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Trump, lawmakers at odds over whether FEMA should be elevated to Cabinet-level agency or completely overhauled

Politics

Trump, lawmakers at odds over whether FEMA should be elevated to Cabinet-level agency or completely overhauled

While President Donald Trump wants to gut the Federal Emergency Management Agency (FEMA), lawmakers on both sides of the aisle are seeking to elevate FEMA to a Cabinet-level agency. FEMA is currently housed under the Department of Homeland Security, but the House effort would solidify FEMA as its own separate agency, according to a discussion draft of the legislation released Thursday. House Transportation and Infrastructure Committee Chairman Rep. Sam Graves, R-Mo., and […]

todayMay 9, 2025 7

Panasonic cutting 10K jobs from its workforce

Business

Panasonic cutting 10K jobs from its workforce

Electronics maker Panasonic Holdings is cutting 10,000 jobs from its workforce.The Japan-based company announced the job cuts on Friday as part of a broader effort to increase its profitability moving forward.Of the 10,000 employees slated to lose their jobs, half will be workers in Japan, according to Panasonic. The other 5,000 will be in other countries. "In terms of management reform, toward transformation into an organization where individual employees create higher […]

todayMay 9, 2025 14

China winning AI race would be ‘catastrophic,’ says Ted Cruz after Sam Altman hearing

Business

China winning AI race would be ‘catastrophic,’ says Ted Cruz after Sam Altman hearing

Sen. Ted Cruz, R-Texas, told Fox News Digital that the consequences of losing the AI race to China would be "catastrophic," following a hearing featuring artificial intelligence sector executives Sam Altman, Lisa Su, Michael Intrator and Brad Smith on Thursday. Cruz, chair of the Senate Commerce Committee, asked Altman in the hearing whether the U.S. remains ahead of China in the AI race, and Altman said yes, with the caveat that […]

todayMay 9, 2025 7

Blue state Republicans threaten mutiny over state and local taxes in Trump’s ‘big, beautiful bill’

Politics

Blue state Republicans threaten mutiny over state and local taxes in Trump’s ‘big, beautiful bill’

Sparks are flying over taxes that primarily affect Republicans representing districts in Democrat-controlled states, sending tensions skyrocketing as GOP lawmakers negotiate President Donald Trump's "big, beautiful bill."The fight more specifically is about state and local tax deductions, colloquially known as SALT. Republican lawmakers representing high-cost-of-living areas outside big cities had been pushing leaders to raise the current cap on SALT deductions – $10,000 for both single filers and married couples – […]

todayMay 9, 2025 5