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The Latest Breaking News from the Supreme Court

Dick Cheney’s expansive vision of presidential power lives on in Trump’s agenda

Former Vice President Dick Cheney will be remembered for many things. He was arguably the most powerful vice president in American history. He was a paragon of conservatism. He was the architect of many of the more extreme measures in President George W. Bush’s “war on terror.”

The Conversation

Stocks Finish Sharply Lower on Concerns About Lofty Valuations

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.07%. December E-mini S&P futures (ESZ25 ) fell -1.17%, and December E-mini Nasdaq futures...

Barchart

Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

The Supreme Court will begin hearing arguments Wednesday over whether President Donald Trump overstepped by using emergency powers to impose tariffs on more than 100 countries.

Fortune

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As Tariff Case Heads to the Supreme Court, Trump's Strongest Argument Has a Fatal Flaw

The International Emergency Economic Powers Act doesn't grant the president the power to regulate imports with tariffs. Even if it did, these tariffs would still be unconstitutional.

Reason

Even if the Supreme Court rejects Trump’s tariffs, his staff is working on backup plans to keep charging for imports

Several small businesses have sued the president for his sweeping tariffs, claiming they negatively impact business and defy Congress’s authority

The Independent UK

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

Fortune

Stocks Pressured Amid Valuation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.12%. December E-mini S&P futures (ESZ25 ) are down -0.74%, and December E-mini Nasdaq futures...

Barchart

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Stocks Retreat on Valuation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.97%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.29%. December E-mini S&P futures (ESZ25 ) are down -0.95%, and December E-mini Nasdaq futures...

Barchart

Dick Cheney Dies

Plus: Tariffs before the court, Mamdani on the ballot twice, and more...

Reason

Spending law unenforceable if the president wants to violate it - Roll Call

There is little Congress can do to enforce a law designed to safeguard its power of the purse if the president disregards it.

Roll Call

Trump's Tariffs and John Roberts' Credibility

Learning Resources v. Trump will test both executive power and judicial fidelity.

Reason

Victor Conte, who sold undetectable steroids to elite athletes in baseball and track, has died at 75

Victor Conte has died at 75 years old

The Independent UK

Will a Mamdani Victory Push the Democrats Further Left?

Plus: Virginia and New Jersey governor’s races, a court ruling extending SNAP funding during the shutdown, and Trump’s tariff fight reaches the Supreme Court

Reason

William Barr Discovers the Economics of Tort Law (and Misrepresents the Law Governing Interstate Pollution)

Another reply to the former attorney general on climate litigation that may end up in the Supreme Court.

Reason

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Stocks Close Higher on M&A and AI Optimism

The S&P 500 Index ($SPX ) (SPY ) on Monday rose +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.37%. December E-mini S&P futures (ESZ25 ) rose +0.09%, and December E-mini Nasdaq futures (NQZ25 ) rose...

Reason

In Tariff Case, Trump's Attorneys Can't Decide if Foreign Investment Is Good or Bad for America

The administration's legal brief reveals a critical contradiction in Trump's trade policies.

Cycling Weekly

'We felt like our backs were up against the wall' – the cycling clothing company taking on Trump's tariffs

Terry Precision Cycling, along with other small businesses, will attend the Supreme Court on Wednesday

Barchart

Stocks See Support From M&A and AI Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.08% the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.55%. December E-mini S&P futures (ESZ25 ) are up +0.16%, and December E-mini Nasdaq futures...

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Euronews

US tariffs: Supreme Court may curb Trump’s favourite trade weapon

The Supreme Court could restrict Trump’s use of tariffs, challenging his unprecedented trade strategy.

Roll Call

Trump's tariff regime case could reshape Congress' taxing power - Roll Call

The Supreme Court will hear oral arguments Wednesday over whether a law allows President Donald Trump to implement a worldwide tariff regime.

International Business Times

Toy Maker Challenges Trump's Tariffs at Supreme Court in Landmark Case

Toy maker Learning Resources takes Donald Trump's sweeping tariffs to the U.S. Supreme Court, arguing the policy unfairly harms small American businesses.

Axios

"Most important case ever": Supreme Court to decide fate of Trump's tariffs

The consequences of this case will far transcend simple duties on imports.

Benzinga

Trump Wants To Attend Supreme Court's Hearing On Legality Of His Tariffs So Badly, But Won't: 'Not About Me, Its About Our Country'

Ahead of the Supreme Court’s hearing on the legality of his tariffs on Wednesday, President Donald Trump has confirmed he will not attend, even though he really wanted to.

Fortune

Stock futures climb as investors await Supreme Court showdown on Trump tariffs and shareholder vote on Musk’s $1 trillion pay package

On Thursday, Tesla shareholders will gather for the company’s annual meeting and will vote on Musk’s $1 trillion compensation package.

Fortune

Bessent points to China’s rare earths restrictions to justify Trump tariffs as Supreme Court to hear arguments about emergency powers

“The president was able to push back using his IEEPA powers. If that’s not use of an emergency power at an emergency time, I don’t know what it is.”

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