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Congress Grapples with Social Security's Financial Crisis, Potential Benefit Cuts Loom

Congress Grapples with Social Security's Financial Crisis, Potential Benefit Cuts Loom

Social Security is facing a significant financial crisis, with the latest Trustees' Report indicating a potential 22% benefit cut in just six years. This looming reduction stems from the program consistently spending more than it collects since 2021. While this situation has generated recent headlines, it is not new to Washington, as Congress has been aware of the program's financial trajectory. Lawmakers are now beginning to propose various solutions to ensure the program's sustainability. However, historical patterns suggest that a definitive fix might still be several years away, as past Social Security crises, such as in the 1980s, were only resolved shortly before benefit cuts were set to take effect.

Trump to pause tariffs on ground beef imports in bid to lower prices

Trump to pause tariffs on ground beef imports in bid to lower prices

President Trump announced plans to lower tariffs on imported ground beef, upsetting some of his own supporters in cattle ranching states.

What to know about Trump's 50% tariffs on Canadian goods that just went into effect

What to know about Trump's 50% tariffs on Canadian goods that just went into effect

After trade negotiations crumbled down to the eleventh hour, U.S. President Donald Trump’s 50% tariffs on scores of Canadian imports kicked in Saturday

U.S. Representative Marie Gluesenkamp Perez Faces Criticism Over Voting Record and Public Image

U.S. Representative Marie Gluesenkamp Perez Faces Criticism Over Voting Record and Public Image

U.S. Representative Marie Gluesenkamp Perez is facing scrutiny regarding her voting record and public image, particularly from critics like Lars Larson. Larson, a resident of Washington’s 3rd Congressional District, argues that Perez's votes on key legislation contradict the blue-collar image she has cultivated. Specifically, Larson highlights Perez's 'NO' votes on the SAVE Act, which would require voter ID and citizenship in elections, and on extending significant tax cuts. He contends that these votes do not align with the interests of average families or her constituents. Larson also points to Perez's educational background, noting her graduation from a private college with high tuition, and suggests her role in her auto repair shop is primarily administrative, despite her public presentation. This criticism comes as progressive activists in Seattle have reportedly engaged in door-knocking campaigns in Centralia to support her, indicating a broader political landscape surrounding her representation.

Kennedy Center Board Accused of Defying Court Order on Trump Renaming

Kennedy Center Board Accused of Defying Court Order on Trump Renaming

A Democratic congresswoman has accused the Kennedy Center board of openly defying a federal court order that barred the renaming of the Washington performing arts venue for President Trump. Rep. Joyce Beatty (D-Ohio) filed a court document stating that the board's recent resolution to add President Trump's name back to the building, below the existing name, constitutes a "new and breathtaking act of defiance of Congress and of this Court." This action follows a May ruling by Judge Christopher Cooper of the U.S. District Court for the District of Columbia, which ordered the removal of President Trump's name, asserting that federal law clearly designates the center as a memorial to President John F. Kennedy. The board also voted to close the center for two years, a decision Judge Cooper had previously found to be based on a "one-sided presentation of information."

US imposes 50% tariffs on $20 billion worth of Canadian products, and Canada says it will retaliate

US imposes 50% tariffs on $20 billion worth of Canadian products, and Canada says it will retaliate

The United States is imposing 50% tariffs on $20 billion worth of Canadian products after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies

Vance will campaign at the Ohio steel plant where his grandfather once worked

Vance will campaign at the Ohio steel plant where his grandfather once worked

Vice President JD Vance is returning to his hometown Friday to campaign for Republican candidates at a steel plant where his grandfather worked

Treasury buyback renews dollar-debasement fears

Treasury buyback renews dollar-debasement fears

By Karen Brettell NEW YORK, Aug 21 (Reuters) - The U.S. Treasury's move to expand purchases of older long-dated bonds has revived a familiar worry in foreign-exchange markets: if Washington will not let borrowing costs rise, will the dollar end up absorbing the adjustment instead?

Trump urges court to reject BBC's bid to secure records from his family in defamation case

Trump urges court to reject BBC's bid to secure records from his family in defamation case

President Donald Trump has urged a federal judge to reject the BBC’s request for the court’s help in securing testimony and documents from three members of the president’s family in response to his $10 billion defamation lawsuit against the British broadcaster

US is set to impose 50% tariffs on $20 billion worth of Canadian products

US is set to impose 50% tariffs on $20 billion worth of Canadian products

The United States is set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies

Canadian premier says Trump is a ‘bad person’ as Canada weighs concessions for trade deal

Canadian premier says Trump is a ‘bad person’ as Canada weighs concessions for trade deal

The premier of a Canadian province launched a blistering attack on U.S. President Donald Trump on Thursday, calling him a “bad person” and “not to be trusted” and urging Canada to keep fighting rather than rush to make concessions in trade talks with Washington

Protect College Sports Act, Co-Sponsored by Senator Cantwell, Stalls in Senate; Vote Pushed to September

Protect College Sports Act, Co-Sponsored by Senator Cantwell, Stalls in Senate; Vote Pushed to September

The Protect College Sports Act, a bipartisan bill co-sponsored by Democratic Senator Maria Cantwell of Washington and Senator Ted Cruz, has been delayed in the Senate. Despite initial hopes for its passage before the congressional recess, the bill failed to reach the Senate floor due to a packed legislative calendar. Senate Majority Leader John Thune announced that the bill is now scheduled for consideration in September, with debates set to commence between September 15 and September 23. The legislation aims to reform college sports by establishing national rules for athlete compensation, transfers, and spending. Key provisions include allowing schools to share up to $48.8 million in revenue among all players in their athletic programs and permitting athletes to earn money through name, image, and likeness (NIL) deals while restricting third-party arrangements. The bill also seeks to limit student-athletes to one unrestricted transfer without penalty and includes protections for women's and Olympic sports...