Russia has not yet said who it will send to Istanbul on Thursday and has refused to respond to ultimatums.
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Today's Political News Compilation - Monday, May 12, 2025
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Trump signs executive order setting 30-day deadline for drugmakers to lower prescription drug costs
By AMANDA SEITZ and SEUNG MIN KIM
Updated 4:49 PM CDT, May 12, 2025
WASHINGTON (AP) — President Donald Trump on Monday signed a sweeping executive order setting a 30-day deadline for drugmakers to electively lower the cost of prescription drugs in the U.S. or face new limits down the road over what the government will pay.
The order calls on the health department, led by Robert F. Kennedy Jr., to broker new price tags for drugs over the next month. If deals are not reached, Kennedy will be tasked with developing a new rule that ties the price the U.S. pays for medications to lower prices paid by other countries.
“We’re going to equalize,” Trump said during a Monday morning press conference. “We’re all going to pay the same. We’re going to pay what Europe pays.”
It’s unclear what — if any — impact the Republican president’s executive order will have on millions of Americans who have private health insurance. The federal government has the most power to shape the price it pays for drugs covered by Medicare and Medicaid.
Trump’s promised new — but uncertain — savings on drug prices, just hours after the Republican-led House released its new plan to trim $880 billion from Medicaid. ...
READ THE FULL STORY - AP
House Republicans propose $5 billion for private school vouchers
House Republicans want to set aside up to $5 billion a year for scholarships to help families send their children to private and religious schools, marking an unprecedented effort to use public money to pay for private education.
apnews.com
Low-income families would lose, wealthier ones would gain under GOP tax proposals
A new report shows low-income families would lose income and wealthy would gain if Republicans extend tax cuts and reduce Medicaid and SNAP.
www.usatoday.com
House Republicans unveil Medicaid cuts that Democrats warn will leave millions without care
House Republicans have unveiled the cost-saving centerpiece of President Donald Trump’s “big, beautiful bill.”
apnews.com
US and China announce agreement to cut reciprocal tariffs for 90 days
The U.S. and China issued a joint statement on Monday announcing an agreement to cut reciprocal tariffs for 90 days.
abcnews.go.com
US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause
U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
apnews.com
Some GOP senators express misgivings over Qatari jet, while others dismiss concerns | CNN Politics
Several Republican senators expressed misgivings over President Donald Trump’s plan to accept a jet from the Qatari royal family to be retrofitted and used as Air Force One for his second term, noting the potential security and legal risks.
www.cnn.com
US businesses that rely on Chinese imports express relief and anxiety over tariff pause
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days.
apnews.com
Trump family's bitcoin mining venture to go public — as Trump crypto interests grow
The president's son Eric Trump says he wants to create "the most investable Bitcoin accumulation platform in the market."
www.cbsnews.com
Judge refuses to block IRS from sharing tax data to identify and deport people illegally in U.S.
A federal judge is refusing to block the Internal Revenue Service from sharing immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S.
apnews.com
Lack of full analysis leaves GOP effort to cut $880 billion under cloud of political uncertainty
Republicans brush off criticism over things they say aren't in the proposal.
abcnews.go.com
Deputy attorney general who defended Trump in hush money trial is named acting librarian of Congress
President Donald Trump's onetime defense attorney has been appointed acting librarian of Congress. Deputy Attorney General Todd Blanche replaces longtime librarian Carla Hayden, whom the White House fired last week amid criticism from some conservatives that she was advancing a “woke” agenda.
apnews.com
Analysis: Past presidents couldn’t keep gifts of lions or horses. How could Trump accept a jet from Qatar? | CNN Politics
When sultans tried to give President Martin van Buren lavish gifts, he did what the Constitution requires and asked Congress what to do.
www.cnn.com
Trump admin live updates: Tariffs will be 'substantially higher' if deal not reached with China: Trump
President Donald Trump said Monday the tariffs against China would "go up substantially higher" than 145% if a longer-term trade deal is not reached before 90 days.
