House Speaker Kevin McCarthy said lawmakers will move forward with a bill to address national security worries about TikTok. The announcement comes after TikTok CEO Shou Zi Chew appeared before a House committee last week and was grilled by lawmakers about national security and other concerns involving the app, which has 150 million American users.
Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
A stark disagreement over regulating AI in Republicans’ tax cut and spending bill is the latest tension among conservatives about whether to let states continue to put guardrails on emerging technologies or minimize such interference.
Amanda Chu of POLITICO reveals how lawmakers are betting millions on pharma stocks even as Trump threatens tariffs and demands steep drug price cuts. Watch!
At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations.
