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A man draped in the Israeli flag, bearing a cross and the name “Jesus” at its center, gestures as Metropolitan Police officers secure the area outside the Capital Jewish Museum in Washington, D.C. Two Israeli embassy staffers were shot dead late Wednesday by a gunman who allegedly shouted “free Palestine.” Alex Wroblewski/AFP via Getty Images hide caption toggle caption Alex Wroblewski/AFP via Getty Images WASHINGTON — Two staff members from the Israeli embassy — a young couple about to be engaged — were shot and killed Wednesday night outside an event at a Jewish museum by a man who allegedly…

Stocks close relatively flat after Wednesday’s selloff – CBS News Watch CBS News One day after it tumbled more than 800 points, the Dow Jones landed in the red by the tiniest of margins on Thursday. CBS News contributor JD Durkin examines the market. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldShares in US renewable energy groups fell on Thursday, as cuts to clean energy tax credits in President Donald Trump’s landmark tax bill proved more aggressive than expected.The bill, which narrowly passed the Republican-controlled House in the morning, seeks to end clean energy tax credits earlier than planned, undermining a central plank of former president Joe Biden’s Inflation Reduction Act.The bill will head to the Senate next, where lawmakers may water down its more hardline provisions, but clean energy advocates…

For months, President Donald Trump has pursued his sweeping agenda through executive actions. Now, he’s experiencing the hard part.Republicans put pen to paper on what Trump has called his “One Big Beautiful Bill. On May 22, House Republicans narrowly passed the sweeping fiscal package that serves as the centerpiece of the president’s legislative agenda on a 215-214 vote.The bill includes GOP priorities like no taxes on tips or overtime, cuts to Medicaid, “Trump accounts” for children and several other provisions.The process is far from over, even after House Republicans spent weeks debating its details, culminating in a 22-hour committee hearing.Senate…

The Republican legislative balancing act now shifts to the Senate.Senate Majority Leader John Thune (R-South Dakota) said this week House Republicans would like to see as few changes as possible to the sweeping tax and spending package (H.R. 1) the House passed by a single vote this morning. But he was quick to add that the Senate will have its say as it aims to get the massive reconciliation package a step closer to becoming law.”The Senate will have its imprint on it,” said Thune.Indeed, GOP senators have their own demands, and the package will have to survive the chamber’s…

A U.S. Marshal looks on an auction in 2009 in New York City. Mario Tama/Getty Images hide caption toggle caption Mario Tama/Getty Images Congressional Democrats introduced a bill Thursday that would shift control of the U.S. Marshals Service from the executive branch to the federal judiciary, in an effort to insulate the agency from political interference and guarantee that judges receive strong security protections. The move comes as President Trump, Attorney General Pam Bondi, and other top government officials this year rain down criticism on judges that are ruling against the administration in scores of court challenges. The Marshals protect…

The Costco in my town has the unique appeal of being both a warehouse and an ethnic grocer.While I can count a dozen Asian markets within a five-mile radius of my house, none of them — not even my beloved HMart — can boast the inventory and ethnic diversity of my favorite membership club.While shopping at Costco, I found Japanese Suntory whiskey, custard-filled taiyakis, Taiwanese moon cakes, Chinese sausage, Philippine dried mangos, Vietnamese bottled coffee, Korean kimbap, fresh mangosteens, and my family’s favorite pork dumplings. During the same shopping trip, I can also grab pupusas and birria tacos.For these reasons,…

Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House of Representatives early Thursday, driving down shares of solar companies including Sunrun Inc.It now moves to the Senate, where key Republicans have already balked at some of the House’s plans. Some wanted longer transition times before the latest House bill cut those even further.The House bill is “worse than feared” for clean energy, analysts at Jeffries said in a research note Thursday. They added, however, that “we don’t expect this to last into Senate draft.”Shares of Sunrun fell 44%…

The headquarters of the U.S. Department of Education shown on March 12, after the Trump administration announced mass layoffs. Win McNamee/Getty Images/Getty Images North America hide caption toggle caption Win McNamee/Getty Images/Getty Images North America On Thursday, a federal judge in Massachusetts issued a preliminary injunction blocking President Trump and U.S. Education Secretary Linda McMahon from carrying out Trump’s executive order calling for the secretary to close the Education Department. The judge also told the administration to reinstate the roughly 1,300 Education Department employees who were told in March that they would lose their jobs as part of a sweeping…

From taxes to student loan forgiveness, provisions in President Donald Trump’s “big beautiful bill” are one step closer to affecting Americans’ wallets.On Thursday morning, the House passed the tax bill — an expansive piece of legislation that would extend the president’s 2017 tax cuts and make key changes to the tax system, along with implementing significant changes to Medicaid and the Supplemental Nutrition Assistance Program.The bill is now headed to the Senate, where it’s subject to change.”Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON…