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Just four years ago, a joint American and Chinese effort to stem the flow of fentanyl produced in China from reaching the United States appeared set to take off. Beijing had unveiled a sweeping new law banning the synthetic opioid, leading the Trump administration to praise China’s top leader, Xi Jinping, for “a wonderful humanitarian gesture.”Soon, Chinese and American law enforcement agents joined forces to investigate and prosecute fentanyl traffickers in China. But today, cooperation between the two countries on fentanyl is at an impasse. Mutual efforts to crack down on a narcotic responsible for tens of thousands of drug overdoses in the United States each year have been thwarted by wider geopolitical tensions over trade, human rights, Russia and Taiwan. The failure to cooperate on fentanyl interdiction is emblematic of the myriad ways the bilateral relationship has run aground.
Persons: Trump, China’s, Xi Jinping, Antony J, Blinken Locations: China, United States, Beijing, Russia, Taiwan
WASHINGTON, July 6 (Reuters) - The Biden administration advanced a key $6.88 billion grant to help build a long-delayed new railway tunnel between New York City and New Jersey, which would be the largest ever federal transportation grant for a single project. The $17.2 billion Hudson Tunnel Project will repair an existing tunnel and build a new one for passenger railroad Amtrak and state commuter lines between New Jersey and Manhattan. The 112-year-old rail tunnel carries 200,000 passenger trips per day on New Jersey Transit and Amtrak along the Northeast Corridor. In 2010, then-New Jersey Governor Chris Christie pulled state funding for the tunnel project. Amtrak said on Thursday acceptance of the tunnel project into the engineering phase "has been years in the making, and we are thrilled to be even closer to the start of major construction on this critical Gateway Program project."
Persons: Sandy, Chuck Schumer, Cory Booker, Chris Christie, Donald Trump, Schumer, Trump, David Shepardson, Richard Chang Organizations: Biden, Amtrak, Federal Transit, Capital Investment, Gateway Development Commission, Federal Railroad Administration, New Jersey Democratic, New Jersey Transit, Democrats, Thomson Locations: New York City, New Jersey, Manhattan, New York, Washington, New, Jersey, Newark , New Jersey, Boston
July 6 (Reuters) - U.S. President Joe Biden's administration on Friday is expected to propose a new regulation cracking down on short-term health insurance plans, Politico reported, citing five Democrats with knowledge of the matter. A White House official told Politico on Thursday that Biden plans to announce major actions to lower costs and crack down on junk fees. The Department of Health and Human Services in 2018 extended the availability of short-term health insurance plans to millions of Americans in another Trump administration move aimed at undercutting the requirements of Obamacare. Such plans, previously available only for periods of three months or less, were extended for up to 12 months and could be renewed. The short duration plans did not include benefits provided under Obamacare, including maternity coverage and guarantee of insurance regardless of health.
Persons: Joe Biden's, Biden, Trump, Rami Ayyub, Doina, Mark Porter Organizations: Politico, White, The, of Health, Human Services, Thomson
I’ve shared this fact with readers before: I live in Tennessee outside Nashville, a very deep-red part of America. According to a New York Times tool that calculates the political composition of a community, only 15 percent of my neighbors are Democrats. I’ve been living here in the heart of MAGA country since Donald Trump came down the escalator. Or take the Trump rally, the signature event of this political era. Egger described the Trump rally perfectly: “For enthusiasts, Trump rallies aren’t just a way to see a favorite politician up close.
Persons: I’ve, MAGA, Donald Trump, I’m, Trump, it’s, Trumpism, Andy Ogles, It’s, Ogles, Andrew Egger, Egger, aren’t, Organizations: New York Times, Republican, Trump, Twitter, The Dispatch Locations: Tennessee, Nashville, America, MAGA
Multiple sources told CNN that investigators have asked several witnesses before the grand jury and during interviews about the meeting, which happened about six weeks after Donald Trump lost the 2020 election. Some witnesses were asked about the meeting months ago, while several others have faced questions about it more recently, including Rudy Giuliani. Prosecutors have specifically inquired about three outside Trump advisers who participated in the meeting: former Trump lawyer Sidney Powell, one-time national security adviser Michael Flynn and former Overstock CEO Patrick Byrne, sources said. They also discussed naming Powell as special counsel to investigate supposed voter fraud, and Trump invoking martial law as part of his efforts to overturn the election. The December 14 date is of particular interest to prosecutors, sources told CNN.
