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The Latest Breaking News from Kush Desai

Economist Paul Krugman says Bitcoin’s crash shows the ‘unraveling of the Trump trade’

The Trump family, with ample crypto ventures, has lost an estimated $1 billion from the monthlong cryptocurrency free fall.

Fortune

CBO slashes tariff deficit forecast, complicating Trump's $2,000 checks

Senate Republicans would rather the tariff money go toward deficits than dividends.

Axios

White House scrambles for affordability message amid still-high prices - Roll Call

The White House is scrambling for a new message on affordability after still-high prices led to Democratic election wins last week.

Roll Call

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Trump's Gold-For-Bitcoin Shock Plan Targets $38 Trillion Debt and $242K BTC

Sen. Cynthia Lummis (R-Wyo.) says that the Trump administration is considering a radical plan to convert a portion of the nation's gold reserves into Bitcoin (CRYPTO: BTC) to build a strategic digital reserve.

Benzinga

Three-quarters of Americans say everyday prices are increasing - despite Trump saying inflation is over

Three-quarters of Americans are paying at least $100 more for their monthly household costs, a new poll reveals

The Independent UK

The small cracks of dissent emerging in Trump's GOP

Fellow Republicans are criticizing Trump's team on National Guard deployments, free speech, the federal shutdown and more.

Axios

Teva, Viatris On Investor Watch As White House Spares Generic Drugs From Tariffs

The Trump administration is reportedly planning to exclude imported generic drugs from tariffs.

Benzinga

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White House fumes at Ariana Grande after she asks MAGA if their lives are better under Trump

The White House issued a sharp response to a post on Ariana Grande’s Instagram story, incorporating several of her own song titles in the reply

The Independent UK

Trump's epic economic and drug figures fizzle under scrutiny

Trump's claims on tariff revenue and decreasing drug prices clash with expert data.

Axios

Trump Tariffs To Push 875,000 Americans Into Poverty? Survey Sizes Up Economic Impact

The economic impact of tariffs from President Donald Trump could be felt by Americans now and in the coming months, as higher costs for imports could lead to companies passing costs onto consumers. A new survey suggests that low-income consumers may be the ones hurt the most.

Benzinga

Bad diets, too many meds, no exercise: A look inside the latest 'Make America Healthy Again' report

A report promised by U.S. Health and Human Services Secretary Robert F

The Independent UK

In Trump’s year of cost-cutting and efficiency, national debt soars past $37 trillion

White House deputy press secretary Kush Desai told Fortune the debt-to-GDP ratio has fallen under Trump and will keep improving with pro-growth policies and record tariff revenues.

Fortune

Trump promised to back Detroit automakers - his deal with Japan has them shaking in their boots

A group representing the ‘big three’ US automakers raised concerns that the US-Japan trade deal could hurt US auto workers

The Independent UK

Exclusive: Trade partners have realized America is 'simply not reliable' after Trump's tariff regime, says Elizabeth Warren—believing impact will be felt for generations to come

The White House believes tariffs are a win for American voters, but Sen. Warren tells Fortune the policy has driven up tariff-vulnerable costs, delayed manufacturing investment, and forced the Fed to keep interest rates higher than it otherwise would.

Fortune

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The Independent UK

Businesses are already passing the cost of tariffs onto consumers, Federal Reserve survey finds

Prices are expected to rise even more by late summer, the Federal Reserve said

The Independent UK

Whitmer says 'massive economic uncertainty' is to blame on semiconductor project failure in Michigan

A widely anticipated potential semiconductor project that would have brought a new plant to Michigan has fallen through and Gov. Gretchen Whitmer is blaming economic uncertainty

The Guardian - US

Newsom is warned of ‘criminal tax evasion’ if he withholds federal taxes

California governor made threat amid reports Trump is weighing huge federal funding cuts targeting state

Fortune

Trump has several workarounds to get his tariffs back on track, experts say

One option is to launch investigations into key trading partners to justify tariffs.

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The Guardian - US

Trump allies rail against court ruling blocking wide swath of tariffs

Some Republicans attempted to frame decision as part of a broader fight between the Trump administration and US justice system

The Independent UK

Trump trade war: Tariffs back on as appeals court rules in president’s favor amid outbursts over ‘unelected’ judges

Appeals court pauses the Court of International Trade ruling on Trump’s tariffs while legal challenge plays out

Euronews

US federal court blocks Trump from imposing sweeping global tariffs

The New York-based US Court of International Trade delivered the ruling dealing a crucial blow to President Trump’s signature set of economic policies which have rattled global markets, frustrated trade partners and raised fears of growing inflation.

Fortune

A federal court just killed Trump’s tariff program, immediately striking them down nationwide

The Court of International trade has struck down Trump’s “unlimited emergency tariffs on global trade” in a crushing blow on Wednesday.

The Independent UK

Fraudsters are using ingenious hacks to pay lower tariffs on overseas products - like lying about the product inside

Some companies are avoiding tariffs by lying about the worth of products, or the materials they are made of

The Independent UK

White House says Trump is reviewing IVF policy recommendations promised in executive order

A White House official says the Trump administration is reviewing a list of recommendations to expand access to in vitro fertilization

Fortune

Trump calls emptying U.S. ports a 'good thing' despite supply-chain panic because 'that means we lose less money'

The president has repeatedly claimed the U.S. has a $1 trillion trade deficit with China, though economists argue a trade deficit isn’t inherently negative.

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