What’s in the Senate’s version of Trump’s spending bill — and who stands to benefit

U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | Reuters After weeks of sparring over the specifics of the “one big, beautiful bill,” the package is poised to soon head to…

Trump loses latest bid to get Central Park Five defamation lawsuit tossed

U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner and Rwanda’s Foreign Minister Olivier Nduhungirehe in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | Reuters A federal judge on Friday dealt another blow to President Donald Trump’s…

GOP Rep. Don Bacon to retire, Omaha swing district now a top target for Dems

Rep. Don Bacon, R-Neb., talks with reporters after a meeting of the House Republican Conference in the U.S. Capitol on Tuesday, November 14, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rep. Don Bacon, a centrist Republican in Nebraska, is preparing to announce his retirement from Congress. Bacon’s retirement from Congress creates a…

Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year

U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters All the major banks passed the Federal Reserve‘s annual “stress tests” of the financial system, the central bank said Friday,…

California Gov. Newsom sues Fox News for $787M, alleges defamation about Trump call

California Gov. Gavin Newsom sued Fox News on Friday, seeking damages of at least $787 million from the conservative network for allegedly defaming him by making misleading comments about a phone call with President Donald Trump. “No more lies,” Newsom wrote in a tweet that announced his lawsuit, which the Democrat filed in Superior Court…