Persons: Jack Smith’s, Trump, Donald Trump, Rudy Giuliani, Giuliani, Sidney Powell, Michael Flynn, Patrick Byrne, Byrne, Jack Smith, , Robert Costello, Powell, Flynn, Robert O’Brien, Joe Biden, Mike Pence, Pence Organizations: CNN, Prosecutors, Trump, Twitter, West Wing, White House, Electoral College Locations: Washington ,
Which raises the question: Who would Trump bring back into his orbit should there be a second Trump term? Flynn was handsomely repaid by Trump when he won the 2016 presidential election, gaining the critical position of national security adviser. That is, they agree or strongly agree with statements such as “the federal government should declare the US a ‘Christian nation….’”The “ReAwaken America Tour”The ReAwaken America crowd looks to be a highly energized vanguard within this population. For an Audible podcast that we produced about Flynn and his role in ReAwaken America, Clark told us he considers Flynn “to be kind of like a father figure to [him],” and he hopes that Flynn will be Trump’s vice-presidential candidate. On tour, Flynn is dubbed, without irony, “America’s general,” and, at the event we attended in May, America’s general was the unquestionable star of the show.
Persons: Peter Bergen, Peter Bergen ”, Erik German, , Donald Trump, can’t, Trump, Michael Flynn, Flynn, We’re, Flynn wouldn’t, Mike Pence, Joe Biden, , Andrew Whitehead, Samuel Perry, Paul Djupe, Jacob Dennen, Donald, , Clay Clark, Clark, Flynn “, America’s, , Klaus Schwab, Schwab, I’m, ” Flynn, he’s Organizations: New, Arizona State University, Apple, Spotify, CNN, White House, Trump, Peter Bergen CNN, Trump National Doral Hotel, Republican, FBI, White, Denison University, Economic, America, Twitter, Facebook, Miami Locations: New America, Miami, Afghanistan, Iraq, Russian, America, Oklahoma, ReAwaken America, Davos, Switzerland
The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court "shadow docket?" The court's emergency docket is where justices make quick decisions to address emergency relief requests and other procedural matters. But the vast majority of orders that reach the emergency docket are of little interest to the general public. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.
Persons: Steve Vladeck, , Vladeck, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, University of Chicago, Capitol Police, Getty, Locations: Texas, U.S, Moore
[1/6] U.S. Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing, China, Thursday, July 6, 2023. Both sides are sceptical that Yellen's visit will be able to take much heat out of U.S.-China ties, however, with officials accepting that both countries have placed safeguarding national security above economic ties. Yellen will address "unfair" practices by China, including recent punitive actions against U.S. firms and market access barriers, the official added. On Friday she will meet China's Premier Li Qiang and former economy tsar Liu He, who is widely seen as a close confidant of President Xi Jinping. They come ahead of a possible meeting between President Joe Biden and Xi at the Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.
Persons: Janet Yellen, Mark Schiefelbein, Yellen, Nicholas Burns, Li Qiang, Liu He, Xi Jinping, Wang Huiyao, Yellen's, Zhu Feng, Xie Feng, Trump, Wu Xinbo, Antony Blinken, Joe Biden, Xi, Yew Lun Tian, Andrea Shalal, Joe Cash, Clarence Fernandez Organizations: . Treasury, Beijing Capital International Airport, REUTERS, U.S, Center for, Nanjing University, Global Times, Fudan University, Economic Cooperation, Thomson Locations: Beijing, China, REUTERS BEIJING, U.S, Center for China, United States, Russia, Washington, Asia, San Francisco
"I question whether the state party has the necessary expertise to spend the money well," he said. Kristina Karamo, chair of the Michigan state party, didn't respond to a request for comment for this story. The Arizona party, meanwhile, raised roughly $139,000 in the first three months of this year, according to state and federal filings. But the state party's organizational heft will be hard to replicate, said Jeff Timmer, a former executive director of the Michigan Republican Party. "But not having the state party well funded is detrimental to many Republican campaigns next year," he added.
