With US government funding set to expire at midnight on Tuesday, Republicans and Democrats in Congress show no signs of agreeing to a temporary budget fix that would avert a government shutdown. President Donald Trump will meet with congressional leaders at the White House on Monday in a last-ditch effort to end the impasse. However, Democrats have signaled they are unwilling to simply agree to the Republican-backed short-term funding plan without some adjustments. If Congress fails to act, thousands of federal government employees could be furloughed, from NASA to national parks, and...
The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on chipmaking equipment and other goods and technology. The Commerce Department issued a new rule expanding its restricted export list, known as the Entity List, to automatically include subsidiaries owned 50 percent or more by a company on the list, according to a posting in the U.S. Federal Register. The action greatly increases the number of companies that require licenses to receive American goods and services. The rule is likely to disrupt...
President Donald Trump said on Monday he would impose a 100% tariff on all films produced overseas that are then sent into the U.S., repeating a threat made in May that would upend Hollywood's global business model. The step signals Trump's willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend heavily on cross-border co-productions and international box-office revenue. "Our movie making business has been stolen from the United States of America, by other Countries, just like stealing candy from a baby," Trump said in a post...
President Donald Trump's administration started detailing its plans on Monday for which services it will pause if the federal government shuts down this week, with the U.S. health department slated to furlough 41% of its workforce. The impending shutdown will be different than past government closures because the administration has threatened mass firings of federal staff, adding that it could use the lapse in funding to downsize the federal government. The Office of Personnel Management in a Monday memo said while training and onboarding of new federal employees is not allowed under the...
President Donald Trump secured Israeli Prime Minister Benjamin Netanyahu's endorsement on Monday for a US-sponsored peace proposal to end the nearly two-year war in Gaza, but questions arose over whether Hamas would accept the plan. Speaking at a joint press conference at the White House after a meeting with Netanyahu, Trump said they were "very close" to an elusive peace deal for the Palestinian territories. However, he warned the Islamist group Hamas that Israel would have full US support to take any action necessary if the militants reject its offer. The White House released a 20-point...