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Trump Says US Has Reached Trade Deal With China Trump Says US Has Reached Trade Deal With China
Trump Says US Has Reached Trade Deal With China President Trump has announced that the United States has reached a trade deal with China following two days of intense negotiations in London. "Our deal with China is done, subject to final approval with President Xi and me," Trump posted in all caps on Truth Social Wednesday morning, June 11. "Full magnets, and any necessary rare earths, will be supplied, up front, by China.  "Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!) "We are getting a total of 55% tariffs, China is getti…

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by Joe Lombardi
News
Penny Pinched: US To Stop Producing One-Cent Coin, Reports Say Penny Pinched: US To Stop Producing One-Cent Coin, Reports Say
Penny Pinched: US To Stop Producing One-Cent Coin, Reports Say The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's early days, according to reports. The US Treasury made its final order of penny blanks and will stop distributing the one-cent coins by early 2026, the Wall Street Journal reported on Thursday, May 22. A Treasury spokesperson confirmed the end of the penny to the Associated Press. The move is expected to save $56 million a year in materials, according to a Treasury official who spoke anonymously to preview the decision. Once existing penny supplies run out, busi…

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by Chris Spiker
Politics
Trump Declares 'Total Reset' After Trade Talks With China Trump Declares 'Total Reset' After Trade Talks With China
Trump Declares 'Total Reset' After Trade Talks With China President Donald Trump hailed significant advancements in trade negotiations with China, describing the discussions over the last couple of days as a “total reset” following weeks of escalating tensions between the world’s two largest economies. While specifics about the progress were not disclosed by Trump or US Treasury Secretary Scott Bessent, who is leading the discussions in Geneva, Switzerland, the talks are ongoing. In a post on Truth Social early Sunday, May 11, Trump said: “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset ne…

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by Joe Lombardi
News
$1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible $1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible
$1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible More than 1.1 million Americans are owed a share of over $1 billion in unclaimed tax refunds, but time is running out to collect, the Internal Revenue Service (IRS) has announced. Taxpayers have until Tuesday, April 15, to file their returns and claim their refunds before the money is forfeited to the US Treasury. The IRS estimates that the median refund is $781, meaning half of the refunds are higher and half are lower. Who’s Eligible? Many of those who haven't filed may be due more than just their refund. The IRS warns that low- and moderate-income taxpayers could also be missing out on …

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by Joe Lombardi
News
Trump Built a National Debt So Big - Before COVID-19 - It’ll Weigh Down The Economy For Years Trump Built a National Debt So Big - Before COVID-19 - It’ll Weigh Down The Economy For Years
Trump Built a National Debt So Big - Before Covid-19 - It’ll Weigh Down The Economy For Years The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt, Propublica reported. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much …

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by Allan Sloan, ProPublica, and Cezary Podkul for ProPublica Jan. 14, 5 a.m. EST