Stock Market Rout Deepens on Virus Worries
The Dow Jones industrial average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
US News
In Victory For Trump, Appeals Court Says Feds Can Withhold Grants From Sanctuary Cities
The Second Circuit Court of Appeals ruled Wednesday that the Trump administration can withhold federal funds from sanctuary jurisdictions for refusing to cooperate with immigration authorities in a decision that will likely trigger a Supreme Court review.
CDC announces first US case of coronavirus with ‘unknown’ origin
Officials on Wednesday announced a new case of coronavirus in California, which could be the first known instance in the United States of the virus spreading among the general public.
Democrats defeat 20-week abortion ban and bill requiring care for abortion survivors
Democrats defeated two measures Tuesday aimed at highlighting late-pregnancy abortions, in votes raised by Republican leaders ahead of the 2020 elections to put their opponents on the record over a controversial practice.
Stocks Plunge for Second Day as CDC Warns Americans About COVID-19, Chance of Severe Illnesses
Stocks slumped again on Wall Street Tuesday, driving the S&P 500 down 3%, piling on losses a day after the market’s biggest drop in two years as fears spread that the growing coronavirus COVID-19 outbreak will put the brakes on the global economy.
Wall Street plunges on fears of coronavirus pandemic
The S&P 500 and the Dow Jones Industrial Average on Monday suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic.
Federal appeals court upholds abortion referral ban at federally funded clinics
A federal appeals court in San Francisco on Monday upheld a Trump administration revised rule banning federally funded family planning clinics from referring women for abortions.
Judge Says Christian Prof’s Beliefs ‘Not Protected Under the First Amendment’
A Christian professor has lost his lawsuit against an Ohio university after he was reprimanded for refusing to address a biological male student who identifies as female with the proper pronouns.
Democratic panic over Sanders reaches fever pitch as socialist candidate cements front-runner status
Tensions between Democratic Party loyalists and Vermont Sen. Bernie Sanders are reaching a boiling point as the democratic socialist cemented his front-runner status for the party’s 2020 presidential nomination.
Appeals court blocks Mississippi ‘heartbeat’ abortion ban
A federal appeals court has temporarily blocked a Mississippi law that would ban abortions after six weeks into a pregnancy.
Fed calls coronavirus ‘a new risk to the global growth outlook’
The Federal Reserve considers its current policy stance as appropriate ‘for a time’ despite the coronavirus outbreak presenting a new threat to the global economy, minutes of the Federal Open Market Committee meeting held in January revealed on Wednesday.
Top health official warns coronavirus nearing ‘global pandemic’ as 40 Americans test positive on cruise ship
A top health official said that the coronavirus might become a ‘global pandemic’ soon if it is not contained while confirming that 40 additional Americans have been infected.
US House Acts to Remove Deadline for Equal Rights Amendment
In a bid to revive the Equal Rights Amendment, the House has approved a measure removing a 1982 deadline for state ratification and reopening the process to amend the Constitution to prohibit discrimination based on sex.
Senate Passes Bipartisan War-Powers Resolution to Limit Trump’s Ability to Attack Iran
The Senate voted 51-45 on Wednesday to pass a War Powers resolution aimed at curtailing President Trump’s ability to wage war against Iran, with eight Republicans voting with the Democrat-led measure in a bipartisan —but likely symbolic — check against the White House.
US budget deficit on track to hit $1 trillion for first time since 2012
The US budget deficit swelled at the beginning of 2020 even as the economy continued to grow at a steady pace.
Efforts Under Way in US Senate to Limit Trump’s Iran War Powers
U.S. lawmakers are poised to revive the debate over ground rules for a potential conflict with Iran, more than five weeks after President Donald Trump ordered the airstrike that killed Iranian general Qassem Suleimani.
Household Debt Hits Record High of $14.1 Trillion
U.S. household debt set a new record in the final quarter of 2019, the Federal Reserve Bank of New York said in a report (pdf) on Tuesday, climbing to a historic peak of $14.1 trillion.
President’s budget plan aims to cut deficit by $4.6 trillion in 10 years, balance budget in 15
President Donald Trump’s $4.8 trillion budget proposal presented to Congress today boosts funds for the military and veterans and implements mandatory reforms for all agencies in an attempt to cut the deficit by $4.6 trillion over the next decade.
Barr announces sweeping new sanctions, ‘significant escalation’ against left-wing sanctuary cities
Charging that so-called ‘sanctuary’ cities that protect illegal immigrants are jeopardizing domestic security, Attorney General Bill Barr announced a slew of additional sanctions that he called a ‘significant escalation’ against left-wing local and state governments that obstruct the ‘lawful functioning of our nation’s immigration system.’
Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid
The White House on Sunday unveiled a $4.8 trillion budget proposal that would slash spending dramatically on foreign aid and social safety nets, while including $2 billion for a southern border wall and substantially boosting funding to NASA, the Department of Veterans Affairs and the Department of Homeland Security.