce through Congress, as lawmakers vie for a seat at the table in the sweeping effort to overhaul government.
It’s a sign that Republicans are looking to reassert their power of the purse in the months ahead. Click here for more.
In August 2024, then-candidate former President Donald Trump delivered a press conference surrounded by packaged foods, meats, produce, condiments, milk and eggs.
“When I win, I will immediately bring prices down, starting on Day One,” he said at the time. Click here to read about what he said as a candidate.
But now, with tariffs, Americans will not see a reduction but an increase in prices if trade war escalates. Americans won’t necessarily feel the effects of tariffs immediately but the import taxes could raise prices of just about everything, especially given that over 40% of the goods America imported last year came from the nations Trump targeted. Click here to read more about how the prices will be affected.
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