Persons: Ron Weiser, Weiser, Donald Trump, Trump, Seth Masket, Kelli Ward, Joe Biden, It's, Jim Click, Kristina Karamo, Ward, Jeff DeWit, haven't, Karamo, Matt Johnson, Jason Roe, DeWit, Zlaticanin, Jeff Timmer, Timmer, Jonathan Lines, Tim Reid, Nathan Layne, Ross Colvin, Pravin Organizations: Michigan Republican Party, Republicans, White, U.S . Congress, Republican Party, Michigan, University of Denver, Arizona, Justice Department, Trump, Democratic, Reuters, Republican National Committee, Republican, Biden, Thomson Locations: Michigan, Arizona, North Carolina, Detroit, New Arizona
JetBlue Airways said Wednesday that it will terminate its partnership in the northeast U.S. with American Airlines after a federal judge ruled to block the agreement, as the New York airline focuses on its acquisition of Spirit Airlines . American said last month that it would challenge the ruling against the JetBlue partnership, but New York-based JetBlue said Wednesday it would not appeal the decision. JetBlue's deal to buy Spirit came together after JetBlue and American launched a partnership in the Northeast. American Airlines said Wednesday that it will still appeal the ruling. A spokesman for the airline did not immediately say how American could salvage the deal if JetBlue plans to begin unwinding it.
Persons: 2023Flights, Trump Organizations: LAX, Jan, FAA, JetBlue Airways, American Airlines, New, Spirit Airlines, JetBlue, NEA, American, Alliance Locations: Los Angeles, CaliforniaJan, New York, Northeast
Inflation is cooling and jobs abound, but many Americans still feel dissatisfied with the economy. Democrats and Republicans alike think the economy is struggling, despite evidence showing otherwise. Some say the US is in a "vibecession," a disconnect between how the economy performs and how Americans feel about its performance. Even now, with slower inflation, paused interest-rate hikes, and a healthy job market, Americans can't give up the idea that the economy is in trouble. If you're comparing your financial situation with that of three years ago, you're likely to feel as if the economy has gotten worse, even though it's actually gotten better.
Persons: , Joe Biden, Trump, it's, Kyla Scanlon, Scanlon, Jamie Dimon, JPMorgan Chase, Goldman Sachs Organizations: Democrats, Service, University of Michigan, Pew Research, Pew, Bureau of Labor Statistics, JPMorgan, CNN, New York Fed, Conference Board, US
The cocaine found at the White House was discovered in an area where guests drop off their cell phones. It's not the first time recreational drugs have been on White House grounds. It's unclear who left the cocaine in the White House. Snoop Dogg also once protested the Trump Administration by smoking a blunt outside of the White House in 2018. "I'm at the White House smoking," he said in a video.
Persons: It's, , Joe Biden, Willie Nelson, Jimmy Carter, Snoop Dogg Organizations: White, Service, Wing, Washington Post, New York Times, Trump Administration, White House Locations: Maryland
The last time a U.S. Treasury secretary visited China, Washington and Beijing were locked in a trade war, the Trump administration was preparing to label China a currency manipulator, and fraying relations between the two countries were roiling global markets. Treasury Department officials have downplayed expectations for major breakthroughs on Ms. Yellen’s four-day trip, which begins when she arrives in Beijing on Thursday. They suggest instead that her meetings with senior Chinese officials are intended to improve communication between the world’s two largest economies. But tensions between United States and China remain high, and conversations between Ms. Yellen and her counterparts are likely to be difficult. She met in Washington with Xie Feng, China’s ambassador, on Monday, and the two officials had a “frank and productive discussion,” according the Treasury.