abcnews.go.com
RFK Jr. spars with Bernie Sanders over who did most to curb prescription drug prices
Robert F. Kennedy Jr. cited Bernie Sanders' 2016 and 2020 White House campaign plans on prescription drugs to highlight Trump's efforts in 2025.
www.usatoday.com
China breakthrough allows Trump to claim a ‘win’ as he leaves on first major foreign tour of second term | CNN Politics
A breakthrough in US trade talks with China is a boost for Donald Trump as his team throws itself into the most expansive set of high-level diplomatic negotiations in years, also involving Ukraine, Russia, Iran, the Middle East and multiple global trading rivals.
www.cnn.com
Trump's plan to accept free Air Force One replacement from Qatar raises ethical and security worries
For President Donald Trump, accepting a free Air Force One replacement from Qatar is a no-brainer. But Trump’s plan threatens to turn a global symbol of American power into an airborne collection of ethical, legal, security and counterintelligence concerns.
apnews.com
Republicans dodge, laugh off questions about Trump's gift plane from Qatar
Republicans reacted to ABC News' exclusive reporting that President Donald Trump's administration is poised to accept a luxury jumbo jet as a gift from Qatar.
abcnews.go.com
Trump starts his foreign trip with a crush of problems — and outsized certainty he has the answers
President Donald Trump is on his way to the Middle East, where he had intended to focus on pressing wealthy Gulf nations to pour billions in new investment into the United States.
apnews.com
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US-Israeli hostage reunites with family after being freed by Hamas
Edan Alexander, 21, is the first hostage to be released by Hamas since a ceasefire ended in March.
Continue reading...Billionaires boomed in Biden era as Fed became 'engine of income inequality' powered by COVID policies: expert
The nation's wealthiest residents saw their billions grow even larger in the years following the COVID-19 pandemic due to policies from the Federal Reserve that have deepened the chasm of income inequality, economic experts report.
"If you look at the amount of federal regulation, the amount of federal taxes, if anything… the economy has gotten less friendly toward big business, and toward rich people," economist Peter St. Onge told Fox News Digital in a May phone interview. "What's actually been happening is that the Fed has been driving income...
Continue reading..."If you look at the amount of federal regulation, the amount of federal taxes, if anything… the economy has gotten less friendly toward big business, and toward rich people," economist Peter St. Onge told Fox News Digital in a May phone interview. "What's actually been happening is that the Fed has been driving income...
Less than 4 months into Trump's 2nd term, Dems are already eyeing the 2028 race
President Donald Trump has not even hit the four-month mark yet in his second tour of duty in the White House, but that is not stopping Democrats from already looking ahead to the 2028 presidential campaign.
The very early moves in the next White House race by potential presidential contenders are clearly underway.
The latest comes from 2020 Democratic presidential candidate Pete Buttigieg, who later served as Transportation secretary in former President Joe Biden's administration. He is headlining a town hall with veterans on Tuesday in Cedar...
Continue reading...The very early moves in the next White House race by potential presidential contenders are clearly underway.
The latest comes from 2020 Democratic presidential candidate Pete Buttigieg, who later served as Transportation secretary in former President Joe Biden's administration. He is headlining a town hall with veterans on Tuesday in Cedar...
Watch Live: Trump to speak at U.S.-Saudi investment summit today
President Trump is set to deliver remarks Tuesday at a U.S.-Saudi investment summit and will sign agreements for the Pentagon, Justice Department, FBI and other agencies to cooperate with their Saudi Arabian counterparts.
Mr. Trump and Crown Prince Mohammed bin Salman announced multiple economic and defense agreements, an indication of Mr. Trump's intent to deepen U.S.-Saudi ties, despite long-held concerns from State Department reports and human rights groups about its restriction of civil liberties and political rights.
Specifically, the...
Continue reading...Mr. Trump and Crown Prince Mohammed bin Salman announced multiple economic and defense agreements, an indication of Mr. Trump's intent to deepen U.S.-Saudi ties, despite long-held concerns from State Department reports and human rights groups about its restriction of civil liberties and political rights.
Specifically, the...
Germany arrests self-declared 'king' and bans his extremist group
Police arrest the leaders of Germany's largest Reichsbürger faction, that calls itself "Kingdom of Germany".
