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U.S. Commerce Secretary Howard Lutnick breaks down reasoning behind a plethora of tariffs, reacts to trade criticism and reveals the ultimate goal for President Donald Trump’s negotiation tactics. President Donald Trump says the U.S. is involved in “Stupid Trade,” not “Free Trade.”  Trump made the remark on his Truth Social account Thursday after threatening to impose a 200% tariff on alcohol products from France and other European countries, exacerbating the trade war among U.S. allies. “The U.S. doesn’t have Free Trade. We have ‘Stupid Trade.’ The Entire World is RIPPING US OFF!!!” Trump wrote.  An hour before that message, Trump said…

Gene Hackman and Betsy Arakawa’s dogs helped locate the actor’s body when authorities arrived at the couple’s home on Feb. 26.Santa Fe Fire Chief Brian Moya explained the department immediately located Betsy in a bathroom after entering the front door of the New Mexico home. However, officials searched for nearly 30 minutes with no sign of Hackman.While paramedics and officers from the Santa Fe County Sheriff’s Department searched the home, one of the couple’s dogs kept running up to them. Authorities originally thought the dog wanted to play, but later realized the pup was trying to help. One of Hackman…

Redfin CEO Glenn Kelman unpacks the state of the housing market on ‘Barron’s Roundtable.’ Mortgage rates remained near a three-month low this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked up to 6.65% from last week’s reading of 6.63%. The average rate on a 30-year loan was 6.74% a year ago.”Despite volatility in the markets, the 30-year fixed-rate mortgage remained essentially flat from last week,” said Sam Khater, Freddie Mac’s chief economist. “Mortgage rates continue to be relatively low versus…

Summary The Trump administration and Department of Government Efficiency propose cutting the IRS workforce by nearly 20% by May 15. Nearly 6,800 employees would be terminated, adding to about 6,700 firings and 4,700 buyouts already implemented. A source familiar with the matter warns these changes could dramatically reduce revenue and decrease customer service. While April 15 is the tax filing deadline, making timing of cuts significant, the agency processes returns year-round. This summary was AI-generated and reviewed by CNN editors. CNN  —  The Trump administration and Department of Government Efficiency are proposing a dramatic downsizing of the IRS that would…

CNN  —  Tim Walz is headed back out on the road – this time, for a tour of House districts represented by Republicans who have stopped holding in-person town halls amid the raucous receptions some of their colleagues have gotten across the country. The Minnesota governor and 2024 vice presidential candidate will start on Friday in Iowa, in the district represented by Rep. Zach Nunn, then head across the border to Nebraska, for the district represented by Rep. Don Bacon – both of whom won tight races for re-election last year. Walz’s team is already planning stops in Wisconsin, Minnesota…

CNN  —  Russian forces have recaptured Sudzha, the largest town that Ukraine once occupied in the Kursk region, according to Moscow, threatening Kyiv’s sole territorial bargaining chip amid pressure to negotiate an end to the war. “In the course of the offensive operations, units of the North military group liberated the settlements of Melovoy, Podol and Sudzha,” the Russian defense ministry said Thursday. The US-based conflict monitor the Institute for the Study of War (ISW) also said footage from the ground indicated that Russian forces had seized Sudzha and advanced to southern Zaoleshenka, a settlement just northwest of the town.…

CNN  —  With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. On Wednesday morning, just after markets spent a day reeling from Trump’s on-again-off-again threat to levy extraordinary energy, steel and aluminum tariffs on Canada and to destroy the country’s auto industry, Trump placed tariffs on all steel and aluminum imported from every country around the world, a policy that could drive up prices on a broad range of consumer and industrial goods for Americans. Europe immediately retaliated, adding pressure on a variety…

Luigi Mangione’s defense attorney in Pennsylvania continues to argue that Altoona police unlawfully detained the murder suspect and searched his belongings when they identified him at a McDonald’s following a tip.Mangione, 26, is charged with first-degree murder in furtherance of an act of terrorism, stalking and a slew of other state and federal charges in both New York and Pennsylvania, for allegedly gunning down UnitedHealthcare CEO Brian Thompson, a married father of two, on a sidewalk in Manhattan in December 2024.Now his attorney says authorities’ use of the word “manifesto” to describe Mangione’s writings allegedly found in his backpack during…

CNN  —  US President Donald Trump’s plans for the future of Gaza were further shrouded in confusion on Wednesday when he told reporters that “nobody is expelling any Palestinians” from the enclave – an apparent climbdown from his previous proclamations that its population should be relocated. Trump has repeatedly offered conflicting visions for Gaza’s future. He said in recent weeks that its 2.1 million Palestinians should be moved to Arab states like Egypt and Jordan following Israel’s war with Hamas, controversially proposing that the US take control of the Strip and turn it into a Middle Eastern “Riviera.” “We’re moving…

CNN  —  A new lawsuit from Democratic attorneys general in 20 states and the District of Columbia alleges this week’s mass layoffs at the Department of Education are gutting the agency as a way to implement an unlawful plan by President Donald Trump to dismantle the department. The states accuse the administration of “effectively nullifying” mandates by Congress that require the department to carry out certain functions. “Here, where Congress has created the Department of Education, the Executive and his agencies cannot incapacitate it, absent Congressional action that directs them to do so,” the lawsuit said. On Tuesday, the administration…