Persons: Trump, Janet L, Yellen, Donald J, Biden, Yellen’s, Xie Feng Organizations: Treasury, Biden, Treasury Department Locations: U.S, China, Washington, Beijing, United States
LaVorgna is in the camp that says it will be difficult if not impossible for the U.S. to avoid at least a modest period of negative growth in the second half. "The only way we won't have a deep recession is if the Fed has the courage to ease very quickly." "The second half will be difficult. And if history is any guide, the strength that has marked the first half of the year likely will carry over into the second half. In years when the index gained more than 10% in the first half, the second half usually sees double the normal second-half return, according to CFRA.
Persons: Joseph LaVorgna, Trump, LaVorgna, That's, Mark Zandi, Zandi, hasn't, CFRA, Sam Stovall, Ian Shepherdson, Shepherdson Organizations: Federal, Nikko Securities America, Fed, Market Committee, Atlanta, Moody's, University of Michigan, Treasury, Pantheon Locations: U.S, nonfarm payrolls, Friday's
US targets China over semiconductors
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +3 min
The case initially started as a dispute between Micron Technology (MU.O) and the Chinese firm. Trump's move escalated it into the realm of an international trade conflict between the United States and China. January 2020: Reuters reported that the Trump administration had since 2018 had mounted an extensive campaign to block the sale of Dutch chip manufacturing technology to China. May 2020: The Trump administration blocks shipments of semiconductors to China's Huawei Technologies from global chipmakers, crippling its HiSilicon chip and smartphone divisions. December 2022: The U.S. adds Chinese memory chip maker YMTC and dozens of other Chinese firms to its trade blacklist.
Persons: Florence Lo, Joe Biden's, Donald Trump's, Trump's, Trump, Biden, Brenda Goh, Jamie Freed Organizations: REUTERS, Trump, Washington, Reuters, Former U.S, U.S . Justice Department, Micron Technology, Huawei Technologies, HK, Nvidia, Micron Devices, Thomson Locations: China, U.S, Netherlands, Former, Fujian, United States, ASML, Shanghai
CNN —The US State Department on Friday released its long-awaited Afghanistan After Action Review report, which found that both the Trump and Biden administrations’ decisions to pull all US troops from Afghanistan had detrimental consequences, and details damning shortcomings by the current administration that led to the deadly and chaotic US withdrawal from that country after nearly two decades on the ground. Sharper criticism of Biden admin actions than earlier White House documentThe State Department’s report contains much sharper criticism around the Biden administration’s actions than the White House summary document released in April. That added significantly to the challenges the Department and DoD faced during the evacuation,” the report said. The report noted that in the chaos, the State Department received an “overwhelming volume of incoming calls and messages to the Department from other government agencies, Congress, and the public inquiring about individual cases mostly with regard to at-risk Afghans,” which created an immense challenge. The report detailed 11 recommendations, mostly related to the Department’s crisis response and preparedness.
Persons: Donald, Trump, Joe, Biden, , Afghanistan “, , Hamid, State Department “, ” “, Antony Blinken, I’ll, ” Blinken Organizations: CNN, US State Department, Trump, Biden, State Department, White, Department, Bagram Air Base, Hamid Karzai International Airport, US, , DoD, United States, Task Force Locations: Afghanistan, United, United States, Kabul, Washington
But under a Colorado public accommodations law, she said she cannot post the statement because the state considers it illegal. The ruling – rooted in free speech grounds – will pierce state public accommodation laws for those businesses who sell so-called “expressive” goods. It is the latest victory for religious conservatives at the high court and will alarm critics who fear the current court is setting its sights on overturning the 2015 marriage case. When the Supreme Court agreed to hear the case in February 2022, the justices sidestepped whether the law violated Smith’s free exercise of religion. In court, Waggoner said that the law works to compel speech in violation of the First Amendment.
