Author: josh
U.S. Transportation Secretary Sean Duffy warned Sunday that he is about make good on a threat to revoke millions in federal funds for California because he says the state is illegally issuing commercial driver’s licenses to noncitizens. In an appearance on Fox News Channel’s “Sunday Morning Futures,” Duffy said Gov. Gavin Newsom has refused to comply with Department of Transportation rules that require the state to stop issuing such licenses and review those already issued. “So, one, I’m about to pull $160 million from California,” Duffy said. “And, as we pull more money, we also have the option of pulling…
California Gov. Gavin Newsom, a leading Democratic critic of President Donald Trump, says he will consider running for the White House in 2028 after the midterm elections next year. Asked in an interview with “CBS Sunday Morning” whether if would be fair to say he would give a campaign serious thought after the November 2026 vote, the term-limited governor said, “I’d be lying otherwise.” Newsom has been trying to raise his national profile, adopting a combative style that parodies Trump’s social media strategy with similar all-caps posts, memes and merchandise. The Democratic governor has sparred with the Republican president over the deployment…
U.S. stocks signaled another rally on Sunday night after the Trump administration negotiated a framework for a trade deal with China that should avoid mutual assured destruction. Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China. Trump and Chinese President Xi Jinping are scheduled to meet Thursday on the sidelines of a regional economic conference in South Korea, where they will determine the final details of a deal. Futures tied…
The way Saudi entrepreneur Mohammed Aldossary sees it, innovators are animated by the same motivations whether they are in Silicon Valley, the Arabian peninsula or in South Asia: they want to solve vexing problems at scale. “What excites talent, what excites the community is to go build around those needs,” Aldorassy told the Fortune Global Forum on Sunday in Riyadh, Saudi Arabia. He is the founder and CEO of SILQ, the result of the merger in April between Saudi business-to-business marketplace Sary, which connects small businesses with manufacturers to buy supplies, and Bangladesh’s ShopUp, which offers similar services. Aldorassy said…
Treasury Secretary Scott Bessent had sharply contrasting views of longtime U.S. ally Canada, which is a top target in President Donald Trump’s trade war, and Argentina, which is getting a U.S. currency lifeline. In an interview Sunday on NBC’s Meet the Press with Kristen Welker, he was asked about the additional 10% tariff Trump said he will impose on Canada due to an anti-tariff TV ad that Ontario’s government aired. “This is a kind of propaganda against U.S. citizens. It’s psy-ops,” Bessent replied, using shorthand for psychological operations. The ad features remarks from President Ronald Reagan criticizing tariffs. Ontario’s premier said…
The Federal Aviation Administration said flights departing for Los Angeles International Airport were halted Sunday morning due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed and canceled in the coming days as the nation’s air traffic controllers work without pay during the federal government shutdown. During an appearance on the Fox News program “Sunday Morning Futures,” Duffy said more controllers were calling in sick as money worries compound the stress of…
For most of President Donald Trump’s second term, Republicans have bent to his will. But in two Midwestern states, Trump’s plan to maintain control of the U.S. House in next year’s election by having Republicans redraw congressional districts has hit a roadblock. Despite weeks of campaigning by the White House, Republicans in Indiana and Kansas say their party doesn’t have enough votes to pass new, more GOP-friendly maps. It’s made the two states outliers in the rush to redistrict — places where Republican-majority legislatures are unwilling or unable to heed Trump’s call and help preserve the party’s control on Capitol Hill. Lawmakers in the…
Kamala Harris isn’t ruling out another run for the White House. In an interview with the BBC posted Saturday, Harris said she expects a woman will be president in the coming years, and it could “possibly” be her. “I am not done,” she said. The former vice president said she hasn’t decided whether to mount a 2028 presidential campaign. But she dismissed the suggestion that she’d face long odds. “I have lived my entire career a life of service and it’s in my bones. And there are many ways to serve,” she said. “I’ve never listened to polls.”She’s recently given a series of…
Zillow’s September 2025 housing market report reveals an unexpected surge of activity during what is typically real estate’s slow season. A dip in mortgage rates—combined with a strong stock market—sparked renewed energy among both buyers and sellers after a sluggish August. New listings climbed 3% year over year in September, reversing the 3% decline a month earlier. On a monthly basis, listings dipped 2%, outperforming the historical average of a 9% tumble heading into the fall. Total inventory slipped just 1% from August to September but sits 14% higher than last year’s levels. The report also shows a shifting balance…
Treasury Secretary Scott Bessent signaled on Sunday that the U.S. and China will significantly de-escalate their trade war under a framework he negotiated. In an interview on CBS News’ Face the Nation with Margaret Brennan, Bessent said an additional 100% tariff that President Donald Trump threatened earlier this month is “effectively off the table,” along with China’s rare earth restrictions. “So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime,” he said. Trump and Chinese President Xi Jinping are scheduled…