Continue reading...Zambia warns diplomats after US reveals 'systematic' aid theft
The foreign minister says raising concerns publicly amounts to interference in domestic affairs.
Continue reading...The Philippines has voted - now the game of thrones begins again
The mid-term results will shape the bitter feud between President Bongbong Marcos and his Vice-President Sara Duterte.
Continue reading...Dozens of white South Africans arrive in US under Trump refugee plan
Donald Trump says they are victims of "racial discrimination", which is strongly denied by South Africa.
Continue reading...
Ted Cruz wants Uncle Sam to give each American baby $1,000
Sen. Ted Cruz, R-Tx., has introduced a proposal for the federal government to provide $1,000 in an account for every American child.
The "Invest America Act" would create "a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth," according to a press release.
People would also be able to add funds to the account.
CHINA WINNING AI RACE WOULD BE ‘CATASTROPHIC,’ SAYS TED CRUZ AFTER SAM ALTMAN HEARING
"Each Invest America account will be open to contributions from individuals...
Continue reading...The "Invest America Act" would create "a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth," according to a press release.
People would also be able to add funds to the account.
CHINA WINNING AI RACE WOULD BE ‘CATASTROPHIC,’ SAYS TED CRUZ AFTER SAM ALTMAN HEARING
"Each Invest America account will be open to contributions from individuals...
Republican group lays out plan to gain ground in 2 key Dem-leaning states in 2025 elections
FIRST ON FOX: The first election cycle of President Donald Trump's second term poses an opportunity for the GOP to make electoral inroads in two Democrat-leaning states, a Republican campaign group said in a memo being released Tuesday.
The Republican State Leadership Committee (RSLC) announced Tuesday that Republicans will take an offensive posture in the lead-up to the November elections in the Democrat-leaning states of Virginia and New Jersey. The group hopes to take the lessons learned from Democrat gains seen following Trump's first electoral...
Continue reading...The Republican State Leadership Committee (RSLC) announced Tuesday that Republicans will take an offensive posture in the lead-up to the November elections in the Democrat-leaning states of Virginia and New Jersey. The group hopes to take the lessons learned from Democrat gains seen following Trump's first electoral...
Biden was evaluated after "small nodule" found on prostate
Former President Joe Biden had been evaluated after doctors found a "small nodule" on his prostate, a spokesperson confirmed to CBS News on Tuesday.
"In a routine physical exam a small nodule was found in the prostate which necessitated further evaluation," a Biden spokesperson said.
The news was first reported by The New York Times.
Further testing would be needed to determine if a nodule points to prostate cancer or is benign, meaning noncancerous.
"Prostate cancer may present as a prostate nodule (hard feeling area on the prostate) or...
Continue reading..."In a routine physical exam a small nodule was found in the prostate which necessitated further evaluation," a Biden spokesperson said.
The news was first reported by The New York Times.
Further testing would be needed to determine if a nodule points to prostate cancer or is benign, meaning noncancerous.
"Prostate cancer may present as a prostate nodule (hard feeling area on the prostate) or...
Gérard Depardieu found guilty in sexual assault trial
The French actor, who denies the allegations, has been given a suspended jail term of 18 months.
Continue reading...House Republicans unveil new food stamp work requirements for Trump's 'big, beautiful bill'
House Republicans are moving to put stricter work requirements on food stamps in a bid to cut government waste and find taxpayer savings for President Donald Trump's "big, beautiful bill."
Cobbling the vast piece of legislation together takes coordination by 11 different House committees, each working on a portion of it under their panel's jurisdiction.
The portion released on Monday night would raise the upper age limit for work requirements for the Supplemental Nutrition Assistance Program (SNAP), from certain able-bodied adults up to age 54 to...
Continue reading...Cobbling the vast piece of legislation together takes coordination by 11 different House committees, each working on a portion of it under their panel's jurisdiction.
The portion released on Monday night would raise the upper age limit for work requirements for the Supplemental Nutrition Assistance Program (SNAP), from certain able-bodied adults up to age 54 to...