Persons: Justice Neil Gorsuch, John Roberts, Samuel Alito, Amy Coney Barrett, Brett Kavanaugh, Clarence Thomas, Justice Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Lorie Smith, Gorsuch, , Smith’s, ” Gorsuch, Sotomayor, , , Kristen Waggoner, Matthew Shepard, ” Sotomayor, Bostock, Trump, Kelley Robinson, Ritchie Torres, ” Torres, Waggoner, Smith, Smith –, , ” Smith, ” Waggoner, Eric Olson Organizations: CNN, Chief, U.S, Supreme, Pride Month, Civil, American Civil Liberties Union, , Democratic, Twitter, Appeals Locations: Colorado, United States, Clayton County
[1/2] Russia's President Vladimir Putin and U.S. President Donald Trump attend a meeting on the sidelines of the G20 summit in Osaka, Japan June 28, 2019. "I want people to stop dying over this ridiculous war," Trump told Reuters in a telephone interview. As president, Trump developed friendly relations with Putin, who Biden said on Wednesday has "become a bit of pariah around the world" for invading Ukraine. Trump said Putin had been damaged by an uprising by the Russian mercenary force, the Wagner Group, and its leader Yevgeny Prigozhin, last weekend. As president, Trump adopted a tougher stance on China while claiming a good relationship with Chinese President Xi Jinping that soured over the coronavirus pandemic.
Persons: Vladimir Putin, Donald Trump, Mikhail Klimentyev, Putin, Trump, they've, Joe Biden, Volodymyr Zelenskiy, Biden, Yevgeny Prigozhin, he's, you'll, Xi Jinping, they'd, They'd, Steve Holland, Nathan Layne, Kanishka Singh, Ross Colvin, Grant McCool Organizations: U.S, Sputnik, REUTERS, WASHINGTON, Former U.S, Reuters, Russian, NATO, Wagner Group, International, Thomson Locations: Osaka, Japan, Kremlin, Former, United States, Russia, Ukraine, China, Chinese, Cuba, U.S, Kyiv, Russian, Beijing, Taiwan
"If you can't commit to being there [at least] three years, don't buy," said Elliott. Benefits of ownership are 'vastly overstated'Richard Newstead | Moment | Getty ImagesThe financial benefits of homeownership are "vastly overstated," Boudreaux said. For one, a financial assessment of affordability is incomplete if consumers only compare monthly rent and mortgage costs. Secondly, a tax deduction for mortgage interest isn't as valuable as it once was, Boudreaux added. Jude Boudreaux senior financial planner with The Planning CenterIn a general sense, it's also more difficult to get the financial benefits of a tax deduction.
Persons: Kamila Elliott, Elliott, Boudreaux, Guido Mieth, There's, landscapers, Richard Newstead, Trump, Jude Boudreaux, it's, Laurie Goodman, Christopher Mayer Organizations: Wealth Partners, Urban Institute, Columbia University . Home Locations: Atlanta
The impact of the ruling could affect countless workplaces and could require many employers to make substantial changes to accommodate religious workers. The latest decision may be less divisive than some of the court’s recent rulings on religion, in part because protecting observance of the Sabbath may not split Americans along the usual lines. Indeed, liberal justices have tried in the past to shield workers from discipline and termination for following their faith, and all three on the court signed onto the decision. The case was brought by Gerald Groff, an evangelical Christian and former missionary who worked as a substitute mail carrier. After the Postal Service made a deal with Amazon in 2013 to deliver packages on Sundays, Mr. Groff said he had to choose between his faith and his livelihood, opting to quit after being disciplined for missing work.
