House hearings begin on Trump tax and spending bill
The House launches marathon hearings on a $5 trillion tax cut package offset by cuts to Medicaid, food aid, and green energy programs. Democrats decry the plan as a tax scam favoring the wealthy while Republicans defend it as essential for cutting deficits and extending prior tax cuts. Speaker Mike Johnson aims to pass the package by Memorial Day.
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Washington
House
Donald Trump
Frank Pallone
Dn.j
Energy & Commerce
Congress
Trump
Hakeem Jeffries
Jeffries
Pentagon
White House
Mike Johnson
Trump lays out Middle East vision in Riyadh
President Donald Trump portrayed Saudi Arabia as a model for a reshaped Middle East during a Riyadh visit. He offered to ease Syria sanctions and normalize ties, praised a ceasefire with Yemen's Houthis, urged Iran to secure a new nuclear deal, and urged Saudi Arabia to back Israel’s recognition while warning the window for diplomacy may close. Crown Prince Mohammed bin Salman welcomed him, signaling a new openness despite past tensions.
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Saudi Arabia
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Middle East
Trump
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U.S
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Mohammed bin Salman
Joe Biden
Royal Palace
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Tel Aviv
Israel
Benjamin Netanyahu
Gaza
Netanyahu
Hamas
Judge allows use of Alien Enemies Act for deportations
A Pennsylvania federal judge ruled Trump may invoke the 1798 Alien Enemies Act to speed deportations of accused gang members, but migrants must receive at least 21 days notice and a chance to challenge removals. The decision backs the administration's wartime interpretation amid related international tensions.
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Pennsylvania
Donald Trump
U.S
Stephanie Haines
Trump
Tren de
Inflation cools again as tariffs take effect yet price gains ease
Inflation slowed to 2.3 percent in April from 2.4 percent amid tariff effects still building. Monthly prices rose 0.2 percent while food costs at home fell 0.4 percent the steepest drop since 2020, clothing eased 0.2 percent and new car prices held flat. Economists foresee tariffs delaying price increases until summer with early effects seen, not yet widespread.
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Laura Rosner-Warburton
Macro Policy Perspectives
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