Persons: Trump, Gerald Groff, Groff Organizations: Postal Service, Amazon Locations: Maine, Montana, Philadelphia
Stress Tests Show Largest Banks Are Sturdy, Fed Says
  + stars: | 2023-06-28 | by ( Emily Flitter | ) www.nytimes.com   time to read: +1 min
Senior Fed officials said on Wednesday that they did not expect the banks to announce any plans to distribute cash to shareholders until Friday. “Today’s results confirm that the banking system remains strong and resilient,” said Michael S. Barr, the Fed’s vice chair for supervision. “At the same time, this stress test is only one way to measure that strength. Fed regulators are following a set of rules put in place during the Trump administration that critics say weakened oversight of banks in a certain size range — those smaller than the too-big-to-fail giants but larger than some regional and community banks. One sign of that reduced oversight was clear in Wednesday’s results: Not all the banks tested in 2022 were tested again in 2023.
Persons: , Michael S, Barr, , Trump Organizations: Regulators, Silicon Valley Bank Locations: Silicon
Increasingly, employees are automatically enrolled in their 401(k) plan without weighing in on their investments. watch nowMeanwhile, some employers may be worried that their workers won't get high enough profits from ESG funds, Dyer said. A Trump administration-era rule discouraged retirement plan sponsors from offering ESG funds, experts say. How to examine your ESG 401(k) optionsIf you're in the small pool of employees who do have access to an ESG fund in your retirement plan, your research may end there. Employers have a fiduciary duty to administer retirement plans in the best interest of plan participants.
Persons: Dyer, Morgan Stanley, Trump, Joe Biden, Biden, Bradford Campbell, Campbell, Behar, Andrew Behar, Sow Organizations: CFA Institute, CFA, Department of Labor, House Republicans, Employers Locations: ESG, Texas, GreenFin
New York CNN —The Small Business Administration distributed more than $200 billion in potentially fraudulent Covid-19 relief funds, according to a federal watchdog. At least 17% of the $1.2 trillion distributed by the SBA was wasted in fraud, the report found. Most of the fraud apparently happened through the EIDL funds, with the inspector general estimating more than $136 billion of fraudulent activity in that program. While the program successfully helped many companies pay workers during the pandemic, it was plagued by questionable lending and rampant fraud. To date, the agency has recovered nearly $30 billion in funds, according to the report.
Persons: Chris Steakhouse, Trump Organizations: New, New York CNN, Small Business Administration, SBA, Washington, PPP, Los Angeles Lakers Locations: New York
Ron DeSantis' immigration plan is similar to his. The former president told reporters that DeSantis "basically copied everything I said." Ron DeSantis "copied everything" from Trump's own immigration plan. Trump's latest taunt of his closest GOP rival comes just after DeSantis rolled out his immigration plan during an event at the US-Mexico border. "Well, his plan is my plan," Trump told Semafor and ABC News reporters, according to Semafor's Shelby Talcott.
Persons: Trump, Ron DeSantis, DeSantis, , Donald Trump, Semafor, Shelby Talcott, Trump's, tweeting Organizations: Florida Gov, Service, GOP, ABC News, CNN, Trump, Fox News Locations: Mexico
The DeSantis plan, rolled out at a press conference at the Texas border Monday, lays out steps that should satisfy most Republican border hawks. His immigration plan showcases a candidate interested in effective policymaking beyond pure sloganeering, even if some major questions surround a few key details. The former President noted the similarities — “His plan is my plan,” Trump told Semafor and ABC News on Tuesday. Then, there are the ideas in DeSantis’ plan that have a harder time standing up to scrutiny. Similarly, cutting federal funding to non-governmental organizations that provide aid to those who cross the southern border would be less effective than it sounds.
Persons: Patrick T, Brown, Ron DeSantis, Donald Trump, DeSantis, ” Trump, Semafor, , , , Trump, parry, isn’t, doesn’t Organizations: Public Policy Center, Economic, Twitter, CNN, Florida Gov, Trump, Republican, Sunshine State, ABC, Republicans, PBS, NPR, Marist, Sun, Group, American, Facebook Locations: Washington , DC, Texas, Iowa, South Carolina, Florida, Mexico
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